iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Benchmarks pare some losses; auto stocks outperform

6 Jan 2022 , 01:28 PM

The domestic equity barometers pared some of the losses as they came off the days low in afternoon trade. The Nifty was trading above the 17,700 mark. Auto stocks advanced for fifth consecutive session.

At 13:26 IST, the barometer index, the S&P BSE Sensex, was down 737.78 points or 1.23% to 59,485.37. The Nifty 50 index dropped 213.25 points or 1.19% to 17,712

UPL (up 1.56%), Bharti Airtel (up 1.54%), Hindalco (up 0.70%), Bajaj Finance (up 0.69%) and Titan Company (up 0.66%) were the top Nifty gainers.

Ultratech Cement (down 2.83%), Shree Cement (down 2.75%), Adani Ports (down 2.72%), JSW Steel (down 2.67%) and Tech Mahindra (down 2.61%) were the top Nifty losers.

In the broader market, the S&P BSE Mid-Cap index fell 0.45% while the S&P BSE Small-Cap index lost 0.33%.

The market breadth was positive. On the BSE, 1792 shares rose and 1526 shares fell. A total of 108 shares were unchanged.

Buzzing Index:

The Nifty Auto index rose 0.24% to 11,283.95, extending gains for fifth day in a row. The index has advanced 4.91% in five sessions.

Bharat Forge (up 2.98%), Maruti Suzuki (up 1.15%), TVS Motor Company (up 0.98%), Bajaj Auto (up 0.58%), Eicher Motors (up 0.31%), Ashok Leyland (up 0.23%) and Tata Motors (up 0.18%) advanced.

Concurrently, Hero MotoCorp (down 0.67%) and Mahindra & Mahindra (down 0.48%) declined.

Economy:

According to a domestic credit rating agency, the third wave of the pandemic, which has seen a massive spike in infections after the more infectious Omicron variant of the coronavirus appeared, is likely to shave 40 bps off the fourth quarter GDP growth that may print in at 4.5-5%.

COVID-19 Update:

India has reported 90,928 cases in the last 24 hours, recording a sharp spike of over 56% in daily new infections. The countrys active caseload now stands at 2,85,401. The country also reported 325 deaths. The Omicron tally in country stands at 2,630.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.