iifl-logo

Invest wise with Expert advice

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

sidebar image

Markets in a fast rally; Sensex climbs 400 pts, Nifty reclaims 18,000-mark

17 Jan 2023 , 10:08 AM

Indian markets were on a bull run on Tuesday’s early trading session despite mixed global cues. All major sectoral indices traded higher. FMCG stocks outperformed. In the opening bell, Sensex reclaimed over 60,500-mark and Nifty 50 crossed 18,000-level.

At around 10.10 AM, Sensex was trading at 60,515.07 up by 422.1 points or 0.70%. Nifty 50 performed at 18,013.65 higher by 118.80 points or 0.66%.

In terms of sectoral indices, on NSE, the FMCG index surged over 500 points. The IT and Banking index jumped over 0.5% each. The Financial Services index climbed 0.3%.

Gainers on Nifty were – HUL, HCL Tech, L&T, NTPC and HDFC Bank gaining between 1.1-2.7%.

Losers on Nifty were – Sun Pharma, Bajaj Finance, Hero MotoCorp, BPCL and Tata Steel slipped between 0.4-0.6%.

Bank of India, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Delta Corp, Eris Lifesciences, Hathway Cable & Datacom, Mastek, Metro Brands, Network18 Media & Investments, TV18 Broadcast, Newgen Software Technologies, Shalby, Tata Investment Corporation, and Tata Metaliks will be in focus ahead of quarterly earnings on January 17.

Moreover, WPI inflation eased to a 22- month low of 4.95% in December 2022 (from 5.85% in November) led by lower food, textile and minerals prices. Food category witnessed disinflation for the first time in over a year due to sharp decline in vegetables prices.

On the global front, Asian markets opened on a mixed note with the Japanese ‘Nikkei’ leading the gains of over 350 points in early trade while other Asian markets see profit booking after a stupendous last week.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Asian markets
  • BSE live
  • bse sensex
  • India Covid
  • Markets Commentary
  • Markets live
  • Markets live news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

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

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 Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
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.