Markets see another day in red

27 Jan 2023 , 04:19 PM

Indian equity markets saw another day in red today. The negative report of investment research firm, Hindenburg on Adani Group weighed down market sentiments today too.  Adani Group has come out with a point-by-point rebuttal of the findings of the report. 

Nifty 50 ended, down by 287.60 points. Sensex ended, down by 874.16 points. Top Gainers today were Tata Motors, Bajaj-Auto, Dr Reddy’s. Top Losers today were Adani Enterprises, Adani Ports, State Bank of India. 

It has been a start on a reddish note for Indian equity markets, in 2023. Nifty 50 is down year-to-date (YTD) by 3.26%. Sensex is down YTD by 3%. Most major foreign equity markets are up, YTD. 

All broader indices ended the day in red today. Heavy selling pressure was seen in large cap stocks, mid cap stocks, and small cap stocks. Heavy selling pressure was seen in many PSU bank stocks, oil & gas stocks, and metal stocks. Buying demand was seen in some pharma and healthcare stocks.

Yes Bank, Zomato and Idea were the most traded stocks today at NSE, in terms of volume. Adani Enterprises, Adani Ports, and Ambuja Cement were the most traded stocks in terms of value. 22 stocks touched new 52- week high today at NSE. 166 stocks touched new 52 week low.