Sensex, Nifty Slide on Mixed Cues: Financials, IT Drag Down Sentiment

25 Jan 2024 , 03:53 PM

On January 25, benchmark indices, the Sensex and the Nifty, faced a downturn influenced by mixed global cues.

At the closing bell, the Sensex recorded a decline of 359.64 points, equivalent to 0.51%, settling at 70,700.67. Simultaneously, the Nifty experienced a decrease of 75.80 points or 0.35%, closing at 21,378.20. The market activity revealed 1811 advancing shares, 1422 declining shares, and 56 shares maintaining an unchanged status.

Among the top gainers on the Nifty were Bajaj Auto, Adani Ports, Coal India, NTPC, and IndusInd Bank. Conversely, the top losers included Tech Mahindra, Cipla, LTIMindtree, SBI Life Insurance, and Bharti Airtel.

While the midcap indices showed corrections parallel to the benchmarks, the smallcap indices outperformed, with Nifty Smallcap concluding higher by 0.5%. In the sectoral landscape, all indices, except Nifty Realty, witnessed a decline. Notably, financial services, pharma, bank, IT, FMCG, and healthcare indices all closed lower by over 1%.