Volatility Grips Dalal Street, Nifty Slips Below 21,500

18 Jan 2024 , 03:37 PM

In a session marked by high volatility, the Indian benchmark indices concluded on a downward note, with the Nifty falling below 21,500.

At the close, the Sensex recorded a decline of 313.90 points, or 0.44%, closing at 71,186.86. The Nifty, on the other hand, experienced a drop of 109.70 points, or 0.51%, settling at 21,462.30. Of the total shares traded, 1481 witnessed an advance, 1737 faced a decline, and 70 remained unchanged.

On the Nifty, prominent losers included LTIMindtree, HDFC Bank, NTPC, Titan Company, and Asian Paints. In contrast, Sun Pharma, Cipla, Tech Mahindra, Tata Motors, and Axis Bank emerged as top gainers.

Among the sectors, banking, FMCG, IT, metal, and power witnessed declines ranging from 0.3-1%, while auto, capital goods, healthcare, oil & gas, and realty saw gains ranging from 0.3-0.7%.

The BSE midcap and smallcap indices concluded the session on a relatively flat note.