The domestic stock market started trading with a sharp fall on Monday. BSE Sensex was seen trading at the level of 83,094.56 with a huge fall of 475.79 points at 9.16 am. Similarly, NSE Nifty also fell by 138.90 percent to the level of 25,555.45. InterGlobe Aviation, Tech Mahindra, Axis Bank, HUL, Kotak Mahindra Bank were the major gainers on Nifty during early trade, while ICICI Bank, TMPV, Reliance Industries, Cipla, L&T were the losers.
On January 19, investors will have a special eye on stocks like Reliance Industries, HDFC Bank, ICICI Bank, Wipro, Tech Mahindra, IDBI Bank, Yes Bank, RBL Bank, UCO Bank, Indosolar, JB Chemicals and Pharmaceuticals, Bajaj Healthcare and Bharat Coking Coal.
All sectoral indices in red
Selling pressure was seen in the stock market today and all the sectoral indices are trading in the red. A decline of about 1% was recorded in IT, media and realty sectors. InterGlobe Aviation, Tech Mahindra, Axis Bank, HUL and Bajaj Finance were among the major gainers on Nifty. At the same time, the names of falling stocks were ICICI Bank, TMPV, Reliance Industries, Wipro and Max Healthcare.
Weakness in midcap and smallcap indices also
Talking about the broader market, Nifty Midcap and Smallcap indices also showed weakness and both slipped by about 0.5%. If we look at the sectoral performance, apart from IT, media and realty, there was pressure in other major sectors as well, due to which the overall market sentiment appeared weak. Investors are currently adopting a cautious approach and waiting for further signals.
Initial performance of companies included in BSE Sensex on Monday.
Rupee rises by 12 paise at 90.66
In early trade, the rupee rose by 12 paise to 90.66 against the US dollar. The rupee recovered from lows to trade 12 paise higher at 90.66 against the US dollar in early trade on Monday, as the greenback weakened against key foreign rivals. However, forex analysts said steady outflow of foreign funds from domestic equity markets and higher crude oil prices overseas kept investors cautious amid the volatile geopolitical situation. At the Interbank Foreign Exchange, the rupee opened at 90.68 and the US currency. It further rose to trade at 90.66 against the US dollar, up 12 paise from its previous close. On Friday, the rupee fell 44 paise to close at its lowest level of 90.78 against the US dollar, after falling 17 paise in the previous two sessions.
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