MARKETS: Sensex falls 400 points, Nifty below 18,200; Banks, IT stocks drag

Stock market LIVE: The SGX Nifty futures were seen quoting 18,225 level, about 60 points lower than Nifty's spot close on Thursday.

Topics
MARKET LIVE | Markets | Nifty

SI Reporter  |  New Delhi 

Opening Bell

LIVE market updates: The benchmark indices started on lower on Friday, mirroring their global peers amid a weak market sentiment. The BSE Sensex was down 400 points at 60,837, and the NSE Nifty was at 18,143, lower by 114 points. .

In the broader market, the BSE MidCap and SmallCap indices were also in red and were down 0.3 and 0.4 per cent, respectively.
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Among the Sensex-30 constituents,Titan, L&T, Nestle and Ultratech Cement were the only players in the positive territory. HDFC, Asian Paints, HCL Tech, Wipro, Axis Bank, IndusInd Bank and ICICI Bank, meanwhile, were among the top losers.
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Pre-open session

LIVE market updates: The benchmark indices were largely weak in pre-open trades. The BSE Sensex was 102 points lower at 61,132 and the NSE Nifty was lower by 108 points at 18,149.

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LIVE market updates: Amid weak global cues, the benchmark indices are likely to open on a muted note on Friday. The SGX Nifty futures were seen quoting 18,225 level, about 60 points lower than Nifty's spot close on Thursday.

The market action is expected to be largely stock specific given the earnings season. IT major HCL Technology will be announcing its Q3 results.

On the macro-front, India will also be announcing WPI-based inflation data at noon today.

Further among stocks, HDFC Bank, Onward Technologies, Tinplate Company of India, and Metro Brands will be in focus ahead of December quarter earnings announcements on Friday and Saturday.

Global cues

The US markets fell on Thursday led by the tech-laced benchmark Nasdaq amid talks of a likely interest rate hike in March by Fed officials. The Dow Jones slipped 0.5 per cent. The S&P 500 shed 1.4 per cent, and Nasdaq dropped 2.5 per cent.

Meanwhile, oil prices cooled-off a wee bit on account of profit-taking following the recent sharp surge. Brent Crude was down 0.2 per cent at $84.47 a barrel, and WTI Crude slipped 0.6 per cent to $82.12 a barrel.

The major Asian markets were trading with significant losses this morning. Japan’s Nikkei had plunged 1.7 per cent, and Kospi too had slipped over a per cent. Hang Seng and Shanghai Composite had declined around a per cent each. Taiwan was down 0.6 per cent. Straits Times, however, had moved 0.5 per cent higher.

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First Published: Fri, January 14 2022. 08:23 IST
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