Sensex, Nifty End Lower For Fifth Day; Nifty Bank Outperforms

Indian equities ended lower for the fifth straight day, even as benchmark indices ended off the lowest point of the day, courtesy a recovery in private banks during the final minutes of the January F&O expiry.

The S&P BSE Sensex ended 1.1% lower at 46,874, shedding another 535 points to the over 2,700 points already shed over the last four sessions. However, the index ended over 350 points higher than the day's low of 46,518.

The NSE Nifty 50 too ended 104 points higher than the day's low of 13,713. The index bounced from its 50-Day Moving Average Support to end 1.07% lower at 13,817.

Among the sectoral indices, the Nifty Bank recovered over 700 points from the day's low of 29,687 to end above the mark of 30,000. The index ended 0.2% higher at 30,358. The recovery was led by Axis Bank, State Bank of India and ICICI Bank. HDFC Bank also ended off the day's low but was among the top laggards on the index.

The Nifty I.T. index was the top sectoral laggard in today's session along with the Nifty Realty index, both ending 2.2% lower while the FMCG index declined 1.9%, courtesy losses in Hindustan Unilever and United Spirits. The PSU Bank index fell 1.8% while the Auto index saw cuts of 1% in today's session.

Broader markets ended lower but the losses were modest as compared to the benchmark indices. The Nifty Midcap index fell 0.6% while the Smallcap index posted losses of 0.7%.

The India Volatility Index ended little changed at 24.3.

973 stocks on the NSE ended with gains while 894 stocks declined.

• Benchmark indices set for fifth day of losses
• Nifty down 1.3% at 13,788
• Sensex down 1.3% at 46,779
• Nifty Bank down 1.1% at 29,958
• Nifty Midcap index down 0.9%
• Nifty Smallcap index down 0.9%
• India Volatility Index up 0.9% to 24.6
• Nifty PSU Bank and Nifty Realty index remain top sectoral laggards; down 2.5% each
• Nifty I.T. down 1.8% while FMCG index falls .6%
• Axis Bank remains the top Nifty gainer; up 4.3%
• HDFC Bank remains the top Nifty laggard; down 4%
• 35 out of the 50 Nifty constituents decline
• 925 stocks on the NSE decline while 897 trade with gains

• Benchmark indices decline for the fifth straight day
• Nifty down 0.9% at 13,839
• Sensex down 1% at 46,945
• Nifty Bank down 1% at 29,987
• Nifty Midcap index down 0.3%
• Nifty Smallcap index down 0.2%
• India Volatility Index down 1.2% to 24.1
• Nifty PSU Bank index remains the top sectoral laggard; down 2.5%
• Nifty Realty and Nifty I.T. index down 1.6% each
• Nifty Media index bucks the trend; trades with gains of 1%
• Axis Bank is the top Nifty gainer; up 4.3%
• HDFC Bank is the top Nifty laggard; down 4%
• 959 stocks on the NSE trade with gains while 806 stocks decline

• Benchmark indices decline for the fifth straight day
• Nifty down 0.7% at 13,874
• Sensex down 0.7% at 47,096
• Nifty Bank down 1% at 29,980
• Nifty Midcap index down 0.3%
• Nifty Smallcap index down 0.4%
• India Volatility Index down 1.1% to 24.1
• Nifty PSU Bank index is the top sectoral laggard; down 2.2%
• Nifty Pharma index down 1.2% while Nifty FMCG and Nifty I.T. index decline 1% each
• Nifty Media is the only sectoral gainer; up 0.8%
• Axis Bank is the top Nifty gainer; up 2%
• HDFC Bank is the top Nifty laggard; down 2.6%
• 901 stocks on the NSE decline while 816 trade with gains

Indian equities have opened lower for the fifth straight day on the January series F&O expiry. Benchmark indices are down to their lowest level in a month.

The S&P BSE Sensex opened 1.2% lower at 46,834 while the NSE Nifty 50 index fell 1.1% to open at 13,810. The Sensex has now fallen over 3,000 points from its all-time high while the Nifty is down close to 1,000 points.

All sectoral indices have opened lower as well. The Nifty Bank index was down over 450 points or 1.6% at the start of trade to open below the mark of 30,000. The Metal and PSU Bank index too fell 1.5% at the start of trade. The Auto index fell 1.4% while the Pharma index declined 1.3% in the early minutes of trade.

Broader markets too opened gap down. The Nifty Midcap index was down 1.4% while the Smallcap index, which outperformed on Wednesday, opened 1.1% lower.

1,238 stocks on the NSE have opened with losses while 373 are bucking the trend to trade with gains.

Good Morning!

Indian equities declined for the fourth straight session on Wednesday, the worst losing streak in three months. Foreign portfolio investors also sold equities for the third straight session—the first such instance in three months.

The S&P BSE Sensex has dropped close to 3,000 points from its all-time high, while the NSE Nifty 50 has declined 800 points.

Futures are indicating another gap-down opening for the markets on Thursday. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.7% to 13,931 as of 8:00 a.m.

HUL, Axis Bank, ICICI Prudential, JK Paper and United Spirits, among others, may react to their quarterly results reported after market hours on Wednesday.

Maruti Suzuki India is the only Nifty 50 company that will announce results on Thursday, along with broader market stocks such as Aarti Industries, Bharat Electronics, Colgate-Palmolive, Coforge, Interglobe Aviation, Lupin, M&M Financial, RBL Bank, TVS Motor and Laurus Labs, among others.

See the entire list here.

Shares in Hong Kong and Australia are witnessing majority of the losses across the Asia Pacific this morning.

Futures on the Dow Jones are trading 60 points higher. The index fell 2% on Wednesday. West Texas Intermediate crude fell 0.5% to $52.57 per barrel, while gold fell 0.4% to $1,837.6/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.