iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Markets in a free fall; Sensex tumbles 1,100 pts, Nifty below 17,550; Adani Group stocks drag

27 Jan 2023 , 02:47 PM

Indian markets were in a free fall in the second half of Friday’s trading session due to a broad-based selloff across sectoral indices. Sensex erased 60k-mark and has nosedived by more than 1,100 points. Nifty 50 has also scrapped over 17,550-level and dived by around 360 points. Both benchmarks have been corrected by 2% each.

Investors await major Q3 earnings. Also, this week's trading session will be influenced by the upcoming Union Budget announcement.

At around 2.00 pm, Sensex was trading at 59,061.84 down by 1143.22 points or 1.90%. The index has touched an intraday low of 59,016.43. 

Nifty 50 traded at 17,531.80 lower by 360.15 points or 2.01%. The index has touched an intraday low of 17,526.05.

Except pharma and auto index, all other sectoral indices were in the red with a downside ranging from 1-6%.

On NSE, the Banking index shed nearly 1,350 points, while the IT and Metal dipped nearly 370 points and 250 points. In percentage terms, the Oil & Gas index took the most beating with a drop of 6% or 500 points.

Top Gainers on Nifty were- Bajaj Auto (+5.5%), Tata Motors (+4.7%), Dr Reddy’s (+2.5%), ITC (+1.6%) and Cipla (0.86%).

Top Losers on Nifty were – Adani Ports, (-15%), Adani Enterprises (-14.6%), SBI (-5.4%), ICICI Bank (-4.3%) and ONGC contracting by 3.6%.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Markets Commentary
  • Markets live
  • Markets live news
  • Markets news
  • Markets updates
  • Nifty gainers
  • Nifty live
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp