Cities

Stock Market Highlights: IT, Pharma Energy and Financial stocks pull Sensex and Nifty on Jan 15

Nifty ends beneath 14,450 and the Sensex dives nearly 550 factors, dragged by IT, Pharma Energy and Financial stocks.

At shut, the Sensex was down 549.49 factors or 1.11 per cent at 49,034.67 and the Nifty was down 161.90 factors or 1.11 per cent at 14,433.70.

About 1070 shares have superior, 1897 shares declined and 139 stay unchanged.

On the Nifty 50 index, Tata Motors (6.20 per cent), Bharti Airtel (3.81 per cent), UPL (2.58 per cent) and ITC (1.73 per cent) have been the highest gainers for the day, whereas Tech Mahindra (-4.30 per cent), GAIL (-3.82 per cent), HCL Tech (-3.69 per cent) and Wipro (-3.48 per cent) have been the highest losers for the day.

The BSE Smallcap and Midcap indices fell 1 per cent every.

On the sectoral entrance, all of the sectoral indices resulted in crimson led by Nifty IT, Nifty Pharma, Nifty Energy and Nifty Bank.

Author’s View: Nifty continues to see resistance at 14,600 stage and dives to 14,360 stage on intraday foundation. If Nifty closes beneath 14,360 stage then it could additional appropriate until 14,000 stage. On the upside, if Nifty closes above 14,600 then there could also be a continuation within the uptrend.

Disclaimer:  The view/s expressed above are just for instructional/consciousness goal. Mumbailive.com or the writer of the publish bears no legal responsibility for any losses suffered by following any recommendation posted on the web site. You are solely answerable for making your individual funding choices.

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