Domestic equity indices extended the previous session’s losses with NSE Nifty 50 trading below 17,800 and BSE Sensex below 59,700. The 30-share BSE benchmark fell 221.58 pts or 0.35% to 59,736.45 and NSE Nifty 50 dropped 0.33% to 17,799.30. The top gainers of the Sensex were Tata Steel, NTPC, IndusInd Bank, Mahindra & Mahindra and Power Grid while HCL Tech, Larsen & Toubro, Wipro, Tech Mahindra and Sun Pharma were the top losers.
Sectoral Indices
In the sectoral indices, Nifty Bank was down 0.12%, Nifty IT fell 1.38%, Nifty Pharma was down 0.34% while Nifty PSU Bank was up 1.14%. The volatility index India VIX was up 0.06%.
Asian and US stock markets
China’s Shanghai composite index rose 17.64 points or 0.56% to 3,181.09 on Friday, Hong Kong’s Hang Seng climbed 35.32 points or 0.16% to 21,549.42 and Japan’s Nikkei 225 fell 272.86 points or 1.03% to 26,176.96. US stock indices on Thursday ended in the green. The Dow Jones Industrial Average (DJIA) rose 216.96 pts or 0.64% to 34,189.97, the tech-heavy Nasdaq climbed 69.43 pts or 0.64% to 11,001.10 and S&P 500 advanced 13.56 pts or 0.34% to 3,983.17.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 1662.63 crore while domestic institutional investors (DII) bought shares worth a net Rs 2127.65 crore on Thursday, January 12, 2023, according to the data available on NSE.
NSE F&O Ban
The National Stock Exchange has put Indiabulls Housing Finance and GNFC stocks under its F&O ban list for Friday, 13 January. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in these stocks.