Market Update

Market Update 18 Jan 2022

A penny saved will remain penny if you don’t re-invest it.

Weakness in US futures drive Sensex, Nifty lower.  Late selling drags Sensex 554 points lower; Nifty barely holds above 18,100; Maruti, UltraTech tank 4% each

The benchmark indices opened higher on Tuesday but soon slipped into the red, led by selling in shares of Maruti Suzuki, Reliance Industries and UltraTech Cement, among others.

Surge in oil prices and FIIs again turning sellers are acting as headwinds for the market. Analysts further believe the market is moving from growth to value and quality value stocks will be safe bets during the volatile times.

IndexClosing (+) (-)
BSE60755– 554
NIFTY18113– 195
NIFTY Midcap 10031381– 2.06 %
NIFTY Smallcap 10011687– 2.45 %
NIFTY Bank38210– 0.02 %
NIFTY IT38092– 1.84 %
NIFTY Pharma13698– 1.19 %
NIFTY Auto11599– 2.38 %
USD / INR74.58

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