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MARKET LIVE: Sensex down 550 pts amid volatility; L&T, HUL decline 3%

by Index Investing News
January 30, 2023
in Financial
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Stock market LIVE updates: The key benchmark indices exhibited high volatility amid alternate bouts of buying and selling ahead of the Union Budget on Wednesday.


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Stock market LIVE updates: The key benchmark indices exhibited high volatility amid alternate bouts of buying and selling ahead of the Union Budget on Wednesday.

The S&P BSE Sensex staged a near 950-point recovery in early deals, from a low of 58,707 to a high of 59,644. The BSE index, thereafter, has slipped back into the negative zone and was down 300 odd points. The NSE Nifty 50 was seen testing the 17,500-level.

 

In the broader market, the BSE MidCap and SmallCap indices declined up to 0.5 per cent. Meanwhile, among sectors, the Nifty Metal index was the top NSE gainer, up 1 per cent; while the Nifty Oil and Gas index was the top NSE loser, down 4 per cent. 

Bajaj Finance was the top Sensex winner, up 5 per cent on its firm Q3 result. Read here


Adani Enterprises was sharply off its 10 per cent upper circuit level hit in early trade following the group’s detailed 413 page rebuttal to allegations made by Hindenburg Research. At 11:40 am, the stock was up merely 2 per cent. 

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