Markets Wrap – Tue, 10 Jan‘23: Stocks fall, rupee gains; Asia, Europe markets, Gold, Crude, Crypto updates Domestic equity indices concluded Tuesday’s session in the red territory with Sensex settling below 60,200 and Nifty below 17,950. Adani Enterprises, Bharti Airtel, Eicher Motors, Adani Ports and SBI were among the top losers on the Nifty, while Tata Motors, Hindalco Industries, Apollo Hospitals, Power Grid Corp and Divis Labs were the gainers. Sectorally, PSU Bank index fell over 2%, while Nifty Bank and Infra indices declined 1% each. In the broader market, the BSE midcap and smallcap indices fell 0.5% each.Indian stock market BSE Sensex fell 631.83 pts or 1.04% to close at 60,115.48, and NSE Nifty 50 was down 187 points or 1.03% at 17,914.20. Among individual stocks, TCS shares dropped over 2% on mixed December quarter results, while Tata Motors’ shares surged over 6% as the retail sales of automaker Jaguar Land Rover rose 5.9% on-year in Q3FY23. England’s FTSE100 was trading at 7,707, down 17 pts or 0.23% at 04:00 PM (IST). The pan-European Stoxx 600 was down 2.58 points or 0.058% at 445.75. France’s CAC was trading 36.26 points or 0.52% lower at 6,870.31. Germany’s DAX was down 81.73 points or 0.56% at 14710.5. The Dow Jones Industrial Average (DJIA) fell 112.96 points or 0.34% to 33,517.65, the S&P 500 lost 2.99 points, or 0.08 percent, to 3,892.09 and the Nasdaq Composite added 66.36 points, or 0.63 percent, to 10,635.65 on Monday. Indian rupee closed 58 paise higher at 81.78 per dollar against previous close of 82.36. Gold futures on the multi-commodity exchange for February delivery were trading at 55864 down 114 points or 0.20% while Silver futures for March delivery were down 568 points or 0.82% at 68900. WTI Crude futures for February delivery were up 0.36% at $74.9 while Brent Crude futures for March delivery were trading 0.14% higher at $79.76 at 3:45 PM (IST). Bitcoin (BTC) at 3:45 PM (IST) was trading at $17,262, up by 0.25% in the last 24 hours. Its total market cap is $332,457,451,544. Ethereum (ETH) is trading at $1,332, up by 0.88% in the last 24 hours. It has a total market cap of $$162,916,802,556.
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.