NIFTY 5023,501.1
-65.90(-0.28%)
SENSEX77,209.9
-269.03(-0.35%)
NIFTY BANK51,661.45
-121.80(-0.24%)
NIFTY NEXT 5071,111.8
-520.40(-0.73%)
NIFTY 10024,555.5
-94.35(-0.38%)
NIFTY MIDCAP 5015,623.8
7.20(0.05%)
NIFTY SMLCAP 508,533.5
-8.20(-0.10%)
MIDCAP45,967.07
-119.46(-0.26%)
NIFTY MID SELECT12,164.8
25.75(0.21%)
CERA SANITARYWARE LTD9,090.3
794.85(9.58%)
RAILTEL CORP OF IND LTD476
41.55(9.56%)
BHARAT PETROLEUM CORP LT307.6
-318.65(-50.88%)
HINDUSTAN PETROLEUM CORP340.85
-182.95(-34.93%)
NIFTY 5023,501.1
-65.90(-0.28%)
SENSEX77,209.9
-269.03(-0.35%)
NIFTY BANK51,661.45
-121.80(-0.24%)
NIFTY NEXT 5071,111.8
-520.40(-0.73%)
NIFTY 10024,555.5
-94.35(-0.38%)
NIFTY MIDCAP 5015,623.8
7.20(0.05%)
NIFTY SMLCAP 508,533.5
-8.20(-0.10%)
MIDCAP45,967.07
-119.46(-0.26%)
NIFTY MID SELECT12,164.8
25.75(0.21%)
CERA SANITARYWARE LTD9,090.3
794.85(9.58%)
RAILTEL CORP OF IND LTD476
41.55(9.56%)
BHARAT PETROLEUM CORP LT307.6
-318.65(-50.88%)
HINDUSTAN PETROLEUM CORP340.85
-182.95(-34.93%)

Market Movers

Today's Gainers
Today's Losers
NameLastChg.%Vol.
CERA SANITARYWARE LTD
9,090.30
+9.58%
794.85M
RAILTEL CORP OF IND LTD
476.00
+9.56%
41.55M
ASTER DM HEALTHCARE LTD.
367.55
+3.17%
11.30M
TITAGARH RAIL SYSTEMS LTD
1,582.70
+5.86%
87.60M
RAIL VIKAS NIGAM LIMITED
409.75
+5.80%
22.45M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
61.53
+0.82%
0.50M
NIP IND ETF PSU BANK BEES
82.52
-0.77%
-0.64M
CPSE ETF
93.18
-0.48%
-0.45M
NIP IND ETF IT
37.58
+0.86%
0.32M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
HESTER BIOSCIENCES LTD
2,494.00
+20.00%
415.65M
KAVERI SEED CO. LTD.
961.35
-5.30%
-53.80M
AXIS BANK LIMITED
1,237.45
-0.17%
-2.05M
MIC ELECTRONICS LTD
64.45
+4.98%
3.06M
NOCIL LIMITED
291.75
-5.55%
-17.15M
return to news
  1. Indian markets trade lower, dragged down by weakness in finance stocks

Market News

Indian markets trade lower, dragged down by weakness in finance stocks

Author

1 min read | Updated on January 30, 2024, 12:15 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The markets are weighed down by financials after Bajaj Finance's asset quality worsened in the December quarter.

analysis-4937349_1280.jpg

The blue-chip NSE Nifty 50 index was down 0.11% and the S&P BSE Sensex fell 0.3%.

Bengaluru, 30 January: Indian shares fell on Tuesday, following a sharp surge in the previous session, weighed down by financials after Bajaj Finance's asset quality worsened in the December quarter.

The blue-chip NSE Nifty 50 index was down 0.11% and the S&P BSE Sensex fell 0.3%.

Meanwhile, the Indian government is due to announce the federal budget on Thursday.

The highest weighted of the 13 major sectors, financial services dropped 0.4%.

Bajaj Finance lost about 5% to hit a five-month low and was the top Nifty 50 loser. The company posted a smaller-than-expected rise in quarterly profit, while its asset quality deteriorated. Experts said that given the asset quality deterioration, credit cost is likely to remain elevated in the near term.

Information technology stocks are up 0.8% ahead of U.S. Federal Reserve rate decision and commentary, due on Wednesday.

The Fed commentary will provide cues into rate trajectory, and influence U.S. Treasury yields and foreign investor strategy.

Oil and gas index gained 1.5%, led by 3% rise Bharat Petroleum Corporation. The state-run oil marketing company reported higher-than-expected December quarter profit, helped by strong refining and marketing margins, during market hours on Monday, triggering a 3.85% jump.

(Inputs from Reuters)

About The Authors

Upstox News Desk
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance. The desk writes news articles, analyses and explainers on IPOs, earnings, fundraises, stocks movements, benchmark indices, gold rates, crude prices, financial regulations, GDP growth, inflation trends, and much more.

Next Story