Market Wrap, Jan 13: NIFTY50 ends at 25,732, SENSEX dips 250 points, 175 stocks touch 52-week low; Trent, L&T top laggards

The Indian stock market ended lower on Tuesday, January 13, despite the benchmark equity indices making a sharp recovery in the second half of the session. Losses in consumer durables stocks and persistent foreign fund outflows weighed on sentiment, leading to a weak close.

During the intraday period, both the SENSEX and NIFTY50 touched lows of 83,262.79 and 25,603.30, respectively.

The broader market, however, ended mixed, with small-cap stocks outperforming on Tuesday.

According to exchange data, on Monday, the foreign institutional investors (FIIs) sold shares worth ₹3,638.40 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,839.32 crore on a net basis.

On the global front, most of the Asian markets closed higher on Tuesday, led by a rally in Japan after the US markets hit more records. 

Japan's Nikkei soared 3.17%, South Korea's KOSPI gained 1.45%, and Hong Kong's Hang Seng ended 0.77% higher, while China's Shanghai Composite closed down 0.64%.

The ​S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart ‌gaining, as investors mostly brushed aside concerns about the US Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell, news agency Reuters reported.

The Dow Jones Industrial Average rose 0.17%, the S&P 500 gained 0.16%, and the tech-heavy Nasdaq Composite advanced 0.26% to 23,733.90.

Here are the key developments of Tuesday’s session that you need to know

As many as 3,248 stocks traded on the NSE on Tuesday. Out of this, 1,586 advanced and 1,542 declined, while 120 scrips remained unchanged.

This indicates that the market's breadth is favourable towards advances.

A total of 59 stocks hit their 52-week highs, while 175 stocks touched their one-year lows. Besides, 60 stocks hit their upper circuit limits, and 71 touched their lower circuit bands on Tuesday.

The market capitalisation of NSE-listed companies stood at ₹465.77 lakh crore by the end of the session.

The volatility index India VIX slipped 1.49% to close at 11.20 levels.

The Nifty Midcap 100 index ended at 59,597.80 levels, falling 0.2%, while the Nifty Smallcap 100 gauge settled 0.6% higher at 17,295.80 levels.

Manappuram Finance (12.8%), Radico Khaitan (3.75%) and Navin Fluorine International (3.4%) led to the rally in the small-cap index.

Among sectors, Nifty Consumer Durables was the biggest loser, declining 0.89%, followed by Nifty Realty (-0.62%), Nifty Pharma (-0.47%), Nifty Auto (-0.35%) and Nifty Oil & Gas (-0.34%).

On the contrary, Nifty PSU Bank (0.78%), Nifty Media (0.76%), Nifty IT (0.65%), Nifty Metal (0.35%) and Nifty Private Bank (0.03%) were the only gainers.

On Tuesday, 32 stocks declined on the NIFTY50 index, while 18 settled in green.

Trent was the biggest laggard, slumping 3.71%, followed by Larsen & Toubro (-3.21%), Dr Reddy's Laboratories (-2.27%), IndiGo (-1.99%) and Reliance Industries (-1.77%).

On the flip side, ONGC (3.3%), Eternal (3.16%), ICICI Bank (1.66%), Hindalco Industries (1.61%) and Max Healthcare (1.6%) were the top gaining stocks on the 50-share index.