Market Wrap, Jan 5: NIFTY50 ends below 26,300, SENSEX falls 322 pts dragged by IT stocks; 129 stocks touch 52-week high, HDFC Bank top loser

Market investors were also cautious following the Venezuela conflict after the US captured its president, Nicolás Maduro, with Donald Trump vowing to "run the country" until there is a "proper" transition of power.

Led by strong gains in Eicher Motors and Maruti Suzuki, Nifty Auto scaled a new record high of 29,179.10 on Monday. The realty stocks also rallied led by Sobha Limited, which surged over 6%, following its December quarter business updates.

Heavyweights like Reliance Industries, Nestle India, Eicher Motors, State Bank of India and more touched their one-year high levels.

According to exchange data, on Friday, the foreign institutional investors (FIIs) purchased shares worth ₹289.80 crore, while the domestic institutional investors (DIIs) bought equities worth ₹677.38 crore on a net basis.

Globally, most of the Asian markets closed higher as investors shrugged off consequences of US military action in Venezuela. Japan's Nikkei rose 3.22%, Hong Kong's Hang Seng remained flat, China's Shanghai Composite gained 1.36%, while South Korea's KOSPI closed 3.32% higher.

On Wall Street, the main indices eked out small gains on Friday in a wobbly day of trading to kick off the new year.

The Dow Jones Industrial Average advanced 0.66%, and the S&P 500 rose 0.2%, while the tech-heavy Nasdaq slipped 0.03%.

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

As many as 3,258 stocks traded on the NSE on Monday. Out of this, only 1,208 advanced, and 1,943 declined, while 107 scrips remained unchanged.

This indicated that the market breadth was in favour of declines.

A total of 129 stocks hit their 52-week highs, while 85 stocks touched their one-year lows. Besides, 65 stocks hit their upper circuit limits, and 81 touched their lower circuit bands on Monday.

The market capitalisation of NSE-listed companies stood at ₹478.47 lakh crore by the end of the session.

The volatility index India VIX zoomed 6.05% to end at 10.02 levels.

The broader markets also ended mixed, with the Nifty Smallcap 100 index rising 0.53% to close at 17,926.40, while the Nifty Midcap 100 index ended at 61,265.70, losing 0.16%.

Nifty IT took the lead among sectoral laggards, slumping 1.43%, while Nifty Oil and Gas (-1.02%), Nifty Pharma (-0.21%), and Nifty Private Bank (-0.06%) were the other losers.

Meanwhile, Nifty Realty led the gainers’ pack, surging 2.07%, followed by Nifty Consumer Durables (1.12%), Nifty FMCG (0.68%), Nifty Media (0.62%) and Nifty Metal (-0.6%). 

As many as 27 stocks on the NIFTY50 index declined on Monday, while 23 closed in green.

HDFC Bank was the biggest losing stock, falling 2.31%, followed by Wipro (-2.23%), Infosys (-2.21%), HCL Technologies (-2.15%) and ONGC (-1.41%).

On the flip side, Nestle India (2.76%), Bharat Electronics (2.53%), Eicher Motors (2.17%), Hindustan Unilever (1.6%) and Tata Steel (1.56%) were the biggest gainers on the 50-share index.