NIFTY50 and SENSEX trade in deep red; Infosys, Tech Mahindra, Wipro and HCL Tech among top laggards

A lacklustre trade continued over Dalal Street in early afternoon deals, with Sensex and Nifty falling around 1%. This was due to heavy selling in almost all sectors except banking and negative cues from global markets. The FIIs continued their relentless selling in equity markets. However, they have covered shorts from derivative markets.

The index breadth was largely in favour of declines as 2500 stocks traded in the red out of 2,855 stocks traded on the NSE. 425 stocks hit 52 week low as against 16 stocks which hit 52 week high.

Cement producer ACC Ltd reported a 103% surge in its consolidated net profit to ₹1091.73 crore in the three-month period ended December 2024, the company said in an exchange filing on Monday, January 27.

The Sensex traded at 75480.81, down by 709.65 points or 0.93% after trading between 75348.06 and 75925.72. Seven stocks advanced on the index, while 23 stocks declined.

The broader indices were trading in red; the BSE mid-cap index plunged by 2.54%, while the small-cap index was down by 3.57%.

The traded at 22866.30, down by 225.90 points or 0.98% after trading in a range of 22826.85 and 23007.45. Nine stocks advanced, while 41 stocks declined on the index.

Asian markets were trading mostly in red; Shanghai Composite weakened 2.03 points or 0.06% to 3,250.60, Straits Times fell 7.37 points or 0.19% to 3,796.89 and Nikkei 225 slipped 366.18 points or 0.93% to 39,565.80, while Hang Seng advanced 155.87 points or 0.78% to 20,222.06.