Domestic indices opened flat on Friday and slipped into negative territory. The BSE Sensex was trading below 60,800 and the Nifty below 18,100. The 30-share BSE benchmark fell 109.39 points or 0.18% to 60,749.04 and Nifty 50 dropped 8.10 pts or 0.04% to 18,099.75. The top gainers of Sensex were IndusInd Bank (up 1.17%), Power Grid (up 1.06%), State Bank of India (up 0.91%), HDFC Bank (up 0.91%) and HDFC (up 0.86%) while Hindustan Unilever (HUL) (down 2.84%), Sun Pharma (down 1.73%), Asian Paints (down 1.20%), Nestle India (down 1.20%) and Titan (down 0.94%).
HUL shares, Asian Paints stock in focus today
Hindustan Unilever Ltd (HUL) shares fell more than 3% on Friday to Rs 2,550 on NSE on profit-booking after the company’s Q3 results beat street estimates. HUL’s net profit for the quarter ended 31 December 2022 increased to Rs 2,505 crore, up 12% from Rs 2,243 crore reported in the year-ago period. Meanwhile, Asian Paints
The sectoral indices were trading mixed. Bank Nifty
Asian and US stock markets
China’s Shanghai Composite index rose 20.63 points or 0.64% to 3,260.91, Japan’s Nikkei 225 jumped 35.35 pts or 0.13% to 26,440.48 and Hong Kong’s Hang Seng advanced 217.44 pts or 1% to 21,868.42 on Friday. The stock indices in the United States concluded Thursday’s session in red with the major indices falling over half a percent. The Dow Jones Industrial Average (DJIA) fell 252.40 pts or 0.76% to 33,044.56, S&P 500 dropped 30.01 pts or 0.76% to 3,898.85 and the tech-heavy Nasdaq plunged 104.74 or 0.96% to 10,852.27.
FII and DII data
Foreign institutional investors (FII) bought shares worth a net Rs 399.98 crore while domestic institutional investors (DII) sold shares worth a net Rs 128.96 crore on Thursday, January 19, 2023, according to the data available on NSE.
NSE F&O Ban