Market Recap: Indian equities witness volatility on January 20

In a volatile trading session on January 20, Indian equity benchmarks experienced fluctuations, ending the day on a lower note and erasing some gains from the previous session. The Sensex concluded at 71,425, marking a decline of 260 points or 0.36%, while the Nifty closed at 21,586, down 37 points or 0.17%. Notably, the market will be closed on January 22 in observance of the inauguration of the Ram temple in Ayodhya, declared a public holiday by the Maharashtra government, with the Centre observing a half-day.

On the Nifty index, the top losers included HUL, M&M, TCS, IndusInd Bank, and HCL Technologies, while the gainers comprised Coal India, Adani Ports, Adani Enterprises, Kotak Mahindra Bank, and ICICI Bank.

Advertisement

Examining the sectoral landscape, bank, metal, and power indices demonstrated positive movements, experiencing gains ranging from 0.5% to 1%. In contrast, FMCG, Information Technology, pharma, and realty sectors witnessed declines in the range of 0.4% to 1%.

The BSE midcap and small cap indices outperformed the benchmarks, registering gains of 0.4% each highlighting resilience of midcap and small cap stocks.