Market closes in the red; IT and Financials drag

CNBC TV18 By Priyanka Deshpande Published Jan 2, 2024

[{"selector":"#anim-5bd5bdb3-117e-4a79-b150-67597accd073","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4779d0f4-4aef-417d-b38b-bbffdc641ffc","keyframes":{"transform":["translate3d(0px, 256.53020%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market closes in the red but off lows, Nifty holds 21,600

[{"selector":"#anim-558ed099-58e1-4672-b44a-3b24cb767f65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a061e97d-67c3-4e6f-86ad-66f212a78460","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 228.46010%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex falls 379 points to 71,892 & Nifty 82 points to 21,660

[{"selector":"#anim-9f98def9-c27d-4636-ab9e-c5c7ffe6d327","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-357835e3-6f97-40c6-a767-9a4daf759943","keyframes":{"transform":["translate3d(0px, 171.03628%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank slips 521 points to 47,713 & Midcap Index 73 points to 46,400

[{"selector":"#anim-924572a1-0229-47b6-9717-8256ae71b919","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb3c9768-d8d7-41bb-80ae-b497fd87755b","keyframes":{"transform":["translate3d(0px, 169.91270%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Pharma stocks see buying amid market volatility, Nifty Pharma at record high

[{"selector":"#anim-cd81d204-809e-4e9c-bf6f-4157b807c947","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58b96724-2457-43ee-9e94-53920cf4373a","keyframes":{"transform":["translate3d(0px, 171.03628%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4 of top 6 Nifty gainers are pharma names (Sun, Divi’s, Cipla & DRL)

[{"selector":"#anim-c7715286-3462-498c-839a-5075e247d285","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59f81611-fadb-46da-bb71-797a83fa3f10","keyframes":{"transform":["translate3d(0px, 164.29466%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Reliance continues to support market while IT & Financials drag

[{"selector":"#anim-57e58ab3-b91b-43b5-a9b5-8108341141f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-489d8dcf-b4b7-4f0d-a670-20d47fad266a","keyframes":{"transform":["translate3d(0px, 165.41831%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Coal India extends gains on healthy business updates, rises 3%

[{"selector":"#anim-b340a58c-b107-4735-999b-08f0c2b81642","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40212b94-ebd1-4207-ac92-9267d4fc8279","keyframes":{"transform":["translate3d(0px, 174.40708%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani Ports surges as company raises FY24 volume guidance to 400 mt

[{"selector":"#anim-11c51efb-bea3-49bb-967e-21deee1d3967","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c2c77dd-5759-474e-a1be-77b63b2eb4e4","keyframes":{"transform":["translate3d(0px, 185.64302%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Autos slide after a disappointing monthly sales, Eicher, M&M, AL top losers

[{"selector":"#anim-715a7fd5-976d-4715-b0dd-36bf9bfad66e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a88371e-0fbf-489f-ba0f-f68ffbc9e9cd","keyframes":{"transform":["translate3d(0px, 174.40708%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] UltraTech falls more than 2% as Q3 volumes come below expectations

[{"selector":"#anim-8b839529-2a99-462a-97c1-965f0b3c8fba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f750135e-bbe9-400c-a8ce-f7dbc42fb2f0","keyframes":{"transform":["translate3d(0px, 237.32839%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Motilal Oswal picks Lemon Tree as top pick for 2024, stock up 10% Read More

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[{"selector":"#anim-9bcd59ef-0dd1-467c-a2a2-c70f18dbf831","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Read More