Nifty ends three-day losing streak

Published 19-01-2024, 10:43 pm
© Reuters.  Nifty ends three-day losing streak

New Delhi, Jan 19 (IANS) Nifty ended its three-day losing streak as the global market took a breather. The index closed with gains of 160 points (+0.8 per cent) at 21,622, Siddhartha Khemka, Head - Retail Research, Motilal Oswal (NS:MOFS) Financial Services, said.All sectors ended in the green. Buying was seen in Oil & Gas, Metals and Financials.

Investors will track the results of key index heavyweights like Reliance (NS:RELI), HUL, ICICI Bank (NS:ICBK), and Kotak Bank which will be released over the weekend, he said.

Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said Nifty close on positive note while most of the sectors closed in the green today.

Nifty Oil & Gas and Nifty Infra were up by 1.66 per cent and 1.61 per cent, respectively.

Robust numbers reported by companies fuelled optimism in the market.

Adani Ports, IndusInd Bank (NS:INBK), HDFC Bank (NS:HDBK), Kotak Mahindra Bank (NS:KTKM), Divis Lab, and ONGC (NS:ONGC) were among the top Nifty gainers, while NTPC (NS:NTPC), Tech Mahindra (NS:TEML), Bharti Airtel (NS:BRTI), and SBI Life Insurance (NS:SBIL) were among the losers.

--IANS

biz/san/pgh

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.