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HomeBusinessSensex Falls 581 Points, Nifty Ends Below 17,200

Sensex Falls 581 Points, Nifty Ends Below 17,200

Benchmark indices ended lower with Nifty below 17,200 in the highly volatile session on January 27 after Federal Reserve in its policy outcome indicated interest rates hike in the near future.

At close, the Sensex was down 581.21 points or 1% at 57,276.94, and the Nifty down 167.80 points or 0.97% at 17,110.20. About 1447 shares have advanced, 1832 shares declined, and 90 shares are unchanged.

HCL Technologies, Tech Mahindra, Dr Reddy’s Laboratories, TCS and Wipro were the top Nifty losers, while gainers included Axis Bank, SBI, Maruti Suzuki, Cipla and Kotak Mahindra Bank.

Among sectors, PSU bank index was up 5 percent, while auto and bank indices rose 0.3-1 percent. However, FMCG, realty, pharma, and IT indices shed 1-3 percent. BSE midcap and smallcap indices fell 0.8-1.2 percent.

Laurus Labs has reported 43.2 percent fall in its Q3 net profit at Rs 155 crore against Rs 273 crore and revenue was down 20.1% at Rs 1,028.8 crore versus Rs 1,288.4 crore, YoY.

Laurus Labs was quoting at Rs 460.40, down Rs 14.25, or 3 percent on the BSE.

Wockhardt has posted net loss at Rs 6.8 crore in the quarter ended December 2021 against profit of Rs 15.2 crore in a year ago period.

Revenue of the company was up 11.8% at Rs 854 crore versus Rs 764 crore, YoY.

Wockhardt touched a 52-week low of Rs 379.80 and was quoting at Rs 394.45, down Rs 1.45, or 0.37 percent.

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