Among broader markets, BSE Midcap index fell 1.09% while BSE Smallcap index slipped 0.74%

Benchmark indices continued trading under pressure volatility as investors remained cautious ahead of inauguration speech of  Donald Trump as US President and after disappointing Axis Bank’s earnings.

Broader sentiment was also subdued even after China’s fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

Nifty 50 breached its 8,400 level dragged by Axis Bank, ONGC, Tata Steel and Bharti Infratel while BSE Sensex fell as much as 225 points at intra-day.
At 1:37 pm, the S&P BSE Sensex was trading at 27,069, down 239 points, while the broader Nifty50 was ruling at 8,362, down 72
points.

Among broader markets, BSE Midcap index fell 1.09% while BSE Smallcap index fell 0.74%. The market breadth remained negative with 1615 declines versus 881 advances. 174 shares remained unchanged.

Bharti Airtel, Asian Paints, ITC and Bajaj Auto were the top gainers while Axis Bank, Tata Steel, ONGC, ICICI Bank and NTPC were the biggest laggards in the Sensex.   In global markets, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2%, and looked set to end the week 0.1% lower.
Source: business-standard.com