Stock Market Today: Sensex, Nifty Marginally Lower As I.T., PSU Banks Offset Losses; FPIs Remain Net Sellers
Live updates on India's equity markets on Jan. 16.

- Oldest First
FPIs Remain Net Sellers
Overseas investors remained net sellers of Indian equities for the 17th day in a row on Monday.
Foreign portfolio investors offloaded Indian stocks worth Rs 750.59 crore, according to data from the National Stock Exchange
Domestic institutional investors remained net buyers for the seventh day in a row and mopped up stocks worth Rs 685.96 crore, after snapping out of a 21-day buying streak on Jan. 5.
Foreign institutions net bought Rs 14,398.8 crore worth of Indian equities in December, but have remained net sellers of Rs 18,169.67 crore of Indian stocks so far in 2023.
Yield On The 10-Year Bond Rises
The yield on the 10-year bond closed higher at 7.33% on Monday. It closed at 7.30% on Friday.
Source: Bloomberg
Rupee Weakens Against The U.S. Dollar
The local currency weakened for the first time in six sessions, as it depreciated by 28 paise to 81.62 at close on Monday. It closed at 81.34 on Friday.
Source: Bloomberg
Closing Bell
The Indian benchmark indices ended lower after a volatile day of trading on Monday.
Asian markets were mixed with Japanese Nikkei ending lower ahead of the Bank of Japan's policy announcement later this week. On the other hand, the European stocks opened higher and continued trading amid volatility on Monday.
The S&P BSE Sensex was down 168 points or 0.28% at 60,092.97 while the NSE Nifty 50 was 62 points or 0.34% lower at 17,894.85.
Tech Mahindra Ltd., HCL Technologies., Infosys Ltd., Wipro Ltd., and Hero MotoCorp Ltd. were the top gainers amongst the NSE Nifty 50 constituents.
Whereas, Adani Enterprises Ltd., Axis Bank Ltd., JSW Steel Ltd., Hindustan Unilever Ltd., Apollo Hospitals Enterprise Ltd. and NTPC Ltd. were the top losers in the gauge.
The broader market indices were trading lower; S&P BSE MidCap was down 0.34%, whereas S&P BSE SmallCap was lower at 0.1%.
Fourteen out of the 19 sectoral indices compiled by the BSE declined, while five advanced.
The market breadth was skewed in favour of the bears. About 1,694 rose, 1,904 declined, 180 remained unchanged on the BSE.
GPT Infraprojects Jumps After Winning Rs 216-Crore Order From Maharail
Maharashtra Rail Infrastructure Development Corporation Ltd. signed a pact with GPT Infraprojects Ltd. for the construction of proposed extensions of Ghatkopar cable-stayed road over-bridge, connecting LBS Road junction and Eastern Expressway junction in Mumbai.
GPT Infraprojects Ltd. has been offered Rs 216-crore as per the contract.
Source: Exchange filing