Equity market declines marginally in early trade
Mumbai, January 11, 2022
The 30-scrip BSE Sensex and the broader 50-scrip NSE Nifty were a tad down in early trade on Tuesday.
At 10.05 a.m., the Sensex traded at 60,321 points, down 0.1 per cent from its previous close of 60,395 points. It opened at 60,342 points.
Similarly, the Nifty traded at 17,979 points, down 0.1 per cent from the previous close of 18,003 points. It opened at 17,997 points.
Among the stocks, JSW Steel, Tata Steel, Bajaj Finance, Asian Paints, Kotak Mahindra Bank were some of the top losers during the early trade, NSE data showed. HCL Technologies, Sun Pharma, HDFC, NTPC and Divi's Labs were some of the top gainers.
"...an area of serious concern is the unbridled speculation in low-grade stocks, the cats and dogs. 'Flying cats and dogs' is an indication of imminent correction. Chasing cats and dogs has always ended in grief. Therefore, investors have to be careful and stick to quality," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.