Share Market Highlights: Nifty, Sensex trim losses, end mildly in red; Reliance, Axis Bank lead losses.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices ended lower in the volatile session on Thursday, January 12. The BSE Sensex closed below 60,000 and NSE Nifty 50 below 17,900. The 30-share Sensex fell 147.47 pts or 0.25% to 59,958.03 and Nifty slipped 37.50 pts or 0.21% to 17,858.20. Divis Labs, Reliance Industries, BPCL, Axis Bank and Tata Motors were among the top lowers on the Nifty, while SBI Life Insurance, UltraTech Cement, Larsen and Toubro, HCL Technologies and Dr Reddy’s Laboratories were the gainers.
The BSE Sensex closed below 60,000 and NSE Nifty 50 below 17,900. The 30-share Sensex fell 147.47 pts or 0.25% to 59,958.03 and Nifty slipped 37.50 pts or 0.21% to 17,858.20.
Benchmark indices ended lower in the volatile session on January 12. Divis Labs, Reliance Industries, BPCL, Axis Bank and Tata Motors were among the top lowers on the Nifty, while SBI Life Insurance, UltraTech Cement, Larsen and Toubro, HCL Technologies and Dr Reddy’s Laboratories were the gainers.
Nifty FMCG index shed 0.5%, dragged by Varun Beverages, United Spirits, United Breweries
Paytm shares fall after 3% of equity or 1.92 crore shares change hands in a block trade. Around 2 crore shares (3.1% equity) worth Rs 1,126 crore change hands at an average of Rs 540 per share
-Morgan Stanley keeps Equal-weight rating, target at Rs 695 per share
-FY23 UPI incentive approved, is up more than 73% vs FY22
-Apart from banks, Paytm should be a key beneficiary of the above
-Paytm would have received 5-7% of FY22 incentive, assuming similar share in FY23
-This would represent 3-5% of our contribution to profit estimate