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Beautiful Expiry! Green Candle Tomorrow? Post-Market Analysis

NIFTY opened with a gap-down of 149 points and closed at 17,610, while BANK NIFTY started with a gap-down of 569 points and closed at 40,669. Nifty Metal fell, while Nifty FMCG and Nifty IT gained.

By Rohit Satheesan1 min read
Beautiful Expiry! Green Candle Tomorrow? Post-Market Analysis

Key takeaways

  • NIFTY opened at 17,517 with a gap-down of 149 points and closed at 17,610, down by 5 points or 0.03%.
  • BANK NIFTY started at 39,943 with a gap-down of 569 pts and closed at 40,669, up by 156 pts or 0.39%.
  • Nifty Metal fell by 4.3%, while Nifty FMCG gained 2.2% and Nifty IT gained 1.8%.
  • ITC (+4.7%) and Britannia (+4.6%) were top gainers, while Adani Ent (-26.7%) and Adani Ports (-6.6%) were top losers.
  • SBI has an exposure of about Rs 23,000 crore to Adani Group, while IDFC First Bank says it has no exposure to Adani offshore companies.

NIFTY opened the day at 17,517, with a gap-down of 149 points. The index tried to move up, but the 17,600-630 zones acted as good resistance. Nifty closed the day at 17,610, down by 5 points or 0.03%.

BANK NIFTY started the day at 39,943 with a gap-down of 569 pts. Bank Nifty also tried to break a large resistance zone- 40,600-750. Bank Nifty closed the day at 40,669, up by 156 pts or 0.39%.

Nifty Metal (-4.3%) fell once again. Nifty FMCG (+2.2%), and Nifty IT (+1.8%) closed with gains.

Major Asian Markets closed mixed. European markets are trading with gains.

Today’s Moves

ITC (+4.7%) gained as the Nifty 50 Top Gainer.

Britannia (+4.6%) moved up after posting good results yesterday.

Adani Ent (-26.7%) and Adani Ports (-6.6%) closed as Nifty 50 Top Losers again. Yesterday, after the market hours Adani Ent withdraw its FPO. 

According to the latest reports, SBI (+0.14%) has exposure of about Rs 23,000 crore to Adani Group

IDFC First Bank (+5.4%) says doesn't have any exposure to Adani offshore companies. Also, IDFC (+5.3%) announced its plan to invest Rs 2000 crore in the bank.

HDFC(-1.8%) posted 13% YoY growth to Rs 3,691 crore during the third quarter, which met estimates. 

Titan (-1.6%) reported a 9.96% drop in consolidated net profit for December 2022 quarter at  Rs 904 crore,

Frequently asked questions

How did NIFTY perform today?

NIFTY opened the day at 17,517 with a gap-down of 149 points and closed at 17,610, down by 5 points or 0.03%.

What was the performance of BANK NIFTY?

BANK NIFTY started the day at 39,943 with a gap-down of 569 pts and closed at 40,669, up by 156 pts or 0.39%.

Which sectors saw gains and losses?

Nifty Metal (-4.3%) fell, while Nifty FMCG (+2.2%) and Nifty IT (+1.8%) closed with gains.

What is SBI's exposure to Adani Group?

According to the latest reports, SBI has exposure of about Rs 23,000 crore to Adani Group.

Written by

Rohit Satheesan

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