Photo Credit: Reuters

Here's What Happened In The Stock Market On Jan. 27

The BSE Sensex closed 1.45% lower at 59,330.90, while the NSE Nifty 50 was 1.61% down at 17,604.35 by end of trading hours.

Sensex, Nifty Extend Declines

The benchmark indices declined for the third consecutive trading session on Friday. On a weekly basis, the indices snapped their two-week gaining streak. The BSE Sensex closed 874 points lower, or 1.45%, at 59,330.90, while the NSE Nifty 50 Index was 288 points down, or 1.61%, at 17,604.35.

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The Gainers

Tata Motors, Bajaj Auto, Dr. Reddy's Laboratories, ITC, and Divi's Laboratories were the top gainers in the gauge.

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The Laggards

Adani Enterprises, Adani Ports and SEZ, SBI, ICICI Bank, IndusInd Bank, ONGC, BPCL, Kotak Mahindra Bank, Axis Bank and Hindalco were the top losers among the Nifty constituents.

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Market Wrap

The market breadth was skewed in favour of the bears. About 905 rose, 2,648 declined and 105 remained unchanged on the BSE.

Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.

Photo Credit: Freepik

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