Stock market updates on January 30, 2024: Equity benchmark indices were exhibiting volatility in intra-day deals on Tuesday, a day after they had surged nearly 2 per cent.
The S&P BSE Sensex quoted around 71,900 levels, down 50-odd points, while the NSE Nifty 50 was seen testing 21,750 levels.
Tata Motors, Wipro, Infosys, Tech Mahindra and TCS were among the prominent gainers in Sensex 30. On the flip side, Bajaj Finance shed almost 5 per cent even as the NBFC reported 22 per cent YoY growth in Q3 consolidated net at Rs 3,639 crore backed by healthy growth in net interest income (NII) and fees and commissions.
Bajaj Finserv, NTPC, ITC and Power Grid were the other notable losers.
Broader indices, however, continue to outperform. The BSE MidCap index was up 0.4 per cent, while the SmallCap added 0.6 per cent.
Global cues
In Asia this morning, Hang Seng slipped nearly 2 per cent amid Evergrande fall out. Nikkei, Kospi and Taiwan were marginally up, while Shanghai Composite and Straits Times were down.
Overnight, the S&P 500 and Dow Jones closed at record highs a day ahead of the start of two-day US Federal Reserve Policy meeting. The S&P 500 jumped 0.8 per cent, while Dow Jones added 0.6 per cent. Nasdaq soared over 1 per cent.
The yield on the benchmark 10-year US Treasury note dipped 8.6 basis points to 4.074 per cent, after the Treasury department said it would need to borrow less than its previous estimates.
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