Indian stock market indices Sensex and Nifty closed
marginally lower on January 14, 2021. Amid the nervousness in the global markets,
the positive macroeconomic data failed to lift any market spirits. The market
saw positive trends in only IT, Realty, and Healthcare sectors and rest of the sectors ended in red.
In a largely depressed session, the 30-scrip BSE Sensex
closed 12.27 points or 0.02% down at 61,223.03. The NSE Nifty dropped 2.05
points or 0.01% to 18,255.75.
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Sensex’s top loser Asian Paints slipped 2.66%, followed
by Axis Bank, HUL, Wipro, M&M, HDFC, and Bharti Airtel.
Sensex’s top gainers were TCS, Infosys, L&T, Tech
Mahindra, and HDFC Bank.
Other Asian bourses such as Tokyo, Hongkong, Shanghai,
and Seoul also closed in the red.
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European stock exchanges witnessed selling pressure
during mid-session deals.
The international benchmark for oil Brent Crude gained
0.86% to USD 85.20 per barrel.
According to stock exchange data, Foreign institutional
investors (FIIs) sold shares worth Rs 1,390.85 crore on Thursday.
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In the domestic economy, the wholesale price-based
inflation broke a 4-month rising trend in December 2021 and dropped to 13.56%.
Mainly due to reduction in prices of fuel, power, and manufacturing products,
however, food prices are rising.
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In December 2021, India’s exports jumped 38.91%
year-on-year to USD 37.81 billion due to better performance by sectors such as
engineering, textiles, and chemicals. According to the government data, the
trade deficit increased to USD 21.68 billion during the month.