Explore the dramatic twists in the Share Bazaar on 17 January 2024 with comprehensive insights into NIFTY and BANKNIFTY performances. Stay informed for strategic investment decisions.
17 January 2024
In a tumultuous session on 17 January 2024, the Indian Share Bazaar experienced a significant downturn, marked by a crash in both NIFTY and BANKNIFTY. The day unfolded with a gap-down opening for NIFTY at 21,647.25, reflecting a 2.09% drop from the previous close of 22,032.30. The market sentiment was heavily impacted by the results of Index heavyweight HDFCBANK. Simultaneously, BANKNIFTY opened at 46,573.95, a notable decline from the previous close of 48,125.10, closing with a substantial loss of 4.28%. This plunge was further intensified by the pressure from the BANKNIFTY weekly options expiry.
Also Read:
- Indian Share Bazaar Update: 18 January 2024
- NSE Share Bazaar Analysis: 16 January 2024
- 15 January 2024: NSE Share Bazar
NSE NIFTY Index: 17 January 2024
The NSE NIFTY Index exhibited a volatile trading day:
- Open Price: 21,647.25
- High Price: 21,851.50
- Low Price: 21,550.45
- Closing Price: 21,571.95
- Previous Close: 22,032.30
Top gainers in the NSE NIFTY Index: APOLLOHOSP, HCLTECH, TECHM.
Top losers in the NSE NIFTY Index: HDFCBANK, TATASTEEL, KOTAKBANK.
BANKNIFTY Index: 17 January 2024
The BANKNIFTY Index faced substantial losses:
- Open Price: 46,573.95
- High Price: 47,212.75
- Low Price: 45,979.60
- Closing Price: 46,064.45
- Previous Close: 48,125.10
Top gainers in the BANKNIFTY Index: All stocks in the red.
Top losers in BANKNIFTY Index: HDFCBANK, IKOTAKBANK, AXISBANK.
Other Major Indices: 17 January 2024
- NIFTY NEXT 50:
- Open Price: 54,478.65
- High Price: 54,813.10
- Low Price: 54,116.55
- Closing Price: 54,206.25
- Previous Close: 54,816.90
- NIFTY AUTO:
- Open Price: 18,537.00
- High Price: 18,620.00
- Low Price: 18,413.65
- Closing Price: 18,447.25
- Previous Close: 18,712.70
- NIFTY MIDCAP 50:
- Open Price: 13,300.15
- High Price: 13,411.15
- Low Price: 13,222.15
- Closing Price: 13,236.95
- Previous Close: 13,410.85
- NIFTY FMCG:
- Open Price: 56,477.65
- High Price: 56,839.60
- Low Price: 56,191.70
- Closing Price: 56,259.50
- Previous Close: 56,755.85
- NIFTY IT:
- Open Price: 36,299.60
- High Price: 37,107.20
- Low Price: 36,289.30
- Closing Price: 36,960.40
- Previous Close: 36,727.10
- NIFTY METAL:
- Open Price: 7,852.90
- High Price: 7,852.90
- Low Price: 7,683.70
- Closing Price: 7,693.55
- Previous Close: 7,941.85
- NIFTY PHARMA:
- Open Price: 17,285.35
- High Price: 17,319.70
- Low Price: 17,130.45
- Closing Price: 17,154.00
- Previous Close: 17,320.15
- NIFTY PSU BANK:
- Open Price: 5,839.90
- High Price: 5,934.60
- Low Price: 5,806.25
- Closing Price: 5,830.00
- Previous Close: 5,933.40
Option Chain Data: 17 January 2024
- Top three changes in Open Interest Calls:
- 21800CE: 2,64,530
- 21700CE: 1,82,068
- 21600CE: 1,22,649
- Top three changes in Open Interest Puts:
- 21900PE: -92,738
- 21700PE: -67,441
- 21800PE: -43,503
BANKNIFTY: (Next Expiry)
- Top three changes in Open Interest Calls:
- 47000CE: 1,23,142
- 46500CE: 70,355
- 46000CE: 32,650
- Top three changes in Open Interest Puts:
- 48000PE: -28,429
- 46200PE: 34,080
- 46000PE: 35,907
The intricate details of the share bazaar on 17 January 2024 indicate a day marked by heightened volatility and significant losses across various indices, providing investors with valuable insights for their future strategies.