Indices reverse Monday’s gains - Tuesday Closing Report
Moneylife Digital Team 10 January 2023
On Tuesday, Sensex slipped 631.83 points and Nifty ended above 17,900. On the Bombay Stock Exchange (BSE), 1422 stocks advanced, 2099 declined and 133 remained unchanged with advance decline ratio of 0.67, indicating a negative closing of stocks in broader markets. 
The trend of the major indices on Tuesday’s trading is given in the table below:
On NSE, 29 securities advanced and closed at new 52 week high whereas 29 securities sank to close at their new 52-week lows.  
In sectoral indices, all the sectors ended in a red except Nifty PSU bank, Nifty Infrastructure, Nifty Media, Nifty IT and Nifty Metal were among the biggest losers. 
Indian rupee closed at 81.79/$ against previous close of 82.36/$.
Adani Group stocks were under pressure. Adani Enterprises was the top loser among Nifty50. Adani Enterprises slipped more than 4% while Ambuja Cements slipped more than 3%, Adani Ports slipped more than 2.5%, Adani Green and ACC both were down more than 1%. 
Coal India issued an acceptance letter for nine coal projects with a production capacity of close to 127 mtpa to be operated via the mine developer cum operator mode route.
Zydus Life has received final US FDA nod for Febuxostat tablets which is used to lower high uric acid in the blood. Lupin has received approval from US FDA for Prasugrel tablets. 
Axis bank entered into a revised agreement with Max Financial to acquire remaining 7% in Max life at fair market value. Max Financial went up 4% today on the news.
The board of Zuari Industries has approved the scheme of amalgamation between Zuari Sugar and Power the wholly owned subsidiary of the company with Zuari Industries. 
PSP Projects has received an order worth Rs1344 crore for a government project. 
J&K bank has hiked lending rates by 15 basis points (bps) across tenures Safari Industries has successfully commenced commercial production of luggage at its factory situated at Halol, Gujarat. With this addition, the effective production capacity of the Company has increased from 2,50,000 pieces per month to 3,00,000 pieces per month.
Cyient DLM Limited a subsidiary of Cyient has filed a draft red herring prospectus (DRHP) with SEBI for an IPO which consist of fresh issue of shares up to Rs740 crore.
In large trades, Kansai Nerolac’s 0.19% equity changed hands at Rs410 per share. Yesbank’s 0.10% equity changed hands at Rs20.70 per share. 
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
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