Todays Market update 16/01/2023 - 16 January 2023

Todays Market update 16/01/2023

A clear bearish day for Indian indices.After gap up opening Nifty 50 closed below 17900 at 17894 after dropping 62 points from Friday's closing. The top gainers of Nifty were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%) and TCS (up 1.06%) while Axis Bank (down 2.26%), NTPC (down 1.16%), HDFC (down 1.03%), HDFC Bank (down 0.97%) and Mahindra & Mahindra (down 0.97%) were the losers.The initial public offering (IPO) of Gujarat-based Aristo Bio-tech and Lifescience Ltd. opens for subscription today, January 16, for retail investors.