January 9: Sensex, Nifty Extend Losses For Fourth Session, HUL's Rs 1,559 Cr Tax Notice & More
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January 9: Sensex, Nifty Extend Losses For Fourth Session, HUL's Rs 1,559 Cr Tax Notice & More
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Welcome to BreakOut by 5paisa your morning briefing before the markets open. In today’s episode, we break down a key regulatory update as Hindustan Unilever receives an income tax demand of ₹1,559 crore for FY22, a development the company says won’t materially impact its operations.
Meanwhile, bears tightened their grip on Dalal Street with the Sensex and Nifty extending losses for a fourth straight session and broader markets taking heavier damage. Volatility spiked, the Nifty PCR slipped, and FIIs continued to sell even as domestic institutions stepped in to buy. Gift Nifty, however, hinted at a slightly positive open.
In the primary market, Bharat Coking Coal secured ₹273 crore from marquee anchor investors ahead of its IPO, led by LIC, while SME player Gabion Technologies recorded a standout 768x subscription. Globally, Wall Street ended mixed and Asia opened cautiously ahead of key China inflation data.
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