January 3, 2025
New Delhi, India
Stock Market Today
The BSE Sensex plunged 720.60 points (0.90%) to close at 79,223.11, while the NSE Nifty50 slipped 183.90 points (0.76%) to end at 24,004.75. Both indices recorded intraday highs of 80,072.99 and 24,196.45, respectively, before succumbing to selling pressure.
Sectoral and Stock Performance
- Sectoral Losers:
- IT, pharma, and banking stocks led the decline, shedding over 1% each.
- Notable losers included Wipro (-2.83%), HDFC Bank, and Tech Mahindra.
- Sectoral Gainers:
- Oil & gas and media sectors bucked the trend, rising 1% each.
- ONGC (+5.11%), Tata Motors, and Titan emerged as top gainers.
Broader Market Weakness
Broader indices mirrored the benchmarks:
- Nifty Midcap 100 declined by 0.30%.
- Nifty Smallcap 100 dipped by 0.24%, reflecting cautious sentiment in the broader market.
Key Highlights
- DMart Shares Performance: Shares of Avenue Supermarts hit a 10% upper circuit on its positive Q3 update.
- Rupee Slide: The Indian rupee touched a fresh record low against the US dollar, adding to market concerns.
- Earnings Outlook: Investors are awaiting the start of the Q3 earnings season next week for direction.
Also Read: ITC Hotels Demerger Record Date Today; Share Price Discovery on January 6
Closure
The markets ended the week on a bearish note, with IT, pharma, and banking stocks dragging indices lower. While select stocks like ONGC and Tata Motors provided some support, the overall sentiment remains cautious as investors look ahead to corporate earnings for further cues.
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