Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today, Jan 9: Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 0.93 per cent, and 1.35 per cent, respectively

Stock Market Highlights, Jan 9, 2025: Benchmark equity indices, BSE Sensex and NSE Nifty50, settled in the negative territory on Thursday. The 30-share Sensex shed as much as 528.28 points or 0.68 per cent to settle at 77,620.21. The index traded in the range of 78,206.21-77,542.92 today. 

 

Mirroring the Sensex, NSE Nifty50 also ended lower by 162.45 points or 0.69 per cent at 23,526.50. The Nifty50 recorded a day's high of 23,689.50, while the day's low was 23,503.05 on Thursday.

 

The day ended in favor of the bears as 34 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Shriram Finance, ONGC, Coal India, BPCL, and Tata Steel, with losses extending up to 2.59 per cent. Meanwhile, Bajaj Auto, Nestle India, Hindustan Unilever, Britannia Industries, and Mahindra & Mahindra were among the 16 constituent stocks that ended in the green, with gains extending up to 2.11 per cent.

 

Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 0.93 per cent, and 1.35 per cent, respectively.  All sectors ended in the red, barring the Nifty FMCG index. Among others, IT, PSU Bank index, financial services, consumer durables, and OMCs ended down by over 1 per cent each. Meanwhile, the Nifty Realty index ended down by 2.73 per cent. 

 

3:49 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty index closed slightly above its critical support at 23,500 on Thursday, forming a bearish candlestick below the 200-day EMA, signaling caution. A follow-up breach below 23,500 would validate a sell-on-rise strategy, with further downside expected. Conversely, holding this support may lead to consolidation. For the short term, 23500 acts as a key support, while resistance is placed at 23800, capping any upside. Traders should monitor these levels closely, as they will dictate the index's immediate directional trend.

View by Vatsal Bhuva, Technical Analyst at LKP Securities.

3:46 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Indian stock market mirrored the decline across its Asian peers, with cautious investor sentiment driven by a sell-off in US bonds. The US 10-year Treasury yield surged to its highest level since April 2024, signalling expectation of fewer rate cuts by the Fed. Further, disappointing inflation data from China added pressure, indicating that recent stimulus measures have failed to rejuvenate one of the world's largest consumer markets. Domestically, the FMCG sector outperformed, while other sectors declined, anticipating only modest improvement in Q3 earnings estimates, cautioning against high expectations.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:45 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap settled in red at close. 

 

3:41 PM

Stock Market LIVE Updates: Here's a look at Nifty50 gainers and loser at close

Stock Market LIVE Updates: ONGC, Shriram Finance, BPCL were among the top losers on Nifty50. 

 

3:38 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: Zomato, Tata Steel, NTPC were among the top laggards on BSE. 

 

3:35 PM

Stock Market LIVE Updates: Nifty closes 162.45 pts lower at 23,526.50

Stock Market LIVE Updates: NSE Nifty was down 162.45 points or 0.69 per cent lower at 23,526.50 on close. 

 

3:33 PM

Stock Market LIVE Updates: Sensex closes 528.28 pts lower at 77,620.21

Stock Market LIVE Updates: BSE Sensex closed  528.28 points or 0.68 per cent higher at 77,620.21.

 

 

 

3:25 PM

Stock Market LIVE Updates: Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers

Stock Market LIVE Updates: Eyewear startup Lenskart has invited bankers to pitch for its upcoming initial public offering (IPO), aiming to raise between $750 million and $1 billion, according to a report by Moneycontrol on Thursday. The company is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026. READ MORE

3:18 PM

Stock Market LIVE Updates: This SME stock extends rally, up 132% in 6 days; BSE lowers circuit limit

Stock Market LIVE Updates: Shares of Toss The Coin hit a new high at Rs 842.55, on hitting the 5 per cent upper circuit on the BSE in Thursday’s intra-day trade in an otherwise weak market. The BSE Sensex was down 0.65 per cent at 77,644 at 02:28 PM. READ MORE 

3:11 PM

Stock Market LIVE Updates: 3 PM market update

Stock Market LIVE Updates: Sensex was down over 500 points below 77,650 and NSE Nifty was down over 160 points below 23,550. On the broader markets front, Nifty Midcap 100 and Smallcap 100 traded in the negative territory. 

On sectoral front except for FMCG, all indices were in red. 

2:57 PM

Stock Market LIVE Updates: IGL share price rallies on report of higher gas allocation

Stock Market LIVE Updates: Reports say domestic gas allocations to IGL has been revised upwards by 31% from January 16.

 

GAIL (India) said it has updated domestic gas allocations to IGL upwards by 31% with effect from January 16, 2025, increasing the share of domestic gas in CNG segment from 37% to 51%.
 

 

2:45 PM

Stock Market LIVE Updates: Nifty at day's low

Stock Market LIVE Updates: Nifty fall to day's low level, trades at 23,518. 34 stocks were trading in the red while 16 were trading in the green as of 2:45 PM.

Nifty index is down 171 points or 0.7%

2:42 PM

Stock Market LIVE Updates: Religare Ent shares jump 6% after High Court's order makes way for AGM

Stock Market LIVE Updates: The delay in the open offer for Religare Enterprises was caused by a legal dispute, with the company’s leadership, headed by Chairperson Rashmi Saluja, raising objections regarding the offer price and the credentials of the Burman family. READ MORE

2:34 PM

Stock Market LIVE Updates: Mamata Mach, Sanathan, Unimech at new lows; BSE IPO index down 5% in 1 week

Stock Market LIVE Updates: Among individual stocks, Mamata Machinery was locked in lower circuit of 5 per cent at Rs 476.45 on the BSE 01:42 pm; with no buyers seen at the counter. The stock has corrected 27 per cent from its record high of Rs 649 touched on December 30, 2024. The company's shares had made a stellar debut on D-Street on December 27, 2024 as they were listed at Rs 600, a 147 per cent premium over the issue price of Rs 243. Post listing, the stock zoomed 167 per cent against its issue price. READ MORE

2:24 PM

Stock Market LIVE Updates: 21 of 30 Sensex stocks are trading with losses

Stock Market LIVE Updates: 21 of 30 Sensex stocks are in the red led by Tata Motors, L&T, HDFC Bank, Tata Steel, Adani Ports, Zomato, SBI, TCS, Bajaj Finance, Axis Bank, and RIL