Stock Market Crash Highlights: Sensex sheds 1,258 pts in broad sell-off, Nifty at 23,616; VIX up 15%

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

Stock Market Crash Highlights, Monday, January 6, 2025: Benchmark equity indices, BSE Sensex, and NSE Nifty50, ended the week's first trading session on a lower note, settling down by over 1 per cent each, dragged by selling pressure across the counters.  The 30-share Sensex tumbled as much as 1,258.12 points or 1.59 per cent to settle at 77,964.99. The index traded in the range of 79,532.67–77,781.62 today.

 

Mirroring the Sensex, NSE Nifty50 also ended lower by 388.70 points or 1.62 per cent at 23,616.05. The Nifty50 recorded a day's high of 24,089.95, while the day's low was 23,551.90 on Monday.

 

The day ended in favor of the bears as 43 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Trent, Tata Steel, BPCL, NTPC, and Adani Enterprises, with losses extending up to 4.60 per cent. Meanwhile, Apollo Hospitals, Tata Consumer Products, Titan Company, HCL Tech, and ICIC Bank were among the 7 constituent stocks that ended in the green, with gains extending up to 1.94 per cent.  The fear index, India VIX, which gauges volatility in the markets, ended down 15.58 per cent at 15.65 points.

 

Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 2.70 per cent, and 3.20 per cent, respectively.

 

All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda.

 

3:51 PM

Stock Market LIVE Updates: Tech view

Stock Market LIVE Updates: On January 3, 2025, Nifty traded within a narrow range of 24,150-23,980, forming a very tight CPR for January 6, 2025. The two-day CPR relationship showed an "inside day," signalling a potential big move ahead. In today’s session, Nifty opened within the CPR but failed to close above it intraday, creating a bearish bias. 

 

Additionally, the RSI on the 15-minute chart consistently stayed below 50, further indicating weakness and a rapid fall. Moving forward, support is expected near 23,600, while resistance lies at 24,000. These technical factors suggest caution, as the market remains poised for volatility, particularly if key support or resistance levels are breached.

View by Jigar S Patel, senior manager - technical research analyst, Anand Rathi Shares and Stock Brokers

 

3:50 PM

Stock Market LIVE Updates: Expert view

Stock Market LIVE Updates: There are already concerns that the forthcoming third quarter earnings could be muted for several sectors due to weak government spending and subdued demand, which is pushing investors, especially the FIIs, to further slash their domestic equity bets. Also, the focus will be on next month's Union Budget announcement and what will be the government's action plan to boost demand and measures to overcome global challenges.

View by Prashanth Tapse, senior VP (Research), Mehta Equities Ltd

 

3:44 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Emerging markets are undergoing consolidation due to uncertainties surrounding new US economic policies, the Fed's hawkish stance on future rate cuts, potential upward revision for CY25 inflation, and a strong dollar, all of which are negatively impacting market sentiment. The primary catalyst for a sharp sell-off in the domestic market appears to be concerns over the human metapneumovirus (HMPV). Additionally, the initial Q3 consensus earnings estimate suggests a potential gradual recovery in domestic corporate earnings, which could explain the domestic market's underperformance compared to global markets led by premium valuation.

View by Vinod Nair, head of research, Geojit Financial Services.

3:43 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap was down over 3 per cent at close and Smallcap slipped over 2 per cent.

 

3:41 PM

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

Stock Market LIVE Updates: Tata Steel, NTPC, Kotak Mahindra Bank were among the top gainers on Sensex. Here is a heatmap 

image

3:39 PM

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

Stock Market LIVE Updates: Tata Steel, BPCL, Trent were among the top laggards on Nifty. Here is a heatmap 

 

3:37 PM

Stock Market LIVE Updates: Nifty50 finishes 388.70pts lower at 23,616.05

Stock Market LIVE Updates: NSE Nifty50 closed 388.7 points or 1.62 per cent lower at 23,616.05.

3:35 PM

Stock Market LIVE Updates: Sensex closes 1,258.12 pts higher at 77,964.99

Stock Market LIVE Updates: BSE Sensex ended 1,258.12 points or 1.59 per cent lower at 77,964.99. 

 

3:26 PM

Stock Market LIVE Updates: Jai Corp, Zaggle, Kitex, CSL from BSE SmallCap freeze in lower circuits

Stock Market LIVE Updates: Shares of Jai Corp, Zaggle Prepaid Ocean Services, Cochin Shipyard, Kitex Garments and Reliance Infrastructure are among 13 stocks from the BSE Smallcap index locked in lower circuit after the index tanked nearly 3 per cent in Monday’s intra-day trade. READ MORE 

3:19 PM

Stock Market LIVE Updates: Cipla launches CipAir mobile app for first-line asthma screening in India

Stock Market LIVE Updates: Pharma major Cipla announced the launch of CipAir, a mobile application designed to facilitate the first line of screening for asthma in India. This app aims to empower users by helping them understand their likelihood of having asthma, therefore enabling timely intervention and management, the company said in a press release on Monday. READ MORE 

3:11 PM

Stock Market LIVE Updates: Capital Infra Trust IPO opens on Jan 7: Check GMP, dates, other key details

Stock Market LIVE Updates: The initial public offering (IPO) of Capital Infra Trust InvIT is set to open for public subscription on Tuesday, January 7, 2025. At the upper end, the company seeks to raise Rs 1,578 crore from the offering. The bidding for anchor investors is scheduled for today, on Monday, January 6, 2025. READ MORE 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade with deep cuts

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading with deep cuts on Monday, amid mixed global cues.

At 3 PM, the BSE Sensex was lower by 1,151.2 points, or 1.45 per cent, at 78,071.83, while the Nifty50 was at 23,641.25, lower by 363.50 points, or 1.51 per cent.

 

2:53 PM

Stock Market LIVE Updates: CLSA 2025 India portfolio: TaMo, NTPC, Nestle, Britannia in; HDFC Bank out

Stock Market LIVE Updates: Hong Kong-based capital markets firm CLSA has made adjustments to its 2025 India stock portfolio by adding Tata Motors, NTPC, Nestle, and Britannia, while removing HDFC Bank, the country’s largest private lender.

Other stocks in CLSA’s 2025 India portfolio include Reliance Industries, Tata Consultancy Services, ICICI Bank, ITC, Axis Bank, Oil & Natural Gas, SBI Life, Hindalco, Jindal Steel & Power and IndusInd Bank.
 

The decision comes as analysts foresee a challenging global macro environment and a near-term slowdown in India’s economic growth, compounded by high valuations. As a result, the firm expects muted returns for the Nifty in 2025. READ MORE

 

 

2:50 PM

Stock Market LIVE Updates: HDFC Bank stock can dip to Rs 1,500 if breaks this support; key levels here

Stock Market LIVE Updates: HDFC Bank stock was down nearly 2 per cent in intra-day trades on Monday amid a weak market while the private bank's LDR (loan-to-deposit) ratio dropped below 100 per cent for the first time post the HDFC merger. At the end of the December quarter, HDFC Bank's LDR stood at 99.2 per cent, down from 100.8 per cent at the end of September quarter. In comparison, HDFC Bank's LDR in the year ago quarter (December 2023) stood at 111.53 per cent in Q3 of 2023-24.

 

The fall in private lender's LDR was on account of slower loan growth and the securitisation of a sizeable portion of loans in the 2024-25 (FY25) October-December (Q3) quarter. READ MORE

 

2:46 PM

Stock Market LIVE Updates: This PSU stock zoomed 43% in 2 days; market cap crosses Rs 50,000 crore

Stock Market LIVE Updates: Shares of ITI are continuing their upward movement; the company's stock price has rallied 19 per cent to hit a new high of Rs 422.45 on the BSE in Monday’s intra-day trade amid heavy volumes in an otherwise weak market. In two days, the stock of the public sector undertaking (PSU) company has surged 43 per cent. In comparison, the BSE Sensex was down 1.2 per cent at 78,264 at 12:20 PM. In two days, the benchmark index has lost 2 per cent.

A sharp rally in ITI share price was seen, with the market capitalisation (market cap) of ITI crossing the Rs 50,000-crore mark for the first time today. Currently, with a market cap of Rs 51,609 crore, ITI is trading 17 per cent higher at 535.15, the BSE data showed. READ MORE