Stock Market Close Highlights: Sensex sheds 721pts, Nifty holds 24,000; HDFC, ICICI Bank weigh
Markets Today Highlights:32 out of 50 constituent stocks of Nifty50 ended in the red, dragged by Wipro, HDFC Bank, Tech Mahindra, Adani Ports, and Cipla, with losses extending up to 2.83 per cent
Stock Market Highlights, Friday, January 3, 2025: Benchmark equity indices BSE Sensex and NSE Nifty50 ended the week's last trading session in negative territory. The 30-share Sensex shed 720.60 points or 0.90 per cent to settle at 79,223.11. The index traded in the range of 80,072.99 to 79,147.32 today.
NSE Nifty50 settled in the red at 24,004.75, with a loss of 183.90 points or 0.76 per cent. Nifty50 recorded a day's high of 24,196.45, while the day's low was 23,978.15.
32 out of 50 constituent stocks of Nifty50 ended in the red, dragged by Wipro, HDFC Bank, Tech Mahindra, Adani Ports, and Cipla, with losses extending up to 2.83 per cent. On the other hand, ONGC, Tata Motors, Titan, Nestle India, and SBI Life were among the 18 constituent stocks that ended higher, with gains of up to 5.11 per cent.
Broader markets mirrored the benchmarks as the Nifty Midcap 100 and Nifty Smallcap 100 indices ended lower by 0.30 per cent and 0.24 per cent, respectively.
Sectoral indices ended on a mixed note. The Bank Nifty index shed as many as 616 points to settle at 50,988.80, dragged by HDFC Bank and ICICI Bank, which ended lower by 2.53 per cent and 1.94 per cent, respectively. Among them, Nifty FMCG, Media, Metal, PSU Bank, and OMC indices ended higher by up to 1.26 per cent. Meanwhile, Nifty Financial Services, IT, Private Bank, and Healthcare indices were the top laggards, ending lower by up to 1.41 per cent on Friday.
4:00 PM
Stock Market Highlights Highlights: Technical Views
"The Nifty was unable to break above the 50 EMA on the daily timeframe, resulting in a market correction. However, sentiment remains positive as the index closed above 24,000. The RSI shows a bullish crossover.
On the upside, the index may rise towards 24,200–24,220, with a break above 24,220 potentially pushing it to 24,500. Conversely, a decisive move below 24,000 could lead the index towards 23,700."
Views By: Rupak De, Senior Technical Analyst at LKP Securities.
On the upside, the index may rise towards 24,200–24,220, with a break above 24,220 potentially pushing it to 24,500. Conversely, a decisive move below 24,000 could lead the index towards 23,700."
Views By: Rupak De, Senior Technical Analyst at LKP Securities.
3:44 PM
Stock Market Highlights LIVE Updates: ONGC, Tata Motors, SBI Life rise on NSE
ONGC, Tata Motors, SBI Life rise on NSE.
3:43 PM
Stock Market Highlights LIVE Updates: Nifty IT, Pharma, Bank stocks bleed among sectors
Among sectors, Nifty IT, Nifty Pharma and Nifty Bank were among the top losers.
3:40 PM
Stock Market Highlights LIVE Updates: Broader indices end in red
The BSE SmallCap index closed 0.02 per cent lower, while the BSE MidCap index was down 0.33 per cent.
3:38 PM
Stock Market Highlights LIVE Updates: Heatmap check
20 out of 30 stocks ended in red on the BSE Sensex.
3:34 PM
Stock Market Highlights LIVE Updates: Nifty closes over 180 pts lower, holds 24k
NSE's Nifty50 closed 183 points lower at 24,003 level.
3:33 PM
Stock Market Highlights LIVE Updates: Sensex ends 720 pts lower
The BSE Sensex closed 720 points lower at 79,223 level.
3:21 PM
Stock Market LIVE Updates: Dividend, Bonus, stock-split: Shriram Fin, 9 others to go ex-date next week
Dividend, Bonus, stock-split:Shares of Shriram Finance, Kamdhenu, ITC, and 7 other companies will remain in focus next week, from Monday, January 6, 2025, to Friday, January 10, 2025, as they will trade ex-date following their announcements of corporate actions such as bonus issues, dividends, spin-offs, and rights issues.
BSE data shows that Algoquant Fintech, and Padam Cotton Yarns will trade ex-date next week for their bonus issues. Meanwhile, Camlin Fine Sciences will trade ex-date for its rights issue. Read more
3:01 PM
At 3 PM, the BSE Sensex was lower by 658.26 points, or 0.82 per cent, at 79,285.45, while the Nifty50 was at 24,029, down 159.65 points, or 0.66 per cent.
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower
Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid weak global cues.
At 3 PM, the BSE Sensex was lower by 658.26 points, or 0.82 per cent, at 79,285.45, while the Nifty50 was at 24,029, down 159.65 points, or 0.66 per cent.
2:59 PM
By comparison, the BSE Sensex today was trading weak, down over 600 points or 0.8 per cent at 79,315 level at 2:25 PM.
Stock Market LIVE Updates: Aarti Pharma share price down 5% from day high on order to shut Vapi plant
Stock Market LIVE Updates: Aarti Pharmalabs share price fell 3.4 per cent on the BSE today, hitting an intraday low of Rs 668 per share. This was a 4.8-per cent decline in Aarti Pharma share price from the day’s high of Rs 702 per share.
By comparison, the BSE Sensex today was trading weak, down over 600 points or 0.8 per cent at 79,315 level at 2:25 PM.
Meanwhile, the fall in Aarti Pharma shares came after it said that the Gujarat Pollution Control Board as directed the company to shut down its Vapi plant. READ MORE
2:52 PM
Stock Market LIVE Updates: This BSE 500 stock rose 19% in 3 days; had doubled investors wealth in 2024
Stock Market LIVE Updates: Shares of Lloyds Metals and Energy (LMEL) rallied 9 per cent to Rs 1,461, hitting a new high on the BSE in Friday’s intra-day trade on the back of over three-fold jump in trading volumes. In first three trading days of the calendar year 2025, the stock has rallied 19 per cent. In the previous calendar year 2024, it had more-than-doubled or zoomed 105 per cent, as compared to 9 per cent rise in the BSE Sensex.
In July 2024, the company allotted 17.5 million equity shares via qualified institutional placement (QIP) at Rs 696 per share. It raised ~Rs 1,218 crore from diverse investors (incl. long-only funds, mutual funds, insurance companies and other key stakeholders). The proceeds would be utilized for setting up the 4m-tonne pellet facility in Konsari, along with an iron ore and grinding unit. READ MORE
2:42 PM
Stock Market LIVE Updates: India's investment banking fees reach $1.3 bn in 2024, Kotak Mahindra leads
Stock Market LIVE Updates: India's investment banking activities earned $1.3 billion in estimated fees during 2024, one per cent increase compared to last year.While certain segments, such as equity capital markets (ECM), witnessed substantial growth, others like mergers and acquisitions (M&A) faced notable declines, according to Deals Intelligence, LSEG.
The ECM underwriting fees surged to $645.2 million,an 80% increase from 2023. This is the highest annual total recorded since tracking began in 2000, highlighting a robust resurgence in equity financing as companies capitalized on favorable market conditions. READ MORE
2:36 PM
Stock Market LIVE Updates: Asian Paints stock down 33% in 3 months; is the worst over? Tech view here
Stock Market LIVE Updates: The Asian Paints stock plunged 33.5 per cent from its peak of Rs 3,395 in September to a low of Rs 2,257 last month. In the process, the stock broke below its super trend line on the monthly scale for the first time in more than six years. READ MORE
2:30 PM
Stock Market LIVE Updates: Shyam Metalics share zooms 8% today; chart reveals this make-or-break level
Stock Market LIVE Updates: Shyam Metalics share price soared 8.2 per cent on the BSE on Friday, January 3, 2025. Shyam Metalics share price hit an intraday high of Rs 802 today, on the back of heavy volumes. READ MORE
2:23 PM
Stock Market LIVE Updates: Axis Sec sees 25% upside in Kalpataru Projects; stock rises 3% on coverage
Stock Market LIVE Updates: Shares of Kalpataru Projects International Ltd (KPIL) rose 2.79 per cent at Rs 1,312 a piece on the BSE in Friday’s intraday trade. Kalpataru Projects share price surged after domestic brokerage firm Axis Securities initiated coverage on the stock with a ‘Buy’ recommendation and a target price of Rs 1,590, implying an upside of 25 per cent from Thursday’s closing price. READ MORE
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First Published: Jan 03 2025 | 8:04 AM IST