Stock Market Close Highlights: Sensex sheds 423 points, Nifty at 23,203; RIL up 3%, Infosys slips 6%
Market Highlights: Nifty IT, and Private Bank indices were the top laggards among the sectoral markets, ending down by over 2 per cent each
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Stock Market Highlights, Friday, January 17, 2025: Benchmark equity indices lost their 3-day winning streak to end the week's last trading session in negative territory. The 30-share Sensex shed 403.24 points or 0.52 per cent to settle at 76,639.58, trading in a range of 77,069.19-76,263.29.
Similarly, the NSE Nifty50 ended at 23,203.20, down 108.60 points or 0.47 per cent. Nifty50 reached its day's high at 23,292.10, while the day's low was recorded at 23,100.35.
29 of the 50 constituent stocks of Nifty50 ended in the green, with gains led by Reliance Industries, BPCL, Hindalco, Hindalco, and Coal India. Conversely, Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro were among the 21 constituent stocks that ended in the red, with losses extending up to 5.75 per cent.
Among the broader markets, the Nifty Midcap100 and Nifty Smallcap 100 indices settled with gains of 0.23 per cent and 0.16 per cent, respectively.
Sectoral markets ended mixed, with Nifty IT, and Private Bank indices being the top laggards, ending down by over 2 per cent each. This was followed by Bank Nifty and Financial Services indices, which ended lower by over 1 per cent each. Among others, Nifty FMCG, Metal, OMCs, and Realty indices ended higher by up to 1.56 per cent.
3:48 PM
(View by: Rupak De, Senior Technical Analyst at LKP Securities)
Stock Market Highlights LIVE Updates: Bearish sentiment may persist in the short term
The Nifty remained under bearish pressure for yet another session. Sentiment remains weak as the index declined after encountering resistance at a crucial moving average. This bearish sentiment may persist in the short term or as long as the index remains below 23,400.
On the downside, it could drift toward 23,000. A decisive break below 23,000 might trigger a broader market correction. Conversely, 23,400 is likely to remain a strong resistance level."
On the downside, it could drift toward 23,000. A decisive break below 23,000 might trigger a broader market correction. Conversely, 23,400 is likely to remain a strong resistance level."
(View by: Rupak De, Senior Technical Analyst at LKP Securities)
3:47 PM
Stock Market Highlights LIVE Updates: Nifty IT, Private Bank down 2%
Nifty IT, and Private Bank indices were the top laggards, ending down by over 2 per cent each.
3:44 PM
Stock Market Highlights LIVE Updates: BPCL, Reliance Ind, Coal India gain on NSE
BPCL, Reliance Industries, and Coal India gain on NSE.
3:43 PM
Stock Market Highlights LIVE Updates: Broader indices settle in green marginally
The BSE MidCap ended 0.04 per cent higher, while the BSE SmallCap index was up 0.01 per cent.
3:39 PM
Stock Market Highlights LIVE Updates: Heatmap check
16 out of 30 stocks close in green on the BSE Sensex.
3:37 PM
Stock Market Highlights LIVE Updates: Nifty slips 108 pts, below 23,250
The NSE's Nifty50 slipped 108 points or 0.47 per cent 23,203 level.
3:35 PM
Stock Market Highlights LIVE Updates: Sensex ends over 420 pts lower
The BSE Sensex closed 423 points or 0.55 per cent lower at 76,619.33 on Friday.
3:01 PM
At 3 PM, the BSE Sensex was lower by 286.21 points, or 0.37 per cent, at 76,756.61, and the Nifty50 was at 23,244.15, down 67.65 points, or 0.29 per cent.
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid muted global cues.
At 3 PM, the BSE Sensex was lower by 286.21 points, or 0.37 per cent, at 76,756.61, and the Nifty50 was at 23,244.15, down 67.65 points, or 0.29 per cent.
2:58 PM
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2:54 PM
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PM Modi on Friday inaugurated the second edition of the Bharat Mobility Global Expo, which is being touted as the second-largest auto sector expo in the world this year. Addressing the meeting, he urged investors to go ahead with the "Make in India, Make for the World" strategy. "India is a good destination for investors dreaming of growth in the mobility sector. The government is with you," he said. The expo is expected to witness over 100 new launches across automobiles, component products, and technologies. In the last four years, FDI in the auto sector was to the tune of $36 billion, which Modi said is expected to increase further in the coming years. READ MORE
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First Published: Jan 17 2025 | 7:59 AM IST