Closing Bell: Sensex Drops 721 Points, Nifty Below 24,050 Amid Broad Sell-Off on January 03

On January 3, 2025, Indian equity markets closed the week in the red. The BSE Sensex fell 720.60 points (0.90%) to settle at 79,223.11, trading within the range of 80,072.99 and 79,147.32. Similarly, the NSE Nifty50 lost 183.90 points (0.76%) to end at 24,004.75 after hitting a day’s high of 24,196.45 and a low of 23,978.15.

Top Gainers and Losers

Of the 50 Nifty stocks, 32 ended in negative territory. Major losers included Wipro, HDFC Bank, Tech Mahindra, Adani Ports, and Cipla, with losses of up to 2.83%. On the brighter side, ONGC, Tata Motors, Titan, Nestle India, and SBI Life gained as much as 5.11%.

Broader Market Performance

The broader market reflected the benchmark indices’ trend.

• Nifty Midcap 100: Down by 0.30%.
• Nifty Smallcap 100: Declined by 0.24%.

Sectoral Insights

Sectoral indices gave a mixed performance:

• Top Gainers: Nifty FMCG, Media, Metal, PSU Bank, and OMC indices rose up to 1.26%.
• Top Losers: Nifty Financial Services, IT, Private Bank, and Healthcare indices fell by up to 1.41%.

Bank Nifty, impacted by declines in HDFC Bank (-2.53%) and ICICI Bank (-1.94%), dropped 616 points to close at ₹50,988.80.

Despite some resilience in the FMCG and PSU Bank sectors, the markets faced broad selling pressure, especially in financial and IT stocks.

Oil Prices

As of January 03, 2025, at 03:41 PM, Brent Crude was trading at $75.62, down by 0.41%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.