Stock Market Highlights: Friday, January 17, 2025
Indian equity markets ended their three-day winning streak on Friday, closing the week’s final trading session in the red.
Market Summary
The BSE Sensex fell by 403.24 points (0.52%) to close at 76,639.58, after trading within a range of 77,069.19 to 76,263.29. Similarly, the NSE Nifty50 declined 108.60 points (0.47%) to settle at 23,203.20, with an intraday high of 23,292.10 and a low of 23,100.35.
Top Gainers and Losers on Nifty50
Out of the 50 stocks on the Nifty50, 29 advanced:
Top gainers: Reliance Industries, BPCL, Hindalco, and Coal India.
Meanwhile, 21 stocks declined:
Top losers: Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro, with losses extending up to 5.75%.
Broader Market Performance
The broader indices showed resilience:
The Nifty Midcap100 rose 0.23%.
The Nifty Smallcap100 gained 0.16%.
Sectoral Indices Performance
Sectoral trends were mixed:
Top laggards: Nifty IT and Private Bank indices, both down over 2%, followed by Bank Nifty and Financial Services, which declined by over 1% each.
Top performers: Nifty FMCG, Metal, OMCs, and Realty indices, which gained up to 1.56%.
Conclusion
Despite a strong start to the week, markets faced profit-booking pressure on Friday, leading to a subdued finish. Sectoral divergence and selective stock movements highlighted a cautious investor sentiment heading into the weekend.
Disclaimer: This article is for informational purposes and needs to no longer be considered economic advice. Always discuss with a certified monetary guide earlier than making funding decisions.
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