Market Overview of Sujata Muguda for Business News for Profit 6th Jan

Stock Market Crash Highlights: Monday, January 6, 2025

Indian equity markets closed sharply lower on Monday, with both the BSE Sensex and NSE Nifty50 plummeting by over 1% amid widespread selling pressure.

The 30-share BSE Sensex slumped 1,258.12 points (1.59%) to settle at 77,964.99, after trading within a range of 79,532.67 to 77,781.62 during the session.

Similarly, the NSE Nifty50 fell 388.70 points (1.62%) to close at 23,616.05, touching a high of 24,089.95 and a low of 23,551.90.

Key Highlights:
Nifty50 Performance:
Of the 50 constituents, 43 stocks ended in the red. Major losers included Trent, Tata Steel, BPCL, NTPC, and Adani Enterprises, with losses up to 4.60%. On the positive side, Apollo Hospitals, Tata Consumer Products, Titan Company, HCL Tech, and ICICI Bank managed gains of up to 1.94%.

Volatility Index:
The India VIX, an indicator of market volatility, dropped by 15.58% to close at 15.65 points, signaling reduced fear in the market.

Broader Market Performance:
The broader markets mirrored the downtrend, with the Nifty Smallcap100 and Nifty Midcap100 indices tumbling 2.70% and 3.20%, respectively.

Sectoral Performance:
All sectoral indices ended in the red:

Worst Hit: Nifty PSU Bank index plunged 4%, dragged by heavyweights such as Union Bank of India and Bank of Baroda.
The bearish sentiment across the board highlighted investor caution as markets started the week on a negative note.

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Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers; overall performance does not assure destiny outcomes. Conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.