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The Indian stock market witnessed a mixed session on January 8, 2025, as investors remained cautious amidst global and domestic cues. The benchmark indices, Sensex and Nifty50, displayed volatility throughout the trading day before closing with marginal losses. Sectoral performance varied, with some indices gaining traction while others lagged.
The Indian stock market closed on a mixed note on January 13, 2025, as global cues and domestic concerns kept investors cautious. Benchmark indices, Sensex and Nifty50, experienced intraday volatility before ending the day with marginal losses. Weak performances across key sectors weighed on market sentiment, while select stocks in pharmaceuticals and technology offered some relief.
The Nifty50 opened at 23,195, climbed to an intraday high of 23,340, and dropped to a low of 23,047 before closing at 23,085, a decline of 345 points or 1.47%. The Bank Nifty, which saw sharp movements throughout the session, opened at 48,264, hit a high of 48,606, and slipped to a low of 47,898, ending the day at 48,041, down by 692 points or 1.42%. Similarly, the CNX Finance Index dropped 329 points, closing at 22,400 after fluctuating between 22,659 and 22,357. The mid-cap segment was not spared, with the Nifty Mid Select Index shedding 469 points to close at 11,813, reflecting broader market weakness.
Sectoral Performance:
Sector-specific trends were mixed, with defensive sectors like healthcare gaining traction while cyclical sectors faced pressure. Pharmaceuticals led the gains, buoyed by strong performances from companies like Piramal Pharma, which surged over 9% to close at ₹242.60, marking its largest intraday gain since November 2024. In IT, Happiest Minds Technologies advanced 1.1% to close at ₹714.4, signaling investor confidence in the sector’s resilience.
However, on the losing side, Just Dial fell sharply as its quarterly operating EBITDA stood at ₹86.6 crore with a 30.1% margin, a YoY expansion that failed to meet expectations. Advertising expenses and operational challenges were cited as key factors. Similarly, PCBL shares plunged over 11% to ₹346.90, driven by tepid performance in specialty carbon black and subdued volumes in its key segments.
I) Nifty: opened at 23377 and touched a high of 23391, then a low of 23272, and closed at 23311 with a total of +98 points in Positive.
II) Bank Nifty: opened at 49082 and touched a high of 49459, then a low of 49038, and closed at 49278 with a total of +527 points Positive.
III) CNX Finance: opened at 22842 and touched a high of 22994, then a low of 22832, and closed at 22942, with a total of +263 points in Positive.
IV) Nifty Mid Select: open 12246 and touched a high of 12208, then a low of 12208, and closed at 12218, With a total of +89 points in Positive.
1. Piramal Pharms:- Piramal Pharma's share price soared over 9% on January 13, bucking weak market trends. Despite the Sensex decline, the stock opened at ₹217.85 and reached ₹242.60, marking its largest intraday increase since November 2024.
2. Happiest Minds:- Happiest Minds Technologies stock price went up today, 13 Jan 2025, by 1.1 %. The stock closed at 706.6 per share. The stock is currently trading at 714.4 per share. Investors should closely monitor Happiest Minds Technologies' stock price in the coming days and weeks to see how it reacts to the news.
1. Ircon Internati:- Ircon International's stock rose by 6.9% on January 16, 2025, outperforming its sector by 1.15%. The stock gained for three consecutive days, totaling an 8.91% return. It opened with a 2.79% increase and reached an intraday high of Rs 198.55 despite a monthly decline of 11.82%.
2. Jupiter Wagons:- RVNL, IRFC, IRCON, RailTel, Jupiter Wagons share price, railway stocks: Railway PSU stocks rallied on Dalal Street amid an overall buying in Indian equities. Read on to learn why shares of RVNL, IRFC, and other railway stocks are rising today.
As of January 16, 2025, the Indian stock market exhibited notable movements in specific stocks:
These movements highlight the dynamic nature of the Indian stock market, with significant variances in stock performances across different sectors.
Key Stock Movements in the Indian Market Today
State Bank of India outperforms the market on a strong trading day
