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The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably. We do not give you any buy/sell tips. This article is for Educational purposes only.

Indian Indices

I) Nifty: opened at 23277 and touched a high of 23292, then a low of 23100, and closed at 23203 with a total of -108 points in Negative.

II) Bank Nifty: opened at 48959 and touched a high of 49047, then a low of 48309, and closed at 48540 with a total of -738 points Negative.

III) CNX Finance: opened at 22803 and touched a high of 22839, then a low of 22518, and closed at 22608, with a total of -335 points in Negative.

IV) Nifty Mid Select: open 12234 and touched a high of 12288, then a low of 12147, and closed at 12249, With a total of +31 points in Positive.

NSE Advance and Decline

Nifty 500 Top Gainer Market

1. BLS International:- reported a gain of 7.52% on January 17, 2025, outperforming its sector by 5.65%. The stock reached an intraday high of Rs 487.15 and a low of Rs 441.95. It is trading above all key moving averages, contrasting with the Sensex's decline of 0.38%.

2. NBCC (India):- NBCC (India) shares surged 10.4% to Rs 96.95 amid a spike in trade volume, reaching Rs 344.12 crore. Despite a 63% rise over the past year, the stock has fallen in the last 3-6 months. It remains above short-term moving averages but below long-term EMAs. The govern

Nifty 500 TOP LOSER Market

1. Sterling Wilson:-  Sterling and Wilson Renewable Energy (SW Solar) shares dropped 6.2% despite returning to profitability in Q3 FY24, posting a Rs 14.83 crore profit. Revenue surged 202% to Rs 1,842.67 crore. Leadership changes include a new interim CFO and Global CEO. Despite recent volatility, analysts maintain a 'buy' rating with a target price of Rs 822.

2. Kalyan Jewellers:- Kalyan Jewellers share price: On Friday, the stock tanked 6.63 percent to hit a day low of Rs 503.25. At this price, it has corrected 36.66 percent from its record high of Rs 794.60.

Sectoral Performance

Outperforming stocks vs. nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

Here are the key stock-specific headlines from the Indian stock market on January 17, 2025:

• Infosys and Axis Bank Lead Market Decline: India's benchmark indices fell, with significant losses in Infosys and Axis Bank following their quarterly results. The Nifty 50 dropped by 0.35% to 23,229.1 points, and the BSE Sensex fell by 0.45% to 76,699.08 points. Axis Bank saw a 5.2% decline after missing profit estimates due to slower loan growth and increased bad loan provisions. Infosys fell by 5.4% despite beating revenue estimates, with concerns about the quality of results driven by third-party items in its deal pipeline. Reuters
• Reliance Industries Gains on Strong Quarterly Results: Reliance Industries, the second-heaviest stock on the index, gained 2.2% after exceeding profit estimates due to strong demand in its retail and telecom units. Reuters
• Tech Mahindra Outperforms Competitors Despite Losses: Tech Mahindra Ltd. saw its shares fall by 1.81% to 1,658.85 Indian rupees, outperforming competitors like Infosys Ltd., which dropped 5.77%, and Tata Consultancy Services Ltd., which fell 1.95%. MarketWatch
• Tata Steel Rises, Outperforms Market: Tata Steel Ltd. shares rose by 1.96% to 130.30 Indian rupees, outperforming the broader market downturn. MarketWatch

Key Stock Movements in the Indian Market on January 17, 2025

Reuters

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