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Indian Indices

I) Nifty: opened at 24045 and touched a high of 24089, then a low of 23551 and closed at 23616 with a total of -388 points in Negative.

II) Bank Nifty: opened at 50990 and touched a high of 51026, then a low of 49751, and closed at 49922 with a total of -1066 points Negative.

III) CNX Finance: opened at 24000 and touched a high of 24035, then a low of 23701, and closed at 23735, with a total of -271 points in Negative.

IV) Nifty Mid Select: open 13053 and touched a high of 13054, then a low of 12656, and closed at 12696, With a total of -313 points in Negative.

NSE Advance and Decline

Nifty 500 Top Gainer Market

1. ITI Ltd shares:- ITI shares surged 19.3% on Monday, reaching Rs 545.55, driven by strong financial results, investor confidence, and government infrastructure projects. Despite a 52-week low in October, the company has seen impressive growth, with a 348% return in the past year. ITI reported a 312.3% YoY revenue increase and is involved in major telecom projects like BharatNet.

2. PTC Industries:- a key player in the transmission towers sector, saw its stock rise by 5.16% to Rs 14,999 on January 6, 2025, nearing its 52-week high. The company outperformed its sector by 5.54%, while the Sensex declined by 1.27%. Over the past month, the stock surged by 31%.

Nifty 500 TOP LOSER Market

1. HEG:- Ltd, a midcap company in the Electrodes and Welding Equipment sector, fell by 6.27% on January 6, 2025, underperforming the sector's 2.96% decline. The stock reached an intraday low of Rs 497.1 and has dropped 11.90% over the past month, compared to a 4.37% decrease in the Sensex.

2. Union Bank:- Union Bank's Q3FY25 deposits rose 3.8% YoY to Rs 12.16 lakh crore but declined 2% QoQ. Advances grew 5.9% YoY to Rs 9.49 lakh crore, with a 2.2% sequential increase. The modest growth reflects a mixed performance in key financial metrics during the quarter.

Sectoral Performance

Outperforming stocks vs. nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

On January 6, 2025, the Indian stock market experienced significant movements influenced by various sector performances and company-specific developments.

Market Overview:

• Indices Performance: The Nifty 50 rose by 0.1% to 24,032 points, while the BSE Sensex increased by 0.19% to 79,377.53 points.
• Sector Movements: Gains in IT stocks were counterbalanced by declines in state-owned banks and consumer stocks following lackluster quarterly updates from key companies.

Notable Stock Movements:

• HCL Technologies Ltd.: Shares edged up by 0.26% to ₹1,952.35, outperforming the broader market. The stock is approaching its 52-week high of ₹1,991.95. MarketWatch
• Mahindra & Mahindra Ltd.: Shares declined by 2.58% to ₹3,105.10, underperforming the market and closing ₹132.50 below its 52-week high. MarketWatch
• Titan Co. Ltd.: Shares increased by 0.60% to ₹3,469.75, despite overall market challenges, closing ₹415.25 below its 52-week high. MarketWatch

Sector Highlights:

• Information Technology: The sector gained 1%, with nine out of ten constituents rising, supported by positive revenue growth forecasts.
• State-Owned Banks: The sector fell by 2.2%, led by Union Bank of India, which dropped 6% after reporting declines in total business and deposits for the quarter ending December 31.
• Consumer Stocks: Declined by 1%, with Dabur India leading the fall after estimating low single-digit sales growth for the December quarter.

Upcoming Events:

• Earnings Season: The third-quarter earnings season is set to begin, with Tata Consultancy Services scheduled to report on January 9.

These developments highlight the dynamic nature of the Indian stock market, influenced by sector performances and company-specific news.

Key Stock Movements in the Indian Market on January 6, 2025

Sources

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