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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. Here's a comprehensive look at how the markets unfolded.
The indices remained under pressure as profit booking in heavyweight stocks offset gains from select sectors.
I) Nifty: opened at 23746 and touched a high of 23751, then a low of 23496, and closed at 23688 with a total of -18 points in Negative.
II) Bank Nifty: opened at 50201 and touched a high of 50246, then a low of 49389, and closed at 49835 with a total of -367 points negative.
III) CNX Finance: opened at 23420 and touched a high of 23444, then a low of 23050, and closed at 23236, with a total of -194 points in Negative.
IV) Nifty Mid Select: open 12760 and touched a high of 12762, then a low of 12420, and closed at 12562, With a total of -177 points in Negative.
1. Phoenix Mills: Ltd. saw a 3.32% rise in its stock price on January 8, 2025, outperforming its sector by 4.68%. The stock opened with a 2.62% gain and reached an intraday high of Rs 1627.15. Despite recent gains, it remains below several key moving averages and has declined 8.27% over the past month.
2. MMTC Ltd: MMTC, MSTC share price: Around 42.94 million shares have changed hands on the MMTC counter, combined, on the BSE and NSE, while 0.96 million shares have changed hands on the MSTC counter
1. Dixon Technology: Among electronics manufacturing service providers, Dixon's share price slipped the most, falling 8 percent, followed by Amber Enterprises and Kaynes Tech, which lost around 4 percent each.
2. One 97 Paytm: Paytm stock price went down today, 08 Jan 2025, by -8.2 %. The stock closed at 982.6 per share. The stock is currently trading at 902.05 per share. Investors should monitor Paytm stock price closely in the coming days and weeks to see how it reacts to the news.
As of January 8, 2025, the Indian stock market experienced a slight decline, with the BSE Sensex falling by 0.06% to 78,148.77 points and the Nifty50 decreasing by 0.09% to 23,686.05 points.
Despite the overall downturn, Maruti Suzuki India Ltd. outperformed the market, with shares rising by 0.77% to ₹11,818.05.
In contrast, Larsen & Toubro Ltd. underperformed, with shares declining by 1.26% to ₹3,596.15.
Additionally, Reliance Industries saw a 2% increase following a positive buy rating from Jefferies.
Key Movements in the Indian Stock Market on January 8, 2025
Maruti Suzuki India outperforms the market on strong trading day
MarketWatchLarsen & Toubro underperforms Wednesday when compared to competitorsTodayReutersIndian shares fall on earnings worries today
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