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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. Indian markets fell on Jan 9, 2025; Sensex and Nifty declined Markets down.
On January 9, 2025, the Indian stock market continued to show signs of caution, following a mixed session on the previous day. The Sensex and Nifty indices ended the day in the red, reflecting subdued investor sentiment. The market experienced volatility, driven by concerns over global and domestic factors, and profit booking in heavyweight stocks overshadowed gains in select sectors. While some sectors performed well, the overall market struggled under the pressure of these declines, continuing the cautious trend observed the previous day. Investors remain wary, with global cues and domestic uncertainties weighing heavily on market sentiment.
I) Nifty: opened at 23674 and touched a high of 23689, then a low of 23503, and closed at 23526 with a total of -162 points in Negative.
II) Bank Nifty: opened at 49712 and touched a high of 49798, then a low of 49230, and closed at 49503 with a total of -331 points negative.
III) CNX Finance: opened at 23179 and touched a high of 23221, then a low of 22924, and closed at 23026, with a total of -209 points in Negative.
IV) Nifty Mid Select: open 12601 and touched a high of 12660, then a low of 12461, and closed at 12481, With a total of -81 points in Negative.
1. SRF: A $1/kg rise in R32 refrigerant prices could boost SRF's EBITDA by Rs 260 crore and Navin Fluorine's by Rs 77 crore.
2. Balaji Amines: Balaji Amines, a midcap chemicals company, rose by 7.27% on January 9, 2025, outperforming its sector by 5.97%. The stock reached an intraday high of Rs 1858 despite a monthly decline of 8.43%. It is currently above its 5-day moving average but below longer-term averages.
1. ITI: ITI Limited is a state-run company. The PSU stock hit the lower circuit today after hitting back-to-back upper circuit 20 percent in the last two trading sessions each.
2. Aegis Logistics: reached a record stock price of Rs 933 on January 7, 2025, outperforming its sector by 5.98%. The stock gained 12.32% over two days and has increased by 199.24% in the past year, significantly exceeding the Sensex's 8.55% growth during the same period.
On January 9, 2025, Indian stock markets experienced a downturn, with the BSE Sensex falling by 0.68% to 77,620.21 points and the Nifty 50 declining by 0.2% to 23,645.9 points.
Concerns over a potential moderation in corporate earnings for the fourth quarter and uncertainties regarding U.S. interest rate policies influenced this decline.
HSBC downgraded Indian stocks to 'neutral,' citing slowing growth and high valuations, reducing their 2025 target for the BSE Sensex by 5% to 85,990.
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