KEY INDICATORS
World economic indicators
|
Stocks
|
Change
|
|---|---|
|
🇮🇳 Nifty 50
|
- 1.62%
|
|
🇮🇳 Sensex
|
- 1.59%
|
|
🇮🇳 India VIX
|
+ 14.83%
|
|
🇺🇸 S&P 500
|
+ 0.99%
|
|
🇺🇸 Nasdaq
|
+ 1.76 %
|
|
🇺🇸 Dow Jones
|
+ 0.78%
|
|
🇪🇺 Euro Stoxx
|
+ 2.35%
|
|
🇨🇳 China A50
|
- 0.37%
|
|
🇨🇳 DJ Shanghai
|
- 0.19%
|
|
🇬🇧 FTSE 100
|
+ 0.31%
|
|
🇯🇵 Nikkei 225
|
- 1.47%
|
|
🇮🇩 IDX Composite
|
- 1.17%
|
|
🇸🇦 Tadawul All Share
|
+ 0.29%
|
Top Gainers on Indian Stock Market
|
Stocks
|
Change
|
|---|---|
|
Tata Motors
|
+ 3.06%
|
|
Bajaj Auto
|
+ 2.34%
|
|
Axis Bank
|
+ 1.56%
|
|
Maruti Suzuki india
|
+ 1.51%
|
|
SBI Life Insurance Company
|
+ 1.17%
|
Top Losers on Indian Stock Market
|
Stocks
|
Change
|
|---|---|
|
Adani Ports & Special Economic Zone
|
- 1.41%
|
|
Cipla
|
- 1.39%
|
|
Bharti Airtel
|
- 1.08%
|
|
HDFC Life Insurance Company
|
- 1.03%
|
|
Asian Paints
|
- 0.92%
|
TOP NEWS
- RBL Bank’s Stock Gains Amid Positive Deposit Growth
- PSU Bank Stocks Take a Beating After Underwhelming Updates
- ITC Unveils New Chapter with Hotel Business Demerger
- Adani Ports Keeps Growth Momentum
- Titan’s Sparkling Quarter Sends Shares Soaring
- Gensol Engineering Shines with New Solar Win
- Equinox India’s Merger Sparks a 20 Percent Rally
- Indo Farm Equipment’s IPO Debut Stays on Track
- Easy Trip Planners Sees a Sharp Rally After Promoter Assurance
- Nykaa Parent Sees a Boost as Investors Celebrate Solid Growth Numbers
- Dolly Khanna’s Stake Sparks a Rally in Indian Metals & Ferro Alloys
OVERVIEW
It was a rough day for the Indian stock market on January 6, as both the Nifty and Sensex ended in steep losses, dropping over 1.5%. The Nifty closed at 24004.75, shedding 1.62%, while the Sensex followed suit, slipping 1.59% to settle at 79223.11. The market’s storm was triggered by unsettling news about a new virus outbreak in China, which sent waves of panic through investors. The Nifty briefly hit a high of 24089.95 but couldn’t hold onto the gains, plummeting to 23551.9 before closing. The Sensex saw similar wild swings, hitting a high of 79532.67 and falling to 77781.62 during the day. The broader market took an even worse beating, with small-cap stocks particularly underperforming. The Nifty Small Cap 100 sank by 3.2%, while the Nifty Midcap 50 dropped 2.68%.
Across the board, it was heavy selling, with all major sectoral indices closing in the red. Nifty PSU Bank, Nifty Metal, Nifty Energy, Nifty Realty, and Nifty Media were the hardest hit, down between 2.5% and 4%. The pain wasn’t limited to just sectors—individual stocks like ITC, Tata Steel, and Trent saw significant losses, with ITC tumbling 8.1% alone. Many blue-chip names also bled, including BPCL, Coal India, NTPC, Adani Enterprises, and Kotak Mahindra Bank, all seeing losses between 3% and 4%.
It wasn’t just India feeling the pinch. Most Asian markets dropped, too, amid concerns over potential changes in U.S. trade policy under President-elect Donald Trump. Japan’s Nikkei 225 lost 1.47%, while Hong Kong’s Hang Seng and Shanghai Composite also posted small declines.
Even commodities weren’t spared. Gold prices dipped slightly, with 24-carat gold in India falling ₹10 to ₹7887.3 per gram, while crude oil futures also slid. Brent crude dropped 28 cents to $76.02, and U.S. WTI slipped 33 cents to $73.23 a barrel.
In short, the market is feeling the heat, and the fear sparked by the virus scare in China is making everyone a little jittery. The sell-off shows how quickly investor sentiment can shift, and with broader market indices in retreat, it’s a reminder that volatility can strike without warning.