Indian Stock Market on 17.01.25

KEY ECONOMIC INDICATORS

WORLD ECONOMIC INDICATORS

Stocks
Change
๐Ÿ‡ฎ๐Ÿ‡ณ Nifty 50
- 0.47%
๐Ÿ‡ฎ๐Ÿ‡ณ Sensex
- 0.55%
๐Ÿ‡ฎ๐Ÿ‡ณ India VIX
- 1.47%
๐Ÿ‡บ๐Ÿ‡ธ S&P 500
+ 0.87%
๐Ÿ‡บ๐Ÿ‡ธ Nasdaq
- 0.27%
๐Ÿ‡บ๐Ÿ‡ธ Dow Jones
+ 1.24%
๐Ÿ‡ช๐Ÿ‡บ Euro Stoxx
+ 0.80%
๐Ÿ‡จ๐Ÿ‡ณ China A50
- 0.01%
๐Ÿ‡จ๐Ÿ‡ณ DJ Shanghai
+ 0.41%
๐Ÿ‡ฌ๐Ÿ‡ง FTSE 100
+ 1.35%
๐Ÿ‡ฏ๐Ÿ‡ต Nikkei 225
- 0.41%
๐Ÿ‡ฎ๐Ÿ‡ฉ IDX Composite
+ 0.66%
๐Ÿ‡ธ๐Ÿ‡ฆ Tadawul All Share
+ 0.36%

TOP GAINERS ON THE INDIAN STOCK MARKET

Stocks
Change
Reliance Industries
+ 2.57%
Nestle India
+ 2.26%
Tata Steel
+ 1.96%
Asian Paints
+ 1.95%
ITC
+ 1.70%

TOP LOSERS ON INDIAN STOCK MARKET

Stocks
Change
Infosys
- 5.77%
Axis Bank
- 4.71%
Kotak Mahindra Bank
- 2.58%
Wipro
- 2.15%
Mahindra & Mahindra
- 2.11%

OVERVIEW

Indian stock markets ended on a negative note on Friday, January 17, as weak earnings from major companies like Infosys and Axis Bank led to a sharp sell-off in banking and IT stocks. The Nifty index closed 0.47% lower at 23,311.8, after reaching a high of 23,292.1 and a low of 23,100.35. Similarly, the Sensex dropped 0.55%, closing at 77,042.82, reflecting a decline of 423.49 points from its opening price.

While the frontline indices struggled, the broader market showed resilience. The Nifty Midcap 50 ended 0.05% higher, and the Nifty Small Cap 100 gained 0.16%, closing at 17,643.3. The mid- and small-cap stocks continued their outperformance, marking their fourth consecutive day of gains.

The marketโ€™s decline was largely due to disappointing results from IT giant Infosys and private lender Axis Bank. Infosys dropped 5.4% after its quarterly revenue exceeded estimates but raised concerns about the quality of earnings, driven by a higher proportion of third-party items in its deal pipeline. Axis Bank fell 5.2% as its quarterly profit missed expectations, impacted by slower loan growth and higher provisions for bad loans.

Despite the losses in key stocks, the market was supported by gains in heavyweights like Reliance Industries, which rose 2.2% after reporting strong profits in its retail and telecom divisions. Other stocks, including BPCL, Hindalco, Coal India, Nestle India, and Bharat Electronics, also posted gains of 2%โ€“2.5%.

Gold prices hit a two-month high, trading at โ‚น80,630 per 10 grams, supported by hopes of rate cuts by the US Federal Reserve in 2025. Meanwhile, oil prices continued their upward trajectory, with Brent crude futures rising 0.7% to $81.84 per barrel, heading for a fourth consecutive week of gains amid sanctions on Russian energy exports.

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