Stock market today: The bears came to Dalal Street in full force on Friday, January 3, a day after the stock benchmark index rose nearly 2% and maintained their dominance till the end.
The general index rose 0.9% due to strong selling in IT and finance-related sectors.
At the close of trade, the S&P BSE SENSEX fell 720.60 points or 0.90% to 79,223.11, while the broader NIFTY50 index fell 183.90 points or 0.76% to end at 24,004.75.
Analysts say the market has lost momentum as many remain pessimistic due to slowing growth, rising domestic valuations, foreign capital outflows and uncertainty over U.S. trade policy following Trump’s return as president. .
However, both indexes rose 1% for the week.
I would like to introduce the main developments in today’s session.
Top gainers and losers
Of the 50 constituent stocks of the NIFTY50 index, 32 stocks declined and 18 stocks rose.
The top five losers were Wipro, HDFC Bank, Adani Ports, Tech Mahindra and Cipla.
Meanwhile, the biggest decliner was Zomato (down 4.27%).
market statistics
Of the 4,103 stocks traded on the BSE, 2,117 were up, 1,869 were down and 117 were unchanged.
199 stocks hit 52-week highs and 23 stocks hit 1-year lows.
Additionally, 11 stocks reached the upper circuit and 3 stocks reached the lower circuit.
trending stocks
Avenue Supermarts: Shares of Avenue Supermarts, the owner and operator of supermarket chain D-Mart, rose on January 3 after the company released its December quarter (3QFY25) financial update. It rose as much as 15 per cent to 4,152.75 per share on the NSE on Friday.
The company announced that standalone operating revenue for the quarter ended December 31, 2024 (QE) increased by 17.49% year-on-year to Rs 15,565.23 crore.
As of the end of December 2024, the total number of stores is 387, with 10 new stores added during the same quarter.
In the end, the stock price increased by 11.10% to close at 4,011.90 ₹.
Cupid: The stock closed 4.57 per cent higher at Rs 79.20 per share on the NSE as the company received an order for supply of male condoms worth around Rs 14.91 billion from the Tanzania Government Medical Stores Authority.
Bank of Maharashtra: The financial institution reports business update for Q3 FY25, with total business up 16.9% year-on-year to Rs 5,080 crore, from Rs 4,340 crore a year ago. Increased.
Total advances increased by 21.2% to Rs 2,290 crore due to strong credit demand. Total deposits increased by 13.5% year-on-year from Rs 2,460 crore to Rs 2,790 crore.
broader market
The BSE Midcap index fell by 155.83 points or 0.33% to end at 46,936.08, while the BSE Smallcap index fell by 10.99 points or 0.02% to end at 56,116.21.
sector watch
The main decliners in the day’s trading were IT stocks, banking stocks, and capital goods stocks.
BSE Information Technology index fell by 580.31 points or 1.31% to end at 43,679.26 and BSE BANKEX ended at .
It fell 628.11 points (1.07%) to 57,927.72.
Meanwhile, the BSE OIL&GAS index fell by 393.28 points or 1.49% to settle at 26,818.40.
