Here are the key market updates for this week 🌐📊
1. Nifty50 ended at 23,203.20, with a decline of 1.47% on Monday, a slight recovery of 0.39% on Tuesday, followed by a modest rise of 0.16% on Wednesday, a 0.42% gain on Thursday, and a drop of 0.47% on Friday.
2. Nifty Metal gained 1.46%, while Nifty CPSE rose by 1.28%. However, Nifty Media fell 5.87%, Nifty Realty dropped 5.19%, and Nifty Consumer Durables decreased by 4.68%.
3. Nifty Midcap 100 gained 0.04%, closing at 54,607.65, while Nifty Smallcap 250 declined by 0.79%, closing at 16,700.50. The India VIX rose by 5.58% to 15.75, and the USD-INR increased by 0.47% to 86.55. Gold gained 0.57%, closing at ₹2,705.21, and Brent Crude Oil rose 1.75% to $81.37.
4. Hindalco Industries Ltd. rose by 7.41%, NTPC saw a rise of 5.81%, HDFC Life Insurance climbed by 5.51%, Coal India increased by 5.20%, Reliance Industries Ltd. gained 4.87%.
5. HCL Technologies declined by 10.34%, Infosys dropped 7.70%, Wipro fell by 6.19%, Mahindra & Mahindra Ltd. lost 5.67%, Trent Ltd. dropped by 5.58%.
6. The Stallion India Fluorochemicals Ltd. IPO is live from January 16-20 with a price band of ₹85 to ₹90 and a minimum lot size of 165 shares.
7. Sensex shed 423 points, with Nifty closing at 23,203. Reliance Industries saw a 3% gain, while Infosys slid 6%. Waaree Renewable Tech plunged 7% after reporting a 16% drop in profits for Q3FY25. HFCL shares surged 4% after securing a ₹2,501 crore contract from BSNL.
Stay updated with evolving market trends and insights as we monitor the economic landscape.💡📈
