Finance
Stock Market Highlights, Friday, January 17, 2025:The final trading session of the week ended in negative territory for benchmark market indices, which had lost their three-day winning streak. To close at 76,639.58, the 30-share Sensex dropped 403.24 points, or 0.52%, while trading between 77,069.19 and 76,263.29.
Similarly, the NSE Nifty50 dropped 108.60 points, or 0.47 percent, to close at 23,203.20. The day’s high for the Nifty50 was 23,292.10, and the day’s low was 23,100.35.
Reliance Industries, BPCL, Hindalco, and Coal India led the gains, with 29 of the 50 stocks that make up the Nifty50 closing higher. On the other hand, 21 component stocks ended the day lower, with losses reaching 5.75 percent for Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro.
The Nifty Midcap100 and Nifty Smallcap 100 indices ended the day up 0.23 and 0.16 percent, respectively, compared to the overall markets.
Sectoral markets had a mixed finish, with the Nifty IT and Private Bank indexes falling more than 2% each to finish as the biggest laggards. The Bank Nifty and Financial Services indices, which finished below 1% each, came next. The Nifty FMCG, Metal, OMCs, and Realty indices, among others, saw gains of up to 1.56% at the end.
Source: BS
