Finance
Stock Market Crash Highlights, Monday, January 6, 2025: The benchmark equity indices, the BSE Sensex and the NSE Nifty50, closed the week’s first trading session on a negative note, down by more than 1% apiece, pulled by selling pressure across the counters.
The 30-share Sensex fell 1,258.12 points, or 1.59%, to close at 77,964.99. Today, the index traded between 79,532.67 and 77,781.62.
Mirroring the Sensex, the NSE Nifty50 fell 388.70 points, or 1.62 percent, to 23,616.05. On Monday, the Nifty50 peaked at 24,089.95 and fell to 23,551.90.
The day concluded in favor of the bears, as 43 of the 50 member stocks of the Nifty50 fell, led by Trent, Tata Steel, BPCL, NTPC, and Adani Enterprises, with losses ranging up to 4.60 percent. Meanwhile, Apollo Hospitals, Tata Consumer Products, Titan Company, HCL Tech, and ICIC Bank were among the seven member stocks that closed higher, with gains of up to 1.94 percent.
The fear index, or India VIX, which measures market volatility, fell 15.58 percent to 15.65 points.
Broader markets matched the benchmarks, with the Nifty Smallcap100 and Nifty Midcap100 indices falling 2.70 percent and 3.20 percent, respectively.
All sectoral indices finished in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda.
Source: BS
