Sensex and Nifty50 end lower
Sensex: 79,223.11 (-720.60 points, -0.90%)
Nifty50: 24,004.75 (-183.90 points, -0.76%)
The trading session saw the Sensex oscillating between 80,072.99 (day’s high) and 79,147.32 (day’s low). Nifty50 followed a similar pattern, peaking at 24,196.45 but dipping to a low of 23,978.15. This drop pulled down investor sentiment, reflecting profit booking across sectors.
The Bank Nifty bore the brunt, shedding 616 points to close at 50,988.80, primarily due to sharp losses in HDFC Bank (-2.53%) and ICICI Bank (-1.94%).
Impact on the stock market
The sectoral indices ended mixed:
- Bank Nifty: 50,988.80 (-616 points, -1.19%) – dragged by HDFC Bank (-2.53%) and ICICI Bank (-1.94%).
- Nifty IT and Financial Services: Ended lower by up to 1.41%.
- Nifty FMCG, Media, Metal, PSU Bank, and OMC: Ended higher, gaining up to 1.26%.
Despite the overall decline, some sectors managed to show resilience, highlighting selective buying and defensive positioning.
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| Sector/Index | Performance |
| IT & BPM sector | -1.41% |
| Healthcare sector | -1.16% |
| Oil & Gas sector | 1.26% |
| Real estate sector | -0.62% |
| PSU Bank in India | 0.31% |
Top gainers today
| Company | Price | Change % |
| ONGC Share Price | 258.89 | 5.21 |
| Tata Motors Share Price | 790.40 | 3.31 |
| Titan Company Share Price | 3,451.65 | 1.85 |
| SBI Life Insura Share Price | 1,447.70 | 1.79 |
| HUL Share Price | 2,406.25 | 1.53 |
Top losers today
| Company | Price | Change % |
| Wipro Share Price | 294.45 | -3.08 |
| HDFC Bank Share Price | 1,749.20 | -2.48 |
| Tech Mahindra Share Price | 1,689.45 | -2.17 |
| Adani Ports Share Price | 1,199.55 | -2.16 |
| ICICI Bank Share Price | 1,265.05 | -1.98 |
Market aftermath: Impact on stocks
ITI Ltd – A 20% upper circuit
Shares of ITI Ltd soared by 20% to touch ₹ 456.5, marking its biggest single-day gain in the past nine months. This rally was driven by high trading volumes nearing 9 crore shares.
- Market Cap: ₹ 43,936.56 crore
- Total gain since April 2024: 70%
- Reason for surge: ITI secured a ₹ 95 crore contract from the Directorate of Geology & Mining, Uttarakhand, to implement a Mining Digital Transformation & Surveillance System (MDTSS). This project aims to modernize mining operations using cutting-edge technology.
You may also read: ITI Stock Surges to Record High, Jumping 18% in 2 Days
Shiva Texyarn Ltd – 12% surge on Air Force order
Shiva Texyarn surged 11.92% after winning a ₹ 36.19 crore order from the Indian Air Force for the supply of 16,000 pairs of NBC Suits (Nuclear, Biological, and Chemical).
- Order Value: ₹ 36.19 crore
- Order Delivery: January 3 to August 31, 2025
This win underscores the company’s strength in protective gear manufacturing and its solid relationship with the Indian Armed Forces.
Afcons Infrastructure – 7% rise on DRDO order
Afcons Infra climbed 7% after securing a ₹ 1,080 crore order from the Defence Research and Development Organisation (DRDO) for ship lift facility augmentation at Visakhapatnam.
- Stock Peak: ₹ 570
- Current Value: ₹ 553.90
- Listing Performance: Stock has risen nearly 35% since its November 2024 listing.
Also read: Afcons Infrastructure Sets Stage for ₹5430 Cr IPO
Crude oil markets rise on Chinese optimism
Crude oil prices edged higher, fueled by positive economic sentiments from China. President Xi Jinping’s optimistic outlook for 2025 has sparked hopes for greater demand for commodities.
| Commodity | Current Price | Change (%) |
| Brent Oil | $74.86 | 0.0029 |
| WTI Oil | $71.95 | 0.0032 |
| MCX Crude | ₹ 6,183 | 0.0019 |
China, being one of the largest consumers of crude oil, plays a crucial role in the global oil price movement. Xi Jinping’s remarks about 5% GDP growth in 2024 fueled market optimism, nudging oil prices higher.
Conclusion
The Indian stock market experienced a day of mixed outcomes. While the broader indices closed in the red, individual stocks like ITI, Shiva Texyarn, and Afcons Infra capitalised on positive announcements and contract wins.
Sectoral indices painted a diverse picture, reflecting cautious investor sentiment. Crude oil futures added to the positive market sentiment globally, driven by Chinese growth optimism.
Investors are advised to keep an eye on corporate announcements and global market cues, as these factors are likely to shape market movements in the coming weeks.
For more stock market insights, check out the StockGro blog.
