The BSE Sensex tumbled by 1,258.12 points, or 1.59%, closing at 77,964.99. The index fluctuated between an intraday high of 79,532.67 and a low of 77,781.62.
Similarly, the NSE Nifty50 dropped 388.70 points, or 1.62%, to settle at 23,616.05. The Nifty50’s intraday movements saw it peak at 24,089.95 and dip to 23,551.90.
Nifty Smallcap100 declined by 2.70%
Nifty Midcap100 dropped by 3.20%
Impact on the stock market
All sectoral indices ended in the red, reinforcing the bearish sentiment. The worst performer was the Nifty PSU Bank index, which fell by 4%, driven by losses in Union Bank of India and Bank of Baroda.
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| Sector/Index | Performance |
| IT & BPM sector | -0.12% |
| Healthcare sector | -0.61% |
| Oil & Gas sector | -2.89% |
| Real estate sector | -3.16% |
| PSU Bank in India | -4.00% |
Top gainers today
| Company | Price | Change % |
| Apollo Hospital Share Price | 7,429.15 | 1.79 |
| TATA Cons. Prod Share Price | 946.90 | 0.79 |
| Titan Company Share Price | 3,470.40 | 0.54 |
| HCL Tech Share Price | 1,953.05 | 0.33 |
Top losers today
| Company | Price | Change % |
| Tata Steel Share Price | 132.18 | -4.47 |
| Trent Share Price | 6,998.35 | -4.23 |
| BPCL Share Price | 284.85 | -3.90 |
| Coal India Share Price | 378.75 | -3.79 |
| NTPC Share Price | 327.50 | -3.63 |
Market aftermath: Impact on stocks
Gensol Engineering – An 8% jump on a contract win
Gensol Engineering’s shares surged 8.6% to Rs 759 per share after the company secured an EPC contract valued at Rs 1,062 crore. The contract involves the development of a 275 MW Solar PV Project at the RE Solar Park, Khavda, Rann of Kutch, Gujarat. This includes three years of operation and maintenance services.
CEO Shilpa Urhekar highlighted that the deal aligns with India’s clean energy goals, boosting confidence in the company’s growth.
Jubilant Foodworks – 52-week high after positive Q3 update
Jubilant Foodworks climbed 5% to hit a fresh 52-week high of Rs 796 per share. This rally, extending over four consecutive days, reflects optimism around the company’s 56% YoY growth in consolidated revenue for Q3FY25.
Revenue reached Rs 2,156 crore, largely driven by steady demand and the acquisition of DP Eurasia. On a standalone basis, revenue grew by 19% YoY to Rs 1,611 crore.
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Easy Trip Planners – 17% surge following promoter clarification
Shares of Easy Trip Planners soared 17% after ex-CEO Nishant Pitti reassured investors via social media that no further promoter selling would take place. Pitti’s comments came shortly after his personal stake was reduced to 12.8% following a sale on December 31, 2024. The overall promoter holding now stands at 48.97%.
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Crude oil – A minor dip despite demand expectations
Crude oil futures traded lower on January 6, even as cold weather in the US and Europe was expected to boost heating oil demand.
- January crude oil futures (MCX) fell to ₹6341, down 0.50% from the previous close of ₹6373.
- February futures were at ₹6306, reflecting a 0.44% dip.
- On the global stage, March Brent oil futures settled at $76.33, down by 0.24%, while WTI crude was priced at $73.81.
Market observers noted that while China’s efforts to boost economic growth may increase crude demand, uncertainties around Iran’s oil production due to potential US sanctions could weigh on future supply.
Conclusion
The Indian stock market started the week on a rough note, with heavy losses across indices. Despite individual stock success stories like Gensol Engineering, Jubilant Foodworks, and Easy Trip Planners, the overall sentiment remained negative. With the PSU Bank index leading the declines and broader markets also underperforming, investors are left awaiting further cues to gauge the market direction for the rest of the week.
For more stock market insights, check out the StockGro blog.
