The BSE Sensex recovered approximately 650 points from its lowest point of the day to close at 78,141.06, down by 58 points or 0.07%. The index fluctuated within the range of 77,486.79 to 78,319.45.
Similarly, the NSE Nifty50 shed 19 points or 0.08%, finishing at 23,688.95. During the session, Nifty hit an intraday high of 23,751.85 and a low of 23,496.15.
Broader indices mirrored this volatility. The Nifty Midcap100 declined by 1.05%, ending at 56,270.60, while the Nifty Smallcap100 fell by 1.65%, closing at 18,365.65.
Impact on the stock market
The Indian stock market on January 8, 2025, saw mixed performances across sectors. Nifty IT emerged as the top gainer, rising by 0.60%, followed by Nifty FMCG, which gained 0.44%.
On the losing side, Nifty Consumer Durables led the decline with a drop of 2.16%, while Nifty Healthcare fell by 1.09% and Nifty Pharma slipped 0.94%. Nifty Financial Services also recorded a loss of 0.83%.
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| Sector/Index | Performance |
| IT & BPM sector | 0.60% |
| Healthcare sector | -1.09% |
| Oil & Gas sector | 1.54% |
| Real estate sector | -0.16% |
| PSU Bank in India | -0.79% |
Top gainers today
| Company | Price | Change % |
| ONGC Share Price | 271.33 | 2.98 |
| Reliance Share Price | 1,265.50 | 1.99 |
| TCS Share Price | 4,108.40 | 1.99 |
| ITC Share Price | 449.55 | 1.92 |
| Asian Paints Share Price | 2,334.35 | 1.82 |
Top losers today
| Company | Price | Change % |
| Apollo Hospital Share Price | 7,142.65 | -3.95 |
| Trent Share Price | 6,699.10 | -2.55 |
| Shriram Finance Share Price | 2,898.75 | -2.02 |
| Bajaj Auto Share Price | 8,642.25 | -1.91 |
| Adani Ports Share Price | 1,152.30 | -1.85 |
Market aftermath: Impact on stocks
Bartronics India – Semiconductor Boost
Bartronics India Ltd. hit its 5% upper circuit today, trading at ₹24.62 per share. This surge came after the company signed a Memorandum of Understanding (MoU) with Singapore’s PTW Group to establish a semiconductor unit in India.
The MoU signifies PTW Group’s entry into India’s market and is expected to drive semiconductor production, refurbishing, and workforce training. The deal also aligns with the Indian government’s push to develop the nation as a global semiconductor hub.
Notably, Telangana’s IT Minister Sridhar Babu Duddilla highlighted PTW Group’s ₹1,000 crore investment in Hyderabad’s Fourth City, underscoring the region’s growing significance in the semiconductor space.
Kalyan Jewellers – Profit Booking Weighs Down Stock
After hitting a record high on January 2, 2025, Kalyan Jewellers saw its share price slide by 15.5% over the last four days. In today’s session, the stock dropped by over 7%, closing at ₹671.40.
The dip is attributed to profit booking by investors, with over 95 lakh shares changing hands, surpassing the one-month daily average of 53 lakh shares.
Despite the downturn, Kalyan Jewellers posted strong Q3 results with 39% YoY consolidated revenue growth. Citi maintained a ‘buy’ rating on the stock, forecasting a target price of ₹810 and highlighting the company’s continued growth momentum.
Also read: Kalyan Jewellers India Limited
Borosil Renewables – Promoter Confidence Lifts Shares
Shares of Borosil Renewables locked in a 5% upper circuit for the second consecutive session, closing at ₹574.40. The surge followed the promoter, Kiran Kheruka, increasing her stake from 3.57% to 3.64% by acquiring 96,000 shares on January 6, 2025.
The transaction, valued at ₹5.4 crore, signals confidence in the company’s future prospects. Additionally, the government’s recent anti-dumping duty on solar glass imports from China and Vietnam is expected to boost Borosil Renewables’ margins and strengthen its position in the market.
Chairman Pradeep Kumar Kheruka expressed optimism about the solar industry’s growth, citing increased demand for solar panels and energy as driving factors for sustained revenue in the coming quarters.
Crude Oil Update – ONGC Partners with BP to Boost Production
In the energy sector, ONGC announced that BP Exploration (Alpha), a subsidiary of BP Plc, UK, has been selected as the Technical Services Provider (TSP) for its Mumbai High oil field.
The 10-year contract aims to boost oil and gas production by up to 60% from current levels, addressing the decline in crude output from one of India’s most significant fields.
Mumbai High, discovered in 1974 and contributing nearly 25% of India’s oil output, remains critical to India’s energy strategy. William Lin, EVP of Gas and Low Carbon Energy at BP, highlighted the project’s potential to enhance India’s domestic production and support its growing energy demands.
Conclusion
The Indian stock market navigated through volatility today, ending with minor losses across benchmark indices. While IT and FMCG sectors provided some relief, broader markets and sectors like Consumer Durables and Healthcare struggled.
On the corporate front, Bartronics India’s semiconductor plans, Kalyan Jewellers’ profit booking, and Borosil Renewables’ promoter confidence were key stories of the day. Meanwhile, ONGC’s deal with BP signals long-term growth potential for India’s crude oil production.
As markets adjust to economic cues and corporate developments, staying informed about sectoral shifts and stock-specific moves will be essential for navigating the days ahead.
For more stock market insights, check out the StockGro blog.
