03/01/25

 

On January 3, 2025, the Nifty 50 index closed at 24,004.75, marking a decline of 183.90 points or 0.76% from the previous close.

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The day's trading ranged between an intraday high of 24,196.45 and a low of 23,976.00.

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Top Gainers:

  • Oil & Natural Gas Corporation (ONGC): ONGC shares rose by 3.3% after Jefferies reiterated its "buy" rating, suggesting that the recent 30% correction in the stock over the past three months appeared overdone.

    Reuters

  • Tata Motors: The stock was among the top gainers, reflecting positive investor sentiment.

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  • Titan Company: Titan shares also featured among the top gainers for the day.

    NDTV Profit

Top Losers:

  • Wipro: Wipro was among the worst performers on the Nifty 50 index.

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  • HDFC Bank: Shares of HDFC Bank declined, contributing to the index's overall downturn.

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  • Tech Mahindra: Tech Mahindra shares were also among the top losers for the day.

    NDTV Profit

The decline in the Nifty 50 was primarily driven by losses in financial and IT sectors, which had rallied in the previous session. Investors are now looking ahead to the upcoming corporate earnings season for further market cues.

Reuters

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