08/01/25

 



On January 8, 2025, the Nifty 50 index experienced a volatile trading session, ultimately closing nearly flat. The index opened at 23,707.90, reached an intraday high of 23,751.85, and a low of 23,496.15, before settling at 23,707.90, marking a marginal decline of 0.14% from the previous close.

LiveMint

The market's performance was influenced by concerns over corporate profit growth ahead of the earnings season, with companies like Dabur India and Hero MotoCorp providing lackluster quarterly updates. Additionally, global factors such as a stronger dollar and rising U.S. bond yields contributed to the cautious sentiment.

Reuters

Sector-wise, the Nifty IT index declined by 1.4%, reflecting apprehensions about the U.S. economic outlook and its impact on IT firms that derive significant revenue from the U.S. market. In contrast, the Oil & Gas sector led gains, with Reliance Industries rising 2% following a positive buy rating from Jefferies.

Reuters

The advance-decline ratio was negative at 0.8, indicating more declining stocks than advancing ones. Notably, Oil & Natural Gas Corporation (ONGC) was among the top performers, closing up by 3%. On the other hand, Apollo Hospitals Enterprise, Trent, and Shriram Finance were among the top losers.

5Paisa

In summary, the Nifty 50's intraday session on January 8, 2025, was marked by significant volatility, with the index recovering from early losses to close flat, amid mixed sectoral performances and prevailing global economic concerns.

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