06/01/25

 


Nifty 50: The Nifty 50 index declined by 1.58%, closing at 24,004.75, a drop of 183.90 points from the previous close.

NSE India

Nifty Bank: The Nifty Bank index fell by 2.28%, ending the day at 49,922, marking a decrease of 1,165.80 points.

Economic Times

Sector Performance: The market downturn was broad-based, with 12 out of 13 major sectors recording losses. Financials declined by 0.1%, while state-owned banks dropped by 2.2%, influenced by a 7.53% fall in Union Bank of India. Consumer stocks also decreased by 1%, led by Dabur India. In contrast, IT stocks gained 1%, supported by positive revenue growth forecasts.

Reuters

Notable Movements in Major Banks:

  • HDFC Bank Ltd.: Shares fell by 2.23% to ₹1,710.30, underperforming the broader market.
    MarketWatch
  • ICICI Bank Ltd.: Experienced a slight decline of 0.09% to ₹1,264.35, outperforming some competitors.
    MarketWatch
  • Kotak Mahindra Bank Ltd.: Shares dropped by 3.26% to ₹1,779.25, underperforming the market.
    MarketWatch
  • Axis Bank Ltd.: Shares decreased by 1.85% to ₹1,064.15, yet outperformed some peers.
    MarketWatch
  • IndusInd Bank Ltd.: Shares declined by 2.85% to ₹969.70, underperforming the market.

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