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On January 13, 2025, the stock market faced significant pressure, with 295 securities hitting 52-week lows. Notable declines included Life Insurance Corporation (LIC) at ₹823.7, Adani Wilmar at ₹267.1, Olectra Greentech at ₹1,268.1, and Tata Steel at ₹124.18, amid various industry challenges and competitive pressures. The NIFTY 50 index fell 1.06%, while the BSE SENSEX dropped 0.93%, reflecting widespread losses across sectoral indices.
Nifty is currently at 23,200, while Sensex has dropped by 650 points, with Zomato, Adani Ports, and Tata Steel being the top losers. In a significant development, a Memorandum of Understanding has been signed with Technopark to establish a World Trade Centre in Thiruvananthapuram, aiming to create approximately 1.5 million sq. ft. of infrastructure, including a business hotel and IT office spaces for MNCs.
Benchmark indices Sensex and Nifty experienced significant declines on January 6, with the Sensex dropping 1,379.81 points (1.74%) to 77,843.30 and the Nifty falling 428.40 points (1.78%) to 23,576.35. The downturn was driven by weak quarterly updates from key companies, particularly in the PSU and consumer sectors, alongside negative trends in Asian markets. Investor wealth eroded by Rs 9.5 lakh crore, with 3,126 shares declining compared to 485 advancing.
India's stock market faced a significant downturn, with the Sensex plummeting over 1,200 points and the Nifty dropping 1.4%, following the confirmation of two Human Metapneumovirus (HMPV) cases in Karnataka. The sell-off affected various sectors, including PSU banks and real estate, as investors reacted to the ongoing virus outbreak in China. Despite government reassurances about monitoring the situation, fears of further impacts on the economy led to increased volatility, with the India VIX rising by 13%.
The Indian stock market faced a significant downturn on January 6, with both the Sensex and Nifty 50 indices dropping over 1.5% amid fears of a new virus outbreak in China. The Nifty 50 closed at 23,616 points, slipping below the crucial 24,000 level, while the broader market indices, including Nifty Smallcap 100 and Nifty Midcap 100, fell by 3.2% and 2.7%, respectively. Major sectoral indices suffered losses, particularly in PSU Bank, Metal, and Energy sectors, with ITC leading individual stock declines at 8.1%.
The Indian equity markets closed lower for the second consecutive session on December 9, with the Sensex down 200.66 points at 81,508.46 and the Nifty down 58.80 points at 24,619. Selling pressure was evident in FMCG, PSU Bank, auto, and pharma stocks, while capital goods, IT, and metal sectors saw some buying interest. Notable Nifty losers included Tata Consumer, HUL, and Tata Motors, whereas L&T, Wipro, and SBI Life Insurance were among the gainers.
Market returns in India are expected to moderate after two years of strong performance, as the equity market faces challenges like slowing earnings growth and high valuations. In response, traders are turning to pair trading, a strategy that allows them to profit from the relative performance of two correlated stocks while minimizing market exposure. Short-term pair trade ideas include JSW Steel versus Tata Steel, offering opportunities in a sideways market.
Tata Steel Ltd
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
stock market turmoil as major companies hit 52 week lows
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