After a strong rally on January 2, the Indian stock markets witnessed a sharp downturn on Friday, January 3, 2025. Benchmark indices—the Sensex and Nifty 50—faced significant selling pressure, erasing the week’s earlier gains.
The BSE Sensex, which opened at 80,072.99, slightly above its previous close of 79,943.71, experienced a steep decline. The index hit an intra-day low of 79,109.73, a fall of 834 points, before recovering slightly to close at 79,223.11, down 721 points or 0.90%.
The Nifty 50 opened at 24,196.40, marginally higher than its prior close of 24,188.65. The index dropped to an intra-day low of 23,976, losing 213 points. By the end of the session, it settled at 24,004.75, marking a loss of 184 points or 0.76%.
This week’s most affected stocks were Wipro, Hindalco Industries and ICICI Bank in the Nifty 50. Let’s dive into the top 10 losers of the Nifty 50 this week, according to Trendlyne.
Nifty 50 top losers this week
| Name | LTP | Change (%) | Change (Week %) |
|---|---|---|---|
| Wipro | 294.5 | -3.1% | -4.7% |
| Hindalco Industries | 591.2 | -1.3% | -4.3% |
| ICICI Bank | 1265.1 | -2.0% | -3.3% |
| HDFC Bank | 1749.2 | -2.5% | -2.7% |
| Dr. Reddy’s Laboratories | 1352.7 | -1.6% | -2.7% |
| Adani Ports & Special | 1199.6 | -2.2% | -2.5% |
| Tata Consultancy Services | 4099.9 | -1.8% | -1.6% |
| Tech Mahindra | 1689.5 | -2.2% | -1.3% |
| State Bank of India | 793.4 | -1.0% | -0.8% |
| Sun Pharmaceutical | 1849.7 | -1.5% | -0.6% |
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