
As of 12:01 PM on January 13, 2025, the Nifty50 index traded at 23,226.35, down by 205.15 points (-0.88%), amidst a broad-based decline in the Indian markets. Despite the negative sentiment, select stocks in the Nifty50 managed to stay resilient, with notable gains.
Key Performers:
- Axis Bank: The stock emerged as the top gainer, trading at ₹1,056.70, up by ₹16.00 (+1.54%). The strong momentum reflects investor confidence in the banking sector.
- IndusInd Bank: Close behind, IndusInd Bank rose to ₹950.65, gaining ₹13.05 (+1.39%), showcasing strength in financials.
- TCS: The IT giant added ₹38.30 (+0.90%), reaching ₹4,303.95, contributing positively to the technology space.
Broader Market Overview:
- Sensex: The benchmark index fell by 595.82 points (-0.77%) to 76,783.09.
- Nifty50: Down by 205.15 points (-0.88%) at 23,226.35.
- Bank Nifty: Declined by 434.35 points (-0.89%) to 48,299.80.
- Midcap Nifty: The index saw a sharper decline, falling by 282.90 points (-2.30%) to 12,000.10.
Sectoral Performance:
While the banking sector showed resilience with gains in Axis Bank and IndusInd Bank, broader market indices, including midcaps, experienced significant pressure.
This divergence highlights stock-specific movement, with selective buying seen in sectors like financials and IT amid a challenging trading environment.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions.