Mumbai: On Monday, January 6, 2025, the morning trading session saw a crash in the Indian stock market as metal and financial stocks collapsed. The benchmark BSE Sensex fell 1,131.53 points, or 1.43%, to 78,091.58 at 11:55 am IST.
The overall NSE Nifty fell 384.75 points, or 1.6%, to 23,620.00. The 30 stocks in the Sensex were all down. Out of the 50 stocks in the Nifty 50, only one was up.
Which stocks fell the most?
Out of all the Sensex companies, Tata Steel Ltd. experienced the most decline, falling 4.48% to trade at ₹132.10. Next in line were Power Grid Corporation of India Ltd., down 3.05%, trading at ₹306.50, and Kotak Mahindra Bank Ltd., down 3.13%, trading at ₹1,781.50.
Which sectors fell the most?
At 6,386.25, Nifty PSU Bank experienced the largest decline of 3.52%. Next in line were Nifty Metal, which dropped 2.95% to 8,472.00, and Nifty Realty, which dropped 2.62% to 1,017.75.
How did the stock market open today?
The market started the day in the green, but then it crashed. The Sensex was up 272.45 points, or 0.34%, at 79,495.56 at 9:30 am IST. In the meantime, the Nifty reached 24,032.35, up 27.60 points, or 0.11%.
How did the stock market perform in the last trading session of the previous week?
What happened during the previous week’s final trading session on Friday, January 3, 2025, when the market ended significantly into the red following a crash, mainly driven by IT, pharmaceutical, and banking companies, seems to be repeated in today’s crash.
At 79,223.11, the Sensex had a massive decline of 720.60 points, or 0.90%, while the Nifty saw a decline of 183.90 points, or 0.76%, closing at 24,004.75. The stocks that fell the most in the Sensex were Tech Mahindra Ltd., which fell 2.19%, trading at ₹1689.90; Zomato Ltd., which fell 4.27%, trading at ₹272.70; and HDFC Bank, which lost 2.46%, trading at ₹1749.30.
Among the Nifty sectoral indices, the three sectors that experienced the biggest declines were Nifty IT, which fell 1.41% to 43,726.55; Nifty Pharma, which lost 1.23% to 23,263.50; and Nifty Bank, which declined 1.20% to 50,988.80.
Join our whatsapp group for Latest updates