Closing Bell: Markets Snap Winning Streak; Sensex Drops 403 Points on January 17, 2025

On January 17, 2025, the Sensex ended its 3-day winning streak, closing 403.24 points (0.52%) lower at 76,639.58. During the day, the index moved between a high of 77,069.19 and a low of 76,263.29.

The NSE Nifty50 also ended in the red, dropping 108.60 points (0.47%) to close at 23,203.20. The index hit a high of 23,292.10 during the session, with the day’s low at 23,100.35.

Top Gainers and Losers

Reliance Industries, BPCL, Hindalco, and Coal India were among the top gainers on Nifty50. On the other hand, Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro led the losses, with Wipro declining the most by 5.75%.

Sectoral Performance

The sectoral markets had a mixed outcome. Nifty IT and Private Bank indices were the biggest losers, each dropping by over 2%. Bank Nifty and Financial Services indices also ended lower, falling by more than 1% each. On the brighter side, Nifty FMCG, Metal, OMCs, and Realty indices saw gains, with increases of up to 1.56%.

Oil Prices

As of January 17, 2025, at 03:40 PM, Brent Crude was trading at $81.54, up by 0.31%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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