The Indian equity markets closed on a lower note on January 03. The Sensex fell 720.60 points, or 0.90%, closing at 79,223.11, while the Nifty slipped 184 points, or 0.76%, ending at 24,004.75, holding the important support level.
The Nifty Bank index also ended the day in the red, closing the session 617 points or 1.20% lower at 50,988.80.
“Despite the short recovery in the past two sessions, markets lost the momentum as there is still a lot of pessimism due to slowing growth, higher domestic valuations, foreign fund outflows and uncertainty over US trade policies post Trump’s resumption as the country’s president. Hence, markets may see bouts of correction and investors will continue to maintain caution while keeping an eye on global developments,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Sensex Top Gainers
Among the 30 stocks on the Sensex pack, Tata Motors was unstoppable and led the pack surging by 3.3%, followed by Nestle India with a 1.5% increase, and Titan, up by 1.48%. Hindustan Unilever and Reliance Industries followed the top 5 gainers list, ending the day in green, up by 1.3% and 0.78%, respectively.
Sensex Top Losers
The top 5 laggards on the Sensex 30 pack included Zomato, shedding by 4.27%, followed by HDFC Bank, declining 2.46%. Tech Mahindra fell by 2.23%, Adani Ports was down 2.15% and TCS, decreased by 2.03%.
Nifty 50 Top Gainers
The top gainers on the Nifty included ONGC, which surged by 5.1%, followed by Tata Motors, up by 3.13%. SBI Life Insurance saw a surge of 1.95%. Furthermore, in the top 5 gainers Titan and Nestle India posted a gain of 1.8% and 1.4%, respectively.
Nifty 50 Top Losers
On the other side, the top losers on the Nifty 50 were led by Wipro, declining by 2.8%. The top 5 laggards list is followed closely by HDFC Bank and Adani Ports, decreasing by 2.5% and 2.3%, respectively. Tech Mahindra fell by 2.1% and Cipla dropped by 1.98%, closing the day on a red note.
Nifty Midcap 50 gainers
In the Nifty Midcap 50 today, the top five gainers included UPL (4), SBI Cards(2.9), SRF (2.57), Apollo Hospitals (2), and Yes Bank (1.97).
Nifty Midcap 50 Losers
On the flip side,
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