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DAM Capital Slumps 9%, Nifty Realty Down 6.8%, PCBL Drops 11% on Weak Q3 Earning
DAM Capital Slumps 9%, Nifty Realty Down 6.8%, PCBL Drops 11% on Weak Q3 Earning
Written by - Fisdom Research
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January 13, 2025
2 minutes
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Market Snapshot
Nifty Midcap index slipped 4%, marking its biggest single-day fall since June 2024, while the Smallcap index also dropped 4%, registering its largest decline in five months.
Indian benchmark indices extended losses for the fourth consecutive session, driven by broad-based selling across sectors.
Negative cues included crude oil prices hitting a 3-month high and weaker global markets, as investors scaled back expectations of US rate cuts in 2025.
The market witnessed significant wealth erosion, with investors losing approximately ₹12.39 lakh crore.
The total market capitalization of BSE-listed companies declined to ₹417.28 lakh crore, down from ₹429.67 lakh crore in the previous session.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PRIVATE BANK
-0.9
NIFTY FINANCIAL SERVICES
-1.5
NIFTY FMCG
-1.2
NIFTY PHARMA
-2.1
NIFTY IT
-1.4
NIFTY HEALTHCARE INDEX
-2.5
NIFTY BANK
-1.4
NIFTY OIL & GAS
-2.7
Top News
DAM Capital Advisors Ltd fell over 9% on January 13, extending a four-day losing streak amid a broader market sell-off and closing below its listing price.
The Nifty Realty index slumped 6.81% intraday, extending its six-session fall to over 14.64% as weak global cues and a lack of major project launches weighed on the sector.
PCBL Ltd nosedived over 11% after weak Q3 results, with net profit declining 37% year-on-year, driven by rising operating costs.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Coating emulsions and adhesives maker Jesons Industries plans IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800
23,500
Bank Nifty
47,000
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TCS
0.8
ADANIENT
-6.2
INDUSINDBK
0.6
TRENT
-5.4
AXISBANK
0.5
BPCL
-4.4
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