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Jubilant Surges11%, Kotak Slips on Leadership Exit, Nykaa Gains, Standard Glass IPO Shines
Jubilant Surges11%, Kotak Slips on Leadership Exit, Nykaa Gains, Standard Glass IPO Shines
Written by - Fisdom Research
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January 6, 2025
2 minutes
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Market Snapshot
Indian equity markets started the week on a bearish note, with benchmark indices falling 1.5% on January 6 as concerns over Human Metapneumovirus (HMPV) dampened investor sentiment.
All sectoral indices closed in the red, led by a 4% drop in PSU Bank, while metal, realty, energy, PSU, power, and oil & gas sectors declined 3% each.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
-0.1
NIFTY CONSUMER DURABLES
-1.7
NIFTY HEALTHCARE INDEX
-0.6
NIFTY FINANCIAL SERVICES
-1.8
NIFTY PHARMA
-0.8
NIFTY FMCG
-1.9
NIFTY MIDSMALL HEALTHCARE
-0.9
NIFTY BANK
-2.1
Top News
Jubilant Foodworks shares jumped 7.10% today, marking an 11% rally over four days after a strong December quarter update. The company reported a 56% YoY revenue growth to ₹2,156 crore, boosting investor confidence.
Kotak Mahindra Bank shares fell 3.30% after COO and CTO Milind Nagnur resigned, adding to recent top management turnover noted by Nomura.
FSN E-Commerce Ventures, Nykaa’s parent company, rose 2.33% after a positive December quarter update. The company expects net revenue growth above the “mid-twenties” despite subdued online fashion demand, affirming confidence in its long-term prospects.
India’s NSE leads China with most number of IPOs in Asia, beats US in capital raised
Standard Glass Lining IPO gets 13 times subscription on Day 1
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400
24,000
Bank Nifty
49,000
52,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
APOLLOHOSP
1.9
TATASTEEL
-4.6
TATACONSUM
1.1
TRENT
-4.4
TITAN
0.7
BPCL
-3.7
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