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TCS fell 2%, Tata Motors dropped on JLR’s mixed sales, while Swiggy surged on its new app launch
TCS fell 2%, Tata Motors dropped on JLR’s mixed sales, while Swiggy surged on its new app launch
Written by - Fisdom Research
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January 9, 2025
2 minutes
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Market Snapshot
Indian equity markets extended losses from the previous session, with the Nifty closing below 23,550.
Despite mixed global cues, benchmark indices opened flat but soon came under selling pressure.
Bears dominated the session, dragging the Nifty near 23,500 intraday before a weak close near the day’s low.
Sector-wise performance was largely negative, with all sectors ending in the red except FMCG.
Notable losers included capital goods, IT, metal, oil & gas, PSU banks, power, and realty, which declined by 1-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
0.9
NIFTY PHARMA
-0.6
NIFTY AUTO
-0.3
NIFTY BANK
-0.7
NIFTY HEALTHCARE INDEX
-0.4
NIFTY MEDIA
-0.8
NIFTY PRIVATE BANK
-0.4
NIFTY FINANCIAL SERVICES
-0.9
Top News
TCS shares fell nearly 2% to Rs 4,040.95 ahead of its Q3 earnings release, amid weak market sentiment as the Sensex dropped over 500 points.
Tata Motors declined after Jaguar Land Rover’s Q3 sales update, which showed a 3% YoY increase in wholesale volumes but a 3% decline in retail sales.
Swiggy shares surged, reaching Rs 520, following the launch of its new app “Snacc,” offering rapid delivery of breakfast and protein items within 10-15 minutes.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Capital Infra Trust InvIT IPO gets 39% subscription on Day 1
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,000
23,900
Bank Nifty
49,000
50,500
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BAJAJ-AUTO
2.1
ONGC
-2.6
NESTLEIND
1.8
SHRIRAMFIN
-2.4
HINDUNILVR
1.6
BPCL
-2.0
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