Top Gainers and Losers in Indian Stocks on January 6, 2025

On January 6, 2025, Indian equities experienced significant volatility, primarily driven by rising concerns regarding the HMPV virus. By the end of the trading session, the Sensex had fallen by 1.59 percent, closing at 77,964.99 points, while the Nifty dropped by 1.62 percent, settling at 23,616.05 points.

Several stocks caught the market's attention during this tumultuous day.

Key Stock Movements

ITC: Following the price discovery of its hotels business in a special pre-opening session, shares of ITC closed more than 2 percent lower at Rs 445.5.

Bajaj Finance: After receiving an upgrade from Nomura, which changed its recommendation from 'neutral' to 'buy', Bajaj Finance initially traded positively but ultimately ended the day down 1 percent at Rs 7,340 per share.

FSN E-Commerce: Shares of the online beauty and personal care platform rose over 2 percent after the company reported a robust Q3 business update, closing at Rs 172.

Marico: The shares of this consumer goods company experienced a sharp decline during intraday trading. They ultimately closed at Rs 648.15 on the BSE, marking a 2 percent drop. The company noted in its Q3 update that copra prices were higher than expected.

HDFC Bank: The private sector lender's shares also faced a decline, finishing down more than 2 percent at Rs 1,711.8 per share after releasing its quarterly business update over the weekend. Despite a year-on-year deposit growth of 15.8 percent, retail loans grew by 10 percent during the same timeframe.

Thyrocare Technologies: Shares of the diagnostic service provider surged nearly 11 percent to close at Rs 1,010. This rise occurred amid ongoing concerns over the HMPV virus, even though the Indian government stated that the reports from China regarding HMPV did not warrant alarm.

ITI: This public sector unit's shares reached an upper circuit limit of 20 percent during trading and finished at Rs 548.7 per share. The trading volumes for this counter have increased significantly.

Conclusion

The Indian stock market on January 6, 2025, was largely affected by the fears surrounding the HMPV virus, leading to notable declines in various sectors. While some stocks like Thyrocare Technologies saw gains, others like HDFC Bank and Marico faced significant losses, highlighting the mixed sentiments in the market.

stocks, market, losers