Global markets experienced significant sell-off, prompting a similar response in domestic markets due to strong US payroll data suggesting fewer rate cuts in 2025. The U.S. Federal Reserve is likely to hold interest rates at current levels for longer due to a much bigger-than-expected increase in U.S. non-farm payroll employment in December. Higher crude prices, which climbed above $81 per barrel following sanctions on Russia by the Biden administration in the US, have further widened India's import bill, adding pressure on the rupee and markets. The impending swearing-in of Donald Trump as US president on January 20 has fueled speculation about potential protectionist trade policies, including higher tariffs on imports from countries like India. International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed cautiousness over India's economy, predicting a weaker Indian economy in 2025 despite steady global growth. Recent GDP downgrades and slowing earnings amidst higher valuations are weighing heavily on market sentiment.
| Sensex | 76330.01 | -1048.90 | -1.36% |
| Nifty 50 | 23085.95 | -345.55 | -1.47% |
| Nifty Bank | 48041.25 | 692.90 | -1.42% |
| Dow Jones | 41938.45 | -69675 | -1.63% |
| SGX | 23129.50 | -380.00 | -1.62% |
NIFTY 50 FUT
CORPORATE NEWS
- Investment of Rs 50k cr to be made to boost national waterways in next 5 yrs: Sonowal
- Interarch Building Products secures orders worth Rs 221 crore
- G R Infraprojects receives Provisional certificate for Gujarat project
- Vaswani Industries commissions 16.25 MWp Solar Power in Chhattisgarh
- Macrotech Developers acquires land parcel in Bengaluru
- Waaree Energies to acquire 100% share capital of Enel Green Power India
- Afcom Holdings enters into long-term contract with Ethihad
- USFDA classifies insulins facilities of Biocon’s arm as voluntary action indicated
- DroneAcharya Aerial Innovations bags order from Tata Communications
- PN Gadgil Jewellers opens new store in Maharashtra
- Mangalore Refinery launches new product ‘Toluene’
- Vivo Bio Tech launches large animal facility
- Signatureglobal to acquire land parcel in Gurugram
- Zen Technologies gets nod to invest in Zen Technologies USA
- GR Infraprojects emerges as lowest bidder for project in Pune
- HUL incorporates subsidiary for demerger of ice cream business
- Brigade Enterprises enters into MoU with Technopark
- NBCC (India) enters into MoU with Sarkari Awas Nirman Avam Vitt Nigam
- Gopal Snacks commissions new manufacturing facility in Gujarat
CORPORATE ACTIONS
| Symbol | Face Value | Purpose | Ex-Date | Record Date |
| TCS | 1 | Interim Div-Rs 10/-Share Spl Div-Rs 66Share | 17-Jan-25 | 17-Jan-25 |
| JAIBALAJI | 10 | Stocks plit from Rs 10/-Share To Re 2/-Share | 17-Jan-25 | 17-Jan-25 |
| KITEX | 1 | Bonus 2:1 | 17-Jan-25 | 17-Jan-25 |
| NAVA | 2 | Stocks plit from Rs 2/-Share To Re 1/-Share | 20-Jan-25 | 20-Jan-25 |
KEY SUPPORT & RESISTANCE LEVELS
| Company | LTP | Resistance | Support | ||
| R1 | R2 | S1 | S2 | ||
| NIFTY 50 | 23,085.95 | 23375 | 23663 | 22763 | 22440 |
| NIFTY BANK | 48,041.25 | 48642 | 49242 | 47369 | 46696 |
| FINNIFTY | 22,398.20 | 22678 | 22958 | 22085 | 21771 |
| TCS | 4,299.00 | 4353 | 4406 | 4239 | 4179 |
| INDUSINDBK | 943 | 955 | 967 | 930 | 917 |
| AXISBANK | 1045.5 | 1059 | 1072 | 1031 | 1016 |
| HINDUNILVR | 2,445.10 | 2476 | 2506 | 2411 | 2377 |
| RELIANCE | 1,240.75 | 1256 | 1272 | 1223 | 1206 |
| INFY | 1,963.00 | 1988 | 2012 | 1936 | 1908 |
| NESTLEIND | 2236 | 2264 | 2292 | 2205 | 2173 |
| BRITANNIA | 4,909.00 | 4970 | 5032 | 4840 | 4772 |
| TATACONSUM | 965.7 | 978 | 990 | 952 | 939 |
| SBILIFE | 1,465.25 | 1484 | 1502 | 1445 | 1424 |
| KOTAKBANK | 1740 | 1762 | 1784 | 1716 | 1691 |
| HCLTECH | 1975 | 2000 | 2024 | 1947 | 1920 |
| MARUTI | 11500 | 11644 | 11788 | 11339 | 11178 |
| ITC | 439.00 | 444 | 450 | 433 | 427 |
| HDFCLIFE | 600.5 | 608 | 616 | 592 | 584 |
| BHARTIARTL | 1,594.10 | 1614 | 1634 | 1572 | 1549 |
| DRREDDY | 1335.2 | 1352 | 1369 | 1317 | 1298 |
| HDFCBANK | 1,632.10 | 1653 | 1673 | 1609 | 1586 |
| ICICIBANK | 1230.9 | 1246 | 1262 | 1214 | 1196 |
| BAJAJFINSV | 1674.85 | 1696 | 1717 | 1651 | 1628 |
| COALINDIA | 362.75 | 367 | 372 | 358 | 353 |
| TITAN | 3384.55 | 3427 | 3469 | 3337 | 3290 |
| BAJAJ-AUTO | 8620 | 8728 | 8836 | 8499 | 8379 |
| JSWSTEEL | 884.80 | 896 | 907 | 872 | 860 |
| HEROMOTOCO | 4,045.10 | 4096 | 4146 | 3988 | 3932 |
| LT | 3,470.00 | 3513 | 3557 | 3421 | 3373 |
| BAJFINANCE | 7150 | 7239 | 7329 | 7050 | 6950 |
| SBIN | 728.95 | 738 | 747 | 719 | 709 |
| HINDALCO | 562.80 | 570 | 577 | 555 | 547 |
| SUNPHARMA | 1,746.70 | 1769 | 1790 | 1722 | 1698 |
| CIPLA | 1,437.00 | 1455 | 1473 | 1417 | 1397 |
| TECHM | 1,668.00 | 1689 | 1710 | 1645 | 1621 |
| EICHERMOT | 4,946.55 | 5008 | 5070 | 4877 | 4808 |
| SHRIRAMFIN | 519.9 | 526 | 533 | 513 | 505 |
| ULTRACEMCO | 10614 | 10747 | 10879 | 10465 | 10317 |
| APOLLOHOSP | 6852.05 | 6938 | 7023 | 6756 | 6660 |
| WIPRO | 292.55 | 296 | 300 | 288 | 284 |
| ONGC | 255.74 | 259 | 262 | 252 | 249 |
| M&M | 3,000.00 | 3038 | 3075 | 2958 | 2916 |
| ASIANPAINT | 2,250.70 | 2279 | 2307 | 2219 | 2188 |
| TATAMOTORS | 750.60 | 760 | 769 | 740 | 730 |
| NTPC | 298.65 | 302 | 306 | 294 | 290 |
| GRASIM | 2,290.00 | 2319 | 2347 | 2258 | 2226 |
| TATASTEEL | 122.80 | 124 | 126 | 121 | 119 |
| ADANIPORTS | 1,069.40 | 1083 | 1096 | 1054 | 1039 |
| POWERGRID | 287.45 | 291 | 295 | 283 | 279 |
| BEL | 259.15 | 262 | 266 | 256 | 252 |
| BPCL | 265.45 | 269 | 272 | 262 | 258 |
| TRENT | 6,228.50 | 6306 | 6384 | 6141 | 6054 |
| ADANIENT | 2,227.00 | 2255 | 2283 | 2196 | 2165 |
CHART OF THE DAY
