Indian stock market began the week on a volatile note, gained ground in the first half but faced selling pressure and reversed its trajectory. Markets traded under pressure during the day amid a lack of domestic triggers, global uncertainties, and diminished expectations of U.S. rate cuts in 2025. Sentiments turned pessimistic amid a report stating that vegetables and spices saw a steep increase in spending across both rural and urban areas during August 2023 to July 2024, driven largely by inflation. With global markets entering the holiday period for New Year celebrations, trading volumes were thin, and market activity was subdued. The sideways movement is likely to persist in the short term due to limited participation during the festive season.
| Sensex | 78248.13 | -450.94 | -0.57% |
| Nifty 50 | 23644.90 | -168.50 | -0.71% |
| Nifty Bank | 50952.75 | -358.55 | -0.70% |
| Dow Jones | 42992.21 | -333.59 | 0.77% |
| SGX | 23836.00 | -135.00 | -0.56% |
NIFTY 50 FUT
CORPORATE NEWS
- Adani Enterprises to fully exit Adani Wilmar
- Adani Green Energy’s arms commission new projects in Gujarat
- Bikaji Foods International to incorporate Wholly Owned Subsidiary
- Utkarsh Small Finance Bank to sell Rs 355 crore NPAs to ARC
- NTPC enters into strategic partnership with CCTE
- IL&FS Engineering bags contract worth Rs 302.82 crore
- KEC International secures nod to make investment in subsidiaries
- Aurionpro Solutions secures order from DMRC
- KEC International inks BTA with subsidiary for transfer of cables business
- Servotech Renewable secures agriculture pumps order from UPNEDA
- Alankit enters into agreement with State Health Agency
- Tata Motors flags off electric buses for workforce transportation in Uttarakhand
- Refex Renewables’ arm completes acquisition of 51.03% stake in Vyzag Bio
- AVG Logistics to acquire stake in Kaizen Logistics
CORPORATE ACTIONS
| Symbol | Face Value | Purpose | Ex-Date | Record Date |
| BANCOINDIA | 2 | Bonus 1:1 | 30-Dec-24 | 30-Dec-24 |
| MANPASAND | 10 | Extra Ordinary General Meeting | 30-Dec-24 | - |
| MBECL | 10 | Capital Reduction | 03-Jan-25 | 03-Jan-25 |
| REDTAPE | 2 | Interim Dividend - Rs 2 Per Share | 03-Jan-25 | 03-Jan-25 |
| ITC | 1 | Demerger | 06-Jan-25 | 06-Jan-25 |
| JAGSNPHARM | 5 | Stocks split from Rs 5/-Share To Rs 2/-Share | 08-Jan-25 | 08-Jan-25 |
| KAMDHENU | 10 | Stocks split from Rs 10/-Share To Rs 1/-Share | 08-Jan-25 | 08-Jan-25 |
| SHRIRAMFIN | 10 | Stocks split from Rs 10/-Share To Rs 2/-Share | 10-Jan-25 | 10-Jan-25 |
KEY SUPPORT & RESISTANCE LEVELS
| Company | LTP | Resistance | Support | ||
| R1 | R2 | S1 | S2 | ||
| NIFTY 50 | 23,644.90 | 23940 | 24236 | 23314 | 22983 |
| NIFTY BANK | 50,952.75 | 51590 | 52227 | 50239 | 49526 |
| FINNIFTY | 23,565.30 | 23860 | 24154 | 23235 | 22905 |
| ADANIENT | 2,585.00 | 2617 | 2650 | 2549 | 2513 |
| TECHM | 1729.35 | 1751 | 1773 | 1705 | 1681 |
| HCLTECH | 1910.65 | 1935 | 1958 | 1884 | 1857 |
| INDUSINDBK | 961.00 | 973 | 985 | 948 | 934 |
| SHRIRAMFIN | 2,921.85 | 2958 | 2995 | 2881 | 2840 |
| APOLLOHOSP | 7,303.00 | 7394 | 7486 | 7201 | 7099 |
| CIPLA | 1517.95 | 1537 | 1556 | 1497 | 1475 |
| SUNPHARMA | 1,871.35 | 1895 | 1918 | 1845 | 1819 |
| POWERGRID | 310.4 | 314 | 318 | 306 | 302 |
| BRITANNIA | 4,781.00 | 4841 | 4901 | 4714 | 4647 |
| ASIANPAINT | 2272.5 | 2301 | 2329 | 2241 | 2209 |
| COALINDIA | 380.5 | 385 | 390 | 375 | 370 |
| HINDUNILVR | 2338 | 2367 | 2396 | 2305 | 2273 |
| BPCL | 293.00 | 297 | 300 | 289 | 285 |
| SBILIFE | 1401.95 | 1419 | 1437 | 1382 | 1363 |
| BAJFINANCE | 6,889.15 | 6975 | 7061 | 6793 | 6696 |
| ADANIPORTS | 1226.9 | 1242 | 1258 | 1210 | 1193 |
| NESTLEIND | 2,158.00 | 2185 | 2212 | 2128 | 2098 |
| TCS | 4150 | 4202 | 4254 | 4092 | 4034 |
| ITC | 476.8 | 483 | 489 | 470 | 463 |
| BAJAJFINSV | 1,572.95 | 1593 | 1612 | 1551 | 1529 |
| ULTRACEMCO | 11350 | 11492 | 11634 | 11191 | 11032 |
| LT | 3590 | 3635 | 3680 | 3540 | 3489 |
| EICHERMOT | 4,850.00 | 4911 | 4971 | 4782 | 4714 |
| BHARTIARTL | 1,590.65 | 1611 | 1630 | 1568 | 1546 |
| TATACONSUM | 902.05 | 913 | 925 | 889 | 877 |
| AXISBANK | 1070 | 1083 | 1097 | 1055 | 1040 |
| HDFCLIFE | 617.3 | 625 | 633 | 609 | 600 |
| DRREDDY | 1,379.00 | 1396 | 1413 | 1360 | 1340 |
| RELIANCE | 1,211.50 | 1227 | 1242 | 1195 | 1178 |
| HDFCBANK | 1,784.00 | 1806 | 1829 | 1759 | 1734 |
| SBIN | 793.30 | 803 | 813 | 782 | 771 |
| NTPC | 332.00 | 336 | 340 | 327 | 323 |
| BAJAJ-AUTO | 8845 | 8956 | 9066 | 8721 | 8597 |
| INFY | 1898.45 | 1922 | 1946 | 1872 | 1845 |
| TATASTEEL | 137.5 | 139 | 141 | 136 | 134 |
| ONGC | 234.4 | 237 | 240 | 231 | 228 |
| KOTAKBANK | 1741.2 | 1763 | 1785 | 1717 | 1692 |
| ICICIBANK | 1,293.45 | 1310 | 1326 | 1275 | 1257 |
| M&M | 3,015.00 | 3053 | 3090 | 2973 | 2931 |
| JSWSTEEL | 901.90 | 913 | 924 | 889 | 877 |
| MARUTI | 10804.25 | 10939 | 11074 | 10653 | 10502 |
| HEROMOTOCO | 4,178.20 | 4230 | 4283 | 4120 | 4061 |
| GRASIM | 2,445.00 | 2476 | 2506 | 2411 | 2377 |
| TITAN | 3,257.00 | 3298 | 3338 | 3211 | 3166 |
| WIPRO | 304.00 | 308 | 312 | 300 | 295 |
| BEL | 286.2 | 290 | 293 | 282 | 278 |
| TRENT | 6,975.00 | 7062 | 7149 | 6877 | 6780 |
| TATAMOTORS | 735.25 | 744 | 754 | 725 | 715 |
| HINDALCO | 603.10 | 611 | 618 | 595 | 586 |
CHART OF THE DAY
| SCRIP | TRIGGER PRICE | SL | TGT 1 | TGT2 | DURATION |
| ADANIENT | 2545-2560 | 2335 | 2910 | 3110 | 1-2 MONTHS |
