On Monday, January 6, domestic equity markets witnessed a positive start to the week, driven by strong buying in IT, technology, and consumer durable sectors. At 9:33 AM, the BSE Sensex was trading at 79,427.01, up by 203.90 points (0.26%), while the NSE Nifty50 rose 51.05 points (0.21%) to trade at 24,055.80.
Out of the 50 components of the Nifty50 index, 28 were trading in the red, 21 in the green, and 2 remained unchanged. The top gainers on the index were Bajaj Finance, Titan Company, Infosys, HCLTech, and Tech Mahindra. On the other hand, Kotak Mahindra Bank, Tata Steel, Coal India, BPCL, and Cipla were among the top losers.
Key Highlights
Shares of Jubilant FoodWorks surged by 4.5% to hit a 52-week high of ₹793.20 on the BSE after the company announced its Q3 FY25 business update. The company reported a 56.2% year-on-year (YoY) growth in consolidated revenue, reaching ₹2,153.2 crore.
Similarly, shares of Easy Trip Planners rose by 17.6% in early trade after the company’s chairman, Nishant Pitti, confirmed there would be no promoter stake sale. The stock was trading at ₹16.45 apiece, up 6% by 9:30 AM.
In other news, ITC held a pre-open session for price discovery of ITC Hotels. The stock price of the demerged entity will be determined based on the difference between ITC’s closing price on January 3, 2025, and the opening price during the session.
Broader Markets
The BSE MidCap index was down 0.60% at 46,655.28, while the BSE SmallCap index declined 0.53% to 55,816.03.
