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  1. SENSEX trades over 200 pts lower in early trade, NIFTY50 tests 23,600; Manappuram Finance surges 6%, TCS flat ahead of Q3 results

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SENSEX trades over 200 pts lower in early trade, NIFTY50 tests 23,600; Manappuram Finance surges 6%, TCS flat ahead of Q3 results

Upstox

2 min read | Updated on January 09, 2025, 10:25 IST

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SUMMARY

At 9:41 AM, the S&P BSE SENSEX was trading at 77,887.12, down 261.37 points, or 0.33%, while the NSE's NIFTY50 index was trading at 23,599.55, down 89.40 points, or 0.38%.

Stock list

Out of 50 components in the NIFTY50 index, 42 were trading in negative territory, seven in the green, while two remained unchanged.

Out of 50 components in the NIFTY50 index, 42 were trading in negative territory, seven in the green, while two remained unchanged.

Stock market today: As indicated by GIFT NIFTY futures, the domestic equity market opened in the red on Thursday, January 9.

At 9:41 AM, the S&P BSE SENSEX was trading at 77,887.12, down 261.37 points, or 0.33%, while the NSE's NIFTY50 index was trading at 23,599.55, down 89.40 points, or 0.38%.

Out of 50 components in the NIFTY50 index, 42 were trading in negative territory, seven in the green, while two remained unchanged.

The top five gainers on the index were Hindalco Industries, Kotak Mahindra Bank, Bajaj Auto, M&M, and Infosys.

Apollo Hospitals, Trent Ltd, L&T, Wipro, and UltraTech Cement were the top losers on the benchmark index.

Buzzing Stocks

Shares of Manappuram Finance, one of India's leading gold loan NBFCs, surged over 6% to ₹191.50 on the NSE on Thursday, January 9, as the Reserve Bank of India (RBI) on Wednesday lifted the supervisory restrictions on Chennai-based Asirvad Micro Finance Limited, a subsidiary of Manappuram Finance, and New Delhi-based DMI Finance Private Limited, citing compliance with remedial measures and adherence to regulatory guidelines. READ MORE
Borosil Renewables: Shares of Borosil Renewables, a leading manufacturer of solar glass, hit a 5% upper circuit limit of ₹603.10 apiece on Thursday, January 9, as the company on Wednesday underscored its commitment to Atmanirbhar Bharat by announcing an expansion of 50% of its present capacity in the manufacturing of solar glass, a critical component in the manufacturing of photovoltaic solar panels. READ MORE

TCS shares were trading flat ahead of its Q3 results announcement.

The IT services giant is expected to post a muted earnings set given furloughs and currency fluctuations.

Broader Market

The BSE MidCap index was trading flat at 45,645, while the BSE SmallCap index was trading at 54,685.77, up 24.14 points, or 0.04%.

Sector Watch

FMCG stocks were the biggest gainers on the BSE, followed by telecom and IT.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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