Jan 03, 2025 03:30 PM IST
Falling IT, pharma, healthcare, and bank stocks caused the stock market to crash during the later trading hours
Stock market crash: The Indian stock market crashed during the later trading session on Friday, January 3, 2025, because of falling IT, pharma, healthcare, and bank stocks.
At 3:10 pm IST, the benchmark BSE Sensex plummeted by a staggering 749.13 points or by 0.94%, reaching 79,194.58.
Meanwhile, the broader NSE Nifty fell by 202.85 points or 0.84%, reaching 23,985.80.
Only 13 out of the 30 Sensex stocks and 18 out of the 50 Nifty 50 stocks were in the green.
Also Read: What is new ‘jumped deposit’ scam targeting UPI users? Here’s how to protect yourself
Which stocks fell the most?
Among the Sensex stocks, Zomato Ltd fell the most by 4.02%, trading at ₹273.40. This was followed by Tech Mahindra Ltd which fell by 2.63%, trading at ₹1,682.20 and HDFC Bank which fell by 2.56%, trading at ₹1,747.50.
Among the Nifty stocks, Wipro Ltd fell the most by 3.21%, trading at ₹294.05. This was followed by HDFC Bank which fell 2.59%, trading at ₹1,747.35 and Tech Mahindra Ltd which fell by 2.54%, trading at ₹1,683.
Also Read: ‘I want dictatorship of Blinkit’: People praise company’s ‘ambulance in 10 minutes’ service
Which sectors fell the most?
Among the Nifty Sectoral Indices, Nifty IT fell the most by 1.38%, reaching 43,738.65. This was followed by Nifty Pharma which fell 1.27%, reaching 23,254.20, Nifty Healthcare Index which fell 1.23%, reaching 14,890.20, and Nifty Bank which fell 1.16%, reaching 51,008.95.
How did the stock market open?
The crash did not come all of a sudden, with the market opening in the red and gradually leading to it.
At 9:30 am IST, the Sensex down by 248.13 points or 0.31%, reaching 79,695.58, while, the Nifty was down by 57.45 points or 0.24%, reaching 24,131.20.
Also Read: Vodafone to launch 5G by March, 15% cheaper than Jio and Airtel: Report
Stay updated with the…
See more
