Indian Market in Minutes with Motilal Oswal

Nifty Drops: Market Recap & Key Stock Picks

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📉 Tuesday, 7th January 2025: Market Recap & Insights 📈

In today's episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda unpacks global and domestic market moves:

🌍 Global Highlights:

  • Strong rally in semiconductor stocks following Foxconn's record revenues.
  • Optimism builds around potential easing of US tariff hikes.

    • 📊 Market Overview:

    • Nifty fell 420 points to close at 23,550, forming a bearish candle.
    • India VIX surged 15.6%, signaling increased volatility.
    • FIIs sold ₹2,575 crores, while DIIs bought ₹5,750 crores.

      • 🔑 Key Insights for Traders:

      • Nifty Trading Range: 23,200–24,200 (immediate support at 23,400; resistance at 23,800).
      • Bank Nifty Outlook: Weakness below 50,250; support at 49,250.

        📌 Top Stock Picks:

        • Bullish: Godrej Consumer Products, Apollo Hospital, SBI Cards, Titan, HCL Tech
        • Bearish: Adani Green, Hind Copper, MCX, JSW Energy

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          Indian Market in Minutes with Motilal OswalBy Motilal Oswal