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January 25, 2023 / 03:56 PM IST

Closing Bell: Nifty ends below 17,900, Sensex falls 773 pts; financials a major hit

The BSE midcap index fell 1.5 percent and smallcap index shed 0.8 percent.

  • Closing Bell: Nifty ends below 17,900, Sensex falls 773 pts; financials a major hit
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    Moneycontrol.com
    HIGHLIGHTS
    • 03:29 PM IST

      Nomura maintains ‘Neutral’ rating on Maruti Suzuki India, target Rs 9928

    • 03:25 PM IST

      Nifty PSU Bank index sheds 3 percent dragged by Bank of Baroda, Canara Bank, SBI

    • 03:19 PM IST

      TeamLease Services to consider proposal of bonus shares on Feb 3

    • 03:13 PM IST

      CLSA maintains 'Underperform' rating on Colgate Palmolive

    • 03:09 PM IST

      Tatva Chintan Pharma Chem Q3 profit drops 49% to Rs 11.6 crore

    • 03:04 PM IST

      Ashoka Buildcon receives LoA worth Rs 2,161 crore from NHAI

    • 02:57 PM IST

      Morgan Stanley maintains ‘Overweight’ rating on Maruti Suzuki India

    • 02:53 PM IST

      Happiest Minds Acquires Sri Mookambika Infosolutions “SMI”

    • 02:45 PM IST

      TeamLease Services Q3 net profit down 9.1% at Rs 29 crore against Rs 31.9 crore (QoQ)

    • 02:42 PM IST

      2023 Budget poised to be a game changer for investors: Expert

    • 02:29 PM IST

      Zomato sees steepest intraday fall in one year as it rebrands ‘instant’

    • 02:16 PM IST

      Cipla Q3 net profit up 10% at Rs 801 crore against Rs 728.6 crore (YoY)

    • 02:14 PM IST

      Sun Pharma launches SEZABY in US used to treat neonatal seizures

    • 02:03 PM IST

      Nifty around 17,900, Sensex falls 650 pts; Adani Ports, SBI, IndusInd Bank top losers

    • 01:55 PM IST

      Citi keeps ‘Buy’ rating on Maruti Suzuki India, raises target price to Rs 13,100

    • 01:51 PM IST

      Indian Bank posts net profit at Rs 1,395.8 crore in Q3FY23

    • 01:42 PM IST

      Morgan Stanley maintains Equal-weight rating on TVS Motor Company

    • 01:23 PM IST

      Sasken Technologies Q3 profit rises 3.9% to Rs 31.3 crore, revenue grows 15.5%

    • 01:09 PM IST

      Olectra Greentech Q3 profit rises 13.5% at Rs 14.4 crore

    • 01:05 PM IST

      Vardhman Textiles reports 76 percent fall in its Q3 net profit at Rs 102 crore

    • 01:01 PM IST

      Indices trade lower with Nifty around 17,900, Sensex falls 600 pts; midcaps under pressure

    • 12:58 PM IST

      Below 17,800, Nifty has next support 17,625 and 17,425: Santosh Meena

    • 12:51 PM IST

      United Spirits shares fall 4% as Q3 profit tanks 64%

    • 12:48 PM IST

      BSE Midcap index sheds 1.5 percent dragged by ACC, Bank of India, Adani Power

    • 12:44 PM IST

      Swaraj Engines posts 9.5 percent jump in its Q3 net profit at Rs 23 crore

    • 12:33 PM IST

      CLSA keeps ‘Sell’ rating on Maruti Suzuki, raises target price to Rs 8,240

    • 12:28 PM IST

      Gold retreats as traders lock in profits before US data

    • 12:21 PM IST

      Macrotech Developers Q3 profit jumps 42% to Rs 404.5 crore; shares down

    • 12:19 PM IST

      Quick Heal Technologies share price declines 7% as company posts losses in Q3

    • 12:16 PM IST

      Indus Towers shares tanks nearly 6 percent as company posts Q3 loss at Rs 708 crore

    • 12:08 PM IST

      Pidilite slips on weak Q3 show, net profit tanks 14 percent

    • 12:03 PM IST

      Sensex tanks 700 points, Nifty around 17,900; all sectors in red

    • 11:57 AM IST

      Arvind Q3 net profit falls 9.4 percent at Rs 84.1 crore

    • 11:46 AM IST

      LKP Research maintains 'Buy' rating on Maruti Suzuki, target of Rs 10,298

    • 11:40 AM IST

      Sensex down 840 points, Nifty below 17,900; all sectors in the red

    • 11:12 AM IST

      Zomato down 7 percent amid heavy volumes

    • 11:02 AM IST

      At 11 am, about 753 shares have advanced, 2300 shares declined, and 117 shares are unchanged

    • 10:56 AM IST

      Motilal Oswal Q3 profit falls 5.5% to Rs 226.5 crore; shares tank 4 percent

    • 10:44 AM IST

      Nifty Bank index declines 1.7 percent dragged by Bank of Baroda, PNB, SBI

    • 10:33 AM IST

      BSE Power index falls 1 percent dragged by Adani Power, Adani Transmission, ABB

    • 10:20 AM IST

      Jefferies maintained ‘Buy’ rating on Maruti Suzuki India, target at Rs 11,250

    • 10:13 AM IST

      Triveni Engineering Industries approves capex for sugar, power transmission operations

    • 10:07 AM IST

      Rail Vikas Nigam bags Rs 38.4 crore order from Southern Railway

    • 10:00 AM IST

      Nifty around 18,000, Sensex falls 340 points; Adani Ports top loser

    • 09:53 AM IST

      Barbeque Nation Hospitality CFO Anurag Mittal resigns

    • 09:48 AM IST

      Bharti Airtel raises minimum tariff plan in 7 circles

    • 09:39 AM IST

      BSE Realty index sheds 0.8 percent dragged by DLF, Indiabulls Real Estate, Godrej Properties

    • 09:38 AM IST

      Nifty PSU Bank index slips nearly 1 percent dragged by UCO Bank, SBI, Canara Bank

    • 09:24 AM IST

      Nazara Technologies Q3 profit surges 76%; stock price gains 4%

    • 09:22 AM IST

      Pidilite Industries shares fall as Q3 profit tanks 14% to Rs 308 crore

    • 09:20 AM IST

      TVS Motor Company rises as profit jumps 22% to Rs 353 crore

    • 09:07 AM IST

      Domestic equity markets may struggle in early trades: Prashanth Tapse

    • 08:51 AM IST

      Cinnamon Maldives selects RateGain’s Engage AI to Enhance Guest Experience

    • 08:45 AM IST

      Market is likely to continue its range bound movement: Siddhartha Khemka

    • 08:42 AM IST

      India’s debut of Rs 8,000 crore green bonds likely to see strong demand

    • 08:37 AM IST

      Bank of England to lift rates to 4% on Feb 2, finish at 4.25% in Mar - Reuters poll

    • 08:24 AM IST

      Asian markets trade firm with Straits Times, Kospi up 1 percent each

    • 08:13 AM IST

      Oil rebounds as China demand recovery optimism supports prices

    • 08:09 AM IST

      Jet Airways lenders challenge ownership transfer to Jalan-Kalrock consortium

    • 07:57 AM IST

      SEBI levies Rs 26-crore penalty on Cafe Coffee Day parent company

    • 07:45 AM IST

      Maruti Suzuki Q3 profit zooms 130% to Rs 2,391 crore, revenue up 25%

    • 07:43 AM IST

      S&P 500 ends slightly down after mixed earnings, opening glitch

    • 07:35 AM IST

      SGX Nifty indicates a negative start for the Indian indices

  • IndexPricesChangeChange%
    Sensex59,330.90-874.16 -1.45%
    Nifty 5017,604.35-287.60 -1.61%
    Nifty Bank40,345.30-1,302.35 -3.13%
    Nifty 50 17,604.35 -287.60 (-1.61%)
    Fri, Jan 27, 2023
    Biggest GainerPricesChangeChange%
    Tata Motors445.6026.55 +6.34%
    Biggest LoserPricesChangeChange%
    Adani Enterpris2,761.45-627.50 -18.52%
    Best SectorPricesChangeChange%
    Nifty Auto13089.70132.55 +1.02%
    Worst SectorPricesChangeChange%
    Nifty PSU Bank3821.05-219.25 -5.43%


  • January 25, 2023 / 04:25 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

    Markets went into a tailspin as investors wound up their positions on the last day of F&O expiry. Traders also liquidated their position ahead of the Adani Enterprises FPO, while migration from T2 to T1 settlement starting Friday also led to some offloading. 

    While trading sentiment may remain volatile, the upcoming Budget and US Fed meet next week could fuel sharp sideways movement in coming sessions. 

    Technically, after a double top formation, the market witnessed a sharp correction. On daily charts the Nifty has formed a long bearish candle and closed below the 18000 mark which is broadly negative. 

    As long as the index is trading below 18000, the weak sentiment is likely to continue and below the same the index could retest the level of 17800. Any further down side could drag the index till 17700. On the flip side, above 18000, the index could move up to 18050-18100 levels.

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  • January 25, 2023 / 04:17 PM IST

    Kunal Shah, Senior Technical Analyst at LKP Securities

    The Bank Nifty witnessed selling pressure throughout the session. On the daily chart, an upward consolidation was followed by a sharp correction, suggesting a rise in bearish bets in the space. 

    Furthermore, the index has dropped below the 50-day exponential moving average, confirming the downward trend. On the lower end, immediate support is visible at 41500/40800. On the higher end, resistance is visible at 42000.

  • January 25, 2023 / 04:11 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    The Nifty opened on a negative note on January 25 & tumbled down sharply as the day progressed. It breached the key daily moving averages on the way down. The larger structure, however, shows that the index is still in the range, which it has been witnessing for last one month. 

    It recently tested the upper end of the range & thereon it has tumbled down towards the lower end i.e. 17800-17760. This zone has been acting as a strong support & is likely to provide support this time as well. Thus unless the level of 17760 breaks, the Nifty can witness recovery within the short term range.

  • January 25, 2023 / 04:07 PM IST

    Ajit Mishra, VP - Technical Research, Religare Broking

    Markets plunged sharply lower on the monthly expiry day and ended with a cut of over a percent. After the flat start, the Nifty index drifted gradually lower in the first half and remained in a narrow band thereafter. It finally settled at 17891.95 levels; down by 1.25%.  

    Meanwhile, the selling pressure was widespread wherein banking & financials lost maximum closely followed by energy and realty counters. The broader indices too traded in tandem with the trend and shed in the range of 1%-1.5%.

    This decline has again pushed the Nifty index closer to the lower band of the prevailing consolidation range i.e. 17750 levels and indications from the banking pack, which holds considerable weight in the index, are pointing towards more pain ahead. We reiterate our view to prefer hedged positions and suggest adding a few shorts too. 

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  • January 25, 2023 / 03:51 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities

    Bears remained at the helm as the benchmark index Nifty shed more than 200 points on Wednesday. On the daily timeframe, the index remained below the 50-day exponential moving average. 

    On the lower end, however, the correction was limited to the upper band of the falling wedge pattern on the daily chart. The sentiment looks very weak, with the RSI in a bearish crossover. However, a further correction may occur if the price falls below 17,840. On the higher end, resistance is placed at 18000.

  • January 25, 2023 / 03:49 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services

    Indian equities witnessed significant sell-off as the market appeared apprehensive ahead of the upcoming Union Budget and Fed meeting next week. 

    Sentiments were dampened by persistent FII selling, where funds are being shifted to other EMs as a result of attractive valuations. Furthermore, a weak economic growth outlook that stoked recession fears pulled down global markets.

  • January 25, 2023 / 03:32 PM IST

    Rupee Close:

    Indian rupee closed 13 paise higher at 81.59 per dollar against previous close of 81.72.

  • January 25, 2023 / 03:31 PM IST

    Bajaj Auto Q3

    Consolidated revenue at Rs 9,315 crore and net profit at Rs 1,491 crore.

  • January 25, 2023 / 03:30 PM IST

    Market Close: Benchmark indices ended lower on January 25 with Nifty around 17,900.

    At Close, the Sensex was down 773.69 points or 1.27% at 60,205.06, and the Nifty was down 226.30 points or 1.25% at 17,892. About 1106 shares have advanced, 2310 shares declined, and 129 shares are unchanged. 

    Adani Ports, SBI, IndusInd Bank, HDFC Bank and Cipla were among the biggest losers on the Nifty, while gainers were Hindalco Industries, Maruti Suzuki, Bajaj Auto, HUL and Tata Steel.

    Among sectors, bank, power, PSU bank and realty down 2-3 percent each.

    The BSE midcap index fell 1.5 percent and smallcap index shed 0.8 percent.

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  • January 25, 2023 / 03:29 PM IST

    Nomura View on Maruti Suzuki India

    Brokerage house has maintained ‘Neutral’ rating on the stock with a target price of Rs 9,928.

    The stronger ASPs drive Q3 revenue beat, while EBITDA was margin in-line. The new SUV ramp key positive, while weaker mass segments remain a concern.

    The outlook is healthy and company targets ahead of industry growth & leadership in SUVs.

    The cost outlook is stable for Q4 and forecast margin to be stronger in Q4.

    The rising A&P spends, stronger JPY & regulatory costs may impact margin, reported CNBC-TV18.

  • January 25, 2023 / 03:25 PM IST

    Nifty PSU Bank index shed 3 percent dragged by Bank of Baroda, Canara Bank, SBI

     Nifty PSU Bank index shed 3 percent dragged by Bank of Baroda, Canara Bank, SBI