Closing Bell: Bears back in action; Nifty below 25,100, Sensex slips 770 pts

Indian equity indices ended on a negative note with Nifty below 25,100 on January 23. At close, the Sensex was down 769.67 points or 0.94 percent at 81,537.70, and the Nifty was down 241.25 points or 0.95 percent at 25,048.65.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Tuesday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets remained volatile and declined nearly one percent, resuming the prevailing corrective trend. The Nifty index opened in positive territory on easing geopolitical tensions but soon gave up its gains and drifted lower amid persistent selling pressure, eventually settling near the day’s low at 25,048.65. Selling was broad-based, with realty, energy and banking stocks among the key laggards, while only a few defensive and select cyclical names provided limited support. Broader market indices also mirrored the weakness, with midcap and smallcap indices falling close to two percent each, highlighting widespread risk-off positioning and cautious participation.

Market sentiment was weighed down by renewed concerns over global trade and geopolitical developments, along with continued foreign institutional selling. Currency weakness further added to the negative bias, as the Indian rupee slipped to fresh lows against the US dollar during the session. In the absence of strong domestic triggers, trading remained largely stock-specific, marked by selective buying and pronounced selling across the broader market.

Technically, the Nifty has slipped below its long-term moving average, the 200 DEMA, which signals the possibility of further downside. The 24,750–24,900 zone now emerges as the next key support area, while the 25,300–25,400 zone is likely to act as an immediate hurdle in case of any rebound. That said, select pockets continue to show resilience and are offering buying opportunities. In this environment, participants are advised to maintain a selective and balanced approach, take positions on both sides based on sectoral strength and weakness, and keep a strict check on position sizing.

The index remained weak throughout the session as it stayed below the 20 EMA on the hourly chart. In addition, the index has finally slipped below the 200 DMA on a closing basis, suggesting capitulation by the bulls after a futile attempt to defend the crucial long-term moving average.

As a result, short- to medium-term sentiment is likely to remain weak as long as the index trades below 25,500. On the downside, the decline could extend toward 24,700 in the short term.

After showing a bounce back in the last couple of sessions, Nifty slipped into sharp weakness on Friday and closed the day lower by 241 points. After opening on a positive note, the market was not able to sustain the opening gains and started with weakness since early part of the session. The weakness got intensified in the mid to later part and Nifty finally closed at the lows.

A long bear candle was formed on the daily chart which indicates a formation of lower top reversal pattern at the recent swing highs of 25400 levels. Nifty on the weekly chart formed a long bear candle this week after the minor bounce of last week. The overall chart pattern remains negative and one may expect Nifty sliding below the recent low of 24900 by next week. The near-term downside target to be watched around 24600. Immediate resistance is placed at 25200 levels.

Indian equity markets closed sharply lower on Friday, paring early gains as persistent FII selling and profit-booking at higher levels kept sentiment under pressure. The Sensex, which opened on a positive note and briefly moved above 82,500, reversed direction through the session to end nearly 1 percent lower. The Nifty mirrored this weakness, slipping below its 200-day moving average and closing near the day’s lows, signalling continued fragility in the broader market structure.

Relentless foreign fund outflows remained the dominant drag, with FIIs extending their selling streak and maintaining a clear sell-on-rallies stance amid concerns over earnings visibility and relatively expensive valuations. Tepid quarterly results from index heavyweights such as ICICI Bank and HCL Technologies further weighed on sentiment, reinforcing worries that a meaningful earnings recovery is still some time away. Rising crude oil prices and a sharply weaker rupee, which hit a fresh record low despite RBI intervention, added to macro concerns around inflation and the trade deficit.

Sectorally, banks and select large caps faced heavy pressure, while Adani Group stocks saw sharp selling following reports of fresh legal developments in the US. Selective strength in pharma and metals provided limited support. Technically, the Nifty’s break below key averages keeps the near-term trend negative, suggesting that any bounce may remain tactical rather than trend-changing.

The Indian rupee succumbed to a record low, bucking under the weight of voracious dollar demand from importers and corporates ahead of the long weekend and the upcoming Union Budget.

This fragility intensified as domestic equities faced a fresh bout of liquidation, erasing Thursday’s tentative recovery.

The outlook for spot USDINR remains resolutely bullish; we anticipate the pair may eclipse the psychological 92 threshold while find the support at 91.10.

Today, the Indian equity markets closed sharply lower. The Sensex fell 0.95%, to close at 81,537, while the Nifty 50 declined by 0.95%, to close at 25,048. This marked a clear reversal from the previous session’s recovery, with selling pressure seen across all sectors. Investors turned cautious ahead of the Union Budget 2026 amid rising domestic and global uncertainties.

The biggest trigger for the market fall was news related to the Adani Group. Reports indicated that the US Securities and Exchange Commission is seeking court approval to directly serve summons on Gautam Adani and Sagar Adani over alleged fraud and bribery charges. Following this, Adani group stocks saw heavy selling, with sharp losses across key companies. Although the group denied the allegations, the development increased uncertainty and hurt overall market sentiment.

Fintech stocks also came under pressure after the Payments Infrastructure Development Fund (PIDF) scheme ended on December 31, 2025. The withdrawal of RBI subsidies raised concerns about margin pressure for payment companies, as they now need to fund expansion on their own. While digital payment growth remains strong in the long term, near term profitability concerns weighed on valuations.

Global factors added to the risk off mood. Rising tensions between the US and Iran increased geopolitical uncertainty, raising fears of crude oil volatility and potential foreign fund outflows.

On the sectoral front, realty, media, and PSU banks led the losses. Broader markets were also weak, with midcap and smallcap indices falling up to 2%. Going ahead, the Union Budget and foreign investor flows will act as key triggers for direction.

Indian equity markets went on a sell-off mode despite an optimistic global market and supportive domestic PMI data. Sentiment weighed down on uptick crude oil prices, a sharp depreciation of the rupee to record lows, FII selling and earnings delivery falling marginally short of expectations amid premium India valuations.

Realty and PSU bank stocks underperformed on execution-related delays and profit booking, while Adani Group stocks came under pressure amid reports of potential summons by the US regulator.

Looking ahead, market sentiment is likely to remain cautious as investors position for the upcoming Union Budget and the US Fed’s interest rate decision, where expectations are muted.

Nifty spent the initial couple of hours of the session within a descending triangle pattern, before a breakdown triggered sustained selling pressure through the day. The Index formed a sizeable bearish candle on the daily chart and closed decisively below its key long-term support of the 200-day EMA. Momentum indicators continue to weaken, with the RSI slipping below the 30 mark, indicating oversold conditions, while a rising ADX highlights strengthening bearish trend intensity.

On the sectoral front, none of the sectors ended the day in green. On the other hand, Nifty Realty and Media emerged as the top two sectoral losers, both losing over 2.5% each. With regards to stocks, Dr Reddy & ONGC emerged as the top stock gainers amongst the Nifty pack while Adani Ports & Adani Enterprises emerged as the top two losers.

The Midcap Index largely mirrored the weakness seen in Nifty. The index closed below its 200-day EMA and also broke down from an upward-sloping trendline, drawn connecting the swing lows of 55,660 (29th August 2025) and 56,196 (30th September 2025). The breakdown suggests a loss of medium-term structure and increasing downside risk.

For the Smallcap Index, the earlier support of 16,782 (9th December) has now turned into a strong resistance zone. The index attempted to reclaim this level but failed to sustain above it, leading to renewed selling pressure. It eventually drifted lower to close below the 16,400 mark, keeping the near-term outlook cautious.

The market breadth deteriorated as the advance-decline ratio was heavily skewed in the favour of bears at day’s close. A total of 426 stocks out of the Nifty 500 universe ended in the red.

Nifty View

Going ahead, the key support for Nifty is placed in the 24,850–24,800 zone, which coincides with the upward-sloping trendline, drawn by connecting the swing lows of 24,338 (8th August) and 24,405 (29th August). A decisive breakdown below this zone could result in Nifty extending its weakness towards 24,500, followed by 24,300 in the near term. On the upside, the 25,250–25,300 zone is expected to act as a strong resistance area, limiting any pullback attempts.

Bank Nifty View

Bank Nifty traded in a narrow sideways range during the first couple of hours before succumbing to selling pressure and drifting lower on an intraday basis, eventually closing below the 58,500 level. On the daily chart, the index has slipped below its 50-day EMA, reflecting short-term trend weakness. Notably, the MACD has moved below the zero line for the first time since October 2025, reinforcing the emerging bearish bias.

For Bank Nifty, the immediate support is seen in the 58,100–58,000 zone, which aligns with the 100-day EMA, making it a crucial demand area to watch. A sustained breakdown below this zone could open the door for further downside towards 57,500, followed by 57,000 in the near term. On the upside, the 58,900–59,000 zone is likely to act as a strong resistance, keeping any recovery attempts capped.

Indian rupee ended at record low at 91.96 per dollar on Friday versus Thursday's close of 91.62.

Indian equity indices ended on a negative note with Nifty below 25,100 on January 23.

At close, the Sensex was down 769.67 points or 0.94 percent at 81,537.70, and the Nifty was down 241.25 points or 0.95 percent at 25,048.65. About 1295 shares advanced, 2736 shares declined, and 139 shares unchanged.

Biggest Nifty losers were Adani Enterprises, Adani Ports, Eternal, Interglobe Aviation, Cipla, while gainers included Dr Reddy's Labs, Tech Mahindra, ONGC, Hindalco, HUL.

All the sectoral indices ended in the red with capital goods, power, realty, PSU Bank, media down 2-3%.

The BSE midcap index shed 1.5 percent and smallcap index fell 2 percent.

The Board of Executive Directors of the World Bank has approved and sanctioned long-term financing for the 1,125 MW Dorjilung Hydropower Project (DHPL). DHPL is a Special Purpose Vehicle (SPV) jointly owned by Bhutan’s Druk Green Power Corporation (60 percent) and The Tata Power Company Limited (Tata Power) (40 percent).

The Tata Power Company was quoting at Rs 345.20, down Rs 6.95, or 1.97 percent.

It has touched an intraday high of Rs 354.75 and an intraday low of Rs 344.30.

It was trading with volumes of 197,970 shares, compared to its five day average of 549,456 shares, a decrease of -63.97 percent.

Sona BLW Precision Forgings was quoting at Rs 451.90, down Rs 17.20, or 3.67 percent.

It has touched an intraday high of Rs 470.10 and an intraday low of Rs 448.00.

It was trading with volumes of 90,507 shares, compared to its five day average of 107,334 shares, a decrease of -15.68 percent.

In the previous trading session, the share closed up 5.50 percent or Rs 24.45 at Rs 469.10.

The share touched a 52-week high of Rs 559.40 and a 52-week low of Rs 379.80 on 26 May, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 19.22 percent below its 52-week high and 18.98 percent above its 52-week low.

Market capitalisation stands at Rs 28,095.44 crore.

Markets are currently in a phase where outcomes are being driven more by asset allocation than by broad-based equity rallies. While India’s long-term growth fundamentals remain intact, near-term volatility is inevitable.

Gold and silver have once again demonstrated their relevance as portfolio stabilisers, helping investors manage risk and stay invested through periods of market consolidation.

#1 PPoP above estimate driven by in-line core total income & lower-than-expected core opex

#2 Higher credit costs led to a 9 percent PBT miss

#3 Credit costs rose due to sale of Rs 3,200 crore NPL portfolio to ARC, not higher slippages

#4 Slippages moderated from Rs 1,600 crore to Rs 1,300 QoQ due to improvement in MFI

#5 Margin largely stable, a relief after two quarters of sharp decline

#6 AUM growth picked up to 8 percent YoY from 6 percent YoY

#7 MFI book stopped running down

#1 Company’s December quarter PAT was Rs 480 crore versus estimate of Rs 450 crore due to lower provision

#2 AUM grew 38 percent YoY, NIMs higher QoQ

#3 Gross NPA fell QoQ, led by stressed asset sale to ARC

#4 Credit cost surprised positively

#5 Tax authorities have directed a special audit of its accounts

#6 Management stated it is procedural, but it could be a near-term overhang

The Sensex was down 722.58 points or 0.88 percent at 81,584.79, and the Nifty was down 225.50 points or 0.89 percent at 25,064.40. About 1184 shares advanced, 2660 shares declined, and 115 shares unchanged.

#1 Asset quality recovery lags peers in Q3FY26

#2 FY27-28 EPS cut by 9–12 percent

#3 Margin in-line, new labour code impact offset by income on sale of write-off pool

#4 Deposit growth muted, loan growth driven by lower-yielding assets

#5 Stock trades at inexpensive valuation of 0.8x FY27 BVPS, but limited near-term catalysts

Bandhan Bank was quoting at Rs 150.75, up Rs 8.10, or 5.68 percent.

It has touched an intraday high of Rs 152.15 and an intraday low of Rs 145.10.

It was trading with volumes of 3,760,706 shares, compared to its five day average of 215,164 shares, an increase of 1,647.83 percent.

#1 Q3 reported PBT above estimates

#2 Exceptional costs included new labour code as well as one-time disruption costs

#3 Costs (Ex-FX) coming in lower than estimates, most notably aircraft rentals

#4 On revenue, yields were in-line with estimate, ticketing RASK at Rs 4.51 came in in-line & capacity growth came slightly ahead

#5 Management guided for 10 percent YoY ASK growth in Q4, with the bulk of this coming from international operations

Laurus Labs was quoting at Rs 1,026.40, up Rs 21.45, or 2.13 percent.

It has touched an intraday high of Rs 1,059.95 and an intraday low of Rs 1,004.40.

It was trading with volumes of 51,264 shares, compared to its five day average of 101,623 shares, a decrease of -49.55 percent.

In the previous trading session, the share closed up 1.64 percent or Rs 16.20 at Rs 1,004.95.

The share touched a 52-week high of Rs 1,140.90 and a 52-week low of Rs 504.30 on 07 January, 2026 and 28 January, 2025, respectively.

Currently, the stock is trading 10.04 percent below its 52-week high and 103.53 percent above its 52-week low.

Market capitalisation stands at Rs 55,410.88 crore.

Indian rupee has extended the losses to trade near 92 per dollar versus Thursday's close of 91.62.

Shriram Finance was quoting at Rs 1,007.30, up Rs 0.95, or 0.09 percent.

It has touched an intraday high of Rs 1,021.20 and an intraday low of Rs 973.15.

It was trading with volumes of 376,258 shares, compared to its five day average of 269,836 shares, an increase of 39.44 percent.

In the previous trading session, the share closed up 2.04 percent or Rs 20.10 at Rs 1,006.35.

The share touched a 52-week high of Rs 1,025 and a 52-week low of Rs 508.95 on 02 January, 2026 and 28 January, 2025, respectively.

Currently, the stock is trading 1.73 percent below its 52-week high and 97.92 percent above its 52-week low.

Market capitalisation stands at Rs 189,522.32 crore.

EBITDA jumps 47.5% at Rs 1,824 crore and margin at 82.9% versus 72.9%, YoY

Paras Defence and Space Technologies was quoting at Rs 631.00, down Rs 17.55, or 2.71 percent.

It has touched an intraday high of Rs 659.90 and an intraday low of Rs 623.40.

It was trading with volumes of 28,327 shares, compared to its five day average of 35,070 shares, a decrease of -19.23 percent.

Karur Vysya Bank was quoting at Rs 271.75, up Rs 8.15, or 3.09 percent.

It has touched an intraday high of Rs 275.55 and an intraday low of Rs 258.60.

It was trading with volumes of 445,039 shares, compared to its five day average of 129,727 shares, an increase of 243.06 percent.

Kirloskar Pneumatic Company was quoting at Rs 1,067.00, down Rs 47.55, or 4.27 percent.

It has touched an intraday high of Rs 1,116.85 and an intraday low of Rs 1,046.70.

It was trading with volumes of 2,480 shares, compared to its five day average of 13,584 shares, a decrease of -81.74 percent.

In the previous trading session, the share closed up 2.72 percent or Rs 29.50 at Rs 1,114.55.

The share touched a 52-week high of Rs 1,548.00 and a 52-week low of Rs 952.75 on 16 July, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 31.07 percent below its 52-week high and 11.99 percent above its 52-week low.

Market capitalisation stands at Rs 6,929.05 crore.

Atul was quoting at Rs 5,850.00, up Rs 76.25, or 1.32 percent.

It has touched an intraday high of Rs 5,920 and an intraday low of Rs 5,743.

In the previous trading session, the share closed down 0.66 percent or Rs 38.15 at Rs 5,773.75.

The share touched a 52-week high of Rs 7,793 and a 52-week low of Rs 4,882.00 on 07 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 24.93 percent below its 52-week high and 19.83 percent above its 52-week low.

Market capitalisation stands at Rs 17,223.43 crore.

Jindal Stainless was quoting at Rs 744.05, down Rs 12.85, or 1.70 percent.

It has touched an intraday high of Rs 760.90 and an intraday low of Rs 741.05.

It was trading with volumes of 9,311 shares, compared to its five day average of 25,228 shares, a decrease of -63.09 percent.

In the previous trading session, the share closed up 0.91 percent or Rs 6.80 at Rs 756.90.

The share touched a 52-week high of Rs 883.25 and a 52-week low of Rs 497.00 on 07 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 15.76 percent below its 52-week high and 49.71 percent above its 52-week low.

Market capitalisation stands at Rs 61,340.94 crore.

Indian rupee has extended the fall to hit fresh record low at 91.75 per dollar versus Thursday's close of 91.62.

PG Electroplast through its step-down subsidiary – Next Generation Manufacturers acquires 72-acre land parcel in Kamargaon, Ahilyanagar, in the State of Maharashtra.

The company signed Memorandum of Understanding with the Government of Maharashtra to invest Rs 1000 crores in a greenfield project at Kamargaon, Ahilyanagar.

PG Electroplast was quoting at Rs 519.70, down Rs 10.80, or 2.04 percent.

It has touched an intraday high of Rs 545.30 and an intraday low of Rs 518.80.

It was trading with volumes of 76,265 shares, compared to its five day average of 173,246 shares, a decrease of -55.98 percent.

In the previous trading session, the share closed down 0.52 percent or Rs 2.75 at Rs 530.50.

The share touched a 52-week high of Rs 1,008.00 and a 52-week low of Rs 471.15 on 23 April, 2025 and 14 August, 2025, respectively.

Currently, the stock is trading 48.44 percent below its 52-week high and 10.3 percent above its 52-week low.

Market capitalisation stands at Rs 14,828.01 crore.

#1 Profit rises 3.4% to Rs 442.2 crore Vs Rs 427.8 crore, YoY

#2 Revenue increases 12.4% to Rs 4,002.6 crore Vs Rs 3,561.3 crore, YoY

MphasiS was quoting at Rs 2,759.25, down Rs 53.55, or 1.90 percent.

It has touched an intraday high of Rs 2,881.65 and an intraday low of Rs 2,731.45.

It was trading with volumes of 16,380 shares, compared to its five day average of 79,742 shares, a decrease of -79.46 percent.

In the previous trading session, the share closed up 0.79 percent or Rs 22.05 at Rs 2,812.80.

The share touched a 52-week high of Rs 3,078.50 and a 52-week low of Rs 2,025.05 on 24 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 10.37 percent below its 52-week high and 36.26 percent above its 52-week low.

Market capitalisation stands at Rs 52,446.95 crore.

Cipla was quoting at Rs 1,343.40, down Rs 28.15, or 2.05 percent.

It has touched an intraday high of Rs 1,385.95 and an intraday low of Rs 1,342.00.

It was trading with volumes of 351,529 shares, compared to its five day average of 101,408 shares, an increase of 246.65 percent.

In the previous trading session, the share closed up 0.15 percent or Rs 2.00 at Rs 1,371.55.

The share touched a 52-week high of Rs 1,672.20 and a 52-week low of Rs 1,310.05 on 23 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 19.66 percent below its 52-week high and 2.55 percent above its 52-week low.

Market capitalisation stands at Rs 108,516.06 crore.

Housing & Urban Development Corporation was quoting at Rs 196.70, down Rs 10.60, or 5.11 percent.

It has touched an intraday high of Rs 208.65 and an intraday low of Rs 196.10.

It was trading with volumes of 286,847 shares, compared to its five day average of 247,542 shares, an increase of 15.88 percent.

In the previous trading session, the share closed up 2.07 percent or Rs 4.20 at Rs 207.30.

The share touched a 52-week high of Rs 253.80 and a 52-week low of Rs 158.90 on 03 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 22.5 percent below its 52-week high and 23.79 percent above its 52-week low.

Market capitalisation stands at Rs 39,377.37 crore.

AU Small Finance Bank was quoting at Rs 980.45, down Rs 19.65, or 1.96 percent.

It has touched an intraday high of Rs 1,001.50 and an intraday low of Rs 979.

It was trading with volumes of 18,631 shares, compared to its five day average of 84,004 shares, a decrease of -77.82 percent.

In the previous trading session, the share closed up 0.53 percent or Rs 5.30 at Rs 1,000.10.

The share touched a 52-week high of Rs 1,029.60 and a 52-week low of Rs 479 on 16 January, 2026 and 18 March, 2025, respectively.

Currently, the stock is trading 4.77 percent below its 52-week high and 104.69 percent above its 52-week low.

Market capitalisation stands at Rs 73,279.17 crore.

#1 Customer collections jumped 66 percent YoY in Q3

#2 Customer collections driving strong operating cash flow & gross debt turning zero for the first time since IPO

#3 Pre-sales missed due to lack of marketable inventory & no new launches

#4 Management reaffirmed full-year pre-sales guidance

#5 P&L beat estimates on project delivery-driven revenue surge

#6 Lease income grew 18 percent YoY, above estimates

Stylam Industries was quoting at Rs 2,209, up Rs 1.50, or 0.07 percent.

It has touched an intraday high of Rs 2,304 and an intraday low of Rs 2,154.45.

It was trading with volumes of 1,996 shares, compared to its five day average of 273 shares, an increase of 632.21 percent.

#1 Cells accounted for 54 percent of order book versus 59 percent in Q2FY26

#2 Stock trading at 9x / 8x FY27/ 28 EBITDA

The Sensex was down 322.74 points or 0.39 percent at 81,984.63, and the Nifty was down 95.90 points or 0.38 percent at 25,194.00. About 1372 shares advanced, 2307 shares declined, and 137 shares unchanged.

#1 Strong Q3 with volumes, highest ever quarterly

#2 EBITDA/t sustained above Rs 5,000 for second consecutive quarter

#3 Q4 guidance of 20 percent volume growth implies EBITDA of Rs 500 crore at current run rate

#4 FY27 guidance raised to 20 percent volume growth

#5 Annualised run rate of 4.4 m tonnes expected

APL Apollo Tubes was quoting at Rs 2,024.70, up Rs 52.25, or 2.65 percent.

It has touched a 52-week high of Rs 2,069.90.

It has touched an intraday high of Rs 2,069.90 and an intraday low of Rs 1,995.

It was trading with volumes of 84,696 shares, compared to its five day average of 26,186 shares, an increase of 223.44 percent.

Supreme Industries was quoting at Rs 3,502.25, up Rs 14.80, or 0.42 percent.

It has touched an intraday high of Rs 3,507.40 and an intraday low of Rs 3,440.85.

It was trading with volumes of 2,282 shares, compared to its five day average of 13,318 shares, a decrease of -82.87 percent.

In the previous trading session, the share closed up 4.14 percent or Rs 138.65 at Rs 3,487.45.

The share touched a 52-week high of Rs 4,740.00 and a 52-week low of Rs 3,020.00 on 17 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.11 percent below its 52-week high and 15.97 percent above its 52-week low.

Market capitalisation stands at Rs 44,487.99 crore.

The company has secured a sizable domestic order of Rs 47.66 crore for design, manufacturing and supply of Pre-Engineered Building/ Structural Steel.

M & B Engineering was quoting at Rs 310.15, down Rs 7.30, or 2.30 percent.

It has touched a 52-week low of Rs 304.85.

It has touched an intraday high of Rs 317.35 and an intraday low of Rs 304.85.

Indian rupee has erased all the opening gains and trading lower at 91.67 per dollar versus Thursday's close of 91.62.

Kotak Mahindra Bank, UltraTech Cement, Chennai Petroleum Corporation, SBFC Finance, Shyam Metalics and Energy, and Vakrangee will announce December quarter earnings on January 24.

Shriram Finance, Cipla, JSW Steel, IndusInd Bank, Bharat Petroleum Corporation, Adani Green Energy, DCB Bank, Godrej Consumer Products, Granules India, India Cements, JSW Energy, Laurus Labs, Multi Commodity Exchange of India, Nuvama Wealth Management, Piramal Finance, Sona BLW Precision Forgings, Urban Company, and Welspun Specialty Solutions will release their quarterly earnings today.

Swan Defence and Heavy Industries (SDHI) today announced the signing of its first newbuild contract for six (6) IMO Type II chemical tankers, each of 18,000 DWT, to be constructed at its revitalized shipyard in Pipavav, Gujarat.

Valued at USD 227 million, the contract from leading European shipowner Rederiet Stenersen AS.

#1 Q3 PAT missed due to higher provisions, sequential improvement in key metrics

#2 Gross NPA declined 170 bps QoQ, loans grew around 4.8 percent QoQ

#3 Management expects medium-term loan growth of 15-17 percent

#4 FY27 exit credit cost guided at 1.6-1.7 percent

#5 Medium-term credit cost for MFI book expected at around 3-5 percent

#6 NIMs expected to improve further & slippages to sustain decline

#1 Q3 expected to be impacted sharply by the FDTL-related disruption

#2 Operational parameters were in-line with expectations, financial impact was lower than estimates

#3 Yield was better than expectations

#4 Adjusted estimate to reflect slightly higher costs & marginally lower yields

#5 Company’s operations are normalising & the impact of disruption (including penalty) was not very severe

#6 Market share remains strong & international route expansion continues

Zaggle Prepaid Ocean Services was quoting at Rs 275.95, down Rs 8.95, or 3.14 percent.

It has touched a 52-week low of Rs 275.25.

It has touched an intraday high of Rs 287.75 and an intraday low of Rs 275.25.

It was trading with volumes of 347,978 shares, compared to its five day average of 1,113,394 shares, a decrease of -68.75 percent.

The Sensex was down 283.39 points or 0.34 percent at 82,023.98, and the Nifty was down 80.45 points or 0.32 percent at 25,209.45. About 1451 shares advanced, 2147 shares declined, and 154 shares unchanged.

The company has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for the development of renewable energy and green hydrogen projects in Uttar Pradesh.

NTPC Green Energy was quoting at Rs 90.55, down Rs 0.70, or 0.77 percent.

It has touched an intraday high of Rs 92.50 and an intraday low of Rs 90.55.

In the previous trading session, the share closed up 2.04 percent or Rs 1.82 at Rs 91.25.

The share touched a 52-week high of Rs 120.65 and a 52-week low of Rs 84.60 on 01 February, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 24.95 percent below its 52-week high and 7.03 percent above its 52-week low.

Market capitalisation stands at Rs 76,300.42 crore.

The company has acquired a 50 percent stake each in Bharat Ethane One IFSC and Bharat Ethane Two IFSC via private placement. As a result of these equity subscriptions, ONGC has become a 50 percent joint venture partner with Mitsui O.S.K. Lines, Japan (MOL), in both companies.

The Sensex was down 70.59 points or 0.09 percent at 82,236.78, and the Nifty was down 11.55 points or 0.05 percent at 25,278.35. About 1578 shares advanced, 1871 shares declined, and 173 shares unchanged.

Asian stocks climbed to a record and the dollar held its losses as global investors favored non-US assets amid policy unpredictability and geopolitical risks. Precious metals also set new all-time highs.

#1 Profit tanks 25% to Rs 91.8 crore Vs Rs 122.3 crore, YoY

#2 Revenue falls 4% to Rs 1,848.5 crore Vs Rs 1,926.4 crore, YoY

Cyient was quoting at Rs 1,117.95, down Rs 17.60, or 1.55 percent.

It has touched an intraday high of Rs 1,134.95 and an intraday low of Rs 1,113.80.

It was trading with volumes of 14,753 shares, compared to its five day average of 26,097 shares, a decrease of -43.47 percent.

In the previous trading session, the share closed up 1.14 percent or Rs 12.75 at Rs 1,135.55.

The share touched a 52-week high of Rs 1,621 and a 52-week low of Rs 1,050.20 on 24 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 31.03 percent below its 52-week high and 6.45 percent above its 52-week low.

Market capitalisation stands at Rs 12,417.72 crore.

#1 Profit rises 3.4% to Rs 442.2 crore Vs Rs 427.8 crore, YoY

#2 Revenue increases 12.4% to Rs 4,002.6 crore Vs Rs 3,561.3 crore, YoY

MphasiS was quoting at Rs 2,745, down Rs 67.80, or 2.41 percent.

It has touched an intraday high of Rs 2,881.65 and an intraday low of Rs 2,737.20.

It was trading with volumes of 12,066 shares, compared to its five day average of 79,742 shares, a decrease of -84.87 percent.

FSN E-Commerce Ventures (Nykaa) was quoting at Rs 237.65, down Rs 1.80, or 0.75 percent.

It has touched an intraday high of Rs 240.50 and an intraday low of Rs 237.00.

It was trading with volumes of 367,254 shares, compared to its five day average of 103,260 shares, an increase of 255.66 percent.

In the previous trading session, the share closed down 0.95 percent or Rs 2.30 at Rs 239.45.

The share touched a 52-week high of Rs 273.20 and a 52-week low of Rs 154.90 on 18 November, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 13.01 percent below its 52-week high and 53.42 percent above its 52-week low.

Market capitalisation stands at Rs 68,031.76 crore.

HG Infra Engineering was quoting at Rs 624.05, down Rs 39.15, or 5.90 percent.

It has touched a 52-week low of Rs 624.05.

It has touched an intraday high of Rs 663.20 and an intraday low of Rs 624.05.

It was trading with volumes of 12,320 shares, compared to its five day average of 7,737 shares, an increase of 59.24 percent.

In the previous trading session, the share closed up 1.62 percent or Rs 10.55 at Rs 663.20.

Market capitalisation stands at Rs 4,067.00 crore.

Dabur India was quoting at Rs 531.85, up Rs 6.65, or 1.27 percent.

It has touched an intraday high of Rs 532.75 and an intraday low of Rs 522.

It was trading with volumes of 11,439 shares, compared to its five day average of 54,889 shares, a decrease of -79.16 percent.

In the previous trading session, the share closed up 1.79 percent or Rs 9.25 at Rs 525.20.

The share touched a 52-week high of Rs 576.80 and a 52-week low of Rs 420.05 on 04 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 7.79 percent below its 52-week high and 26.62 percent above its 52-week low.

Market capitalisation stands at Rs 94,333.71 crore.

DLF was quoting at Rs 611.20, down Rs 2.45, or 0.40 percent.

It has touched an intraday high of Rs 622.20 and an intraday low of Rs 608.60.

It was trading with volumes of 117,993 shares, compared to its five day average of 165,563 shares, a decrease of -28.73 percent.

In the previous trading session, the share closed down 0.67 percent or Rs 4.15 at Rs 613.65.

The share touched a 52-week high of Rs 887.50 and a 52-week low of Rs 601.20 on 09 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 31.13 percent below its 52-week high and 1.66 percent above its 52-week low.

Market capitalisation stands at Rs 151,291.05 crore.

Eternal was quoting at Rs 268.65, down Rs 7.35, or 2.66 percent.

It has touched an intraday high of Rs 277.25 and an intraday low of Rs 265.65.

It was trading with volumes of 4,144,212 shares, compared to its five day average of 2,357,194 shares, an increase of 75.81 percent.

In the previous trading session, the share closed down 2.61 percent or Rs 7.40 at Rs 276.00.

The share touched a 52-week high of Rs 368.40 and a 52-week low of Rs 189.60 on 16 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 27.08 percent below its 52-week high and 41.69 percent above its 52-week low.

Market capitalisation stands at Rs 259,256.67 crore.

Kotak Mahindra Bank was quoting at Rs 428.10, up Rs 2.30, or 0.54 percent.

It has touched an intraday high of Rs 429.75 and an intraday low of Rs 425.40.

It was trading with volumes of 22,095 shares, compared to its five day average of 1,379,670 shares, a decrease of -98.40 percent.

HSBC India January Manufacturing PMI at 56.8 versus 55 in December.

Zaggle Prepaid Ocean Services has entered into an agreement with HDFC ERGO General Insurance Company and IRM Energy.

Zaggle Prepaid Ocean Services was quoting at Rs 278.90, down Rs 6.00, or 2.11 percent.

It has touched an intraday high of Rs 287.75 and an intraday low of Rs 278.90.

It was trading with volumes of 192,042 shares, compared to its five day average of 1,113,394 shares, a decrease of -82.75 percent.

Swan Defence and Heavy Industries (SDHI) today announced the signing of its first newbuild contract for six (6) IMO Type II chemical tankers, each of 18,000 DWT, to be constructed at its revitalized shipyard in Pipavav, Gujarat.

Valued at USD 227 million, the contract from leading European shipowner Rederiet Stenersen AS.

Sun Pharmaceutical Industries has received approval from the Drugs Controller General of India (DCGI) to manufacture and market a generic version of semaglutide injection. Semaglutide, a glucagon-like peptide-1 (GLP-1) receptor agonist, is indicated for chronic weight management in adults as an adjunct to a reduced calorie diet and increased physical activity.

Sun Pharmaceutical Industries was quoting at Rs 1,629, down Rs 5.40, or 0.33 percent.

It has touched an intraday high of Rs 1,640.20 and an intraday low of Rs 1,625.30.

It was trading with volumes of 6,824 shares, compared to its five day average of 379,243 shares, a decrease of -98.20 percent.

#1 Profit soars 44% to Rs 140.2 crore Vs Rs 97.4 crore, YoY

#2 Net interest income zooms 44% to Rs 234.7 crore Vs Rs 163.1 crore, YoY

Home First Finance Company India was quoting at Rs 1,106.85, up Rs 57.10, or 5.44 percent.

It has touched an intraday high of Rs 1,124.60 and an intraday low of Rs 1,059.75.

It was trading with volumes of 47,599 shares, compared to its five day average of 17,021 shares, an increase of 179.65 percent.

In the previous trading session, the share closed up 0.88 percent or Rs 9.15 at Rs 1,049.75.

The share touched a 52-week high of Rs 1,518.80 and a 52-week low of Rs 838.65 on 25 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 27.12 percent below its 52-week high and 31.98 percent above its 52-week low.

Market capitalisation stands at Rs 11,521.83 crore.

#1 Profit surges 56.3% to Rs 24.3 crore Vs Rs 15.5 crore, YoY

#2 Revenue jumps 31.4% to Rs 317.6 crore Vs Rs 241.8 crore, YoY

LE Travenues Technology (IXIGO) was quoting at Rs 232.25, down Rs 3.65, or 1.55 percent.

It has touched an intraday high of Rs 247.10 and an intraday low of Rs 232.15.

It was trading with volumes of 202,383 shares, compared to its five day average of 45,184 shares, an increase of 347.91 percent.

In the previous trading session, the share closed down 1.42 percent or Rs 3.40 at Rs 235.90.

The share touched a 52-week high of Rs 339.05 and a 52-week low of Rs 118.65 on 16 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 31.5 percent below its 52-week high and 95.74 percent above its 52-week low.

Market capitalisation stands at Rs 10,162.78 crore.

#1 Profit soars 13.7% to Rs 1,203.4 crore Vs Rs 1,058.7 crore, YoY

#2 Revenue zooms 32.2% to Rs 2,020.2 crore Vs Rs 1,528.7 crore, YoY

#3 Other income spikes 120% to Rs 459.3 crore Vs Rs 208.8 crore, YoY

#4 Exceptional loss narrows to Rs 60.2 crore Vs loss of Rs 302.4 crore, YoY

#1 Profit jumps 11.4% to Rs 158.7 crore Vs Rs 142.4 crore, YoY

#2 Revenue grows 17% to Rs 1,639.2 crore Vs Rs 1,400.9 crore, YoY

Adani Total Gas was quoting at Rs 538.55, down Rs 9.85, or 1.80 percent.

It has touched an intraday high of Rs 551 and an intraday low of Rs 536.80.

It was trading with volumes of 30,976 shares, compared to its five day average of 91,528 shares, a decrease of -66.16 percent.

In the previous trading session, the share closed up 3.85 percent or Rs 20.35 at Rs 548.40.