Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%

Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.

Stock Market Wrap, Wednesday, January 22, 2025: Equity benchmark indices witnessed a roller-coaster ride in intra-day deals on Wednesday. The benchmark indices after a relative steady start, pared gains and slipped into red, only to bounce back stronger led by gains in IT and private banking shares.  The BSE Sensex after opening higher at 76,114, pared gains and slipped into red to a low of 75,817. The Sensex eventually surged to the day's high of 76,461, and settled with a gain of 567 points at 76,405.  The NSE Nifty 50 index slipped intra-day below the 23,000-mark for the second straight day. The index touched a low of 22,981, but finally ended with 131 points higher at 23,155.  HDFC Bank in particular led the rebound in noon deals after the private lender reported a 2 per cent growth in Q3 net at Rs 16,735.5 crore, as against analysts expectations of a likely drop in net profit. The stock ended 1.7 per cent higher at Rs 1,669. READ MORE  Among the other Sensex 30 shares, Infosys and TCS surged around 3 per cent each. Tech Mahindra, Sun Pharma, Bajaj Finserv, HDFC Technologies, Bajaj Finance, Maruti, Kotak Bank, IndusInd Bank and Zomato were up 1 - 2 per cent each.  On the flip side, Tata Motors slipped over 2 per cent. Power Grid, Axis Bank and SBI were the other notable losers.  In the broader market, the BSE MidCap index slipped 1.2 per cent, while the SmallCap tanked 1.6 per cent. Both the indices had recouped some of the losses in the latter half of the day.  Among the sectorial indices - the BSE Realty index tumbled to a 10-month low. The Capital Goods index was also down nearly 2 per cent. Among others, the IT index rallied over 2 per cent on Wednesday. 

4:01 PM

Stock Market Highlights LIVE Updates: Benchmark indices rebounded amidst heightened volatility

The benchmark indices rebounded amidst heightened volatility following better-than-expected results from a major private bank. The IT sector led gains, recovering from recent losses, while mid and small-cap stocks continued to underperform due to valuation concerns.

Apart from Banking and IT, most sectors posted losses, with the realty sector being the hardest hit for consecutive days.  The news that the US is considering lower tariffs on China may provide temporary relief, but underlying concerns persist. A moderation in the dollar index could potentially halt rupee depreciation.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

3:51 PM

Stock Market Highlights LIVE Updates: 23,350–23,400 zone key resistance for Nifty50

On Wednesday, Nifty took support near its previous session low of 22,980 and formed a hammer tweezer bottom candlestick on the daily chart, signaling potential recovery toward 23,350 levels after Tuesday's decline.

However, sustained bullish momentum will only emerge if Nifty closes above 23,500, where the 21-day EMA is positioned. Until then, a cautious approach is advised. Short-term traders can focus on the 23,000–23,350 range, with 23,000 providing strong support and the 23,350–23,400 zone acting as a key resistance for the index.

(View by: Vatsal Bhuva, Technical Analyst at LKP Securities)

3:45 PM

Stock Market Highlights LIVE Updates: IT stocks shine on NSE

Wipro, Infosys, TCS and Tech Mahindra were among the top five gainers on the NSE.

3:43 PM

Stock Market Highlights LIVE Updates: Nifty IT, Pharma, Healthcare lead among sectoral trends.

Nifty IT, Pharma, and Healthcare ended on the higher side among sectors.

3:40 PM

Stock Market Highlights LIVE Updates: Broader indices underperform

The BSE SmallCap index closed 1.56 per cent lower, while the BSE MidCap index slipped 1.20 per cent.

3:38 PM

Stock Market Highlights LIVE Updates: Heatmap check

21 out of 30 stocks end in green on the BSE Sensex

3:35 PM

Stock Market Highlights LIVE Updates: Nifty finishes 135 points higher

The NSE's Nifty50 closed 0.59 per cent higher at 23,160 level.

3:33 PM

Stock Market LIVE Updates: Sensex ends 566 pts higher

The BSE Sensex closed 566 points or 0.75 per cent higher on Wednesday.

3:24 PM

Stock Market LIVE Updates: SmallCap, MidCap indices plunge 10% in last one month; What comes next?

The broader markets bled for the second consecutive day on Wednesday, falling over 5 per cent in the last two trading sessions. The Nifty Midcap100 plunged 2.72 per cent at 52,366.85 level, while Nifty Smallcap100 plummeted 2.94 per cent at 16,941.65 level in Wednesday's intraday deals.

 

On Tuesday, Nifty Midcap100 ended 2.31 per cent lower with Nifty Smallcap100 closing with a fall of 2.28 per cent. Moreover, in the last one month, Midcaps have fallen 10 per cent, and Smallcaps dived by 9.53 per cent.  

 

Analysts say that the whole market has been correcting since September, which was a record high. From September to December 31, small and mid-caps significantly outperformed the Sensex and Nifty. However, in the last 20 days, they have come under tremendous pressure, they said. Read more

3:11 PM

Stock Market LIVE Updates: IndiGo to report Q3 2025 results on Friday; here's what analysts expect

IndiGo Q3 results 2025 expectations: Analysts tracking IndiGo stock expect the low-cost airline to report a turnaround performance in the quarter ended December 31, 2024, on a sequential basis. On a year-on-year basis, however, the airline may see a slide in net profit growth due to high base of last year and possible decrease in passenger load factor (PLF).

 

IndiGo reported a net profit of Rs 2,998.1 crore in Q3FY24, but a loss of Rs 986.7 crore in Q2FY25. It’s revenue stood at Rs 19,452.1 crore in the year-ago period and Rs 16,969.6 crore in the September quarter of the ongoing financial year. Read more

3:04 PM

Polycab India share extends fall post Q3 results, down 12% in 2 days

Polycab India share price: Shares of Polycab India slipped 9 per cent to Rs 5,986.25 on the BSE in Wednesday’s intra-day trade, extending its previous day’s decline on profit booking, after the company reported a good set of numbers for the quarter ended December 2024 (Q3FY25). READ MORE

2:58 PM

Polycab India Q3 results: Profit rises 10.8% at Rs 457 cr, revenue up 20%

Wires, cables and fast moving electric goods maker Polycab India Ltd on Wednesday reported an 10.8 per cent rise in consolidated net profit at Rs 457.56 crore in the quarter that ended on December 31, 2024, backed by higher sales. READ MORE

2:51 PM

Kent RO Systems files for IPO, promoters to sell over 10 mn shares

Kent RO Systems Ltd on Wednesday filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The offer will consist of an offer for sale (OFS) by promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta, collectively offloading over one crore shares. READ MORE

2:40 PM

HDFC Bank Q3 results: Profit rises 2% YoY to Rs 16,736 cr; shares up 1%

HDFC Bank Q3 results: HDFC Bank, India’s biggest private lender, on Wednesday reported a standalone net profit of Rs 16,735.5 crore for the October-December quarter (Q3) of the current financial year (FY25). This was a 2.2 per cent year-on-year (Y-o-Y) growth over Rs 16,372.5 crore profit reported in Q3FY24. READ MORE

2:35 PM

JSW Steel Q3 Preview: Profit may plunge up to 80%, Ebitda to drop 30% YoY

JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand. READ MORE