Market Update: January 21, 2025
Markets Witness a Steep Fall Amid High Volatility
Indian benchmark indices closed significantly lower on January 21, 2025, as selling pressure persisted across all sectors. The NIFTY50 saw 41 of its constituent stocks end in the red, reflecting a broad-based decline. Notably, the IMF revised the global growth forecast to 3.3% for 2025, slightly higher than the 3.2% projection in October 2024.
Index Performance
Index | Closing Value | Change | % Change |
NIFTY50 | 23,024 | ▼ 320 | -1.37% |
SENSEX | 75,838 | ▼ 1,235 | -1.60% |
India VIX | 17.06 | ▲ 0.64 | +3.90% |
NIFTY MIDCAP 100 | 53,834 | ▼ 1,271 | -2.31% |
NIFTY SMALLCAP 100 | 17,456 | ▼ 408 | -2.28% |
Sectoral Performance
All NIFTY sectoral indices closed in the red. Realty and PSU Bank sectors were the hardest hit.
Sector | Change (%) |
Realty | -4.12% |
PSU Bank | -1.73% |
Stock Movements
Top Gainers
Stock | LTP (₹) | Change (₹) | % Change |
Apollo Hospitals | 6,925 | ▲ 144 | +2.1% |
Tata Consumer | 972 | ▲ 11 | +1.2% |
BPCL | 280 | ▲ 3.0 | +1.1% |
Top Losers
Stock | LTP (₹) | Change (₹) | % Change |
Trent | 5,724 | ▼ 365 | -6.0% |
NTPC | 324 | ▼ 11.5 | -3.4% |
Adani Ports | 1,110 | ▼ 37 | -3.2% |
Stock Buzz
1. Zomato Shares Plunge After Weak Q3 Results
Zomato shares tumbled 13.3% following a 57.2% drop in Q3 net profit due to rising expenses. The company cited growing competition and narrowing margins as key challenges. Blinkit’s store expansion also increased operational costs.
- Closing Price: ₹215.40
- % Change: -10.16%
2. Dixon Technologies Declines Despite Strong Q3 Performance
Dixon Technologies reported a 117% YoY revenue surge to ₹10,461 crore and a 113% increase in EBITDA. However, the 55% drop in consumer electronics revenue raised concerns.
- Closing Price: ₹15,118
- % Change: -13.90%
3. Waaree Energies Gains on Solar PV Order
Waaree Energies secured a contract for 180 MWp of solar PV modules. This marks a significant step in expanding its renewable energy portfolio.
- Closing Price: ₹2,678
- % Change: +1.65%
4. Newgen Software Slips Post Q3 Results
Despite posting a 30.8% YoY net profit increase, Newgen Software saw its shares dip due to muted investor sentiment.
- Closing Price: ₹1,305
- % Change: -16.60%
IPO Corner: Denta Water
The Denta Water IPO opens on January 22, 2025, and closes on January 24, 2025.
Details | Value |
Issue Size | ₹220.50 crore |
Price Band | ₹279 - ₹294/share |
Minimum Investment | ₹14,700 (50 shares) |
Disclaimer
The information provided here is for educational and informational purposes only. It should not be construed as financial or investment advice. Readers are advised to perform their own research or consult a financial advisor before making any investment decisions. Market data is subject to change, and past performance is not indicative of future results.
For detailed analysis and more updates, stay tuned.
