Stock Market Live Updates: Sensex Dropped below 400 points, Nifty around 23,350

On January 21, 2025, the Sensex is making a recovery, now trading at 76,644, down by 429 points. Similarly, the Nifty has dropped by 107 points to trade at 23,237. Among the stocks facing declines on the Nifty are ONGC, Trent, NTPC, SBI Life Insurance, and Kotak Mahindra Bank, marking them as the top losers. Conversely, shares of Apollo Hospitals, UltraTech Cement, Hindalco, Tech Mahindra, and Cipla have emerged as the top gainers, indicating a mixed market sentiment.

In the midst of these market movements, all sectors faced downturns, indicating a broad-based selloff. Specifically, the BSE Midcap and Smallcap indices each recorded a 1 percent decline. Noteworthy among the stocks, BPCL, Apollo Hospitals, Tata Consumer, JSW Steel, and UltraTech Cement emerged as the major gainers on the Nifty. Conversely, Trent, Adani Enterprises, Adani Ports, Kotak Mahindra Bank, and Reliance Industries were among the notable losers, further reflecting the day's negative sentiment.

However, US stock futures which ended higher on Trump's inauguration day, were facing a cautious tone on Tuesday. Wall Street will open on January 21, after a three-day holiday, which will make its first reaction after Trump's oath.

Companies like South Indian Bank, Tata Tech, Indian Bank, India Cement, India Mart, and ICICI Prudential will be in focus due to their Q3 results.

On the previous day, Sensex ended at 77,073.44, higher by 454.11 points or 0.6%, while Nifty 50 closed at 23,344.75, up by 141.55 points or 0.61%.

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Jan 21, 2025, 1:41 pm IST

Sensex Dropped below 400 points, Nifty around 23,350

The Sensex is making a recovery from a recent sell-off, trading down by 429 points at 76,644, while the Nifty has slipped by 107 points to trade at 23,237. Shares of ONGC, Trent, NTPC, SBI Life Insurance, and Kotak Mahindra Bank are among the major losers on the Nifty. On the flip side, Apollo Hospitals, UltraTech Cement, Hindalco, Tech Mahindra, and Cipla are leading the list of gainers.

Jan 21, 2025, 12:28 pm IST

Stock Market Down, All Sectors in Red

Sensex has plunged more than 700 points, while the Nifty has fallen below the 23,200 mark. This downturn is accompanied by a 5% surge in India VIX, indicating a rise in volatility. The market's sharp decline reflects investors' growing concerns, possibly triggered by various economic factors.

Jan 21, 2025, 12:26 pm IST

Zomato's Share in Focus after Q3 Results

Today's notable decline in Zomato's share price, which fell by 11.43%, can be attributed to its reported 57% drop in net profit for the third quarter, amounting to Rs 59 crore. Despite this, the company witnessed a 64% increase in revenue, reaching Rs 5,405 crore. This financial performance has elicited mixed reactions from analysts. While UBS and Nomura have given Zomato 'Buy' ratings, suggesting confidence in its future growth, Macquarie has expressed a more cautious stance by rating it as 'Underperform'. Additionally, Bank of America (BofA) has indicated that despite expecting Blinkit's losses to continue, they foresee Zomato achieving strong growth in the foreseeable future. This juxtaposition of opinions highlights the varied perspectives on Zomato's financial health and market potential. The diverse analyst ratings reflect the complexities of assessing Zomato's performance and potential in the highly competitive food delivery market. The company's ability to navigate its challenges while capitalizing on growth opportunities will be crucial in determining its future trajectory in the stock market.

Jan 21, 2025, 11:26 am IST

IPO Alerts

Leading Decorative Wall Panel & Premium Laminates Brand Euro Pratik files DRHP for Rs 730 crore IPO

Jan 21, 2025, 11:21 am IST

Bank of Baroda's Rs 1.53 Crore Deal: Streamlining Operations Through Subsidiary Expertise

Bank of Baroda has decided to shift its depository (DEMAT) operations to BOB Capital Markets, a fully owned subsidiary. This transaction, valued at Rs 1.53 crore, signifies the bank's intent to streamline its operations and leverage the specialized capabilities of its subsidiary in handling DEMAT services.

Jan 21, 2025, 10:39 am IST

Upcoming IPO

Leading Decorative Wall Panel & Premium Laminates Brand Euro Pratik files DRHP for Rs 730 crore IPO.

Jan 21, 2025, 10:18 am IST

Vedanta Resources in Focus

In a notable financial development, Vedanta Resources has seen its senior unsecured rating elevated by Fitch from 'B-' to 'B+'. This upgrade is a reflection of the substantial decrease in the refinancing risks faced by the company. Moreover, alongside the rating enhancement, Fitch has revised Vedanta Resources' outlook to stable, signaling a positive shift in the company's financial health and stability.

Jan 21, 2025, 9:46 am IST

Sensex, Nifty Opening Bell

Indian stock market witnessed a volatile momentum, with Media, IT, metals and pharma stocks emerging as top gainers, while banking, financial, consumer durables and realty stocks becoming top bears. The market is reacting to Donald Trump's inaugural speech where he signed significant executive orders, however, refrained from going all-in with stringent tariff policies. Here is the latest price of Sensex and Nifty 50:

Jan 21, 2025, 9:11 am IST

Rupee Holds Above 86.3 As Dollar Dulls After Trump Resisted Stringent Tariff Reforms

Indian rupee traded at 86.3 per dollar, appreciating against the US currency from the previous day's print of 86.55 per dollar. The rupee strengthened mildly due to the dullness of the dollar after Trump did not announce stringent tariff hikes on his first day 1 at the White House. However, the rupee was still under pressure and above 86 levels, while being closer to its record low. The dollar's movement with anticipation of Trump's policies is likely to be a key driver of the local currency. Trump has stated that he is mulling for 25% tariffs on Canada and Mexico from February 1, 2025.

Jan 21, 2025, 8:29 am IST

Stock Market Live Updates: Sensex, Nifty Outlook After Trump Inauguration

Shrikant Chouhan, Head Equity Research, Kotak Securities: We are of the view that 23170/76600 will act as a key support zone for day traders. If it sustains above this level, it could bounce back to 23450-23500/77300-77500. However, if it falls below 23170/76600, the uptrend would be vulnerable. Below this level, traders may prefer to exit their long positions."

Jan 21, 2025, 8:27 am IST

Stock Market Live Updates: Sensex, Nifty Yesterday

On the previous day, Sensex ended at 77,073.44, higher by 454.11 points or 0.6%, while Nifty 50 closed at 23,344.75, up by 141.55 points or 0.61%.