Daily Market Update: January 21, 2025

1–2 minutes
21/01/2025

Indian Market Performance

The Indian equity markets experienced a sharp decline on Tuesday, influenced by weak global cues and heightened uncertainty stemming from new trade tariffs announced by the Trump administration. The BSE Sensex closed 1.60% lower at 75,838.36, while the NSE Nifty 50 fell 1.37% to end at 23,024.65.

Broader indices mirrored the losses, with the Nifty Midcap 150 and Nifty Smallcap 250 tumbling 1.99% and 2.12%, respectively. Market volatility surged as the India VIX climbed 3.89% to 17.06, indicating an increase in market uncertainty.

Sectoral Highlights

Top Gainers:

Nifty FMCG: Displayed resilience with marginal gains.

Nifty Healthcare and Nifty Metal: Outperformed broader markets amid mixed global trends.

Top Losers:

Nifty Realty: Witnessed heavy selling pressure.

Nifty Consumer Durables and Nifty Financial Services: Underperformed significantly.

Key Movers (Nifty 50)

Top Gainers:

Apollo Hospitals: +2.13% to ₹6,925

Tata Consumer Products: +1.22% to ₹972

BPCL: +1.10% to ₹280.35

Top Losers:

Trent: -6.00% to ₹5,724.75

NTPC: -3.44% to ₹324.50

Adani Ports: -3.29% to ₹1,110.90

Market breadth remained negative, with 2,095 stocks declining against 715 advancing on the NSE, indicating widespread selling pressure.

Top Volume Gainers

Despite the sell-off, several stocks recorded significant trading activity:

Manugraph India Limited: Surged 16.18% to ₹22.90 with volumes 32.31x higher than its two-week average.

Radhika Jeweltech Limited: Climbed 3.75% to ₹113.85 after a strong quarterly PAT growth of 45%, with trading volumes 12.17x higher than the average.

Amines & Plasticizers Limited: Gained 15.04% to ₹312.00, supported by volumes 11.70x above average.

Global Economic Calendar Highlights

Investors globally are keeping a close watch on the following economic events:

US & Eurozone PMI Data: A critical indicator of manufacturing and services sector health.

Bank of Japan Meeting: Decisions on monetary policy are expected to influence Asian markets.

China Rate Decisions: Any rate cuts could bolster sentiment in metal and manufacturing stocks.

Closing Note

Markets are dynamic and every high and low presents an opportunity for learning and wealth creation. It’s an invitation to reconnect with your financial goals and build meaningful wealth.

For deeper insights and strategies, watch our YouTube video to stay ahead in these evolving market conditions.