Market Overview:

Indian equity markets exhibited a mixed performance today. The Sensex advanced 0.71% to close at 75,901, while the Nifty 50 rose 0.56% to settle at 22,957.25. Broader indices, however, struggled, with the Nifty Midcap 150 down by 0.69% to 19,019.10, and the Nifty Smallcap 250 dropping sharply by 1.82% to 15,135.10.

Volatility remained subdued, with the India VIX edging up 0.34% to 18.20, reflecting moderate uncertainty in the markets.

Sector Highlights:

Top Gainers:

• Nifty Realty (+2.17%)

• Nifty Financial Services (+1.89%)

• Nifty PSU Bank (+1.71%)

Top Losers:

• Nifty Pharma (-2.23%)

• Nifty Healthcare (-2.12%)

• Nifty Media (-1.25%)

Stock Movers:

Top Gainers:

• Jammu & Kashmir Bank: ₹95.71 (+7.56%)

• Aadhar Housing Finance: ₹391.10 (+7.40%)

Top Loser:

• Anant Raj Limited: ₹534.50 (-20%)

Key Corporate Updates:

• Union Bank of India (+4.72%): Q3 profit surged 28.2% YoY to ₹4,603.6 crore, driven by reduced provisions.

• TVS Motor (+4.68%): Announced the merger of Sundaram Auto Components to streamline operations and reduce costs.

• Piramal Enterprises (+3.90%): Swung to a ₹39 crore profit in Q3 FY25 from a ₹2,378 crore loss a year ago.

• SpiceJet (+2.44%): To reintroduce Boeing 737 MAX aircraft to its fleet on January 29, improving operational efficiency.

• Gensol EV (-6.44%): Received pre-orders for 30,000 units of its EZIO & EZIBOT EVs at the Bharat Mobility Expo, signaling strong demand.

Volume Gainers:

• Agri-Tech (India) Limited: Shares soared 12.77% to ₹184.99, with trading volumes surging 25.48x the two-week average, driven by positive Q3 results.

• Updater Services Limited: Rose 4.33% to ₹334.00 on 11x higher trading volumes, bolstered by a 107.68% YoY growth in Q3 profits.

• Race Eco Chain Limited: Recorded a moderate gain of 1.41% to ₹321.05, with trading volumes up 3.61x the two-week average.

Global Economic Calendar Highlights:

Global markets remain watchful as key economic data releases drive sentiment:

• United States: CB Consumer Confidence Index (Jan)

• Eurozone: Economic Sentiment and Industrial Sentiment (Jan)

• China: Manufacturing and Non-Manufacturing PMIs (Jan)

• Japan: Industrial Production (Dec), Retail Sales (Dec)

Closing Thoughts:

While frontline indices posted modest gains, the bearish sentiment in the broader market indicates selective buying across sectors. Investors remain cautious amid key global and domestic triggers. Stay tuned to our YouTube channel for an in-depth analysis of today’s market trends and strategies for navigating the current volatility.