Table of contents
The Nifty 50 opened at 21,454.60, dropping 207 points to an intraday low of 21,247.05, ultimately closing 101 points (0.47%) lower at 21,352.60.
The Sensex opened at 71,022.10, hitting an intraday low of 70,319.04, and concluded 360 points (0.51%) down at 70,319.04.
Fading hopes for a prompt US Fed rate cut, lacklustre Q4 earnings, and rising bond yields contributed to heightened market volatility.
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Impact on the stock market
On the stock market, Nifty IT was the biggest loser, falling by 1.60%, followed by Nifty Pharma (down 1.30%), Healthcare (down 1.26%), and FMCG (down 1.15%). Nifty Bank saw a loss of 0.48%, while Nifty Realty gained 0.67%.
| Sector/Index | Performance |
| Information Technology | -1.60% |
| Healthcare | -1.26% |
| Oil & Gas | -0.31% |
| Realty | +0.67% |
| PSU Banks | +0.13% |
Top gainers today
| Company | Price | Change (%age) |
| Bajaj Auto | 7,597.50 | + 5.33% |
| Adani Ports | 1,146.30 | + 2.29% |
| NTPC | 314.75 | + 1.91% |
| Coal India | 389.40 | + 1.78% |
| IndusInd Bank | 1,512.00 | + 1.42% |
Top losers today
| Company | Price | Change (%age) |
| Tech Mahindra | 1,322.05 | – 6.10% |
| Cipla | 1,369.65 | – 3.37% |
| Bharti Airtel | 1,160.55 | – 2.47% |
| LTIMindtree | 5,494.65 | – 2.22% |
| SBI Life Insurance | 1,380.90 | – 2.10% |
Market aftermath: Impact on stocks
Tech Mahindra shares dive over 6% as Q3 profits plunge 61%
Tech Mahindra’s share price plummeted over 6% on January 25, hitting ₹1,312.50 a day after revealing Q3 results. Opening at ₹1,349.65 against the prior close of ₹1,407.75, it closed 6.12% lower at ₹1,321.60.
Q3 net profits witnessed a substantial 61% YoY decline to ₹510.4 crore, compared to ₹1,296.6 crore a year ago. Revenue from operations dropped 4% YoY to ₹13,101.3 crore.
JSW Steel’s Q3 net profit soars five-fold to ₹ 2,450 crore
JSW Steel’s Q3 net profit surged five-fold YoY to ₹ 2,450 crore, despite a 12% QoQ dip. The revenue reached ₹ 41,940 crore, and operating EBITDA was ₹ 7,180 crore, down 9% sequentially.
Standalone net profit rose 96% YoY to ₹ 2,416 crore. Consolidated crude steel production increased 8% QoQ to 6.87 million tonnes, driven by higher capacity utilisation in India.
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DLF impresses with 27% yoy rise in Q3 net profit
DLF shares surged 4% as Q3 results impressed with a 27% YoY rise in net profit to ₹ 655.7 crore. Revenue from operations grew 1.8% YoY to ₹ 1,521.3 crore. The stock traded at ₹ 758.8, up 1.53% on the NSE.
DLF achieved a 15-year-high quarterly profit, all-time high pre-sales, and generated ₹ 10 billion in free cash flow in Q3. The FY25 project pipeline increased significantly, with ₹ 789 billion in launches planned in 2-3 years.
Crude oil surges
Crude oil futures rose as US inventories significantly declined, and China’s People’s Bank announced a reserve ratio cut for banks to bolster its economy. At 9:14 am on Thursday, March Brent oil futures were at $80.31, up by 0.34%, while March WTI futures stood at $75.42, reflecting a 0.44% gain.
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Conclusion
In today’s market moves, Nifty 50 and Sensex faced downward steps, led by declines in key sectors. Tech Mahindra took a hit with a 6% drop in Q3 profits, while JSW Steel soared with a five-fold rise.
DLF was impressed with a 27% YoY profit increase, adding a positive note. Crude oil surged in response to global economic cues, joining the market’s rhythm.
Stay tuned on StockGro for more twists and turns ahead as the market jives on!
