The BSE Sensex fell by 241.30 points (0.31%), closing at 77,339.01, trading within a range of 76,965.06 to 77,886.97. Similarly, the NSE Nifty50 closed down by 78.90 points (0.34%) at 23,453, with the index fluctuating between 23,350.40 and 23,606.80 throughout the day.
The broader markets also reflected a mixed sentiment, with the Nifty Smallcap100 index falling 0.53% and the Nifty Midcap100 remaining flat. Meanwhile, India VIX, the volatility index, rose by 2.65% to 15.17, signalling a rise in market uncertainty.
Impact on the stock market
Today’s trading session showed mixed results across different sectors:
- Declining Sectors: Nifty IT dropped 2.32% as tech giants Coforge, Persistent Systems, HCL Tech, Tech Mahindra, and LTTS led the losses. Other lagging sectors included Nifty Media, Pharma, CPSE, and Healthcare, with losses extending up to 1.60%.
- Gaining Sectors: On the positive side, Nifty FMCG, Metal, Banking, Realty, Financial, and Consumer Durable indices gained, with increases of up to 1.90%.
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| Sector/Index | Performance |
| IT & BPM sector | -2.32% |
| Healthcare sector | -1.07% |
| Oil & Gas sector | -1.60% |
| Real estate sector | +0.56% |
| PSU Bank in India | +0.65% |
Top gainers today
| Company | Price | Change % |
| Hindalco Share Price | 651.05 | 3.78 |
| Hero Motocorp Share Price | 4,733.00 | 2.80 |
| Tata Steel Share Price | 141.21 | 2.34 |
| HUL Share Price | 2,422.90 | 1.41 |
| M&M Share Price | 2,846.90 | 1.41 |
Top losers today
| TCS Share Price | 4,019.50 | -3.05 |
| BPCL Share Price | 289.20 | -3.02 |
| Infosys Share Price | 1,811.45 | -2.85 |
| Dr Reddys Labs Share Price | 1,193.55 | -2.70 |
| Trent Share Price | 6,301.65 | -2.50 |
Market aftermath: Impact on stocks
Crompton Greaves – Positive Q2 Results Drive 7% Gain
Crompton Greaves Consumer Electricals surged by 7% after reporting a strong Q2 performance. The company’s consolidated net profit rose 27.8% YoY to ₹124.9 crore, while revenue grew by 6.4% YoY to ₹1,896 crore. This uptick reflects Crompton Greaves’ strategic pricing actions to offset rising commodity prices, making it a standout performer in today’s session.
Crompton Greaves was trading 4% higher at ₹385. Year-to-date, the stock has gained 23%, significantly outperforming the Nifty 50’s 8% rise over the same period.
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Muthoot Finance – AUM Milestone Boosts Stock
Shares of Muthoot Finance climbed nearly 8% as the company reached a milestone Assets Under Management (AUM) of ₹1.04 lakh crore. The firm’s gold loan AUM also hit a record high of ₹86,164 crore, boosted by increased demand amid RBI’s tightened rules on unsecured lending.
A positive outlook by investment firms further fueled the rally. Bernstein maintained an Outperform rating with a price target of ₹2,000, while Morgan Stanley upgraded the stock to Equal weight from Underweight, citing an improving environment for the company.
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Anupam Rasayan – Weak Q2 Results Hit Stock Price
Anupam Rasayan faced losses following disappointing Q2 results. The company reported a 37% YoY drop in net profit to ₹30.6 crore and a 25.22% decline in revenue to ₹295.9 crore. Shares of Anupam Rasayan fell 2.87% to ₹713.45, with investors responding to the subdued performance.
Despite a tough quarter, the company’s Managing Director, Anand Desai, expressed optimism, highlighting growth in the Pharma and Polymer segments and the planned launch of additional molecules to boost revenue in the coming months.
Crude Oil Gains Amid Escalating Tensions
Global crude oil prices edged higher today amid rising tensions between Russia and Ukraine. January Brent futures increased by 0.49% to $71.39 per barrel, while WTI futures rose by 0.48% to $67.24 per barrel.
In India, November crude oil futures on MCX traded slightly up at ₹5,676 per barrel, while December futures gained 0.37% to ₹5,700. The increase in crude oil prices is attributed to concerns over potential supply disruptions, following Russia’s recent missile and drone strikes on Ukraine. This geopolitical situation is being closely monitored, as Russia remains one of the world’s largest oil producers.
Conclusion
Today’s session saw Indian indices grappling with weak global cues, sectoral declines, and mixed individual stock performances. Notable gainers included Crompton Greaves and Muthoot Finance, driven by strong Q2 results and key business milestones. However, stocks like Anupam Rasayan faced challenges due to underwhelming earnings.
With rising volatility and uncertainty in global markets, investors are likely to remain cautious as they navigate the complexities of today’s market environment.
For more stock market insights, check out the StockGro blog.
