The 30-share BSE Sensex tumbled 1,235.08 points (-1.60%) to settle at 75,838.36, swinging between 75,641.87 and 77,337.36 throughout the day.
Similarly, the NSE Nifty50 lost 320.10 points (-1.37%), closing at 23,024.65, after touching a high of 23,426.30 and a low of 22,976.85 during the session.
The broader market also followed the downtrend:
- Nifty Midcap100 fell 2.31% to 53,834.95.
- Nifty Smallcap100 dropped 2.28%, closing at 17,456.50.
Impact on the stock market
No sector was spared in today’s sell-off, with all major sectoral indices closing in the red.
- Nifty Financial Services fell 1.65%.
- Nifty Consumer Durables (-4.06%) saw the biggest declines.
- Nifty Pharma (-1.35%), Nifty Media (-1.49%), and Nifty Metal (-0.94%) also recorded losses.
- Even defensive sectors struggled, with Nifty FMCG (-0.21%) failing to provide support.
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| Sector/Index | Performance |
| IT & BPM sector | -1.17% |
| Healthcare sector | -0.70% |
| Oil & Gas sector | -1.13% |
| Real estate sector | -4.12% |
| PSU Bank in India | -1.73% |
Top gainers today
| Company | Price | Change % |
| Apollo Hospital Share Price | 6,906.30 | 1.85 |
| TATA Cons. Prod Share Price | 970.50 | 1.06 |
| BPCL Share Price | 279.80 | 0.90 |
| HCL Tech Share Price | 1,810.60 | 0.80 |
| JSW Steel Share Price | 924.95 | 0.63 |
Top losers today
| Company | Price | Change % |
| Trent Share Price | 5,736.95 | -5.80 |
| Adani Ports Share Price | 1,106.20 | -3.70 |
| NTPC Share Price | 324.30 | -3.50 |
| ICICI Bank Share Price | 1,196.15 | -2.98 |
| SBI Share Price | 759.05 | -2.59 |
Market aftermath: Impact on stocks
UCO Bank: Profit surge but stock remains flat
Despite posting strong Q3 FY25 results, UCO Bank’s stock remained subdued amid the broader market turmoil.
- Net profit rose 27% YoY to ₹639 crore, compared to ₹502.83 crore in the same period last year.
- Net Interest Income (NII) grew 19.6% YoY, reaching ₹2,377 crore.
- Asset quality improved, with Gross NPA reducing to ₹6,081.55 crore (2.91% of gross advances), down from ₹6,293.86 crore in Q2.
- Stock performance: At 2:30 PM, UCO Bank was down 0.18% at ₹44.46 per share.
Hindustan Unilever: Earnings outlook signals a mixed bag
Hindustan Unilever (HUL) is set to report its Q3FY25 earnings on 22nd January, and analysts expect subdued performance due to weak urban demand.
- Revenue is likely to grow 4.7% YoY to ₹15,627 crore.
- Net profit is projected to be ₹2,587 crore, slightly up from ₹2,541 crore last year.
- Analyst estimates are closely clustered, meaning any surprises (positive or negative) could lead to sharp movements in the stock.
Swiggy Drops 10% Amid Zomato’s Weak Q3 Results
Swiggy’s stock plummeted 10% today, largely due to negative sentiment in the food delivery sector following Zomato’s disappointing Q3 results.
- Swiggy’s stock hit ₹431, significantly lower than its all-time high of ₹617 per share.
- The drop followed Zomato’s Q3 net profit crash of 57% to ₹59 crore.
- Zomato’s revenue surged 64% YoY to ₹5,404 crore, but heavy losses in its quick commerce division Blinkit (-₹95 crore) hurt investor confidence.
- Swiggy’s stock is now trading near its listing price of ₹420 (NSE) and ₹412 (BSE), raising concerns about its future price trajectory.
Crude Oil Prices Hold Steady Amid Trump’s Energy Push
Crude oil prices remained above $80 per barrel after US President Donald Trump announced plans to boost US oil production.
- Brent crude futures traded at $80.08, down 0.09%.
- WTI crude futures stood at $76.74, up 0.46%.
- Indian crude oil futures (MCX February contract) rose 0.56% to ₹6,650.
Trump’s decision to ramp up US crude production could help counterbalance OPEC’s supply cuts and sanctions on Russia. Additionally, he announced:
- 25% tariffs on Canadian and Mexican imports (effective 1st February).
- Potential new sanctions on Venezuelan oil.
No additional tariffs on China for now, leaving global energy markets uncertain.
Conclusion: A Challenging Day for Investors
Today’s market slump highlights the fragility of current investor sentiment, with heavy losses across sectors, disappointing Q3 earnings from Zomato, and a shaky outlook for Hindustan Unilever. While UCO Bank’s strong earnings provided some optimism, it wasn’t enough to offset the overall sell-off.
The road ahead will likely depend on corporate earnings, global market trends, and policy decisions, particularly in energy and trade. Investors should stay cautious, monitor Q3 earnings closely, and brace for continued volatility in the coming weeks.
For more stock market insights, check out the StockGro blog.
