Disclaimer

The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably. We do not give you any buy/sell tips. This article is for Educational purposes only.

Indian Indices

I) Nifty: opened at 23290 and touched a high of 23391, then a low of 23170, and closed at 23344 with a total of +140 points in Positive.

II) Bank Nifty: opened at 48834 and touched a high of 49650, then a low of 48683, and closed at 49350 with a total of +810 points Positive.

III) CNX Finance: opened at 22697 and touched a high of 23025, then a low of 22638, and closed at 22926, with a total of +318 points in Positive.

IV) Nifty Mid Select: open 12367 and touched a high of 12390, then a low of 12169, and closed at 12356, With a total of +106 points in Positive.

NSE Advance and Decline

Nifty 500 Top Gainer Market

1. Kotak Mahindra:-  Shares of Kotak Mahindra Bank are among the top gainers on the Nifty 50 index on Monday, January 20, after the lender reported strong December quarter results, which led to multiple brokerages upgrading the stock as well as raising their price targets.

2. Vodafone Idea:- Vodafone Idea, Bharti Airtel, Bharti Hexacom shares: In the event of a relief, IIFL Securities expects that the per share upside can be Rs 62, Rs7, and Rs 29 for Bharti Airtel, VIL and Bharti Hexacom, respectively.

Nifty 500 TOP LOSER Market

1. Swan Energy:-Swan Defence relisting: The equity shares of Swan Defence were admitted to dealings on both the Exchanges, i.e., BSE & NSE in the 'T' Group of Securities

2. BLS International:- Rallis India Ltd, Sterling & Wilson Renewable Energy Ltd, Netweb Technologies India Ltd, and Swan Energy Ltd are among the other losers in the BSE's 'A' group today, 20 January 2025.

Sectoral Performance

Outperforming stocks vs. nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

Here are today's stock-specific headlines from the Indian stock market:

• Kotak Mahindra Bank and Wipro Propel Indian Benchmarks Amid US Policy Concerns: Kotak Mahindra Bank's shares surged 9.4% following a 10% increase in quarterly profits. In comparison, Wipro's stock climbed 7.4% after exceeding profit expectations. These gains helped offset broader market apprehensions regarding U.S. policy directions. Reuters
• NTPC Shares Outperform Market: NTPC Ltd. experienced a 2.96% rise in its share price, closing at 336.05 Indian rupees, significantly outperforming the BSE SENSEX Index, which increased by 0.59% to 77,073.44. MarketWatch
• Private Banks Face Declines Due to Rising Bad Loans: RBL Bank's shares dropped 5.8% after reporting a 28% increase in quarterly slippages, primarily from credit cards and microfinance. Axis Bank's stock declined 4.5% as it anticipated several more quarters for retail asset quality normalization. Reuters
• Sensex and Nifty Open Strong: The BSE Sensex rose over 170 points, reaching near 76,800, while the Nifty50 tested 23,250 in early trade, indicating a positive start to the trading day. Times of India
• Bank Nifty Declines in Early Trading: The Bank Nifty index declined by 1.5% in early trading, reflecting challenges within the banking sector. News Minimalist

These developments highlight a mixed performance in the Indian stock market, with significant gains in certain sectors and challenges in others.

Sources

Read Our Last Blog