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Market Recap 23-1-2025

Sebencapital

Published
23/01/25
Market Recap 23-1-2025



Indian Indices

I) Nifty: opened at 23128 and touched a high of 23270, then a low of 23090, and closed at 23205 with a total of +50 points in Positive.

II) Bank Nifty: opened at 48770 and touched a high of 48892, then a low of 48493, and closed at 48589 with a total of -135 points Negative.

III) CNX Finance: opened at 22684 and touched a high of 22719, then a low of 22563, and closed at 22625, with a total of -24 points in Positive.

IV) Nifty Mid Select: open 111985 and touched a high of 12225, then a low of 11948 and closed at 12177, With a total of -259 points in Positive.


NSE Advance and Decline


Nifty 500 Top Gainer Market

1. Bombay Burmah:- Trading Corporation's stock rose by 5.34% on January 22, 2025, opening at a 3.04% gain and reaching an intraday high of Rs 2083.45. The company outperformed its sector by 5.09% for the day, though it has declined 5.48% over the past month.

2. Bajaj Holdings:- Shares of Bajaj Holdings & Investment Ltd. traded 5.34 percent in Wednesday's trade at 10:00 AM (IST). Around 3,120 shares changed hands on the counter.


Nifty 500 TOP LOSER Market

1. Go Digit:- Shares of Go Digit General Insurance surged 9 percent to Rs 311 apiece on January 23 after the company reported a nearly three-fold rise in its net profit at Rs 119 crore in Q3FY25.

2. COFORGE LTD:- Coforge stock price went up today, 23 Jan 2025, by 11.33 %. The stock closed at 8225.1 per share. The stock is currently trading at 9156.65 per share. Investors should closely monitor Coforge's stock price in the coming days and weeks to see how it reacts to the news.


Sectoral Performance


Outperforming stocks vs. nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume


Headlines

On January 22, 2025, the Indian stock market saw notable movements across sectors. The BSE Sensex rose 0.75% to close at 76,404.99, while the Nifty 50 gained 0.57% to end at 23,155.35. In the tech sector, Infosys climbed 3.16% to ₹1,856.60, with Wipro leading Nifty gainers, rising 3.87%. Energy stocks made headlines as BPCL posted a 37% rise in Q3 net profit to ₹46.49 billion, though lower marketing margins and LPG segment losses dampened sentiment. Consumer goods major Nestle India gained 0.54%, underperforming broader indices. Meanwhile, SEBI proposed "sachet-sized" investments starting at ₹250 to boost financial inclusion. The day reflected a positive trend, with IT and energy sectors driving gains.

Technology Sector:

  • Infosys Ltd.: Shares rose by 3.16% to ₹1,856.60, outperforming the broader market. Despite this gain, the stock remains ₹150.20 below its 52-week high of ₹2,006.80, recorded on December 13. MarketWatch
  • Wipro Ltd.: The stock surged 3.87%, leading the Nifty gainers, followed by other IT majors like TCS and Tech Mahindra. Angel One

Consumer Goods:

  • Nestle India Ltd.: Shares increased by 0.54% to ₹2,207.80 but underperformed compared to the broader market, remaining ₹569.20 below its 52-week high of ₹2,777.00. MarketWatch

Energy Sector:

  • Bharat Petroleum Corporation Limited (BPCL): Reported a 37% increase in standalone net profit to ₹46.49 billion for Q3, missing analyst expectations due to lower marketing margins and losses in the LPG segment. Reuters

Regulatory Developments:

  • The Securities and Exchange Board of India (SEBI) proposed introducing small-sized investment plans starting at ₹250 to encourage financial inclusion among small investors. Reuters

Overall, the market exhibited a positive trend, with the BSE Sensex rising by 0.75% to 76,404.99 and the Nifty 50 gaining 0.57% to close at 23,155.35.

Angel One

Sources


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Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

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