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I) Nifty: opened at 23183 and touched a high of 23347, then a low of 23050, and closed at 23092 with a total of -113 points in Negative.
II) Bank Nifty: opened at 48546 and touched a high of 48858, then a low of 48203, and closed at 48367 with a total of -221 points Negative.
III) CNX Finance: opened at 22616 and touched a high of 22736, then a low of 22458, and closed at 22513, with a total of -112 points in Negative.
IV) Nifty Mid Select: open 12184 and touched a high of 12249, then a low of 12028 and closed at 12087, With a total of -89 points in Negative.
1. Capri Global:- Capri Global Capital shares jumped 12.4% to Rs 204.15 following a Q3 net profit rise of 111% YoY to Rs 108 crore. Total income increased to Rs 604.2 crore. Key executive changes include Abhishek Yadav as the new Chief Compliance Officer and Vikram Vaswani as Head of Insurance.
2. KFin Tech:- In Q3FY25, the overall AUM for the quarter jumped 42% YoY against the industry average of 39%, and the equity AUM grew by 49% YoY, compared to the industry's 50% growth in the same period. The company holds a 32% market share.
1. Cyient:- Cyient has received a slew of downgrades post its results. JPMorgan has cut its price target on the stock to ₹1,750 from ₹2,300 earlier and has also cut its ratings to "neutral" from "overweight" earlier.
2. Jupiter Wagons:- The stock market witnessed a significant downturn today as Jupiter Wagons Limited (NSE: JWL), a leading player in the rail infrastructure and mobility solutions sector, saw its share price drop by 9.43%. This sharp decline has left investors scrambling for answers. What caused this sudden fall, and what does it mean for the future of Jupiter Wagons? Here are the 5 big reasons behind today’s market movement that every investor should know.
On Friday, January 24, 2025, the Indian stock market experienced notable volatility. The benchmark indices, Sensex and Nifty 50, opened in the green, buoyed by gains in energy, metals, and financial services sectors.
However, as the session progressed, concerns over corporate earnings led to a downturn. The Sensex ended the day 330 points lower, closing below the 77,000 mark, while the Nifty 50 slipped below 23,100.
In stock-specific movements, KFin Technologies saw a significant surge of over 8% following the release of its Q3FY25 results, marking a strong rebound after a period of underperformance.
Analysts suggest that while the market's initial optimism was driven by expectations of favourable U.S. interest rate policies, the subsequent decline underscores the prevailing caution among investors regarding domestic earnings growth.
Despite the day's decline, some experts remain optimistic about the Indian stock market's prospects. Notably, HDFC Bank and ICICI Bank have been highlighted as valuable investment opportunities, given their stable return on equity and exposure to India's economic growth.
Overall, the day's trading reflects the complex interplay of global economic signals and domestic corporate performance, influencing investor sentiment in the Indian markets.
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