The Indian stock market saw a significant drop on January 21, 2025, with Sensex and Nifty losing over 1%. Apollo Hospitals, Tata Consumer, and JSW Steel were among the gainers, while Trent and Adani Ports saw substantial losses.
The Indian stock market witnessed significant volatility on January 21, 2025, with the Sensex and Nifty both closing in the red. The Sensex fell 1.6%, losing 1,235.08 points to settle at 77,073.44, while the Nifty dropped by 1.37%, closing at 23,344.75. This decline reflected broader market weakness amid growing concerns over political uncertainties and a dip in investor sentiment.
The Nifty index saw a range between 23,426.3 and 22,976.85, while the Sensex fluctuated between 77,337.36 and 75,641.87. The Midcap and Small-cap indices also underperformed, with the Nifty Midcap 50 and Nifty Small Cap 100 falling by 2.19% and 2.28%, respectively.
Key Gainers and Losers in the Nifty Index
Top Gainers:
- Apollo Hospitals Enterprise – Up 2.04%
- Tata Consumer Products – Up 1.23%
- Bharat Petroleum Corporation – Up 1.05%
- JSW Steel – Up 0.83%
- Shriram Finance – Up 0.70%
Top Losers:
- Trent – Down 5.80%
- Adani Ports & Special Economic Zone – Down 3.70%
- NTPC – Down 3.50%
- ICICI Bank – Down 2.98%
- State Bank of India – Down 2.59%
The Bank Nifty also mirrored the broader market trend, closing at 49,350.8, after reaching an intraday high of 49,543.15 and a low of 48,430.95.
Nifty MidCap and Small-Cap Stocks
Among the Nifty MidCap 50 stocks, Hindustan Petroleum Corporation, Marico, and Max Healthcare Institute were among the top gainers. On the flip side, stocks like Oberoi Realty, Vodafone Idea, and PB Fintech experienced significant losses.
In the Nifty Small Cap 100, Global Health, Aavas Financiers, and Karur Vysya Bank emerged as top gainers, while Multi Commodity Exchange of India, Amber Enterprises India, and Tejas Networks were among the top losers.
Sectoral Performance and Market Outlook
The market was led by the healthcare and consumer sectors, with Apollo Hospitals and Tata Consumer showing resilience. In contrast, banking and infrastructure stocks, including ICICI Bank and Adani Ports, faced significant declines, reflecting investor caution in the face of economic and political instability.
On the broader BSE and NSE indices, Nanavati Ventures and Alivus Life Sciences stood out as the top gainers, while Multi Commodity Exchange of India and Kalyan Jewellers India faced steep declines, highlighting the market’s volatility.
Despite some of the top gainers showing strong performances, the overall market sentiment remains cautious, with ongoing concerns about political challenges and their impact on the economy. The market will be closely watched in the coming days as investors await further developments in the political and economic landscape of India.
