Sensex and Nifty extended gains on January 23 but closed below their intraday highs.
Broader markets outperformed, with small and midcaps rebounding sharply after the previous session’s selloff.
Most sectors ended in the green, except for banking (private and PSU) and energy stocks.
Nifty IT led the rally, rising nearly 2%, followed by gains in consumer durables, automobiles, pharma, and media, which climbed 1-2%.
Banking stocks remained weak, with Nifty Bank and PSU Bank indices slipping, while oil & gas declined by 0.5%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY CONSUMER DURABLES
2.0
NIFTY HEALTHCARE INDEX
1.3
NIFTY IT
1.8
NIFTY AUTO
1.1
NIFTY MEDIA
1.4
NIFTY REALTY
1.0
NIFTY PHARMA
1.4
NIFTY METAL
0.5
Top News
BPCL slipped 1.4% after its Q3 results showed a 1.87% YoY revenue decline, despite a 19.63% rise in profit to ₹3,805.94 crore.
Strides Pharma surged 10% after its demerged CDMO unit, OneSource Specialty Pharma, received approval for listing on NSE and BSE from January 24.
Zomato gained 2.08%, extending its recovery after a 17% post-results drop, as brokerages remained optimistic despite Blinkit’s widening losses.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Coating emulsions and adhesives maker Jesons Industries plans IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,000
23,500
Bank Nifty
48,000
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ULTRACEMCO
6.7
BPCL
-2.1
GRASIM
3.0
KOTAKBANK
-1.3
WIPRO
2.8
HCLTECH
-1.1
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