Stock Market Kerala
January 27, 2025 at 11:40 AM
POST MARKET REPORT Indian equity markets on Monday (January 27) extended their losing streak to a fourth day, with the Nifty settling at a seven-month low of 22,829, down 263 points, and the Sensex falling 824 points to close at 75,366. Broader markets witnessed sharp corrections, with the midcap index plummeting 1,467 points to 51,796, marking a 15% drop from its record high. All sectoral indices ended in the red, with PSU, pharma, and IT stocks leading the decline. The IT index fell 3% on weak global cues, with HCL Tech, Tech Mahindra, and Wipro emerging as top Nifty losers. Heavyweights largely closed lower, barring ICICI Bank, which gained post-earnings, and FMCG stocks like HUL and Britannia, which rose over 1% each. Adani Wilmar surged 5% on record quarterly revenue and margin expansion. Conversely, Canara Bank plunged 6% after reporting lower-than-expected Q3 net interest income (NII), while Laurus Labs tumbled 13% on concerns over its antiretroviral (ARV) business. Indian Oil Corporation slipped over 3% on weak Q3 earnings, and Balkrishna Industries dropped nearly 4% following cautious commentary. IDFC First, AU SFB Fall Up To 9% While BoI, DCB Bank and Yes Bank Rise Post Q3 Results NTPC Ends In The Red But 2% Off Lows On Muted Sep-Dec Quarterly Results Torrent Pharma Surges 3% After Co Reports Strong Growth In Domestic Business DLF Posts Best-ever Quarterly New Sales Booking, Stock Sees Minor Gains Balkrishna Ind Ends Nearly 4% Lower On Weak Commentary Post Q3 Earnings
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