The BSE Sensex, which closed at 77,073 in the previous session, opened at 77,261 on Tuesday. It touched an intraday low of 75,641. It reached an intraday high of 77,337. It ended at 75,838, down 1,235 points. The NSE Nifty, which opened at 23,421, touched a low of 22,976 and a high of 23,426. It closed at 23,024, down 320 points. The Nifty Bank fell 779 points to settle at 48,570.
In the Nifty50, 9 companies gained and 41 lost. Apollo Hospitals, Tata Consumer, BPCL, Shriram Finance were the top gainers. Trent NTPC, Adani Ports, ICICI Bank, and Adani Enterprises lost the most. All sectoral indices were mixed today. Consumer durables and realty rose more than 4 percent. Bank, auto, finance, IT, media, pharma, oil and gas indices fell by 1-2 percent. Fear Index India VIX rose 3.89% to a six-month high of 17.06.
Market breadth on NSE today turned in favor of sellers. Out of a total of 2887 stocks traded, only 715 gained. 2095 lost. 77 stocks remained unchanged. Shares of 26 companies touched 52-week highs. 58 stocks reached 52-week lows.
Rupee closed flat at 86.58 against the dollar. Citi maintains Buy rating on Paytm with a target price of Rs 900. Bernstein maintains Outperform rating on Zomato with a target price of Rs 310. ICICI Bank shares fell sharply today. Nifty fell below 23000 for the first time since June 7, 2024. Newgen Soft shares fell 15% after Jefferies downgraded it. Indraprastha Gas has chosen January 31 as the record date for the issue of bonus shares. Adani Energy has been awarded the Bhadla-Fatepur project worth Rs 25000 crore. UCO Bank's profit is Rs 639 crore. SEBI Chief Madhabi Buch expressed confidence in creating a platform that will allow trading before the listing of shares. TCS has created a record of becoming the world's second IT company with a brand value of $ 20 billion.
1. Tata Consumer Products (Tata Consumer)
Tata Consumer Products is a leading player in the FMCG sector, offering beverages (tea, coffee, water) and food products. It is expanding into value-added segments such as health and wellness. Growth prospects driven by product innovation, premiumization, and rural market penetration. Risks include raw material price volatility and competition in the FMCG space.
2. JSW Steel
: JSW Steel is one of India’s largest steel producers, with a diverse product portfolio and global operations. It has consistently expanded capacity and improved operational efficiency. Benefiting from robust infrastructure and construction growth in India. Risks include global steel price volatility and high raw material costs.
3. Berger Paints
Berger Paints is one of India’s leading paint manufacturers, offering decorative and industrial coatings. It has a strong presence in urban and rural markets with a focus on premium products. Growth driven by urbanization, housing demand, and premium product launches. Risks include raw material price fluctuations and competition from peers.
4. Greenlam Industries
Greenlam is one of India’s largest laminate manufacturers, offering a wide range of decorative surface products including laminates, veneers, and engineered wood flooring. Well-positioned to benefit from the growth in real estate and interior design sectors. Risks include rising raw material costs and competition from domestic and international players.
5. Paradeep Phosphates
Paradeep Phosphates is a leading fertilizer manufacturer in India, producing phosphatic and complex fertilizers. It plays a crucial role in supporting India’s agricultural sector. Growth driven by rising demand for fertilizers and government subsidies for the agricultural sector. Risks include dependency on raw material imports and regulatory changes in subsidies.
Advertisement
