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EquityWireIndia Stocks Review: Benchmark indices snap 3-day fall; Dr Reddy's up 5%
India Stocks Review

Benchmark indices snap 3-day fall; Dr Reddy's up 5%

This story was originally published at 17:50 IST on 22 January 2026
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Informist, Thursday, Jan. 22, 2026

 

By Arundathi A R

 

MUMBAI – Benchmark equity indices closed higher Thursday, snapping a three-day losing run amid positive cues on a trade deal between the US and India. US President Donald Trump said on Wednesday that the US will have a good deal with India. Asian and European indices also gained in the session. The domestic headline indices remained in the positive territory despite declines in the index heavyweights ICICI Bank, HDFC Bank, and Reliance Industries.

 

The Nifty 50 index rose 0.5% to settle at 25289.90 points, or up 132.40 points from the previous close. More than half of the Nifty 50 constituents ended in the green. The BSE Sensex closed 0.5higher at 82307.37 points, up 397.74 points from the previous close. The India VIX indicated a decrease in market nervousness, closing over 3% lower. The volatility index rose for the previous five straight sessions, gaining 23% during that period.

 

Broader market indices outperformed their benchmark peers in Thursday's session. Small-cap indices closed around 1% higher, while the mid-cap indices settled over 1% higher. Small-cap indices snapped a four-day losing streak and mid-cap indices broke a three-day losing run.

 

Barring the Nifty Consumer Durables and the Nifty Realty, all other sectoral indices ended in the green. The Nifty Media gained over 2%. The Nifty Consumer Durables closed 0.9% lower, continuing its losing streak for the tenth straight session. The sectoral index has shed over 10% during the periodThe Nifty Realty index closed 0.7% lower for the fourth straight session. It shed over 8% during the period.

 

Dr.Reddy's Laboratories was the top performer in the Nifty 50 index, closing over 5% higher. The stock snapped a six-day losing streak during which it lost almost 5%. Systematix Shares and Stocks (India) has upgraded Dr.Reddy's Laboratories to 'buy' with a target price of INR 1,381, to factor in faster growth in India sales, after the company reported better-than-expected earnings for the December quarter.

 

Eternal was the worst hit among the 50-stock constituents, ending nearly 3% lower. The company reported 73% year-on-year growth in consolidated net profit to INR 1.02 billion, beating analysts' estimates of INR 780.89 million. Its revenue for the reporting quarter tripled on year to INR 163.15 billion, marginally above the analysts' estimate of INR 162.27 billion.

 

Shares of Waaree Energies ended over 9% higher after the company posted impressive December quarter earnings, with its consolidated net profit doubling on year to INR 10.62 billion. The rise in net profit was despite a one-time cost of INR 2.95 billion, and surpassed the Street's estimates of INR 10.43 billion. The company's consolidated revenue also doubled during the quarter to INR 75.65 billion, surpassing estimates of INR 64.83 billion by a huge margin. 

 

InterGlobe Aviation closed over 1% higher ahead of its earnings. The company reported a net profit of INR 6.13 billion on revenues of INR 234.72 billion. InterGlobe Aviation's net profit in the December quarter includes a one-time cost of INR 14.67 billion.

 

Tata Steel's shares ended nearly 3% higher after the company said the Orissa High Court has extended interim protection against two demand orders worth INR 43.13 billion from the office of the Deputy Director of Mines, Jajpur.

 

Shares of IIFL Finance ended over 13% lower and were down for the third straight session. The company reported a consolidated net profit of INR 4.64 billion, up from INR 407 million a year ago. Its consolidated revenue for the quarter rose over 40% on year to INR 34.27 billion. IIFL Finance said the income tax department has directed it to have its accounts audited for a "specified block period" under the Income Tax section that deals with the valuation of assets. The tax department has also appointed a special auditor.

 

PNB Housing Finance closed nearly 8% lower after the company missed Street estimates for its consolidated net profit for the December quarter. The stock continued its losing run for the fifth straight session, shedding nearly 12% during this period. The housing finance company reported a consolidated net profit of INR 5.20 billion, up nearly 8% on year. This marked the slowest pace of on-year net profit growth in 14 quarters, primarily due to a jump in employee benefits expenses. The company's revenue from operations rose over 9% on year to INR 21.19 billion, but was down marginally on quarter. 

 

Tata Communications continued its losing run for the third straight session, losing over 12%. It ended Thursday's session down over 4%. The company announced its December quarter earnings post-market hours Wednesday. The telecommunications company reported a consolidated net profit of INR 3.65 billion for the reporting quarter, above analysts' estimate of INR 2.89 billion. Its revenue rose 1.5% on quarter to INR 61.89 billion, below analysts' estimate of INR 62.54 billion.

 

KEI Industries closed over 2% lower after the company's December quarter revenue missed the Street's estimate. The stock was down for the fifth straight session, shedding over 12% during this period. The company's revenue for the quarter was INR 29.55 billion, lower than analysts' estimate of INR 30.42 billion.

 

* Of the Nifty 50 stocks, 39 rose and 11 fell

* Of the Sensex stocks, 24 rose and 6 fell

* On the NSE, 2,343 stocks rose, 848 fell, and 76 were unchanged

* On the BSE, 2,951 stocks rose, 1,280 fell, and 154 were unchanged

* Nifty Media: up 2.4%; Nifty PSU Bank: up 2.3%; Nifty Consumer Durables: down 0.9%


BSE                                               NSE

Sensex: 82307.37, up 397.74 points or 0.5%        Nifty 50: 25289.90, up 132.40 points or 0.5%


S&P BSE Sensitive Index                          

  Nifty 50                                

Lifetime High: 86159.02 (Dec. 1, 2025)

: Lifetime High: 26373.20 (Jan. 5, 2026)

Record Close High: 85836.12 (Sept. 26, 2024)  

: Record Close High: 26328.55 (Jan. 2, 2026)

2026 1st day close: 85188.60 (Jan. 1) 

: 2026 1st day close: 26146.55 (Jan. 1)

2026 Closing High: 85762.01 (Jan. 2)

: 2026 Closing High: 26328.55 (Jan. 2)

2026 Closing Low: 81909.63 (Jan. 21)

: 2026 Closing Low: 25157.50 (Jan. 21)

2026 High (intraday): 85883.50 (Jan. 5)

: 2026 High (intraday): 26373.20 (Jan. 5)

2026 Low (intraday): 81124.45 (Jan. 21) 

: 2026 Low (intraday): 24919.80 (Jan. 21)

2025 1st day close: 78507.41 (Jan. 1) 

: 2025 1st day close: 23742.90 (Jan. 1)

2025 Closing High: 85720.38 (Nov. 27)

: 2025 Closing High: 26215.55 (Nov. 27)

2025 Closing Low: 72989.93 (Mar. 4)

: 2025 Closing Low: 22082.65 (Mar. 4)

2025 High (intraday): 86159.02 (Dec. 1)

: 2025 High (intraday): 26325.80 (Dec.1)

2025 Low (intraday): 71425.01 (Apr. 7) 

: 2025 Low (intraday): 21743.65 (Apr. 7)

2024 1st day close: 72271.94 (Jan. 1) 

: 2024 1st day close: 21741.90 (Jan. 1)

2024 Closing High: 85836.12 (Sept. 26)

: 2024 Closing High: 26216.05 (Sept. 26)

2024 Closing Low: 70370.55 (Jan. 23)

: 2024 Closing Low: 21238.80 (Jan. 23)

2024 High (intraday): 85978.25 (Sep. 27)

: 2024 High (intraday): 26277.35 (Sept. 27)

2024 Low (intraday): 70001.60 (Jan. 24) 

: 2024 Low (intraday): 21137.20 (Jan. 24)

2023 1st day close: 61167.79 (Jan. 2)

: 2023 1st day close: 18197.45 (Jan. 2)

2023 Closing High: 72410.38 (Dec. 28) 

: 2023 Closing High: 21778.70 (Dec. 28)

2023 Closing Low: 59288.35 (Feb. 27) 

: 2023 Closing Low: 17311.80 (Oct. 17)

2023 High (intraday): 72484.34 (Dec. 28)

: 2023 High (intraday): 21801.45 (Dec. 28)

2023 Low (intraday): 58699.20 (Jan. 30)

: 2023 Low (intraday): 17098.55 (Jan. 17)

2022 1st day close: 59183.22 (Jan. 3) 

: 2022 1st day close: 17625.70 (Jan. 3)

2022 Closing High: 63284.19 (Dec. 1)

: 2022 Closing High: 18812.50 (Dec. 1)

2022 Closing Low: 51360.42 (Jun. 17)

: 2022 Closing Low: 15293.50 (Jun. 17)

2022 High (intraday): 63583.07 (Dec. 1)  

: 2022 High (intraday): 18887.60 (Dec. 1)

2022 Low (intraday): 50921.22 (Jun. 17)

: 2022 Low (intraday): 15183.40 (Jun. 17)

2021 Closing High: 61305.95 (Oct. 14)

: 2021 Closing High: 18338.55 (Oct. 14)

2021 Closing Low: 46285.77 (Jan. 29)

: 2021 Closing Low: 13634.60 (Jan. 29)

2021 High (intraday): 61353.25 (Oct. 14)

: 2021 High (intraday): 18350.75 (Oct. 14)

2021 Low (intraday): 46160.46 (Jan. 29)

: 2021 Low (intraday): 13596.75 (Jan. 29)

2020 Closing High: 47751.33 (Dec. 31)

: 2020 Closing High: 13981.95 (Dec. 30)

2020 Closing Low: 25981.24 (Mar. 23)

: 2020 Closing Low: 7610.25 (Mar. 23)

2020 High (intraday): 47896.97 (Dec. 31)

: 2020 High (intraday): 14024.85 (Dec. 31)

2020 Low (intraday): 25638.90 (Mar. 24)

: 2020 Low (intraday): 7511.10 (Mar. 24)

2019 High (intraday): 41809.96 (Dec. 20)

: 2019 High (intraday): 12293.90 (Dec. 20)

2019 Low (intraday): 35287.16 (Feb. 19)

: 2019 Low (intraday): 10583.65 (Jan. 29)

2018 High (intraday): 38938.91(Aug. 28))

: 2018 High(intraday): 11760.20 (Aug. 28)

2018 Low (intraday): 32483.8 (Mar. 23)

: 2018 Low (intraday): 9951.9 (Mar. 23)

2017 High (intraday): 34005.37 (Dec. 26) 

: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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