Summary of the Day's Market Performance

Market Overview

• Sensex closed at 75,901.41, up 535.24 points (0.71%).

• Nifty rose 128.1 points (0.56%) to 22,957.25.

• Midcap index declined 0.6%, while smallcap index dropped 1.7%.

• Sector-wise, auto, banking, and realty indices gained 1-2%, while capital goods, power, metal, FMCG, IT, and oil & gas sectors lost between 0.5%-1%.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-4,920.69 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹6,814.33 crore (Net Buyers)

Foreign Institutional Investors (FII) maintained their selling spree, while Domestic Institutional Investors (DII) supported the market with net buying.

1. The RBI's liquidity intervention with ₹60,000 crore in open market purchases, ₹50,000 crore in a 56-day Variable Rate Repo, and a $5 billion USD/INR buy/sell swap positively impacted sentiment.

2. These measures are expected to lower bond yields and support credit growth, benefiting banks, NBFCs, real estate, and infrastructure sectors.

3. Volatility persists due to anticipation of major events such as the Union Budget, FOMC meeting, and F&O expiry.

The RBI’s liquidity measures aim to inject ₹60,000 crore into the economy through government securities purchases. This move is expected to ease liquidity constraints and boost credit growth, particularly in the banking sector.

Key Stock Movements and News

• Top Gainers:

  • Axis Bank, HDFC Bank, Bajaj Finserv, Shriram Finance, Bajaj Finance

• Top Losers:

  • Sun Pharma, Britannia Industries, Eicher Motors, Grasim Industries, L&T

1. Greenlam Industries: To consider a bonus issue proposal on January 30.

2. DLF: Gained as HSBC revised its target price to ₹1,050 from ₹1,010.

3. Hyundai Motor: Net profit declined 19% to ₹1,161 crore; revenue dropped 1.3%.

4. Paytm: Subsidiary Paytm Payments Bank saw its CEO Nakul Jain resign abruptly, leading to a decline in its stock price.

5. Transport Corporation of India: Shares gained 4% after Motilal Oswal maintained a "buy" rating with a target of ₹1,370 per share.

6. Balkrishna Industries: Rose 6% as Nomura upgraded the stock.

7. Adani Total Gas: Shares fell as net profit dropped 19% to ₹142 crore due to reduced gas supplies by the government.

8. DeepSeek Impact: AI-driven electronics manufacturing stocks, including Dixon Tech, Kaynes Tech, and Netweb, plunged up to 20% due to fears of rising competition from Chinese AI startup DeepSeek.

1. Balkrishna Industries: Recent upgrades by Nomura suggest potential upside.

2. Greenlam Industries: Bonus issue consideration could drive momentum.

3. Transport Corporation of India: Strong performance outlook with a revised target price by Motilal Oswal.

4. Adani Total Gas: Short-term volatility due to weaker Q3 results but remains a sectoral leader.

Markets reversed their losing streak as gains in banking and auto stocks lifted indices. The RBI's liquidity measures supported market sentiment, particularly in large-cap stocks. However, mid- and small-cap indices remain weak. Investors should stay cautious but monitor fundamentally strong stocks for potential opportunities amid heightened volatility.

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