Indian Stock Market Closes Lower for Third Straight Session
The Indian stock market ended the day on a low note, with the Sensex falling 275 points (0.32%) to 84,391.27 and the Nifty 50 declining 82 points (0.32%) to 25,758. This marks the third consecutive session of losses for the Indian market.
Market Volatility Ahead of US Federal Reserve Policy Announcement
According to Ajit Mishra, SVP, Research, Religare Broking Ltd, the market remained volatile and ended lower due to cautious sentiment ahead of the US Federal Reserve’s policy announcement. The Nifty index started the day on a positive note but gradually drifted lower, eventually closing near the day’s low.
Sectoral Performance and Broader Indices
Sectoral performance was largely in line with the benchmark trend, with IT, financials, and realty leading the decline. On the other hand, metal and pharma stocks managed to end marginally higher. The broader indices, including the BSE Midcap index and Smallcap index, fell 1.08% and 0.58%, respectively.
Stocks to Watch
- Tata Steel: The company has announced a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam (NINL), marking Phase 1 of its broader expansion plan and strengthening its long-products portfolio.
- Adani Enterprises: The company’s ₹25,000 crore rights issue closed with robust demand, achieving 108% subscription and receiving bids for 14.95 crore shares.
- Life Insurance Corporation of India: The Corporation has been issued a notice seeking GST dues of ₹2,370.34 crore for the financial years 2021-22 to 2023-24.
- State Bank of India: The bank has secured approval from the Reserve Bank of India (RBI) to set up a Section 8 Company under the Companies Act for its Digital Payments Intelligence Platform.
- Cipla: The company has launched a new treatment for obesity and type-2 diabetes, introducing Yurpeak (tirzepatide), a once-weekly injectable therapy.
- Nestle India: Svetlana Boldina will step down as CFO effective January 31, 2026, while Jagdeep Singh Marahar has been nominated as Whole-time Director, effective June 1, 2026.
- Mazagon Dock Shipbuilders: The company has signed an MoU with the Brazilian Navy and the Indian Navy to share information on maintaining Scorpène-class submarines and other naval vessels.
- Waaree Energies: The company has become the first solar panel manufacturer in India to surpass monthly production of 1 GW of solar modules.
- Vedanta: The company plans to invest ₹1 lakh crore in Rajasthan to double production across all its business segments.
- DCM Shriram: The company has entered into an MoU with Bayer CropScience to explore collaborative initiatives focused on enhancing India’s agricultural ecosystem.
Please note that this story is for educational purposes only and should not be considered as investment advice. It is recommended to consult with an investment advisor before making any investment decisions.