January 21, 2025 – The Indian stock market declined, primarily due to concerns arising from global trade and uncertainties over domestic finances.
Market Move:
NIFTY 50 index fell by 0.66% at closing hours at 23,192.9 points.
BSE Sensex fell by 0.85% at closing hours at 76,415.35 points.
This was largely because of investor wariness after U.S. President Donald Trump declared possible 25% trade tariffs on Mexico and Canada.
Sectoral Impact:
Financial Stocks: It fell by 1% after gaining in the previous session.
Small-cap and Mid-cap Stocks: Both the categories declined by around 1.7%.
Notable Stock Movements:
Zomato: The stock declined by 3.5% as investors feared that the company would not be able to achieve profitability.
Sunteck Realty: The stock surged by 4.2% after the company reported a robust quarterly performance.
Venus Remedies: Rose 5.1% following the WHO accreditation for its manufacturing plant.
Regulatory Developments:
SEBI to introduce ‘when-listed’ securities trading, where trades of shares post-closure of an IPO can be made before an official listing is done with a view to bring curb trading into mainstream during the T+3 interval.
Banking Sector Concerns:
Private banks were hit by the decline in their stock prices because of increasing bad loans in personal and micro-credit sectors. For example, RBL Bank shares declined by 5.8% after the bank reported a 28% rise in quarterly slippages mainly from credit cards and microfinance.
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