SENSEX, NIFTY50 indices snap three-day losing streak led by SBI, Bharat Electronics

The Indian equity benchmarks snapped their three-day losing streak on Thursday, January 22, led by gains in index heavyweights like State Bank of India, Bharat Electronics, Tata Steel, Kotak Mahindra Bank, Larsen & Toubro and Tata Consultancy Services.

The benchmarks witnessed a topsy-turvy session as the SENSEX rose as much as 874 points and NIFTY50 index moved above 25,400 at the day's highest level. However, owing to profit taking at day's highs, the benchmarks erased their intraday gains. But buying interest returned in the last hour of trade.

The SENSEX advanced 398 points to close at 82,307 and NIFTY50 index closed 134 points higher at 25,290.

Sectoral picture

Buying was visible across board as thirteen of 15 major sector gauges compiled by the National Stock Exchange ended higher led by NIFTY PSU Bank index's 2.34% gain. PSU banks came under buying interest after Bank of India and Indian Bank reported stronger than anticipated December quarter earnings.

NIFTY FMCG, IT, Metal, Pharma, Private Bank, IT, Bank and Financial Services indexes also rose between 0.5%-1.6%.

On the flipside, realty and consumer durable shares faced selling pressure.

Broader markets witnessed strong buying interest after three days of continuous selling pressure as NIFTY Midcap 100 index advanced 1.34% and NIFTY Smallcap 100 index gained 0.76%.

Among the individual shares, Bajaj Consumer Care advanced rapidly on Thursday, January 22, after the company released its latest set of numbers for the quarter ended December 2025. The stock rose 20% to ₹296.90 apiece, its upper-circuit level, on the NSE.

Bajaj Consumer Care recorded an 83% surge in its consolidated profit after tax to ₹46.37 crore for Q3 FY26. The company had posted a post-tax profit of ₹25.31 crore a year ago, according to a regulatory filing on January 21.

Shares of Waaree Energies hit an intraday high of ₹2,740 apiece, up 13% on the NSE after the company posted strong revenue growth of over 118% YoY to ₹7,565 crore, as against ₹3,457 crore in the same period last year, after the company achieved 3.51 GW module production in the quarter, driven by operational focus.

NIFTY50 gainers and losers

Dr Reddy's Labs was top gainer in the NIFTY50 index, the stock rose 5.31% to close at ₹1,219 after the drugmaker reported a 14.4% year-on-year (YoY) decline in its consolidated net profit to ₹1,209.8 crore for the December FY26 quarter, compared to ₹1,413.3 crore in the year-ago period, it said in a regulatory filing on Wednesday.

While the profit fell, it beat analysts’ expectations, who expected the profit to slump 20-22% annually to ₹1,085-₹1,110 crore.

Bharat Electronics, Adani Enterprises, Adani Ports, Tata Steel, Tata Motors PV, Baja Auto and Coal India also rose between 2.3%-3.8%.

On the other hand, Eternal was top loser in the NIFTY50 index, the stock rose 2.5% to close at ₹276 after company's board approved the resignation of Deepinder Goyal as Director, MD & CEO of the company, with effect from February 1 and recommended his appointment as Vice Chairman & Director on the board for a five-year term.

Besides, the board approved the appointment of Albinder Singh Dhindsa, currently Blinkit's CEO, as Eternal's Chief Executive Officer from February 1, a regulatory filing said.

SBI Life, Titan, Eicher Motors, Max Healthcare, Apollo Hospitals and Maruti Suzuki were also among the top losers in the NIFTY50 index.

The overall market breadth was positive as 2,953 shares ended higher while 1,278 closed lower on the BSE.