Market News

3 min read | Updated on January 22, 2026, 16:21 IST
SUMMARY
The SENSEX closed 397.73 points or 0.49% higher at 82,307.37, while the NIFTY50 surged 132.40 points or 0.53% to close at 25,289.90.

The NIFTY Smallcap index increased by 126.05 points or 0.76% to close at 16,677.25. | Image: Shutterstock
The Indian benchmark indices, SENSEX and NIFTY50, closed in the green on Thursday, January 22, supported by buying in defence stocks and easing geopolitical tensions.
On Wednesday, the foreign institutional investors (FIIs) sold stocks worth ₹1,787.66 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,520.47 crore on a net basis, according to exchange data.
The SENSEX advanced as much as 873.55 points to an intraday high of 82,783.18 in early trade. Meanwhile, the NIFTY50 touched the session’s high of 25,435.75.
The SENSEX closed 397.73 points or 0.49% higher at 82,307.37, while the NIFTY50 surged 132.40 points or 0.53% to close at 25,289.90.
The NIFTY50 pack was led by Dr. Reddy's Laboratories, which rose 5.22%, as it reported its earnings for the third quarter of the 2025-26 financial year (Q3FY26). It posted 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. However, it beat analysts’ expectations, who expected the profit to slump 20-22% annually to ₹1,085-₹1,110 crore.
Bharat Electronics (3.69%), Adani Enterprises (2.64%), Adani Ports and Special Economic Zone (2.47%) and Tata Motors PV (2.45%) were among the other top gainers.
On the other hand, shares of Eternal closed 2.79% lower, after it jumped as much as 7.58% to hit a high of ₹305 apiece in early deals on the NSE.
On Wednesday, it reported a 72.88% rise in consolidated net profit to ₹102 crore for the December quarter of FY26, driven by robust revenue growth from its quick commerce operations. In the year-ago period, the company logged a profit of ₹59 crore.
The other top losers included SBI Life Insurance Company (-1.50%), Eicher Motors (-1.32%), Titan Company (-1.40%) and Max Healthcare Institute (-0.69%).
The NSE Midcap gauge closed at 58,191.30, up by 767.65 points or 1.34%.
It was supported by gains in Waaree Energies, which ended 9.67% higher, as its net profit for the quarter jumped 118% to ₹1,106 crore as compared to ₹506 crore in Q3FY25.
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.
It was followed by Indian Bank (6.18%), Sona BLW Precision Forgings (5.75%), Bank of India (5.60%) and Ashok Leyland (5.57%), which were among the other top winners.
On the flipside, the top laggards included Kalyan Jewellers India (-4.56%), Swiggy (-4.35%), Tata Communications (-4.31%), KEI Industries (-2.19%) and Jubilant Foodworks (-1.40%).
The NIFTY Smallcap index increased by 126.05 points or 0.76% to close at 16,677.25.
Its top gainers included CreditAccess Grameen (6.26%), Radico Khaitan (5.81%), Trident (5.75%), Tata Chemicals (5.65%) and PCBL Chemical (4.75%).
Conversely, IIFL Finance (-15.19%), PNB Housing Finance (-7.8%), Hindustan Copper (-4.52%), Jindal Saw (-3.92%) and Devyani International(-3.15%) were among its top losers.
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