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  1. Market Wrap, January 22: Infosys, HDFC Bank help indices settle in the green; SENSEX surges 567 pts, NIFTY50 ends at 23,155

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Market Wrap, January 22: Infosys, HDFC Bank help indices settle in the green; SENSEX surges 567 pts, NIFTY50 ends at 23,155

Upstox

3 min read | Updated on January 22, 2025, 16:31 IST

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SUMMARY

At close, the S&P BSE SENSEX stood at 76,404.99, up 566.63 points, or 0.75% while the NSE's NIFTY50 index ended at 23,155.35, up 130.70 points, or 0.57%.

The top contributors to the benchmarks' rise were Infosys, HDFC Bank, TCS, Kotak Mahindra Bank, and Sun Pharma.

The top contributors to the benchmarks' rise were Infosys, HDFC Bank, TCS, Kotak Mahindra Bank, and Sun Pharma.

Stock market today: The domestic equity market ended in the green on Wednesday, January 22, thanks to buying in IT and banking counters.

At close, the S&P BSE SENSEX stood at 76,404.99, up 566.63 points, or 0.75% while the NSE's NIFTY50 index ended at 23,155.35, up 130.70 points, or 0.57%.

The top contributors to the benchmarks' rise were Infosys, HDFC Bank, TCS, Kotak Mahindra Bank, and Sun Pharma.

On NIFTY50, 26 stocks rallied while 24 fell.

The top five gainers were Wipro, Infosys, TCS, Tech Mahindra, and HDFC Bank.

The top five losers were BEL, Tata Motors, Trent, Power Grid Corporation, and Axis Bank.

Stocks in news

HDFC Bank: Shares ended 1.42% higher at ₹1,665.05 apiece on the BSE after the lender reported a good set of numbers.

The lender reported a 2.2% increase in its standalone net profit to ₹16,735.5 crore for the third quarter of the current financial year, the company said in an exchange filing on Wednesday.

In the year-ago period, the post-tax profit stood at ₹16,372.54 crore.

The 2.2% rise in the net profit was largely driven by a 25% drop in the provisions at ₹3,153 crore. However, the provisions for contingencies and bad loans rose 16.8% sequentially from ₹2,700 crore. READ MORE
Cyient DLM: Shares of Cyient DLM ended 14.11% lower at ₹512 apiece on the NSE, a day after the company released its Q3 FY25 results.

On Tuesday, Cyient DLM announced that its revenue grew 38% year-on-year to ₹444 crore in the December quarter. However, profit after tax was down 41.7% YoY to ₹10.8 crore.

The company said employee costs and other expenses were higher in Q3 FY25 due to consolidation with Altek Electronics Inc.—a firm that Cyient DLM acquired in October 2024. READ MORE

Broader Market

The BSE MidCap index ended at 42,647.77, down 519.62 points, or 1.20%, while the BSE SmallCap index settled at 50,906.76, down 807.86 points, or 1.56%.

Global Markets

Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump and robust corporate earnings bolstered investor optimism, while tariff uncertainty kept the dollar near a two-week low.

The pan-continental STOXX 600 index rose 0.7% on Wednesday to a record intraday high. Germany's DAX, up 1.1%, was also at a record, having gained almost 7% year-to-date.

Japan's Nikkei jumped 1.6%, tracking broad gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan, however, fell 0.2% as drops in Chinese and Hong Kong stocks offset broad gains elsewhere.

Chinese blue chips fell 0.9%, and Hong Kong's Hang Seng index lost 1.8%.

That left MSCI's broadest measure of global stocks up 0.2%.

(With inputs from Reuters)

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