Market Wrap, January 24: SENSEX, NIFTY50 fall for 3rd straight week; 162 stocks hit 52-week low

At close, the S&P BSE SENSEX stood at 76,190.46 levels, down 329.92 points, or 0.43%, while the NSE's NIFTY50 index ended at 23,092.20, down 113.15 points, or 0.49%.

With today's fall, the headline indices logged losses for the third straight week.

For the week, the 30-share index of the BSE lost 0.5%, while the NSE's NIFTY50 index shed 0.47%.

As per analysts, investors are likely to maintain caution ahead of the upcoming Union Budget announcement.

Top gainers and losers

As many as 19 stocks on the NIFTY50 gained while 31 stocks declined in the trade.

Market Statistics

As many as 4,059 stocks traded on the BSE, 2,902 declined and 1,038 advanced while 119 scrips remained unchanged.

A total of 79 stocks hit their 52-week highs on the BSE while 162 shares touched their one-year low levels.

Further, as many as seven stocks hit their upper circuit limits and four scrips touched their lower circuits.

Stocks in news

Shares of global intelligent engineering services provider Cyient tanked in the trade after the company posted a 31.56% fall in its net profit to ₹127.7 crore in Q3 FY25 compared to ₹186.6 crore in the previous quarter.

Year-on-year, the profit after tax declined 16.64%.

Revenue from operations stood at ₹1,909.8 crore, growing 0.5% quarter-on-quarter (QoQ) and 3.78% YoY.

Karthikeyan Natarajan also resigned as executive director and chief executive officer of the company effective immediately to "explore new challenges and opportunities," he said in his resignation letter as per an exchange filing.

Broader Market

The BSE SmallCap index ended at 50,107.51, down 1,142.78 points, or 2.23%, while the BSE MidCap index settled at 42,715.63, down 693.03, or 1.60%.

Sector Watch

All sectoral indices on the BSE ended in the red. The biggest losers were realty stocks, followed by industrials and healthcare.

The BSE REALTY index settled at 6,716.72, down 172.54 points, or 2.50%.