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SENSEX trades 300 pts higher in early trade, NIFTY50 tests 23,100; ICICI Prudential Life declines 10% after Q3 results
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3 min read | Updated on January 22, 2025, 10:26 IST
SUMMARY
At 10:18 AM, the S&P BSE SENSEX was trading at 76,181.76 levels, up 343.40 points, or 0.45%, while the NSE's NIFTY50 index was trading at 23,092.60, down 67.95 points, or 0.3%.
Stock list
As many as 24 stocks on the NIFTY50 index were trading in the green while 26 stocks were trading in the red.
At 10:18 AM, the S&P BSE SENSEX was trading at 76,181.76 levels, up 343.40 points, or 0.45%, while the NSE's NIFTY50 index was trading at 23,092.60, down 67.95 points, or 0.3%.
As many as 24 stocks on the NIFTY50 index were trading in the green while 26 stocks were trading in the red.
The top five gainers on the index were Wipro, Infosys, TCS, Sun Pharma, and Tech Mahindra.
Stocks in news
Shares of private life insurer ICICI Prudential Life Insurance declined 10% on Wednesday, a day after the company reported its financial results for the latest December quarter.
The stock was down 9.61% to ₹574.45 apiece on the National Stock Exchange (NSE) at 9:31 am.
In the quarter under review, the net premium income (NPI) surged 23.48% to ₹12,261 crore, compared to ₹9,929 crore in the same quarter a year ago.
The Cyient DLM stock dived as much as 12.5% on the National Stock Exchange of India (NSE) to hit a 52-week low of ₹521.50.
On Tuesday, Cyient reported 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 during the quarter due to higher expenses.
Broader Market
The BSE MidCap index was trading at 42,682.71, down 484.68 points, or 1.12% while the BSE SmallCap index was trading at 50,913.58, down 801.04 points, or 1.55%.
Sector Watch
Barring technology stocks, all sectoral indices were trading with losses.
The BSE Information Technology index was trading at 41,606.28, up 270.56 points, or 0.65%.
On the other hand, realty stocks were the top losers.
Global Markets
Global stocks gained on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.
Japan's Nikkei jumped 1.4%, tracking broad gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% as falls in Chinese stocks offset broad gains in Taiwan and South Korea.
Chinese blue chips fell 1.2%, and Hong Kong's Hang Seng index lost 1.5%.
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