Closing Bell: Market Ends Lower! Nifty Settles Below 23,100, Sensex Dropped 329 Points Dragged by Media & Realty

The benchmark equity indices ended Friday’s trading session in negative territory. The NSE Nifty 50 plunged 113.15 points, or 0.49%, to settle at 23,092.20, while the BSE Sensex dropped 329.93 points, or 0.43%, to close at 76,190.46.

Broader indices showed mixed trends, with declines led by small-cap and mid-cap stocks. FMCG and IT stocks outperformed, while other sectoral indices, including Media, Realty, and Pharma, fell by 2%.

Sectoral Index

The Bank Nifty index declined by 221.20 points, or 0.46%, to close at 48,367.80. Similarly, the Nifty Midcap 100 dropped sharply by 835.90 points, or 1.55%, ending the session at 53,262.95. In the broader market, both small-cap and mid-cap stocks closed in the red.

Top Movers on Nifty 50

Hindustan Unilever shares jumped over 2% after its Q3 results, emerging as the top gainer on the Nifty 50. Other notable gainers included Britannia Industries, Eicher Motors, Grasim, and ICICI Bank, each rising over 1%.

Meanwhile, the top losers were Dr Reddy’s Lab, Trent, and M&M, all declining over 3%, followed by Adani Enterprises and BPCL, which dropped 2% each by the session’s close.

The Indian Volatility Index (India VIX) closed up by 0.29 % at 16.75.

Crude Oil 

WTI crude prices are trading at $74.90 up by 0.38%, while Brent crude prices are trading at $78.56 up by 0.36% on Friday, January 24, 2025, at 3:43 PM (IST).

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