Indian markets are likely to open on a higher note on Wednesday, January 22. As per the early trends, GIFT Nifty was trading 22.50 points or 0.10% higher at 23,139.50. This indicates a potentially positive opening for key domestic indices, including the NSE Nifty 50 and BSE Sensex.
Sensex and Nifty end in red on January 21
During Tuesday’s trading session, benchmark indices closed in the red, with the NSE Nifty 50 falling 291.70 points or 1.25% to settle at 23,053.05 and the BSE Sensex dropping 1,071.98 points or 1.39% to end at 76,001.46.
Midcap stocks faced significant pressure, as the Nifty Midcap 100 slid 2.31% to 53,834.95. The sell-off was triggered in the wake of US President Donald Trump’s announcement of new trade tariffs, which weighed heavily on global investor sentiment.
Quarterly watch: Key earnings announcements on January 22
Around 50 companies are set to announce their Q3 FY25 earnings today, keeping their share prices in focus during the trading session. Leading the list is HDFC Bank, followed by Hindustan Unilever, Bharat Petroleum Corporation (BPCL), and Polycab India. Other notable names include Pidilite Industries, Tata Communications, Indus Towers, Persistent Systems, and Coforge, among others.
Stocks to watch on January 22, 2025 Adani Energy Solutions
Adani Energy Solutions (AESL) announced its largest order to date, a Rs 25,000 crore HVDC project connecting Rajasthan and Uttar Pradesh. This win boosted the company’s order book to Rs 54,761 crore, showcasing its growing dominance in India’s energy infrastructure sector.
PNB Housing Finance
The mortgage lender reported a 36% YoY increase in net profit for Q3 FY25, standing at Rs 471.4 crore. Net Interest Income also surged by 15% to Rs 1,119 crore.
The PNB Housing Finance share price in the previous day trading session closed at Rs 899.00 apiece, down by 1.47%.
ICICI Prudential Life
The life insurance giant recorded a 43% YoY growth in net profit, reaching Rs 326 crore for Q3 FY25. Net premium income climbed to Rs 12,261 crore. Further, the share price of ICICI Prudential Life ended the day at Rs ICICI Prudential Life 635.90, down by 0.84%.
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