POST MARKET
The Indian equity market extended its losing streak for a third consecutive session on January 21 amid weak global cues, including geopolitical tensions over Greenland and a sharp sell-off in Japanese government debt.
At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50. About 1357 shares advanced, 2509 shares declined, and 127 shares remained unchanged.
Except for metal and oil & gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty, and PSU banks declining about 0.5 percent each.
On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer, and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco, and JSW Steel featured among the gainers.
Among the broader market indices, the BSE Midcap and Smallcap indices shed nearly 1 percent each.
STOCKS TODAY
Persistent Systems
The shares of Persistent Systems dropped almost 2 percent to a near six-week low after the company released its results for the October-December quarter of the financial year 2026. Some brokerages remained optimistic and increased their target prices for the stock, while some cited valuation concerns.
Highway Infrastructure
Highway Infrastructure shares fell 3.14 percent despite the company receiving an order worth Rs 64.68 crore from NHAI. The company has been appointed as the user-fee collection agency at the Mundka Fee Plaza, located on the strategically significant Urban Extension Road-11 (UER-11) corridor connecting Delhi and Haryana.
Kalyan Jewellers
Shares of Kalyan Jewellers India Ltd tumbled sharply on Wednesday, January 21, extending a prolonged slide and hitting a 19-month low amid heavy volumes. The stock fell by over 12 percent. It was trading down 11 percent at Rs 401.6 on NSE in the early afternoon session. Kalyan Jewellers’ shares are down 17.6 percent over the past year, markedly underperforming the broader market.
Eternal
Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit brands share went up over 4 percent, on Wednesday reported a 73 percent rise in consolidated net profit to Rs 102 crore for the third quarter ended December. Deepinder Goyal, founder and group CEO of Eternal, will be stepping down from his position and Blinkit’s CEO Albinder Dhindsa will take over, the company informed the exchanges on January 21.
Tata Communications
Tata Communications’ share price dropped 5.44 percent even after the company reported a 55% year-on-year rise in consolidated net profit for the December quarter, with profit attributable to equity shareholders coming in at Rs 365 crore, compared with Rs 236 crore in the year-ago period.
Source – Moneycontrol
