Stock Market Today: Nifty at 25,211, Sensex Falls 0.33%, IndiGo Drops 2.9% After Q3 Results

Overview

• Sensex dropped 274 points while Nifty traded near 25,212 at press time, amid cautious sentiment.
  

• Banking stocks dragged indices as HDFC Bank traded at Rs. 916.60, down 0.23%.
  

• Metal stocks rally as silver hits record highs, lifting Hindustan Zinc 6%.

The Indian stock market today showed mixed emotions on Friday, January 23, 2026. Benchmark indices slipped into negative territory amid cautious investor sentiment. Sensex was down 274.27 points or 0.33%, at 82,033.10. Meanwhile, Nifty stood at 25,211.65, losing 78.25 points or 0.31%. The broader market faced selling pressure, with BSE Smallcap index declining 1.02%. Let’s see what happened in the stock market today based on Moneycontrol data. 

Banking Stocks Drag Indices Lower

Banking sector weighed heavily on the stock market today. Nifty Bank index fell 239.85 points or 0.41% to 58,960.25. Major banking stocks like HDFC Bank went down 0.23%. The stock was trading at Rs. 916.60 with a trading value of Rs. 913.36 crore. The pressure on banking stocks reflected broader concerns about near-term market direction despite recent policy stability.

Metal Stocks Emerge as Top Performers

BSE Metal index rose nearly 1%, making it one of the top-performing sectoral indices. Hindustan Zinc share price led the charge, surging 5.78% to hit a fresh 52-week high of Rs. 709.40. The stock’s market capitalisation neared Rs. 3 lakh crore. The rally was fueled by silver prices hitting an all-time high of $98.98 per ounce on Comex.

Other metal stocks also showed strength. NALCO jumped 4.29%, Hindalco gained 1.42%, and Vedanta advanced 1.48%. The sector benefited from the record-breaking rally in precious metals, particularly gold and silver.

Share Market News: Corporate Earnings Create Buzz

IndiGo (InterGlobe Aviation) stock fell 2.90% to Rs. 4,766.50 after reporting a 77% decline in quarterly profit to Rs. 549.1 crore. The airline company was impacted by new labour codes and operational disruptions.

Real estate major DLF reported strong numbers with a 13.7% jump in consolidated profit to Rs. 1,203.4 crore. Although its stock traded marginally lower at Rs. 609.50.

Bandhan Bank emerged as a top gainer. The shares surged 6.06% despite reporting a 51.8% profit decline, as investors focused on improved asset quality metrics.

Sun Pharma made headlines after receiving DCGI approval. It is to manufacture and market generic semaglutide injection in India. Despite the good news, the stock traded slightly lower at Rs. 1,629.

Stocks in Focus

The top gainers in the stock market today included Ashok Leyland, which climbed 3.24%. It was followed by APL Apollo, advancing 2.64%. On the other hand, Eternal shares (Zomato) dropped 3.81%. Although it continued to be one of the most active stocks with a trading value of over Rs. 993.53 crore.

Also Read: Vodafone Idea Share Price Holds Rs. 10: Can Q3 Results Change the Trend?

Precious Metals Hit Record Highs

Gold and silver ETFs witnessed dramatic movements in the share market news today, with some rising up to 30% from Thursday's lows as the precious metal rally extended. Silver traded at a steep premium, with markets expecting a possible import duty hike in the upcoming Budget. Nippon Silver ETF and Tata Silver ETF were among the most active shares on the NSE.

Sectoral Performance

The sectoral performance in the stock market today remained mixed. While the metal index gained nearly 1%, sectors like realty, power, and media declined between 0.5-1%. IT sector showed marginal gains of 0.05%. Consumer durables index snapped a 7-day losing streak with a 1% gain. India VIX, measuring market volatility, rose more than 2%, indicating heightened uncertainty among traders.

FII and DII Activity

Foreign institutional investors (FIIs) continued their selling streak. FIIs offloaded equities worth Rs. 2,549.80 crore on January 22. However, domestic institutional investors (DIIs) offered strong support by buying shares worth Rs. 4,222.98 crore. In turn, helping cushion the market's fall.

Also Read: US Stock Market Today: S&P 500 & NASDAQ Climb as Tech Leads and Economic Data Beats Expectations

Market Outlook

The stock market today showed cautious consolidation after recent volatility. Nifty managed to hold above its 200-day moving average at 25,164. Analysts suggest the market needs a decisive breakout above 25,500 to confirm a sustained recovery. Key support for Nifty remains at 25,100-25,150 levels. Investors should keep a close eye on upcoming earnings updates and global cues.

FAQs

1. Why did the Indian stock market go down today?

The market dipped, mostly because bank stocks were doing poorly, which pulled down the main indexes. Investors felt cautious, even though policies were steady, and the increase in market swings kept traders away.

2. Why did metal stocks jump today?

Metal stocks shot up since silver prices were at their highest ever, which boosted the whole sector. Companies such as Hindustan Zinc, NALCO, and Vedanta got a boost from the big need for precious metals.

3. How did banking stocks perform?

Banking stocks slipped, and the Nifty Bank index dropped by more than 0.4%. Stocks such as HDFC Bank traded lower as investors were worried about future growth potential and where the market was going overall.

4. How did foreign and domestic investment activity affect the market?

Foreign investors sold shares worth over Rs. 2,500 crore, putting more stress on the market. However, solid buying by domestic investors helped keep losses down and stopped the indexes from falling even further.

5. What’s the outlook for Indian stock market?

The market will likely keep swinging up and down for a bit. Experts mention that Nifty needs to pass 25,500 to bounce back for real, and there is great support around 25,100.