Stock Market: How can the market move on 23rd January – stock market outlook for 23rd January 2026 which stocks are top gainers and losers today
markets
Share Market Today: After three consecutive days of decline, the Indian stock markets returned bullish on Thursday, January 22. BSE Sensex closed at 82,307, up 398 points. Whereas Nifty closed at the level of 25,290 with a gain of 132 points. Today’s rise in the stock market was all-round
Stock in Focus: Construction company’s stock falls 46 percent in one year, now gets order worth ₹ 307 crore from government – stock in focus ashoka buildcon share price falls 46 percent in 1 year wins ₹ 307 crore government order
Stock in Focus: Construction engineering company Ashoka Buildcon Ltd has received the order for the construction of Signature Bridge from Public Works Department, Work Division-I, Daman. The project involves connecting Jampore Sea Front Road near Light House in Daman with Devka Sea Front Road at Parkota Sheri.
Project cost and timeline
Ashoka Buildcon’s bid of Rs 307.71 crore has been accepted for this project, which is exclusive of GST. This contract has been prepared on design, build and operate model. The company will have to complete the design and construction of this signature bridge within 30 months.
Big government orders have been received earlier also
Ashoka Buildcon had received an additional work order worth Rs 447.21 crore (including taxes) from Brihanmumbai Municipal Corporation (BMC) in December 2025. This order is related to the ongoing flyover project on Sion-Panvel Highway.
Before this, Ashoka Buildcon has also got a big infrastructure project worth Rs 539 crore from North Western Railways.
Status of Ashoka Buildcon shares
Shares of Ashoka Buildcon Ltd closed at Rs 145.20, up 2.43% on the BSE on Thursday. The stock has fallen 17.19% in the last 1 month. It has given negative returns of 28.44% during 6 months. At the same time, the stock has fallen 46.38% in 1 year. The market cap of the company is Rs 4.06 thousand crore.
What is the business of Ashoka Buildcon?
Ashoka Buildcon is an infrastructure and construction engineering company. Its core business involves design, construction, operation and maintenance of roads, highways, bridges, flyovers, railways, power transmission and urban infrastructure projects.
The company works on hybrid models like EPC (Engineering, Procurement and Construction) and BOT/DBO. It executes large-scale projects for the central and state governments. Additionally, Ashoka Buildcon also has presence in toll operations, road asset management and select international infrastructure projects.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Waaree Renewable Technologies saw 4% rise, purchases increased due to doubling of profit in Q3 – waaree renewable technologies share rises upto 8 percent after more than double profit in q3
Vari Renewable Technologies Limited The shares saw a rise of up to 7.7 percent in the day on January 22. The share reached a high of Rs 936.95 on BSE. Later the share settled at Rs 902.40 with a gain of about 4 percent. The company’s profit has more than doubled in the October-December 2025 quarter. There has been an increase in share buying after the results were announced. The company saw a net profit of Rs 120.19 crore during the quarter. A year ago the profit was Rs 53.48 crore.
Revenue stood at Rs 851.06 crore, which is 136.18 percent more than the December 2024 quarter revenue of Rs 360.35 crore. Waari Renewable Technologies is a subsidiary of Waari Group. It is a solar EPC company.
It offers turnkey EPC (Engineering, Procurement, Construction) solutions for solar power plants, rooftop solar projects and floating projects. The company is going to start a 120 MWp solar power park in Buldhana, Maharashtra.
The market cap of the company is more than Rs 9400 crore. The face value of the share is Rs 2. The stock has weakened by 28 percent in 3 months. Its listed competitors include names like Vaari Energies, Vikram Solar. The stock has a 52-week adjusted high of Rs 1358.50 and adjusted low of Rs 732.05 on BSE. The company’s standalone revenue during FY 2025 stood at Rs 1,597.46 crore. Meanwhile, net profit was recorded at Rs 229.49 crore.
Indian stock markets are bullish on 22 January. The Sensex jumped 873.55 points from its previous closing to reach a high of 82,783.18. Nifty touched a high of 25,435.75 with a gain of 278.25 points.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Share market suddenly took a U-turn, Sensex fell 700 points from day’s high, these are 4 big reasons – share market falls from high 3 key reasons sensex down 700 points from day high nifty below 25250
Share Market Fall: After the initial rise, Indian stock markets witnessed strong profit booking on Thursday 22 January. Sensex and Nifty started the day with gains amid strong signals from global markets, but within a few hours investors started booking profits at upper levels. Due to this, both the indexes came down much below their day’s high.
At around 9:48 am, Nifty was trading at 25,430.3, up 1.09 percent. Whereas BSE Sensex jumped 1.03 percent to reach 82,751.95. This rise came after US President Donald Trump backed down from his soft stance on Greenland and the threat of imposing tariffs on European countries. However, this momentum did not last long.
As trading progressed, the stock market witnessed selling at higher levels and the Sensex fell by more than 700 points from its day’s high, while the Nifty also slipped below 25,200. Around 12 noon, the Sensex was trading at 81,957.39, up marginally by 47.76 points or 0.05 per cent. Whereas Nifty was trading at 25,188.90 with an increase of 31.40 points or 0.12 percent.
There were three big reasons behind today’s sharp ups and downs in the stock market –
1. Profit booking stopped the rise
The biggest reason behind today’s upswing in the stock market was fast profit-booking. The sharp recovery in the market after the decline in the last three trading sessions gave many investors an opportunity to book profits at higher levels. The same trend was seen in banking shares also. Bank Nifty slipped nearly 1 percent from the day’s high. However, around 11 am it was trading with a slight rise. According to market experts, the recent rise was largely the result of short covering and relief rally, hence it was difficult for the market to sustain at higher levels.
Akash Shah, Technical Research Analyst, Choice Broking, said, “The range of 25,250–25,300 has now become an immediate resistance for Nifty. If there is a recovery in the market till this level, then there may be selling pressure. On the downside, the level of 25,000 remains a very important support psychologically and technically. If Nifty breaks strongly below this level, then in the coming times “It may see a further decline to 24,800–24,900.”
According to Akash Shah, at present the momentum indicators remain weak, although due to the oversold situation, a temporary relief rally is possible.
2. Selling pressure from foreign investors continues
Continuous selling by foreign institutional investors (FIIs) has also kept pressure on the stock market. On Wednesday, January 21, foreign investors withdrew money from the Indian stock market for the 12th consecutive day. So far in the month of January, foreign investors have withdrawn about Rs 34,000 crore from the Indian stock market.
Akash Shah said that continuous selling by foreign investors is keeping pressure on the benchmark indices. At the same time, domestic institutional investors (DIIs) are preventing the decline from accelerating completely by buying select stocks. This is the reason why there was no major decline in the stock market, but the rise could not be sustained either.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said last week that at the moment it looks like the selling by foreign institutional investors (FIIs) may continue unless there is a major positive trigger for the market to rise.
3. Impact of new labor code on Q3 results
Today, sharp fluctuations were seen in many shares in the stock market after the quarterly results. Shares of Zomato’s parent company Eternal had initially risen by more than 6 percent, but later the stock lost all its gains and went down by about 1 percent. The market was worried that costs related to the new labor code would impact companies’ third quarter profits.
VK Vijayakumar said that many companies have had to make more provisions due to the new labor code, which has affected their December quarter profits. However, he also added that the market will not take this impact too seriously as it is a one-time expense.
4. Rupee within limited range
The Indian rupee opened higher at 91.53 on Thursday and has been trading mostly rangebound since then. The pressure on the Indian currency is still against it. This pattern has been seen repeatedly in recent times, where the rupee has found it difficult to sustain its recovery. Earlier on Wednesday, the rupee had fallen 0.8% to a new all-time low of 91.74 against the US dollar.
What signals are coming from technical charts?
Anand James, Chief Market Strategist, Geojit Investments, says that the rise of Nifty around the level of 25,300 on Wednesday could not be sustained, due to which there was a possibility of slipping downwards. However, the doji pattern formed near the lower Bollinger Bands and the proximity of the 200-day Simple Moving Average indicates that the market may be in for some consolidation or stability for some time. According to him, if Nifty is successful in going directly above 25,300, then further rise from 25,470 to 25,580 is also possible.
Also read- Oracle Financial’s explosive December quarter, shares jumped 4% as investors cheered
Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. The website or management is not responsible for this. Moneycontrol advises users to consult certified experts before taking any investment decision.
Market cues: Doji formation after a sharp decline increased the likelihood of a trend reversal, overall trend remains in favor of the bears – market cues after a sharp decline doji formation increased the likelihood of a trend reversal but overall the trend remains in favor of the bears
Market cues: After a huge fall in the previous session, Nifty witnessed volatility and closed slightly below 200 DEMA (25,160), resulting in a decline of 0.30 percent on January 21. Experts say that after the recent decline, the possibility of a trend reversal increases due to the formation of an uncertain pattern. However, this will need to be confirmed in the next session. But the overall trend is still in favor of bears and the volatility index India VIX has reached a seven-month high. A fall below 25,900 may take Nifty down to 24,600–24,400 levels. However, a move above 25,300 may push the index towards 25,450-25,600 levels.
nifty view
On January 21, Nifty formed a small green candle with long upper and lower shadow on the daily timeframe, which looks like a doji-like candlestick pattern (not classical), indicating uncertainty in the market. Falling below the 200-day EMA, the index is now trading below all the important moving averages, with the 10-day EMA slipping below the 100-day EMA and the 20-day EMA slipping below the 50-day EMA. Moreover, the index has dropped below the lower Bollinger Band. RSI remained in the oversold zone at 27.89, while MACD remained below the signal and zero line, the histogram showed further weakness. All this indicates continued weakness and increased volatility.
Rupak Dey, Senior Technical Analyst at LKP Securities, says that when the 200 DMA is on the verge of being broken, there is usually a stir in the market and the outcome is rarely clear. In the next few days, there may be a lot of volatility in the Nifty 50 index. On the downside, support is at 25,125. A decisive decline below this level may cause further panic in the market. On the upside, resistance on closing basis lies at 25,200.
bank nifty view
Bank Nifty formed a bearish candle with long upper and lower shadows on the daily chart, indicating further weakness amid volatility. Falling 1 per cent on Wednesday, the index slipped below the 50-day EMA, although it remains above the long-term moving average (100-day 200-day EMA). The index managed to stay above the support level of 58,800 along with the lower Bollinger Band on a closing basis. RSI fell further to 40.77, while MACD maintained a bearish crossover with further decline in the histogram. All this indicates cautious sentiment and downside risks persist.
Rupak Dey says that the banking index has fallen below 50 DMA for the first time since late September last year, which shows increased selling pressure after a long period of good performance. This initial phase of sharp selling is an early warning of a major correction. The index has support at 58,600. A fall below this level could take it towards 58,000–57,700. On the upside, resistance lies at 59,000 and 59,300.
Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.
Should smallcaps move away from midcap stocks? – should you exit from smallcap stocks watch video to know
markets
The ongoing selling in the Indian stock market has had the biggest impact on those segments where retail investors have the highest stake. In comparison to largecap stocks, midcap, smallcap and SME stocks have seen a much sharper and bigger decline. Since the beginning of the year, the BSE Midcap index has fallen by about 5.8%, the Smallcap index by about 8.1% and the SME IPO index by more than 10%.
Deepinder Goyal steps down as Eternal CEO takes vice chairman role amid Q3 results watch video to know more
markets
Eternal founder Deepinder Goyal has resigned from the post of CEO and Managing Director. Know why Goyal resigned and now who will take the new responsibility in his place. Also, how were the company’s quarterly results.
Trump on Trade Deal: Trump said a big thing on trade deal with India, movement may be seen in the stock market – trump on india us trade deal big statement may trigger volatility in indian share market and export stocks on january 22
Trump on Trade Deal: The Indian stock market may react to US President Donald Trump’s comments on the India-US trade deal on Thursday. The market has been under pressure for the last few sessions and in such a situation, Trump’s statement is being considered very important in the eyes of investors.
During the ongoing World Economic Forum Summit in Davos, Moneycontrol’s Chandra Srikanth questioned Trump about the India-US trade deal. On this, Trump said, ‘First of all, I respect your Prime Minister very much. He is a great person and a good friend of mine. We will make a good deal with India.
Still heavy tariffs on Indian exports
However, Trump did not clarify when this deal would finally be signed. Several rounds of talks have already taken place between the two countries on this issue.
At present, a tariff of up to 50 percent is being imposed on exports from India to America. This is the reason why the uncertainty regarding the trade deal is continuously putting pressure on the market.
Export companies in focus
After Trump’s statement, attention has once again been focused on those companies whose business is largely dependent on exports. Especially textile, shrimp feed exporters and pharma sectors are in discussion.
At present there is no tariff on the pharma sector, but the textile sector has been affected the most. 50 to 70 percent of the earnings of companies like Gokaldas Exports, Welspun Living, Pearl Global come from the American market. In such a situation, the tariff has a direct impact on their profits.
Shrimp feed companies found an alternative way
America is also a big market for shrimp feed companies. Companies like Avanti Feeds, Apex Frozen Foods export a major share to America. However, these companies have turned to alternative markets like the European Union in time. This has softened the blow to some extent.
The actual impact of tariffs on all these sectors will be revealed in the Q3 results of the companies. These results have not been declared yet, so investors seem cautious.
Modi-Trump dialogue and new US ambassador
In recent times, talks have taken place between Prime Minister Modi and President Trump on many issues. The new US Ambassador to India, Sergio Gore, in his first address said that Trump has sent his best wishes to Prime Minister Modi and the people of India.
This definitely indicates that there is dialogue in the relationship, but the real relief to the market will come only when a concrete decision on the trade deal comes out.
Why is the Indian stock market falling?
There has been sharp selling in the Indian stock market in the last few trading sessions. There are many big reasons behind this, not just the trade deal.
Concerns remain regarding Japan’s bond market. Many important technical levels of Nifty have been broken. Foreign institutional investors are continuously selling. The rupee is also weakening. All these reasons together have put the market under pressure.
Stocks to Buy: These 10 stocks can give up to 65% returns, brokerage bullish; Would you bet?
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Share Markets: Share market at 4 months low, will there be a rise before the budget? Know the opinion of experts – will share markets rebound from 4 month low ahead of budget 2026 here is what analysts say
The decline of the stock market is increasing. Today, on January 21, it has closed with a decline for the third consecutive day. Sensex and Nifty now fell to their 4-month low. In such a situation, this is the big question. Will the stock market bounce back before the budget on February 1 or will the trend of decline continue? After all, why is the stock market under pressure? How strong are its support levels and what advice are experts giving to investors before the budget?
The stock market saw huge fluctuations today. During trading, at one time Sensex fell by 1,056 points and Nifty broke the psychological level of 25,000. But later the market recovered most of its losses due to buying at lower levels. Despite this, in the end the Sensex closed down by about 270 points and the Nifty also closed with weakness around 25,157. That is, it is clear that there was buying at lower levels, but the sentiment of investors still remains weak.
After all, what is the real reason for this fear of the stock market?
Market experts say that the biggest concerns of the market at this time are on three fronts. The first is global tension. Rising geopolitical tensions between the US and Europe, US President Donald Trump’s aggressive rhetoric regarding Greenland and fears of new tariffs have created a “risk-off” environment in global markets, driving investors away from the stock market.
The second concern is the continued selling by foreign investors. The selling by foreign institutional investors i.e. FIIs is not stopping for a long time. This has further weakened the movement of the Indian market. Since the beginning of the year, foreign investors have withdrawn more than Rs 32,000 crore from the Indian market. The rupee is also continuously weakening and is near record lows against the dollar. In such a situation, foreign investors are staying away from risk.
The third concern is the weak earnings season. Even on the earnings front, no big positive surprise has been received so far, which can strengthen the market. Results in IT, realty and some consumer segments have been weaker than expected, making investors more cautious than before.
Will there be a rise in the market before the budget?
Santosh Meena, head of research at Swastik Investment, believes that this decline before the budget is forcing investors to look for value rather than scaring them. According to him, in the current environment, instead of making aggressive bets, a balanced and defensive strategy can prove to be more effective.
He believes that the shares of big private banks have now reached such levels where valuations look more attractive compared to the historical average. Long-term investors may gradually find opportunities in names like HDFC Bank, Kotak Mahindra Bank and Federal Bank.
Along with this, he also advises not to ignore select PSU stocks. Santosh Meena believes that the structural story still remains strong in stocks like ONGC, Bharat Electronics and Hindustan Copper. Apart from this, he considers the FMCG sector as a “protective shield” of the portfolio, which can provide stable earnings and confidence even in volatile times.
On the movement of the stock market, Santosh Meena says that from the technical point of view the level of 25,000 has become very important for Nifty at this time. This is not just a figure, but the 200-day moving average of Nifty is also around this.
Meena says that if Nifty manages to stay above this level, then a technical recovery or a relief rally may be seen before the budget. But if this support level is broken decisively, the decline may extend to 24,900 or below. This means that the next few days can prove to be very important in deciding the direction of the market.
However, not all experts are so hopeful. Sunny Aggarwal, Head of Fundamental Research, SBI Securities, says that it is very difficult to predict the recovery of the market before the budget, because at this time global events are driving the market more than domestic factors. He says that the selling by foreign investors, the weakness of the rupee and the sharp rise in safe haven assets like gold and silver are indicating that investors are in no mood to take risks right now. In such a situation, even if there is a surge in the market, it may remain limited and weak.
Ajit Mishra of Religare Broking also shares a similar view. He says that the market condition has become technically weak after Nifty slipped below the 200-day average. If the pressure continues, Nifty may also test the level of 24,900. However, if the tension on the global front eases even a little, then a short-term relief rally can definitely be seen.
Overall, this is not the time to make big bets outright, but to invest through SIP and in a phased manner. If Nifty remains above 25,000, the market can heave a sigh of relief. But till then caution, balance and patience will remain the biggest weapons of investors.
Also read- Stocks to Buy: These 10 stocks can give up to 65% returns, brokerage bullish; Would you bet?
Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. The website or management is not responsible for this. Moneycontrol advises users to consult certified experts before taking any investment decision.