India: Daily Stock Market Performance Insight - January 23, 2026

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Daily Gainers

1,341

Daily Losers

3,186

Average Return

-1.00%

Total Stocks

4,960

View Detailed Market Cap Breakdown

Market Cap	Daily Gainers	Daily Losers	Average Return	Total Stocks
Large Cap	55	271	-1.76%	328
Mid Cap	63	341	-2.06%	408
Small Cap	453	1,409	-1.39%	1,926

Indian Equities Fall Amidst FII Outflows & Adani Group Concerns

Market Sentiment: negative

Importance Score: 5/10

Reasoning

The market experienced a decline with significant FII selling and negative news surrounding the Adani Group, outweighing positive earnings from JSW Steel and Coforge. The broad-based selling pressure and SEC investigation contribute to a negative outlook.

Key Takeaway

Despite strong DII buying and positive corporate results from companies like JSW Steel and Coforge, Indian equities closed lower due to significant FII selling and concerns surrounding the Adani Group.

View Full Market Analysis

Market Pulse: Indian equities experienced a decline on January 23, 2026. The Sensex closed down 770 points, a decrease of approximately 1%, at a final level not specified. The Nifty also fell below 25,100, also down nearly 1%. BSE market capitalization witnessed a significant drop, indicating broad-based selling pressure.
Theme 1: Foreign Investor Sentiment & Corporate Earnings: Foreign Institutional Investors (FIIs) were net sellers, offloading ₹2,550 crore worth of shares. This selling contributed to the market downturn, despite Domestic Institutional Investors (DIIs) purchasing ₹4,200 crore. IndiGo’s net profit reported a substantial 77.5% year-on-year drop to ₹550 crore, impacted by an exceptional loss of ₹1,546 crore, leading to a 1.75% share price decline to ₹4827.80. Conversely, JSW Steel bucked the trend, reporting a Q3 profit after tax of ₹2,410 crore – a threefold increase.
Theme 2: Corporate Action & Sectoral Performance: Adani Group stocks faced pressure, declining up to 10% following the US SEC’s request to serve summons. Adani Power, however, successfully raised ₹7,500 crore via NCDs. Coforge demonstrated strong performance with a 28.5% YoY revenue increase and a 71.2% YoY growth in profit after tax, reaching ₹364 crore. The company also declared an interim dividend of ₹4 per equity share. Amagi listed on Indian stock exchanges, marking a significant event for the cloud-native SaaS sector.
Data-Driven Insights: Crude oil prices increased by 2.1% to ₹5,554 per barrel. Ashoka Buildcon secured a ₹307 crore bridge construction order. Crypto funds experienced substantial inflows of $2.17 billion in the first two weeks of January, with Bitcoin accounting for 59% of these inflows.
Investor Implications: Monitor FII/DII flow trends closely, as the ₹2,550 crore FII outflow significantly impacted today’s market. The contrasting performance of IndiGo and JSW Steel highlights the importance of stock-specific analysis. Keep an eye on developments surrounding the Adani Group and the SEC investigation. Blackstone CEO’s statement that India has “already arrived” suggests continued long-term confidence in the Indian market.

Daily Streak Leaders for January 23, 2026

All (12) Large Cap (4) Mid Cap (4) Small Cap (4)

Stock	Streak	Streak Return
Mangalore Refinery \| MRPL Energy \| Large Cap	3 days ↑	11.80%
Mangalore Refinery starts to shine with a 3-day winning streak (139.00 → 155.40), delivering 11.8% gains. Despite 173.6B in revenue and - 2.7B loss (-1.6% margin) as of Qtr ending Jun 2025, the market sees potential beyond current profitability. This momentum suggests confidence in future execution.
Ashok Leyland \| ASHOKLEY Industrials \| Large Cap	3 days ↑	7.26%
Ashok Leyland starts to shine with a 3-day winning streak (179.92 → 192.98), delivering 7.3% gains. With 116.6B revenue generating only 6.6B profit (5.6% margin) in Qtr ending Jun 2025, the market prices in future margin expansion potential.
Aegis Logistics \| AEGISCHEM Energy \| Large Cap	11 days ↓	-13.01%
Aegis Logistics struggles to find footing after a 11-day decline (748.80 → 651.35), down 13.0%. The 16.0B revenue base faces margin compression with profits at 1.6B (Qtr ending Jun 2024). Market concerns about profitability appear justified as competition intensifies.
Aegis Logistics \| AEGISLOG Energy \| Large Cap	11 days ↓	-13.01%
Aegis Logistics faces persistent headwinds with a 11-day decline (748.80 → 651.35), down 13.0%. The 22.9B revenue base faces margin compression with profits at 2.4B (Qtr ending Sep 2025). Market concerns about profitability appear justified as competition intensifies.
Privi Speciality \| PRIVISCL Basic Materials \| Mid Cap	4 days ↑	3.87%
Privi Speciality gains traction with a 4-day winning streak (2,616.10 → 2,717.40), delivering 3.9% gains. The financials tell a compelling story: 5.6B revenue generating 575.5M net profit (10.3% margin) demonstrates exceptional profit margins as of Qtr ending Jun 2025.
Aditya Vision \| AVL Consumer Cyclical \| Mid Cap	4 days ↑	1.84%
Aditya Vision starts to shine with a 4-day winning streak (473.05 → 481.75), delivering 1.8% gains. Financial performance remains steady with 9.4B revenue yielding 551.6M profit (Qtr ending Jun 2025). The 5.9% margin suggests room for growth as operations scale.
Bata India \| BATAINDIA Consumer Cyclical \| Mid Cap	13 days ↓	-11.15%
Bata India struggles to find footing after a 13-day decline (958.60 → 851.70), down 11.2%. Weak margins on 9.4B revenue with only 520.0M profit (5.5% margin) in Qtr ending Jun 2025 validate market skepticism. Structural improvements needed before sentiment shifts.
R RRP Semiconductor \| RRP Financial Services \| Mid Cap	11 days ↓	-11.35%
S StarlinePS \| STARLENT Consumer Cyclical \| Small Cap	15 days ↑	97.18%
StarlinePS is on fire with an unstoppable a 15-day winning streak (3.55 → 7.00), delivering 97.2% gains. Financial performance remains steady with 125.7M revenue yielding 8.8M profit (Qtr ending Jun 2025). The 7.0% margin suggests room for growth as operations scale.
O Onix Solar Energy \| ONIXSOLAR Basic Materials \| Small Cap	15 days ↑	72.77%
Onix Solar Energy is on fire with an unstoppable a 15-day winning streak (405.60 → 700.75), delivering 72.8% gains. With 452.0M revenue generating only 10.1M profit (2.2% margin) in Qtr ending Jun 2025, the market prices in future margin expansion potential.
Silverline \| SILVERLINE Technology \| Small Cap	15 days ↓	-48.41%
Silverline faces persistent headwinds with a 15-day decline (15.14 → 7.81), down 48.4%. The 1.0B revenue base faces margin compression with profits at 72.6M (Qtr ending Sep 2025). Market concerns about profitability appear justified as competition intensifies.
B Blue Pearl \| BPAGRI Consumer Cyclical \| Small Cap	14 days ↓	-41.32%
Blue Pearl faces persistent headwinds with a 14-day decline (85.00 → 49.88), down 41.3%. Weak margins on 117.9M revenue with only 2.6M profit (2.2% margin) in Qtr ending Jun 2025 validate market skepticism. Structural improvements needed before sentiment shifts.

India Market Daily Gainers & Losers: January 23, 2026

All (30) Large Cap (10) Mid Cap (10) Small Cap (10)

Top India Stock Gainers (January 23, 2026)

Stock	Day Open	Day Close	Daily Change	Volume	Daily Volume
Bandhan Bank \| BANDHANBNK Financial Services \| Large Cap	₹150.20	₹149.33	4.82%	66.1M	66.1M
Hindustan Zinc \| HINDZINC Basic Materials \| Large Cap	₹695.00	₹698.70	4.56%	32.4M	32.4M
GE T&D India Limited \| GET&D Industrials \| Large Cap	₹2,660.00	₹2,712.70	2.35%	964.2K	964.2K
Go Digit General \| GODIGIT Financial Services \| Large Cap	₹330.00	₹331.60	2.25%	1.2M	1.2M
Sun TV Network \| SUNTV Communication Services \| Large Cap	₹559.70	₹563.95	2.19%	288.8K	288.8K
Tanla Platforms \| TANLA Technology \| Mid Cap	₹471.00	₹481.00	7.29%	22.7M	22.7M
Home First Finance \| HOMEFIRST Financial Services \| Mid Cap	₹1,068.60	₹1,112.80	6.12%	3.1M	3.1M
M Midwest Gold Limited \| MIDWEST Basic Materials \| Mid Cap	₹4,536.15	₹4,586.15	5.00%	3.5K	3.5K
Infibeam Avenues \| INFIBEAM Technology \| Mid Cap	₹15.60	₹15.84	3.26%	15.5M	15.5M
Sequent Scientific \| SEQUENT Healthcare \| Mid Cap	₹204.20	₹207.16	2.98%	958.8K	958.8K
V Vandana Knitwear \| VANDANA Consumer Cyclical \| Small Cap	₹13.30	₹15.96	20.00%	158.7K	158.7K
Dhampur Bio Organics \| DBOL Consumer Defensive \| Small Cap	₹82.00	₹95.76	20.00%	1.5M	1.5M
Lotus Chocolate \| LOTUSCHO Consumer Defensive \| Small Cap	₹749.00	₹800.60	19.99%	136.3K	136.3K
Garnet International \| GARNETINT Financial Services \| Small Cap	₹51.80	₹56.86	16.35%	138.8K	138.8K
M Mercury EV-Tech \| MERCURYEV Consumer Cyclical \| Small Cap	₹33.00	₹36.28	14.81%	1.3M	1.3M

Biggest India Stock Losers (January 23, 2026)

Stock	Day Open	Day Close	Daily Change	Volume	Daily Volume
Adani Green Energy \| ADANIGREEN Utilities \| Large Cap	₹909.00	₹772.80	-14.54%	23.0M	23.0M
Adani Transmissions \| ADANITRANS Unknown \| Large Cap	₹925.00	₹812.70	-12.12%	7.6M	7.6M
Adani Energy \| ADANIENSOL Utilities \| Large Cap	₹925.00	₹812.70	-12.12%	7.6M	7.6M
Adani Enterprises \| ADANIENT Energy \| Large Cap	₹2,080.50	₹1,864.20	-10.65%	7.5M	7.5M
One \| PAYTM Technology \| Large Cap	₹1,261.90	₹1,138.80	-9.65%	19.4M	19.4M
Le Travenues \| IXIGO Consumer Cyclical \| Mid Cap	₹241.90	₹204.55	-13.27%	21.3M	21.3M
Ashapura Minechem \| ASHAPURMIN Basic Materials \| Mid Cap	₹751.50	₹681.60	-9.21%	1.0M	1.0M
Inox Green Energy \| INOXGREEN Utilities \| Mid Cap	₹173.50	₹158.65	-8.59%	1.8M	1.8M
Strides Pharma \| STAR Healthcare \| Mid Cap	₹864.60	₹796.25	-7.91%	356.5K	356.5K
OneSource Specialty \| ONESOURCE Healthcare \| Mid Cap	₹1,530.00	₹1,432.40	-7.37%	728.0K	728.0K
Alphalogic Techsys \| ALPHALOGIC Technology \| Small Cap	₹54.05	₹48.77	-12.60%	63.4K	63.4K
HG Infra Engineering \| HGINFRA Industrials \| Small Cap	₹656.65	₹590.05	-11.00%	5.5M	5.5M
S Shriram Asset \| SRAMSET Financial Services \| Small Cap	₹381.50	₹335.30	-10.61%	43.0K	43.0K
Spencer's Retail \| SPENCERS Consumer Cyclical \| Small Cap	₹35.10	₹31.48	-10.31%	244.8K	244.8K
Quality Power \| QPOWER Industrials \| Small Cap	₹664.00	₹598.05	-10.26%	1.4M	1.4M

Most Active India Stocks on January 23, 2026

All (15) Large Cap (5) Mid Cap (5) Small Cap (5)

Stock	Day Open	Day Close	Daily Change	Volume	Daily Volume
Vodafone Idea \| IDEA Communication Services \| Large Cap	₹10.29	₹9.93	-2.46%	523.2M	523.2M
Yes Bank \| YESBANK Financial Services \| Large Cap	₹21.73	₹20.92	-3.28%	120.5M	120.5M
ETERNAL LIMITED \| ETERNAL Consumer Cyclical \| Large Cap	₹276.95	₹258.70	-6.23%	85.8M	85.8M
Bandhan Bank \| BANDHANBNK Financial Services \| Large Cap	₹150.20	₹149.33	4.82%	66.1M	66.1M
Adani Power \| ADANIPOWER Utilities \| Large Cap	₹141.00	₹132.96	-6.00%	52.4M	52.4M
Ujjivan Small \| UJJIVANSFB Financial Services \| Mid Cap	₹62.60	₹63.06	1.78%	126.1M	126.1M
PC Jeweller \| PCJEWELLER Consumer Cyclical \| Mid Cap	₹10.66	₹10.69	0.28%	61.5M	61.5M
Reliance Power \| RPOWER Utilities \| Mid Cap	₹30.40	₹28.27	-5.67%	54.0M	54.0M
Ola Electric \| OLAELEC Consumer Cyclical \| Mid Cap	₹33.29	₹31.95	-3.09%	40.7M	40.7M
Jaiprakash Power \| JPPOWER Utilities \| Mid Cap	₹15.34	₹14.75	-3.66%	38.8M	38.8M
Alstone Textiles \| ALSTONE Consumer Cyclical \| Small Cap	₹0.19	₹0.19	0.00%	49.7M	49.7M
Everest Kanto \| EKC Industrials \| Small Cap	₹101.13	₹114.53	13.25%	45.1M	45.1M
GTL Infrastructure \| GTLINFRA Technology \| Small Cap	₹1.03	₹1.02	-0.97%	44.7M	44.7M
F Filatex Fashions \| FILATFASH Consumer Cyclical \| Small Cap	₹0.31	₹0.30	0.00%	43.6M	43.6M
Bajaj Consumer Care \| BAJAJCON Consumer Defensive \| Small Cap	₹305.45	₹305.80	3.00%	23.4M	23.4M