It’s panic across D’Street. Indian stock markets are trading sharply lower today, extending losses for a third straight session as selling pressure continues across sectors. The Sensex plunged more than 1,000 points in intraday trade, while the Nifty 50 slipped below the 25,000 mark, first time since October 2025
Market mood remains cautious due to a mix of global and domestic concerns. Fresh worries over possible US trade tariffs linked to the Greenland issue, along with mixed corporate earnings at home, weighed on the sentiment.
Here are the top movers and shakers at this hour:
Kalyan Jewellers India
Shares of Kalyan Jewellers declined further today, falling up to 13% in intraday trade and extending losses for the eighth consecutive session. The stock has now dropped nearly 18% over the past one year.
SRF
SRF shares slipped 6% in intraday trade after comments from the company’s management during its post-earnings call. The management highlighted ongoing pricing pressure from Chinese competitors across some of its key product segments. While the company noted that such pricing may not be sustainable in the long run.
Billionbrains Garage Ventures (Groww)
Shares of Billionbrains Garage Ventures, the parent company of online stockbroking platform Groww, rose up to 2% in the intraday trading session after the company announced a pilot launch of Groww Prime, a new opt-in feature. The offering is aimed at helping users manage mutual fund investments in a more structured manner.
Hindustan Zinc
Hindustan Zinc shares gained 3% in intraday trade after the company disclosed a key corporate development. In an exchange filing, the company said its committee of directors will meet on January 23, to consider raising funds through listed non-convertible debentures, which are debt instruments.
Shoppers Stop
Shares of retail chain Shoppers Stop came under sharp pressure today, falling as much as 12% intraday following the Q3FY26 results. The company reported a steep year-on-year decline in consolidated net profit to Rs 16.12 crore for the third quarter.
CreditAccess Grameen
CreditAccess Grameen shares surged nearly 11% during intraday trade after the company reported a strong turnaround in its quarterly performance. The microfinance lender posted a net profit of Rs 252 crore in the third quarter of financial year 2026, compared with a loss of Rs 99 crore in the same period last year.