Stock Market Close Highlights: Sensex sheds 330 pts, Nifty ends at 23,092; Smallcap shares bleed

Stock Market Highlights: Small-cap shares felt the most heat among the broader markets, with Nifty Smallcap100 ending lower by 2.35 per cent dragged by Cyient, and Jupiter Wagons

3:59 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The market is haywire, with sentiment so weak that even results in-line with expectations are triggering selloffs. While the broader market is under pressure, positively, large-cap stocks are showing some resilience. From the taper-tantrum to geopolitical risks, the Indian market has borne numerous challenges in its history. Similarly, the ongoing appreciation of the USD could reverse once market yields flatten out, as the Trump administration is to sustain is slowing. This negative market bias is not expected to persist for long. For long-term investors, this is not the time to sell but rather be patient and adopt an accumulation strategy.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:58 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty witnessed a volatile day of trade today. It witnessed selling pressure emerge from the upper end of the broad range 23350 – 23400 and slipped to close in the negative down 113 points. Since the past four trading sessions the Nifty is trading in the broad range of 23,000 – 23,400. Divergence among the daily and hourly time frame momentum indicator can lead to further consolidation. Bollinger bands are contracting also suggesting a rangebound movement.

Thus until, the Nifty does not breach the support zone of 23,050 – 23000 we can expect the rangebound price action to continue. Stock specific weakness in the broader market is visible as the small cap index and midcap index w,ere down 2.35 per cent and 1.55 per cent respectively. On the Nifty a breach below 23,000 could lead to a fall towards 22,670 which coincides with the 38.2 per cent Fibonacci retracement level of the rise form 16,828 – 26,277.

 

View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan.

3:43 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: Dr Reddy's Laboratories, Apollo Hospitals, Cipla were among the top losers on Nifty50. 

3:40 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: M&M, Tata Motors, Zomato were among the top losers on Sensex at close. 

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices in red at close. 

3:35 PM

Stock Market LIVE Updates: Nifty settles 113.15 pts lower at 23,092.20

Stock Market LIVE Updates: NSE Nifty finished 113.15 points or 0.49 per cent lower at 23,092.20.

3:33 PM

Stock Market LIVE Updates: Sensex closes 329.92 pts lower at 76,190.46

Stock Market LIVE Updates: BSE Sensex closed 329.92 points or 0.43 per cent lower at 76,190.46. 

 

3:26 PM

Stock Market LIVE Updates: Tata Electronics buys 60% stake in Pegatron's India arm for iPhone plant

Stock Market LIVE Updates: The electronics manufacturing business from Tata Group, Tata Electronics today announced the acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited (PTI). The financial details of the deal were not available, but this will allow the company to expand its local iPhone manufacturing. Read more 

3:20 PM

Stock Market LIVE Updates: Sobha hits 52-week low; stock tanks 27% thus far in January

Stock Market LIVE Updates: Shares of Sobha hit a 52-week low of Rs 1,148.30, as they declined 6 per cent on the BSE in Friday’s intra-day trade on growth concerns. The stock price of this real estate company fell below its previous low of Rs 1,176.01 touched on March 18, 2024. Read more 

3:06 PM

Stock Market LIVE Updates: Lupin receives USFDA approval to market its generic HIV medications

Drug firm Lupin on Friday said it has received approval from the US health regulator to market a generic HIV medication in the US market.

 

The company has received tentative approval from the US Food and Drug Administration (USFDA) under the US President's Emergency Plan for AIDS Relief (PEPFAR) for Abacavir, Dolutegravir and Lamivudine tablets, the Mumbai-base drug maker said in a statement. Read more

2:56 PM

Stock Market LIVE Updates: LG Energy Solution plans to cut capex on slowing EV demand after Q4 loss

South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30 per cent this year on slowing electrical vehicle demand growth, after posting a quarterly loss for the first time in three years.

 

The company, which makes batteries for Tesla, General Motors and Volkswagen, reported an operating loss of 226 billion won ($158 million) for the October-December period.

 

The result compares with a profit of 338 billion won for the same period a year earlier. Read more

2:42 PM

Stock Market LIVE Updates: Adani Power down 2% as Sri Lanka revokes power purchase pact with Group

Adani Power share price:Adani Power shares were in focus on Friday, January 24, 2025, as the scrip dropped as much as 2.16 per cent to hit an intraday low of Rs 510.20 per share. 

 

The drop in share prices followed Sri Lanka’s decision to revoke a power purchase agreement with the Adani Group amid corruption allegations from the United States (US), as reported by Agence France-Presse on Friday, citing sources within the country’s energy ministry.

 

Sri Lanka’s new president, Anura Kumara Dissanayake, initiated investigations into Adani's local ventures after the company’s founder, Gautam Adani, faced bribery charges in the US last year, the report stated. Read more

2:40 PM

Stock Market LIVE Updates: Bajaj Housing, Waaree Energies, Mobikwik among 18 IPOs trading at new lows

Bajaj Housing Finance, Waaree Energies, One Mobikwik Systems, DAM Capital Advisors, P N Gadgil Jewellers, Transrail Lighting and Unimech Aerospace & Manufacturing were among 18 recently listed stocks that were trading their respective lows since listing amid a sharp correction in equities.

 

ACME Solar Holdings, Carraro India, Inventurus Knowledge Solutions, Indo Farm Equipment, Krystal Integrated Services, Northern Arc Capital, Stanley Lifestyles, Suraksha Diagnostic and Unicommerce Esolutions were the others from the BSE IPO index to hit respective new lows on Friday. These stocks were down up to 5 per cent on the BSE. Read more

2:18 PM

Stock Market LIVE Updates: Dividend, Bonus issue: Wipro, BPCL, 29 others to trade ex-date next week

Stock Market LIVE Updates: Among the notable ones, Wipro, MPS, Coforge, KEI Industries, BPCL, Housing & Urban Development Corporation (HUDCO), Torrent Pharma, Siemens, and Accelya Solutions India shares will turn ex-dividend date. Meanwhile, Technopack Polymers, Shraddha Prime Projects, and Indraprastha Gas are among the stocks scheduled to turn ex-bonus, according to data available on the BSE. 

 

Additionally, JBM Auto, Kiduja India, and Mohite Industries are among the companies that will trade ex-date following the announcement of subdivisions (stock splits). READ MORE

2:12 PM

Stock Market LIVE Updates: After Axis, HDFC Bank, investors eye ICICI Bank Q3 results; what to expect?

Stock Market LIVE Updates: Analysts, however, expect ICICI Bank to see stable asset quality with lower slippages. The bank’s Q3 profit, they said, may decline around 2 per cent on a quarter-on-quarter (Q-o-Q) basis amid a soft loan-growth environment. It would still grow in the low double digit on a year-on-year (Y-o-Y) basis. READ MORE

2:00 PM

Stock Market LIVE Updates: NTPC Renewable Energy wins 300MW solar project in NHPC's tender

Stock Market LIVE Updates: NTPC Renewable Energy has emerged as a successful bidder in the e-reverse auction conducted by NHPC Limited. The tender aimed at the 'Selection of Solar Power Developers for Setting up of 1200 MW (1.2 GW) ISTS (Inter State Transmission System) Connected Solar Power Projects

with 600MW/1200MWh Energy Storage Systems (ESS) on an anywhere-in-India basis under Tariff Based Competitive Bidding with Green Shoe Option.'

NTPC REL secured a capacity of 300MW at a tariff of Rs 3.09/kWh. In line with the Request for Selection (RFS) conditions, the project will include the establishment of an Energy Storage System (ESS) with a capacity of 150MW/300MWh, ensuring enhanced reliability and efficiency of the solar power generation. 

1:52 PM

Stock Market LIVE Updates: Here's why Exicom Tele-Systems was locked in 5% upper circuit on Jan 24

Stock Market LIVE Updates: The rise in Exicom Tele-Systems share price came after the company announced that it has secured an advance purchase order worth Rs 1,412.48 crore for the supply of telecom equipment (Power Systems & Racks), coupled with the maintenance of these telecom equipment for a period of 10 years, for BharatNet Phase III project in Uttar Pradesh (East, West) telecom circle, from Rail Vikas Nigam (RVNL). READ MORE

1:44 PM

Stock Market LIVE Updates: Nifty tests 23,150 in a volatile session

Stock Market LIVE Updates: The Nifty index turned negative amid a volatile session. It was trading at 23,155 level, down 51 points. So far during the day, the Nifty index has hit a high of 23,347.30 and a low of 23,102.90.

1:39 PM

Stock Market LIVE Updates: Paytm recovers 6% from day's lows after Co denies ED freeze on accounts

Stock Market LIVE Updates: Shares of financial technology (fintech) giant One 97 Communications (Paytm) fell 8.95 per cent to a day's low of Rs 773.05 on the National Stock Exchange (NSE) during intra-day deals on Friday, January 24, 2025. The fall in the company’s stock price follows news that the Enforcement Directorate (ED) has allegedly frozen approximately Rs 500 crore in virtual accounts of eight payment gateways, including Razorpay, PayU, Easebuzz, and Paytm, as part of its investigation into one of India’s largest cryptocurrency scams, the HPZ Token scam, according to a report by The Times of India. READ MORE

1:28 PM

Stock Market LIVE Updates: Nippon Life AMC shares slide 5% after profit drops 18% in Q3 results

Stock Market LIVE Updates: The quarterly average assets under management (QAAUM) surged to Rs 5.7 trillion as of December 2024, reflecting a 51 per cent  year-on-year (YoY) and 4 per cent  quarter-on-quarter (QoQ) increase, and maintained industry ranking of 4th largest AMC based on QAAUM. READ MORE

1:26 PM

Stock Market LIVE Updates: Eicher Motors rallies 5% in 3 days on healthy outlook; outperforms market

Stock Market LIVE Updates: Shares of Eicher Motors, listed parent of Royal Enfield and the global leader in middleweight motorcycles, are trading higher for the third straight day, gaining 2 per cent to Rs 5,221.30 on the BSE in Friday’s intra-day trade on healthy growth prospects. In three days, the stock of the two-wheeler company has rallied 5 per cent. The stock had hit a record high of Rs 5,386.55 on January 3, 2025. READ MORE

1:16 PM

Stock Market LIVE Updates: Sona BLW Precision shares slide 6% in trade; here's what's dragging stock

Stock Market LIVE Updates: Around 12:43 PM, Sona BLW shares were down 2.87 per cent at Rs 527.10 per share on BSE. In comparison, the BSE Sensex was up 0.56 per cent at 76,949.91. The market capitalisation of the company stood at Rs 32,756.11 crore. The 52-week high of the stock was at Rs 767.8 per share and the 52-week low was at Rs 511.1 per share. READ MORE

1:08 PM

Stock Market LIVE Updates: Mphasis shares in focus

Stock Market LIVE Updates: Mphasis says Q4 could be the best quarter in the last 3 years.

Mphasis management made the statement during the concall with analysts.

12:57 PM

Stock Market LIVE Updates: Syngene International shares sink on guidance cut for FY25

Stock Market LIVE Updates: Syngene International said after Q1: Looking ahead, we expect revenue growth in fiscal year 2025 to be in the range of high single digits to low double digits with momentum building up during the year. We expect the Ebitda margin to be similar to the level delivered in fiscal year 2024 and PAT growth in single digits. The long-term indicators for the sector are positive and I am confident that we will continue to perform well in the long term

 

SYNGENE GUIDANCE AT END OF Q2 -

With a strong third quarter already underway, we expect to see a positive change in revenue trajectory in the third quarter and remain on track to deliver within our guidance range for the full year.”  

 

SYNGENE GUIDANCE AT END OF Q3

Guidance: Growth observed in the quarter indicates that market dynamics, particularly within the US biotech sector, are stabilizing. However, the recovery in demand, which was expected in the second half of the year, experienced a delay of approximately 8 to 12 weeks. Syngene has returned to growth in this quarter and foresees the growth momentum continuing into the fourth quarter of the financial year. Despite the challenges faced in the first half of the year, the Company expects to close the full year with single-digit revenue growth and a flat PAT. EBITDA guidance remains unchanged
 

12:44 PM

Stock Market LIVE Updates: V2 Retail shares hit 5% upper circuit after posting 118% rise in profit YoY

Stock Market LIVE Updates: Around 12:19 PM, V2 Retail share price was up 5 per cent at Rs 1,839.75 per share on BSE. In comparison, the BSE Sensex was up 0.45 per cent at 76,861.41. The market capitalisation of the company stood at Rs 6,363.57 crore. The 52-week high of the stock was at Rs 1,950 per share and the 52-week low was at Rs 318.75 per share. READ MORE

12:35 PM

Stock Market LIVE Updates: Arvind SmartSpaces enters Mumbai Metropolitan Region with Rs 1,500-crore project

Stock Market LIVE Updates: Arvind SmartSpaces share price was in focus today, Friday, Jan 24.

The interest comes after Arvind SmartSpaces Limited announced that it has signed an agreement for a large horizontal multiuse project in Mumbai Metropolitan Region (MMR), with a total estimated area of ~92 acre and a top-line potential of Rs 1,500 crore. This project is located near Khopoli, Mumbai 3.0 and is the company’s first project in the MMR region.

The project is envisaged to be the first large-scale horizontal project in the vicinity with amenities likely to include a golf course and a large clubhouse. Contemporary horizontal development effectively addresses the desire for smart, secure, luxurious living while also fostering a sense of community. Key features of this development shall include a deep focus on design, modern amenities, uncrowded recreational facilities, premium customisations and vast green landscapes - all conforming to the buyers’ emerging need to pursue a superior lifestyle. 

12:30 PM

Stock Market LIVE Updates: Suryoday SFB share plummets 7% after sluggish Q3 show; net profits drop 41%

Stock Market LIVE Updates: Suryoday Small Finance Bank share slipped 7.44 per cent at Rs125 a piece on the BSE in Friday’s intraday trade. This came after the small finance bank reported a 41.8 per cent year-on-year decline in net profit for Q3 FY25, which dropped to Rs 33.3 crore from Rs 57.2 crore in the same quarter last year. Despite this, the bank recorded a 9.2 per cent increase in net interest income (NII), which rose to Rs 268.3 crore, compared to Rs 245.7 crore in Q3FY24. READ MORE

12:25 PM

Stock Market LIVE Updates: KFin Technologies shares zoom 13% in trade; why is the stock in demand?

Stock Market LIVE Updates: Around 11:03 AM, KFinTech share price was up 10.16 per cent at Rs 1,217 per share on BSE. In comparison, the BSE Sensex was up 0.10 per cent at 76,594.82. The market capitalisation of the company stood at Rs 20,918.39 crore. The 52-week high of the stock was at Rs 1,640 per share and the 52-week low was at Rs 538.65 per share. READ MORE

12:15 PM

Stock Market LIVE Updates: Axis Nifty500 Momentum 50 Index Fund NFO opens today

Stock Market LIVE Updates: As per the Scheme Information Document (SID), the fund follows a passive investment strategy, tracking the Nifty500 Momentum 50 Index. The index comprises the top 50 stocks, selected based on momentum, from the universe of large-, mid-, and small-cap stocks forming part of the Nifty500 index. Momentum is measured based on a stock’s recent (6-month and 12-month) price returns, adjusted for volatility. READ MORE  

12:06 PM

Stock Market LIVE Updates: Mankind Pharma shares crack 6% after Q3 profit drops 16%

Stock Market LIVE Updates: Mankind Pharma's domestic business revenues grew by 16 per cent year-on-year, reaching Rs 2,773 crore in Q3FY25, compared to Rs 2,400 crore in Q3FY24. The company’s consumer healthcare segment saw a 30 per cent Y-o-Y revenue growth in Q3, driven by consistent secondary sales growth for key brands like Manforce condoms and Gas-O-Fast. READ MORE