Stock Market Close Highlights: Sensex adds 115pts, Nifty ends atop 23,200; UltraTech Cement zooms 7%

Stock Market Highlights, Jan 23: The mid-, small-cap indices outperformed, with strong gains in mid-cap IT stocks; Auto, healthcare and consumer durables were the other notable movers on Thursday.

Stock Market Highlights, Thursday, January 23, 2025: After some initial jitters, benchmark equity indices exhibited a positive trend on Thursday aided by keen buying interest in auto, IT, cement and select healthcare shares.  The BSE benchmark, the Sensex, hit a low of 76,202 in early deals, and thereafter firmed up and rallied to a high of 76,743 - up 543 points from the day's low. The Sensex finally ended the day off the day's high at 76,520, up 115 points.  The NSE Nifty 50 hit a high and low of 23,271 and 23,091, respectively, before signing off the day 50 points higher at 23,205.  Among the Sensex 30, UltraTech Cement soared nearly 7 per cent to Rs 11,400 levels, after the company reported better-than-expected Q3 results. The gains at the counter also lifted the spirits in other cement shares.  Zomato up 2.5 per cent followed by Sun Pharma, Mahindra & Mahindra, Tech Mahindra, Tata Motors, Tata Steel and Titan were the other major gainers on Thursday. On the other hand, HCL Technologies, Power Grid Corporation, Kotak Bank, Reliance Industries and SBI declined over 1 per cent each.  In the broader market, the BSE MidCap index jumped 1.8 per cent, while the SmallCap added 0.7 per cent today. The likes of MidCap IT such as CoForge, Persistent Systems were among the top movers, up over 10 per cent each.  Sectorally, the auto, IT, healthcare and consumer durables indices gained in the range of 1 - 2 per cent; whereas, banking related indices were subdued.  The overall market breadth was marginally positive, with more than 2,100 stocks advancing on Thursday as against 1,800-odd declining shares on the BSE. 

3:54 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Uncertainty lingers whether the trade tariff measures will affect global trade, instigate higher inflation, and currencies volatility. The trend holds a declining momentum YTD with a pause today contemplating the upcoming 2025 budget, which has a muted expectation.  Meanwhile in-line Q3 results showcasing QoQ growth to the indices suggesting that Q4 will be much better.

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

3:49 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty witnessed a stable day of trade today. It opened marginally in the negative, however recovered and managed to close in the green up 50 points. On the daily charts we can observe that the Nifty is trading in the range of 23,420 – 23,000 since the last three sessions. Bollinger bands are contracting indicating rangebound price action going ahead. A breach of the range on either side shall set the trend in that direction. Daily and hourly momentum indicators have a positive crossover which is a buy signal, however, prices are not showing corresponding strength. Thus, a decisive range breakout is required for a move to develop until then the rangebound price action is likely to continue.

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

3:42 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices end in green. 

 

3:41 PM

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

Stock Market LIVE Updates: UltraTech Cement, M&M, Wipro were among the top gainers on Sensex.

3:39 PM

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

Stock Market LIVE Updates: UltraTech Cement, Grasim, Wipro were among the top gainers on Nifty50 at close. 

3:35 PM

Stock Market LIVE Updates: Nifty closes 50 pts higher at 23,205.35

Stock Market LIVE Updates: NSE Nifty finished the session with 50 points or 0.22 per cent gains at 23,205.35.

 

3:34 PM

Stock Market LIVE Updates: Sensex closes 115.39 pts higher at 76,520.38

Stock Market LIVE Updates: BSE Sensex ended 115.39 points or 0.15 per cent higher at 76,520.38. 

 

3:26 PM

Stock Market LIVE Updates: JLR owner says profits hurt by China's economic slowdown, local competition

Stock Market LIVE Updates: Jaguar Land Rover’s Indian owner said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles are hurting sales of traditional top-end cars.

“The environment in China continues to experience macro headwinds with a decrease in overall profitability, increase in retailer insolvency and contraction of bank credit,” P B Balaji, group chief finance officer at Tata Motors Ltd., said at the recently concluded Bharat Mobility Global Expo 2025 in New Delhi. Read more

3:17 PM

Stock Market LIVE Updates: UltraTech Cement rallies 6% post Q3 results; Ramco, JK Lakshmi surge 5%

Stock Market LIVE Updates: Shares of cement companies were in demand with the sector giant UltraTech Cement up 6 per cent at Rs 11,338 on the BSE in Thursday’s intra-day trade after India's biggest cement maker by capacity said its domestic sales volume grew 10 per cent year-on-year (YoY) for the third quarter ended December 2024 (Q3FY25). Read more 

3:08 PM

Stock Market LIVE Updates: 3 PM Market Update

Stock Market LIVE Updates: Sensex rises over 130 points, near 76,550 and NSE Nifty50 gains over 60 points, above 23,200. Broader markets trade positive with BSE Midcap up 1.75 per cent and Smallcap up 0.67 per cent. 

UltraTech Cement, Zomato, M&M were among the top gainers on Sensex, while, Kotak Mahindra Bank, Reliance Industries, Axis Bank were among the top laggards. On Nifty50, UltraTech, Grasim, Wipro were among the top gainers, while BPCL, HCLTech, RIL were among the top laggards. 

2:53 PM

Stock Market LIVE Updates: Coforge Q3 results: Adjusted PAT rises 10.3% to Rs 268 cr, revenue up 8.4%

Stock Market LIVE Updates: Coforge has posted a 10 per cent growth in adjusted net profit for the December quarter to Rs 268 crore, as its CEO exuded confidence that the coming year will continue to see robust and sustained growth for the IT solutions company. The profit attributable to the owners of Coforge, however, dipped to Rs 215.5 crore from Rs 238 crore in the year-ago period. The company officials attributed this to the minority interest factor with regard to its current 54 per cent holding in Cigniti Technologies, which is set to merge with Coforge with effect from April 1, 2025. READ MORE

2:44 PM

Stock Market LIVE Updates: UltraTech Cement Q3 result: Profit down 17% at Rs 1,470 cr, revenue up 3%

Stock Market LIVE Updates: India's biggest cement maker by capacity, Ultratech Cement on Thursday reported 17.3 per cent drop in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25) at Rs 1,469.5 crore. Sequentially, however this was a huge turnaround for the cement firm, up 79.2 per cent from Rs 820.04 crore reported at the end of Q2FY25. READ MORE

 

2:25 PM

Stock Market LIVE Updates: Senores Pharmaceuticals races 17% on robust Q3; profit more than doubles

Stock Market LIVE Updates: Pharmaceutical company Senores Pharmaceuticals share price skyrocketed as much as 17.36 per cent to hit an intraday high of Rs 543.05 per share. However, at 2:15 PM, Senores Pharmaceuticals share was trading 7.63 per cent higher at Rs 584.35 per share. In comparison, BSE Sensex was trading 0.29 per cent higher at 76,623 levels. The rise in Senores Pharmaceuticals share came after the company’s strong show in the December quarter (Q3FY25) results. READ MORE

2:14 PM

Stock Market LIVE Updates: Budget must give tax cuts for individuals to boost consumption: Barclays

Stock Market LIVE Updates: The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path. READ MORE

2:10 PM

Stock Market LIVE Updates: Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035

Stock Market LIVE Updates: Paras Defence on Thursday said it is planning to invest Rs 12,000 crore to set up the country's first optics park in Maharashtra and signed an initial pact with the state government at the ongoing World Economic Forum in Davos. READ MORE