Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%

Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.

4:01 PM

Stock Market Highlights LIVE Updates: Benchmark indices rebounded amidst heightened volatility

The benchmark indices rebounded amidst heightened volatility following better-than-expected results from a major private bank. The IT sector led gains, recovering from recent losses, while mid and small-cap stocks continued to underperform due to valuation concerns.

Apart from Banking and IT, most sectors posted losses, with the realty sector being the hardest hit for consecutive days.  The news that the US is considering lower tariffs on China may provide temporary relief, but underlying concerns persist. A moderation in the dollar index could potentially halt rupee depreciation.

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

3:51 PM

Stock Market Highlights LIVE Updates: 23,350–23,400 zone key resistance for Nifty50

On Wednesday, Nifty took support near its previous session low of 22,980 and formed a hammer tweezer bottom candlestick on the daily chart, signaling potential recovery toward 23,350 levels after Tuesday's decline.

However, sustained bullish momentum will only emerge if Nifty closes above 23,500, where the 21-day EMA is positioned. Until then, a cautious approach is advised. Short-term traders can focus on the 23,000–23,350 range, with 23,000 providing strong support and the 23,350–23,400 zone acting as a key resistance for the index.

(View by: Vatsal Bhuva, Technical Analyst at LKP Securities)

3:45 PM

Stock Market Highlights LIVE Updates: IT stocks shine on NSE

Wipro, Infosys, TCS and Tech Mahindra were among the top five gainers on the NSE.

3:43 PM

Stock Market Highlights LIVE Updates: Nifty IT, Pharma, Healthcare lead among sectoral trends.

Nifty IT, Pharma, and Healthcare ended on the higher side among sectors.

3:40 PM

Stock Market Highlights LIVE Updates: Broader indices underperform

The BSE SmallCap index closed 1.56 per cent lower, while the BSE MidCap index slipped 1.20 per cent.

3:38 PM

Stock Market Highlights LIVE Updates: Heatmap check

21 out of 30 stocks end in green on the BSE Sensex

3:35 PM

Stock Market Highlights LIVE Updates: Nifty finishes 135 points higher

The NSE's Nifty50 closed 0.59 per cent higher at 23,160 level.

3:33 PM

Stock Market LIVE Updates: Sensex ends 566 pts higher

The BSE Sensex closed 566 points or 0.75 per cent higher on Wednesday.

3:24 PM

Stock Market LIVE Updates: SmallCap, MidCap indices plunge 10% in last one month; What comes next?

The broader markets bled for the second consecutive day on Wednesday, falling over 5 per cent in the last two trading sessions. The Nifty Midcap100 plunged 2.72 per cent at 52,366.85 level, while Nifty Smallcap100 plummeted 2.94 per cent at 16,941.65 level in Wednesday's intraday deals.

 

On Tuesday, Nifty Midcap100 ended 2.31 per cent lower with Nifty Smallcap100 closing with a fall of 2.28 per cent. Moreover, in the last one month, Midcaps have fallen 10 per cent, and Smallcaps dived by 9.53 per cent.  

 

Analysts say that the whole market has been correcting since September, which was a record high. From September to December 31, small and mid-caps significantly outperformed the Sensex and Nifty. However, in the last 20 days, they have come under tremendous pressure, they said. Read more

3:11 PM

Stock Market LIVE Updates: IndiGo to report Q3 2025 results on Friday; here's what analysts expect

IndiGo Q3 results 2025 expectations: Analysts tracking IndiGo stock expect the low-cost airline to report a turnaround performance in the quarter ended December 31, 2024, on a sequential basis. On a year-on-year basis, however, the airline may see a slide in net profit growth due to high base of last year and possible decrease in passenger load factor (PLF).

 

IndiGo reported a net profit of Rs 2,998.1 crore in Q3FY24, but a loss of Rs 986.7 crore in Q2FY25. It’s revenue stood at Rs 19,452.1 crore in the year-ago period and Rs 16,969.6 crore in the September quarter of the ongoing financial year. Read more

3:04 PM

Polycab India share extends fall post Q3 results, down 12% in 2 days

Polycab India share price: Shares of Polycab India slipped 9 per cent to Rs 5,986.25 on the BSE in Wednesday’s intra-day trade, extending its previous day’s decline on profit booking, after the company reported a good set of numbers for the quarter ended December 2024 (Q3FY25). READ MORE

2:58 PM

Polycab India Q3 results: Profit rises 10.8% at Rs 457 cr, revenue up 20%

Wires, cables and fast moving electric goods maker Polycab India Ltd on Wednesday reported an 10.8 per cent rise in consolidated net profit at Rs 457.56 crore in the quarter that ended on December 31, 2024, backed by higher sales. READ MORE

2:51 PM

Kent RO Systems files for IPO, promoters to sell over 10 mn shares

Kent RO Systems Ltd on Wednesday filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The offer will consist of an offer for sale (OFS) by promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta, collectively offloading over one crore shares. READ MORE

2:40 PM

HDFC Bank Q3 results: Profit rises 2% YoY to Rs 16,736 cr; shares up 1%

HDFC Bank Q3 results: HDFC Bank, India’s biggest private lender, on Wednesday reported a standalone net profit of Rs 16,735.5 crore for the October-December quarter (Q3) of the current financial year (FY25). This was a 2.2 per cent year-on-year (Y-o-Y) growth over Rs 16,372.5 crore profit reported in Q3FY24. READ MORE

2:35 PM

JSW Steel Q3 Preview: Profit may plunge up to 80%, Ebitda to drop 30% YoY

JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand. READ MORE

2:22 PM

Akums Drugs share plummets 6% after IT Department conducts tax searches

Akums Drugs and Pharmaceuticals share price slumped 6.57 per cent at Rs 585 a piece on the BSE in Wednesday’s intraday trade. This came after the Income Tax Department conducted a search at its offices and its subsidiaries. READ MORE

2:13 PM

DAM Capital hits lowest level since listing; stock tanks 36% from high

The market price of stock broking & allied services company was trading close to its issue price of Rs 283 per share. It has declined 36 per cent from its post listing high of Rs 456.90, touched on debut day i.e. December 27, 2024. READ MORE

1:59 PM

Tata Technologies share dips 3% as brokerages slash target price post Q3

Tata Technologies share price slumped 3.39 per cent, while also hitting its 52-week low at Rs 789 a piece and on the BSE in Wednesday’s intraday trade. This came after the company reported a marginal decline in its net profit for the third quarter of the financial year 2024-25 (Q3FY25). READ MORE

1:49 PM

ALERT: Nifty PSU Bank index at day's low, down nearly 3%

Shares of Bank of Maharashtra, PNB, PSB, Canara Bank and Indian Overseas Bank were down over 3 per cent each, leading the fall in PSU banks.

1:38 PM

Rossari Biotech share price falls 5% after mixed Q3 results; profit down 8%

Rossari Biotech Q3 results impact: Chemical manufacturing company Rossari Biotech dropped as much as 5.41 per cent to hit an intraday low of Rs 757.55 per share on Wednesday, January 22, 2025. READ MORE

1:27 PM

ALERT: Polycab tumbles 7% after posting 11.5% jump in Q3 net

Polycab India reported a 11.5 per cent growth in Q3FY25 net profit at Rs 464.35 crore when compared with Rs 416.51 crore in Q3FY24. Total income increased by 19 per cent YoY to Rs 5,251.07 crore.

1:17 PM

India among top 3 least favoured Asian stock market amid multiple headwinds

India is among the top three least favoured Asian stock markets, according to a recent note by BofA Securities, with 10 per cent of the fund managers surveyed by the research and brokerage house remaining underweight on Indian equities from a 12-month perspective. READ MORE

1:03 PM

Explained: Why are the Lodha brothers fighting over the family brand name?

Abhishek and Abhinandan Lodha are locked in a legal battle over the use of the family name for their businesses. Abhishek has accused his brother Abhinandan of trademark infringement. READ MORE

 

12:51 PM

Stock Market LIVE Updates: ICICI Pru Life down 10% as VNB margin misses estimates; analysts cut target

Stock Market LIVE Updates: Weaker than expected value of new business (VNB) margins in the December quarter (Q3) of the current financial year (FY25) sent ICICI Prudential Life Insurance share price (ICICI Prudential share price) into a tailspin on Wednesday, January 22, 2025. READ MORE

12:36 PM

Stock Market LIVE Updates: 5 stocks that can benefit from China + 1 strategy; here's how to trade them

Stock Market LIVE Updates: The China Plus One, also known as China + 1 or C + 1, is a business strategy that focuses on diversifying risk and reducing dependence on China for manufacturing and sourcing needs. India aims to benefit from the same by becoming the go-to manufacturing and alternative business services hub for the world. READ MORE

12:25 PM

Stock Market LIVE Updates: Neuland Labs gets capex nod lift; stock up 5% even as broader indices sink

Stock Market LIVE Updates: Shares of Neuland Laboratories were trading higher by 5 per cent at Rs 13,915 on the BSE in Wednesday’s intra-day trade in an otherwise weaker broader market after the company’s board approved capital expenditure (capex) of Rs 342 crore. The company plans to fund this capex through debt and internal accruals. READ MORE

12:14 PM

Stock Market LIVE Updates: Tanla Platforms falls 7% after profit slumps 15% in Q3; hits 52-week low

Stock Market LIVE Updates: Tanla Platforms share price slumped 7.14 per cent, while also hitting its 52-week low at Rs 617.30 a piece and on the BSE in Wednesday’s intraday trade. This came after the company reported a considerable drop in its net profit for the third quarter of the financial year 2024-25 (Q3FY25). READ MORE

 

11:59 AM

Stock Market LIVE Updates: Persistent Systems shares under pressure, slip 7% ahead of Q3 results

Stock Market LIVE Updates: Information technology (IT) company Persistent Systems shares dropped as much as 6.71 per cent to hit an intraday low of Rs 5,500 per share on Wednesday, January 22, 2025. The fall in Persistent Systems share price came in anticipation of December quarter of financial year 2025 (Q3FY25) results, which will be announced later today. READ MORE

11:45 AM

Stock Market LIVE Updates: Reliance Consumer to acquire SIL, gears up to challenge HUL, Tata in FMCG

Stock Market LIVE Updates: Reliance Consumer Products is set to acquire packaged foods brand SIL Food India, which offers a range of products including cooking pastes, jams, mayonnaise, baked beans, and Chinese sauces. The acquisition formalities have been completed, according to a report by The Economic Times. READ MORE

 

11:31 AM

Stock Market LIVE Updates: India Cements share slips 9% on weak Q3 show; net loss widens to Rs 429 cr

Stock Market LIVE Updates: Shares of India Cements, a unit of UltraTech Cement, plunged as much as 9.33 per cent to hit an intraday low of Rs 315.80 per share on Wednesday, January 22, 2025. The fall in India Cements share price came on the back of weak results in the December quarter of financial year 2025 (Q3FY25). READ MORE