Stock Market Close Highlights: Sensex sheds 423 points, Nifty at 23,203; RIL up 3%, Infosys slips 6%

Market Highlights: Nifty IT, and Private Bank indices were the top laggards among the sectoral markets, ending down by over 2 per cent each

Stock Market Highlights, Friday, January 17, 2025: Benchmark equity indices lost their 3-day winning streak to end the week's last trading session in negative territory. The 30-share Sensex shed 403.24 points or 0.52 per cent to settle at 76,639.58, trading in a range of 77,069.19-76,263.29. 

 

Similarly, the NSE Nifty50 ended at 23,203.20, down 108.60 points or 0.47 per cent. Nifty50 reached its day's high at 23,292.10, while the day's low was recorded at 23,100.35. 

 

29 of the 50 constituent stocks of Nifty50 ended in the green, with gains led by Reliance Industries, BPCL, Hindalco, Hindalco, and Coal India. Conversely, Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, and Wipro were among the 21 constituent stocks that ended in the red, with losses extending up to 5.75 per cent.   Among the broader markets, the Nifty Midcap100 and Nifty Smallcap 100 indices settled with gains of 0.23 per cent and 0.16 per cent, respectively.  Sectoral markets ended mixed, with Nifty IT, and Private Bank indices being the top laggards, ending down by over 2 per cent each. This was followed by Bank Nifty and Financial Services indices, which ended lower by over 1 per cent each. Among others, Nifty FMCG, Metal, OMCs, and Realty indices ended higher by up to 1.56 per cent.

3:48 PM

Stock Market Highlights LIVE Updates: Bearish sentiment may persist in the short term

The Nifty remained under bearish pressure for yet another session. Sentiment remains weak as the index declined after encountering resistance at a crucial moving average. This bearish sentiment may persist in the short term or as long as the index remains below 23,400.

On the downside, it could drift toward 23,000. A decisive break below 23,000 might trigger a broader market correction. Conversely, 23,400 is likely to remain a strong resistance level."

(View by: Rupak De, Senior Technical Analyst at LKP Securities)

3:47 PM

Stock Market Highlights LIVE Updates: Nifty IT, Private Bank down 2%

Nifty IT, and Private Bank indices were the top laggards, ending down by over 2 per cent each.

3:44 PM

Stock Market Highlights LIVE Updates: BPCL, Reliance Ind, Coal India gain on NSE

 BPCL, Reliance Industries, and Coal India gain on NSE. 

3:43 PM

Stock Market Highlights LIVE Updates: Broader indices settle in green marginally

The BSE MidCap ended 0.04 per cent higher, while the BSE SmallCap index was up 0.01 per cent.

3:39 PM

Stock Market Highlights LIVE Updates: Heatmap check

16 out of 30 stocks close in green on the BSE Sensex.

3:37 PM

Stock Market Highlights LIVE Updates: Nifty slips 108 pts, below 23,250

The NSE's Nifty50 slipped 108 points or 0.47 per cent 23,203 level.

3:35 PM

Stock Market Highlights LIVE Updates: Sensex ends over 420 pts lower

The BSE Sensex closed 423 points or 0.55 per cent lower at 76,619.33 on Friday.

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid muted global cues. 

At 3 PM, the BSE Sensex was lower by 286.21 points, or 0.37 per cent, at 76,756.61, and the Nifty50 was at 23,244.15, down 67.65 points, or 0.29 per cent.

 

2:58 PM

Stock Market LIVE Updates: Dividend, Bonus issue: Havells India, 11 others to go ex-date next week

Stock Market LIVE Updates: Shares of Angel One, Havells India, Waaree Renewable Technologies, Blue Cloud Softech Solutions, BN Rathi Securities, and 7 other companies are set to be in focus next week between January 20, 2025, and January 24, 2025, for corporate actions such as dividends, stock splits, and bonus issues. 

 

According to data from the BSE, Angel One, Bhansali Engineering Polymers, Havells India, DCM Shriram, Mastek, Vidhi Specialty Food Ingredients, and Waaree Renewable Technologies will trade ex-date for dividend distributions. READ MORE

 

2:54 PM

Stock Market LIVE Updates: PM pins hope on 8-fold growth in EV sales; urges investment in auto sector

Stock Market LIVE Updates: Prime Minister Narendra Modi on Friday expressed hope that India's electric vehicle (EV) sales is expected to grow eight-fold by the end of this decade, creating opportunities for global and domestic manufacturers in the country's mobility sector.

PM Modi on Friday inaugurated the second edition of the Bharat Mobility Global Expo, which is being touted as the second-largest auto sector expo in the world this year. Addressing the meeting, he urged investors to go ahead with the "Make in India, Make for the World" strategy. "India is a good destination for investors dreaming of growth in the mobility sector. The government is with you," he said. The expo is expected to witness over 100 new launches across automobiles, component products, and technologies. In the last four years, FDI in the auto sector was to the tune of $36 billion, which Modi said is expected to increase further in the coming years. READ MORE

 

2:50 PM

Stock Market LIVE Updates: SBI Life's December quarter PAT rises 71.2% YoY to Rs 550.82 crore

Stock Market LIVE Updates: SBI Life reports December quarter results.

Net premium income at Rs 24,827.54 cr vs Rs 22,316.47 crore YoY

Profit before tax at Rs 571.61 vs Rs 329.04 cr YoY

Profit after tax at Rs 550.82 crore vs Rs 321.75 cr YoY

 

2:40 PM

Stock Market LIVE Updates: Defence stocks trade firm in weak market; BDL, HAL, GRSE rally up to 6%

Stock Market LIVE Updates: Shares of defence companies are trading higher by up to 6 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market on expectations of ordering flow to rise sharply in the January-March quarter (Q4FY25) for the sector given that defence capex is set to be met in fiscal 2025 (FY25). The recent Defence Acquisition Council (DAC) approvals augur well for the sector and emphasize the government’s focus on defence indigenisation, according to analysts.

 

Bharat Dynamics (BDL), Cochin Shipyard, Hindustan Aeronautics (HAL), Garden Reach Shipbuilders & Engineers (GRSE), Data Patterns (India), Bharat Electronics (BEL) and Mazagon Dock Shipbuilders are trading higher between 2 per cent and 6 per cent. In comparison, the BSE Sensex was down 0.40 per cent at 76,731 at 12:40 PM. READ MORE

 

2:33 PM

Stock Market LIVE Updates: APL Apollo Tubes gains over 11% in 4 days; UBS ugrades to 'Buy', raises TP

Stock Market LIVE Updates: APL Apollo Tubes shares gained 3.3 per cent in Friday's trade on BSE amid a strong earnings outlook. The stock logged an intraday high at Rs 1,598.5 per share. The stock rallied for the fourth straight session and gained over 11 per cent.

 

Around 10:27 AM, APL Apollo share price was up 2.32 per cent at Rs 1,583 per share on BSE. In comparison, the BSE Sensex was down 0.36 per cent at 76,765.89. The market capitalisation of the company stood at Rs 43,800.31 crore. The 52-week high of the stock was at Rs 1,729.45 per share and the 52-week low was at Rs 1,253 per share. READ MORE

 

2:23 PM

Stock Market LIVE Updates: HDFC Bank, Hindustan Unilever squeeze amidst middle class struggles

Falling wages and high inflation in India will have dented earnings at HDFC Bank Ltd, Kotak Mahindra Bank Ltd and Hindustan Unilever Ltd as the lenders brace for an asset quality deterioration and consumer firms grapple with penny-pinching customers.

 

HDFC Bank and Kotak Mahindra Bank are expected to report increases in bad loans, which should lead to higher provisions and weigh on quarterly profit. Unilever’s India unit is expected to show slowing sales volume growth despite the festive season. Read more

 

 

2:14 PM

Stock Market LIVE Updates: Will Bharat Mobility Expo 2025 rev up auto stocks? Analysts don't think so

Stock Market LIVE Updates: Bharat Mobility Global Expo 2025, formerly known as Auto Expo, kick started in New Delhi on January 17, 2025. While the automobile industry is hoping to rev up auto demand by showcasing electric vehicles (EVs), innovative concept cars, and production-ready models, analysts are cautious on the sector, at least for the near-term. According to them, the auto industry's "once-in-a century kind of transition towards greener energies" may lead to some consolidation and slowdown in demand, as industry players adjust their product portfolios with suitable pricing. READ MORE