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

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

2:02 PM

Stock Market LIVE Updates: 2 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 2 PM, the BSE Sensex was lower by 440.61 points, or 0.57 per cent, at 76,602.21, and the Nifty50 was at 23,195.70, down 116.10 points, or 0.5 per cent.

 

1:59 PM

Stock Market LIVE Updates: Maruti Suzuki unveils its first electric SUV - e VITARA

Stock Market LIVE Updates: Maruti Suzuki India informed today about the launch of its first electric SUV, the e VITARA, at the Bharat Mobility Global Expo 2025. 

The company, in an exchange filing, saidthat the e VITARA is built on the ground-up HEARTECT-e platform. It added that the vehicle is set to be introduced in the premium NEXA channel.

1:50 PM

Stock Market LIVE Updates: What's dragged Sensex nearly 800 pts lower after 3 days of gains? Details

Stock Market LIVE Updates: Indian benchmark indices Sensex and Nifty50 plunged in trade on Friday, January 17, 2025. The BSE Sensex slumped 780 points or 1 per cent and logged an intraday low at 76,263.29. Likewise, the National Stock Exchange (NSE) Nifty tanked 211.45 points or 0.9 per cent to the day's low at 23,601.5.

 

Across sectors, the Nifty IT index was the top drag, falling 2.46 per cent, followed by the Private Bank index, which was lower by 2.13 per cent. The Nifty Bank and Financial Services were lower by 1.4 per cent and 1.39 per cent, respectively, while the Auto, Media, and PSU Bank indices were also lower.
 

Here are a few reasons why the market is on a downward trajectory today. READ MORE

 

1:42 PM

Stock Market LIVE Updates: Hatsun Agro Product slips 8% in trade; here's what's worrying investors

Stock Market LIVE Updates: Hatsun Agro Product, whose brands include Arun Icecreams, and Arokya Milk, shares slumped 7.7 per cent in Friday's trade on BSE, logging an intraday low at Rs 960.2 per share. The southward movement in the stock came after the company posted its Q3 numbers.

 

Around 11:23 AM, Hatsun Agro share price was down 2.07 per cent at Rs 1,194.9 per share on BSE. In comparison, the BSE Sensex was down 0.86 per cent at 76,379.91. The market capitalisation of the company stood at Rs 21,383.83 crore. The 52-week high of the stock was at Rs 1,380 per share and the 52-week low was at Rs 930.45 per share. READ MORE

 

1:33 PM

Stock Market LIVE Updates: Lemon Tree Hotels share price up 3% on signing new property in Gujarat

Stock Market LIVE Updates: Lemon Tree Hotels share price rose up to 2.60 per cent to hit an intraday high of Rs 144 per share on Friday, January 17, 2025. 

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Valsad, Gujarat.
 

In an exchange filing, the company said, “Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Valsad, Gujarat. The property, which shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, is expected to open in FY 2029.” READ MORE

 

1:22 PM

Stock Market LIVE Updates: Yatharth Hospital hits 5-month low, stock slips 24% in 12 days; here's why

Stock Market LIVE Updates: Shares of Yatharth Hospital & Trauma Care Services hit a five-month low of Rs 440.40, down 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade despite the company clarifying on Income Tax (IT) matters. 

The stock is quoting lower for the 12th straight day, falling 24 per cent during the period. The market price of the company has fallen 36 per cent from its 52-week high level of Rs 693 touched on November 4, 2024. Currently, it is quoting at its lowest level since August 13, 2024.

In the last two days, the stock price of the hospital company declined 9 per cent after Citigroup Global Markets Mauritius Private Limited sold 534,685 equity shares of the company for Rs 24.5 crore. Graviton Research Capital LLP bought 503,241 shares at a price of Rs 458.14 per share via bulk deals, the NSE data shows. READ MORE

 

1:12 PM

Stock Market LIVE Updates: This pharmaceutical stock nearly doubled within 3 months; zooms 17% today

Stock Market LIVE Updates: Shares of Bajaj Healthcare hit a record high of Rs 655, as they rallied 17 per cent on the BSE in Friday’s intraday trade in an otherwise weak market after the company received an exclusive right for the manufacturing, distribution and sales of Magtein in India, from Threotech. 

The stock of the pharmaceutical company has surpassed its previous high of Rs 654.05 touched on January 7, 2025. In comparison, the BSE Sensex was down 0.6 per cent at 76,575.21 at 10:48 AM. The average trading volumes on the counter more than doubled, with a combined 2.54 million equity shares changing hands on the NSE and BSE so far. READ MORE

 

1:03 PM

Stock Market LIVE Updates: 1 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 1 PM, the BSE Sensex was lower by 329.36 points, or 0.43 per cent, at 76,713.46, and the Nifty50 was at 23,227.95, down 83.85 points, or 0.36 per cent.

 

12:52 PM

Stock Market LIVE Updates: PM Narendra Modi speaks on the auto sector at the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says te government has continued to support the industry. Five years ago, FAME II scheme was initiated, under which, Rs 8,000 crore worth of incentives were provided to the industry. This enabled subsidies for buying EVs, charging infra was developed, and sales of 16,00,000 EVs received support, out of which, 5,000 were electric busses.

12:49 PM

Stock Market LIVE Updates: PM Narendra Modi speaks on the auto sector at the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says in the past decade, FDI, technology transfer and global partnerships have made new headways. The sector has received $36 billion in foreign direc investors, and this is going to increase manifold in the coming years.

The government is endevouring to ensure that the whole ecosystem of the auto manufacturing industry is developed within the country. 

A focus on green mobility is a part of the vision I had outlined about mobility solutions, at an earlier event, encompassing 7-C (Common, Connected, Convenient, Congestion-free, Charged, Clean, and Cutting edge. 

Today, the country is engaged in such a mobility system that supports both the economy, and the ecology. It will reduce our fossil fuel import bill. That's why, today, development of green technology, electric vehicles, hydrogen fuel, and biofuls, is in focus.

Initiatives such as the National Electric Mobility Mission and Green Hydrogen have also been started due to this vision.

In the past few years, electric mobility has seen rapid growth. 

Sales of electric vehicles have seen 640 per cent growth in the past decade.

While 10 years ago, only 2,600 electric vehicles were sold, in 2024, 16,80,000 electric vehicles were sold. 

Estimates suggest that the number of electric vehciles will increase by 8 times by the end of this decade. 

12:34 PM

Stock Market LIVE Updates: PM Narendra Modi speaks on the auto sector at the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says the demand for vehicles has also increased due to these initiatives. Along with the development of better infrastructure, modern technology is also being integrated. 

With the roll out of fast track, driving experience has improved; seamless travel has received a boost because of National Common Mobility card. Now, we are moving towards smart mobility.

In the sphere of connected vehicles and autonomous driving too, the country is working diligently.

12:24 PM

Stock Market LIVE Updates: PM Narendra Modi speaks on the auto sector at the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says there was a time in the country when people didn't buy vehicles because of the poor conditions of roads here. Now, this situation is also changing. Ease of travel is a primary target of the country.

In the previous budget, Rs 11 lakh crore was allotted for infrastructure development in the country. Today, in India, development of a web of multi-lane highway and expressway is underway.

As per the PM Gati Shakti National Master Plan, multi-modal connectivity has received a boost, bringing down logistics costs in the country. 

Due to the National Logistics Policy, India is emerging as one of the most competitive countries in terms of logistics costs. 

12:18 PM

Stock Market LIVE Updates: PM Narendra Modi speaks at the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says today there are many factors driving the future of mobility in the country, for instance, India's youth, a rapidly increasing middle class, rapid urbanisation, and development of modern infrastructure and affordable vehicles due to initiatives like Make in India.

These factors are going to push the growth of India's automotive sector, and add strength to it.

For the development of the country's auto industry, need and aspirations are very important, and today, these two aspects are very viberant.

India is going to remain a young country in the world in the coming few decades; and this youth is going to be the biggest customer for the industry.

The industry can very well gauge how much demand such a big young population can generate for the industry.

The industry's other big customer is the country's middle class. In the past 10 years, 25 crore Indian's have come out of poverty. 

This neo-middle class is buying its first vehicle, and as the country progresses, they will also upgrade their vehicles. And this trend is definitely going to benefit the auto sector.

12:07 PM

Stock Market LIVE Updates: PM Narendra Modi inaugarates the Bharat Mobility Global Expo 2025

Stock Market LIVE Updates: PM Narendra Modi, says today's India is filled with energy and aspirations, and this is reflected in the country's automotive industry. 

The country's automotive industry has grown by around 12 per cent in the previous year. Backed by Make in India, Make for the World, exports have also increased.

The country sells more vehicles than the population of most countries.

Selling more than 2.5 crore vehicles in a year shows how demand has been increasing continuously. 

When it comes to talks about the future of mobility, why the world looks at India with so much hope.

India today is the world's 5th largest economy, and in terms of the passenger vehicle market, we're are at the third position.

So imagine, when the country becomes one of the top three economies of the world, how much stronger the country's auto market will become.

The journey to a 'Vikshit Bharat' is also the journey of a transformation of the country's auto sector.

12:03 PM

Stock Market LIVE Updates: PM Narendra Modi inaugarates the Bharat Mobility Global Expo 2025