Stock Market Closing Highlights: Sensex rings-in 2025 with 368 pts gain; Nifty ends atop 23,742

Markets Today Highlights:Broader markets also mirrored the benchmarks to settle higher, with Nifty Midcap100 and Nifty Smallcap100 ending with gains of 0.44 per cent and 1.02 per cent respectively

3:53 PM

Stock Market Highlights LIVE Updates: Market experienced broad-based recovery

The market started on a positive note on the first day of 2025. The recovery was broad-based, while the sustainability of the trend will depend on the earnings growth in Q3, where the expectation is positive on a QoQ basis. An uptick in core sector data and prospect of ramp-up in capex spending by the government in the remaining part of the fiscal aided sectors like capital goods, industrials, auto, and power.

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

3:48 PM

Stock Market Highlights LIVE Updates: Nifty Auto, Financials, Bank lead among sectors

Nifty Auto, Financials, and Banking stocks led among sectors.

3:45 PM

Stock Market Highlights LIVE Updates: Broader indices outperform, SmallCap index rises 1%

The BSE SmallCap index soared 1.03 per cent, while the BSE MidCap index surged 0.50 per cent.

3:41 PM

Stock Market Highlights LIVE Updates: Hindalco, Dr Reddy Labs, Adani Ports lead on NSE

Hindalco, Dr Reddy Labs, and Adani Ports were the top gainers on NSE. 

3:37 PM

Stock Market Highlights LIVE Updates: Heatmap check

23 out of 30 stocks end in green on the BSE Sensex, with Maruti, M&M and L&T as the top gainers.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty50 closes above 23,700 level

 Nifty50 closed at 23,742 level, up 98 points 0.41 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex ends over 350 pts higher

The BSE Sensex closed 368 points or 0.47 per cent higher at 78,507 level.

3:14 PM

Stock Market LIVE Updates: Suzlon, RInfra, GMR Power, Sequent among 317 stocks locked at upper circuit

Shares of Suzlon Energy, Reliance Infrastructure (RInfra), GMR Power & Urban Infra, Sequent Scientific and Reliance Power were among a total of 317 stocks locked at their respective upper circuits on the BSE in Wednesday’s intra-day trade.

 

63 Moons Technologies, Shilchar Technologies, Mercury Ev-Tech, Axiscades Technologies, JSW Holdings, Indo Tech Transformers, Zaggle Prepaid Ocean Services, Motisons Jewellers, Sunflag Iron & Steel Company, EPACK Durable and Coffee Day Enterprises from the BSE Smallcap index were locked at the 5 per cent upper circuit, the exchange data shows. Read more

3:01 PM

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

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

At 3 PM, the BSE Sensex was higher by 357.47 points, or 0.46 per cent, at 78,496.48, while the Nifty50 was at 23,742.30, ahead by 97.50 points, or 0.41 per cent.

 

2:58 PM

Stock Market LIVE Updates: Reliance Power arm Sasan Power repays $150 million debt to IIFCL, UK

Stock Market LIVE Updates: Reliance Power today informed that its subsidiary, Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024.

THe company, in an exchange filing, said, "This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating".

 

2:55 PM

Stock Market LIVE Updates: Buzzing Stock: Tanla Platforms share price up 11.5% today on heavy volume

Stock Market LIVE Updates: Tanla Platforms share price today soared as much as 11.5 per cent to Rs 750 per share on the National Stock Exchange (NSE). At 1:40 PM, Tanla shares were trading near day’s high on the NSE as against a 0.4 per cent rise in the Nifty today.

The rally in Tanla Platforms share price was supported by heavy volumes. Till the time of writing this report, 8.24 million shares had cumulatively changed hands on the NSE and the BSE.
 

Tanla Platforms is a mid-cap technology company, providing end-to-end solutions to customers in the telecom infrastructure, telecom services (products and custom development), offshore software development, and maintenance sectors. READ MORE

 

 

2:47 PM

Stock Market LIVE Updates: New Year, New Highs - How to trade in Muthoot Finance, Kaynes Tech, Praj?

Stock Market LIVE Updates: These 8 stocks, from the NSE 500 basket, have ringed in the New Year 2025 on an upbeat note hitting a new high on the first trading day of the year. Kaynes Technology, Praj Industries, Muthoot Finance, Blue Star Company, IPCA Labs, Coromandel Fertilisers, Lloyds Metals and Radico Khaitan are the 8 stocks.

Meanwhile, the benchmark indices too overcame the initial volatility and were seen trading on a firm note in noon deals. The BSE Sensex recovered from a low of 77,898, and was up 260 points at 78,400 levels. The NSE Nifty 50 index was seen testing the 23,700 levels.
 

Against this backdrop, here's a trading strategy on select stocks trading at new life-time highs this New Year 2025. READ MORE

 

 

2:45 PM

Stock Market LIVE Updates: MOIL increases prices of Manganese ore grades by 1 per cent to 7.5 per cent

Stock Market LIVE Updates: MOIL today informed that it has raised prices by 1 per cent to 7.5 per cent for different grades of Manganese ore for the month of January 2025.

The company, while informing in an exchange filing that the basic price of Rs 2,05,000 has been continued for the month of January 2025, said that the prices of all Ferro grades of manganese ore with Manganese content of Mn- 44% and above have been increased by 1%; the prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 5%; the prices of all SMGR (Mn-30%, Mn-25% & Mn20%) and Fines grades have been increased by 5%; the prices of certain grades of SMGR such as SMGR SMH, CHS578, CHL442, TDL499 & GML464 prevailing since 01.12.2024 have been continued; the prices of all Chemical grades have been increased by 7.5%. 

 

2:36 PM

Stock Market LIVE Updates: Cantabil Retail India opens 4 new stores, taking total count to 578

Stock Market LIVE Updates: Cantabil Retail India today informed that it has opened four new showrooms/stores at different locations in India in the month of December 2024, taking its total number of stores to 578.

The company, in an exchange filing, said, "We submit herewith the intimation under regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), Regulation, 2015 that company has opened 4 New Showrooms/ Shops at different location in India during the month of December 2024.Now total number of Showrooms/ Shops of the Company stands at 578". 

 

2:31 PM

Stock Market LIVE Updates: Muthoot Finance hits new high; up 22% within 2 months on strong Q2 results

Stock Market LIVE Updates: Shares of Muthoot Finance, India’s largest gold financing company in terms of loan portfolio, hit a new high of Rs 2,177.45, climbing 2 per cent on the BSE in Wednesday’s intra-day trade on expectations of strong earnings growth. The stock of the non-banking finance company is quoting higher for the fifth straight trading day, having rallied 7 per cent during the period. Since April, thus far in the financial year 2024-25, Muthoot Finance share price has zoomed 68 per cent.

 

Within two months, since November 18, the market price of Muthoot Finance has soared 22 per cent after the company revised its gold loan growth guidance for FY25 higher to 25 per cent, from its earlier guidance of 15 per cent. READ MORE

 

 

2:29 PM

Stock Market LIVE Updates: Endurance Technologies' President - Operations, Nilesh Phanse steps down

Stock Market LIVE Updates: Endurance Technologies today informed that Nilesh Phanse, President - Operations of the company, has been relieved from the services of the company, effective from the close of business hours on December 31, 2024.

The company, in an exchange filing, said, "This is to inform that Mr. Nilesh Phanse, President – Operations of the Company, had submitted his resignation vide letter dated 20th August, 2024. Mr. Phanse has been relieved from the services of the Company with effect from the close of business hours on 31st December, 2024". 

 

2:25 PM

Stock Market LIVE Updates: Trishakti Industries bags Rs 2.5 crore deal from L&T for its Kolkata Metro project

Stock Market LIVE Updates: Trishakti Industries today informed that it has secured a significant deal from Larsen & Toubro to deploy its machines to support L&T's Kolkata Metro project. The deal is worth Rs 2.5 crore.

The company, in an exchange filing, said, "We are pleased to inform you that Trishakti Industries Limited has secured a significant contract from Larsen & Toubro Limited (L&T). Under this contract, Trishakti Industries Limited will deploy machines worth INR 25 Million to support their Kolkata Metro Project.

This award is a testament to our commitment to providing high-capacity equipment for large-scale projects and further strengthens our position in the infrastructure sector. We anticipate that this contract will have a positive impact on the Company’s financial performance in the forthcoming quarters".

 

2:21 PM

Stock Market LIVE Updates: Centre to address high mining taxes in upcoming consultations with states

Stock Market LIVE Updates: The central government plans to hold consultations with state governments to address concerns about excessive taxation on mining operations, according to a report by The Economic Times.

This comes in response to a recent Supreme Court ruling that permits states to impose additional taxes on mining activities, a move that has raised apprehensions within the sector. READ MORE

 

 

2:17 PM

Stock Market LIVE Updates: Stalin govt scraps smart meter tender amid allegations of favour to Adani

Stock Market LIVE Updates: The DMK-led Tamil Nadu government has cancelled a global tender for the installation of smart metres, despite Adani Energy Solutions Ltd (AESL) emerging as the lowest bid for the project, according to a report by The Indian Express. 

The decision of scrapping the tender has been taken by the Tamil Nadu Generation and Distribution Corporation (Tangedco). The Tangedco cited the ‘high costs’ quoted by the Adani Energy Solutions Ltd – the lowest bidder for one of the four packages that covers four districts including Chennai, Kancheepuram and Chengalpattu. READ MORE

 

2:16 PM

Stock Market LIVE Updates: Bank loan growth slows for fifth month in Nov amid stricter lending rules

Stock Market LIVE Updates: Indian banks' loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India's crackdown on "exuberant" lending.

 

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023, excluding the impact of HDFC Bank's merger with its parent Housing Development Finance Corp, according to RBI data released late on Tuesday. READ MORE

 

 

2:15 PM

Stock Market LIVE Updates: State-run OMCs cut commercial LPG and ATF prices, effective January 1

Stock Market LIVE Updates: State-run oil marketing companies (OMCs) have announced a price reduction for 19-kg commercial liquefied petroleum gas (LPG) cylinders, effective January 1, 2025. The revised prices bring slight relief to commercial establishments. In Delhi, the price has dropped by Rs 14.50, making the new cost Rs 1,804 compared to Rs 1,818.50 in December 2024.

 

Similar reductions have been implemented across other major metros. In Kolkata, the price now stands at Rs 1,911, down by Rs 16 from Rs 1,927 last month. Mumbai recorded a reduction of Rs 15, bringing the price to Rs 1,756 from Rs 1,771. READ MORE

 

2:13 PM

Stock Market LIVE Updates: Sebi mandates compliance for listed entities with integrated filing

Stock Market LIVE Updates: Capital markets regulator Sebi has rolled out a new compliance framework for listed entities, introducing integrated filing for governance and financial disclosures, which will be applicable for filings to be done for the quarter ending December 31, 2024.

The latest move aims to reduce compliance burdens by unifying multiple periodic filing requirements into a single system.
 

"In order to facilitate ease of filing and compliance for listed entities, it has been decided to introduce Integrated Filing, in terms of...the LODR Regulations, for the following governance and financial related periodic filings required under the LODR, which shall be applicable for the filings to be done for the quarter ending December 31, 2024 and thereafter," the regulator said. READ MORE

 

 

2:10 PM

Stock Market LIVE Updates: Mining firm secures Rs 158 cr contract from Reliance Ind; shares jump 10%

Stock Market LIVE Updates: Shares of South West Pinnacle Exploration jumped 9.7 per cent at Rs 165.05 a piece on the BSE in Wednesday’s intraday trade. South West Pinnacle share price soared after the company bagged an order worth Rs 158 crore from Reliance Industries.

The drilling and exploration service provider was awarded an extension of contract for CBM production from Reliance Industries, for production hole drilling for Coal Bed Methane (CBM) in the State of Madhya Pradesh. In addition, the project has a provision to have three more extensions of six months each of the extended contract. READ MORE

 

 

1:56 PM

Stock Market LIVE Updates: Quadrant Future Tek IPO opens on Jan 7; key details for investors from RHP

Stock Market LIVE Updates: The initial public offering (IPO) of Quadrant Future Tek is set to open for public subscription on Tuesday, January 7, 2025. At the upper end, the company seeks to raise Rs 290 crore from the offering. The bidding for anchor investors is likely to take place on Monday, January 6, 2025. Here are the key details of the Quadrant Future Tek IPO, outlined by the company in its Red Herring Prospectus (RHP). READ MORE

1:44 PM

Stock Market LIVE Updates: Here's why this State-owned railway stock gained 3% in trade on January 1

Stock Market LIVE Updates:  Shares of State-owned railways company RITES rose up to 3.20 per cent to hit an intraday high of Rs 301.10 per share on Wednesday, January 1, 2025. The rise in RITES share price came after the company announced that it has secured an order worth $9.7 million from the Guyana government. READ MORE

1:36 PM

Stock Market LIVE Updates: Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts

Stock Market LIVE Updates: Equity benchmark indices - the BSE Sensex and the Nifty 50 were seen swinging between zones on the first trading day of the New Year 2025. At 11.10 AM, the Sensex was up 0.5 per cent or 418 points at 78,550, while the Nifty quoted around 23,750 levels.

 

Among individual shares, stocks of Lupin, IREDA, SJVN and Adani Wilmar were seen buzzing in trade on the back of news flow at the respective counters. READ MORE

 

1:33 PM

Stock Market LIVE Updates: Punjab National Bank MD & CEO Atul Kumar Goel retires

Stock Market LIVE Updates: Punjab National Bank today informed that Atul Kumar Goel has ceased to be the managing director and chief executive officer of the bank, effective from January 1, 2025, due to his superannuation on December 31, 2024.

The bank, in an exchange filing, said, "The Exchange is hereby informed that in terms of Department of Financial Services, Ministry of Finance, Government of India Notification No eF. NoA/1 12021-BO.I dated 28th December, 2021, Shri Atul Kumar Goel has ceased to be the Managing Director & Chief Executive Officer of the Bank w.e.f. 01.01.2025 l1r2_on his superannuation on 31.12.2024". 

 

1:30 PM

Stock Market LIVE Updates: Siyaram Recycling bags Rs 10 crore Brass Billet supply order from Al Qaryan Int'l

Stock Market LIVE Updates: Siyaram Recycling Industries today informed that it has received a purchase order for Brass Billet, worth $1,160,000 (Rs 10 crore), from Al Qaryan International, Dubai.

The company, in an exchange filing, said, "We are pleased to inform you that the Company is in receipt of Purchase Order of Brass Billet from M/s Al Qaryan International, Dubai for an amounting to 11,60,000 USD (Approx. INR 10.00 Crore)". 

 

1:27 PM

Stock Market LIVE Updates: Emerald Finance finalises allotment of 1 million equity shares; raises Rs 10 crore

Stock Market LIVE Updates: Emerald Finance today informed that it has successfully completed the allotment of 10,00,000 equity shares at Rs 100 per share, including a premium of Rs 90 per share, as part of its preferential issue to raise Rs 10 crore. The company, in an exchange filing, said, it has allotted 5,00,000 shares to Minerva Ventures Fund, a Mauritius-based foreign portfolio investor, and allotted 30,000 shares to Rajesh Jain, one of the founding partners of KPMG in India.

 

1:23 PM

Stock Market LIVE Updates: Dynacons Systems & Solutions share price pops 5% on Rs 280 crore-deal win

Stock Market LIVE Updates: Dynacons Systems & Solutions shares rose as much as 5.43 per cent to hit an intraday high of Rs 1,449.10 per share on Wednesday, January 1, 2025.

 

The uptick in the Dynacons Systems & Solutions share came after the company announced that it has secured a Rs 280 crore project to upgrade the information technology (IT) data centre infrastructure of Canara Bank. READ MORE