Stock Market Highlights: Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead

Stock Market Highlights, January 20, 2025: Indian markets closed on a positive note on Monday with the 30-share Sensex gaining 454 points or 0.59 per cent to settle at 77,378.91

3:44 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: A strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future. However, uncertainties surrounding Trump's policies continue to linger, with investors eagerly waiting for more clarity. Oil prices remaining high is another key concern.

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

3:42 PM

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

Stock Market LIVE Updates: Kotak Mahindra Bank, Wipro, Bajaj Finace were among the top gainers. Here's a heat map

 

3:40 PM

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

Stock Market LIVE Updates: Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv were among the top gainers on Sensex. 

 

3:38 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed in green. 

 

3:35 PM

Stock Market LIVE Updates: Nifty50 finishes 141.55 pts higher at 23,344.75

Stock Market LIVE Updates: NSE Nifty 50 settled 141.55 points or 0.61 per cent higher at 23,344.75.

 

3:34 PM

Stock Market LIVE Updates: Sensex closes 454.11 pts higher at 77,073.44

Stock Market LIVE Updates: BSE Sensex settled 454.11 points or 0.59 per cent higher at 77,073.44.

 

3:27 PM

Stock Market LIVE Updates: Dr Reddy's Labs Q3 Preview: Revlimid to dent US sales, profits may rise 12%

Stock Market LIVE Updates: Indian pharmaceutical (IT) major, Dr Reddy’s Laboratories, is scheduled to deliver its October-December quarterly earnings for the financial year 2024-25 (Q3FY25) on Thursday, January 23, 2025. Read more 

3:23 PM

Stock Market LIVE Updates: Vedanta quotes higher for fifth straight trading day; surges 12% in 1 week

Stock Market LIVE Updates: Shares of Vedanta have moved higher by 2 per cent to Rs 464 on the BSE in Monday’s intra-day trade, extending their past four days' gains, on expectations of an improvement in the company's consolidated operating profitability (earnings before interest, tax, depreciation and amortisation (Ebitda). Read more  

3:17 PM

Stock Market LIVE Updates: Karur Vysya Bank shares rise 5% as Q3 profit up 21%, asset quality improves

Stock Market LIVE Updates: Karur Vysya Bank share price zoomed 4.9 per cent intraday to hit a high of Rs 228.9 per share on the National Stock Exchange (NSE) on Monday, January 20, 2025. This surge in the bank’s share price came after the lender reported a healthy set of financial results for the December quarter (Q3FY25). Read more 

3:08 PM

Stock Market LIVE Updates: NMDC to extract diamonds worth $3.4 mn from mine near tiger reserve in MP

Stock Market LIVE Updates: India's state-run miner NMDC is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near a tiger reserve, after receiving mining clearances last year, as per reports. Read more 

3:01 PM

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

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

At 3 PM, the BSE Sensex was higher by 576.47 points, or 0.75 per cent, at 77,195.80, and the Nifty50 was at 23,358.20, ahead by 155 points, or 0.67 per cent.

 

2:58 PM

Stock Market LIVE Updates: Voda Idea stock tops Rs 10-mark after 16 weeks; chart say can rise more 23%

Stock Market LIVE Updates: Vodafone Idea stock today, on Monday, topped the Rs 10-mark for the first time since October 04, 2024; i.e. after 16 trading weeks. Prior to which, the Voda Idea stock had consistently managed to sustain above this psychological mark for more than a year.

Today's 15 per cent surge was triggered on reportsthat the government was considering a proposal to waive 50 per cent of interest and 100 per cent of penalties and interest on penalties that make up a bulk of the AGR dues levied on telcos.
 

The stock has soared as much as 35 per cent in the last five trading sessions, from a level of Rs 7.74 to a high of Rs 10.47. Amid this rally, Voda Idea stock has also crossed its 100-DMA (Daily Moving Average) for the first time since September 2024. READ MORE

 

 

2:53 PM

Stock Market LIVE Updates: HUL Q3 preview: Analysts see muted quarter; PAT may rise 2% YoY, revenue 1%

Stock Market LIVE Updates: Hindustan Unilever (HUL), which owns brands like Dove, Vim, Surf Excel, and Horlicks, is scheduled to release its third quarter (Q3FY25) earnings on Wednesday, January 22, 2025.

Brokerages tracked by Business Standard estimate HUL's adjusted profit after tax (PAT) at Rs 2,577.97 crore, on average, implying a rise of 1.89 per cent year-on-year (Y-o-Y) as compared to Rs 2,530 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, PAT is likely to slip marginally by 0.84 per cent.

The company's revenue, on average, for the third quarter ended December 31, 2024, is anticipated at Rs 15,688.22 crore as compared to Rs 15,570 crore a year ago, which implies a rise of 0.75 per cent Y-o-Y. Sequentially, revenue may decline by 1.5 per cent. READ MORE

 

2:50 PM

Stock Market LIVE Updates: Zydus Life up 2% on USFDA nod for Phase II(b) clinical trial for Usnoflast

Stock Market LIVE Updates: Pharmaceutical company Zydus Life shares rose up to 1.93 per cent to hit an intraday high of Rs 1,013.35 per share on Monday, January 20, 2025. 

 

The rise in the Zydus Life share price came after the company announced that it has received approval from United States Food and Drug Administration (USFDA) to conduct Phase II(b) clinical trial for Usnoflast, a novel oral NLRP3 inflammasome inhibitor in patients with Amyotrophic Lateral Sclerosis (ALS). READ MORE

 

2:40 PM

Stock Market LIVE Updates: BSE stock hits new high, up 140% in less than six months; what lies ahead?

Stock Market LIVE Updates: BSE stock has witnessed a phenomenal 140 per cent rally on the bourses since the end of July 2024. The stock from levels of Rs 2,556 has soared to hit a new high of Rs 6,133 on Monday. Over the last four years, BSE has zoomed almost 3,200 per cent or grown 33-fold from levels of Rs 185.

As of 12.20 PM, BSE stock had pared gains and slipped into red, down 09 per cent at Rs 5,945, in intra-day deals on Monday. The counter had seen trades of around 900,000 shares on the NSE, and its market cap stood around Rs 80,600 crore. READ MORE

 

2:30 PM

Stock Market LIVE Updates: Nazara raises Rs 495 cr from existing investors, deal to trigger open offer

Stock Market LIVE Updates: Nazara Technologies today informed that it has raised Rs 495 crore from existing investors Arpit Khandelwal, Founder & Managing Partner of Plutus Wealth Management LLP, and Mithun Sacheti, Founder of Caratlane, with the investors acquiring another 5.40 per cent stake in the company.

The company, in an exchange filing, said, "The transaction involves a significant investment of INR 495 crores by Axana Estates LLP, with the stake increase triggering a mandatory open offer...". 

The company said, "Axana Estates LLP, whose designated partners include Arpit Khandelwal and Mithun Sacheti, will infuse INR 495 crores into the Company to acquire ~5.40% stake through a preferential issue of equity shares at a price of INR 990 per share. This transaction has been approved by the Company’s board and is subject to shareholder and regulatory approvals. The issued shares will comply with SEBI (ICDR) Regulations, 2018, including lockin requirements".

It added that Plutus Wealth Management LLP and Axana Estates LLP, along with PACs, will launch a public open offer to acquire an additional 26 per cent stake in
Nazara, subject to regulatory approvals and completion of the open offer process.

Post the transaction, and assuming full acceptance of the open offer, the total shareholding of Acquirers and PACs, along with the existing promoters (Vikash & Nitish Mittersain) and promoter group, is expected to be approximately 61.5 per cent of the Company.

 

2:22 PM

Stock Market LIVE Updates: Last Day! Stallion India IPO ends today; subscription at 77x, GMP up 48%

Stock Market LIVE Updates: Stallion India IPO has seen a robust demand, with the issue being subscribed 77.13 times on Day 3 (last day) by 12:15 PM.

Non-institutional investors (NIIs) have shown major interest in Stallion India IPO, subscribing at 216.08 times, while Retail investors have subscribed at 60.31 times. Qualified institutional buyers (QIBs), meanwhile, have subscribed 2.35 times.
 

Meanwhile, on Day 2, Stallion India IPO was subscribed 32 times. READ MORE

 

2:16 PM

Stock Market LIVE Updates: Zydus Life up 2% on USFDA nod for Phase II(b) clinical trial for Usnoflast

Zydus Life share price: Pharmaceutical company Zydus Life shares rose up to 1.93 per cent to hit an intraday high of Rs 1,013.35 per share on Monday, January 20, 2025. 

 

The rise in the Zydus Life share price came after the company announced that it has received approval from United States Food and Drug Administration (USFDA) to conduct Phase II(b) clinical trial for Usnoflast, a novel oral NLRP3 inflammasome inhibitor in patients with Amyotrophic Lateral Sclerosis (ALS).  Read more

2:03 PM

Stock Market LIVE Updates: Swan Defence shares relists on NSE, BSE, freezes at 5% upper circuit

Stock Market LIVE Updates: Swan Defence and and Heavy Industries Limited (SDHI) share price today relisted on the bourses on Monday, January 20, 2025. Swan Defence, which had acquired Reliance Naval and Engineering, opened at Rs 35.99 on the BSE, and moved higher to lock in the 5 per cent upper circuit band at Rs 37.78 on the BSE. READ MORE

1:56 PM

Stock Market LIVE Updates: Hindenburg refutes 'hedge fund' links, says not under US SEC probe

Stock Market LIVE Updates: US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. "Hindenburg is not under investigation by the SEC, to our knowledge, and any suggestion to the contrary is false," the firm said after a Canadian portal cited documents filed before a court in Ontario to allege that its founder Nate Anderson was under cloud for alleged links with hedge funds. READ MORE

1:41 PM

Stock Market LIVE: Cyient expands tie up with Deutsche Aircraft; bags deal for D328eco technical records

Stock Market LIVE Updates: - Cyient informed today that it has expanded its strategic partnership with Deutsche Aircraft, a leading German regional aircraft manufacturer.

Cyient has been awarded a multi-year contract to manage the advanced technical documentation to support the product lifecycle of safety-critical aviation systems for the 40-seater regional turboprop the D328eco, the company said in an exchange filing. 

The solution will support Deutsche Aircraft's global customer base with a modular and scalable architecture, personalised user experience, faster time to market, and worldwide access through any device, it added. 

 

1:36 PM

Stock Market LIVE Updates: Mangalore Refinery and Petrochemicals' Q3 profit falls 21.4% YoY to Rs 304.06 crore

Stock Market LIVE Updates: Mangalore Refinery and Petrochemicals today announced its Q3 results.

The company's Q3FY25 total income declined 9.75 per cent YoY to Rs 25,634.10 crore, from Rs 28,403.95.

The company's profit before tax declined 20.6 per cent to Rs 469.35 crore, from Rs 591.15 in the year ago period.

The company's profit for the period declined 21.4 per cent YoY to Rs 304.19 crore, from Rs 387.06 crore in the year ago period.

 

1:30 PM

Stock Market LIVE Updates: Upcoming IPO! Veritas Finance files DRHP for Rs 2,800-cr offering with Sebi

Stock Market LIVE Updates:  Veritas Finance, a retail-focused non-bank finance company (NBFC), has filed its Draft Red Herring Prospectus (DRHP) with markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO).

 

Veritas Finance, which a non-deposit taking NBFC, registered with the Reserve Bank of India (RBI) as a ‘middle layer’ NBFC, provides small business loans to micro, small and medium enterprises (MSMEs) and self-employed individuals. It has also diversified its portfolio towards home loans and used commercial vehicle loans over the years. READ MORE

 

 

1:21 PM

Stock Market LIVE Updates: Waaree Renewable Technologies gains 7%; here's what is boosting rally

Stock Market LIVE Updates: Waaree Renewable Technologies shares jumped 7 per cent in Monday's trade on BSE, logging an intraday high at Rs 1,118 per share. The buying interest in the stock came after the company received a letter of intent (LOI) from a leading wind energy company.

Around 12:31 PM, Waaree Renewables share price was up 6.7 per cent at Rs 1,114.35 per share on BSE. In comparison, the BSE Sensex was up 0.79 per cent at 77,222.51. The market capitalisation of the company stood at Rs 11,616.72 crore. The 52-week high of the stock was at Rs 3,037.75 per share and the 52-week low was at Rs 530.02 per share. READ MORE

 

1:11 PM

Stock Market LIVE Updates: United Breweries stock rallies 6% on resumption of beer supply to TGBCL

Stock Market LIVE Updates: Shares of United Breweries (UBL) rallied 6 per cent to Rs 2,072 on the BSE in Monday’s intra-day trade after the company informed that it has decided to resume the supply of its beer to Telangana Beverages Corporation Limited (TGBCL) with immediate effect.

 

UBL, in an exchange filing, said it has been in talks with TGBCL, and these discussions have been constructive. TGBCL has assured the company to address its issues on pricing and outstanding payments in a time bound manner, UBL said. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty hold higher levels

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

At 1 PM, the BSE Sensex was higher by 511.18 points, or 0.67 per cent, at 77,130.51, and the Nifty50 was at 23,337.75, ahead by 134.55 points, or 0.58 per cent.

 

12:58 PM

Stock Market LIVE Updates: Nisus Finance buys two prime location properties in Dubai; adds $55 mn to fund AUM

Stock Market LIVE Updates: Nisus Finance Services Co, an investment management firm with a focus on urban infrastructure, informed today about the acquisition of two Grade A residential properties in Dubai’s thriving neighbourhoods—Jumeirah Village Circle (JVC) and Al Furjan. 

The company, in an exchange filing, said these acquisitions have been facilitated through the Nisus High Yield Growth Fund Closed-Ended IC, registered in the Dubai International Financial Centre (DIFC).

"These strategic investments contribute USD 55 million to the assets under management (AUM) of the Nisus High Yield Growth Fund Closed-Ended IC, underscoring its robust growth and positioning it as a key player in the region," it added.

 

12:49 PM

Stock Market LIVE Updates: Sigachi Industries shares zoom 7% after net profit soars 27% in Q3 results

Stock Market LIVE Updates: Sigachi Industries share price jumped 7.08 per cent at Rs 55.66 a piece on the BSE in Monday’s intraday trade. This came after the company reported a considerable rise in its profit for the third quarter of the financial year 2024-25 (Q3FY25). 

 

The pharmaceutical company reported a 27.36 per cent increase in its consolidated net profit, reaching Rs 20.51 crore for Q3FY25, compared to Rs 16.10 crore in the same quarter last year. However, the profit declined by 2 per cent on a sequential basis. 

 

The revenue from operations for the quarter stood at Rs 139.41 crore, marking a 25.65 per cent year-on-year (Y-o-Y) increase and an 11.61 per cent growth quarter-on-quarter (Q-o-Q). Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose by 46.90 per cent Y-o-Y, with Ebitda margins improving by 343 basis points to 23.81 per cent in Q3FY25. READ MORE

 

12:37 PM

Stock Market LIVE Updates: Advait Energy gets LoA for setting up 200 MW capacity Alkaline Electrolysers

Stock Market LIVE Updates: Advait Energy Transitions informed today that it has received a letter of award from Solar Energy Corporation of India, for setting up manufacturing capacities of 200 MW of Alkaline Electrolysers in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, from the Solar Energy Corporation of India. 

The company, in an exchange filing, said, "We wish to further inform you that Advait Energy Transitions Limited (Formerly known as Advait Infratech Limited) (the “Company”) has received Letter of Award (LOA) from Solar Energy Corporation of India Limited for Product Linked Incentive (PLI) for Setting up Manufacturing capacities of 200 MW of Alkaline Electrolysers in India under Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Tranche – II)"

 

12:30 PM

Stock Market LIVE Updates: Indian Hotels drops 4% on profit booking, rich valuations post strong Q3

Stock Market LIVE Updates: Hospitality industry company Indian Hotels shares declined up to 4.23 per cent on Monday, January 20, 2025, hitting an intraday low of Rs 779.35 per share, amid profit booking. 

Earlier in the day, the Indian Hotels share rose as much as 2.60 per cent to hit an intraday high of Rs 835 per share.
 

Chokkalingam G, the founder of Equinomics Research, mentioned that the valuation of Indian Hotels was a little stretched at 43 times enterprise value (EV) to earnings before interest, tax, depreciation and amortisation (Ebitda), which led to a major correction despite the impressive Q3FY25 results. READ MORE