Stock Market Close Highlights: Sensex bounces back, gains 535pts as banks rally; Nifty at 22,957

Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent

Stock Market Hightlights, Tuesday, January 28, 2025: The benchmark equity indices BSE Sensex and NSE Nifty50 settled in positive territory on Tuesday. The 30-share Sensex added 535.24 points or 0.71 per cent to settle at 75,901.41. The index traded in the range of 76,512.96 - 75,622.88 today. 

 

Similarly, the NSE Nifty50 settled in the green at 22,957.25 with gains of 128.10 points or 0.56 per cent. Nifty50 was seen at the day's high of 23,137.95, while the day's low was quoted at 22,857.65. 

 

28 out of the 50 constituent stocks of Nifty50 settled in the green with gains led by Bajaj Finance, Axis Bank, Shriram Finance, Bajaj FinServ, and HDFC Bank with gains extending up to 4.32 per cent. Sun Pharma, Hindalco, Britannia Industries, Bharat Electronics, and Grasim, on the other hand, were among the 22 constituent stocks of Nifty50 that ended in red with losses extending up to 4.24 per cent. 

Among the broader markets, Nifty Midcap100 and Nifty Smallcap 100 indices ended down by 0.51 per cent and 1.81 per cent, respectively.

 

Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent. Among others, Nifty Realty index ended higher by over 2 per cent, whereas Nifty Financial Services, and Auto indices ended with gains of over 1 per cent each.  Nifty FMCG, IT, Pharma, Healthcare, and Consumer Durables were among the sectoral indices on the NSE that ended in red with losses extending up to 2.33 per cent.

 

 

4:00 PM

Stock Market LIVE Updates: Expert view

Stock Market LIVE Updates: Markets witnessed volatility but managed to close in positive territory, taking a breather after Monday’s decline. Despite weak global cues, the benchmark displayed resilience, inching higher for most of the session. However, a sharp dip in the final half-hour erased a significant portion of the gains. Ultimately, the Nifty index settled at 22,957.25, up 0.56 per cent. 
 

On the sectoral front, rate-sensitive sectors like realty, banking, and auto outperformed, driven by the RBI’s announcement of measures to enhance liquidity. Conversely, pharma and energy sectors faced selling pressure. Broader markets continued to underperform, with the midcap index losing nearly half a percent and the small-cap index declining by about two percent.
 

Markets have repeatedly struggled to sustain recovery attempts, and this session was no exception. Ongoing caution ahead of the Union Budget, a mixed earnings season, and weak global cues are further unsettling participants. We maintain our “sell on rise” stance for the index and emphasize the importance of robust risk management, particularly in broader market segments like midcaps and small caps, while awaiting clearer signals.

View by Ajit Mishra – SVP, Research, Religare Broking Ltd

3:59 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The national benchmark indices demonstrated optimism today, primarily driven by gains in the banking sector following the RBI's announcement of open market interventions to address liquidity concerns.  Large-cap stocks outperformed, as their valuations have now reached fair levels and are further supported by expectations that the market correction is nearing its bottom. In contrast, mid- and small-cap stocks continued to decline, as they remain overvalued. However, volatility is expected to remain elevated in the near-term in anticipation of the upcoming Union Budget, the FOMC meeting, and the F&O expiry.

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

3:43 PM

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

Stock Market LIVE Updates: Bajaj Finance, Axis Bank, Shriram Finance were among the top gainers on Nifty. 

3:41 PM

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

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

 

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap finishedin red. 

3:37 PM

Stock Market LIVE Updates: Nifty 50 settles 128.10 pts higher at 22,957.25

Stock Market LIVE Updates: NSE Nifty 50 closes 128.10 points or 0.56 per cent higher at 22,957.25. 

3:35 PM

Stock Market LIVE Updates: Sensex ends 535.24 pts higher at 75,901.41

Stock Market LIVE Updates: BSE Sensex closes 535.24 points or 0.71 per cent higher at 75,901.41.

 

3:33 PM

Stock Market LIVE Updates: Apar Industries shares tank 20% on disappointing December quarter results

Stock Market LIVE Updates: Shares of Apar Industries tanked 20 per cent to Rs 7,173 on the BSE in Tuesday’s intra-day trade in an otherwise firm market after the company reported a 19.7 per cent year-on-year (YoY) decline in profit after tax (PAT), at Rs 175 crore in the December 2024 quarter (Q3FY25). 

The stock hit a seven month low, and was trading at its lowest level since June 2024. It slipped 39 per cent from its 52-week high level of Rs 11,797.25, on January 8, 2025. In comparison, the BSE Sensex was up 1.1 per cent at 76,197 at 01:26 PM. Read more 

3:31 PM

Stock Market LIVE Updates: Arvind Q3 profit jumps 13% on strong festive demand for textiles

Stock Market LIVE Updates: Indian clothing retailer Arvind Ltd reported a 13 per cent rise in its third-quarter profit on Tuesday, boosted by strong demand for textiles during the festive season.

 

The company, which retails international brands including Tommy Hilfiger, Arrow, and Calvin Klein, posted a consolidated net profit of Rs 103 crore ($11.90 million) in the quarter ended Dec. 31, up from Rs 91.7 crore a year earlier. Read more

3:15 PM

Stock Market LIVE Updates: Cipla Q3 result: PAT soars 48.7% to Rs 1,570.5 cr , revenue grows 7.1%

India’s third-largest pharmaceutical company, Cipla, posted a 48.7 per cent year-on-year (Y-o-Y) growth in its consolidated profit after tax (PAT) at Rs 1,570.5 crore for Q3FY25, while revenue from operations during the period grew by 7.1 per cent to Rs 7,073 crore.

 

Sequentially, revenue from operations grew by 0.3 per cent, while PAT rose by 20.6 per cent.

 

Cipla's stock was up 3 per cent during the day’s trade on the BSE in the afternoon.

 

The firm’s Ebitda (earnings before interest, tax, depreciation, and amortisation) increased by 14.4 per cent Y-o-Y, reaching Rs 2,210.5 crore. Profit exceeded Bloomberg estimates by 0.26 per cent, while revenue was in line with expectations. Read more

3:00 PM

Stock Market LIVE Updates: Tata Motors Q3 Preview; here's what to expect from auto major in Dec qtr

Automobile major Tata Motors is expected to announce its December quarter results on January 29, 2025. The company‘s Q3 performance is expected to show varied results across its segments, with revenue growth driven by the strength in JLR and the India passenger vehicle (PV) divisions. 

 

Analysts project a consolidated revenue of around Rs 1,12,248 crore-Rs 1,18,340 crore, reflecting a growth in the range of 1.5-7 per cent Y-o-Y. 

 

The profitability for the quarter may face challenges, with adjusted PAT forecasts indicating a 5-14 per cent Y-o-Y decline, reflecting weaker operating leverage and market conditions. Read more

2:45 PM

Stock Market LIVE Updates: Route Mobile shares down 5% after profit slips in Q3 results; revenue up 4%

Route Mobile share price slipped 5.46 per cent at Rs 1,134.10a piece on the BSE in Tuesday’s intraday trade after the company delivered a decline in net profit in the third quarter of financial year 2024-25 (Q3FY25). 

 

The company posted a 3.8 per cent year-on-year (Y-o-Y) increase in revenue from operations for Q3 FY25, reaching Rs 1,183.79 crore, compared to Rs 1,140.31 crore in Q3 FY24. 

 

However, total expenses rose by 17.1 per cent Y-o-Y to Rs 1,085.47 crore, up from Rs 927.22 crore in the same quarter last year. Due to higher expenses, the company’s profit for the period declined by 24.8 per cent Y-o-Y, coming in at Rs 85.47 crore, compared to Rs 113.64 crore in Q3 FY24. Read more

2:43 PM

Stock Market LIVE Updates: TVS Motor Q3 result; net profit up 20% at Rs 609.35 cr on higher sales

TVS Motor Company on Tuesday reported a 20 per cent rise in consolidated net profit to Rs 609.35 crore in the December quarter, riding on higher sales.

 

The company posted a consolidated net profit of Rs 509.61 crore in the same quarter last fiscal, TVS Motor Company said in a regulatory filing.

 

Consolidated revenue from operations in the third quarter stood at Rs 11,134.63 crore against Rs 10,113.94 crore in the year-ago period, it added.

 

Total expenses in the October-December quarter were higher at Rs 10,272.62 crore compared to Rs 9,362.83 crore in the same period a year ago. Read more

2:22 PM

Stock Market LIVE Updates: Tips Music falls 5% as stock trades ex-dividend date today; details

Stock Market LIVE Updates: Shares of media and entertainment company Tips Music fell 5.33 per cent to today's low of Rs 595.80 apiece on the National Stock Exchange (NSE) during intra-day deals on Tuesday, January 28, 2025. The fall in the company's share price aligns with its announcement of dividend rewards for its shareholders, as the company's shares turned ex-dividend today.

 

Notably, Tips Music, in an exchange filing, informed the bourses that its Board of Directors declared a third interim dividend for the financial year 2024-2025 of Rs 3 per equity share (i.e., 300 per cent) on the fully paid-up equity shares of the face value of Re 1 per share. The record date to determine the eligibility of shareholders' participation towards the payment of Interim Dividend is also today, January 28. READ MORE

 

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty maintain higher levels

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

At 2 PM, the BSE Sensex was higher by 885.31 points, or 1.17 per cent, at 76,251.48, and the Nifty50 was at 23,05.80, up 228.65 points, or 1 per cent.