Stock Market Close Highlights: Sensex up 3rd day, gains 227 pts; Nifty at 23,249; TaMo sinks 7%

Markets Today Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent

4:05 PM

Stock Market LIVE Updates: Technical view

"The Nifty remained volatile within a defined range on expiry day. The daily RSI is in a bullish crossover, signifying strong momentum. However, the index is facing resistance near the upper boundary of the falling wedge as well as the 21EMA on the daily timeframe, suggesting a possible retracement in the near term.

- Support is seen at 23,200, and a break below this level could trigger a decline towards 23,000. On the other hand, a decisive move above 23,300 might push the index towards 23,500."

Views By: Rupak De, Senior Technical Analyst at LKP Securities. 

3:46 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Indian markets concluded on a positive note despite fluctuating between gains and losses. The fall in oil prices due to a rise in US inventories and an ease in US 10-year yield after the US Fed's hawkish view may decelerate FIIs outflow.

The upcoming budget may be seen as an inflection point, which is likely to reverse the current bearish trend if the policies restore growth and consumption. As the long-term story is intact, investors are focusing on stocks and sectors where operational metrics and valuations are favourable.

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

 

3:43 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap ended flat. 

 

3:42 PM

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

Stock Market LIVE Updates: BEL, Hero MotoCorp, Power Grid were among the top gainers on Nifty50. 

3:39 PM

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

Stock Market LIVE Updates: Bharti Airtel, Power Grid, Bajaj Finance were among the top gainers on Sensex. 

 

3:38 PM

Stock Market LIVE Updates: Nifty closes 86.4 pts higher at 23,249.50

Stock Market LIVE Updates: NSE Nifty closed 86.4 points or 0.37 per cent higher at 23,249.50.

 

3:36 PM

Stock Market LIVE Updates: Sensex closes 226.85 pts higher at 76,759.81

Stock Market LIVE Updates: BSE Sensex closed 226.85 points or 0.30 per cent higher at 76,759.81.

 

3:25 PM

Stock Market LIVE Updates: Unicommerce Esolutions surges 5% after deal win from Reid & Taylor Apparel

Stock Market LIVE Updates: Unicommerce Esolutions share price gained 4.71 per cent at Rs 144.40 a piece on the BSE in Thursday’s intraday trade after announced that Reid & Taylor Apparel has implemented Unicommerce’s multi-channel order management, warehouse management, and omnichannel retail management systems, knitting Reid & Taylor Apparel’s website, warehouses, physical stores, and other online platforms in one integrated network. 

With this, Reid & Taylor Apparel will be able to seamlessly automate order processing across all these customer touchpoints using Unicommerce’s unified dashboard, Unicommerce Esolutions said.  Read more 

3:19 PM

Stock Market LIVE Updates: Here's what to expect from Vedanta Q3 results

Stock Market LIVE Updates: Mining giant Vedanta will announce its December quarter of financial year 2025 (Q3FY25) results on Friday, January 31, 2025. A day ahead of the results, Vedanta shares were in demand, as the scrip rose up to 1.62 per cent to hit an intraday high of Rs 437.60. 

Vedanta's Q3 FY25 earnings are expected to reflect strong performance across several key segments, driven by higher commodity prices. Read more 

3:12 PM

Stock Market LIVE Updates: This smallcap stock surges 21% in 2 days; zooms 101% against issue price

Stock Market LIVE Updates: Shares of Blue Jet Healthcare hit a new high of Rs 695.55, and were locked in the 10 per cent upper circuit on the BSE in Thursday’s intra-day trade amid heavy volumes on the back of robust earnings.

The company reported 208 per cent year-on-year (Y-o-Y) jump in profit after tax at Rs 99.0 crore in the December quarter (Q3FY25). This smallcap pharmaceutical company had posted PAT of Rs 32.1 crore in Q3FY24. Read more 

 

3:03 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty shed gains, trade flat

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading marginally higher after paring most of their gains on monthly expiry day on Thursday.

 

At 3 PM, the BSE Sensex was higher by 16.27 points, or 0.02 per cent, at 76,549.23, and the Nifty50 was higher by 29.65 points, or 0.13 per cent, at 23,192.75.

2:57 PM

Stock Market LIVE Updates: Domestic funds' stake in this stock up over 2900% in FY25; check full list

Stock Market LIVE Updates: Domestic funds, a combination of mutual funds and insurance companies, have hiked their stake in select stocks by as much as 3000 per cent in the current fiscal year 2024-25 (FY25), data from ACE equity shows.

Topping the list is Lloyds Metals, where the domestic funds' stake has gained a whopping 2,915 per cent thus far in FY25. In the 9-month period of FY25, DIIs have net bought around 8.5 million shares of Lloyds Metals, thus taking their stake in the company up from 0.06 per cent to 1.67 per cent. READ MORE

 

2:51 PM

Stock Market LIVE Updates: GAIL (India) profit after tax rises 36% YoY to Rs 3,867.38 crore vs Rs 2,842.62 QoQ

Stock Market LIVE Updates: Revenue from Operations stood at Rs 34,957.76 crore, vs Rs 34,253.52 crore YoY; and Rs 32,930.72 crore QoQ

Profit Before Tax stood at Rs 5,028.75 crore, vs Rs 3,693.99 crore YoY; and Rs 3,453.12 QoQ

Net Profit after tax came in at Rs 3,867.38 crore, vs Rs 2,842.62 crore YoY; and Rs 2,671.93 crore QoQ

 

2:42 PM

Stock Market LIVE Updates: SRF up 5% post Q3 results; rallies 25% so far in January, nears record high

Stock Market LIVE Updates: SRF share price: Shares of SRF hit a 52-week high of Rs 2,789.10, as they rallied 5 per cent on the BSE in Thursday’s intra-day trade. The run-up in the company's stock came after it reported an improvement in earnings with a 7 per cent year-on-year (YoY) rise in consolidated profit after tax (PAT) at Rs 270 crore for the quarter ended December 2024 (Q3FY25). The company had posted PAT of Rs 253 crore in the year-ago quarter (Q3FY24).

Thus far in the month of January, SRF has outperformed the market by surging 25 per cent, compared to the 2 per cent decline in the BSE Sensex. Today, the stock surpassed its previous high of Rs 2,697.45 touched on May 3, 2024. It is now inching towards its all-time high level of Rs 2,864.35 hit on September 14, 2022. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Adani Enterprises Q3 net profit drops 97% annually to Rs 57.83 crore

Stock Market LIVE Updates: Revenue from Operations stood at Rs 22,848.42 crore, vs Rs 25,050.23 crore YoY; and Rs 22,608.07 crore QoQ

Profit before tax came in at Rs 575.56 crore, vs Rs 2,359.56 crore YoY; and Rs 2,408.89 crore QoQ

Net Profit attributable to owners of the company stood at Rs 57.83 crore, vs Rs 1,888.45 YoY; and Rs 1,741.75 crore QoQ

 

2:26 PM

Stock Market LIVE Updates: Malpani Pipes IPO Day 2 update; subscription surpasses 13x, GMP up 30%

Stock Market LIVE Updates:  The unlisted shares of Malpani Pipes & Fittings continue to command a strong premium in the grey market as the company's initial public offering (IPO) enters its second day of subscription. The SME IPO consists of a fresh issue of 2.88 million equity shares, offered in a price band of Rs 85-90 per share, with a lot size of 1,600 shares. Thus, investors bidding for a minimum lot of Malpani Pipes IPO would require an investment of Rs 1,44,000.

Malpani Pipes has garnered a decent response from investors for its public offering, with the issue oversubscribed nearly 13 times as of 11:29 AM on Thursday, January 30, 2025. Rs 25.92 crore offering is being managed by Interactive Financial Services as the sole book-running lead manager, while Bigshare Services serves as the registrar. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Olectra Greentech soars 14% as Q3 PAT up 72%; charts show more gains ahead

Stock Market LIVE Updates: Olectra Greentech share pricetoday rallied nearly 14 per cent on the stock exchanges in the intraday trade, after the company reported its December quarter results post market hours on Wednesday.

At 11:55 AM, Olectra Greentech share price was quoting 11.4 per cent higher at Rs 1,475.8 per share as against a 0.35 per cent rise in the benchmark BSE Sensex index. Olectra Greentech share hit an intraday high of Rs 1,507 per share, up 13.7 per cent in the BSE.
 

In Q3FY25, Olectra Greentech reported a consolidated net profit of Rs 46.33 crore, up 71.7 per cent over a profit of Rs 26.98 crore reported in the corresponding quarter last year. On a sequential basis, however, net profit dipped slightly from Rs 47.56 crore seen in Q2Y25. READ MORE

 

 

2:09 PM

Stock Market LIVE Updates: Coforge share price drops 4% as ex-dividend date kicks in; details here

Stock Market LIVE Updates: Shares of Computers - Software & Consulting firm Coforge slipped 3.89 per cent to the intra-day low of Rs 8,406 on the National Stock Exchange (NSE) during intra-day trade on Thursday, January 30, 2025. The drop in the company's share price aligns with the dividend announcement it has made for its shareholders, as the company's shares trade ex-dividend today.

 

Earlier, in an exchange filing dated January 23, Coforge informed that its Board has declared a third interim dividend of Rs 19 per equity share of the company, having a face value of Rs 10 each fully paid-up, for the financial year 2024-25. The record date, the company said, is also set for today, January 30, for the purpose of ascertaining the eligibility of shareholders for payment of the third interim dividend. READ MORE

2:04 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade nearly flat on monthly expiry day

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading marginally higher, after paring their gains on monthly expiry day on Thursday.

At 2 PM, the BSE Sensex was higher by 26.33 points, or 0.03 per cent, at 76,559.29, and the Nifty50 was higher by 27.25 points, or 0.12 per cent, at 23,190.35.

 

1:55 PM

Stock Market LIVE Updates: Restaurant Brands Asia slumps 4% after net loss widens to Rs 50 cr in Q3

Stock Market LIVE Updates: Restaurant Brands Asia share price gained 3.74 per cent at Rs 69.41 a piece on the BSE in Thursday’s intraday trade after the company’s net loss surged for the third quarter of financial year 2024-25 (Q3FY25). 

 

Restaurant Brands Asia, the operator of Burger King and Popeyes in India, reported a wider net loss of Rs 50.3 crore for Q3 FY25, compared to a Rs 36 crore loss in the same period last year. During the three months ending December 2024, the company’s revenue grew 5.8 per cent Y-o-Y to Rs 639 crore, up from Rs 604 crore in the corresponding quarter of the previous fiscal.  READ MORE

 

1:45 PM

Stock Market LIVE Updates: Sensex, Nifty PE dips below 10-year average. Time ripe for cherry-picking?

Stock Market LIVE Updates: The sharp fall in the frontline benchmarks – Sensex and the Nifty 50 – of 11 per cent and 12 per cent, respectively from their peak levels in the last few months has seen their valuation as measured by the price-to-earnings (PE) ratio on a trailing 12-month (TTM) basis dip below the 5-and 10-year averages.
 

The Sensex is trading at TTM PE of 22.2x at the current levels as compared to its 5-and 10-year average of 25.4x and 27.5x, respectively. The Nifty 50, on the other hand, is trading at a TTM PE multiple of 21.7x as compared to its 5-and 10-year average of 23.9x and 26.7x, respectively. READ MORE

 

 

1:38 PM

Stock Market LIVE Updates: Adani Ports reports Q3 profit at Rs 2,518.39 crore, up 14% vs Rs 2,208.21 crore YoY

Stock Market LIVE Updates: Revenue from Operations at Rs 7,963.55 crore, vs Rs 6,920.10 crore YoY; and Rs 7,067.02 crore QoQ

Profit before tax at Rs 3,019.87 crore vs Rs 2,741.33 crore YoY; and Rs 2,885.17 crore QoQ

Profit for the period at Rs 2,518.39 crore, vs Rs 2,518.39 crore YoY; and Rs 2,412.54 crore QoQ

 

1:34 PM

Stock Market LIVE Updates: This smallcap IT stock jumps 20% after co swings into profits in Q3 results

Stock Market LIVE Updates: 3i Infotech share price gained 19.98 per cent at Rs 31.46 a piece on the BSE in Thursday’s intraday trade after the company posted a turnaround in the bottom-line for the third quarter of financial year 2024-25 (Q3FY25). 

 

3i Infotech, an information technology (IT) company reported a wider net profit of Rs 40.6 crore for Q3 FY25, compared to a Rs 29.4 crore loss in the same period last year. During the three months ending December 2024, the company’s revenue declined 15 per cent Y-o-Y to Rs 180 crore, from Rs 212 crore in the corresponding quarter of the previous fiscal. READ MORE

 

 

1:29 PM

Stock Market LIVE Updates: Bajaj Finserv Q3 profit up 3% to Rs 2,231 cr, net income drop 20%

Stock Market LIVE Updates: Bajaj Finserv on Thursday reported a marginal 3.4 per cent rise in consolidated net profit at Rs 2,231 crore, from Rs 2,157.67 crore reported during the same period last year. BFS’s consolidated interest income however fell by 20 per cent year-on-year (Y-o-Y) to Rs 13,922.38 crore from Rs 17,408.60 crore.

The company also approved the appointment of Ramandeep Singh Sahni as chief financial officer and whole-time key managerial personnel, effective February 1, 2025. He will replace S Sreenivasan, who will step down as CFO on January 31, 2025. However, Shri Sreenivasan will remain with the company in a leadership role as president (insurance and special projects). Read more 

1:26 PM

Stock Market LIVE Updates: G R Infraprojects shares jump 9% after order win from Western Railway

Stock Market LIVE Updates: G R Infraprojects share price gained 8.99 per cent at Rs 1,374.20 a piece on the BSE in Thursday’s intraday trade after the company emerged as the L-1 bidder for a Rs 262.28 crore railway infrastructure project awarded by Western Railway. 

 

The EPC contract involves the gauge conversion of 38.9 km of track in the Kosamba-Umargam section of the Vadodara division, including associated civil works such as earthwork, blanketing, bridges, platforms, station amenities, water supply, and sanitation facilities, the company said in an exchange filing on Wednesday. Read more

1:16 PM

Stock Market LIVE Updates: KPI Green share was locked in 5% upper circuit

Stock Market LIVE Updates: KPI Green shares were buzzing in trade on Thursday, January 30, 2025, as the scrip was locked in 5 per cent upper circuit at Rs 349.95 apiece.

 

The uptick in KPI Green share price came after the company announced that it has signed Contract Agreement with Coal India Limited to develop a 300 MWAC grid-connected ground-mounted solar PV plant with Operation & Maintenance (O&M) services for five years at GIPC  L’s Solar Park in Khavda, Gujarat. Read more 

1:08 PM

Stock Market LIVE Updates: Sebi cracks down on 'finfluencers' with new rules on stock education

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has delivered a major blow to financial influencers (finfluencers) by restricting their use of live stock market data in educational content. Under the new rule, announced through a circular on late Wednesday evening, stock market educators can only use stock prices with a three-month lag, effectively preventing them from offering real-time trading tips disguised as education.

This move is expected to end the illegal advisory businesses that many finfluencers operate without Sebi registration. Sebi first restricted associations between registered and unregistered entities in its October 2024 circular, and the latest update on January 29 further tightens the rules. Read more 

1:00 PM

Stock Market LIVE Updates: Blue Star gains 9% in early trade but pare gains soon after posting Q3 nos

Stock Market LIVE Updates: Blue Star shares rose 9.3 per cent on Thursday, logging an intraday high at Rs 1,997.4 per share. However, the stock pared gains soon and slipped 3 per cent to an intraday low of Rs 1,772.15 per share. The stock moved after the company posted its Q3 results. 

 

Around 12:30 PM, Blue Star share price was down 1.09 per cent at Rs 1,807.35 per share on BSE. In comparison, the BSE Sensex was up 0.38 per cent at 76,824.96. Read more 

12:51 PM

Stock Market LIVE Updates: Info Edge stock split news: naukri.com parent shares gain 3%; check details

Stock Market LIVE Updates: Info Edge (India), parent of naukri.com, shares gained 2.7 per cent on Thursday, logging an intraday high at Rs 7654.75 per share. The upmove in the stock came after the company's board to consider a stock split on February 5, 2025.

Around 11:50 AM, Info Edge share price was up 2.64 per cent at Rs 7,645 per share on BSE. In comparison, the BSE Sensex was up 0.33 per cent at 76,788.31. The market capitalisation of the company stood at Rs 99,067.06 crore. The 52-week high of the stock was at Rs 9,194.95 per share and the 52-week low was at Rs 4,871.20 per share. READ MORE

 

12:44 PM

Stock Market LIVE Updates: Axis Securities maintains 'BUY' rating on Bajaj Finance; rises TP to 9,050

Stock Market LIVE Updates: Est. Vs. Actual for Q3FY25: NII – Inline ; PPoP – Inline ; PAT – BEAT

Changes in Estimates post Q3FY25: FY25E/FY26E/FY27E (%): NII : 1.1/1.3/1.3; PPoP: 1.5/1.2/0.7; PAT: 2.7/1.2/0.6

Current Valuation: 4.7x Sep’26E ABV; Earlier Valuation: 4.0x Sep’26E ABV

Current TP: Rs 9,050/share; Earlier TP: Rs 7,655/share

Recommendation: We maintain our BUY recommendation on the stock.

 

Company Guidance and Outlook: The management has guided AUM/Earnings growth of 25 per cent/20-23 per cent in FY26, with credit costs remaining at <2 per cent. We believe the ambitious target spelt out by the company in its LRS 25-29 would be achievable given the management’s impeccable execution prowess. 

The decision on the management transition (expected in Q4FY25) would remain a key monitorable. 

With CoF having peaked out, we expect NIMs to remain stable until the rate cut cycle, with the management prioritising protecting NIMs over growth. The management expects operating leverage to play out, thereby gradually improving Opex ratios. The company will continue to invest in branches. 

However, headcount addition would be meaningfully lower. With asset quality stress receding, we expect credit costs to moderate, thereby gradually supporting earnings growth for BAF. 

We expect RoA/RoE to remain steady between 4.4-4.5 per cent/20-23 per cent over FY25-27E.