Stock Market Closing Highlights: Sensex adds 234 points, Nifty at 23,708; Smallcap shares outperform

Markets Today Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

3:59 PM

Stock Market LIVE Updates: Technical View

Stock Market LIVE Updates: Nifty opened on a positive note and witnessed rangebound price action to close with  gains of 91 points. On the daily charts we can observe that the Nifty consolidated within the range of the previous trading session and thus making the extremes of the penultimate candle crucial levels to watch out for in the short term i,e 24,100 – 23,550. We expect the Nifty to consolidate between these extremes for the next few trading sessions. Sector rotation and stock specific action are likely during this phase. Daily and hourly momentum indicators suggest a pullback as they have a positive crossover. Immediate hurdle on the upside is 23,950 – 24,000 while support is placed at 23,550 – 23,500.

View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan.

3:47 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Amid positive global cues indicating no major concerns regarding HMPV, the domestic market partially recovered from yesterday's sharp sell-off but traded within a range ahead of the critical first advance estimates for India's FY25 gross domestic product (GDP). This comes in the context of moderated growth expectations, as the RBI recently revised its growth projection downwards. In the near term, the market is expected to remain cautious, awaiting signs of earnings recovery during the upcoming result season, while also dealing with ongoing FII selling which is driven by the strengthening dollar, rising US bond yields, and reduced expectations of further rate cuts.

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

3:46 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap was up 0.77 per cent and Smallcap closed over 1.74 per cent higher.

 

3:43 PM

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

Stock Market LIVE Updates: Tata Motors, Reliance Industries, ICICI Bank were among the top gainers on Sensex. 

 

3:41 PM

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

Stock Market LIVE Updates: ONGC, SBI Life, HDFC Life were among the top gainers on Nifty. Here is a heatmap 

 

3:39 PM

Stock Market LIVE Updates: Nifty finishes 91.85 pts higer at 23,707.9

Stock Market LIVE Updates: NSE Nifty50 ended 91.85 points or 0.39 per cent higher at 23,707.9.

 

3:33 PM

Stock Market LIVE Updates: Sensex closes 234.12 pts higher at 78,199.11

Stock Market LIVE Updates: BSE Sensex closed 234.12 points or 0.30 per cent higher at 78,199.11.

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3:27 PM

Stock Market LIVE Updates: Quadrant Future Tek IPO sees strong demand, 9x subscription; GMP soars 72%

Stock Market LIVE Updates: Quadrant Future Tek's initial public offering (IPO), which opened for public subscription today, has witnessed robust demand. The IPO has been oversubscribed by 9.56 times as of 01:49 PM on Tuesday, January 7, 2025. READ MORE 

3:22 PM

Stock Market LIVE Updates: Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra

Stock Market LIVE Updates: Vodafone Idea (Vi) CEO Akshaya Moondra has announced a phased rollout of 5G services along with innovative tariff plans tailored to meet diverse customer needs. In an email to customers, as reported by Moneycontrol, the telco stated plans to launch 5G services in 75 major cities, focusing on 17 priority circles and industrial hubs with high data consumption. READ MORE 

3:11 PM

Stock Market LIVE Updates: This Mukul Agrawal portfolio stock surges 10%; up 50% in less than 3 weeks

Stock Market LIVE Updates: Shares of PTC Industries hit a new high of Rs 17,166.85, as they surged 10 per cent on the BSE in Tuesday’s intra-day trade, extending its past three-day rally to almost 29 per cent rally on the back of healthy growth outlook. Since December 18, in less than three weeks, the market price of this BSE 500 company has zoomed 53 per cent from a level of Rs 11,231.85. 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 Nifty50 were trading higher, tracking overnight gains on the S&P 500 and Nasdaq amid positive global cues. 

At 3 PM, the BSE Sensex was higher by 278.57 points, or 0.36 per cent, at 78,243, while the Nifty50 was at 23,722.20, ahead by 106 points, or 0.45 per cent.

 

2:57 PM

Stock Market LIVE Updates: Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

Stock Market LIVE Updates: Recently-listed automobile giant Hyundai India share price was buzzing in trade on Tuesday, January 7, 2025, as the stock rose up to 2.61 per cent in intraday deals to a high of Rs 1,849 on BSE.

 

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with ‘Buy’ for target price of Rs 2,250. The target price reflects an upside of 24.87 per cent from the previous close of Rs 1,801.85 on January 6. READ MORE

 

 

2:53 PM

Stock Market LIVE Updates: Rudra Gas Enterprise bags Rs 13.67 crore pipeline-laying deal from BPCL

Stock Market LIVE Updates: Rudra Gas Enterprise today informed that it has received an order worth Rs 13.67 crore from Bharat Petroleum Corporation Limited (BPCL) to lay pipelines from "Mahicha Mirganj Bypass to Mohamadpur Gopalganj & Arar Gopalganj to Arya Petroleum BPCL including associated works".

The company, in an exchange filing, said, "We would like to voluntarily inform you that Rudra Gas Enterprise Limited (‘the Company’) has received an order dated 7th January, 2025 in the Normal / ordinary course of business from Bharat Petroleum Corporation Limited".

 

2:47 PM

Stock Market LIVE Updates: One Point One plans explores buying LATAM-based contact center for Rs 250-290 cr

Stock Market LIVE Updates: One Point One Solutions today informed that it has signed a non-binding term sheet with a LATAM based Contact center, a prominent customer engagement solutions provider. 

The company, in an exchange filing, said, "This term sheet outlines the intent of both the parties to explore a strategic acquisition with an enterprise value ranging between $30 million to $35 million (approximately Rs 250 crore to Rs 290 crore)".

The acquisition will add over 1,400 professionals to OPO’s workforce, and enhance its footprint in key high-growth regions, including Costa Rica, Panama and Colombia, the company added. 

The company further said that the target's expertise in AI-driven analytics, omnichannel customer engagement, and multilingual support will significantly broaden OPO’s service offerings.

 

2:36 PM

Stock Market LIVE Updates: Budget 2025: Your guide to AMFI's 15 mutual fund proposals for investors

Stock Market LIVE Updates: As the Union Budget for fiscal year 2025-26 approaches, the Association of Mutual Funds in India (AMFI) has presented a well-structured 13-point proposal aimed at enhancing the mutual fund industry and promoting investor participation. These recommendations include a request for restoration of long-term indexation benefit for debt schemes which was withdrawn in Budget 2024 and earlier tax rates on capital gains. READ MORE

 

2:31 PM

Stock Market LIVE Updates: Housing sales up 7% in 2024 across top 8 cities at 350K units: Knight Frank

Stock Market LIVE Updates: Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 350,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank.

Last month, real estate consultant Anarock had reported that housing sales declined 4 per cent in 2024 to nearly 460,000 units across seven major cities.

In a virtual conference on Tuesday, property consultant Knight Frank India Chairman and Managing Director Shishir Baijal noted that the Indian housing market saw a strong demand for homes priced between Rs 2-5 crore each. READ MORE
 

 

2:25 PM

Stock Market LIVE Updates: Laurus Labs hits 2-yr high on hopes of healthy earnings; up 44% in 3 months

Stock Market LIVE Updates: Shares of Laurus Labs hit an over two-year high at Rs 619.50, gaining 3 per cent on the BSE in Tuesday’s intra-day trade on  hopes of earnings improvement in the coming quarters. The stock of the pharmaceutical company was trading at its highest level since April 2022. It has rallied 44 per cent in the past three months. The stock hit a record high of Rs 723.55 on August 12, 2021. 

The board of directors of Laurus will meet on January 24, 2025, inter-alia to consider and approve the un-audited financial results of the company for the quarter ended December 31, 2024 (Q3). READ MORE

 

 

2:18 PM

Stock Market LIVE Updates: Zydus Lifesciences rises 5% on signing agreement with CVS Caremark; Details

Stock Market LIVE Updates: Zydus Lifesciences shares gained 5.2 per cent in Tuesday's trade on BSE, logging an intraday high at Rs 1,012 per share. The buying in the stock sparked after the company inked an agreement with CVS Caremark. CVS Caremark will add Zydus’ ZituvioTM and combination products to its template formulary starting January 1, 2025. 

 

Around 11:49 AM, Zydus Lifesciences shares were up 5.32 per cent at Rs 1,012.95 per share on BSE. In comparison, the BSE Sensex was up 0.38 per cent at 78,264.28. The market capitalisation of the company stood at Rs 1,01,866.1 crore. The 52-week high of the stock stood at Rs 1,323.9 per share and the 52-week low of the stock stood at Rs 685.85 per share. READ MORE

 

 

2:09 PM

Stock Market LIVE Updates: CLSA's upgrade to 'high conviction outperform' drives ONGC share 5% higher

Stock Market LIVE Updates: State-run Oil and Natural Gas Corporation (ONGC) shares were in demand on Tuesday, January 7, 2025, as the stock zoomed as much as  5.15 per cent to hit an intraday high of Rs 267.40 per share. 

 

The uptick in ONGC share price came after Hong Kong-based capital market firm CLSA upgraded ONGC to 'high-conviction outperform.' CLSA has set a price target of Rs 360 per share. The target price reflects an upside of 41.56 per cent from the previous close (January 6) of Rs 254.30. READ MORE

 

 

2:01 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher, tracking overnight gains on the S&P 500 and Nasdaq amid positive global cues. 

At 2 PM, the BSE Sensex was higher by 132 points, or 0.17 per cent, at 78,097, while the Nifty50 was at 23,689.45, ahead by 73 points, or 0.31 per cent.

 

1:55 PM

Stock Market LIVE Updates: Final Hours! Fabtech Tech IPO closes today: 252x subscription, GMP up 94%

Stock Market LIVE Updates: The unlisted shares of Fabtech Technologies commanded a solid premium in the grey market on the last day of the subscription window for its initial public offering (IPO).

 

The Rs 24.74 crore SME offering of Fabtech Technologies, which opened for subscription on Friday, January 3, 2025, is set to conclude today, Tuesday, January 7, 2025. Fabtech Technologies IPO, priced in a range of Rs 80-85 per share with a lot size of 1,600 shares, has been oversubscribed by 252.45 times, till around 12:09 PM, as of Friday, January 3, 2025. READ MORE

 

1:45 PM

Stock Market LIVE Updates: This small-cap defence stock has surged 48% in 10 days; more steam left?

Stock Market LIVE Updates:  Apollo Micro Systems share price was ruling higher in trade on Tuesday, January 7, 2025. The stock surged 7.2 per cent on the BSE today, hitting an intraday high of Rs 138. Including today’s gains, Apollo Micro Systems share price has zoomed 47.5 per cent over the past 10 sessions. By comparison, the benchmark BSE Sensex has dipped 0.1 per cent during the period. READ MORE

 

1:34 PM

Stock Market LIVE Updates: HMPV scare: Vijaya, Dr Lal Path, healthcare stocks in focus; Time to buy?

Stock Market LIVE Updates: Shares of hospitals and healthcare-related services were in demand for the second straight day on Tuesday following detection of HMPV cases in India. The first two cases were detected in Bangalore yesterday.

 

Human Metapneumovirus (HMPV), which causes respiratory illness and was recently identified in China and Malaysia. A total of 5 cases were detected in Karnataka, two in Tamil Nadu, and one in Gujarat, as of January 06. All 5 cases were detected in children. READ MORE

 

1:25 PM

Stock Market LIVE Updates: Kitex fixes Jan 17 as record date for 1:2 bonus issue; gets Sebi nod for allotment

Stock Market LIVE Updates: Kitex Garments today informed that it has received in-principle approval from the BSE and National Stock Exchanges, for the issue and proposed allotment of 13.30 crore shares as bonus shares in the ration of two new equity shares for every one existing equity share held by shareholders of the company.

The company also informed that it has set January 17 as the record date to determine the eligibility of shareholders for the issuance of the bonus shares, with January 20, set as the deemed date of allotment. 

The company, in an exchange filing, said, "We wish to inform you that the Company has received in-principle approval under Regulation 28(1) of SEBI (LODR) Regulations, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 31, 2024, for issue and proposed allotment of 13,30,00,000 Equity Shares of ₹ 1/- each as bonus shares in the ratio of 2 (Two) new equity shares of every 1 (One) existing equity share held in the Company.

Further, the Company has fixed Friday, January 17, 2025, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares.

The deemed date of allotment shall be Monday, January 20, 2025, for the purpose of allotment of said Bonus Shares of the Company". 

Further, these Bonus Shares will be made available for trading on the next working date of allotment, i.e, Tuesday, January 21, 2025, in accordance with SEBI circular dated September 16, 2024, it added.

 

1:20 PM

Stock Market LIVE Updates: Fertiliser stocks in focus; Chambal, RCF, Paradeep, UPL rally up to 7%

Stock Market LIVE Updates: Shares of fertiliser companies are in focus; they have rallied by up to 7 per cent on the BSE in Tuesday’s intra-day trade on expectations of healthy earnings growth in the quarter ended December 2024.

 

Rashtriya Chemicals & Fertilizers (Rs 179.85), Chambal Fertilisers & Chemicals (Rs 505.40), Paradeep Phosphates (Rs 128.20), UPL (Rs 547.35), National Fertilzers (Rs 118.95) and Deepak Fertilisers & Petrochemicals Corporation (Rs 1,204.70) were trading higher in the range of 4 per cent to 7 per cent in intra-day trade today. In comparison, the BSE Sensex was up 0.41 per cent at 78,286.67 at 11:43 AM. READ MORE

 

1:14 PM

Stock Market LIVE Updates: OK Play India completes Sohna, Haryana facility expansion; boosts capacity by 300%

Stock Market LIVE Updates: OK Play India today informed that it has completed the addition of Blow and Injection molding machines along with the balancing equipment and moulds at its toy manufacturing facility at Sohna, Haryana. 

The company, in an exchange filing, said, the completed capacity expansion has boosted its production capacity by over 300 per cent, thereby increasing its ability to meet growing demand and improving operational efficiencies.

The company, in an exchange filing, said, "We are pleased to inform you that the company has now completed its expansion program with the addition of Blow and Injection molding machines along with the balancing equipment and moulds etc. at its manufacturing facility located at Plot No.17-18, Roz Ka Meo, Industrial Estate, Sohna, Haryana. This capacity enhancement is expected to result in an increase in the production capacity of toys, playground equipment and children furniture by over 300 %, thereby strengthening our ability to meet the growing market demand and improve operational efficiencies". 

1:09 PM

Stock Market LIVE Updates: 'Real stock market money is with Gujjus.. Let that sink in': Nithin Kamath

Stock Market LIVE Updates: Mumbai and Ahmedabad, the two business-centric cities in India, account for nearly 80 per cent of equity delivery trades, discount broking firm Zerodha Co-Founder and Chief Executive Officer Nithin Kamath said in a social media post on Monday.

"Ahmedabad and Mumbai account for 80% of equity delivery trades. Let that sink in. Essentially, the real money is with Gujjus," Nithin Kamath said in a post on social media platform X, formerly known as Twitter.
 

Notably, Gujjus – a term used for Gujaratis – are known for their business acumen and strong financial position. READ MORE

 

1:01 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher, tracking overnight gains on the S&P 500 and Nasdaq amid positive global cues. 

At 1 PM, the BSE Sensex was higher by 248 points, or 0.32 per cent, at 78,213, while the Nifty50 was at 23,728.25, ahead by 112 points, or 0.48 per cent.

 

12:52 PM

Stock Market LIVE Updates: Arkade Developers up 4% on adding 3 new redevelopment projects in Mumbai

Stock Market LIVE Updates: Arkade Developers shares rose 4 per cent in Tuesday's trade on BSE, logging an intraday high at Rs 179.9 per share. The upmove in the stock came after the company added three new redevelopment projects in Mumbai.

Around 11:16 AM, Arkade Developers shares were up 3.21 per cent at Rs 178.4 per share on BSE. In comparison, the BSE Sensex was up 0.32 per cent at 78,217.01. The market capitalisation of the company stood at Rs 3,312.24 crore. The 52-week high of the stock stood at Rs 190 per share and the 52-week low of the stock stood at Rs 123.3 per share. READ MORE

 

12:39 PM

Stock Market LIVE Updates: Standard Glass Lining IPO Day 2; NIIs lead charge with 30x oversubscription

Stock Market LIVE Updates: Non-Institutional Investors (NIIs) continue to drive the demand for the initial public offering (IPO) of Standard Glass Lining Technology for the second consecutive day. The Rs 410 crore public offering of Standard Glass Lining, which opened for subscription on Monday, January 6, 2025, has received an overwhelming response from investors, getting oversubscribed by 15.29 times, primarily driven by NIIs, who have oversubscribed their reserved category by 29.88 times as of 10:10 AM on Tuesday, January 7, 2025. READ MORE