Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%

Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.

2:22 PM

Akums Drugs share plummets 6% after IT Department conducts tax searches

Akums Drugs and Pharmaceuticals share price slumped 6.57 per cent at Rs 585 a piece on the BSE in Wednesday’s intraday trade. This came after the Income Tax Department conducted a search at its offices and its subsidiaries. READ MORE

2:13 PM

DAM Capital hits lowest level since listing; stock tanks 36% from high

The market price of stock broking & allied services company was trading close to its issue price of Rs 283 per share. It has declined 36 per cent from its post listing high of Rs 456.90, touched on debut day i.e. December 27, 2024. READ MORE

1:59 PM

Tata Technologies share dips 3% as brokerages slash target price post Q3

Tata Technologies share price slumped 3.39 per cent, while also hitting its 52-week low at Rs 789 a piece and on the BSE in Wednesday’s intraday trade. This came after the company reported a marginal decline in its net profit for the third quarter of the financial year 2024-25 (Q3FY25). READ MORE

1:49 PM

ALERT: Nifty PSU Bank index at day's low, down nearly 3%

Shares of Bank of Maharashtra, PNB, PSB, Canara Bank and Indian Overseas Bank were down over 3 per cent each, leading the fall in PSU banks.

1:38 PM

Rossari Biotech share price falls 5% after mixed Q3 results; profit down 8%

Rossari Biotech Q3 results impact: Chemical manufacturing company Rossari Biotech dropped as much as 5.41 per cent to hit an intraday low of Rs 757.55 per share on Wednesday, January 22, 2025. READ MORE

1:27 PM

ALERT: Polycab tumbles 7% after posting 11.5% jump in Q3 net

Polycab India reported a 11.5 per cent growth in Q3FY25 net profit at Rs 464.35 crore when compared with Rs 416.51 crore in Q3FY24. Total income increased by 19 per cent YoY to Rs 5,251.07 crore.

1:17 PM

India among top 3 least favoured Asian stock market amid multiple headwinds

India is among the top three least favoured Asian stock markets, according to a recent note by BofA Securities, with 10 per cent of the fund managers surveyed by the research and brokerage house remaining underweight on Indian equities from a 12-month perspective. READ MORE

1:03 PM

Explained: Why are the Lodha brothers fighting over the family brand name?

Abhishek and Abhinandan Lodha are locked in a legal battle over the use of the family name for their businesses. Abhishek has accused his brother Abhinandan of trademark infringement. READ MORE

 

12:51 PM

Stock Market LIVE Updates: ICICI Pru Life down 10% as VNB margin misses estimates; analysts cut target

Stock Market LIVE Updates: Weaker than expected value of new business (VNB) margins in the December quarter (Q3) of the current financial year (FY25) sent ICICI Prudential Life Insurance share price (ICICI Prudential share price) into a tailspin on Wednesday, January 22, 2025. READ MORE

12:36 PM

Stock Market LIVE Updates: 5 stocks that can benefit from China + 1 strategy; here's how to trade them

Stock Market LIVE Updates: The China Plus One, also known as China + 1 or C + 1, is a business strategy that focuses on diversifying risk and reducing dependence on China for manufacturing and sourcing needs. India aims to benefit from the same by becoming the go-to manufacturing and alternative business services hub for the world. READ MORE

12:25 PM

Stock Market LIVE Updates: Neuland Labs gets capex nod lift; stock up 5% even as broader indices sink

Stock Market LIVE Updates: Shares of Neuland Laboratories were trading higher by 5 per cent at Rs 13,915 on the BSE in Wednesday’s intra-day trade in an otherwise weaker broader market after the company’s board approved capital expenditure (capex) of Rs 342 crore. The company plans to fund this capex through debt and internal accruals. READ MORE

12:14 PM

Stock Market LIVE Updates: Tanla Platforms falls 7% after profit slumps 15% in Q3; hits 52-week low

Stock Market LIVE Updates: Tanla Platforms share price slumped 7.14 per cent, while also hitting its 52-week low at Rs 617.30 a piece and on the BSE in Wednesday’s intraday trade. This came after the company reported a considerable drop in its net profit for the third quarter of the financial year 2024-25 (Q3FY25). READ MORE

 

11:59 AM

Stock Market LIVE Updates: Persistent Systems shares under pressure, slip 7% ahead of Q3 results

Stock Market LIVE Updates: Information technology (IT) company Persistent Systems shares dropped as much as 6.71 per cent to hit an intraday low of Rs 5,500 per share on Wednesday, January 22, 2025. The fall in Persistent Systems share price came in anticipation of December quarter of financial year 2025 (Q3FY25) results, which will be announced later today. READ MORE

11:45 AM

Stock Market LIVE Updates: Reliance Consumer to acquire SIL, gears up to challenge HUL, Tata in FMCG

Stock Market LIVE Updates: Reliance Consumer Products is set to acquire packaged foods brand SIL Food India, which offers a range of products including cooking pastes, jams, mayonnaise, baked beans, and Chinese sauces. The acquisition formalities have been completed, according to a report by The Economic Times. READ MORE

 

11:31 AM

Stock Market LIVE Updates: India Cements share slips 9% on weak Q3 show; net loss widens to Rs 429 cr

Stock Market LIVE Updates: Shares of India Cements, a unit of UltraTech Cement, plunged as much as 9.33 per cent to hit an intraday low of Rs 315.80 per share on Wednesday, January 22, 2025. The fall in India Cements share price came on the back of weak results in the December quarter of financial year 2025 (Q3FY25). READ MORE