Stock Market Highlights: Sensex, Nifty overcome US recession scare, end flat; IndusInd Bank dips 27%

Stock Market Highlights: The Sensex recovered 500 pts from the day's low to end flat at 74,102; Nifty settled at 22,498. ICICI Bank, Bharti Airtel and Reliance Industries led the recovery on Tuesday.

3:45 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Despite significant selloffs in the U.S. and other Asian markets driven by concerns over an economic slowdown caused by the ongoing trade war, the domestic market is showing signs of a gradual recovery. Its relatively lower volatility can be attributed to a moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings.

These elements are expected to contribute to stability amid prevailing trade uncertainties. Meanwhile, attention remains on the upcoming retail inflation data, which could provide insights into potential interest rate cuts.

View by Vinod Nair, head of research, Geojit Financial Services.

3:44 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty started the day with a gap down, following weak global cues. However, during the day, the sentiment remained positive. Overall, the sentiment remains positive for the very short term, supported by strong momentum in the RSI indicator and the index closing above the 50 EMA on the hourly timeframe. In the very short term to short term, the index might continue its strength with the potential to reach 22,660–22,700. Above 22,700, the Nifty might move towards 23,000. On the lower end, support is placed at 22,400 on a sustained basis.

View by Rupak De, senior technical analyst, LKP Securities.

3:42 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap was up 0.72 per cent at close and Smallcap was down 0.70 per cent. 

3:40 PM

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

Stock Market LIVE Updates: IndusInd Bank, Bajaj Finserv, Infosys were among the top laggards on Nifty50. 

3:39 PM

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

Stock Market LIVE Updates: IndusInd Bank, Infosys, Bajaj Finserv were among the top losers on Sensex. 

3:36 PM

Stock Market LIVE Updates: Nifty50 closes at 22,497.9, up 37.6 pts

Stock Market LIVE Updates: NSE Nifty50 finishes 22,497.9, up 37.6 points or 0.17 per cent. The index made an intraday high at 22,522.10 and low at 22,314.7.

3:34 PM

Stock Market LIVE Updates: Sensex closes 13 pts lower at 74,102.32

Stock Market LIVE Updates: BSE Sensex was down 12.85 points or 0.02 per cent at 74,102.32. The index made an intraday high at 74,195.17 and low at 73,663.60.

3:25 PM

Stock Market LIVE Updates: Sapphire Foods slips 9%; management expects sales, margins woes to persist

Stock Market LIVE Updates: Shares of Sapphire Foods India slipped 9 per cent to Rs 297.50 on the BSE in Tuesday’s intra-day trade as the company's management expects near-term average daily sales (ADS) pressure and weak margins for two more quarters, impacting performance. However, long-term quick-service restaurant (QSR) drivers remain strong, with KFC and Pizza Hut as key verticals. Read more 

3:17 PM

Stock Market LIVE Updates: LIC, ICICI Pru, SBI MF: Top mutual funds who own IndusInd Bank stock

Stock Market LIVE Updates: IndusInd Bank stock witnessed the sharpest one-day drop in its history, tumbling over 25 per cent in intraday deals on Tuesday, a day after the bank reported discrepancies in its derivative portfolio.

 

Among the key public investors that held over 1 per cent stake in the bank as on December 2024 included Life Insurance Corporation of India (LIC), ICICI Prudential India Opportunities Fund, SBI Nifty 50 ETF, Government of Singapore, UTI Large Cap Fund and Nippon Life India Trustee Ltd-A/C Nippon India Arbitrage Fund, data from ACE Equity suggests. Read more 

3:09 PM

Stock Market LIVE Updates: Zydus Life to buy 85% stake in Amplitude Surgical; stock up 1%

Stock Market LIVE Updates: Zydus Lifesciences on Tuesday said it has entered into exclusive negotiations to acquire a majority stake in France-based Amplitude Surgical for 256.8 million euros.

The company has entered into negotiations with PAI Partners, Amplitude Surgical's management, as well as two minority shareholders to acquire 85.6 per cent of the company's share capital, the Ahmedabad-based drug maker said in a regulatory filing. READ MORE

On the BSE, the stock was up nearly 1 per cent at Rs 901 on trades of around 28,000 shares.

2:59 PM

Stock Market LIVE Updates: Tata Communications shares up 9%; ICICI Securities double upgrades to 'Buy'

Stock Market LIVE Updates: Tata Communications share price soared in a subdued stock market session today, lifted by heavy volumes. The stock of the Tata Group company jumped 8.7 per cent to Rs 1,492 per share on the BSE in the intraday trade with 69,000 shares having changed hands till the time of writing this report.

 

By comparison, the counter’s two-week average volume on the BSE is 11,000 shares. Further, combined with the volume on the National Stock Exchange (NSE), volumes on Tata Communications stock stood at 3.13 million shares.

 

At 1:55 PM, Tata Communications shares were up 7.7 per cent as against 0.01 per cent dip in the BSE Sensex index. READ MORE

2:48 PM

Stock Market LIVE Updates: RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy

Stock Market LIVE Updates: Indian non-banking financial companies (NBFCs) are expected to adjust their funding strategies in the upcoming financial year, driven by the Reserve Bank of India’s (RBI) decision to ease certain lending regulations. This move may encourage banks to increase their funding to NBFCs, news agency Reuters reported.

 

The RBI has rolled back some of the stricter rules on bank loans to NBFCs, reducing the risk weight on consumer microfinance loans by 25 percentage points to 100 per cent. This effectively restores the earlier risk weight framework. READ MORE

2:41 PM

Stock Market LIVE Updates: Zomato slips 5% on heavy volumes, stock falls below Rs 200 after 8 months

Stock Market LIVE Updates: Food aggregator Zomato’s share price fell below Rs 200-mark for the first time in the last eight months, as the stock slipped 5 per cent to Rs 199.75 on the BSE in Tuesday’s intra-day trade amid heavy volumes on concerns around increasing cash burns in Quick Commerce (QC). This was mostly on account of higher discounting by Zepto as it was looking to increase market share post accelerated store expansion, according to analysts.

 

In the past three trading days, the stock has declined 11 per cent. It was trading at its lowest level since July 1, 2024. The stock has corrected 34 per cent from its 52-week high of Rs 304.50 touched on December 5, 2024. READ MORE
 

2:30 PM

Stock Market LIVE Updates: Sensex bounces back in green, up over 500 pts from day's low

Stock Market LIVE Updates: The BSE Sensex quoted at 74,135 levels - up 22 points as against the day's low of 73,664 early today.

 

2:20 PM

Stock Market LIVE Updates: India, US to focus on mkt access, reducing tariff, non-tariff barriers: MoS

Stock Market LIVE Updates: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been imposed by the US on India.

"Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration," he said. READ MORE