Stock Market Highlights: Sensex gains 224pts led by IT, Nifty ends at 23,213; Auto, FMCG shares fall

Markets Today Highlights:Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively

2:31 PM

Stock Market LIVE Updates: Infosys Q3 Preview: Profits may jump by 11%, revenues to rise by 6%

Stock Market LIVE Updates: Indian information technology (IT) company,Infosys, is scheduled to deliver its October-December quarterly earnings for the financial year 2024-25 (Q3FY25) on Thursday, January 15, 2025.

 

According to analyst estimates compiled by Business Standard, Infosys may see its average revenue rise by 6.3 per cent year-on-year (YoY) to Rs 41,298 crore as against Rs 38,821crore in the third quarter of FY24. Sequentially the topline may increase by 0.7 per cent compared to Rs 40,986 crore in Q3FY24

Moreover, the IT major may register an average net profit of Rs 6,820 crore for the December quarter, against Rs 6,106 crore in Q3FY24, which translates to an increase of 11.6 per cent Y-o-Y for Q3FY25. READ MORE

 

 

2:25 PM

Stock Market LIVE Updates: Prospect Consumer enters D2C segment with launch of gourmet dry fruit products

Stock Market LIVE Updates: Prospect Consumer Products Limited (formally known as Prospect Commodities Limited) that processes and exports premium cashew kernels and dry fruits, today announced the launch of its new gourmet snack line in retail markets nationwide.

The company, in an exchange filing, said, "The company's latest offering, marketed under the brand name "DriFrutz," features an innovative range of flavored nuts and dry fruits, marking the company's strategic entry into the Direct-To-Consumer segment".

2:22 PM

Stock Market LIVE Updates: Aether Industries amends deal with Baker Hughes; finalises volume & pricing details

Stock Market LIVE Updates: Aether Industries today informed that it has amended the Strategic Supply Agreement that it had signed on June 25, 2024, with the US-based Baker Hughes, on January 7, 2025. 

The company, in an exchange filing, said, "We are pleased to announce that Aether Industries Limited (Aether) has executed an Amendment to the Strategic Supply Agreement with Baker Hughes on January 7, 2025, under the broader umbrella of the Strategic Supply Agreement signed between the two parties on June 25, 2024".

The company said that the current amendment finalises the volume and pricing details for the first two products to be supplied by Aether to Baker Hughes. It added that both the products will be exclusively manufactured for Baker Hughes by Aether’s wholly-owned subsidiary, Aether Specialty Chemicals Limited, which is fully equipped with the requisite assets, plant, and machinery that have already been commissioned to support this contract manufacturing initiative.

Aether Industries added that the current amendment has initiated the commercialisation activities of Aether’s Site 4, exclusively built under Aether Specialty Chemicals Limited.

2:15 PM

Stock Market LIVE Updates: Vodafone Idea hits 3-month high, surges 19% in two days on heavy volumes

Stock Market LIVE Updates: Shares of Vodafone Idea (Vi) hit a three-month high of Rs 9.18, as they rallied 11 per cent on the BSE in Wednesday’s intraday trade amid heavy volumes. In two days, the stock of the telecom services provider has surged 19 per cent. It is quoting at its highest level since October 17, 2024. It has bounced back 39 per cent from its 52-week low of Rs 6.60 touched on November 22, 2024.

 

At 12:34 PM, Vi was trading 10 per cent higher at Rs 9.11 on the BSE, as compared to the 0.36 per cent rise on the BSE Sensex. The average trading volumes on the counter more than doubled, with a combined 923 million equity shares being transacted on the NSE and BSE. READ MORE

 

2:11 PM

Stock Market LIVE Updates: Benares Hotels share price rallies 14% after Q3 results; profits soar 20%

Stock Market LIVE Updates: Benares Hotels share price gained 5.53 per cent at Rs 571.80 a piece on the BSE in Wednesday’s intraday trade. This came after the company announced its financial results for the third quarter and nine months ending December 31, 2024 (Q3FY24).

  

Benares Hotelsdelivered strong growth in the third quarter with revenue increasing by 16.2 per cent to Rs 40.1 crore compared to Rs 34.5 crore in Q3FY24. The company's Ebitda also rose by 19.2 per cent to Rs 19.9 crore, up from Rs 16.7 crore in the same period last year. Profit after tax (PAT) for the quarter surged by 20.4 per cent to Rs 13.6 crore, compared to Rs 11.3 crore in Q3FY24. READ MORE

 

2:09 PM

Stock Market LIVE Updates: Stallion India IPO opens on January 16; check GMP, dates, other key details

Stock Market LIVE Updates: The initial public offering (IPO) of Stallion India Fluorochemicals is set to open for public subscription on Thursday, January 16, 2025. At the upper end, the company seeks to raise Rs 199.45 crore from the offering.

The bidding for anchor investors is scheduled to take place today, Wednesday, January 15, 2025. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Off day's highs, Sensex, Nifty trade nearly flat

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading with slight gains on Wednesday.

At 2 PM, the BSE Sensex was higher by 82.36 points, or 0.11 per cent at 76,581.99, and the Nifty50 was at 23,179.80, marginally ahead by 3.75 points or 0.02 per cent.

 

1:53 PM

Stock Market LIVE Updates: Kalyan Jewellers' stock extends fall for 8th straight day; stock slips 27%

Stock Market LIVE Updates: Shares of Kalyan Jewellers India are continuing under pressure, with the company's stock prices trading lower for the eighth straight day, falling 27 per cent during the period. On Wednesday so far, the stock of the jewellery company has declined 3.4 per cent to Rs 576.55 on the BSE in intra-day trades. It had hit a record high of Rs 794.60 on January 2, 2025.

 

The market value of Kalyan Jewellers has more than doubled in the previous two calendar years. In the calendar year 2024 (CY24), it soared 116 per cent, while, in CY23, it had zoomed 180 per cent. In comparison, the BSE Sensex had gained 20 per cent in CY23 and 9 per cent in CY24. READ MORE

 

 

1:42 PM

Stock Market LIVE Updates: NTPC, Power Grid, NHPC, other power stocks rise up to 7% in trade today

Stock Market LIVE Updates: Power stocks advanced up to 7.1 per cent in Wednesday's (January 15, 2025) trade. Around 11:25 AM, individually on BSE, NTPC shares were up 3.39 per cent, Power Grid shares were up 4.22 per cent, NHPC was up 2.3 per cent, Adani Green Energy was up 3.27 per cent, Adani Power was up 2.28 per cent and Tata Power was up 3.42 per cent. Read more

1:37 PM

Stock Market LIVE Updates: Minda Corp rises 5% after acquiring 49% stake in Flash Electronics

Stock Market LIVE Updates: Minda Corporation share price gained 5.53 per cent at Rs 571.80 a piece on the BSE in Wednesday’s intraday trade. This came after the company acquired a 49 per cent stake in Flash Electronics for Rs 1,372 crore Read more 

1:31 PM

Stock Market LIVE Updates: ABFRL board approves raising $500 mn through preferential issuance and QIP

Stock Market LIVE Updates: The board of Aditya Birla Fashion and Retail (ABFRL) on Wednesday approved raising $500 million through a combination of preferential issuance and qualified institutional placement (QIP) of equity shares, said the company in a statement. Read more 

 

1:24 PM

Stock Market LIVE Updates: Mankind Pharma hit with Rs 2.27 crore GST penalty, plans to challenge order

Stock Market LIVE Updates: Mankind Pharma Ltd announced on Wednesday that it has been slapped with a GST penalty of Rs 2.27 crore by the Kolkata tax authority. The penalty stems from alleged discrepancies in reported figures for the financial years 2017-18 to 2021-22. Read more 

1:19 PM

Stock Market LIVE Updates: Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Stock Market LIVE Updates:Sharing a subdued outlook for India stock markets for calendar year 2025, global brokerage Nomura has pegged 23,784 as December 2025 Nifty target.

Factoring-in downside risks to earnings, along with slightly expensive valuation, Nomura said it expects the stock markets to deliver returns in the range of -8 per cent to +9 per cent over the next one year. Read more 

 

1:11 PM

Stock Market LIVE Updates: Quadrant Future Tek soars 44% in 2 days; zooms 85% against issue price

Stock Market LIVE Updates: Shares of Quadrant Future Tek (Quadrant) rallied nearly 20 per cent to Rs 537.80 on the BSE in Wednesday’s intra-day trade, extending its Tuesday’s 20 per cent surge amid heavy volumes. The stock of electrical cables company has soared 44 per cent from its listing price, after making a strong market debut on Tuesday. It has zoomed 85 per cent against its issue price of Rs 290 on the BSE.

 

At 10:06 AM; Quadrant was quoting 18 per cent higher at Rs 531, as compared to 0.30 per cent rise in the BSE Sensex. A combined 12.49 million equity shares representing 31 per cent of total equity of the company changed hands on the NSE and BSE on Wednesday. READ MORE

 

 

1:01 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Wednesday.

At 1 PM, the BSE Sensex was higher by 323.16 points, or 0.42 per cent at 76,822.79, and the Nifty50 was at 23,253.90, ahead by 77.85 points or 0.34 per cent.