Stock Market Close Highlights: Sensex up for third day, gains 319 pts; Nifty at 23,312; banks shine

Markets Highlights: Broader markets outperformed the benchmarks, with the Nifty Midcap100, and Nifty Smallcap100 indices ending higher by over 1 per cent each

2:16 PM

Stock Market LIVE Updates: Shalby launches tissue and bone bank at Krishna Shalby Hospital, Ahmedabad

Stock Market LIVE Updates: Shalby Limited today informed that it has launched a tissue and bone bank at the Krishna Shalby Hospital, Ahmedabad.

The company, in an exchange filing, said, "We are pleased to announce that Shalby Launches India's Largest & Gujarat’s first Tissue & Bone Bank at Krishna Shalby Hospital, Ahmedabad inaugurated by Honourable Shri Amitbhai Shah, Union Minister of Home Affairs & Union Minister of Cooperation, Government of India along with Dr. Vikram Shah and Dr. Darshini Shah on January 15, 2025".

 

2:09 PM

Stock Market LIVE Updates: This Ashish Kacholia portfolio stock zooms 20% on strong Q3 results

Stock Market LIVE Updates: Shares of Aeroflex Industries locked in upper circuit of 20 per cent at Rs 223.20 on the BSE in Thursday’s intra-day trade amid heavy volumes after reporting a strong set of numbers for the quarter ended December 2024 (Q3FY25). 

 

The average trading volumes on the counter jumped over seven-fold, with a combined 8.52 million equity shares, representing 6.6 per cent of the total equity of Aeroflex changing hands on the NSE and BSE till 12:05 PM. Moreover, there are pending buy orders for 650,000 shares on the exchanges, data showed. The stock had hit a record high of Rs 235 on December 12, 2024. 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 on Thursday, amid positive global cues.

At 2 PM, the BSE Sensex was higher by 339.19 points, or 0.44 per cent, at 77,063.27, while the Nifty50 was at 23,331.25, ahead by 118.05 points, or 0.51 per cent.

 

1:58 PM

Stock Market LIVE Updates: Sterling & Wilson RE rejigs top leadership after Global CEO Amit Jain resigns

Stock Market LIVE Updates: Sterling and Wilson Renewable Energy Limited (SWREL) today informed that it has appointed Chandra Kishore Thakur, currently serving as CEO – Asia, Africa, LATAM & Europe, as the Global CEO - SWREL Group, effective from March 1, 2025, after incumbent, Amit Jain, tendered his resignation as the Global CEO – SWREL Group, effective from February 28, 2025.

Apart from that, it has also appointed Sandeep Thomas Mathew, currently serving as Head - Investor Relations, as the Interim Chief Financial Officer of the company.

The company, in an exchange filing, said, "We wish to inform you that the Board of Directors at its meeting held today, i.e. January 16, 2025, inter alia, approved the appointment of Mr. Sandeep Thomas Mathew, currently holding the position of Head – Investor Relations as the Interim Chief Financial Officer and Key Managerial Personnel of the Company, pursuant to the provisions of Section 203 of the Companies Act, 2013 with effect from January 16, 2025, till the time new CFO is appointed by the Board.
 

Further, Mr. Amit Jain, has tendered his resignation as the Global CEO – SWREL Group. Mr. Chandra Kishore Thakur, CEO – Asia, Africa, LATAM & Europe shall now be designated as the Global CEO - SWREL Group".

1:50 PM

Stock Market LIVE Updates: Punjab & Sind gains 12% on posting strong Q3 nos; profit jumps multifold

Stock Market LIVE Updates: Punjab & Sind Bank shares zoomed 12.2 per cent in Thursday's trade on BSE, logging an intraday high at Rs 52 per share. The buying in the stock sparked after the public sector lender reported a more than two-fold jump in its net profit to Rs 282 crore in the December 2024 quarter as bad loans declined.

 

Around 11:00 AM, Punjab & Sind Bank share price was up 8.21 per cent at Rs 50.11 per share on BSE. In comparison, the BSE Sensex was up 0.28 per cent at 76,935.54. The market capitalisation of the company stood at Rs 33,963.49 crore. The 52-week high of the stock was at Rs 77.5 per share and the 52-week low was at Rs 40.87 per share. READ MORE

 

 

1:44 PM

Stock Market LIVE Updates: Bharat Dynamics share price surges 8% on winning Rs 2,960-cr order from MoD

Stock Market LIVE Updates: Bharat Dynamics share price jumped as much as 8 per cent in the stock markets on Thursday, January 16, 2025. Bharat Dynamics shares hit an intraday high of Rs 1,227.9 per share on the BSE and Rs 1,229 per share on the NSE. By comparison, the BSE Sensex index was up 0.45 per cent at 1:00 PM. READ MORE

1:38 PM

Stock Market LIVE Updates: These 2 smallcap stocks hit new highs; zoom up to 82% in two months

Stock Market LIVE Updates: Shares of jewellery company Goldiam International and garments & apparels company Pearl Global Industries (PGIL) have hit their respective new highs, as the scrips gained up to 9 per cent on the BSE in Thursday’s intra-day trade. In two months, the market price of these two smallcap stocks have zoomed up to 82 per cent. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Rs 105 crore-order fuels 6% surge in EMS share price; details here

Stock Market LIVE Updates: Shares of sewerage solution provider company EMS were buzzing in trade on Thursday, January 16, 2025, on the bourses. EMS shares climbed 5.63 per cent to the day's high of Rs 843.70 on the National Stock Exchange (NSE) during the intra-day deals on Thursday. The northward move in the company's shares followed the company's announcement that it has received an order estimated to be worth Rs 105.08 crore from DeltaBulk Shipping. READ MORE

 

1:16 PM

Stock Market LIVE Updates: Minda Corp: Partnership with Flash Electronics bodes well for EV expansion

Stock Market LIVE Updates: Analysts are impressed with Minda Corp’s latest announcement to enter into a strategic partnership with Flash Electronics. Riding on expectations that Flash Electronics will chart robust profit growth, and provide cross selling opportunities to Minda, analysts have retained their 'Buy' calls on the stock.

 

"Flash is likely to witness robust profit growth from Rs 60 crore in financial year 2023-24 (FY24) to Rs 110 crore in FY26 (estimated), while Minda's share of profits shall be Rs 50 crore. Furthermore, Minda can potentially cross-sell and achieve cost synergies, as there are adjacent product portfolios in body electronics (Minda has vehicle access, electrical distribution system, telematics, and die casting) and powertrain electronics (Flash has ignition and powertrain components)," said a note by Nuvama Institutional Equities. READ MORE

 

1:12 PM

Stock Market LIVE Updates: Railway stks RVNL, Transrail, others surge up to 11% on higher capex hopes

Stock Market LIVE Updates: Shares of railway-related companies have surged by up to 11 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes on expectations of a higher capital expenditure (capex) allocation for the railway sector in the Budget 2025-26.

 

Shares of Transrail Lighting, Rail Vikas Nigam (RVNL), IRCON International, Jupiter Wagons (JWL), Titagarh Wagons, RITES, Indian Railway Finance Corporation (IRFC), Texmaco Rail & Engineering, RateGain Travel Technologies and RailTel Corporation of India are up in the range of 4 per cent and 11 per cent in intraday trade so far today. In comparison, the BSE Sensex was up 0.38 per cent at 77,013, at 10:40 AM. READ MORE

 

 

 

1:09 PM

Stock Market LIVE Updates: Intellect Design's IntellectAI ties up with Confianza to streamline risk assessment

Stock Market LIVE Updates: Intellect Design Arena today informed that its insurtech business unit, IntellectAI, has partnered with Confianza, an insurtech firm that is fast-tracking targeted risk selection and loss ratio improvements for P&C (property and casualty) insurers, to transform the submission and quoting process.

The company, in an exchange filing, said, "With this partnership, Confianza’s predictions and risk scores enhance the underwriting process within IntellectAI’s digital underwriting platform by providing carriers and MGAs (managing general agent) with a way to assess and segment risk earlier and faster than ever.

The company added that data and resultant predictive scores like Confianza’s can be directly integrated into risk-processing workflows. As a result, underwriters can make faster and better-informed decisions from submission to quote, improve speed to market, and enhance the broker and client experience.

 

1:02 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 on Thursday, amid positive global cues.

At 1 PM, the BSE Sensex was higher by 350.23 points, or 0.46 per cent, at 77,074.31, while the Nifty50 was at 23,323.10, ahead by 109.90 points, or 0.47 per cent.

 

12:49 PM

Stock Market LIVE Updates: Waaree Technologies gets order to supply 99 Solar off grid combo in 3 months

Stock Market LIVE Updates: Waaree Technologies today informed that it has received an order to supply 99 sets of Solar off grid combo, from a customer engaged in trading activities. 

The company, in an exchange filing, said, "Please take note that the Company has received order of 99 set of Solar off grid combo on January 15, 2025, from a customer engaged in the trading activities, to be delivered in three months".

 

12:42 PM

Stock Market LIVE Updates: Wipro Q3 preview: Net profit may jump up to 16% YoY, revenue to remain flat

Stock Market LIVE Updates: Bengaluru-based information technology (IT) major Wipro will announce its December quarter (Q3FY25) results on January 17, 2025. 

Wipro's Q3 performance is expected to reflect seasonal furlough impacts, client-specific challenges, and currency headwinds. Analysts predict a decline in dollar-denominated revenue, with CC revenue dropping up to 0.9 per cent Q-o-Q and USD revenue declining around 1.5 per cent-2.1 per cent. Margins may dip slightly due to wage hikes but benefit from higher offshoring. 
 

Revenue is estimated at Rs 22,040-Rs 22,170 crore, while PAT growth is forecasted between 10 per cent-15.8 per cent Y-o-Y. Key focus areas include consulting business updates and deal execution. READ MORE

 

12:32 PM

Stock Market LIVE Updates: Hitachi Energy India gains 5% as board to mull fundraising on January 18

Stock Market LIVE Updates: Hitachi Energy India shares gained 5.2 per cent in Thursday's trade on BSE, logging an intraday high at Rs 13,330 per share. The buying in the stock came after the company's board to consider fund raising in a meeting on January 18, 2025.

 

Around 11:21 AM, Hitachi Energy share pricewas up 5.03 per cent at Rs 13,300 per share on BSE. In comparison, the BSE Sensex was up 0.27 per cent at 76,930.69. The market capitalisation of the company stood at Rs 56,388.82 crore. The 52-week high of the stock was at Rs 16,534.5 per share and the 52-week low was at Rs 5,459 per share.  READ MORE