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

3:55 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve. Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market's upward movement. However, weak economic growth data from the UK dampened some of this optimism. Despite higher valuations compared to leading indices, the broader market saw bargain buying during the recent correction.

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

3:51 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty opened gap up and again consolidated during the day to close in the green up 99 points. The Nifty has been in a counter trend pullback mode after a sharp decline. The range of the previous three trading sessions has broken out on the upside indicating that the bounce is likely to continue towards 23,500 – 25,630. Hourly momentum indicator has a positive crossover which is a buy signal and suggests that the counter trend pullback can continue. On the downside the crucial support zone stands at 23,160 – 23,140.

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

3:42 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap end in green.

3:40 PM

Stock Market LIVE Updates: Here's a look at Nifty50 gainers and loser at close

Stock Market LIVE Updates: SBI Life, BEL, HDFC Life were among the top gainers on NSE Nifty50.

 

3:38 PM

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

Stock Market LIVE Updates: SBI, Adani Ports, Reliance Industries were among the top gainers on Sensex. 

 

3:36 PM

Stock Market LIVE Updates: Nifty50 closes 98.60 pts higher at 23,311.80

Stock Market LIVE Updates: NSE Nifty50 settled 98.60 points or 0.42 per cent higher at 23,311.80.

3:34 PM

Stock Market LIVE Updates: Sensex closes 318.74 pts higher at 77,042.82

Stock Market LIVE Updates: BSE Sensex closed 318.74 points or 0.42 per cent higher at 77,042.82. 

 

3:29 PM

Stock Market LIVE Updates: Here's why Waaree Technologies share was locked in 5% upper circuit today

Stock Market LIVE Updates: Waaree Technologies shares were in demand on Thursday, January 16, 2025, as the scrip was locked in 5 per cent upper circuit at Rs 383.75 per share, on BSE. Waaree Technologies share pricerose after it received an order of 99 sets of Solar off grid combo from a customer engaged in the trading activities. Read more 

3:15 PM

Stock Market LIVE Updates: Gland Pharma stock up 3% after USFDA issues Establishment Inspection Report

Stock Market LIVE Updates: Shares of pharmaceutical company Gland Pharma advanced 2.76 per cent to today's high of Rs 1719 on the BSE during intra-day deals on Thursday, January 16, 2025. The company's share price advanced on the news that it has received an Establishment Inspection Report (EIR) from the USFDA (United States Food and Drug Administration) indicating the closure of the inspection. Read more 

3:07 PM

Stock Market LIVE Updates: Sebi pushes Rs 250 monthly investment plans to deepen reach of equities

Stock Market LIVE Updates: India's markets regulator is pushing fund houses to popularise monthly investments as low as Rs 250, or $3, to expand the reach of equity investing in the world's most populous country. The Securities and Exchange Board of India (Sebi) is looking to introduce simpler customer identification rules and lower costs as it aims to popularise small-ticket investments via mutual funds, four sources familiar with the discussions said. Read more