KEY HIGHLIGHTS
Stock Market News Live: Rupee Closes Stronger Against Dollar
Rupee strengthened by 26 paise to close at 86.33 against the US dollar.
It closed at 86.59 on Tuesday.
Source: Bloomberg
Closing Bell: Nifty, Sensex End Higher
Gains in information technology stocks powered Indian benchmarks higher in the last two hours as US President Donald Trump's plans for artificial intelligence offset trade tariff risks.
The S&P BSE Sensex closed 566 points or 0.75% up at 76,404, while the NSE Nifty 50 was 130.7 points or 0.57% higher at 23,135.5. Intraday, the NSE Nifty 50 rose 0.63% to 23,169.5, and the S&P BSE Sensex advanced 0.82% to 76,463.1.
Technically, after the intraday correction, the Nifty found support near 23,000 and bounced back sharply, Shrikant Chouhan, Head Equity Research, Kotak Securities, said. "However, the short-term trend of the market remains weak."
Trump pushed to make the US an AI superpower by having fewer guardrails. He halted the implementation of key safety and transparency requirements for AI developers.
IT bellwethers Infosys Ltd., Tata Consultancy Services Ltd., and Wipro led the gain in the Nifty in early trade. All three companies surged over 2% during the session, while Tech Mahindra shares rose over 1%.
Stocks in China fell after Trump said he was still considering a 10% tariff on all goods from the country. Health care and technology stocks were among the biggest gainers in Europe. Futures on the S&P 500 and Nasdaq 100 hinted at a strong start for Wall Street.
For day traders, 23000 (Nifty) / 75850 (Sensex) would act as a crucial support zone, Chouhan said. If the index stays above this level, the pullback formation is likely to continue, he said.
Infosys Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., Kotak Mahindra Bank Ltd. and Sun Pharmaceutical Industries Ltd., led the advance in Nifty 50 index.
Tata Motors Ltd., Bharat Electronics Ltd., Axis Bank Ltd., Larsen & Toubro Ltd. and Trent Ltd. weighed on the benchmark index.
Nine out of the 12 sectors on the NSE declined, with Nifty realty and Nifty Media falling the most on Wednesday. Nifty IT rose the most in trade.
On BSE, 15 sectors declined, and six advanced out of 21. The BSE Focused IT rose the most, while the BSE Realty declined the most.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 1.20% and 1.56% down, respectively.
Market breadth was skewed in favour of sellers. Around 2,799 stocks declined, 1,149 stocks advanced, and 11 stocks remained unchanged on BSE.
Stock Market News Live: Hudco To Exit From Ind Bank Housing
Housing & Urban Development Corp.'s board approved the proposal to exit from Ind Bank Housing. The board also approved increasing of fiscal 2025 borrowing plan to Rs 55,000 crore from Rs 40,000 crore, according to an exchange filing on Wednesday.
Stock Market News Live: Indian Metals Enters Purchase Pact With JSW Green Energy
Indian Metals and Ferro Alloys Ltd. signed a power purchase Pact with JSW Green Energy One and JSW Green Energy Seven for 25 years, according to an exchange filing on Wednesday. The companies are in pact to supply hybrid renewable power of 70 megawatt contracted demand.
Stock Market News Live: RattanIndia Power Shares Surge Post Earnings
Shares of RattanIndia Power Ltd. spiked over 4% on Wednesday after the company reported a net profit of Rs 4.33 crore against a loss in the previous year.
RattanIndia Power Q3 Highlights (Consolidated, YoY)
Revenue down 9.1% to Rs 733 crore versus Rs 806 crore.
Ebitda down 47.4% to Rs 90.3 crore versus Rs 172 crore.
Margin at 12.3% versus 21.3%.
Net profit at Rs 4.33 crore versus a loss of Rs 587 crore.
Stock Market News Live: Sectors And Broader Market Performance
Nine out of the 12 sectors on the NSE declined, with Nifty realty and Nifty Media falling the most on Wednesday. Nifty IT rose the most in trade.
The broader markets underperformed its larger peers, with the BSE MidCap plunging by 1.59% and the SmallCap falling by 2.01%.
Only four out of the 20 sectors compiled by BSE advanced, with IT and Focused IT rising the most.
The market breadth was skewed in favour of the sellers as 2,989 stocks advanced, 911 advanced and 120 remained unchanged on the BSE.
Stock Market News Live: Top Contributors To Nifty Change
Infosys Ltd., Tata Consultancy Services Ltd., HDFC Bank Ltd., Sun Pharmaceutical Industries Ltd., and Kotak Mahindra Bank Ltd. led the advance in Nifty 50 index as of 2:30 p.m.
State Bank of India, Tata Motors Ltd., Bharat Electronics Ltd., Larsen & Toubro Ltd., and Axis Bank Ltd. weighed on the benchmark index.
Stock Market Live: Tata Communications Tumble After Earnings
Shares of Tata Communications Ltd. fell after the firm reported a contraction in its third quarter margins. The company's board approved an investment Of Rs 770 crore in Netherlands-Based step-down arm.
Tata Communications Q3 Highlights (Consolidated, YoY)
Revenue up 3.8% to Rs 5,798 crore versus Rs 5,588 crore.
Ebitda up 2.4% to Rs 1,181 crore versus Rs 1,153 crore.
Margin at 20.4% versus 20.6%.
Net profit at Rs 236 crore versus Rs 45.1 crore.
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Stock Market Live: HDFC Bank Shares Surge After Q3 Results
Shares of HDFC Bank Ltd. spiked on Wedneday after the lender reported an in-line profit growth in the third-quarter of the current financial year.
The private lender reported a 2.2% year-on-year rise in profit for the December quarter to Rs 16,736 crore. The bank's bottom line met analysts' expectations of Rs 16,596 crore polled by Bloomberg. Net interest income, or the bank's core income, rose nearly 8% on year to Rs 30,650 crore.
HDFC Bank Q3 Highlights
Net profit at Rs 16,736 crore versus estimate of Rs 16,596 crore.
Net NPA at 0.46% versus 0.41% (QoQ).
Gross NPA at 1.42% versus 1.36% (QoQ).
NII up 8% to Rs 30,653 crore versus Rs 28,471 crore (YoY).
Provisions up 17% to Rs 3,154 crore versus Rs 2,700 crore (QoQ).
PPOP up 6% to Rs 25,000 crore versus Rs 23,647 crore (YoY).
Net profit up 2.2% to Rs 16,736 crore versus Rs 16,373 crore (YoY).
Stock Market Live: Asian Stocks Rise On Optimism Over Trump’s AI Plan
Stocks in Asia extended their gains on Wednesday as US President Donald Trump's plans for artificial intelligence offset trade tariff risks.
Technology shares in Asia rose after Trump pushed to make the US an AI superpower by having fewer guardrails. He halted the implementation of key safety and transparency requirements for AI developers.
Stocks in China fell after Trump said he was still considering a 10% tariff on all goods from the country. Health care and technology stocks were among the biggest gainers in Europe. Futures on the S&P 500 and Nasdaq 100 hinted at a strong start for Wall Street.
Australia's S&P/ASX 200 closed higher with the benchmark index advancing by 0.33%, or 27.4 points, to 8,429.8. Japan's Nikkei was up 615 points, or 1.58% at 39,615.5.
Stock Market Live: Companies That Will Trade T+0 From Jan. 31
The optional T+0 settlement cycle will be available for 100 stocks from Jan. 31 onwards, according to a circular issued by the National Stock Exchange of India. Raymond Ltd., Azad Engineering Ltd., and Mahanagar Gas Ltd. are a part of these 100 scrips to be eligible in the first phase of widening.
Read more here.
Here is a list of companies that will be eligible in the first phase of T+0 settlement cycle:
Stock Market Live: Nifty Bank Slides Nearly 1%
India's banking stocks gauge — Nifty Bank — extended its decline on Wednesday led by Punjab National Bank Ltd. and Canara Bank. Nifty Bank was down 0.93% as of 1:40 p.m., nearing the lowest level since June 4, 2024.
Canara Bank and PNB slid over 3% while Federal Bank Ltd., IDFC First Ltd., Bank of Baroda Ltd. and State Bank of India fell over 2% on Wednesday.
Q3 Results: Polycab Shares Fall As Net Profit Misses Estimates
Polycab shares fall over 8% after its profit misses estimates. The company reported a 10.9% jump in profit at Rs 458 crore.
Polycab Q3 Results Highlight (Consolidated, YoY)
Net Profit up 10.9% at Rs 458 crore vs Rs 413 crore
Revenue up 20.4% at Rs 5,226 crore vs Rs 4,340 crore
Ebitda up 26.6% at Rs 720 crore vs Rs 569 crore
Margin at 13.8% Vs 13.1%
Stock Market Live: SRG Housing To Raise Rs 49.93 Crore
SRG Housing Finance Ltd. will raise up to Rs 49.93 crore via shares sale at an issue price of Rs 365 per share, according to an exchange filing on Wednesday.
Trump pushed to make the US an AI superpower by having fewer guardrails by immediately halting the implementation of key safety and transparency requirements for AI developers.
Stock Market Live: HUL Shares Snap Two-Day Fall Ahead Of Earnings
Hindustan Unilever Ltd.'s share price snapped its two-session fall and rose ahead of third quarter results. Before Wednesday's rise, the stock had fallen 0.6% in its two-session fall.
Bloomberg's consensus estimates show that the FMCG giant is likely to report Rs 2,659.06-crore net profit, as against Rs 2,509.0 crore in the same quarter a year ago. Revenue is seen at Rs 15,791.37 crore, compared to Rs 15,294.0 crore.
Before slipping into losses as of 11:21 a.m., the scrip rose as much as 0.9% to Rs 2,362 apiece. This compares to a 0.2% advance in the NSE Nifty 50.
Read more here.
Stock Market Live: Persistent Systems Falls Amid 2% Dip In Nifty Midcap
Shares of Persistent Systems Ltd. fell over 7% on Wednesday ahead of the company's December quarter results and amid an over 1,200 point or 2% decline in the Nifty Midcap 100.
The IT company is expected to report a profit of Rs 346 crore and revenue of Rs 3,023 crore for the quarter ended December, according to consensus estimates from analysts tracked by Bloomberg. Analysts also estimate the company's EBIT to be Rs 441 crore, with a margin of 14.59%.
Shares of Persistent Systems fell as much as 7.66% to Rs 5,445 apiece, the lowest level since Nov. 6. It pared some loss to trade 7.48% lower at Rs 5,445.40 apiece, as of 12:17 p.m. This compares to a 0.07% advance in the NSE Nifty 50.
Read more here.
Market Live Updates: Stocks That Hit 52-Week Low
Stock Market Live: Chambal Fertilisers Amends Contract With L&T
Chambal Fertilisers and Chemicals Ltd. amended its contract with Larsen & Toubro Ltd. for manufacturing plant at Rajasthan.
The basic contract price for Rajasthan plant was increased to Rs 993 crore from Rs 961 crore earlier, according to an exchange filing. The timeline for completion of Rajasthan Project extended to January 2026.
Stock Market Live: India To See Structural Slowdown, Says UBS
UBS Group AG advised investors to short the Indian rupee and adopt an underweight stance on Indian stocks.
India's $4 trillion economy is entering a "structural slowdown", driven by weak credit growth, declining foreign direct investment, and a broader deceleration in the country’s economic performance, UBS said.
The brokerage's research points to a number of factors driving the slowdown, which it argues cannot be attributed solely to cyclical factors like oil-price hikes or government spending cuts. One of the major worries is the significant reduction in FDI, which amounted to only around $3 billion in the past 12 months.
Read more here.
Stock Market Live: Kaynes Tech To Raise Rs 1,600 Crore
Kaynes Technology India Ltd. approved to raise Rs 1,600 creore via qualifies institutional placements, according to an exchange filing on Wednesday. However, shares of the electronics manufacturer plunged over 8% as of 12:30 p.m., compared to 0.04% decline in the NSE Nifty 50.
Stock Market Live: Nifty Next 50 Falls Over 20% From September Peak
Stock Market Live: Nifty, Sensex Falls To Day's Low
Indian benchmark indices tumbled to the day's low on Wednesday after a positive start led by declines in Trent Ltd., Larsen & Toubro Ltd. and Bharat Electronics Ltd. The selloff in realty and energy stocks continued to gain pace.
The S&P BSE Sensex Index was up 140 points, or 0.19%, at 75,980 while the NSE Nifty 50 was 10 points or 0.05% higher at 23,036, as of 12:15 p.m. From the day's high, the NSE Nifty 50 fell as much as 0.5% while the 30-stock Sensex plunged 0.4%.
Stock Market Live: Macro Check As Of 12:00 P.M.
The Dollar Spot Index at $108.17
Rupee Strengthened by 5 paise to trade at 86.53.
India 10-Year Bond Yield at 6.77%
U.S. 10-Year Bond Yield at 4.58%
Spot gold rose 0.13% to $2,748.48 an ounce
Bitcoin fell 1.24% to $105,464.88
Stock Market Live: BPCL Share Price Declines Ahead Of Q3 Results
Bharat Petroleum Corp.'s share price declined before the company released its results for the third quarter later in the day. The company will likely report Rs 5,265-crore net profit for the period, according to Bloomberg consensus estimates.
Bharat Petroleum Corp.'s share price declined 1.39% to the day's low of Rs 276.30 apiece. It was trading 1.09% down at Rs 277.15 apiece as of 11:16 a.m., as compared to a 0.15% advance in the NSE Nifty 50.
Stock Market Live: IT Stocks Gain On Trump Optimism
Information technology stocks led the gains in benchmark indices on Wednesday on prospects that US President Donald Trump will boost economic activities in the world's largest economy.
Trump pushed to make the US an AI superpower by having fewer guardrails by immediately halting the implementation of key safety and transparency requirements for AI developers. Improving business activity in the US would translate into more order wins for domestic tech firms.
IT bellwethers Infosys Ltd., Tata Consultancy Services Ltd., and Wipro led the gain in the Nifty index in early trade. All three companies surged over 2% during the session, while Tech Mahindra rose over 1%. However, shares of Persistant Systems Ltd. tumbled over 7% ahead of its third quarter earnings.
However, earning misses by leading tech services companies are raise concern that the sector will struggle to justify an $11 billion rally since the US presidential election.
Forward looking indicators such as deal wins and employee additions remain weak “for almost every company in the sector”, Citi Research said in a note. The analysts retained a “cautious” view on the tech services sector in India due to margin pressure and a slower recovery in growth during coming quarters.
Stock Of The Day: Three-Day Fall Takes India Cements To Lowest In Six Months
The selloff seen in the stock of The India Cements Ltd. extended to day three with the shares down over 15% to a six-month low on Wednesday. The stock fell despite reporting a net profit of Rs 116.52 crore in the third quarter.
Shares of the cement maker kept testing the life-high level since the beginning of the year but took a nosedive on Nov. 20. The stock currently finds support near the crucial 200-day moving average at the Rs 317 mark. A break out of this level could send the stock to the psychologically important Rs 300 mark.
The scrip currently is below the 14-day simple moving average and the 21-day exponential moving average. The stock has risen by 30% in 2025. The stock zoomed over 115% in July to September last year, before giving up gains slightly.
India Cements stock fell as much as 10.7% during the day to Rs 311.2 apiece on the NSE, compared to a 0.29% advance in the benchmark Nifty 50 as of 11:00 a.m. The total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 17, implying the stock is oversold .
None of the seven analysts tracking the company have a 'buy' rating on the stock, one suggests a 'hold' and six have a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 5.4%.
Stock Market Live: IndiaMart InterMesh Shares Hit Over Two-Year Low
The shares of IndiaMart InterMesh Ltd. fell 10% to hit over two-year low on Wednesday, after brokerages remained bearish post its third quarter result. This comes following a weaker-than-expected quarterly performance and concerning trends in its subscriber base.
Nuvama and Nomura reduced the target price, citing factors such as decline in paid subscribers, weak customer additions, and elevated churn rates. While Nomura cut the target price to Rs 1,900, Nuvama has cut it to Rs 1,970 apiece.
Shares of IndiaMart fell as much as 10% to Rs 2,065.40 apiece, the lowest level since December 2022. It pared losses to trade 7.67% lower at Rs 2,118.85 apiece, as of 10:26 a.m. This compares to a 0.34% advance in the NSE Nifty 50.
Stock Market Live: Denta Water IPO Fully Subscribed On Day One
Denta Water and Infra Solutions Ltd.'s Rs 220.5-crore initial public offering was fully subscribed within an hour of its opening on Wednesday.
The portions for non-institutional and retail investors were oversubscribed. The three-day IPO comprises an entirely fresh issue of shares, with no offer-for-sale component, according to the red herring prospectus.
Read more here.
Stock Market Live: Oberoi Realty Share Price Today Tumbles Nearly 7%
Oberoi Realty Ltd. share price fell for the second session in a row on Wednesday after its third quarter earnings and management commentary failed to draw investor comfort.
The market reaction comes even as company executives nudged analysts to look at full year growth over sequential print during a post-earnings conference call on Tuesday. They said a lot more launches are in the pipeline between July-December period this year.
Oberoi Realty share price today fell as much as 6.8% to Rs 1,731 apiece soon after market open. This compares to a 0.22% advance in the NSE Nifty 50 Index.
Read more here.
Stock Market Live: Here's Why IndiaMart Has Analysts Bearish
IndiaMart InterMesh Ltd., one of India’s leading online business-to-business e-commerce platforms, has received bearish response from two brokerages, Nuvama and Nomura, following a weaker-than-expected quarterly performance and concerning trends in its subscriber base.
Both brokerages have significantly lowered their target prices, citing factors such as decline in paid subscribers, weak customer additions, and elevated churn rates, which have impacted the company’s near-term growth prospects.
Read more here.
Stock Market Live: Why Citi Sees 45% Upside For Oil Stocks
Indian oil marketing companies, including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp., are expected to deliver up to 45% returns, according to Citi Research's target prices for these companies.
The brokerage sees the recent correction as an opportunity to buy, as it expects multiple factors to help the company post strong results in the second half of the current fiscal.
In the last 30 days, BPCL has fallen 3.6%, HPCL more than 7%, and Indian Oil by around 5%. Citi noted that these stocks had underperformed upstream peer Oil and Natural Gas Corp. by 10-15% over the last 2-3 months, which it believes offers an attractive buying opportunity.
Read more here.
Stock Market Live: Waaree Energies Fall 7% As Anchor Lock-In Ends
Shares of Waaree Energies Ltd. tumbled over 7% on Wednesday after anchor investors offloaded their stake with the final lock-in period coming to an end. The company debuted on National bourses on Oct. 28, 2024.
The first lock-in period for these investment institutions ended on Nov. 23, freeing anchor investors to sell 50% of ther holdings. The lock-in for the remaining shares held by anchor investors ended on Wednesday.
Waaree Energies raised approximately Rs 1,277 crore from anchor investors ahead of its initial public offering. The company allotted 84.96 lakh shares at Rs 1,503 apiece to 92 anchor investors.
Stock Market Live: All You Need To Know About Denta Water IPO
Denta Water and Infra Solutions Ltd.'s Rs 220.5-crore initial public offering is scheduled to open on Jan. 22. The three-day IPO comprises an entirely fresh issue of shares, with no offer-for-sale component, according to the red herring prospectus.
The price band has been set in the range of 279 to Rs 294 per share. Investors can bid for a minimum of 50 equity shares, and in multiples of 50 shares thereafter.
The proceeds from the issue, to the extent of Rs 150 crore, will be utilised for meeting working capital requirements and for general corporate purpose, subject to the applicable laws.
Read more here.
Stock Market Live: Burman Family Announces Religare Takeover Dates
The Burman family has announced dates for the takeover of 26% stake in Religare Enterprises Ltd. This will be done via M.B. Finmart Pvt., Puran Associates Pvt., VIC Enterprises Pvt., and Milky Investment & Trading Co. entities owned by the Burman family.
The takeover offer will be open from Jan. 27 to Feb. 7. The issue will be of up to 9,00,42,541 equity shares, according to an exchange filing.
The issue will have a fixed price of Rs 235, with Rs 10 face value each. The merchant banker for the issue is JM Financial Ltd., while KFin Technologies Ltd. is the registrar.
Read more here.
Stocks To Buy Today: HDFC Bank, Tata Consumer, JSW Steel And More
Analysts have provided stock recommendations going into trade Wednesday, suggesting some top picks for traders and investors. These stocks are expected to show positive movements in the near term based on technical analysis and fundamental factors.
The stock picks come from well-known analysts including Vikas Jain, head of research at Reliance Securities; Ruchit Jain, vice president of equity technical research at Motilal Oswal Financial Services; and Ravi Singh, senior vice president of retail research at Religare Broking.
Read all the top pics here.
Stock Market Live: Why Dixon Tech Plunged 13% Despite Q3 Growth
Dixon Technologies Ltd.'s shares were down 13% in trade on Tuesday, despite the company posting robust third-quarter results.
One of the key reasons for the sharp fall is being attributed to the management announcing its entry into the semiconductor component space, with investments in display fabrication facility, which would require large capital expenditure.
Market capitalisation of the firm eroded Rs 14,500 crore on Tuesday.
Read more here.
Stock Market Live: Tata Tech, ICICI Prudential And Others React Post Q3 Results
Stocks of Tata Technologies Ltd., ICICI Prudential Life Insurance Co. and KEI Industries Ltd. are in focus on Wednesday after the companies announced their third quarter results.
Tata Technologies opened in the negative despite reporting a 7.1% rise in profit to Rs 169 crore. ICICI Prudential also fell over 8% to open in the red as Goldman Sachs reduced the target price to Rs 650 from the earlier Rs 665 apiece.
KEI Industries shares fell nearly 3% despite its net profit rising by 9.4% to Rs 165 crore. Dalmia Bharat shares also fell nearly 4% after a 75.2% rise in net profit to Rs 66 crore.
Read More here.
Stock Market Live: Reliance Industries Target Cut By Morgan Stanley
Reliance Industries Ltd. received a target price cut by Morgan Stanley, adding to the woes that the stock of Mukesh Ambani-led conglomerate faces. It however remains bullish on its new energy and Al infrastructure business saying, "it remains underappreciated."
The new energy powering Reliance Industries' generative Al infrastructure will likely become a large driver of earnings, Morgan Stanley said in a note. The brokerage retained an 'overweight' rating on the stock and lowered the target price to Rs 1,606 apiece from the earlier Rs 1,662 per share.
The company is transitioning into a new energy company to power Al and provide India with the infrastructure for the new tech era, Morgan Stanley said. "While many investors are focusing on retail multiples and refining/chemical earnings, we see them finding a floor on our new estimates."
RIL's stock rose as much as 0.72% during the day to Rs 1,282.9 apiece on the NSE. It was trading 0.53% higher at Rs 1,280 apiece, compared to a 0.28% advance in the benchmark Nifty 50 as of 09:34 a.m.
It has declined 3.62% during the last 12 months. The relative strength index was at 55.
Thirty five out of the 39 analysts tracking the company have a 'buy' rating on the stock, one suggests a 'hold' and three has a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 20%.
Stock Market Live News: JPMorgan On Oberoi Realty
Upgrades the stock to 'overweight' from 'neutral' and raises the target price to Rs 2,350 apiece from Rs 1,760, implying a significant upside.
Expects margins over the next two years to benefit from luxury pricing, late-stage inventory, and a progressive ramp-up of the rental business over the next 12 months.
Highlights the strong performance of the Thane project launch as a key driver, noting that the slowdown in luxury sales is likely tactical.
Observes slower operating cash flow due to business development costs but notes that the net debt-to-equity ratio remains comfortable at 0.1x.
Reports increased occupancy across office assets and forecasts high annuity growth over the next two years.
Stock Market Live News: Sectors And Broader Market Performance
Six out of the 12 sectors on the NSE declined, with Nifty FMCG and Nifty Pharma rising the most on Wednesday. Nifty Realty and Metal fell the most in trade.
The broader markets underperformed its larger peers, with the BSE MidCap plunging by 0.70% and the SmallCap falling by 1.04%.
Seven out of the 20 sectors compiled by BSE advanced, with Metal and Realty falling the most.
The market breadth was skewed in favour of the sellers as 1,738 stocks advanced, 990 advanced and 112 remained unchanged on the BSE.
Stock Market Live News: Top Gainers And Losers
Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., ITC, and Larsen & Toubro Ltd. contributed to the gains on Nifty 50.
Trent Ltd., State Bank of India, Tata Motors Ltd., Bharat Electronics Ltd., and PowerGrid Ltd. weighed on the benchmark index.
Opening Bell: Nifty, Sensex Open Higher
Indian benchmark indices opened higher on Wednesday led by Infosys Ltd. and HDFC Bank Ltd. — a day after uncertainties around US President Donald Trump’s trade tariffs triggered a fall to June levels.
In early trade, Nifty rose 0.28% to 23,086 while the 30-stock Sensex rose 0.29% to 76,036. At pre-open, the S&P BSE Sensex Index was up 276 points, or 0.36%, at 76,114 while the NSE Nifty 50 was 74.5 points or 0.32% higher at 23,099.
The NSE Nifty 50 is likely to trade with a bearish bias as the index struggles to recover after breaking below the key psychological support level of 23,000 in Tuesday's session, according to analysts.
Analysts peg immediate support at 22,800, which aligns with the long-term trendline, while resistance is seen at 23,140. Sustained selling pressure and global uncertainties can weigh on market sentiment.
Stock Market Live News: Antique Broking On Oberoi Realty
Retains a 'buy' rating on the stock and revises the target price to Rs 2,593 apiece from Rs 2,826, implying a potential upside of 39.6%.
Attributes sales uptick to the Thane project launch, while sustenance sales remain weak.
Revises sales booking estimates for fiscal years 2025, 2026, and 2027 downward by 10%, 5%, and 11%, respectively.
Notes that the fundraising is expected to support near-term business development with a gross development value of Rs 40,000 crore.
Highlights strong cash flow visibility from the company's ready inventory.
Stock Market Live News: Sensex, Nifty Rise In Pre-Market Trade
At pre-open, the S&P BSE Sensex Index was up 276 points, or 0.36%, at 76,114 while the NSE Nifty 50 was 74.5 points or 0.32% higher at 23,099.
Stock Market Live News: Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.74%.
It closed at 6.73% on Friday.
Source: Bloomberg
Stock Market Live News: Rupee Opens Stronger
Rupee strengthened by 2 paise to open at 86.56 against the US Dollar.
It closed at 86.58 on Tuesday.
Source: Bloomberg
Stock Market Live News: Nuvama on Indiamart Intermesh
Retains a 'reduce' rating on the stock and lowers the target price to Rs 1,970 apiece from Rs 2,500.
Highlights a surprising decline in paid subscribers reported by the company.
Notes that margins remained elevated due to reduced investments.
Points to elevated churn in the silver category, despite consistent efforts over the last six quarters.
States that meaningful improvement in subscriber retention is yet to be observed.
Stock Market Live News: Brokerages On ICICI Prudential
Macquarie
Retains a 'neutral' rating on the stock with a target price of Rs 725 apiece.
Observes continued disappointment in value of new business growth.
Cites higher unit-linked insurance plan contributions, declining savings, and rising costs as factors affecting margins.
Identifies downside risks to value of new business estimates for fiscal year ending March 2025.
Goldman Sachs
Retains a 'neutral' rating on the stock and reduces the target price to Rs 650 apiece from the earlier Rs 665.
Notes that third-quarter results were in line with expectations, with annualized premium equivalent growth driven by unit-linked insurance plans.
Highlights strong annualized premium equivalent growth but at the expense of margins.
Attributes margin decline to a shift in the mix towards lower-margin unit-linked insurance plans and group funds businesses.
Stock Market Live News: Citi On Tata Technologies
Retains a 'sell' rating on the stock and reduces the target price to Rs 765 apiece from the earlier Rs 835 per share.
Highlights a revenue miss, although margins remain largely in line with expectations.
Notes near-term challenges stemming from delays in decision-making processes in the United States.
Cites weakening consumer demand and rising competition from China as concerns for the European market.
Believes near-term concerns are likely to weigh on the company’s growth trajectory.
Stock Market Live News: Morgan Stanley On Reliance Industries
Retains an 'overweight' rating on the stock and lowers the target price to Rs 1,606 apiece from the earlier Rs 1,662.
Anticipates key investor debates to transition from traditional energy to new energy and from retail to powering artificial intelligence.
Predicts new energy initiatives to support RIL's generative AI infrastructure within the next two years.
Expects new energy to emerge as a significant driver of earnings and valuation multiples.
Notes current investor focus remains on refining and retail, both of which have demonstrated demand improvement.
Stock Market Live News: Incred on Food Delivery
Initiate coverage with an 'Add' rating and a target price of Rs 270.
Initiate coverage with an 'Add' rating and a target price of Rs 540.
Imagining the blue-sky scenario indicates a significant growth potential for monthly transacting users.
The large market opportunity and food delivery profitability are expected to drive quick commerce expansion.
Scale and platform advantages are supported by structural growth drivers.
The quick commerce opportunity is ample to accommodate multiple players.
The profitable food delivery segment could provide financial support for the growth of the quick commerce business.
Advertising revenue monetization is likely to enhance the take rate.
Market Live News: Stocks To Watch
Jio Financial Services: The company and BlackRock further subscribed to Rs 5.85 crore shares of JV Jio BlackRock Asset Management for Rs 117 crore.
Medplus Health Services: The company's arm gets three suspension orders of drug licence for store situated in Karnataka.
Neuland Laboratories: The company's board approved capital expenditure of Rs 342 crore in two facilities.
JK Tyre Industries: The company received a $100 million sustainability-linked loan from International Finance Corp. The funding includes $30 million for the company and up to $70 million for its arm Cavendish Industries.
Centum Electronics: The company further invested up to €2 million in Centum T&S Group SA via its arm.
HCL Technologies: The company launched a 5,000-people delivery centre in Hyderabad.
Tanla Platforms: The company approved the sale of a 100% stake in arm Gamooga Softtech to another arm, Karix Mobile.
Vodafone Idea: The company received GST demand order worth Rs 8.9 crore, including interest, from the Mumbai government.
Zydus Lifesciences: The company's arm received a demand order with a penalty of Rs 16.6 lakh for fiscal 2018-19 on an issue about alleged excess availment of ITC.
Vedanta: Unit Balco received a GST demand order of Rs 22 lakh, including interest, from the Delhi government.
Stock Market Live News: IPO Offering Today
Denta Water And Infra Solutions: The Rs 220-crore initial public offering will open for bidding on Wednesday at a price band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.
Stock Market Live News: Trading Tweaks And Pledge Shares
Trading Tweaks
Price band change from 5% to 2%: Nitco.
Stocks moving into ASM framework: Apollo Micro Systems, IDBI Bank, Vodafone Idea.
Stocks moving out of ASM framework: Greaves Cotton.
Ex/record date for interim dividend: Bhansali Engineering Polymers, Havells India.
Ex/record date for income distribution: Anzen India Energy Yield Plus Trust.
Pledge Shares
TGV Sraac: Promoter TG Rajyalakshmi revoked a pledge of 3.22 lakh shares, while Promoter Boda Mourya revoked a pledge of 92,800 shares and Promoter Jyothsna S Mysore revoked a pledge of 13,361 shares.
Stock Market Live News: F&O Cues
Nifty January futures down by 1.26% to 23,103.20 at a premium of 79 points.
Nifty January futures open interest up by 3.1%.
Nifty Options Jan. 23 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000
Securities in ban period: Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), Kalyan Jewellers, L&T Finance, Manappuram Finance, Mahanagar Gas, RBL Bank.
Stock Market Live News: GIFT Nifty Trades Below At 23,200
Stocks in the Asia-Pacific region tracked overnight gains on Wall Street in hopes that President Donald Trump's policies would boost the outlook for the world's biggest economy.
The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was down 12 points or 0.05%, at 23,149 as of 7:25 a.m.
Australia's S&P/ASX 200 opened higher with the benchmark index advancing by 0.57%, or 48 points, to 8,451 as of 6:25 a.m. Japan's Nikkei was up 505 points, or 1.29% at 39,529. Future contracts in China and Hong Kong hinted at a cautious start.
Stocks in China gained in Tuesday's session as Trump held off from imposing trade tariffs in his inaugural speech, but later said he is considering a 10% levy as early as Feb. 1.
Meanwhile, Trump pushed to make the US an AI superpower by having fewer guardrails by immediately halting the implementation of key safety and transparency requirements for AI developers.
US 10-year treasury yields advanced after falling five basis points in the previous session, while the stocks added to their 2025 gains. The S&P 500 and the Dow Jones Industrial Average rose 0.88% and 1.24%, respectively. The tech-heavy Nasdaq Composite climbed 0.64%.
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