US Futures Advance Ahead Of US Retail Sales Data
At 3:30 p.m., futures contract of Dow Jones was up 0.2% to 43,228.3, that of S&P 500 was also 0.14% up at 5,997.50, and Nasdaq 100 futures contract was 0.25% up at 21,454.25.
Stock Market Highlights: Nifty, Sensex Extend Gains For Third Straight Session
The NSE Nifty 50 and BSE Sensex extend gains for the third straight session on Thursday, ahead of Reliance Industries Ltd., Infosys Ltd., and Axis Bank Ltd. third quarter results. After a positive opening the Nifty 50 was range bound near 23,300.
The Nifty 50 ended 318.74 points or 0.42% higher at 23,311.80, and the Sensex ended 318.74 points or 0.42% higher to 77,042.82. During the session, the Nifty 50 rose 0.77% or 178.45 points at 23,391.65. The Sensex rose 0.78% or 595.42 points higher at 77,319.50.
HDFC Life Insurance Co. and Bharat Electronics Ltd. were top gainers in the Nifty 50 index on Thursday.
"Despite a strong opening, the Index struggled to build on the initial momentum and remained rangebound," said Aditya Gaggar Director of Progressive Shares.
"Technically, after a gap-up opening, the market registered some selling pressure at higher levels; however, it succeeded to close above the 23,300/ resistance mark, which is largely positive," added Shrikant Chouhan, Head Equity Research, Kotak Securities.
ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd., HDFC Life Insurance and Bharti Airtel Ltd. added to the Nifty 50 index.
Infosys Ltd., Tata Consultancy Services Ltd., Trent Ltd., ITC Ltd. and HCL Technologies Ltd. weighed on the Nifty 50 index.
On NSE, nine sectors advanced, and three declined. The NSE PSU Bank rose the most, and the Nifty FMCG declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.92% and 1.43% higher, respectively.
On BSE, 16 sectors advanced, and five declined out of 21. The BSE Services rose the most, while the BSE FMCG declined the most.
Market breadth was skewed in favour of buyers. Around 2,777 stocks advanced, 1,188 stocks declined, and 102 stocks remained unchanged on BSE.
Stock Market At Closing
Nifty and Sensex extend gains for the third straight session.
Intraday, both Nifty and Sensex had risen 0.77% each.
Nifty ends 0.42% or 98.60 points up at 23,311.80.
Sensex ends 0.42% or 318.74 points higher at 77,042.82.
Broader indices outperformed. Nifty Midcap 100 ended 1.08% up; Nifty Smallcap 250 closed 1.21% higher.
Most sectoral indices rose with Nifty PSU Bank rising the most.
HDFC Life and BEL were top Nifty gainers.
Trent, DRL and Tata Consumers fell the most.
Auto Players Could Miss Q3 Estimates But This Firm Could Surprise, Says Nomura
Most automobile companies of India are likely to post lower-than-expected numbers in the quarter ended December, according to Nomura, but Ashok Leyland Ltd.'s numbers might positively surprise the market.
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Paytm Share Price Spikes Following 'Buy' Upgrade, Target Price Hike By Emkay
Paytm share price rose nearly 8% after Emkay Global upgraded parent One97 Communications Ltd. to a 'buy' rating from 'add'. It also raised its target price to Rs 1,050 per share from the previous Rs 750, citing the company’s improved revenue prospects and a positive regulatory environment. This revised target price, based on a discounted cash flow model, suggests a potential upside from the current levels.
Read full story here.
Q3 Results: Kesoram Industries Net Loss Widens
Kesoram Industries Q3 Highlights (Consolidated, YoY)
Revenue down 1.4% to Rs 65.5 crore versus Rs 66.4 crore.
Ebitda loss at Rs 6.2 crore versus a loss of Rs 8.7 crore.
Net loss at Rs 69.2 crore versus a loss of Rs 49.2 crore.
GMR Airports Share Price Update: Large Trade In Stock
Over 5.52 million shares of GMR Airports were traded via a block deal on Thursday. The share of GMR Airports rose as much as 0.55% to Rs 74.73 apiece.
Q3 Results: Mastek Profit Falls Over 26%
Mastek Q3 Highlights (Consolidated, QoQ)
Revenue up 0.2% to Rs 870 crore versus Rs 867 crore.
Ebit up 0.6% to Rs 124 crore versus Rs 123 crore.
Ebit margin at 14.3% versus 14.2%.
Net profit down 26.4% to Rs 94.7 crore versus Rs 129 crore.
Q3 Results: Waaree Renewable Profit Falls 16.7%
Waaree Renewable Technologies Q3 Highlights (Consolidated, YoY)
Margin at 20% versus 27%.
Ebitda down 18% to Rs 72 crore versus Rs 88 crore.
Revenue up 11% to Rs 360 crore versus Rs 324 crore.
Net profit down 16.7% to Rs 53.5 crore versus Rs 64.2 crore.
Read full story here.
Share Market News: Alok Industries Tanks After Q3 Results
The company reported a consolidated net loss of Rs 273 crore in the December quarter compared to loss of Rs 230 crore in the same quarter a year ago.
Q3 Results: Sterling & Wilson Swings To Profit
Sterling and Wilson Renewable Energy Q3 Highlights (Consolidated, YoY)
Net profit at Rs 17.1 crore versus a loss of Rs 62.4 crore.
Revenue at Rs 1,837 crore versus Rs 583 crore.
Ebitda at Rs 70.3 crore versus a loss of Rs 16.2 crore.
Margin at 3.82%.
Get live result updates here.
Q3 Results: Bhansali Engineering Net Profit Rises 1.5%
Bhansali Engineering Q3 Highlights (Consolidated, YoY)
Revenue up 18.5% at Rs 345 crore versus Rs 292 crore.
Ebitda up 10.5% at Rs 51.6 crore versus Rs 46.8 crore.
Margin at 14.9% versus 16.0%.
Net profit up 1.5% at Rs 40.8 crore versus Rs 40.2 crore.
Power Finance Share Price Update: Large Trade In Stock
Over 1.83 million shares of Power Finance were traded via a block deal on Thursday. The share of Power Finance rose as much as 1.84% to Rs 437.50 apiece.
DB Corp Q3 Results: Shares Fall After Decline In Profit
DB Corp Q3 Highlights (Consolidated, YoY)
Revenue down 0.3% to Rs 643 crore versus Rs 645 crore.
Ebitda down 3.2% to Rs 177 crore versus Rs 183 crore.
Margin at 27.6% versus 28.4%.
Net profit down 4.6% to Rs 118 crore versus Rs 124 crore.
Advertising revenue down 1% to Rs 477 crore versus Rs 482 crore.
Circulation revenue down 1.11% to Rs 356 crore versus Rs 360 crore.
Read full story here.
Stock Market Live: Bharat Dynamics Shares Rise Over 7%
Bharat Dynamics shares rise over 7% after Ministry of Defence signed a Rs 2,960 crore contract for medium-range surface-to-air missiles for Indian Navy.
Read Full Story Here.
Stock Market Live: Gland Pharma Gets Inspection Report From USFDA
Gland Pharma on Thursday gets establishment inspection report from USFDA.
Stock Market Live: EMS Shares Rise Nearly 5% On Order Win
EMS shares rose nearly 5% after it received an order worth Rs 105 crore from Deltabulk Shipping India.
Nifty Bank Trade 1.02% Higher
Nifty Bank index pared gains to trade 1.07% higher at 12:17 p.m. The Nifty PSU Bank sector is shinning with a 2.54% sectoral gain. This comes ahead of Axis Bank results today.
Stock Market Live: Sun Pharma Arm To Acquire Antine Therapeutics
Sun Pharma on Thursday said that its arm TARO Pharma has entered into an agreement to acquire 100% stake in Antibe Therapeutics, Canada.
Nifty IT Falls After A Positive Start
Nifty IT index pared gains after it opened in the positive taking cues from the global markets. The index had risen 0.26% in the early hours, but it fell over 1.79% on Thursday. In addition Infosys is set to announce its results today.
Stock Market Live: Railway Stocks Trade Higher
Railway stocks trade higher on Thursday with Ircon leading the gains.
Stock Market Live: Aluminum Stocks Gain In Trade
Global Tailwinds Help Indian Aluminum Players
China aluminum production restrictions to limit export opportunity.
Potential added EU import restrictions on Russian aluminum to help India.
Short Boost In Aluminum Price
Spot price rise 1.83% intraday to $2606/MT.
Prices up 3.3% in the past week, up 19% in the past year.
Potential Benefits To India Players
Higher aluminum prices positive for sales realizations.
Global tailwinds present opportunity, can help increase volume.
What Is Priced In?
Market factoring 17.9%/9.2% lower commodity prices for Nalco/Vedanta.
Market factoring 16.2% lower commodity prices for Hindalco.
Nalco To Have Highest Upside
Near term earnings to be upgraded if prices hold steady; Emkay .
23.5% upgrade potential for FY26 Ebitda; Emkay.
Read full story here.
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities continue to trade higher with Nifty being rangebound around 23,300 and Sensex trading 76,999.
Intraday, both Nifty and Sensex rose over 0.77%.
Nifty rose 0.77% or 178.45 points at 23,391.65.
Sensex rose 0.78% or 595.42 points higher at 77,319.50.
Broader indices also advanced. Nifty Midcap rose 1.20%; Nifty Smallcap was trading 1.09% higher.
Most sectoral indices advance, led by Nifty PSU Bank.
Nifty Bank rose 1.09%, Nifty IT was down 0.40%.
HDFC Life, SBI Life and Shriram Finance were top Nifty gainers.
Trent, Tata Consumers, HCL Tech and Nestle top Nifty losers.
Stock Market Live: Delhivery Shares Trade Higher
Delhivery shares trade higher after the company launched Rapid Commerce for 2-hour delivery service. This is for brands looking to fulfill the increasing demand for faster deliveries.
Read Full Story Here.
Q3 Earnings: L&T To Report Results On Jan. 30
Larsen and Toubro to report its results on Jan. 30. The shares of L&T was trading 0.52% higher at Rs 3,525.55.
NMDC Share Price Update: Large Trade In Stock
Over 2.19 million shares of NMDC were traded via two block deals on Thursday. The share of Axis Bank rose as much as 3.58% to Rs 65.47 apiece.
Stock Market Live: Trent Shares Face Bearish Pressure
Shares of Trent Ltd. — top Nifty stock in 2024 — are now under bearish pressure as 'sell' calls loom following a 170% run-up last year. This was sparked by Kotak Securities, which downgraded the stock on Thursday.
Read full story here.
Stock Market Live: Punjab National Bank's Shares Rise Over 3%
The shares of Punjab National Bank pared gains after rising over 3% on Thursday. This comes as the appointments committee of the cabinet clears appointment of Ashok Chandra as MD & CEO of Punjab National Bank, people in the know told NDTV Profit.
Stock Market Live: L&T Tech Share Price Hits 10% Upper Circuit
L&T Technology's share price logged its biggest jump since Oct. 19, 2021 on Thursday, as investors assessed commentary from various brokerages a day after it released its third quarter results.
Read full story here.
Stock Market Live: Zomato Share Price Spikes After CLSA Target Price Raise
Zomato Ltd.'s share price rose over 7% after CLSA raised its target price on the stock to Rs 400 per share, implying an upside of 64%. The brokerage firm has also added Zomato to its high conviction outperform list, saying the recent correction is a buying opportunity.
Read full story here.
Stock Market Live: RVNL Shares Rise Over 9%
The shares of RVNL rose over 9% on Thursday after the company received a letter of award from BSNL for development of middle mile network of Bharat Neu. The order is worth Rs 3,622 crore.
Read the full story here.
Stock Market Live: Punjab & Sind Bank Shares Rise Over 11%
The shares of Punjab & Sind Bank rose over 11% on Thursday after the company reported a two fold rise in net profit at Rs 282 crore.
Stock Market Live: Nazara Technologies Shares Rise Over 7%
The shares of Nazara Technologies rose over 7% on Thursday after the company announced that it will consider preferential issuance of equity shares on Jan. 20.
Stock Market Live: HDFC Life Insurance Hits Upper Circuit
HDFC Life Insurance Co.'s share price rose to the highest level in over one month to hist upper circuit, as most brokerages and analysts retain positive views after assessing its performance during October–December.
Read full story here.
Stock Market Live: Gensol Engineering Shares Rise Over 7%
The shares of Gensol Engineering rose over 7% on Thursday after the company announced partnership with Refex Green Mobility for the transfer of 2,997 electric 4-wheelers.
Stock Market Live: HDFC Life Insurance Share Price Hits Over One-Month High
HDFC Life Insurance Co.'s share price rose to the highest level in over one month, as most brokerages and analysts retain positive views after assessing its performance during October–December.
Stock Market Live: Garuda Constructions Shares Rises Over 9%
The shares of Garuda Constructions rose nearly 9% on Thursday after the company received order worth Rs 1,087 crore from Gorakhpur Development Authority. After the order, the company's total order book rises to Rs 2,830 crore.
Stock Market Live: Ceat Shares Fall Nearly 8% After 46% Decline In Profit
Ceat shares fall nearly 8% on Thursday after the company reports its third quarter results. The net profit fell over 46% to Rs 97 crore in comparison to Rs 181 crore reported in the same quarter last year.
Stock Market Live: Azad Engineering Shares Rise On Rs 960 Crore Order Win
Azad Engineering shares rise over 7% on Thursday after the company gets order worth Rs 960 crore From Ge Vernova International, USA for supply of airfoils for advanced gas turbine engines.
Stock Market Live: Aeroflex Industries Shares Rise Over 12%
The shares of Aeroflex Industries rose over 12% after it reported its third quarter results on Wednesday. The company's net profit rose 68.3% to Rs 15 crore versus Rs 9 crore in the same period last year.
Stock Market Live: L&T Tech Shares Jump The Most Since 2021
The shares of L&T Technology Services jumped the most since 2021 after it reported its third quarter results on Wednesday.
Stock Market Live: All Sugar Stocks Open Higher
All sugar stocks were trading in the green on Thursday with Bajaj Hindustan in lead.
Stock Market Live: All Adani Stocks Open Higher
Shares of Adani Group companies surged in early trading on Thursday, with notable gains in Adani Power Ltd. and Adani Green Energy Ltd. The rally continued a positive momentum seen earlier this week, marking a strong performance across the conglomerate's stocks.
Read full story here.
Stock Market Live: Most Sectors Advance With Nifty PSU Bank In Lead
On NSE, out of 12 sectors 10 advanced while two fell. The NSE Pharma was the worst performing sector during open, while the NSE PSU Bank was the best performing sector.
Stock Market Live: HDFC Bank, SBI Add On The Nifty 50 Index
HDFC Bank Ltd., State Bank of India, HDFC Life Ltd., ICICI Bank Ltd., and Adani Enterprise Ltd. added on the Nifty 50 index.
ITC Ltd., Hindustan Unilever Ltd., Sun Pharma Ltd., Nestle Ltd. and Trent Ltd. weighed to the Nifty 50 index.
Stock Market Live: Nifty, Sensex Open Higher For Third Consecutive Session
The NSE Nifty 50 and BSE Sensex open in the green for the third consecutive session ahead of Infosys, Reliance Industries and Axis Bank third quarter results. The Nifty 50 opened 164.10 points or 0.71% up at 23,377.30, and the Sensex was 593.10 points or 0.77% higher at 77,317.20.
"There could also be some short covering ahead of today's weekly Nifty expiry," said Vikas Jain, Head of Research at Reliance Securities. He also said that in addition to the tech stocks, banking and railway stocks will also see positive momentum.
Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open
At pre-open, the NSE Nifty 50 was trading 164.05 points or 0.71% higher at 23,377.25. The BSE Sensex was 593.10 points or 0.77% higher at 77,317.18.
Nifty Today: Check Today's Projected Range
Nifty is expected to trade between 23,000 and 23,650, according to IFA Global. Bank Nifty is likely to trade between 48,450 and 49,600.
"India VIX cooled off by another 1.4% yesterday as Nifty closed positive for two consecutive sessions.," the note said.
Rupee Vs Dollar Today: Indian Currency Opens Weaker Against Dollar
Rupee weakened by 6 paise to open at 86.42 against the US Dollar. It closed at 86.36 on Wednesday.
Source: Bloomberg
The dollar index is 0.01% lower at 109.09. Brent crude is up 0.30% to $82.28.
Rupee Vs Dollar: Check Today's Trading Range
The Indian Rupee strengthened by 27 paise to 86.36 on overall Dollar weakness and likely intervention by RBI.
The currency is expected to open around 86.43 and trade an 86.30-86.55 range with weakening bias, according to India Forex And Asset Management Pvt. (IFA Global).
Meanwhile, the 1-year forward yield came off 13 basis points to 2.45%. On the other hand, the 3-month at-the-money-forward (ATMF) implied volatility rose by 3 basis points to 3.84%.
L&T Tech Q3 Results Review: What Citi Has To Say
Citi has maintained a "Sell" rating on L&T Technology Services and cut its target price to Rs 4,435 from Rs 4,500.
The company’s performance was largely in line with expectations, but its revenue guidance has been revised down. The revised guidance now indicates a near 10% revenue growth, including the acquisition, with organic growth expected to be around 8%, down from the earlier projection of 8-10%.
Citi anticipates financial year 2026 will be a better year than financial year 2025. The Mobility segment is expected to show muted growth, while the momentum in Sustainability and Hi-tech sectors is likely to continue into fourth quarter.
L&T Tech Q3 Results Review: What Macquarie Has To Say
Macquarie has maintained an "Underperform" rating on L&T Technology Services with a target price of Rs 4,310.
The company has seen strong growth in its Technology vertical, highlighted by record deal wins it said in its note. The acquisition of Intelliswift has shifted the portfolio towards the faster-growing Digital Software Engineering segment.
However, the Mobility segment experienced a 5.2% decline in quarter-on-quarter growth in constant currency terms, with expectations of continued challenges in the automotive sector for the next few quarters.
Overall, Macquarie believes that IT Services firms are poised to grow faster than Engineering Research and Development firms.
Nifty Today: What F&O Cues Indicate
Nifty January futures up by 0.02% to 23,275 at a premium of 62 points.
Nifty January futures open interest down by 1.58%
Nifty Options Jan. 16 Expiry: Maximum call open interest at 23,300 and maximum put open interest at 23,200
Securities in ban period: AARTI Industries, Aditya Birla Fashion and retail, Angle One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manapurram Finance.
Dollar Check
The US Dollar index is down 0.05% at 109.06.
Euro was down 0.02% at 1.0289
Pound was up 0.12% at 0.8179
Yen was down 0.47% at 155.65
Stock Market News Live: Global Check
Stocks in the Asia-Pacific region advanced on Thursday following a surge in US markets.
Australia's S&P/ASX 200 opened higher with the benchmark index advancing by 1.42%, or 116.73 points, to 8,330 as of 6:40 a.m. ahead of the release of employment data in Australia. Japan's Nikkei was up 396.19 points, or 1.03% at 38,840.77.
Future contracts in Mainland China were to a positive start, even those in the US rose in early trade on Thursday.
US markets breathed a sigh of relief on Wednesday after it saw a muted session on Tuesday with slight decline in tech stocks. The S&P 500 rose 1.83% to close at 5,949.91, its biggest gains since the aftermath of the US election. While the Dow Jones Industrial Average advanced 1.65% to 43,221.55, Nasdaq Composite climbed 2.45% to 19,511.23.
Stock Market News Live: GIFT Nifty Trades Above At 23,400
The GIFT Nifty was trading above 23,400 early Thursday ahead of Infosys and Reliance Industries results. The futures contract based on the benchmark Nifty 50 rose 0.04% at 23,410 as of 7:15 a.m.
The Indian equities ended higher on Wednesday as NSE Nifty 50 and BSE Sensex extend gains for the second straight session, ahead of the US CPI data. After a positive opening the markets remained non-directional as traders were possibly waiting for a breakout on either side.
The Nifty 50 ended 37.15 points or 0.16% higher at 23,213.20, and the Sensex ended 224.45 points or 0.29% higher to 76,724.08. During the session, the Nifty 50 rose 0.51% to the day's high of 23,293.65. The Sensex rose 0.64% to 76,835.61.
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