KEY HIGHLIGHTS
Rupee Closes Stronger Against Dollar
Rupee strengthened by four paise to close at 86.57 against the US dollar.
It closed at 86.61 on Friday.
Source: Bloomberg
Stock Market Live: Nifty, Sensex Gain Ahead Of Trump Inauguration
Indian benchmark indices closed higher after a blip as the world readies for Donald Trump's swearing-in as the 47th US president along with the flurry of executive orders he is expected to sign.
The gains in the key gauges were driven by Kotak Mahindra Bank Ltd. and Wipro Ltd. as positive earnings triggered target price hike by analysts.
The S&P BSE Sensex Index closed 454 points, or 0.59%, at 77,073 while the NSE Nifty 50 was 141 points or 0.61% higher at 23,344.
Intraday, the NSE Nifty 50 advanced 0.81% to 23,391, and the S&P BSE Sensex rose 0.91% to 77,318.9. The gains during the day led the indices to notch the second-best session so far this year.
Indian stock's bull-bear gauge has moved to 'extreme bearish' ahead of a flurry of key macroeconomic events, with only a "relief rally within a larger correction" on the horizon, according to analysts at CLSA. They see that the market may only see a relief rally within a larger correction.
Kotak Mahindra Bank Ltd., HDFC Bank Ltd., Bajaj Finance Ltd., State Bank of India, and ICICI Bank Ltd. added positively to the benchmark index.
Tata Consultancy Services Ltd., Trent Ltd., ITC Ltd., Mahindra & Mahindra Ltd., and SBI Life Insurance Co. Ltd. limited gains to the benchmark index.
On NSE, 10 sectors out of 12 ended in positive, and two sectors ended in negative. The Nifty PSU Bank and Bank Index rose over 1.5% to become the best performer among sectoral indices, and the Nifty Auto index fell the most.
On BSE, 18 sectors advanced and three declined out of 21. The BSE Telecommunication rose the most, while the BSE Auto declined the most.
The BSE Midcap ended 0.66% higher. The BSE Smallcap ended 0.82% to outperform large-cap and midcap stock gauges.
Market breadth was skewed in favour buyers. Around 2,505 stocks advanced, 1,542 stocks declined, and 176 stocks remained unchanged on BSE.
Stock Market Live: Zomato Shares Fall As Profit Slips 66%
Shares of Zomato Ltd. fell over 1% on Monday after it reported over 65% decline in its net profit for the third quarter. The profit for the company fell 66% to Rs 59 crore in the December quarter against Rs 176 crore in the previous quarter.
Zomato Q3 Results (Consolidated, QoQ)
Net Profit down 66% at Rs 59 crore vs Rs 176 crore.
Revenue up 12.6% at Rs 5,405 crore vs Rs 4,799 crore.
Ebitda down 28% at Rs 162 crore vs Rs 226 crore.
Margin at 3% versus 4.7%.
Stock Market Live: Nazara To Raise Rs 495 Crore From Axana Estates
Nazara Technologies Ltd. on Monday announced that it will raise Rs 495 crore via preferential issue of shares. The shares will be allocated to Axana Estates LLP at an issue price of Rs 990 apiece, which is a 5% discount to the current market price.
The shares of Nazara Technologies rose as much as 5.14% to Rs 1,075 apiece, the highest level since Jan. 10.
Read more here.
Stock Market Live: Central Bank of India Net Profit Rises 33.6%
Shares of Central Bank of India Ltd. surged over 4% on Monday after it reported over 30% jump in its net profit for the third quarter. The profit for the company rose 33.6% to Rs 959 crore in the December quarter against Rs 718 crore in the same period last year.
Central Bank of India Q3 Highlights
Net profit up 33.6% to Rs 959 crore versus Rs 718 crore (YoY).
Gross NPA at 3.86% versus 4.59% (QoQ).
Net NPA at 0.59% versus 0.69% (QoQ).
NII up 12% to Rs 3,540 crore versus Rs 3,152 crore (YoY).
Stock Market Live: ITC Hotels Likely To Start Trading Before Budget 2025
ITC Hotels Ltd., the hotel arm of ITC Ltd., will list before the budget day, according to people aware of the development told NDTV Profit.
ITC Hotels was demerged as a separate entity with effect from Jan. 1, 2025, and is supposed to list within 60 days. The record and ex-date for the demerger was Jan. 6, 2025.
On Jan. 6, through a special pre-open session, the hotel assets of ITC were demerged from the cigarette major. The demerged portion was valued at Rs 26 per share and continues to remain dormant along with ITC on nearly 60 indices including the benchmark NSE Nifty 50 and BSE Sensex 30.
Read more here.
Stock Market Live: KVB Shares Rise After 20.5% Profit Growth
Shares of Karur Vysya Bank Ltd. surged over 4% on Monday after it reported over 20% jump in its net profit for the third quarter. The profit for the company rose 20.5% to Rs 496 crore in the December quarter against Rs 412 crore in the same period last year.
Karur Vysya Bank Q3 Highlights
Net profit up 20.5% to Rs 496 crore versus Rs 412 crore (YoY).
Net NPA at 0.20% versus 0.28% (QoQ).
Gross NPA at 0.83% versus 1.10% (QoQ).
NII up 8% to Rs 1,079 crore versus Rs 1,001 crore (YoY).
Stock Market Live: Waaree Renewable Shares Rise On Rs 277 Crore Order Win
Shares of Waaree Renewable Technologies rose over 6% on Monday after it received a letter of intent for a project worth Rs 277.20 crore.
The order from a leading wind energy company is scheduled to be completed in financial year 2025-26, according to the exchange filing. The company, as per the terms of the order, will develop the ground mount solar power project of 105 MWp capacity on turnkey basis.
Shares of Waaree Renewable Technologies rose as much as 6.29% to Rs 1,110 apiece, the highest level since January 16. It pared gains to trade 4.74% higher at Rs 1,093 apiece, as of 12:11 p.m. This compares to a 0.73% advance in the BSE Sensex Index.
Read more here.
Stock Market Live: Newgen Software Surges On 26% Profit Growth
Shares of Newgen Software Ltd. rallied over 5% on Monday after it reported over 25% jump in its net profit for the third quarter. The profit for the company rose 26.6% to Rs 89 crore in the December quarter against Rs 70.3 crore in the September quarter.
Newgen Software Q3 Highlights (Consolidated, QoQ)
Net profit up 26.6% to Rs 89 crore versus Rs 70.3 crore.
Revenue up 5.5% to Rs 381 crore versus Rs 361 crore.
EBIT up 33% to Rs 100 crore versus Rs 75 crore.
EBIT margin at 26.2% versus 20.8%.
Stock Market Live: Investec On Glenmark Pharma
Maintains 'buy'; sets target price at Rs 1,900 (+26%).
Highlights multiple upcoming triggers.
Reports positive Phase 1 data for multiple myeloma (MM) candidate ISB2001.
Notes MM as the third-largest blood cancer type with a $33 billion market opportunity by CY30.
ISB 2001 is well-positioned in this space.
Plans to out-license or co-develop ISB 2001, with potential materialization by FY26.
Successful licensing could reduce R&D expenses, driving upgrades and better financial performance.
Stock Market Live: Macro Check As Of 1:00 P.M.
The Dollar Spot Index at $109.09
Rupee Strengthened by 6 paise to trade at 86.55.
India 10-Year Bond Yield at 6.81%
U.S. 10-Year Bond Yield at 4.63%
Spot gold rose 0.13% to $2,706.63 an ounce
Bitcoin rose 4.5% to $108,217.56
Stock Market Live: Krystal Integrated Net Profit Rises 17.8%
Krystal Integrated Services Q3 Highlights (Consolidated, YoY)
Revenue down 2.4% to Rs 276 crore versus Rs 283 crore.
Ebitda down 6.4% to Rs 17.7 crore versus Rs 18.9 crore.
Ebitda margin at 6.4% versus 6.7%.
Net profit up 17.8% to Rs 10.6 crore versus Rs 9 crore.
Stock Market Live: Bitcoin Rises To Record On Eve Of Trump Inauguration
Bitcoin — the largest cryptocurrency — rose to a record high on the eve of Donald Trump's second presidential inauguration. Bitcoin has climbed as much as 13% since Sunday, putting it on pace for the biggest weekly gain since election week in November.
While Donald Trump walks into the White House on Monday afternoon soon after his swearing-in, over 100 executive orders would be waiting for him on his Oval Office Desk.
Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to Bloomberg.
Stock Market Live: Advait Energy Gets LoA From Solar Energy Corp
Advait Energy Transitions Ltd. received a letter of acceptance For PLI for setting up manufacturing alkaline electrolysers with capacity of 200 MW from Solar Energy Corp.
Source: Exchange Filing
Stock Market Live: Bernstein On Paytm After Q3 Results
Maintains 'outperform' with a target price at Rs 1,100 per share, implying an upside of 23% from previous close.
Reports a strong quarter despite a challenging operating environment.
Loan disbursals rise 6% quarter-on-quarter.
Effective cost control brings Paytm closer to profitability.
Gross merchandise value nears the peak observed in December 2023.
Monthly transacting users reach a new high of 72 million in December 2024.
Stock Market Live: Globus Spirits Share Price Hits Two-Month High
Share price of Globus Spirits Ltd. surged over 17% on Monday after the Ministry of Consumer Affairs, Food & Public Distribution reduced the price of rice for supply of ethanol distilleries.
The ministry had reduced the price for rice for ethanol distilleries to Rs 22.50 per kg from the initial Rs 28 per kg, according to the exchange filing on Monday. The ministry made this announcement in a notice dated Jan. 17.
Read full story here.
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities were trading higher with Nifty rising 0.65% and Sensex trading 0.77% higher.
Intraday, both Nifty and Sensex rose over 0.75%.
Broader indices underperformed benchmark peers.
Nifty Midcap rose 0.14%; Nifty Smallcap was trading 0.47% higher.
Most sectoral indices advance, led by PSU Banks.
Nifty Auto fell 0.34%, and Nifty FMCG was down 0.17%.
Kotak Mahindra Bank, Wipro and Bajaj Finance were top Nifty gainers.
Shriram Finance, SBI Life and Trent were top Nifty lossers.
Stock Of The Day: Vi Shares Top Rs 10 For First Time Since Oct 2024
Shares of Vodafone Idea Ltd. topped the psychologically crucial Rs 10-level on Monday — after it fell on Oct. 4 last year — on reports that the Adjusted Gross Revenue dues waiver could propel the stock prices further.
The stock has risen nearly 30% in the last 14 sessions in 2025 after having fallen 36% in the last 12 months. The momentum change to the upside was triggered by the engulfing daily candle on Jan. 14.
Despite the jump in shares today, the stock is trading below the long-term sentiment gauge — the 200-day moving average. The scrip, however, currently is above the 14-day simple moving average and the 21-day exponential moving average.
Currently, resistance for the stock is at the Rs 11-mark. A breakout of that could take the stock towards Citi Research's target of Rs 13 per share. On the downside, the Rs 9.75 range will act as support for the stock.
The stock rose as much as 14.93% to Rs 11.47 per share on Thursday, compared to the 0.42% rise in Nifty 50. The relative strength index was at 77, indicating the stock is overbought.
Four out of the 22 analysts tracking the company have a 'buy' rating on the stock, five suggest a 'hold' and 13 have a 'sell', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential downside of 20%.
Stock Market Live: Airtel Enters Into Strategic Partnership With Bajaj Finance
Bharti Airtel Ltd. has partnered with Bajaj Finance Ltd. to create digital platforms for financial services in India. Airtel will offer most of Bajaj Finance’s retail financial offerings to all Its 370 million customers, according to an exchange filing on Monday.
Stock Market Live: Top Stories This Hour
Budget 2025: FM Sitharaman May Propose New Income Tax Bill — Profit Exclusive
Indian Stocks Sentiment In 'Extreme Bearish' Zone As Key Macro Events Loom
Budget 2025: Capex Growth Could Fall Short Of Target, Says Jefferies
Baseless And Defamatory: Motilal Oswal Clarifies On Kalyan Jewellers Rumours
Indian IT Earnings Downgrade, High Valuations Cast Shadow On Citi's Outlook
Stock Market Live: UBL Shares Rally On Resuming Beer Supply To Telangana
Shares of United Breweries Ltd. surged on Monday after it resumed its beer supply To Telangana Beverages Co. With immediate Effect.
This move follows a series of constructive discussions between the two parties, with TGBCL assuring United Breweries that concerns related to pricing and outstanding payments will be addressed in a time-bound manner, the company reported in an exchange filing.
UBL's stock rose as much as 6.34% during the day to Rs 2,075 apiece on the NSE. It was trading 3.89% higher at Rs 2,027.3 apiece, compared to a 0.48% advance in the benchmark Nifty 50 as of 11:22a.m.
It has risen 10% during the last 12 months. The relative strength index was at 52.
Seven out of the 16 analysts tracking the company have a 'buy' rating on the stock, four suggest a 'hold' and five has a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 2%.
Stock Market Live: NCLT Orders Liquidation Of GoFirst
The National Company Law Tribunal has ordered the liquidation of GoFirst, according to tribunal's proceedings.
In May 2023, GoFirst had initiated a voluntary insolvency resolution process. After failing to find a suitable buyer within the prescribed time, GoFirst moved for liquidation.
Source: NCLT Proceedings
Stock Market Live: Macro Check As Of 11:00 A.M.
The Dollar Spot Index at $109.10
Rupee Strengthened by 12 paise to trade at 86.49.
India 10-Year Bond Yield at 6.81%
U.S. 10-Year Bond Yield at 4.63%
Spot gold rose 0.11% to $2,706.09 an ounce
Bitcoin fell 1.19% to $102,352.19
Stock Market Live: Netweb Technologies At Over Seven-Month Low
Shares of Netweb Technologies Ltd. fell nearly 11% to hit an over seven-month low on Monday, despite the company reporting a 17.9% rise in net profit, driven by demand in artificial intelligence-related projects.
The domestic IT server maker recorded a consolidated net profit of Rs 30.3 crore for the quarter ended December, compared to Rs 25.7 crore in the same quarter of the previous fiscal, according to its stock exchange notification.
Shares of Netweb Technolgies fell as much as 10.83% to Rs 2,085 apiece, the lowest level since May 2024. They pared loss to trade 9.03% lower at Rs 2,127.25 apiece, as of 10:15 a.m. This compares to a 0.11% advance in the NSE Nifty 50.
The stock has risen 50.50% in the last 12 months. Total traded volume so far in the day stood at 9.6 times its 30-day average. The relative strength index was at 25 indicating that the stock was oversold.
The two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 34.6%.
Stock Market Live: Paytm Reports Net Loss of Rs 208.3 Crore
Paytm Q3 Highlights (Consolidated, QoQ)
Net loss at Rs 208.3 crore versus a profit of Rs 928.3 crore.
Revenue up 10.1% to Rs 1,828 crore versus Rs 1,660 crore.
Ebitda loss at Rs 222 crore versus a loss of Rs 403 crore.
Other Announcments
Default Loss Guarantee Limit To SMFG India Credit For Loans To Merchants Increased To Rs 350 crore.
Arm Paytm Cloud Tech To Incorporate Wholly Owned Subsidiaries In UAE, Saudi Arabia and Singapore
Arm Mobiquest Mobile Tech To Sell 100% Stake In Unit Xceed IT Solutions
Business Plans To Incorporate Subsidiaries In GIFT City Likely To Be Completed In Next 24 Months
(Source: Exchange Filing)
Stock Market Live: Kalyan Jewellers’ Shares Recovers
Shares of Kalyan Jewellers India Ltd. soared over 9.3% on Monday, rebounding from recent declines after a clarification was issued by Motilal Oswal Asset Management Co. regarding its investments in the jewellery giant.
On Sunday, Motilal Oswal AMC responded to allegations circulating on social media, which suggested that its fund managers were involved in a bribery scheme to artificially inflate the stock price of Kalyan Jewellers. In a statement, the firm called the claims “baseless, malicious, and defamatory,” and categorically denied any wrongdoing.
“These baseless accusations are a deliberate attempt by individuals with vested interests to malign the good reputation that our firm and leadership have built over decades,” the company said.
Share price of Kalyan Jewellers rose as much as 9.33% to Rs 548.30 apiece. It pared gains to trade 8.87% higher at Rs 546 apiece, as of 10:06 a.m. This compares to a flat NSE Nifty 50.
The stock has risen 51.08% in the last 12 months. Total traded volume so far in the day stood at 9.3 times its 30-day average. The relative strength index was at 31.
Out of nine analysts tracking the company, eight maintain a 'buy' rating, and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 42%.
Stock Market Live: Volatility Surges Ahead Of Trump Inauguration
Market volatility in the Indian stock market surged 5% in Monday's trade as traders prepare for Donald Trump swearing-in as the 47th US president.
Trump will return to the White House for the second time after winning the 2024 Presidential race against Democrat Kamala Harris. He will officially be sworn in as the President of the United States on Monday, Jan. 20. This day, traditionally known as Inauguration Day, is marked by events filled with pomp and celebration.
Trump will attend the signing ceremony at the President’s Room in the Capitol, where he is expected to sign a host of documents.
The executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders upon taking office.
India's voality gauge — India VIX — surged over 5% to 17.02 in early trade on Monday.
Stock Market Live: Brokerages on Kotak Mahindra Bank
DAM Capital
Upgrades to 'buy' from 'neutral'; sets target price at Rs 2,020.
Reports robust business growth and better-than-expected operating internals.
Notes lower slippages and strong operational efficiency despite the RBI embargo.
Provisions were higher due to the bank’s aggressive policy.
Sees valuations in a decent range at 2.0-2.1x core book.
Motilal Oswal (MOSL)
Upgrades to 'buy' from 'neutral'; raises target price to Rs 2,100 (from Rs 1,900).
Highlights steady performance despite macro challenges with a healthy return on assets (RoA) outlook.
Notes improved asset quality with declining slippages quarter-on-quarter.
Marginally increases earnings estimates; expects FY26 RoA/RoE at 2.2%/13.5%.
ICICI Securities
Upgrades to 'buy' from 'hold'; revises target price to Rs 2,050 (from Rs 1,850).
Reports a steady quarter amid tough conditions.
Attributes potential re-rating to growth leadership and an improving asset quality outlook.
Highlights strong positioning in business growth and better outlook on unsecured personal loans.
Nuvama
Upgrades to 'buy' from 'reduce'; raises target price to Rs 2,040 (from Rs 1,615).
Reports 3% quarter-on-quarter growth in core pre-provision operating profit driven by better net interest margin (NIM), growth, and opex control.
Notes improvement in asset quality.
Commends the bank’s strong Q3 performance despite the RBI ban.
Believes the bank offers growth, quality, and safety amid weak deposit growth and high non-performing loans (NPLs).
Stock Market Live: Laxmi Dental Shares Lists At 23% Premium
Shares of Laxmi Dental Ltd. debuted on the National Stock Exchange at Rs 542 per share, marking a premium of 26.6% over the issue price of Rs 428. The stock listed on the BSE at Rs 528 apiece, at a premium of 23.4%.
The Rs 698.1-crore initial public offering was subscribed 114.42 times on its third and final day on Jan. 15. The three-day IPO consisted of a fresh issue of Rs 138 crore and an offer for sale of Rs 560.1 crore, according to the red herring prospectus.
Stock Market Live: Wipro Shares Soar After Q3 Results
Share price of IT major Wipro Ltd. surged over 8% on Monday, after the company's net profit and revenue rose in the third quarter of fiscal 2025.
For the quarter ended Dec. 31, 2024, Wipro’s revenue came in at Rs 22,319 crore, slightly above analyst estimates of Rs 22,218 crore, showing a marginal increase of 0.1%, compared to the previous quarter.
The company’s net profit rose 4% quarter-on-quarter at Rs 3,354 crore, which also exceeded market expectations of Rs 3,057.4 crore.
Most brokerages maintained their rating on the shares of Wipro Ltd., given the margin growth and improving demand commentary.
The scrip rose as much as 8.32% to Rs 305.40 apiece. It pared gains to trade 7.25% higher at Rs 302.40 apiece, as of 09:37 a.m. This compares to a flat NSE Nifty 50.
It has risen 26.54% in the last 12 months. Total traded volume so far in the day stood at 15 times its 30-day average. The relative strength index was at 54.
Out of 45 analysts tracking the company, 12 maintain a 'buy' rating, 14 recommend a 'hold' and 19 suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 3.9%.
Stock Market Live: Wipro Ratings Maintained On Positive Demand Outlook
Most brokerages maintained their rating on the shares of Wipro Ltd., after the IT firm reported third quarter results that beat market expectations, with margin growth and improving demand commentary.
Wipro’s growth was mainly driven by execution rigor and continued demand uptick in Capco. The company posted revenue growth in the upper end of the guided range, which was stemmed by the pickup in demand environment and deal pipeline, noted IDBI Capital Equity Research.
The brokerage maintained its ‘hold’ rating on the stock, as it expects the company to perform well in the long run. It values the stock at target price of Rs 299 per share by rolling in FY27.
Nirmal Bang also reiterated its ‘hold’ rating on Wipro and maintained the valuation multiple of 21.3 times on Dec’26E EPS of 14.4 per share, to get the target price of Rs 306.
Stock Market Live: Kotak Bank Shares Jump 9% As Q3 Result Spark Upgrades
Kotak Mahindra Bank Ltd. share price surged nearly 9% during early trade on Monday after the lender reported better than expected business growth and stable margin in the third quarter of fiscal 2025, leading to ratings upgrade from analysts.
The lender's standalone net profit rose by 10% year-on-year to Rs 3,305 crore in the quarter ended Dec. 31, 2024, slightly below the consensus estimate of Rs 3,338 crore of analysts tracked by Bloomberg. The profit rise was limited due to a sharp climb in provisions, which rose 37% on-year to Rs 794.1 crore during the quarter.
Given its performance in October-December, with higher common equity tier-I and strong liquidity coverage ratio, the bank is better positioned to face the current environment, said Nuvama Institutional Equities.
The brokerage has upgraded the stock to 'buy' from 'reduce' and its target price by 26% to Rs 2,040 per share, as it sees Kotak Mahindra Bank offering both growth and quality.
Kotak Mahindra Bank share price surged 8.8% to Rs 1,913 soon after market open, the highest since Oct. 16. The benchmark Nifty 50 was flat.
The stock has risen 5.6% in the last 12 months. The relative strength index was at 66.
Thirty-five out of the 44 analysts tracking Kotak Mahindra Bank have a 'buy' rating on the stock, four recommend a 'hold' and five suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price target of Rs 2,051 implies a potential upside of 8.5%.
Stock Market Live: Sectors And Broader Market Performance
Nine out of the 12 sectors on the NSE advanced, with Nifty Media, Nifty Realty rising the most on Monday. Nifty Metal and Auto fell the most in early trade.
The broader markets underperformed the larger peers, with the BSE MidCap falling by 0.10% and the SmallCap rising 0.11%.
Eleven out of the 20 sectors compiled by BSE advanced, with Bankex and Consumer Durables climbing the most.
The market breadth was skewed in favour of the buyers as 1,743 stocks advanced, 1,288 declined and 164 remained unchanged on the BSE.
Stock Market Live: Top Movers On The Nifty 50 Index
Shares of Kotak Mahindra Bank Ltd., Reliance Industries Ltd., Wipro Ltd., Bharti Airtel Ltd. and State Bank of India led gains in Nifty.
ICICI Bank Ltd., HDFC Bank Ltd., SBI Life Ltd., Infosys Ltd. and Tata Motors Ltd. weighed on the index.
Opening Bell: Nifty, Sensex Open Higher
Indian benchmark indices opened higher on Monday taking positive cues from its Asian peers as traders gear up for Donald Trump's swearing-in as the 47th US president.
At pre-open, the S&P BSE Sensex Index was up 359 points, or 0.47%, at 76,978.5 while the NSE Nifty 50 was 87.2 points, or 0.38%, at 23,290.4.
Though the 23,000 region diffused a massive bearish plunge, the technical structure of the recovery wave that had been in the making all through last week appears dismantled, according to Anand James, Chief Market Strategist, Geojit Financial Services. "While we continue to view 23370/90 as the level to beat, 23550-640 objectives continue to appear possible."
Stock Market Live: Sensex, Nifty Rise In Pre-Market Trade
At pre-open, the S&P BSE Sensex Index was up 359 points, or 0.47%, at 76,978.5 while the NSE Nifty 50 was 87.2 points, or 0.38%, at 23,290.4.
Stock Market Live: Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.76%.
It closed at 6.76% on Friday.
Source: Bloomberg
Stock Market Live: Rupee Opens Stronger Against US Dollar
Rupee Strengthened by 14 paise to open at 86.47 against the US Dollar.
It closed at 86.61 on Friday.
Source: Bloomberg
Stock Market Live: Indian IT Sector Outlook
Third-quarter earnings show modest improvement in discretionary spending, muted deal total contract value and flat margins.
Defensive positioning in Indian IT has driven NSEIT’s valuation premium to 15-year highs, ~50% above Nifty.
Consensus earnings still face downside risks, with high valuations not fully pricing in potential challenges.
Maintain a cautious view on Indian IT.
Retain 'underweight' on Indian IT in the India strategy context.
Stock Market Live: Indian Stocks Sentiment Moves To 'Extreme Bearish' Ahead Of Key Events
Indian stock market's bull-bear index has moved to 'extreme bearish' ahead of key macroeconomic events and are poised for a "relief rally within a larger correction," according to CLSA.
After a 12% fall in the Nifty in less than four months, the CLSA India Bull Bear Index has moved from extreme bullish to extreme bearish, it said in a note on Monday. "Such extreme bearish sentiment has typically preceded a market rally."
The market has low expectations going into the coming macro-heavy three-week period. The beginning of Donald Trump's presidency, the 2025 budget and the first policy meeting under the new Reserve Bank of India's head are key monitorable for CLSA.
The policies by Trump during his initial days will hint at how disruptive it may end up being for global trade, geopolitics, the US dollar, etc. "This will set the tone for flows into emerging markets like India," it said.
The brokerage said that the market may only see a relief rally within a larger correction. It maintained its defensive, low beta and mega-cap positioning of its India focus portfolio.
The recent peak in September 2024 coincided with an extremely bullish signal amid the primary market frenzy and China awakening, CLSA said.
As of last week, the benchmark Nifty 50 saw its worst start to a year since 2016, with a fall of 4.83% in the first nine sessions. Since its life-high last year, the gauge has fallen by 11.5%. The small-cap benchmark—NSE Small Cap 250—has tumbled over 6.40% in the first nine sessions in 2025, the highest in any year.
Analysts at CLSA see the bearish sentiment as a silver lining. The market is going into important macro events with light sentiment, which equates to low expectations build-up, it said. "Historically, such weak sentiment has acted as a good signal for at least an interim low followed by an up-move."
Fears of trade disruptions, a further rise in Indian bond yields, a weakening rupee, risks of earnings cuts, a slower normalisation of domestic growth and limited valuation hints that the upside will only be a relief rally, CLSA said.
Stock Market Live: Asian Stocks Hint At Positive Open For India
Asia-Pacific stocks powered ahead taking cues from a positive Wall Street close as traders brace for Donald Trump's swearing-in as the 47th US president.
Australia's S&P/ASX 200 was higher by 0.28%, or 24 points, to 8,222 as of 8:12 a.m. Japan's Nikkei was up 488 points, or 1.27% at 38,940. China's CSI 300 rose 1.96%.
The optimistic conversation between Donald Trump and Chinese leader Xi Jinping also set the tone for a positive start to trading. Further, TikTok restored service in the US as Trump announced he would extend a deadline to sell the company.
The executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders upon taking office.
The World Economic Forum kicks off in Davos, Switzerland, on Monday drawing heads of state, central bankers, and business leaders to discuss pressing global issues.
Additionally, China is set to release its loan prime rates, and Japan will publish data on its tertiary index, machinery orders, and industrial production. The rate will likely be on hold for a third straight month, according to Bloomberg Intelligence.
Bitcoin traded above the $100,000 mark. The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was 0.10% down at 109.23. The Bloomberg gauge of the greenback has risen over 5% in the 10 weeks since Election Day.
Meanwhile, the US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.
The ceasefire in the Gaza war began taking hold as Hamas released three hostages in exchange for 90 Palestinians held in Israeli prisons. The Brent crude was trading 0.16% higher at $80.92 a barrel as of 7:00 a.m. IST, and the West Texas Intermediate was up 0.15% at $78.00.
Stock Market News Live: Earnings In Focus Today
The third-quarter earnings season picks up pace, with major firms like Zomato Ltd., One 97 Communications Ltd., L&T Finance Ltd., and Oberoi Realty Ltd. set to announce their results on Monday.
As per the BSE calendar, a total of 37 companies are expected to announce their third-quarter results on Jan. 20.
AGI Greenpac, APL Apollo Tubes, Central Bank Of India, Dixon Technologies (India), IDBI Bank, Indostar Capital Finance, Indian Overseas Bank, Indian Railway Finance Corporation, ICICI Securities, Jammu & Kashmir Bank will announce their results on Monday.
Other companies include L&T Finance, Multi Commodity Exchange Of India, Mangalore Refinery & Petrochemicals, Newgen Software Technologies, Raghav Productivity Enhancers, Sunteck Realty, Supreme Industries, Vidhi Specialty Food Ingredients.
Stock Market News Live: F&O Cues For Monday
Nifty January futures down by 0.5% to 23,261 at a premium of 58 points.
Nifty January futures open interest up by 3.94%
Nifty Options Jan. 16 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000
Securities in ban period: AARTI Industries, Aditya Birla Fashion and retail, Angle One, Bandhan Bank, Can Fin Homes Ltd, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manappuram Finance.
Stock Market News Live: Primary Markets Watch
IPO Offerings
Stallion India Fluorochemicals Ltd.: The public issue was subscribed to 32.12 times on Day 2. The QIBs bid at 0.31 times, non-institutional investors' bidding was at 77.08 times, retail individual investors' bidding was at 31.03 times.
Listings
Laxmi Dental: The company's shares will debut on the stock exchanges on Monday at an issue price of Rs 428 apiece. The Rs 698.1-crore IPO was subscribed 114.42 times on its final day, led by demand from non-institutional investors.
Stock Market News Live: Earnings Post Market Hours
Tech Mahindra Q3FY25 (Consolidated QoQ)
Revenue down 0.2% at Rs 13,286 crore versus Rs 13,313 crore (Bloomberg estimate at Rs 13,319 crore).
Ebit up 5.4% at Rs 1,350 crore vs Rs 1,280 crore (Bloomberg estimate at Rs 1,325 crore).
Margin at 10.2% versus 9.6% (Bloomberg estimate at 9.9%).
Net profit down 21.4% at Rs 983 crore versus Rs 1,250 crore (Bloomberg estimate at Rs 1,061 crore).
Wipro 3QFY25 (Consolidated QoQ)
Revenue up 0.1% at Rs 22,319 crore versus Rs 22,302 crore (Bloomberg estimate at Rs 22,218 crore)
Ebit up 6.4% at Rs 3,906 crore versus Rs 3,672 crore (Bloomberg estimate at Rs 3,627 crore)
Margin at 17.5% versus 16.5% (Bloomberg estimate at 16.3%)
Net profit up 4.6% at Rs 3,354 crore versus Rs 3,208 crore (Bloomberg estimate at Rs 3,061 crore)
Kotak Mahindra Bank Q3FY25 (Standalone, YoY)
Net profit up 10% at Rs 3,305 crore versus Rs 3,005 crore
NII up 10% at Rs 7,196 crore versus Rs 6,554 crore
Net NPA at 0.41% versus 0.43% (QoQ)
Gross NPA at 1.50% versus 1.49% (QoQ)
RBL Bank Q3FY25 (Standalone, YoY)
Net Profit down 86% at Rs 32.6 crore versus 233 crore
NII up 3% at Rs 1,585 crore versus Rs 1,546 crore
Net NPA at 0.53% versus 0.79% (QoQ)
Gross NPA at 2.92% versus 2.88% (QoQ)
Indian Hotels Co. 3QFY25 (Consolidated YoY)
Revenue up 29% at Rs 2,533 crore versus Rs 1,964 crore
Ebitda up 31.3% at Rs 962 crore versus Rs 733 crore
Ebitda margin at 38% versus 37.3%
Net profit up 32.6% at Rs 633 crore versus Rs 477 crore
Ramkrishna Forgings Q3FY25 (Consolidated YoY)
Revenue up 7.9% at Rs 1,074 crore versus Rs 996 crore
Ebita up 5.4% at Rs 232 crore versus Rs 220 crore
Ebita margin at 21.6% versus 22.1%
Net profit up 14.7% at Rs 99.6 crore versus Rs 86.9 crore
Rallis India Q3FY25 (Consolidated YoY)
Revenue down 12.71% at Rs 522 crore versus Rs 598 crore
Ebita down 27.9% at Rs 44 crore versus Rs 61 crore
Margin down at 8.4% vs 10.2%
Net profit down 54.2% at Rs 11 crore versus Rs 24 crore
Jio Financial Services 3QFY25 (Consolidated YoY)
Revenue up 8.3% at Rs 449 crore versus Rs 414 crore
Net profit flat at Rs 295 crore
Supreme Petrochem Q3FY25 (YoY)
Revenue up 18.3% at Rs 1,405 crore versus Rs 1,189 crore
Ebita up 4.6% at Rs 99.2 crore versus Rs 94.8 crore
Ebita margin at 7.1% versus 8%
Net profit up 5.5% at Rs 71.4 crore versus Rs 67.7 crore
ICICI Lombard General Insurance Co. Q3FY25
Net Premium Income up 17.2% at Rs 5,045 crore versus Rs 4,305 crore (YoY)
Solvency ratio at 2.36% versus 2.65% (QoQ)
Net profit up 67.9% at Rs 724 crore versus Rs 432 crore (YoY)
Netweb Technologies (Consolidated, QoQ)
Revenue up 33% at Rs 334 crore versus Rs 251 crore
EBIT up 23.1% at Rs 40.8 crore versus Rs 33 crore
EBIT margin at 12.2% versus 13.2%
Net profit up 17.9% at Rs 30.3 crore versus Rs 25.7 crore
Avantel (Consolidated, YoY)
Revenue up 19.2% at Rs70.7 cr vs Rs59.3 crore
Ebitda up 31% at Rs 32.1 crore versus Rs 24.4 crore
Margin at 45.3% versus 41.2%
Net profit up 23% at Rs 20.1 crore versus Rs 16.3 crore
Stock Market News Live: Friday's Trade Recap
The NSE Nifty 50 and BSE Sensex extended its fall to the second consecutive week with HCL Technologies Ltd. and Infosys Ltd. as the top losers for the week. IT was among the worst performing with Nifty IT falling nearly 6% in the week that comprised of third quarter earnings.
The NSE Nifty 50 and BSE Sensex snapped three-day gaining streak on Friday to close lower ahead of Tech Mahindra Ltd. and Wipro Ltd.'s third-quarter results. The Nifty 50 ended 108.60 points or 0.47% lower at 23,203.20, and the Sensex ended 423.49 points or 0.55% lower at 76,619.33.
Foreign portfolio investors stayed net sellers of Indian equities for the eleventh straight session on Friday and sold stocks worth Rs 3,318.1 crore.
Domestic institutional investors have been buyers for 22 consecutive sessions and bought stocks worth Rs 2,572.9 crore, according to provisional data from the National Stock Exchange.
Indian rupee weakened by 7 paise to close at 86.61 against the US Dollar.
Market News Live: Stocks To Watch Today
Wipro: The IT giant posted an increase in net profit of 4.6% at Rs 3,354 crore compared to the previous quarter's Rs 3,208 crore. The firm's revenue shot up 0.1% at Rs 22,319 crore compared to Rs 22,302 crore in the year-ago period.
ICICI Lombard General Insurance Co.: The insurance company's net premium income was up 17.2% at Rs 5,045 crore (year-on-year) compared to the previous fiscal's Rs 4,305 crore. ICICI Lombard's solvency ratio was up 2.36% from the previous quarter's 2.65%.
Tech Mahindra: In the third quarter, Tech Mahindra's net profit was down 21.4% at Rs 983 crore compared to the previous quarter's Rs 1,250 crore.
Indian Hotels Co.: The firm announced its consolidated year-on-year, third-quarter earnings on Friday. In the third quarter, Indian Hotels Company's net profit was up 32.6% at Rs 633 crore compared to the previous quarter's Rs 477 crore.
Adani Energy Solutions: Adani Electricity signed an agreement with Adani Properties to acquire Superheights Infraspace for Rs 475 crore. Superheights Infraspace holds the development rights for 3,000 square meters of prime land in Bandra Kurla Complex, Mumbai.
DLF: The NCLT Chandigarh Bench has approved the merger of seven wholly owned subsidiary companies.
Minda Corporation: The company has finalized the acquisition of a 49% equity stake in Flash Electronics Pvt.
Ashapura Minechem: The company’s overseas subsidiary has entered into a long-term Memorandum of Understanding with China Railway to jointly develop the Fako bauxite deposit located in Guinea.
Bank of India: The bank is set to deliberate on a proposal to raise funds via the issuance of long-term infrastructure bonds at its meeting scheduled for Jan. 23, 2025.
Stock Market News Live: GIFT Nifty Trades Above At 23,200
Stocks in the Asia-Pacific region powered ahead taking cues from a positive Wall Street close as traders brace for a flurry of policies Donald Trump will announce after swearing-in as the 47th US president.
The GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 11.5 or 0.05%, at 23,287 as of 7:22 a.m.
Australia's S&P/ASX 200 opened higher with the benchmark index advancing by 0.42%, or 35 points, to 8,345 as of 6:45 a.m. Japan's Nikkei was up 533 points, or 1.39% at 38,952.
The executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders upon taking office.
The World Economic Forum kicks off in Davos, Switzerland, on Monday drawing heads of state, central bankers, and business leaders to discuss pressing global issues.
The US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.
RECOMMENDED FOR YOU
Stock Market Today: Nifty, Sensex Erase Day's Gains After Final-Hour Slump; Kotak Bank Drags Most
Jul 03, 2025
Stock Market Today: Nifty, Sensex Snap Four-Day Winning Streak As ICICI Bank Shares Drag
Jun 30, 2025
Stock Market Today: Benchmarks Settle With Best Weekly Gains In Over A Month; Nifty Bank Ends At Record High
Jun 27, 2025
Stock Market Today: Nifty Ends Above 25,000; Sensex Jumps Over 1,000 Points As HDFC Bank Leads
Jun 20, 2025
POPULAR