Nifty Ends Near 26,000, Sensex Gains 400+ Points As Shriram Finance-MUFG Deal Boosts Sentiments
Markets at close:
Benchmarks indices underperformed broader market indices
Nifty snaps 4-day losing streak; led by Shriram Finance and Bharat Electronics top gainers
Sensex snaps 4-day losing streak; gains over 0.5%
Broader Market indices gains over 1% for the day
Tata Elxsi and Coromandel are the top gainers in Nifty Midcap 150
Rajesh Exports and SPARC are the top gainers in Nifty Smallcap 250
All sectoral indices gain in trade
Nifty Realty and Auto gain over 1% for the trade
Nifty Realty emerges as the top sectoral gainer for the day
Godrej Properties and The phoenix Mills are the top gainers in Nifty Realty
Shriram Finance emerge as the top gainer after MUFG invests Rs 39,618 crore for around 20% stake
Stock Market LIVE: Five Biggest Cross-Border Deals In Indian Banking This Year
As MUFG confirms it will invest almost Rs 40,000 crore in the non-banking financial company Shriram Finance, let's take at some of the biggest cross-border deals that took place in the Indian banking space in 2025.
Click here to read the story.
Stock Market LIVE: Coca-Cola India Sees 46% Rise In FY25 Profit
Beverages major Coca-Cola India has posted a 46.3% rise in consolidated profit to Rs 615.03 crore in FY25, while its revenue from operations increased 7% to Rs 5,042.56 crore.
The company’s total income, which includes other income, rose 7.7% to Rs 5,171.48 crore for the financial year ended March 31, 2025, according to financial data accessed through business intelligence platform Tofler.
Source: PTI
Stock Market LIVE: HDFC Bank Share Price In Focus
HDFC Bank has 1.52 million shares traded in a block deal. Shares of the company are currently trading 0.65% higher at Rs 986.10 apiece.
Stock Market LIVE: Ather To Enter Insurance Space
Ather Energy has approved the incorporation of a wholly-owned subsidiary to enter the insurance distribution space. The new arm will offer insurance policies, expanding Ather’s presence beyond electric two-wheelers into allied mobility services.
Source: Exchange Filing
Stock Market LIVE: B&K Securities View On Shriram Finance Deal
Big positive; Earning dilution limited
RoE for FY27 is deteriorating only marginally from16.1% to 15%
Transaction expected to improve company’s rating and cost of funds
EPS dilution is contained at a modest ~3%
Entry of a high-quality strategic investor like MUFG is structurally positive
Expect valuation multiple discount versus peers to narrow down
Stock Market LIVE: Most Sectoral Indices Advance
Sectoral indices were largely trading in the green, led by Nifty Defence and Auto.
Stock Market LIVE: Tata Power To Raise Funds
Tata Power's board approves proposal to raise funds worth Rs 2,000 crore via NCDs.
Source: Exchange filing
Stock Market LIVE: Poonawalla Fincorp To Raise Funds
Poonawalla Fincorp to raise Rs 750 crore via non-convertible debentures.
Board approves allotment of 7,500 NCDs at Rs 1 lakh each on private placement basis.
Source: Exchange filing
Stock Market LIVE: Shriram Finance Shares Surge
Shares of the company are trading nearly 3% higher at Rs 891.50 apiece on the MUFG deal announcement.
Stock Market LIVE: REC Incorporates Balsan Power As Subsidiary
REC arm, REC Power Development, has incorporated Balsan Power Transmission as a wholly-owned subsidiary, according to an exchange filing.
Stock Market LIVE: Shriram Finance-MUFG Deal Details
MUFG to acquire 47.1 crore shares of Shriram Finance at a floor price of Rs 840.93 per share
MUFG Bank to invest Rs 39,618 crore in the company
MUFG will acquire a 20% stake in Shriram Finance through the transaction
MUFG will have the right to appoint two nominee directors to the board
Board to convene an extraordinary general meeting (EGM) on January 14
MUFG to pay a one-time, non-recurring non-compete and non-solicit fee of USD 200 million
Board approves certain minority protection rights in favour of MUFG
Company to explore possible restructuring of its holdings across various businesses
Stock Market LIVE: MUFG Bank To Subscribe To Shriram Finance Preferential Allotment
MUFG Bank to subscribe to preferential allotment of 20% for Rs 39,620 crore
MUFG to get right to appoint two nominee directors on the board of Shriram Finance
Stock Market LIVE: Piramal Finance To Offload Entire Stake In Shriram Life Insurance
Piramal Finance to sell entire 14.72% stake in Shriram Life Insurance for Rs 600 crore to Sanlam Emerging Markets (Mauritius).
Source: Exchange filing
Stock Market LIVE: Prudential Corp To Retain Majority Stake In ICICI Pru AMC
Prudential Corp sells 4.9 crore shares of ICICI Prudential AMC at Rs 2,165 per share issue price; plans to retain majority stake, as per exchange filing.
Stock Market LIVE: HCC Bags Rs 901 Crore Order
HCC JV secures Rs 901 crore order from Northeast Frontier Railway for tunnel construction.
Source: Exchange filing
Stock Market LIVE: Cipla Signs Marketing Agreement For Pfizer Brands
Cipla signs exclusive supply and marketing agreement for four Pfizer brands in India. The agreement is expected to run for five years.
Source: Exchange filing
Stock Market LIVE: Knowledge Marine Bags Order
Knowledge Marine & Engineering bags Rs 58.4 crore order from Dredging Corporation of India for rock dredging at coastal berth, JNPA.
Source: Exchange filing
Stock Market LIVE: Direct Tax Collections Up 8%
For Apr 1–Dec 17:
Gross direct tax collections grew 4.2%, at Rs 20.02 lakh crore
Net direct tax collections rose 8%, at Rs 17.05 lakh crore
Gross corporate tax collection up 7.5% at Rs 9.9 lakh crore
Crude Slips Below $60, But Oil Marketing Companies Aren’t Cheering The Fall — Here's Why
A sharp decline in crude oil prices has failed to lift shares of India’s oil marketing companies, defying the usual playbook where lower crude boosts refining and marketing margins.
Click the link below to read the whole story.
Japan Interest Rate Hike: Yen Extends Losses, Japan 10-Year Yield Hits Highest Since 2006
The yen extended losses against the dollar after the Bank of Japan raised its benchmark interest rate by 25 basis points. The 10-year Japanese government bond yield rose to 2.0%, the highest since 2006.
Read more here.
Source: Bloomberg
Rupee Strengthens Past 90 A Dollar Level In Early Trade
The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around $59 per barrel level supported market sentiment.
Stock Market LIVE: ICICI Prudential AMC Shares Debut At 20% Premium
ICICI Prudential Asset Management Co. listed on the BSE on Friday at Rs 2,606.20 apiece, a premium of 20.38% over its issue price of Rs 2,165 apiece.
On the National Stock Exchange, the stock debuted at Rs 2,600, a 20.09% premium.
Stock Market LIVE: Ola Shares Surge 8%
Shares of Ola Electric Mobility Ltd. picked up pace as it rose by 8% at Rs 33.88 a piece. The stock closed at 31.26 on Thursday and quickly grew as the markets opened on Friday.
Ola Electric confirmed the completion of a one-time, limited monetisation of a portion of the founder Bhavish Aggarwal's personal shareholding, undertaken to fully repay a promoter-level loan of around Rs 260 crore, on Thursday.
Stock Market LIVE: Japan Yields See Spike
Japan 10-year bond futures extend drop after BoJ raises rate
Japan 10-year yield rises to 2%, first time since 2006
Stock Market LIVE: Check Jefferies Share Price For Groww
Jefferies has initiated coverage on Billionbrains Garage Ventures Ltd., the parent company of Groww, highlighting the fintech's strong growth and even drawing comparisons to American trading app, Robinhood.
Check the share price target by clicking on the link below.
Stock Market LIVE: Nifty, Sensex Open Higher
Stock Market LIVE: Bank Of Japan Hikes Overnight Call Rate
Bank of Japan hikes overnight call rate by 25 bps to 0.75%.
BoJ says it will keep raising rates if economic and price outlook is realised.
Accommodative financial conditions will continue to support the economy.
Chance of the outlook being realised is rising.
Companies are likely to hike wages steadily.
Uncertainties over trade policies have declined.
Uncertainties remain in the US economy, but have declined.
Underlying inflation continues to rise moderately.
Uncertainties around US economy and tariffs have receded.
Yen extends decline to an intraday low against the US dollar after the BoJ decision.
Risk of firms’ wage-setting being interrupted is low.
Real interest rates are expected to stay significantly negative.
Stock Market LIVE: Lenskart Gets Its Most Bullish Price Target
Macquarie has initiated coverage on Lenskart Solutions Ltd. with an ‘Outperform’ rating, citing the company’s vertically integrated supply chain, strong execution track record and significant headroom for market share gains in India and international markets.
Stock Market LIVE: Jefferies Initiates Coverage On Groww
Initiate Buy with target price of Rs 180
Groww has become the largest broker in India
Product velocity a key driver of growth similar to Robinhood
Think Groww has several levers to drive 35% EPS CAGR over FY26-28
See 19% growth in broking business led by client vintage & mkt share gains
See 5x growth in new initiatives like margin trading facility & wealth mgmt.
See 700bps margin expansion
Accenture Commentary Points to Gradual, Not Sharp, Recovery for Indian IT Say Brokerages
Accenture’s latest quarterly commentary reinforces a familiar theme for Indian IT services: demand has neither worsened nor meaningfully improved. While deal activity remains healthy and AI-led transformation continues, brokerages flag limited visibility on discretionary spending revival, keeping expectations for Indian IT growth cautious.
Read the whole story here.
Stock Market LIVE: Spot Gold Hovers Near Record
Gold traded near a record and platinum extended a breakneck rally that saw it surge close to $2,000 an ounce after softer-than-expected US inflation data.
Stock Market LIVE: Gold, Silver Trade Lower
Gold prices in India dipped marginally to Rs 134,720, with silver also witnessing a slight downtick at Rs 203,210 on Friday, according to the India Bullion Association.
Stocks To Watch Today: Bharti Airtel, Infosys, Wipro, Ola Electric
Bharti Airtel: The company made the final call of Rs 401.25 for partly paid shares. The record date for the same is Feb. 6. The payment period is from 2nd to 16th Mar'26. The company received Rs 15,000 crore. Bharti and Singtel agreed to amend the existing shareholders agreement. Singtel has relinquished certain key reserved rights and Amendments remove redundancies and improve clarity in governance provisions.
Ola Electric: The company confirms that the promoter completed the one-time, limited monetisation of a portion of his personal shareholding. The transaction was undertaken solely to repay a promoter-level loan of approximately Rs 260 crore fully and to release all 3.93% shares previously pledged, thereby eliminating all promoter pledges. Following the transaction, the promoter group continues to hold over 34.5% in Ola Electric, with no dilution of promoter control or change in long-term commitment.
Stock Market LIVE: GIFT Nifty Indicates Muted Open
Good morning readers!
The GIFT Nifty is trading flat near 25,939 indicating a muted open for the benchmark Nifty 50.
India's benchmark equity indices closed flat on Thursday after a choppy session.
The Nifty rose in the first half of yesterday's trading session to an intraday high of 25,902 but gave up gains later as selling pressure emerged in the latter half of the day. The index settled 3 points lower at 25,815.55. The BSE Sensex dipped 77.84 points (0.09%) to 84,481.81.
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