KEY HIGHLIGHTS
US Market Update: Futures Rise Before ISM Manufacturing Data
As 3:30 p.m. the Dow Jones Industrial Average and S&P 500 futures were trading 0.31% and 0.35% higher, respectively. The Nasdaq 100 future was 0.46% higher.
Economic Data Releases And Events For Jan 3
US: ISM Manufacturing PMI — 8:30 p.m.
US: ISM Manufacturing Prices — 8:30 p.m.
US: Energy Information Administration Natural Gas Storage Report — 9:00 p.m.
US: The US Federal Reserve Bank of Richmond President Thomas Barkin will speak at Economic Outlook Forum, in Maryland — 9:30 p.m.
Stock Market Highlights: Sensex, Nifty End Lower, But Post Second Consecutive Weekly Gains
The NSE Nifty 50 and BSE Sensex snapped a two-day winning streak on Friday as private bank stocks declined. Wipro Ltd. and HDFC Bank Ltd. were top loser in the Nifty 50. However, the benchmarks rose for second consecutive week.
The Nifty 50 ended 199.60 points or 0.83% down at 23,989.05, and the Sensex ended 784.00 points or 0.98% down at 79,159.71.
During the session, the Nifty 50 declined 0.88% to the day's low of 23,976.00. The Sensex fell 1.04% to the day's low of 79,109.73.
HDFC Bank Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., ITC Ltd., and Infosys Ltd. weighed on the Nifty 50 index.
Reliance Industries Ltd., Tata Motors Ltd., Oil and Natural Gas Corp Ltd., Hindustan Unilever Ltd., and Titan Co. Ltd. added to the Nifty 50 index.
On NSE, six sectors ended higher, and six ended lower out of 12. The NSE Nifty IT declined the most, and the NSE Nifty Media rose the most.
Broader indices outperformed. BSE Midcap closed 0.3% down and BSE Smallcap closed flat.
Fourteen of the 21 sectoral indices fell and remaining ended higher. BSE Focused IT fell the most.
Market breadth was skewed in the favour of buyers. As many as 2,105 stocks rose, 1,876 fell, and 122 remained unchanged on the BSE.
The benchmark indices rose for second week in a row on Thursday's gains. The Nifty 50 and Sensex recorded the best session since Nov 22 Thursday and posted the highest closing in over three weeks.
The Nifty 50 and Sensex gained 0.80% and 0.67%, respectively in the week ended on Jan 3.
On NSE, eight sectors advanced, three declined, and two remained flat out of 12. The NSE Nifty Auto rose the most, and the NSE Nifty Realty declined the most.
Rupee Closes Weaker Against Dollar
Rupee weakened by two paise to close at 85.78 against the US dollar.It closed at 85.76 on Thursday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 and BSE Sensex rose for second week in a row.
The Nifty 50 and Sensex snapped a two-day rising streak on Friday.
The NSE Nifty IT declined the most, while the NSE Nifty Media rose the most.
HDFC Bank Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. dragged the Nifty 50 index.
Tata Motors Ltd., Reliance Industries Ltd., and Oil and Natural Gas Corp limited losses in the Nifty 50.
The NSE Nifty Midcap 150 ended 0.32% down at 21,403.50.
The NSE Nifty Smallcap 250 ended 0.26% down at 17,960.65.
Stock Market Today: Panacea Biotec's Arm Launches Baby Products Under Brande Name NikoMom
Panacea Biotec Ltd. arm, Panacea Biotec Pharma, has launched baby diapers and wipes under the brand name NikoMom, according to an exchange filing.
Stock Market Live Updates: NHPC Gets Approval To Merge With Teesta Hydro
NHPC has received approval from the Ministry of Corporate Affairs for the merger of Lanco Teesta Hydro with the company, according to an exchange filing.
Stock Market Today: KEC International Gets Orders Worth Rs 1,097 Crore
KEC International Ltd. has received orders worth Rs 1,097 crore in its Transmission and Distribution business, according to an exchange filing.
Stock Market Live Updates: NSE Sets Global IPO Records in 2024
NSE achieved 268 IPOs in 2024.
Mainboard: 90 IPOs; SME: 178 IPOs.
Total capital raised: Rs 1.67 lakh crore.
Highest number of IPOs in Asia.
Highest equity capital raised globally.
Source: NSE Media Release
Stock Market Live Updates: JM Financial Gets Warning Letter From SEBI
JM Financial Ltd. has received a warning letter from the Securities Exchange Board of India in relation to the IPO of shares by one of its clients, Western Carriers, according to an exchange filing.
Europe Market Update: Most Share Indices Decline
Most share indices declined across Europe on Friday, tracking overnight losses on Wall Street. US jobless claims declined more than expected, showing resilience of labour market in the world's largest country. This nudged the fear that the Federal Reserve will remain hawkish for longer period.
The Euro Stoxx 60 and FTSE 100 were 0.31% and 0.11% down, respectively as of 2:04 p.m.
Trading Ideas: Partially Exit Jai Corp, Remain Invested In Eicher For More Upside, Say Stock Market Experts
Should you buy Avenue Supermarts after Friday's rally? How to trade shares of Jai Corp after the sharp decline it saw for a second consecutive session? How is Reliance Industries likely to trade in the near-term?
Read Astha Jain, research analyst at Hem Securities and Kushal Gandhi, technical analyst at StoxBox answer these queries here.
HDFC Bank Not Among CLSA Top 2025 Picks, But These Stocks Are
CLSA has dropped HDFC Bank Ltd. from its India-focussed portfolio, citing an uncertain global macro environment, elevated valuations, and a potential slowdown in India's economic growth. In addition, the overall performance of Indian equities is expected to remain muted, with CLSA forecasting limited upside for the Nifty index in the coming year.
Stock Market Today Citi Research On PNB
Rate sell with price target of Rs 96, downside of 6.6%
Both advances and deposits grew faster than PNB’s guidance
Expect RAM segments to be the primary growth driver
Mgmt. maintains NIM guidance of 2.9-3.0%
Expect ~2% QoQ growth in NII and 5-6bps QoQ fall in NIMs
Contained credit cost at 25 basis points could help the bank register RoA of 0.9-1%
Stock Market Live Update: Gujarat Pipavav Business Update (YoY)
Gujarat Pipavav Port Ltd.'s quarter three Container Cargo Volume At 1.77 lakh TEU Vs 2 lakh TEU.
Alert: TEU Is Twenty Foot Equivalent Unit
Source: Exchange filing
Stock Market Today: Wockhardt Share Price Jumps To Over Nine-Year High
Wockhardt Ltd. share price rose 9.44% to Rs 1,582.95 apiece, the highest level since Dec 2, 2015. It was trading 5.7% higher at Rs 1,528.90 apiece as of 12:28 p.m., as compared to 0.53% decline in the NSE Nifty 50 index.
Stock Market Live Updates: Jai Corp Shares Tumble Over 35% In Two Days After Land Parcel Sale To Reliance
Shares of Jai Corp. plunged more than 16% on Friday — for the second consecutive session — after an over 5,286-acre industrial land parcel was sold to Reliance Industries Ltd. for a valuation of Rs 2,200 crore. The stock has fallen over 35% in two days.
Stock Market Live Updates Afcons Infrastructure Gets Order Worth Rs 1,080 Crore
Afcons Infrastructure Ltd. has received a work order worth Rs 1,080 crore from India's Defence Research & Development Organisation, according to an exchange filing.
Stock Market Live Updates: Godrej Agrovet Launches Godrej Pride Hog
Godrej Agrovet Ltd. has launched a new product, Godrej Pride Hog, aimed at boosting pig health and immunity, according to an exchange filing.
Stock Market Today: Axis On Sagility India
Initiate at Buy with a target price with Rs 60, which implied an upside of 20%
Sagility stands out for its steady growth at 12% USD revenue CAGR over FY18-24 and superior margin profile
Although High client concentration remains a risk
Helathcare has a larger target addressable market
Valuations are at 17x Mar’27E EV/EBITDA
Stock Market Today: JSW Steel Gets GST Demand Worth Rs 3.7 Crore
JSW Steel Ltd. has received a GST demand of Rs 3.7 crore, including interest and penalty, as per an exchange filing.
Stock Market Today: ITC Share Price In Spotlight To Qualify For ITC Hotels Shares Ahead Of Ex-Demerger
ITC Ltd. is in the spotlight on Friday as it marks the last trading day for investors to qualify for receiving shares of ITC Hotels Ltd. as the stock will go ex-demerger on Jan. 6. The record date will determine the eligible shareholders who will receive shares in ITC Hotels, the newly separated entity.
Stock Market Live Updates: KPI Green Energy To Develop Solar Power Projects With Cumulative Capacity Of 32.15MW
KPI Green Energy's arm has received a Letter of Award (LoA) for the development of solar power projects with a cumulative capacity of 32.15 MW under the CPP segment, according to an exchange filing.
Stock Market Today: Yes Bank Business Update (YoY)
Loans & advances as of Dec 31 increased by 12.6% to Rs 2.45 lakh crore compared to Rs 2.18 lakh crore.
Deposits as of Dec 31 grew by 14.6% to Rs 2.77 lakh crore compared to Rs 2.42 lakh crore.
CASA as of Dec 31 increased by 27.6% to Rs 91,575 crore compared to Rs 71,749 crore.
CASA ratio as of Dec 31 was 33% compared to 29.7%.
Source: Exchange filing
Stock Market Live: Adani Ports & SEZ's Cargo Volumes Rises 8% In December.
Adani Ports & Special Economic Zone Ltd. has reported that its December cargo volumes increasing by 8% year-on-year to 38.4 million metric tonn. Additionally, December container volumes grew by 22%, while liquids and gas volumes saw a 7% increase, as per an exchange filing.
Stock Market Today: Western Carriers Gets Work Rs 139 Crore
Western Carriers (India) Ltd. has received a work order worth Rs 139 crore from Vedanta for material handling, according to an exchange filing.
DMart Share Price Jumps To Nearly Two-Month High Post Business Update
Avenue Supermarts Ltd. share price hit 10% upper circuit and rose to nearly two-month high as its revenue from operations surged 18% to Rs 15,565.2 crore in the quarter ended December. As of 9:32 a.m., DMart share price remained locked in 10%.
Nifty, Sensex Fall After Muted Open As HDFC Bank, Infosys Share Prices Drag
The NSE Nifty 50 and BSE Sensex declined shortly after a muted open tracking losses in shares of HDFC Bank Ltd. and Infosys Ltd. As of 9:16 a.m., the Nifty 50 was trading 39.05 points or 0.16% down at 24,149.60, and the Sensex was 112.02 points or 0.14% down at 79,831.69.
"On the downside, the 24,000 level remains a crucial support zone; a breach of this level could trigger extended selling towards the 23,800–23,600 range. Conversely, on the upside, immediate resistance is observed at 24,300, with the 24,500 level acting as a significant hurdle. Given the current market setup, traders are advised to start buying on dips as long as the index holds above 24,000, with 23,800 as a stop-loss on a closing basis to manage risks effectively," said Hardik Matalia, a derivative analyst at Choice Broking.
HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Hero MotoCorp Ltd. weighed on the Nifty 50 index.
Oil and Natural Gas Corp Ltd., Mahindra & Mahindra Ltd., HCLTech Ltd., Trent Ltd. and JSW Steel Ltd. added to the Nifty 50 index.
On NSE, six sectors advanced, four declined, and two remained flat out of 12. The NSE IT was the worst performing sector during open, while the NSE Nifty Media the best performing sector.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.26% and 0.48% higher, respectively.
On BSE, 16 sectors advanced, and five declined out of 21. The BSE Oil and Gas rose the most, and the BSE Focused IT declined the most.
Market breadth was skewed in favour of buyers. Around 1,992 advanced, 719 stocks declined, and 120 remained unchanged on BSE.
Stock Market Live Update: Nifty, Sensex Trade Flat At Pre-Open
At pre-open, the NSE Nifty 50 was trading 7.75 points or 0.03% higher at 24,196.40. The BSE Sensex was 129.28 points or 0.16% higher at 80,072.99.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.80%. It closed at 6.79% on Thursday, according to data on Bloomberg.
Rupee Opens Weaker Against US Dollar
Rupee weakened by 5 paise to open at 85.80 against the US Dollar. It closed at 85.75 on Thursday, according to data on Bloomberg.
Oil Price Update: Futures Prices Hovering Over Two-Month High
Oil future prices were hovering around two-month high in Asia session Friday as supply outlook worries rise on diminishing US stock piles. As of 8:30 a.m., the February future contract was trading 0.43% higher at $76.06 a barrel as of 8:41 a.m.
Stock Market Today: CLSA On India Strategy
Forecast muted Nifty returns in 2025
This is because of the near term growth slowdown in India with elevated valuations
Add Tata motors, NTPC, Nestle and Britannia to CLSA India focus portfolio
Remove: HDFC bank and cut overweight in Banks
Sectoral overweight: Commodity, Insurance
Sectoral underweights: IT, Healthcare, discretionary, industrials
Stock Market Today: Morgan Stanley Maintains Equalweight On Petronet LNG
Morgan Stanley maintains EQUALWEIGHT on Petronet LNG at Rs 400 target, which implied a 22% upside
Expect share price to rise over next 15 days
Concerns on regulatory intervention are overdone
Near term triggers: Normalisation of Asian LNG prices, potential to expand by 5 MTPA, growth in Indian LNG demand
Stock at attractive valuations, with volume clarity expected for FY26 and FY25
Nuvama States 2025 Could Be Challenging
Expect profit pain to persist; earnings cut are likely
Govt spending may lead a near-term spurt; but credit/export recovery is needed
Export recovery in 2025 still uncertain; downgrade IT to Neutral on rich valuations
Margins levers exhausted in FMCG sector
Key variables for Indian markets: Trade wars, Fed, China and macro policy
What's In Nuvama's Portfolio:
Key Overweight: Pvt banks, insurance, pharma, telecom, cement, consumer, chemicals
Key Underweights: Industrials, power, metals, energy, autos, PSU banks, NBFCs
Note: Nuvama has more conviction on its Underweights vs Overweight
Stock Market Live: NHPC Gets Order Worth Rs 250 Crore
NHPC has received order worth Rs 250 crore under the Mega Insurance Policy for the Teesta-V power station loss, as per an exchange filing.
Citi Research On Avenue Supermarts
Maintains Sell rating with a target price of Rs 3,500, which implied a 3.1% downside.
Growth rate accelerates partly led by store expansion
Watch out for margin trajectory
Revenue per store saw 2.7% five-year CAGR
Remains cautious due to increasing competitive intensity from quick commerce
Believes throughput continues to be impacted due to adverse product mix, store additions in smaller towns, increasing competitive intensity from quick commerce
Asia Market Update: Share Indices Rise
Share indices in Asia-Pacific rose on Frida bucking the trend from Wall Street as market participants monitor the unfolding political turmoil in South Korea. Markets in Japan are closed for holiday.
The KOSPI and S&P ASX 200 were trading 1.77% and 0.49% higher, respectively as of 7:17 a.m.
US Market Update: Stock Gauges End First Session Of The Year Lower
Major stock gauges on the Wall Street ended the first session of the year lower, and extended losses to a fifth day. The Dow Jones Industrial Average and S&P 500 ended 0.36% and 0.22% down, respectively. The Nasdaq Composite ended 0.16% down.
GIFT Nifty Near 24,200; Hindustan Zinc, Varun Beverages, NHPC Share Prices In Focus
The GIFT Nifty was trading near 24,200 in early trade on Friday. Shares of Hindustan Zinc Ltd., Varun Beverages Ltd., and NHPC Ltd. may react during Friday's session.
The GIFT Nifty was trading 0.18% or 43 points higher at 24,193.00 as of 6:49 a.m.
The Indian benchmarks closed higher for the second consecutive day on Thursday and recorded their best sessions since Nov. 22. Both the equity indices saw their highest closing since Dec. 18.
The NSE Nifty 50 closed 445.75 points or 1.88% up at 24,188.65 and the BSE Sensex ended 1,436.30 points or 1.83% higher at 79,943.71.
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