Stock Market LIVE: Nifty Trades Higher At Pre-Open; Infosys, Wipro, L&T Tech, HDFC Life In Focus

Stock Market LIVE: Nifty Trades Higher At Pre-Open

At pre-open, the Nifty 50 was trading 0.11% higher.

Stock Market LIVE: Lumax Auto Technologies Sees Arms Merge

Arm Greenfuel Energy merges with arm Lumax Resources, NCLT Chandigarh approves merger of arms.

Source: Exchange Filing

Stock Market LIVE: Morgan Stanley Cuts Cipla Target Price

There could be tough times ahead for Cipla, with Morgan Stanley expecting the pharmaceutical giant to report weak fourth quarter earnings for the financial year ending March 2026. The brokerage firm has also cut the target price for the counter, citing the recent Lanreotide supply disruptions.

Keeping that in mind, Morgan Stanley has maintained an 'underweight' rating on Cipla, while cutting the target price from Rs 1,396 to Rs 1,292. The brokerage firm has also trimmed earnings estimates by 2% for FY26 and 1% for FY27.

Here's the whole sitch.

Stock Market LIVE: The Price Is Right, Says CLSA On Bajaj Finance

Global brokerage CLSA has reiterated its Outperform rating on Bajaj Finance, arguing that a recent correction has made the risk–reward equation increasingly attractive. In a note titled 'The price is right no.1', CLSA flagged the stock as its top pick among non-banking financial companies (NBFCs), with a target price of Rs 1,200, implying a 27% upside from current levels.

Bajaj Finance shares have corrected about 13% since the company's November results, driven largely by concerns around moderation in loan growth and margin pressures. CLSA believes the market reaction has been excessive and that the current valuation offers a compelling entry point.

Read the whole story here.

Stock Market LIVE: NTPC, Infosys, Biocon In Focus

• NTPC: The company’s arm starts operations at 300 MW part capacity of its Rajasthan solar project, which has a total capacity of 500 MW. Commercial operations began on January 13.

• Infosys: The company completes the merger of its Romania-based step-down arms, In-tech Engineering Services and ProIT SRLRO, on January 14.

• Biocon: The company concludes an equity fundraise of Rs. 4,150 crore via QIP. SBI Mutual Fund and ICICI Prudential Mutual Fund each acquire over 5% stake, while Mirae Asset Mutual Fund also gets over 5% stake.

Stock Market LIVE: F&O Cues Today

• Nifty January futures down by 0.24% to 25,728 at a premium of 63 points.

• Nifty January futures open interest down by 0.09%.

•Nifty Options on Jan 20: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,500.  

Securities in ban period: SAIL, Samman Capital

Stock Market LIVE: GIFT Nifty Indicates Muted Open

The GIFT Nifty is trading at a marginal advance at 25,791 as of 07:30 a.m., indicating a muted to positive-biased open for the benchmark Nifty 50.