Stock Market News Live: Nifty Above 25,200, Sensex Up Over 300 Points; Hero Moto Top Gainer, HCLTech In Focus

The shares of Rallis were up nearly 5% during trade. This comes after the company posted its first quarter results and the scrip was up over 5.95% at Rs 375. These gains compare to the 0.54% advance in the benchmark index Nifty 50 as of 11:48 a.m.

The shares of the company slipped just over 1% after the company signed a Vehicle Finance Partnership With Tamil Nadu Grama Bank. The scrip is currently trading 1.30% lower at Rs 249.6 and this compares to the 0.57% advance in the benchmark index Nifty 50 as of 11:15 a.m.

The shares of Kalyan Jewellers were trading higher after the stock is one of JM Financial's newest buys. The brokerage has set a target price of Rs 700.

JM Financial notes that the Indian jewellery market, valued at Rs 6.4 trillion in FY24, has an organised segment share of 38%. The scrip has risen over 1.50% during trade so far and these gains compare to the 0.55% advance in the Nifty 50 as of 11:11 a.m.

The index marked gains of 0.34% as of 10:43 and these gains were led by Hero MotoCorp, Eicher Motors and IndusInd Bank. Other names trading in the green was Infosys and Shriram Finance.

The names dragging the index down was HCL Tech after its first quarter results and Eternal. Tata Steel was also trading in the red along with JSW Steel and Cipla.

The shares of HCLTech was trading over 4% lower in trade during the day so far. This decline came after the company posted its first quarter results. The scrip has slipped to Rs 1,551 apiece and this decline compared to the 0.13% advance in the benchmark index Nifty 50 as of 10:18 a.m.