Stock Market Closing Highlights: Sensex adds 234 points, Nifty at 23,708; Smallcap shares outperform

Markets Today Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

Stock Market Highlights, Tuesday, January 7, 2025: The benchmark equity indices ended Tuesday's trading session in positive territory. The 30-share Sensex added 234.12 points or 0.30 per cent to settle at 78,199.11. The index traded in the range of 78,452.74 - 77,925.09 today.

 

NSE Nifty50 settled in the green at 23,707.90 with gains of 91.85 points or 0.39 per cent. Nifty50 was seen at the day's high of 23,795.20, while the day's low was quoted at 23,637.80.

 

32 out of 50 constituent stocks of Nifty50 ended in the green with the gains led by ONGC, SBI Life, Tata Motors, HDFC Life, and Adani Enterprises of up to 3.79 per cent. Conversely, Trent, HCL Tech, TCS, Eicher Motors, and Tech Mahindra were among the 18 stocks that ended in the red with losses extending up to 2.20 per cent.

 

Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent. Meanwhile, the Nifty Midcap100 index ended with gains of 0.89 per cent.   All the sectoral indices, barring Nifty IT, ended in the green on Tuesday. Among them, Nifty Metal, select healthcare, and Media indices ended with gains of over 1 per cent each.

3:59 PM

Stock Market LIVE Updates: Technical View

Stock Market LIVE Updates: Nifty opened on a positive note and witnessed rangebound price action to close with  gains of 91 points. On the daily charts we can observe that the Nifty consolidated within the range of the previous trading session and thus making the extremes of the penultimate candle crucial levels to watch out for in the short term i,e 24,100 – 23,550. We expect the Nifty to consolidate between these extremes for the next few trading sessions. Sector rotation and stock specific action are likely during this phase. Daily and hourly momentum indicators suggest a pullback as they have a positive crossover. Immediate hurdle on the upside is 23,950 – 24,000 while support is placed at 23,550 – 23,500.

View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan.

3:47 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Amid positive global cues indicating no major concerns regarding HMPV, the domestic market partially recovered from yesterday's sharp sell-off but traded within a range ahead of the critical first advance estimates for India's FY25 gross domestic product (GDP). This comes in the context of moderated growth expectations, as the RBI recently revised its growth projection downwards. In the near term, the market is expected to remain cautious, awaiting signs of earnings recovery during the upcoming result season, while also dealing with ongoing FII selling which is driven by the strengthening dollar, rising US bond yields, and reduced expectations of further rate cuts.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:46 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap was up 0.77 per cent and Smallcap closed over 1.74 per cent higher.

 

3:43 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: Tata Motors, Reliance Industries, ICICI Bank were among the top gainers on Sensex. 

 

3:41 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: ONGC, SBI Life, HDFC Life were among the top gainers on Nifty. Here is a heatmap 

 

3:39 PM

Stock Market LIVE Updates: Nifty finishes 91.85 pts higer at 23,707.9

Stock Market LIVE Updates: NSE Nifty50 ended 91.85 points or 0.39 per cent higher at 23,707.9.

 

3:33 PM

Stock Market LIVE Updates: Sensex closes 234.12 pts higher at 78,199.11

Stock Market LIVE Updates: BSE Sensex closed 234.12 points or 0.30 per cent higher at 78,199.11.

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3:27 PM

Stock Market LIVE Updates: Quadrant Future Tek IPO sees strong demand, 9x subscription; GMP soars 72%

Stock Market LIVE Updates: Quadrant Future Tek's initial public offering (IPO), which opened for public subscription today, has witnessed robust demand. The IPO has been oversubscribed by 9.56 times as of 01:49 PM on Tuesday, January 7, 2025. READ MORE 

3:22 PM

Stock Market LIVE Updates: Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra

Stock Market LIVE Updates: Vodafone Idea (Vi) CEO Akshaya Moondra has announced a phased rollout of 5G services along with innovative tariff plans tailored to meet diverse customer needs. In an email to customers, as reported by Moneycontrol, the telco stated plans to launch 5G services in 75 major cities, focusing on 17 priority circles and industrial hubs with high data consumption. READ MORE 

3:11 PM

Stock Market LIVE Updates: This Mukul Agrawal portfolio stock surges 10%; up 50% in less than 3 weeks

Stock Market LIVE Updates: Shares of PTC Industries hit a new high of Rs 17,166.85, as they surged 10 per cent on the BSE in Tuesday’s intra-day trade, extending its past three-day rally to almost 29 per cent rally on the back of healthy growth outlook. Since December 18, in less than three weeks, the market price of this BSE 500 company has zoomed 53 per cent from a level of Rs 11,231.85. READ MORE

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher, tracking overnight gains on the S&P 500 and Nasdaq amid positive global cues. 

At 3 PM, the BSE Sensex was higher by 278.57 points, or 0.36 per cent, at 78,243, while the Nifty50 was at 23,722.20, ahead by 106 points, or 0.45 per cent.

 

2:57 PM

Stock Market LIVE Updates: Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

Stock Market LIVE Updates: Recently-listed automobile giant Hyundai India share price was buzzing in trade on Tuesday, January 7, 2025, as the stock rose up to 2.61 per cent in intraday deals to a high of Rs 1,849 on BSE.

 

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with ‘Buy’ for target price of Rs 2,250. The target price reflects an upside of 24.87 per cent from the previous close of Rs 1,801.85 on January 6. READ MORE

 

 

2:53 PM

Stock Market LIVE Updates: Rudra Gas Enterprise bags Rs 13.67 crore pipeline-laying deal from BPCL

Stock Market LIVE Updates: Rudra Gas Enterprise today informed that it has received an order worth Rs 13.67 crore from Bharat Petroleum Corporation Limited (BPCL) to lay pipelines from "Mahicha Mirganj Bypass to Mohamadpur Gopalganj & Arar Gopalganj to Arya Petroleum BPCL including associated works".

The company, in an exchange filing, said, "We would like to voluntarily inform you that Rudra Gas Enterprise Limited (‘the Company’) has received an order dated 7th January, 2025 in the Normal / ordinary course of business from Bharat Petroleum Corporation Limited".

 

2:47 PM

Stock Market LIVE Updates: One Point One plans explores buying LATAM-based contact center for Rs 250-290 cr

Stock Market LIVE Updates: One Point One Solutions today informed that it has signed a non-binding term sheet with a LATAM based Contact center, a prominent customer engagement solutions provider. 

The company, in an exchange filing, said, "This term sheet outlines the intent of both the parties to explore a strategic acquisition with an enterprise value ranging between $30 million to $35 million (approximately Rs 250 crore to Rs 290 crore)".

The acquisition will add over 1,400 professionals to OPO’s workforce, and enhance its footprint in key high-growth regions, including Costa Rica, Panama and Colombia, the company added. 

The company further said that the target's expertise in AI-driven analytics, omnichannel customer engagement, and multilingual support will significantly broaden OPO’s service offerings.

 

2:36 PM

Stock Market LIVE Updates: Budget 2025: Your guide to AMFI's 15 mutual fund proposals for investors

Stock Market LIVE Updates: As the Union Budget for fiscal year 2025-26 approaches, the Association of Mutual Funds in India (AMFI) has presented a well-structured 13-point proposal aimed at enhancing the mutual fund industry and promoting investor participation. These recommendations include a request for restoration of long-term indexation benefit for debt schemes which was withdrawn in Budget 2024 and earlier tax rates on capital gains. READ MORE