Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today, Jan 9: Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 0.93 per cent, and 1.35 per cent, respectively

9:00 AM

Stock Market LIVE Updates: Lupin Receives EIR from USFDA for its Pithampur Unit

Stock Market LIVE Updates: Global pharma major Lupin Limited (Lupin) said on Wednesday that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its Pithampur Unit-1 manufacturing facility that manufactures both APIs and finished products.

The EIR was issued with an inspection classification of Voluntary Action Indicated (VAI) post the inspection of the facility from September 16 to September 27, 2024.

 

8:56 AM

Stock Market LIVE Updates: 2024's record NFO success continues into 2025 with strong momentum

Stock Market LIVE Updates: Six equity mutual fund (MF) NFOs have opened for subscription so far in 2025, including industry-first offerings like ICICI Prudential MF’s Rural Opportunities Fund and WhiteOak Capital MF’s Quality Equity Fund. READ MORE

8:52 AM

Stock Market LIVE Updates: Manappuram Finance in focus today

Stock Market LIVE Updates: In a stock exchange filing, Manappuram Finance said on Wednesday, the Reserve Bank of India, vide its letter dated January 08, 2025, has lifted the restrictions imposed on Asirvad Micro Finance Limited with respect to sanction or disbursal of loans with immediate effect.

On October 2024, the Reserve Bank of India directed its subsidiary company Asirvad Micro Finance Limited to cease and desist from sanctioning or disbursing loans, effective from the close of business on October 21, 2024.
  

8:47 AM

Stock Market LIVE Updates: Production ramp-up, higher realisations expected to drive gains for ONGC

Stock Market LIVE Updates: Upstream player ONGC has seen strong buying although the third quarter of the current financial year (3QFY25) is expected to be flat. The PSU will generate higher volumes going forward. Crude oil prices may be more or less stable, with the Organisation of the Petroleum Exporting Countries (OPEC)-plus looking to hold a price band of $70-75 per barrel (bbl). READ MORE

8:45 AM

Stock Market LIVE Updates: Sebi issues new guidelines for research analysts, investment advisers

Stock Market LIVE Updates: The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols. The regulator introduced fresh compliance mandates, particularly for entities utilising artificial intelligence (AI) tools in their services. READ MORE

8:43 AM

Stock Market LIVE Updates: Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has approved the initial public offerings (IPOs) of four companies: Regreen-Excel EPC India, Dr Agarwal’s Health Care, Casagrand Premier Builder, and Highway Infrastructure. However, two other companies—Amruta Healthcare and Mouri Tech—that had filed their draft documents have withdrawn their applications. READ MORE

8:40 AM

Stock Market LIVE Updates: Religare Broking's Ajit Mishra's 2 stocks to buy

Stock Market LIVE Updates: Chambal Fertilizers & Chemicals Limited | LTP: Rs 500.50 | Buy | Target: Rs 528 | Stop-loss: Rs 485

 

Fertiliser stocks are gaining noticeable traction, and Chambal Fertilizers share price (Chamblfert) is moving in-line with this trend. The Chambal Fertilizer share has rebounded after briefly dipping below its medium-term moving average, the 100 DEMA, and now appears poised to reclaim its short-term moving average. The chart pattern, supported by other oscillators, signals a steady upward move ahead. READ MORE

8:36 AM

Stock Market LIVE Updates: NSE plans expansion of its colocation facility, to add 2,000 new racks

Stock Market LIVE Updates: Colocation facility helps stock brokers to place their servers in the data centre of the exchange and allows faster access of trade data and price feeds. The ultra-low latency of the facility enables faster trading. The exchanges charge an annual fee for this facility from the brokers. READ MORE

8:33 AM

Stock Market LIVE Updates: Analysts expect TCS Q3 revenue to grow 6% YoY, profit 5%

Stock Market LIVE Updates: Brokerages tracked by Business Standard estimate the revenue of TCS to grow by 6.3 per cent year-on-year (Y-o-Y), on an average, to Rs 6,445.63 crore as compared to Rs 6,060 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, revenue is forecasted to grow marginally by 0.24 per cent. The revenue is likely to be impacted by furloughs and the decline of revenue contribution from the BSNL deal which peaked out in Q2. READ MORE

8:30 AM

Stock Market LIVE Updates: Markets Today: TCS, IREDA Q3; Fed Dec minutes; Standard Glass IPO allotment

Stock Market LIVE Updates: Key benchmark indices, the Nifty50 and Sensex, may react to mixed global cues during Thursday's trading session. At 6:31 AM, GIFT Nifty futures were trading 64 points lower at 23,717, signaling a weak start for Indian bourses. In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent. READ MORE

8:29 AM

Stock Market LIVE Updates: RIL, Bajaj Fin: Ruchit Jain of Motilal Oswal bets on 3 stocks to buy today

Stock Market LIVE Updates: Reliance Industries share price (RIL share price) has seen a correction in the last couple of months, but is now trading around its weekly 200-EMA support. On the daily chart, the RSI has formed a positive divergence and such formations near support are initial signs of a probable trend reversal. READ MORE

8:28 AM

Stock Market LIVE Updates: Unlisted firms outpace listed peers with faster revenue, earnings growth

Stock Market LIVE Updates: Unlisted companies are outpacing their listed counterparts, with faster revenue and earnings growth. According to data from the Centre for Monitoring Indian Economy (CMIE), unlisted firms recorded sales growth of 8.34 per cent in the financial year 2023-24, compared to just 1.69 per cent for listed companies. READ MORE

 

8:24 AM

Stock Market LIVE Updates: AstraZeneca and Merck drugs set to shake up treatment of liver cancer

Stock Market LIVE Updates: Doctors may change how they treat liver cancer after drugs from AstraZeneca Plc and Merck & Co. helped some patients, marking the first treatment progress for them in decades. Two late-stage studies published Wednesday in The Lancet show that Astra’s Imfinzi and Merck’s Keytruda delayed the progress of liver cancer when combined with other drugs and a local treatment. READ MORE

8:22 AM

Stock Market LIVE Updates: Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 78,830

Stock Market LIVE Updates:  The price of 24-carat gold surged by Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 78,830 according to the GoodReturns website. The price of silver fell by Rs 100, with one kilogram of the precious metal selling at Rs 92,400. The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,260. READ MORE

8:22 AM

Stock Market LIVE Updates: Stocks to Watch, Jan 9, 2025: TCS, TaMo, M&M, Manappuram Finance, LIC, MOIL

Stock Market LIVE Updates: Results Today: TCS, IREDA, Tata Elxsi, and others will announce their quarterly earnings on January 9. READ MORE