Stock Market Highlights: Sensex drops 241 pts, Nifty at 23,431; broader mkts sink 2%; TCS rallies 6%

Stock Market Highlights: Indian markets declined for the second consecutive session, ending the week on a negative note on Friday. The 30-share Sensex slipped 241.30 points or 0.31 per cent

2:17 PM

Stock Market LIVE Updates: Nifty Auto on slippery ground; 13 out of 15 stocks trade below 200-DMA

Stock Market LIVE Updates: The NSE Nifty Auto index has been quoting below its long-term moving since mid-November, following a nearly 19 per cent fall from its peak of 27,696 in September 2025. The Nifty Auto index now quotes around 23,180 levels - down 4.5 per cent from its 200-Day Simple Moving Average or 200-DMA, as commonly referred.

 

The 200-DMA is key moving average, as it helps in determining the long-term trend of a particular stock or index. An index value or stock price quoting above the 200-DMA is considered as bullish trend or positive; whereas in case the current price of index value is below the long-term average, then the trend is said to be negative or bearish. READ MORE

 

2:07 PM

Stock Market LIVE Updates: MGL, IGL: Gas stocks mixed after govt hikes domestic gas allocation

Stock Market LIVE Updates: Gas stocks were a mixed bag in Friday's (January 10, 2025) trade after state-owned GAIL (India), the nodal agency for domestic gas allocation, informed the Administered Price Mechanism (APM) price has been revised which will be effective January 16, 2025. 

APM gas is natural gas sold at a government-regulated price, significantly lower than market rates. It is allocated to various sectors, including city gas distributors, to ensure affordability for essential services like CNG and piped natural gas (PNG). A reduction in APM gas allocation forces companies to buy more expensive gas on the open market, potentially driving up prices for consumers. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade flat

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading flat amid volatile trading on Friday.

At 2 PM, the BSE Sensex was higher by 58.34 points, or 0.08 per cent, at 77,678.55, and the Nifty50 was at 23,528.50, marginally lower by 2 points, or 0.01 per cent.

 

1:49 PM

Stock Market LIVE Updates: Lloyds Metals' shares hits new high in weak market; surges 34% in 1 month

Stock Market LIVE Updates: Shares of Lloyds Metals and Energy (LMEL) hit a new high of Rs 1,475.45, gaining nearly 3 per cent on the BSE in Friday’s intra-day trade on a strong outlook. In comparison, at 11:24 am, the BSE Sensex was up 0.33 per cent after falling 0.7 per cent in intra-day trades today.

 

In one month, the stock of the sponge iron company has surged 34 per cent, as compared to the 4.6 per cent decline in the BSE Sensex. In the previous calendar year 2024, it had more-than-doubled, or zoomed 105 per cent, as compared to the 9 per cent rise in the BSE Sensex. READ MORE

 

1:46 PM

Stock Market LIVE Updates: Lloyds Metals' shares hits new high in weak market; surges 34% in 1 month

Stock Market LIVE Updates: Shares of Lloyds Metals and Energy (LMEL) hit a new high of Rs 1,475.45, gaining nearly 3 per cent on the BSE in Friday’s intra-day trade on a strong outlook. In comparison, at 11:24 am, the BSE Sensex was up 0.33 per cent after falling 0.7 per cent in intra-day trades today. READ MORE 

1:36 PM

Stock Market LIVE Updates: Market breadth turns bearish; 63% of Nifty 500 stocks below long-term avg

Stock Market LIVE Updates: The prolonged weakness in the benchmark indices seems to have taken a toll on the overall market breadth, with a vast majority of the stocks now trading below the long-term moving average. The 200-Day Simple Moving Average (DSMA) is said to be the long-term moving average, and stocks trading above the same are said to be holding a positive (bullish) bias and vice versa. READ MORE

 

1:34 PM

Stock Market LIVE Updates: Market breadth turns bearish; 63% of Nifty 500 stocks below long-term avg

Stock Market LIVE Updates: The prolonged weakness in the benchmark indices seems to have taken a toll on the overall market breadth, with a vast majority of the stocks now trading below the long-term moving average. The 200-Day Simple Moving Average (DSMA) is said to be the long-term moving average, and stocks trading above the same are said to be holding a positive (bullish) bias and vice versa.

 

As of Friday, a vast majority i.e. 316 stocks or 63 per cent of the Nifty 500 stocks had dropped below this key moving average. Similar, is the case with index frontliners' - 31 out of the Nifty 50 stocks were seen trading below the 200-DSMA. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Phoenix Mills shares rise 3% on posting Q3 biz update; consumption up 21%

Stock Market LIVE Updates: Phoenix Mills shares gained 2.9 per cent in Friday's trade on BSE, logging an intraday high of Rs 1,684.6 per share. The buying sparked after the company released its Q3 business update. READ MORE

1:19 PM

Stock Market LIVE Updates: JSW Steel consolidated crude steel production rises 2.3% to 7 MT in Q3

Stock Market LIVE Updates: Sajjan Jindal-led JSW Steel on Friday said its consolidated crude steel production rose by 2.3 per cent to 7.03 million tonnes (MT) in the third quarter of the current fiscal. The company's steel output was 6.87 MT in the year-ago period, JSW Steel said in a filing to BSE. READ MORE 

 

1:09 PM

Stock Market LIVE Updates: BSE Smallcap index tanks over 6% in one week; 87 stocks hit 52-week lows

Stock Market LIVE Updates: Shares of smallcap companies are under pressure, with the BSE SmallCap index falling nearly 3 per cent in Friday’s intra-day trade on concerns of softening economic growth and selling pressure from Foreign Institutional Investors (FIIs). READ MORE

1:04 PM

Stock Market LIVE Updates: Here's why foreign brokerages see up to 36% upside in RIL; Q3 nos on Jan 16

Stock Market LIVE Updates: Reliance Industries (RIL) stock has been in focus given the significant underperformance of the index heavyweight over the last six months. RIL had tumbled over 25 per cent from its peak of Rs 1,617 in July to a low of Rs 1,201. In comparison, the BSE and NSE benchmark indices declined around 6 per cent in the same period. READ MORE 

12:57 PM

Stock Market LIVE Updates: Senco Gold shares decline 6% after posting Q3 update; check details here

Stock Market LIVE Updates: Senco Gold shares declined 6.4 per cent in Friday's trade on BSE, logging an intraday low of Rs 1,054 per share. The stock was under selling pressure after the company released its Q3 update. READ MORE 

12:49 PM

Stock Market LIVE Updates: NTPC Green's 2nd part of Bhainsara & Shajapur projects get commercial operation nod

Stock Market LIVE Updates: NTPC Green Energy today informed that based on a certificate issued by the Solar Energy Corporation of India, the second part capacity of the 60 MW out of the 320 MW Bhainsara Solar PV Project of its subsidiary, NTPC Renewable Energy, has been declared as commercially operational from January 7, 2025.

The company added that the second part of the 50 MW out of the 220 MW Shajapur Solar Project (Unit II), at Shajapur, MP, of its subsidiary, NTPC Renewable Energy has also been declared as commercially operational.

 

12:43 PM

Stock Market LIVE Updates: Why GTPL Hathway shares plunged 10% after Q3FY25 results; know here

Stock Market LIVE Updates: Investors dumped the shares of GTPL Hathway in loads on Friday after the company reported a sluggish third quarter earnings for the financial year 2024-25 (Q3FY25). GTPL Hathway share price plunged 9.85 per cent at Rs 132.65 per share on the BSE in intraday trade. 

GTPL Hathway, a digital cable TV and broadband service provider, reported a 57.2 per cent year-on-year (Y-o-Y) decline in net profit for the third quarter ending December 31, 2024. The company posted a net profit of Rs 10.1 crore, down from Rs 23.6 crore in the same period last year, according to a regulatory filing. However, the company’s revenue from operations rose by 4.3 per cent, reaching Rs 887.2 crore compared to Rs 850.8 crore in the corresponding quarter of the previous fiscal year. READ MORE

 

12:37 PM

Stock Market LIVE Updates: Sectoral funds rule the roost in December 2024 but are they worth the risk?

Stock Market LIVE Updates: Sector or thematic funds continued to rule the roost in December 2024 as these mutual funds garnered net assets worth Rs 15,332 crore during the month, as per data released by AMFI However, this also includes Rs 11,337 crore garnered by 12 new sector or thematic funds launched in December.

 

Thematic funds in India are a type of mutual fund that invests in specific sectors, themes, or trends rather than following a broad market index. These funds focus on particular themes such as technology, healthcare, infrastructure, or consumption, aiming to capitalize on growth potential in those areas. Sector and thematic funds allocate at least 80 per cent of their portfolios to stocks within a specific sector or theme. While thematic funds are usually more diversified than sector funds, they, too, are more concentrated than diversified equity funds. READ MORE