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
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12:36 PM
Overall, investors appear to view the incoming administration favorably for the sector, as the NSE Nifty IT Index has outperformed the broader market since the election. The president-elect’s promised tax cuts may result in businesses boosting technology expenditure. On the other hand, “America First” policies may discourage outsourcing, which the Indian companies depend on. READ MORE
Stock Market LIVE Updates: Infosys, HCL set to address business outlook under Donald Trump presidency
Stock Market LIVE Updates: Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings.
Overall, investors appear to view the incoming administration favorably for the sector, as the NSE Nifty IT Index has outperformed the broader market since the election. The president-elect’s promised tax cuts may result in businesses boosting technology expenditure. On the other hand, “America First” policies may discourage outsourcing, which the Indian companies depend on. READ MORE
12:35 PM
Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 trillion in equity and Rs 7.3 trillion from the debt markets, with the overall mop-up reaching Rs 10.7 trillion. READ MORE
Stock Market LIVE Updates: Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch
Stock Market LIVE Updates: Overall fundraising from capital markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 trillion in FY25 from the Rs 11.8 trillion in FY24, Sebi chief Madhabi Puri Buch said on Friday.
Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 trillion in equity and Rs 7.3 trillion from the debt markets, with the overall mop-up reaching Rs 10.7 trillion. READ MORE
12:30 PM
The company’s net profit climbed about 27 per cent year-on-year to Rs 425.4 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 335.5 crore in the same quarter a year ago (Q3FY24). READ MORE
Stock Market LIVE Updates: Why did IREDA shares fail to hold gains after Q3 results? Details here
Stock Market LIVE Updates: State-owned Indian Renewable Energy Development Agency (IREDA) share was in demand on Friday, January 10, 2025, as the scrip soared as much as 3.17 per cent to hit an intraday high of Rs 222.75 per share on the back of healthy profit and net interest income (NII).
The company’s net profit climbed about 27 per cent year-on-year to Rs 425.4 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 335.5 crore in the same quarter a year ago (Q3FY24). READ MORE
12:21 PM
The company, in an excange filing, said, "As per the communication received from GAIL (India) Limited (the nodal agency for domestic gas allocation), this is to inform that the domestic gas allocations to IRM Energy Limited have been revised upwards by 29% with effect from January 16, 2025, thus increasing the share of Domestic Gas in CNG Segment from 37% to 51%".
Stock Market LIVE Updates: IRM Energy's domestic gas allocation raised 29% by GAIL (India) from Jan 16
Stock Market LIVE Updates: IRM Energy today informed that it has received communication from GAIL (India), the nodal agency for domestic gas allocation, informing it about the upward revision to its gas allocation by 29 per cent, effective from January 16, 2025.
The company, in an excange filing, said, "As per the communication received from GAIL (India) Limited (the nodal agency for domestic gas allocation), this is to inform that the domestic gas allocations to IRM Energy Limited have been revised upwards by 29% with effect from January 16, 2025, thus increasing the share of Domestic Gas in CNG Segment from 37% to 51%".
12:14 PM
Stock Market LIVE Updates: Shriram Finance share declines 6% as it trades ex-stock split today
Stock Market LIVE Updates: Shriram Finance share price declined 6 per cent on the stock exchanges on Friday, January 10, 2025. The fall in Shriram Finance shares came as the stock began trading ex-date for stock split today.
Shriram Finance share hit an intraday low of Rs 528.7 per share on the BSE and Rs 529 on the NSE. By comparison, the Sensex and Nifty indices today were down 0.4 per cent each at 10:40 AM. READ MORE
12:02 PM
At 12 PM, the BSE Sensex was higher by 97.73 points, or 0.13 per cent, at 77,717.94, and the Nifty50 was at 23,528.65, marginally ahead by 2.15 points, or 0.01 per cent.
Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade with some gains in volatile session
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading with some gains or nearly flat amid volatile trading on Friday.
At 12 PM, the BSE Sensex was higher by 97.73 points, or 0.13 per cent, at 77,717.94, and the Nifty50 was at 23,528.65, marginally ahead by 2.15 points, or 0.01 per cent.
12:00 PM
Matter to be heard now on March 17, 2025.
Stock Market LIVE Updates: Supreme Court stays show GST cause notices on 71 online gaming cos: CNBC TV18
Stock Market LIVE Updates: Supreme Court stays show GST cause notices issued to online gaming companies for dues worth Rs 1.12 lakh crore, reports CNBC TV18.
Matter to be heard now on March 17, 2025.
11:56 AM
The company, in an exchange filing, said, "Senores Pharmaceuticals Limited has received final approval from the United States Food and Drug Administration (USFDA) for marketing Metoprolol Tartrate and Hydrochlorothiazide Tablet USP, 50 mg/25 mg and 100 mg/25 mg".
It added that the drug is indicated for the treatment of hypertension, to lower blood pressure.
According to IQVIATM and Symphony sales data for the 12-month period ending November 2024, the Metoprolol Tartrate and Hydrochlorothiazide Tablet USP, 50 mg/25 mg and 100 mg/25 mg market achieved annual sales of approximately $ 6 million and $ 10 million respectively.
Stock Market LIVE Updates: Senores Pharma gets USFDA nod for hypertension drug Metoprolol Tartrate
Stock Market LIVE Updates: Senores Pharmaceuticals today informed that it has received final approval from the United States Food and Drug Administration (US FDA) for marketing hypertension drug Metoprolol Tartrate and Hydrochlorothiazide Tablet USP, 50 mg/25 mg and 100 mg/25 mg.
The company, in an exchange filing, said, "Senores Pharmaceuticals Limited has received final approval from the United States Food and Drug Administration (USFDA) for marketing Metoprolol Tartrate and Hydrochlorothiazide Tablet USP, 50 mg/25 mg and 100 mg/25 mg".
It added that the drug is indicated for the treatment of hypertension, to lower blood pressure.
According to IQVIATM and Symphony sales data for the 12-month period ending November 2024, the Metoprolol Tartrate and Hydrochlorothiazide Tablet USP, 50 mg/25 mg and 100 mg/25 mg market achieved annual sales of approximately $ 6 million and $ 10 million respectively.
11:53 AM
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).
The BSE SmallCap index slipped 2.85 per cent in intra-day trade today. In one week, the index has fallen 6.5 per cent. In comparison, the BSE MidCap and the BSE Sensex are down 5.7 per cent and 2.7 per cent, respectively, during the week. At 10:27 AM, the BSE SmallCap index was down 1.9 per cent, compared to the 1.5 per cent decline in the BSE MidCap and the 0.33 per cent fall in the BSE Sensex. READ MORE
11:42 AM
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.
Off late, RIL stock seems to be finding support around its 200-WMA (Weekly Moving Average) and the super trend line on the monthly scale, which stands at Rs 1,200 and Rs 1,198, respectively. The stock has respected the monthly super trend line support for nearly 11 years now. The stock last traded below the monthly super trend line in April 2014. READ MORE
11:31 AM
Notably, IndusInd Bank share was also the top loser on BSE at the time of publishing this report.
The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to ‘Neutral’.
The brokerage also slashed the target price to Rs 1,090. However, the reduced target price reflects an upside potential of 11.12 per cent from the previous close of Rs 980.90 on January 9, 2025. READ MORE
Stock Market LIVE Updates: IndusInd Bank down 3% as Goldman Sachs downgrades to 'Neutral', cuts target
Stock Market LIVE Updates: Private banking company IndusInd Bank shares fell as much as 3.23 per cent to hit an intraday low of Rs 949.20, nearing its 52-week low of Rs 927.05.
Notably, IndusInd Bank share was also the top loser on BSE at the time of publishing this report.
The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to ‘Neutral’.
The brokerage also slashed the target price to Rs 1,090. However, the reduced target price reflects an upside potential of 11.12 per cent from the previous close of Rs 980.90 on January 9, 2025. READ MORE
11:24 AM
The company, in an exchange filing, said, "This is to inform that NTPC Limited has signed a Supplementary Joint Venture Agreement-2 (SJVA-2) with Nuclear Power Corporation of India Limited on 9 th January 2025... Signing of Supplementary Joint venture Agreement2 (SJVA-2) in order to amend Joint Venture Agreement (JVA) dated 27th April 2010 in respect of formation of a joint venture company Anushakti Vidhyut Nigam Limited (ASHVINI) between NTPC Limited and NPCIL".
The company added that the major amendments include provisions to re-structure NPCIL and NTPC Joint Venture Company, ASHVINI to have shareholding in the ratio of 51:49 for NPCIL and NTPC, respectively. Apart from that, it will also enable the transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MW from NPCIL to ASHVINI, enhance the Authorised Share Capital from Rs 5 crore to Rs 15,000 crore, and change the number of Directors nominated by NTPC and NPCIL in proportion to their respective shareholding.
Stock Market LIVE Updates: NTPC signs supplimentry JVA to transfer Mahi Banswara atomic project to ASHVINI
Stock Market LIVE Updates: NTPC today informed that it has signed a Supplymentary Joint Venture Agreement-2 (SJVA-2) with the Nuclear Power Corporation of India on January 9, to amend the joint venture agreement dated April 27, 2010, in respect of formation of a jiont venture company, Anushakti Vidhyut Nigam Limited (ASHVINI) between NTPC and NPCIL.
The company, in an exchange filing, said, "This is to inform that NTPC Limited has signed a Supplementary Joint Venture Agreement-2 (SJVA-2) with Nuclear Power Corporation of India Limited on 9 th January 2025... Signing of Supplementary Joint venture Agreement2 (SJVA-2) in order to amend Joint Venture Agreement (JVA) dated 27th April 2010 in respect of formation of a joint venture company Anushakti Vidhyut Nigam Limited (ASHVINI) between NTPC Limited and NPCIL".
The company added that the major amendments include provisions to re-structure NPCIL and NTPC Joint Venture Company, ASHVINI to have shareholding in the ratio of 51:49 for NPCIL and NTPC, respectively. Apart from that, it will also enable the transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MW from NPCIL to ASHVINI, enhance the Authorised Share Capital from Rs 5 crore to Rs 15,000 crore, and change the number of Directors nominated by NTPC and NPCIL in proportion to their respective shareholding.
11:17 AM
Around 10:07 AM, Swiggy share price was down 3.57 per cent at Rs 489.5 per share on BSE and Zomato share price was down 3 per cent at Rs 237.85 per share on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 77,134.41. 0.54 million Zomto shares changed hand on BSE and 0.13 million Swiggy shares changed hands on BSE. READ MORE
Stock Market LIVE Updates: Swiggy, Zomato slips up to 4%; is 10-minute food delivery raising concerns?
Stock Market LIVE Updates: Food delivery platforms Swiggy and Zomato shares lost up to 3.6 per cent in Friday's (January 10, 2025) trade on BSE. Investors sold these new age companies' stock after reports suggested that National Restaurant Association of India (NRAI) is likely to approach the Competition Commission of India (CCI) to address concerns regarding Zomato and Swiggy's recent launch of standalone apps for 10-minute food delivery.
Around 10:07 AM, Swiggy share price was down 3.57 per cent at Rs 489.5 per share on BSE and Zomato share price was down 3 per cent at Rs 237.85 per share on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 77,134.41. 0.54 million Zomto shares changed hand on BSE and 0.13 million Swiggy shares changed hands on BSE. READ MORE
11:12 AM
Stock Market LIVE Updates: National Fittings sells 4-acre land parcel for Rs 13.50 crore in Dindigul Taluk, TN
Stock Market LIVE Updates: National Fittings today informed that it has sold a land parcel measuring 4 acres, for an amount of Rs 13.50 crore, in Dindigul Taluk, Tamil Nadu.
The company, in an exchange filing, said, "This is to inform you that the Company has executed a Sale Deed on 09th January, 2025, effecting the sale of the Company's Land 4 acres situated at S F No: 630/1B, Thottanuthu Village, Dindigul Taluk for a consideration of Rs. 13.50 Crore".
11:07 AM
The company, in an exchange filing, said, "The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet".
Stock Market LIVE Updates: Godrej Prop buys land in Indore with saleable area of approx. 6.20 lakh sq. ft
Stock Market LIVE Updates: Godrej Properties today informed that it has acquired a land parcel measuring around 24-acres in Indore.
The company, in an exchange filing, said, "The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet".
After acquiring 46 acres in July’2024 on Indore-Ujjain Road, this will be GPL’s second acquisition in Indore.
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First Published: Jan 10 2025 | 7:58 AM IST
