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

9:24 AM

Stock Market LIVE Updates: TCS, Wipro, Tech Mahindra gain up to 4% on NSE

TCS, Wipro, Tech Mahindra gain up to 4 per cent on NSE.

9:22 AM

Stock Market LIVE Updates: Broader indices in red

The BSE SmallCap index was down 0.61 per cent, while the BSE MidCap index slipped 0.38 per cent. 

9:18 AM

Stock Market LIVE Updates: Heatmap check

20 out of 30 stocks were trading in red on the BSE Sensex.

9:18 AM

Stock Market LIVE Updates: Nifty50 above 23,550 level

The NSE's Nifty50 was up 48 points to 23,575 level. 

9:16 AM

Stock Market LIVE Updates: Sensex jumps over 150 pts

The BSE Sensex jumped 156 points to 77,776 level. 

9:10 AM

Stock Market LIVE Updates: Nifty above 23,550 in pre-open

Stock Market LIVE Updates: Nifty above 23,550 in pre-open.

9:08 AM

Stock Market LIVE Updates: Sensex up marginally in pre-open

The BSE Sensex was up 61 points 77,682 level in pre-open.

9:04 AM

Stock Market LIVE Updates: No respite to the sustained FII selling

In the context of the looming uncertainty regarding President Trump’s likely actions, the market is unlikely to rally in the near-term. There appears to be no respite to the sustained FII selling which touched Rs 7170 crores yesterday. This will continue to put pressure on the market.

 

Since the results season has started the market will witness lots of stock-specific action in response to the results. Results of TCS indicate that the IT sector will continue to remain resilient. Results of banking majors will be good but in the context of FII selling the sector may not perform in response to the results. Pharma and select auto stocks like Eicher, M&M and Bajaj Auto are potential outperformers in a weak market.

(View by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services)

8:58 AM

Stock Market LIVE Updates: Finance secretary Tuhin Kanta Pandey takes charge as revenue secretary

Stock Market LIVE Updates: Finance Secretary Tuhin Kanta Pandey on Thursday took charge as the revenue secretary in the finance ministry, a day after the Appointments Committee of the Cabinet announced his change in position.

In a major reshuffle in the finance ministry late on Wednesday evening, Pandey, who was serving as the secretary in the Department of Investment & Public Asset Management (DIPAM), was made the revenue secretary while incumbent revenue secretary Arunish Chawla was shifted to DIPAM after his brief stint. Both departments, part of the finance ministry, are currently at the height of activity in preparation for the 2025-26 (FY26) Budget, set to be presented on February 1. READ MORE

 

8:57 AM

Stock Market LIVE Updates: Budgeting in the time of Trump: Balancing growth, jobs, and governance

Stock Market LIVE Updates: Economic policymaking must always reckon with uncertainty. There are times when the uncertainty is acute. The biggest challenge in recent years was the Covid-19 pandemic. It was hard to tell how long it would last. The policy response to it was, however, quite clear — fiscal and monetary stimulus, although nations came up with varying degrees of stimuli.

 

What looms ahead of the Union Budget for FY26 is, perhaps, even more challenging. Nobody quite knows how the US President-elect, Donald Trump, will proceed with his plans and how other nations will respond.  Also uncertain are his stance on the two geopolitical hotspots at the moment, Ukraine and West Asia, not to mention his own additions, Greenland and the Panama Canal. The only known is that the world economy must brace for major shocks. The focus in the coming Union Budget must be to keep the growth momentum going so that the economy is better placed to withstand any shocks that arise. READ MORE

 

 

8:54 AM

Stock Market LIVE Updates: ARPU gains, dividend trigger for Bharti Airtel as telecom enters new phase

Stock Market LIVE Updates: The telecom industry may be moving into a new phase. After several years of consolidation, the three private telecom operators may report 5-6.5 per cent quarter-on-quarter (Q-o-Q) increase in average revenue per user or ARPU in third quarter of financial year 2025 (Q3FY25), as the full effect of tariff hikes in July kicked in. Pricing power is apparent with only 3+1 players (including BSNL).

 

Reliance Jio lost around 2 million subscribers Q-o-Q post-hikes, while Bharti Airtel may add around 3 million subscribers Q-o-Q. Vodafone Idea or VIL lost around 4 million customers Q-o-Q. Data usage per customer remains robust. READ MORE

 

8:53 AM

Stock Market LIVE Updates: Capital Infra Trust booked 2.8 times; Quadrant Future Tek subscribed 187x

Stock Market LIVE Updates: The initial public offering (IPO) of Quadrant Future Tek was subscribed to 187 times on Thursday, the concluding day of the issue. Institutional investors subscribed 132 times, wealthy investors 254.7 times, and retail investors 247 times. Quadrant Future Tek on Monday garnered Rs 130.50 crore from anchor investors ahead of IPO. The IPO was a fresh issue of up to Rs 290 crore, and the company has priced its issue between Rs 275 and Rs 290 per share. READ MORE

 

 

8:49 AM

Stock Market LIVE Updates: Trading volume in dollar-rupee NDF hits record high on arbitrage activity

Stock Market LIVE Updates: Trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.

 

Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140 per cent from a year ago, data from Clearing Corporation of India showed. The trades had averaged about $111 billion per month over the rest of 2024. READ MORE

 

8:47 AM

Stock Market LIVE Updates: Govt may introduce one-time amnesty scheme to resolve Customs disputes

Stock Market LIVE Updates: The Union government is considering introducing a one-time amnesty scheme in the FY26 Budget to be presented on February 1, similar to the Vivad Se Vishwas scheme for income tax, to resolve pending Customs disputes, a senior government official said on condition of anonymity.

“The proposed ‘Amnesty Scheme under Customs’ aims to facilitate the settlement of past dues, offering relief to the industry by reducing the burden of litigation. Under the scheme, importers may receive relief for disputes related to the Customs Act, which could include partial waiver of the duty in dispute, depending on the amount involved, as well as a complete waiver of interest and penalties,” the source said. READ MORE

 

8:46 AM

Stock Market LIVE Updates: Two key F&O norm changes will now take effect from February 10

Stock Market LIVE Updates: Two of the six-step measures introduced by the Securities and Exchange Board of India (Sebi) to curb frenzy in index derivatives will now take effect from February 10, instead of February 1, according to a notice by the National Stock Exchange (NSE).

The upfront collection of option premiums and the removal of calendar spread treatment on the expiry day will come into effect from February 10. READ MORE