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

8:44 AM

Stock Market LIVE Updates: Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers

Stock Market LIVE Updates: Eyewear startup Lenskart has invited bankers to pitch for its upcoming initial public offering (IPO), aiming to raise between $750 million and $1 billion, according to a report by Moneycontrol on Thursday. The company is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026.

 

Earlier news reports suggested a potential IPO timeline of around two years. In November 2024, it was noted that Lenskart’s valuation could increase by 20 per cent to $6 billion if a $200-300 million secondary share sale materialises. READ MORE

 

8:43 AM

Stock Market LIVE Updates: Most brokerages bullish on TCS post Q3; CLSA upgrades to 'Outperform'

Stock Market LIVE Updates: Most of the global as well as domestic brokerages are upbeat on India’s largest IT services provider, TCS, following its December quarter of financial year 2025 (Q3FY25) performance, which missed Street estimates. 

 

Tata Consultancy Services (TCS) reported revenue of Rs 63,973 crore for the quarter, reflecting a 5.6 per cent year-on-year (Y-o-Y) growth, or 4.5 per cent Y-o-Y growth in constant currency (CC) terms. Net income stood at Rs 12,380 crore, reflecting a 5.5 per cent Y-o-Y increase. However, the company missed Bloomberg estimates, which had forecasted revenue at Rs 64,748 crore and net profit at Rs 12,534 crore.
 

The operating margin for the quarter was 24.5 per cent, a decline of 50 basis points (bps) Y-o-Y but an improvement of 40 bps sequentially. READ MORE

 

8:41 AM

Stock Market LIVE Updates: 'Market will witness lots of stock-specific action in response to results'

Stock Market LIVE Updates: "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 7,170 crore 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."

Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:36 AM

Stock Market LIVE Updates: Investors must tilt portfolio towards quality amid market volatility

Stock Market LIVE Updates: On January 6, 2025, the BSE Sensex dropped 1,400 points, while the Nifty declined by 400 points. Many retail investors are encountering their first bouts of sustained volatility in the market. Here’s how they can navigate this phase.

According to market experts, exaggerated valuations, lifetime-high indices, lower-than-expected corporate earnings, and geopolitical tensions have affected market stability. READ MORE

 

8:35 AM

Stock Market LIVE Updates: Aggressive hybrid funds: Cope with mkt volatility, benefit from rate cuts

Stock Market LIVE Updates: Volatility in the capital markets continues to pose a challenge to equity investors. At the same time, the possibility of interest rate cuts, following a prolonged wait, is becoming more likely. In such an environment, taking a balanced approach to investment through aggressive hybrid schemes of mutual funds may offer a prudent path forward.

 

“Aggressive hybrid funds are well-suited for the current market environment as equity markets are volatile due to global economic uncertainties, inflationary pressures, and shifting interest rate expectations. Their balanced asset allocation allows these funds to navigate such challenges more effectively,” says Nirav R. Karkera, head of research, Fisdom. READ MORE

 

 

8:34 AM

Stock Market LIVE Updates: Q3 results preview: Weak O2C biz likely to drag earnings for RIL again

Stock Market LIVE Updates: Reliance Industries Limited (RIL)’s core business is expected to once again drag earnings for the oil-to-telecom conglomerate in the third quarter of the current financial year (Q3FY25), said analysts. 

Earnings estimates for the Mukesh Ambani-promoted entity are expected to either remain flat or decline marginally at the Ebitda level, compared to a year ago. Ebitda is earnings before interest, taxes, depreciation and amortisation.
 

RIL is slated to declare its financial results for Q3FY25 on January 16. READ MORE

 

 

8:32 AM

Stock Market LIVE Updates: TCS Q3 results: Net profit jumps 12% to Rs 12,380 cr, revenue swells 5.6%

Stock Market LIVE Updates: An uncertain macro environment and slow discretionary spending on the part of its clients in major markets, coupled with seasonality weaknesses owing to furloughs, affected the third-quarter (October-December 2024) FY25 performance of India’s largest information-technology services player, Tata Consultancy Services (TCS).

 

TCS’ net profit for the third quarter, at Rs 12,380 crore, was up 11.9 per cent over Rs 11,058 crore in the same quarter of FY24. In Q3FY24 TCS had a one-time settlement of legal claims of Rs 958 crore. Taking this into consideration, net profit growth year-on-year (Y-o-Y) was 5.5 per cent.

Revenue grew 5.6 per cent at Rs 63,973 crore in the quarter concerned. Sequentially it was down 0.4 per cent. In dollars, revenue was down 1.7 per cent and went up 3.6 per cent Y-o-Y. READ MORE

 

8:31 AM

Stock Market LIVE Updates: Equity MFs cap strong 2024 with near-record inflows in December

Stock Market LIVE Updates: Equity mutual funds (MFs) capped a strong 2024 with near-record inflows in December. With net inflows of Rs 41,156 crore in December, the 2024 tally surged to Rs 3.9 trillion, up 144 per cent compared to 2023.

The December tally, which was only slightly short of the record-high inflows of Rs 41,887 crore achieved in October 2024, was fuelled by record inflows of Rs 9,761 crore into small-cap and mid-cap funds. READ MORE

 

 

8:30 AM

Stock Market LIVE Updates: Will Trump 2.0 aid India Inc earnings? Subhash Chand of SMC Global answers

Stock Market LIVE Updates: US President-elect Donald Trump's comeback may provide support to Indian companies' laggard earnings and muted stock market performance, accoring to Subhash Chand Aggarwal, chairman and managing director, SMC Global Securities Limited.

In an email interview with Business Standard's Sirali Gupta, Aggarwal said even though Trump's return to the White House could add to market volatility, it may provide several benefits to India. He also discussed expectations from the Union Budget, Q3 earnings, and rupee depreciation's impact on markets. READ MORE

 

8:18 AM

Stock Market LIVE Updates: Fundraising via equity, debt hit all-time high in 2024: Prime Database

Stock Market LIVE Updates: Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com.

 

The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024. READ MORE

 

8:17 AM

Stock Market LIVE Updates: Interest coverage ratio of unlisted cos at 30-year high, shows data

Stock Market LIVE Updates: Excess earnings of unlisted companies over and above their interest costs are at a record level.

The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE).

The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt. The uptick mirrors a similar improving trend in the listed space, where the ratio (5.28) is the highest in 16 years. READ MORE

 

8:16 AM

Stock Market LIVE Updates: Broad-based corporate capex recovery unlikely in FY26: India Ratings

Stock Market LIVE Updates: India Ratings on Thursday said that any broad-based or strong recovery in corporate capital expenditure was unlikely in the upcoming financial year 2026 (FY26) due to uncertainty of domestic and external demand.

 

The uncertainty is adversely affecting the overall corporate sector capex. Interest rates on credit are not the primary deterrent to decisions about capital expenditure, said Soumyajit Niyogi, director, core analytical group, Ind-Ra, in a webinar on the credit market outlook. READ MORE
 

 

8:14 AM

Stock Market LIVE Updates: Rupee hits record low of 85.94/$ intraday, recovers to close at 85.86/$

Stock Market LIVE Updates: The rupee on Thursday slipped to 85.94 against the dollar intraday, a fresh low, before recovering some losses to close the day at 85.86, flat compared to Wednesday’s closing.

Due to the heightened hedging activity by foreign investors and robust demand for dollars, three-month non-deliverable forward (NDF) points for the dollar-rupee pair has been trading at its highest since November 2022, according to Bloomberg data.
 

The rupee has been trading with a depreciation bias, hitting new lows over the past few weeks. READ MORE

 

8:13 AM

Stock Market LIVE Updates: Govt seeks suggestions to boost FDI inflows, may consider policy tweaks

Stock Market LIVE Updates: The Central government has asked industry associations, legal players and regulatory representatives to suggest ways to further improve the business climate for overseas investors to boost the flow of foreign direct investment (FDI) -- which has been on a decline for the last three years.

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday held a meeting with industry bodies CII, FICCI, ASSOCHAM, and representatives from the Reserve Bank of India to discuss norms governing inbound investments and to come up with ways to increase overseas equity flow into the country. READ MORE

 

8:12 AM

Stock Market LIVE Updates: India's economy likely to grow 6.6% in 2025, 6.7% in 2026: UN report

Stock Market LIVE Updates: The Indian economy is expected to grow by 6.6 per cent in 2025 and 6.7 per cent in 2026, supported by solid private consumption and investment growth, according to the United Nations (UN) flagship report, World Economic Situation and Prospects 2025, released on Thursday.

Keeping its 2025 growth forecast unchanged from its mid-2024 estimates, the UN report said, “In India, the public sector continues to play a pivotal role in funding large-scale infrastructure projects, physical and digital connectivity, and social infrastructure, including improvements in sanitation and water supply. Strong investment growth is expected to continue through 2025.” READ MORE