Stock Market Close Highlights: Sensex up for third day, gains 319 pts; Nifty at 23,312; banks shine
Markets Highlights: Broader markets outperformed the benchmarks, with the Nifty Midcap100, and Nifty Smallcap100 indices ending higher by over 1 per cent each
Stock Market Highlights, Thursday, January 16, 2025: Benchmark equity indices, the BSE Sensex and NSE Nifty50, ended in positive territory for the third consecutive session on Thursday. The 30-share Sensex added 318.74 points, or 0.42 per cent, to settle at 77,042.82. The index traded in a range of 77,319.50 to 76,895.51 today.
The NSE Nifty50 settled in the green at 23,311.80, with gains of 98.60 points, or 0.42 per cent. Nifty50 reached its day's high of 23,391.65, while the day's low was quoted at 23,272.05.
Thirty-three out of 50 constituent stocks of Nifty50 ended in the green, with gains led by HDFC Life, Bharat Electronics, Shriram Finance, SBI Life, and Adani Ports, rising up to 7.99 per cent.
Conversely, 17 constituent stocks ended in the red, with losses extending up to 2.90 per cent, led by Trent, Dr Reddy's Labs, Tata Consumer, HCL Tech, and Infosys.
Broader markets outperformed the benchmarks, with the Nifty Midcap100, and Nifty Smallcap100 indices ending higher by over 1 per cent each.
Meanwhile, the fear index, which gauges market volatility, ended 1.35 per cent higher at 15.17 points.
Banking shares stole the show among the sectoral markets with Nifty PSU Bank ending higher by 2.55 percent, with gains led by Punjab & Sind Bank and Indian Bank. This was followed by Bank Nifty rising by 1.08 per cent and Nifty Private Bank Index rising by 0.91 per cent.
Among others, Nifty Financial Services, Metal, and OMCs indices ended higher by up to 2.06 per cent. On the other hand, Nifty IT, FMCG, Pharma, and Consumer Durables were among the sectoral indices that ended in red with losses extending up to 0.56 per cent on Thursday.
10:25 AM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve. Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market's upward movement. However, weak economic growth data from the UK dampened some of this optimism. Despite higher valuations compared to leading indices, the broader market saw bargain buying during the recent correction.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
10:21 AM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: Nifty opened gap up and again consolidated during the day to close in the green up 99 points. The Nifty has been in a counter trend pullback mode after a sharp decline. The range of the previous three trading sessions has broken out on the upside indicating that the bounce is likely to continue towards 23,500 – 25,630. Hourly momentum indicator has a positive crossover which is a buy signal and suggests that the counter trend pullback can continue. On the downside the crucial support zone stands at 23,160 – 23,140.
View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan
View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan
10:12 AM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap and Smallcap end in green.
10:10 AM
Stock Market LIVE Updates: Here's a look at Nifty50 gainers and loser at close
Stock Market LIVE Updates: SBI Life, BEL, HDFC Life were among the top gainers on NSE Nifty50.
10:08 AM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: SBI, Adani Ports, Reliance Industries were among the top gainers on Sensex.
10:06 AM
Stock Market LIVE Updates: Nifty50 closes 98.60 pts higher at 23,311.80
Stock Market LIVE Updates: NSE Nifty50 settled 98.60 points or 0.42 per cent higher at 23,311.80.
10:04 AM
Stock Market LIVE Updates: Sensex closes 318.74 pts higher at 77,042.82
Stock Market LIVE Updates: BSE Sensex closed 318.74 points or 0.42 per cent higher at 77,042.82.
9:59 AM
Stock Market LIVE Updates: Here's why Waaree Technologies share was locked in 5% upper circuit today
Stock Market LIVE Updates: Waaree Technologies shares were in demand on Thursday, January 16, 2025, as the scrip was locked in 5 per cent upper circuit at Rs 383.75 per share, on BSE. Waaree Technologies share pricerose after it received an order of 99 sets of Solar off grid combo from a customer engaged in the trading activities. Read more
9:45 AM
Stock Market LIVE Updates: Gland Pharma stock up 3% after USFDA issues Establishment Inspection Report
Stock Market LIVE Updates: Shares of pharmaceutical company Gland Pharma advanced 2.76 per cent to today's high of Rs 1719 on the BSE during intra-day deals on Thursday, January 16, 2025. The company's share price advanced on the news that it has received an Establishment Inspection Report (EIR) from the USFDA (United States Food and Drug Administration) indicating the closure of the inspection. Read more
9:37 AM
Stock Market LIVE Updates: Sebi pushes Rs 250 monthly investment plans to deepen reach of equities
Stock Market LIVE Updates: India's markets regulator is pushing fund houses to popularise monthly investments as low as Rs 250, or $3, to expand the reach of equity investing in the world's most populous country. The Securities and Exchange Board of India (Sebi) is looking to introduce simpler customer identification rules and lower costs as it aims to popularise small-ticket investments via mutual funds, four sources familiar with the discussions said. Read more
9:31 AM
At 3 PM, the BSE Sensex was higher by 257.95 points, or 0.34 per cent, at 76,982.03, while the Nifty50 was at 23,305.55, ahead by 92.35 points, or 0.4 per cent.
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty hold gains
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Thursday, amid positive global cues.
At 3 PM, the BSE Sensex was higher by 257.95 points, or 0.34 per cent, at 76,982.03, while the Nifty50 was at 23,305.55, ahead by 92.35 points, or 0.4 per cent.
9:25 AM
Stock Market LIVE Updates: BSE shares soar 17% in 3 days, hits new high; market cap tops Rs 80,000 cr
Stock Market LIVE Updates: Shares of the BSE (Bombay Stock Exchange) Limited hit a record high of Rs 6,030.90, gaining 4 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade. In three days, the stock price of the exchange and data platform company has rallied 17 per cent. It surpassed its previous high of Rs 5,837.95, touched on December 20, 2024.
In the past six months, the market price of the BSE has more than doubled, or zoomed 154 per cent, from the level of Rs 2,371.40. In comparison, the Nifty 50 was down 5.2 per cent during the same period. READ MORE
9:18 AM
Stock Market LIVE Updates: Rikhav Securities IPO Day 2; subscription surpasses 20x, GMP zooms 81%
Stock Market LIVE Updates: The initial public offering (IPO) of financial services firm Rikhav Securities, which opened for subscription on January 15, 2025, has received strong demand, with the issue oversubscribed by 19.61 times as of 12:09 PM on January 16, 2025. The IPO, a book-built issue, is valued at Rs 88.82 crore, comprising a fresh issue of 8.32 million equity shares and an offer for sale (OFS) of 2 million equity shares.
Rikhav Securities raised Rs 25.11 crore from anchor investors during the pre-IPO placement that concluded on January 14, 2025. READ MORE
9:05 AM
Prior to which, the benchmark indices had dipped around 2.5 per cent so far this month, and held up to 12 per cent losses from the all-time highs.
Stock Market LIVE Updates: PVR Inox, Lodha, Glaxo: Should you buy these 5 oversold stocks? Find out
Stock Market LIVE Updates: Equity benchmark indices - the BSE Sensex and the NSE Nifty 50 have bounced back partly from the recent lows of 76,250 and 23,047, respectively, and were seen quoting around 77,000-mark and 23,300 levels.
Prior to which, the benchmark indices had dipped around 2.5 per cent so far this month, and held up to 12 per cent losses from the all-time highs.
Given the overall fall in the market, several stocks were seen trading in oversold condition on the RSI (Relative Strength Index) parameter. The 14-day RSI moves in the range of 1 - 100; with a reading below 30 considered as oversold, while a reading above 70 is considered as overbought. READ MORE
8:55 AM
Stock Market LIVE Updates: EID, Dalmia Bharat: Sugar stocks rise up to 8% on hopes of govt raising MSP
Stock Market LIVE Updates: A majority of sugar stocks rallied up to 8.1 per cent in Thursday's (January 16, 2025) trade after reports suggested the Indian government is soon likely to take a decision on increasing the minimum support price (MSP) of sugar.
Around 11:55 AM, individually on BSE, Dhampur Sugar Mills was up 5.9 per cent, Dwarikesh Sugar was up 4.68 per cent, Dalmia Bharat Sugar and Industries was up 4.14 per cent, Shree Renuka Sugars was up 3.61 per cent, Bajaj Hindusthan Sugar was up 3.59 per cent, and Mawana Sugars was up 3.46 per cent. READ MORE
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First Published: Jan 16 2025 | 8:06 AM IST