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Wednesday, January 08, 2025 | 04:16 PM ISTEN Hindi

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Stock Market Rally: Bulls party on D-St; Sensex soars 1436 pts, Nifty nears 24,200; auto, IT shine

Markets Today Highlights: Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Sun Pharma and Britannia, ended in the green, with gains extending up to 8.55 per cent

Image SI Reporter New Delhi
Indian markets

Image: Bloomberg

10:27 AM

Stock Market LIVE Updates: ATGL, IRB, Kalyan Jewellers top F&O buys in Jan thus far; FIIs short Nifty

Stock Market LIVE Updates: In the first four trading sessions of the futures & options (F&O) January series the Nifty has witnessed notable volatility; with the index broadly swinging in the 23,450 - 23,900 range. Overall, the Nifty 50 index has declined merely 0.1 per cent, while the January futures contract has seen the open interest rise by nearly 19 per cent.
 
Technically, on the daily chart, the Nifty has held its trend line support and formed a bullish candle on Wednesday, indicating strength. On the upside, 200-day Simple Moving Average (200-DSMA) is placed near 23,880, which will act as a short term resistance, while 23,500 will serve as support, said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates in a note. READ MORE
 
10:17 AM

Stock Market LIVE Updates: CSB Bank shares surge 6% as loan, deposits grow over 20% in Q3FY25

Stock Market LIVE Updates: CSB Bank share price surged as much as 6.2 per cent today to hit an intraday high of Rs 333 on the BSE. By comparison, the benchmark BSE Sensex today was up 236 points, or 0.3 per cent, at 78,743 levels in the morning deals.
 
CSB Bank shares gained on the stock exchanges today after the private bank shared its December quarter (Q3FY25) business update. READ MORE
 
 
10:08 AM

Stock Market LIVE Updates: Anya Polytech shares list at 22% premium; fall short of IPO GMP forecasts

Stock Market LIVE Updates: Shares of Anya Polytech & Fertilizers made a decent start on the NSE SME platform on Thursday, January 2, 2024, following the completion of its initial public offering. Anya Polytech shares listed at Rs 17.10 per share, reflecting a premium of Rs 3.10 or 22.14 per cent over the IPO allotment price of Rs 14.
 
Anya Polytech IPO listing fell short of the grey market expectations. Ahead of listing, Anya Polytech shares were quoted trading at Rs 20 per share, reflecting a grey market premium of Rs 6 or 42.86 per cent over the issue price of Rs 14. READ MORE
 
10:02 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher on Thursday, amid mixed global cues as most major global markets returned from the New Year's Day break.

At 10 AM, the BSE Sensex was higher by 304 points, or 0.39 per cent, at 78,811.80, while the Nifty50 was at 23,833.95, ahead by 91 points, or 0.38 per cent.
 
9:57 AM

Stock Market LIVE Updates: Ugro Capital gains nearly 2% on deal to buy stake in fintech platform MySubhLife

Stock Market LIVE Updates: The company entered a share purchase agreement and shareholders' agreement to acquire shares in "MyShubhLife" (Datasigns Technologies), an embedded finance fintech platform situated in Bangalore, from its current shareholders. 
9:52 AM

Stock Market LIVE Updates: Ind-Swift Laboratories up nearly 2% as it buys 40 bigha land parcel in Punjab

Stock Market LIVE Updates: Ind-Swift Laboratories completed the purchase of land ad measuring 40 bighas located in Punjab, for a total consideration of Rs 17.72 crore.
 
9:48 AM

Stock Market LIVE Updates: Ambuja Cements gains 1.6% on NSE nod for ITD Cementation acquisition

Stock Market LIVE Updates: The company received an observation letter from the BSE with 'no adverse remarks' and a 'no objection' from the National Stock Exchange of India (NSE) regarding Adani Cementation's scheme of amalgamation with the company. 
 
9:42 AM

Stock Market LIVE Updates: India Cements climbs nearly 1% on appointment of new CEO and CFO

Stock Market LIVE Updates: The board of India Cements (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing. 
 
9:38 AM

Stock Market LIVE Updates: South Indian Bank climbs over 2% as gross advances grow 12% YoY in December

Stock Market LIVE Updates: In its business update, South Indian Bank said its gross advances grew 11.94 per cent Y-o-Y to Rs 77,686 crore as compared to Rs 86,965 crore a year ago. 
 
9:36 AM

Stock Market LIVE Updates: NMDC climbs over 1% as its iron ore production rises 5.1% YoY

Stock Market LIVE Updates: The company's iron ore production increased by 5.1 per cent Y-o-Y to 4.71 million tonnes (MT) in December 2024, compared to 4.48 MT in the same month the previous year. However, iron ore sales fell by 6.7 per cent to 3.91 MT from 4.19 MT a year ago.
 
9:28 AM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates:  Having achieved 23,770, a consolidation is expected. A collapse is less likely, while a direct rise above 23,850 could trigger a 24,025 move, but not much beyond. We are yet to see evidence of momentum, keeping volatility the dominant theme.

View by Anand James, Chief Market Strategist, Geojit Financial Services
9:27 AM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Leading indicators available so far  do not indicate a pick up in economic growth. GST collections for December have declined 2.97 per cent month-on-month (M-o-M) indicating continuation of the slowdown. Therefore, Q3 corporate earnings are unlikely to register a rebound. This means investors have to focus on segments which will buck the slowdown like IT, pharma and to some extent financials. Luxury consumption like hotels, jewellery and aviation also are likely to post good results. FIIs are likely to continue with their selling strategy since the dollar remains strong and the U.S. bond yields are attractive enough for FIIs to ignore emerging markets in the near-term.
 
While DII buying can support the market at lower levels, that is not sufficient to take the market higher. For higher market levels we will have to wait for indications of growth and earnings recovery.

View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
9:26 AM

Stock Market LIVE Updates: A glance at broader market during open

Stock Market LIVE Updates: BSE Midcap traded flat with a negative bias, whereas Smallcap was up 0.32 per cent during open.

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9:23 AM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser during open

Stock Market LIVE Updates: Kotak Mahindra Bank, Bajaj Finance, Tata Motors were among the top gainers on Nifty50 during open.

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9:21 AM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser during open

Stock Market LIVE Updates: Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserve were among the top gainers on Sensex during open.

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First Published: Jan 02 2025 | 8:10 AM IST

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