Stock Market Close Highlights: Sensex bounces back, gains 535pts as banks rally; Nifty at 22,957
Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent
8:25 AM
Kotak Institutional Equities highlighted that DLF recorded strong pre-sales of Rs 12,100 crore for Q3FY25, reflecting a 34 per cent year-on-year (Y-o-Y) growth. A major portion of this growth, Rs 11,800 crore, analysts highlighted, came from the Dahlia launch.
Stock Market LIVE Updates: DLF shares: Dahlias' strong pre-sales trigger bullish calls by analysts
Stock Market LIVE Updates: Analysts remain optimistic about real estate major DLF, with the company's strong pre-sales performance in the December quarter of FY25 (Q3FY25) driven by the launch of Dahlia.
Kotak Institutional Equities highlighted that DLF recorded strong pre-sales of Rs 12,100 crore for Q3FY25, reflecting a 34 per cent year-on-year (Y-o-Y) growth. A major portion of this growth, Rs 11,800 crore, analysts highlighted, came from the Dahlia launch.
With a total of Rs 19,200 crore in pre-sales for the first nine months of FY25, DLF has already surpassed its full-year guidance of Rs 17,000 crore, they noted. READ MORE
8:13 AM
Stock Market LIVE Updates: Budget may provide triggers for the market, says Naveen Kulkarni, Axis Sec PMS
Stock Market LIVE Updates: The budget could provide the next set of triggers for the market and revive investor confidence, which has taken a beating in the last three months, says Naveen Kulkarni, chief investment officer at Axis Securities PMS. READ MORE
8:07 AM
Stock Market LIVE Updates: ITC, UB, Delta Corp: Trading strategies for sin stocks ahead of Budget 2025
Stock Market LIVE Updates: Shares of alcohol, tobacco and gambling related companies are considered as 'sin' stocks by ethical investors due to the perception of profiting from human weaknesses and vices. These companies are highly regulated, taxed compared to other companies. READ MORE
8:00 AM
Stock Market LIVE Updates: Updater Services share skyrockets 12% after solid Q3 show; profit up 52%
Stock Market LIVE Updates: Updater Services share price gained 12 per cent at Rs 360 a piece on the BSE in Tuesday’s intraday trade after the company delivered a solid financial performance in the third quarter of financial year 2024-25 (Q3FY25). READ MORE
7:48 AM
Around 11:37 AM, among the banking stocks on the Nifty Bank index, HDFC Bank, Axis Bank gained over 3 per cent, IDFC First Bank, ICICI Bank and AU Small
Finance Bank gained over 2 per cent and Bank of Baroda and IndusInd Bank rose over 1 per cent. On the index 8 stocks advanced and 4 declined.
Stock Market LIVE Updates: HDFC Bank, Axis Bank, others rise as RBI announces liquidity measures
Stock Market LIVE Updates: Nifty Bank and Nifty Financial Services gained 2.1 per cent each in Tuesday's (January 28, 2025) trade after the Reserve Bank of India (RBI) announced a three-pronged measure to address tight liquidity conditions in the banking system.
Around 11:37 AM, among the banking stocks on the Nifty Bank index, HDFC Bank, Axis Bank gained over 3 per cent, IDFC First Bank, ICICI Bank and AU Small
Finance Bank gained over 2 per cent and Bank of Baroda and IndusInd Bank rose over 1 per cent. On the index 8 stocks advanced and 4 declined.
Similarly, on the Nifty Financial Service index, among others, Cholamandalam Investment and Finance was up over 4 per cent, Bajaj Finserv and Shriram Finance was up over 1 per cent.
On Monday, the central bank announced open market operations (OMO) to purchase government securities worth Rs 60,000 crore in three tranches of Rs 20,000 crore each on January 30, February 13, and February 20. READ MORE
7:41 AM
Stock Market LIVE Updates: Aditya Birla Sun Life share plummets 8% after Q3 results; here's why
Stock Market LIVE Updates: Aditya Birla Sun Life AMC share price dipped 8.45 per cent at Rs 588.90 a piece on the BSE in Tuesday’s intraday trade. This came after investors booked profits in the stock despite the company, a subsidiary of Aditya Birla Capital, reporting a 7.3 per cent increase in net profit for the third quarter ending December 31, 2024.
The company's net profit stood at Rs 224.5 crore, compared to Rs 209.3 crore during the same quarter last year. Revenue from operations also grew 30.3 per cent, reaching Rs 445.1 crore, up from Rs 341.5 crore in Q3FY24. READ MORE
7:34 AM
At 1:02 PM, the BSE Sensex was higher by 854.45 points, or 1.13 per cent, at 76,220.62, and the Nifty50 was at 23,044.90, up 215.75 points, or 0.95 per cent.
Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain higher levels
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, amid mixed global cues.
At 1:02 PM, the BSE Sensex was higher by 854.45 points, or 1.13 per cent, at 76,220.62, and the Nifty50 was at 23,044.90, up 215.75 points, or 0.95 per cent.
7:29 AM
The airline had recently entered into services agreements with StandardAero Inc., a leading maintenance, repair, and overhaul (MRO) provider, and CFM International, Inc., the OEM for LEAP-1B engines, to facilitate the restoration of its MAX fleet.
Under its ongoing fleet restoration plan, the airline aims to bring ten aircraft, including four Boeing 737 MAX planes, back into service by mid-April 2025 and this is the first 737 MAX aircraft to be brought back under the exercise, the company said in an exchange filing.
Stock Market LIVE: SpiceJet to re-induct 1st grounded 737 MAX on Jan 29, to re-deploy 10 aircraft by mid-Apr
Stock Market LIVE Updates: SpiceJet informed today that it will re-induct its first ungrounded Boeing 737 MAX aircraft into operations starting January 29, 2025.
The airline had recently entered into services agreements with StandardAero Inc., a leading maintenance, repair, and overhaul (MRO) provider, and CFM International, Inc., the OEM for LEAP-1B engines, to facilitate the restoration of its MAX fleet.
Under its ongoing fleet restoration plan, the airline aims to bring ten aircraft, including four Boeing 737 MAX planes, back into service by mid-April 2025 and this is the first 737 MAX aircraft to be brought back under the exercise, the company said in an exchange filing.
The addition of the MAX aircraft will enable SpiceJet to operate to high-demand markets such as Jeddah and Riyadh without any operational restrictions, it added.
7:19 AM
The company announced that it has received 30,000 pre-orders for EZIO and EZIBOT from existing fleet operators, highlighting the strong market demand and trust in its innovative mobility solutions.
The vehicles cater to specific urban requirements and underscore Gensol EV's commitment to developing world-class products in India, ready for global adoption and scale.
EZIO is a 2-door, 2-seater electric vehicle designed for city commuting. It is a first of its kind EV that features an innovative reverse trike design that optimises energy efficiency, reduces vehicle weight, and enhances stability—making it the ideal solution for fleet operators and shared mobility users navigating urban traffic.
Stock Market LIVE Updates: Gensol EV gets 30,000 pre-orders for EZIO and EZIBOT from existing fleet operators
Stock Market LIVE Updates: Gensol Engineering informed today that its subsidiary Gensol Electric Vehicles, launched its micro urban mobility compact electric vehicle, ‘EZIO’ and a last-mile delivery and cargo electric vehicle ‘EZIBOT’ at the Bharat Mobility Global Expo 2025.
The company announced that it has received 30,000 pre-orders for EZIO and EZIBOT from existing fleet operators, highlighting the strong market demand and trust in its innovative mobility solutions.
The vehicles cater to specific urban requirements and underscore Gensol EV's commitment to developing world-class products in India, ready for global adoption and scale.
EZIO is a 2-door, 2-seater electric vehicle designed for city commuting. It is a first of its kind EV that features an innovative reverse trike design that optimises energy efficiency, reduces vehicle weight, and enhances stability—making it the ideal solution for fleet operators and shared mobility users navigating urban traffic.
7:15 AM
Brokerages tracked by Business Standard estimate the revenue of PB Fintech to grow 44.1 per cent year-on-year (Y-o-Y), on an average, to Rs 1,255.03 crore as compared to Rs 870.9 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, revenue is forecasted to rise 7.5 per cent.
Stock Market LIVE Updates: Policybazaar owner PB Fintech's Q3 PAT may rise 86% YoY, rev 44%: Analysts
Stock Market LIVE Updates: PB Fintech, which owns and operates PolicyBazaar is all set to release its third quarter (Q3FY25) results on Thursday, January 30, 2025.
Brokerages tracked by Business Standard estimate the revenue of PB Fintech to grow 44.1 per cent year-on-year (Y-o-Y), on an average, to Rs 1,255.03 crore as compared to Rs 870.9 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, revenue is forecasted to rise 7.5 per cent.
Further, PB Fintech's bottom line or profit after tax (PAT) for the quarter that ended December 31, 2024, is estimated to grow 86 per cent to Rs 70.7 crore, on average, as compared to Rs 38 crore a year ago. On a quarterly basis, the PAT is expected to grow 39.4 per cent. READ MORE
7:05 AM
Stock Market LIVE Updates: Smallcap extends fall, down 4%; Anant Raj, Netweb, Newgen tank up to 20%
Stock Market LIVE Updates: Shares of smallcap companies have continued to remain under pressure, with the BSE Smallcap index declining 4 per cent in Tuesday’s intra-day trade so far. The index has extended its past two day’s fall of 6 per cent, as foreign portfolio investors (FPIs) extended their selling streak amid concerns over an earnings growth slowdown.
The BSE Small index hit an intra-day low of 46,475.43 on the BSE. It is trading at its lowest level since June 6, 2024, when the index had hit a low of 47,386.41 in intra-day trades then. A total of 204 stocks from the index have hit their respective 52-week lows today. READ MORE
6:57 AM
The fall in US-based chipmakers stocks was attributed to the emergence of low-cost China-based AI start-up DeepSeek. Back home, on the bourses, the Nifty IT index rose around 1 per cent as stocks bounced back from the previous day's sell-off. At 10:30 AM, the IT index had pared gains and was up 0.3 per cent around 42,200 levels led by gains in Infosys and TCS.
Stock Market LIVE Updates: Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here
Stock Market LIVE Updates: Technology-laced US-based NASDAQ tumbled over 3 per cent in trades on Monday, dragged by a massive fall in AI (Artificial Intelligence) giant Nvidia shares, which cracked as much as 17 per cent. The sharp fall in Nvidia shares saw it market value erode by nearly $600 billion in a single day.
The fall in US-based chipmakers stocks was attributed to the emergence of low-cost China-based AI start-up DeepSeek. Back home, on the bourses, the Nifty IT index rose around 1 per cent as stocks bounced back from the previous day's sell-off. At 10:30 AM, the IT index had pared gains and was up 0.3 per cent around 42,200 levels led by gains in Infosys and TCS.
Meanwhile, can the sell-off in the US IT stocks impact sentiment at Indian tech shares? Here's what the technical charts suggest. READ MORE
6:44 AM
Stock Market LIVE Updates: RailTel Corp share drops 8% after margins dip in Q3 show; know more
Stock Market LIVE Updates: RailTel Corporation of India share slipped 7.69 per cent at Rs 336.10 a piece on the BSE in Tuesday’s intraday trade after the public sector enterprise released its financial results for the third quarter ending December 31, 2024 (Q3FY25), on Monday, revealing a decline operating margins.
RailTel Corporation’s net profit rose by 4.7 per cent year-on-year (Y-o-Y) to Rs 65 crore in Q3FY25, compared to Rs 62.1 crore in the corresponding quarter of the previous year. Revenue from operations grew by 14.8 per cent Y-o-Y, reaching Rs 767.6 crore in Q3FY25, up from Rs 668.4 crore in Q3FY24. READ MORE
6:32 AM
At 12 PM, the BSE Sensex was higher by 696.19 points, or 0.92 per cent, at 76,062.36, and the Nifty50 was at 22,998.55, up 169.40 points, or 0.74 per cent.
Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty climb higher
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, amid mixed global cues.
At 12 PM, the BSE Sensex was higher by 696.19 points, or 0.92 per cent, at 76,062.36, and the Nifty50 was at 22,998.55, up 169.40 points, or 0.74 per cent.
6:23 AM
Mithraem Bharucha serves as the Fund Manager for the Bank of India Money Market Fund.
Stock Market LIVE Updates: Bank of India Money Market Fund NFO opens today; check key features here
Stock Market LIVE Updates: Bank of India Mutual Fund's new fund offering (NFO), Bank of India Money Market Fund, opens for public subscription today, January 28, 2025. The NFO is an open-ended debt scheme investing in money market instruments.
Mithraem Bharucha serves as the Fund Manager for the Bank of India Money Market Fund.
According to the Scheme Information Document (SID), the investment objective is to generate returns with reasonable liquidity for the unitholders by investing in money market instruments. "There is no assurance that the investment objective of the Scheme will be achieved." READ MORE
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First Published: Jan 28 2025 | 7:55 AM IST