Stock Market Close Highlights: Sensex recoups 650 pts from low, ends flat; RIL, ITC, TCS rally 2%
Stock Market Highlights, January 8, 2025: The benchmark equity indices showed great resistance on Wednesday as the BSE Sensex reovered around 650 points from its day's low to settle at 78,141.06, down
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Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth Rs 1,491.46 crore on January 7, and domestic institutional investors (DIIs) net bought shares worth Rs 1,615.28 crore on Tuesday. (Photo: Bloomberg)
12:16 PM
Notably, the RIL stock was the top gainer on both NSE and BSE, at the time of publishing the report.
The rise in RIL share price came after global brokerages as well as domestic brokerages remained upbeat about the prospects and growth of the oil-to-telecom conglomerate. READ MORE
Stock Market LIVE Updates: Thumbs up for RIL: Jefferies, Bernstein's bullish bet lifts stock over 2%
Stock Market LIVE Updates: Mukesh Ambani-led Reliance Industries shares were buzzing in trade on Wednesday, January 8, 2025, as the scrip rose up to 2.33 per cent to an intraday high of Rs 1,269.85 per share on BSE in an otherwise weak market.
Notably, the RIL stock was the top gainer on both NSE and BSE, at the time of publishing the report.
The rise in RIL share price came after global brokerages as well as domestic brokerages remained upbeat about the prospects and growth of the oil-to-telecom conglomerate. READ MORE
12:06 PM
The company, in an exchange filing, said, "The proposed merger of PTW and Bartronics aims to establish production, refurbishing, and training facilities in India to meet the growing demands of the semiconductor industry. This will drive innovation in products, services, and training thereby transforming the Indian semicon landscape. Additionally, it will support R&D, manufacturing, workforce training, and international collaborations, aligning with India's goal of becoming a global semiconductor hub".
PTW, having presence in more than 14 Countries across the globe, is the only refurbisher in the world that has ‘approved vendor’ status with more than 700 fabs around the world. These accounts include the market leaders like TSMC, UMC, Global Foundries, Sony, Samsung, Micron, ST Micro, Infineon, Texas Instruments, to name a few.
Stock Market LIVE Updates: Bartronics India signs MoU with Singapore’s PTW Group to spur semicon initiatives
Stock Market LIVE Updates: Bartronics India today informed that it has signed a Memorandum of Understanding with PTW Group, a Singapore based semiconductor solutions provider, to establish production, refurbishing, and training facilities in India to meet the growing demands of the semiconductor industry.
The company, in an exchange filing, said, "The proposed merger of PTW and Bartronics aims to establish production, refurbishing, and training facilities in India to meet the growing demands of the semiconductor industry. This will drive innovation in products, services, and training thereby transforming the Indian semicon landscape. Additionally, it will support R&D, manufacturing, workforce training, and international collaborations, aligning with India's goal of becoming a global semiconductor hub".
PTW, having presence in more than 14 Countries across the globe, is the only refurbisher in the world that has ‘approved vendor’ status with more than 700 fabs around the world. These accounts include the market leaders like TSMC, UMC, Global Foundries, Sony, Samsung, Micron, ST Micro, Infineon, Texas Instruments, to name a few.
12:02 PM
At 12 PM, the BSE Sensex was lower by 532.21 points, or 0.68 per cent, at 77,666.90, and the Nifty50 was at 23,549.60, down 158.30 points, or 0.67 per cent.
Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty maintain lower levels
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading with deep cuts on Wednesday, amid muted global cues.
At 12 PM, the BSE Sensex was lower by 532.21 points, or 0.68 per cent, at 77,666.90, and the Nifty50 was at 23,549.60, down 158.30 points, or 0.67 per cent.
11:56 AM
Around 10:42 AM, Sapphire Foods' share price was down 4.55 per cent at Rs 338 per share on BSE. In comparison, the BSE Sensex was down 0.66 per cent at 77,685.08. The market capitalisation of the company stood at Rs 10,838.78 crore. The 52-week high of the stock stood at Rs 400.5 per share and the 52-week low of the stock stood at Rs 259.2 per share. READ MORE
Stock Market LIVE Updates: Why Pizza Hut, KFC operator Sapphire Foods share slipped 5% in trade today?
Stock Market LIVE Updates: Sapphire Foods, which operates KFC and Pizza Hut, shares lost 5 per cent in Wednesday's trade on BSE, logging an intraday low at Rs 336.05 per share. The stock dropped after the company received a demand notice from goods and services tax (GST) authorities from Karnataka.
Around 10:42 AM, Sapphire Foods' share price was down 4.55 per cent at Rs 338 per share on BSE. In comparison, the BSE Sensex was down 0.66 per cent at 77,685.08. The market capitalisation of the company stood at Rs 10,838.78 crore. The 52-week high of the stock stood at Rs 400.5 per share and the 52-week low of the stock stood at Rs 259.2 per share. READ MORE
11:51 AM
The company, in an exchange filing, said this initiative establishes a direct air connection between Gujarat and Bhutan, addressing a significant market gap.
Recognising Gujarat’s strong appetite for outbound travel, the special direct flights open up opportunities for travellers to explore Bhutan with ease and convenience. The six-night itinerary has been thoughtfully designed incorporating unique Bhutan experiences with authentic Gujarati cuisine, it added.
Stock Market LIVE Updates: Thomas Cook India to start direct flights between Ahmedabad & Bhutan from Apr 2025
Stock Market LIVE Updates: Thomas Cook (India) today informed that along with its group company, SOTC Travel, it has launched special direct flights from Ahmedabad to Bhutan, commencing from April 2025.
The company, in an exchange filing, said this initiative establishes a direct air connection between Gujarat and Bhutan, addressing a significant market gap.
Recognising Gujarat’s strong appetite for outbound travel, the special direct flights open up opportunities for travellers to explore Bhutan with ease and convenience. The six-night itinerary has been thoughtfully designed incorporating unique Bhutan experiences with authentic Gujarati cuisine, it added.
11:46 AM
The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations.
Stock Market LIVE Updates: Ola Electric share tanks 5% on Sebi's administrative warning; details here
Stock Market LIVE Updates: Electric vehicle (EV) maker Ola Electric shares dropped as much as 5 per cent to hit an intraday low of Rs 75.20 per share on Wednesday, January 8, 2025.
The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations.
“The Company has received an administrative warning via email on January 7, 2025, issued by SEBI through its letter dated January 7, 2025,” Ola Electric said in a statement. READ MORE
11:43 AM
Stock Market LIVE Updates: Standard Glass Lining IPO closes today; subscription soars 35x, GMP up 68%
Stock Market LIVE Updates: The initial public offering (IPO) of Standard Glass Lining Technology, which opened for subscription on Monday, January 6, 2025, has received an overwhelming response from investors. The three-day subscription window to bid for the public offering is set to conclude today, Wednesday, January 8, 2025.
Available at a price band of Rs 133-140 per share and a lot size of 107 shares, the Standard Glass Lining IPO received bids for 72,53,55,782 equity shares against the 2,08,29,567 shares on offer, resulting in an oversubscription of 34.82 times by the end of January 7, according to data available on the National Stock Exchange (NSE). READ MORE
11:39 AM
The company, in an exchange filing, said, in the overseas market, it has secured an order for LNG equipment for a project in the USA.
The business also secured a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey.
Further, it has secured a prestigious repeat order from a leading oil & gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit (FCCU) revamp project.
The business also bagged an order from a prestigious client in Kuwait for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers.
On the domestic front, the Heavy Engineering business has secured orders for three urea reactors – from Southern Petrochemical Industries Corporation for India’s longest urea reactor, Indian Farmers Fertiliser Cooperative Ltd, and Indorama India Private Ltd.
These have taken the number of urea reactor orders that the business has received in recent years to 17 in a row, it added.
Stock Market LIVE Updates: L&T's Heavy Engg biz wins 'Significant - Rs 1k-2.5k cr' orders in India and abroad
Stock Market LIVE Updates: Larsen & Toubro today informed that its Heavy Engineering has won multiple orders (that it classifies as Significant, with deal value ranging between Rs 1,000 crore to Rs 2,500 crore) in Q3 of FY25 in the overseas and domestic markets.
The company, in an exchange filing, said, in the overseas market, it has secured an order for LNG equipment for a project in the USA.
The business also secured a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey.
Further, it has secured a prestigious repeat order from a leading oil & gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit (FCCU) revamp project.
The business also bagged an order from a prestigious client in Kuwait for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers.
On the domestic front, the Heavy Engineering business has secured orders for three urea reactors – from Southern Petrochemical Industries Corporation for India’s longest urea reactor, Indian Farmers Fertiliser Cooperative Ltd, and Indorama India Private Ltd.
These have taken the number of urea reactor orders that the business has received in recent years to 17 in a row, it added.
11:33 AM
In comparison, the BSE Sensex was down 0.28 per cent, while the BSE MidCap and BSE SmallCap indices were down 1 per cent each at 09:53 AM.
Stock Market LIVE Updates: Anant Raj rallies 7%, hits new high on healthy outlook; zooms 200% in 1 yr
Stock Market LIVE Updates: Shares of Anant Raj hit a new high of Rs 947.25, rallying 7 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes in an otherwise weak market on a healthy outlook. The stock price of the real estate company has surpassed its previous high of Rs 892, touched on January 2, 2025.
In comparison, the BSE Sensex was down 0.28 per cent, while the BSE MidCap and BSE SmallCap indices were down 1 per cent each at 09:53 AM.
Anant Raj is engaged in the business of real estate development (residential and commercial) in the National Capital Region (NCR), Rajasthan and Haryana. The company continues to significantly reduce its debt and expects to be net debt free by the end of the calendar year 2024. READ MORE
11:27 AM
Around 9:21 AM, Signature Global share price was up 2.62 per cent at Rs 1,388.2 per share on BSE. In comparison, the BSE Sensex was down 0.11 per cent at 78,113.39. The market capitalisation of the company stood at Rs 19,399.61 crore. The 52-week high of the stock stood at Rs 1,645.85 per share and the 52-week low of the stock stood at Rs 1,021.2 per share. READ MORE
Stock Market LIVE Updates: Signature Global shares gain 4% on posting Q3 update; check details here
Stock Market LIVE Updates: Signature Global (India) shares gained 3.7 per cent in Wednesday's trade on BSE, logging an intraday high at Rs 1,403.35 per share. The stock gained after the company released its Q3 update.
Around 9:21 AM, Signature Global share price was up 2.62 per cent at Rs 1,388.2 per share on BSE. In comparison, the BSE Sensex was down 0.11 per cent at 78,113.39. The market capitalisation of the company stood at Rs 19,399.61 crore. The 52-week high of the stock stood at Rs 1,645.85 per share and the 52-week low of the stock stood at Rs 1,021.2 per share. READ MORE
11:16 AM
Stock Market LIVE Updates: Exicom Tele Systems locks in 5% upper circuit on pact to expand EV charging
Stock Market LIVE Updates: Shares of Exicom Tele Systems were locked in 5 per cent upper circuit at Rs 250.25 a piece on the BSE in Wednesday’s intraday trade. Exicom Tele Systems share price surged after the company on Tuesday announced the signing of a Memorandum of Understanding (MoU) with Mufin Green Infra Limited, a provider of turnkey project solutions for EV charging infrastructure.
The MoU pertains to creation of EV charging solutions including installation of EV chargers & setting up of EV charging infrastructure. The collaboration will target customers like Charge Point Operators, bus operators, state utilities, and other end-users to accelerate EV adoption with charging solutions. READ MORE
11:06 AM
Stock Market LIVE Updates: Dr. Reddy's pops 4% after Nuvama upgrades to 'Buy'; arm sells US mfg unit
Stock Market LIVE Updates: Shares of pharmaceutical major Dr. Reddy’s Laboratories (Dr. Reddy’s Labs) rose sharply on Wednesday, January 8, 2025, climbing 3.99 per cent to an intraday high of Rs 1,404.60, nearing the 52-week high of Rs 1,420.20.
The surge in Dr. Reddy’s share followed an upgrade by domestic brokerage Nuvama, which raised its rating on the stock to ‘Buy’ from ‘Reduce.’ Nuvama has set a target price of Rs 1,553, representing an upside potential of 14.97 per cent from the previous close of Rs 1,350.75 on January 7. READ MORE
11:02 AM
At 11 AM, the BSE Sensex was lower by 496.34 points, or 0.63 per cent, at 77,702.77, and the Nifty50 was at 23,573.75, down 134.15 points, or 0.57 per cent.
Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty trade lower
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading with deep cuts on Wednesday, amid muted global cues.
At 11 AM, the BSE Sensex was lower by 496.34 points, or 0.63 per cent, at 77,702.77, and the Nifty50 was at 23,573.75, down 134.15 points, or 0.57 per cent.
10:54 AM
The company, in an exchange filing, said it has allocated Rs 4,500 crore, out of a total Rs 16,000 crore planned in the F22–F27 investment cycle— which includes powertrain development, two product top hats including software and tech, and manufacturing capacity.
It added that the EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem that leverages over 1,000 robots and multiple automated transfer systems.
Stock Market LIVE Updates: M&M unveils new EV manufacturing and battery assembly plant at Chakan facility
Stock Market LIVE Updates: Mahindra & Mahindra today informed the exchanges about the unveiling of its new dedicated state-of-the-art manufacturing and battery assembly facility at its Chakan plant that provides a fully integrated ecosystem dedicated to producing Electric Origin SUVs.
The company, in an exchange filing, said it has allocated Rs 4,500 crore, out of a total Rs 16,000 crore planned in the F22–F27 investment cycle— which includes powertrain development, two product top hats including software and tech, and manufacturing capacity.
It added that the EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem that leverages over 1,000 robots and multiple automated transfer systems.
10:48 AM
Stock Market LIVE Updates: Ashiana Housing advances 9% on posting Q3 biz update; sale value up 45% YoY
Stock Market LIVE Updates: Ashiana Housing shares gained 8.7 per cent in Wednesday's trade on BSE, logging an intraday high at Rs 395.9 per share. The buying in the stock came after the company released its Q3 business update.
Around 9:43 AM, Ashiana Housing share price was up 6.15 per cent at Rs 386.5 per share on BSE. In comparison, the BSE Sensex was down 0.20 per cent at 78,046.26. The market capitalisation of the company stood at Rs 3,874.23 crore. The 52-week high of the stock stood at Rs 468 per share and the 52-week low of the stock stood at Rs 268.9 per share. READ MORE
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First Published: Jan 08 2025 | 7:42 AM IST
