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

8:19 AM

Stock Market LIVE Updates: Farm sector holds out amid headwinds - NSO's 1st advance estimates for FY25

Stock Market LIVE Updates: Amid slackness in other sectors, agriculture and allied activities might once again be among the few that could provide some silver lining in 2024-25.

 

Gross value added (GVA) at constant prices in agriculture and allied activities is projected to grow 3.8 per cent as against 1.4 per cent in FY24, the First Advance Estimates (FAE) of gross domestic product (GDP) for FY25, released on Tuesday, showed. READ MORE

 

8:18 AM

Stock Market LIVE Updates: Consumption jump, slower capex likely in FY25: NSO's 1st advance estimates

Stock Market LIVE Updates: Driven by a slowdown in government capital expenditure and sluggish private investments, growth in infrastructure investment is expected to moderate in the current financial year (FY25) compared to FY24, according to the first Advance Estimates of gross domestic product (GDP) for FY25 released by the National Statistics Office (NSO) on Tuesday. However, pick up in rural spending may lead to higher overall consumption growth in FY25 compared to FY24.

 

NSO data shows that the share of Gross Fixed Capital Formation (GFCF), a proxy for infrastructure investment in the economy, is expected to fall to 30.1 per cent of GDP in FY25 from 30.8 per cent in FY24 in nominal terms. Meanwhile, in real terms, growth in investment demand is likely to slump to 6.4 per cent in FY25 compared to 9 per cent in the previous financial year. READ MORE

 

8:17 AM

Stock Market LIVE Updates: FY25 GDP growth of 6.4% underwhelms, but are there silver linings?

Stock Market LIVE Updates: Real gross domestic product (GDP) growth is estimated to have slowed sharply to 6.4 per cent in the current financial year (FY25) from 8.2 per cent expansion in FY24, according to the first advance estimates released by the National Statistics Office (NSO).

Nominal GDP growth was more stable, at 9.7 per cent in FY25 versus 9.6 per cent growth in the last. That growth compares unfavorably with the 10.5 per cent growth assumed by the central government in making the estimates for the Budget in July. However, the government is not going to be too perturbed about achieving the modest additional fiscal consolidation required to hit the fiscal deficit target of 4.9 per cent of GDP. Buoyant revenue collections and weaker capex spending so far indicate scope for bigger savings. READ MORE

 

8:16 AM

Stock Market LIVE Updates: FY25 GDP growth may slip to 4-yr low of 6.4%: NSO's first advance estimates

Stock Market LIVE Updates: Growth in the Indian economy is estimated to slow to a four-year low of 6.4 per cent in FY25, falling short of the Reserve Bank of India’s (RBI’s) projection of 6.6 per cent, according to the First Advance Estimates of the National Statistics Office (NSO). The figures were released on Tuesday.

This assumes improved performance in agriculture and manufacturing during the second half of the financial year (October-March) compared to 6 per cent growth in the first half (H1) of FY25. READ MORE

 

8:14 AM

Stock Market LIVE Updates: Six new fund houses set to join Rs 68-trillion MF industry in 2025

Stock Market LIVE Updates: A host of new mutual fund (MF) players are set to enter the Rs 68-trillion industry in 2025 as the Securities and Exchange Board of India (Sebi) has issued several partial and final approvals in the past few months.

 

There are now at least six applicants either holding a licence or having in-principle approval. While Angel One and Unifi Capital have obtained the final licence, four applicants — Jio BlackRock, Capitalmind, Choice International, and Cosmea Financial Holdings — have received in-principle approvals. READ MORE

 

8:11 AM

Stock Market LIVE Updates: Companies reporting results today

Stock Market LIVE Updates: Transformers and Rectifiers (India), Reliance Home Finance, Adarsh Mercantile and Vivid Mercantile will announce their quarterly earnings on January 8.

8:10 AM

Stock Market LIVE Updates: Stocks to Watch, Jan 8, 2025 - Tata Steel, Sobha, M&M, REC, SBI, RVNL, CESC

Stock Market LIVE Updates: In the December 2024 quarter, Tata Steel's crude steel production stood at 5.68 million tons as compared to 5.35 million tons a year ago and 5.28 million tons in Q2FY25.

Production was up 8 per cent quarter-on-quarter (Q-o-Q) and 6 per cent year-on-year (Y-o-Y), aided by the commissioning of the 5 MTPA blast furnace at Kalinganagar in September. READ MORE

 

8:08 AM

Stock Market LIVE Updates: Nifty outlook indecisive, says Vinay Rajani; picks 2 stocks to buy today

Stock Market LIVE Updates: The Nifty took a pause in its fall by recovering 92 points or 0.39 per cent, to close at 23,707, on Tuesday. After early morning volatility, Nifty index consolidated in a narrow range throughout the day and oscillated within Monday's price move. Trend of the Index remains indecisive. Support for the index is seen at 23,460, while resistance for the same is seen at 23,800. READ MORE

 

8:06 AM

Stock Market LIVE Updates: Nifty IT in bearish trend; Nifty Auto index rangebound; how to trade today?

Stock Market LIVE Updates: The Nifty IT Index today is exhibiting a bearish trend in the near-term with charts signaling further downside potential. Traders are advised to adopt a sell-on-rise strategy, targeting 42,300 as the immediate level to watch.

 

Should the index close below 42,300, the next downside target is projected at 41,300, marking a significant support zone. Technical indicators, including MACD, RSI, and Stochastic, reinforce the bearish sentiment, as they indicate ongoing underperformance in both the index and Nifty IT stocks. READ MORE

 

 

8:05 AM

Stock Market LIVE Updates: Markets Today - FY25 GDP; Wall St. slips; Q3 results; Leo Dry Fruits listing

Stock Market LIVE Updates: Traders will closely analyse the FY25 GDP advance estimates on Wednesday, as market sentiment remains pressured by sustained selling from Foreign Institutional Investors (FIIs) and weakness in US markets. Consequently, the benchmark indices, Sensex and Nifty, are likely to open on a cautious note.

 

At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses. READ MORE

 

 

7:56 AM

Stock Market LIVE Updates: China, Japan decline, South Korea, Australia gain

Stock Market LIVE Updates: Markets in the Asia-Pacific region were mostly lower amid losses on Wall Street, while South Korea and Australia climbed.

Japan’s Nikkei 225 was 0.33 per cent lower, while the Topix declined 0.56 per cent. South Korea’s Kospi rose 1.13 per cent and the Kosdaq climbed marginally by 0.05 per cent.

Australia’s S&P/ASX 200 was trading higher by 0.55 per cent.

Hong Kong’s Hang Seng index was lower by 0.54 per cent, while the CSI 300 had shed 0.94 per cent. The Shanghai Composite was lower by 0.15 per cent.

 

7:46 AM

Stock Market LIVE Updates: US markets fall on rising Treasury Yields

Stock Market LIVE Updates: US stocks lost ground on Tuesday, while Treasury yields edged higher after data showed the American economy remained resilient, indicating the Federal Reserve could cut interest rates fewer times this year than the market had been expecting.

On Wall Street, all three main indices finished lower, with technology, consumer discretionary, and communication services stocks among the biggest losers. Energy and healthcare stocks advanced.

The Dow Jones Industrial Average fell 0.42 per cent to 42,528.36, the S&P 500 fell 1.11 per cent to 5,909.03 and the Nasdaq Composite fell 1.89 per cent to 19,489.68.

Benchmark 10-year Treasury yields hit an eight-month high, buoyed by data showing the US economy remained strong. The yield on 10-year notes rose 7.5 basis points to 4.691 per cent, having peaked at 4.699 per cent, the highest since April 26.

 

7:42 AM

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