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

4:01 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty index is trading within a range of 23,500 to 24200. In Wednesday's session, it formed a hammer candlestick on the daily chart, closing near its 200-day EMA, thereby strengthening the 23,500 support level. A decisive move will require the index to close below 23,500, which could lead to heightened selling pressure, or sustain above 24,000 to pave the way for a potential rally toward 24,500. Monitoring these crucial levels is essential to identify the next trend in the index.

View by Vatsal Bhuva, Technical Analyst at LKP Securities.

3:54 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Slowing economic growth projections and caution ahead of Q3 numbers added volatility in the market. However, the market witnessed a recovery from the day’s low owing to accumulation of beaten-down blue-chip stocks and in expectation of government reforms in the upcoming budget to lift the tepid economy. The near-term sentiment is likely to be subdued due to the rise in US bond yield and fear of fewer rate cuts by the Fed.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:42 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap and Smallcap closed over 1 per cent lower.

 

3:40 PM

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

Stock Market LIVE Updates: Apollo Hospitals, Trent, UltraTech Cement were among the top gainers on Nifty. 

 

3:38 PM

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

Stock Market LIVE Updates: Adani Ports, UltraTech Cement, Zomato were among the top laggards on Sensex. Here is a heatmap 

 

 

3:35 PM

Stock Market LIVE Updates: Nifty ends 18.95 pts lower at 23,688.95

Stock Market LIVE Updates: NSE Nifty50 was down 18.95 points or 0.08 per cent at 23,688.95 on close.

 

3:33 PM

Stock Market LIVE Updates: Sensex closes 50.62 pts lower at 78,148.49

Stock Market LIVE Updates: BSE Sensex closed 50.62 points or 0.06 per cent lower at 78,148.49.

 

3:26 PM

Stock Market LIVE Updates: United Breweries halts beer supply to Telangana over pricing disputes

Stock Market LIVE Updates: United Breweries Ltd, the maker of Kingfisher beer, announced on Wednesday that it has suspended beer supply to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. READ MORE

 

3:21 PM

Stock Market LIVE Updates: Trent trades lower for fourth day in row; down 21% from 52-week high

Stock Market LIVE Updates: Trent shares are down 4 per cent at Rs 6,591 on the BSE in Wednesday’s intra-day deals, underperforming the market in the last few trading days. Shares of The Tata Group company that is engaged in the speciality retail business is trading lower for the fourth straight trading session; it has shed 10 per cent on profit booking. The stock has corrected 21 per cent from its 52-week high level of Rs 8,345.85, touched on October 14, 2024. READ MORE

3:12 PM

Stock Market LIVE Updates: SNACC: Swiggy launches new app with 15-minute food delivery promise

Stock Market LIVE Updates: Food and grocery delivery service platform Swiggy on Wednesday introduced a new app, SNACC, promising delivery of quick bites, beverages, and meals within 15 minutes. This launch comes as Zomato and Zepto introduce their own quick delivery offerings, among other competitors. READ MORE 

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower with smaller cuts

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading with smaller cuts on Wednesday, amid muted global cues.

At 3 PM, the BSE Sensex was lower by 50.34 points, or 0.06 per cent, at 78,148.77, and the Nifty50 was at 23,686.05, down 21.85 points, or 0.09 per cent.

 

2:57 PM

Stock Market LIVE Updates: MMTC, MSTC shares soar upto 14%; here's why they outran Sensex, Nifty today

Stock Market LIVE Updates: Shares of government-owned MMTC and MSTC were outperforming the stock markets today, January 8, 2025. While MMTC share price jumped 13.8 per cent (Rs 80.70) on the BSE, MSTC share price rallied 9.8 per cent (Rs 725) in the intraday trade.

At 1:40 PM, however, MMTC share price was trading around 7.6 per cent higher at Rs 76.31 per share, and MSTC share price was quoting 4.5 per cent higher at Rs 691.65 per share. Around 42.94 million shares have changed hands on the MMTC counter, combined, on the BSE and NSE, while 0.96 million shares have changed hands on the MSTC counter. READ MORE

 

2:44 PM

Stock Market LIVE Updates: Here's why Tata Technologies shares were in demand on January 8

Stock Market LIVE Updates: Engineering services company Tata Technologies shares rose as much as 3.41 per cent to hit an intraday high of Rs 912 apiece on Wednesday, January 8, 2025. 

 

The uptick in share price came after Tata Technologies and Telechips, an automotive semiconductor solutions provider, announced a strategic partnership at CES 2025 to revolutionise vehicle software solutions for next-generation software-defined vehicles (SDVs). READ MORE

 

2:33 PM

Stock Market LIVE Updates: Sensex cracks 2,500 pts in 4 days, Nifty below 50-wk average; what next?

Stock Market LIVE Updates: The BSE (Bombay Stock Exchange) benchmark index has plunged 3 per cent or nearly 2,500 points in the last four trading sessions. Whereas, it’s counter-part, the NSE (National Stock Exchange) Nifty 50 index has shed 2.8 per cent or 679 points to a low of 23,496.

Among the Nifty 50 shares, ITC was the major loser, mostly on account of price-adjusted for demerger of its hotel business. Among others, Trent, BPCL, HDFC Bank, Adani Ports, Kotak Mahindra, Bank, TCS and Tata Steel bore the brunt of the selling. ONGC, SBI Life, Tata Motors and Titan were the stark outperformers in the last four days. READ MORE

 

2:31 PM

Stock Market LIVE: United suspends beer supply to Telangana Beverages citing unpaid dues, no price revision

Stock Market LIVE Updates: United Breweries today informed on the exchanges that it has decided to suspend the supply of beer to Telangana Beverages Corporation Limited with immediate effect.

The company, in an exchange filing, said, "This decision of the Company has arisen because (a) TGBCL has not revised the basic price of the Company’s beer since 2019-20, resulting in huge losses in the State and (b) significant overdues remaining unpaid by TGBCL for the past supply of beer by the Company. As a result, the continued supply of our beer to TGBCL has been rendered unviable".