Bloodbath On D-Street; Sensex Cracks 1000 Points; Nifty Slips Below 23,100 Levels

The Indian equity markets witnessed a sharp sell-off today, with both the Nifty and Sensex crashing over 1%. Nifty closed below the key psychological level of 23,100 at 23,088.45, down 343.05 points (-1.46%), while the BSE Sensex tumbled 1,001.95 points (-1.29%) to end at 76,376.96. All sectoral indices ended in the red, with Nifty Realty taking the biggest hit, followed by Media, Auto, and Pharma. On the Sensex, top losers included Zomato, PowerGrid, Adani Ports, Tata Steel, NTPC, and Tata Motors. Meanwhile, Nifty’s top laggards were Adani Enterprises, Trent, BPCL, BEL, and PowerGrid.

In the sectoral indices, all the sectors are in red, falling the most is nifty realty, followed by Media, Auto, Pharma. 

As per the pre close, Sensex indicates that it will close down by 1000 pts and nifty will closed at or below 23,000

Seven Hill has announced that the that a meeting of the Board of Directors of the Company will be held on Wednesday, January 15, 2025 inter alia, to approve and take on
record the Un-Audited Financial Results of the Company for the quarter ended on 31% December 2024 

Gujarat Toolroom Limited will hold 100% of the total share capital of GTL DIAM Trading FZCO comprising 100 shares of AED 1,000 each aggregating to AED 100,000 

DroneAcharya Aerial Innovations Limited has signed a MoU with Tata Communications Limited. for building customised drone solutions (“Static Drone”) for their experience center.

Aether Industries Limited has announced the Q3 date. As per the exchange filing, the Board Meeting, scheduled to be held on Friday, January 17, 2025. 

Also, the company said that the consolidated Financial Results will be ‘unaudited’. 

CMMI Version 3.0 (released in April 2024), introduced updates to make it more adaptable and flexible, with new focus areas like People Management, Data Management, and Virtual Delivery.

Godrej Properties enters Hyderabad with the launch of its first project, Godrej Madison Avenue, a residential project in Kokapet.

Standing tall with 50 storeys, Godrej Madison Avenue is set to become Godrej Properties' tallest residential tower in South India. 

 NBCC (India) Limited has entered into a Memorandum of Understanding (MoU) with Sarkari Awas Nirman Avam Vitt Nigam Ltd. 

Subsequent to the signing of the MoU, NBCC has been assigned with the work of taking of the possession and planning, designing and development of encumbrance free site admeasuring 50 acres as phase 1 of the Project having approx. value of Rs. 3,500 crores

INDOCO REMEDIES LTD. has informed that the meeting of the Board of Directors of the Company is scheduled on Tuesday, 21.01.2025. “to consider and approve Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31-12-2024” as per exchange filing. 

BEML announced that a Board Meeting will be held on Friday, 24.01.2025.  the company said: “to consider and approve the Un-Audited Financial Results for the third quarter and nine months ended 31.12.2024” as per the filing.
Also, the trading window would remain closed till 48 hours after the declaration of financial results i.e. up to 26.01.2025. 
 

Brigade Group Expansion has entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Centre (WTC) and supporting infrastructure, including a business hotel at Thiruvananthapuram which Aimed at developing around 1.5 million sq.ft of infrastructure, spread across a cluster of towers, which is (WTC) poised to bring in IT MNCs and provide ‘Grade A’ IT office space to the workforce in the park. The Brigade Enterprises Limited already signed and initiated the expansion of WTC in Kochi Infopark with its 3rd Tower, taking its IT infrastructure to over a million sq feet. Overall, Brigade plans to bring in appx Rs. 1,500 crores investment to the state in the coming years and the development is expected to generate employment opportunities, both direct & indirect, for over 10,000 people.Brigade Group

This week, US investors are set to gain deeper insights into the state of the economy following last week’s surprising jobs report, which caused stocks to drop. The stronger-than-expected nonfarm payroll data has fueled speculation that the Federal Reserve may adopt a cautious stance, raising uncertainty around further interest rate cuts.

Adding to the mix, the fourth-quarter earnings season will kick off in earnest, with major banks like Citigroup, Goldman Sachs, and JPMorgan Chase reporting midweek, followed by Morgan Stanley and Bank of America later in the week.

Markets ended last week in the red, with key indexes posting consecutive weekly losses. The Dow and S&P 500 saw notable declines, while the tech-heavy Nasdaq registered even steeper losses.

Economic data releases this week include the December consumer price index on Wednesday and the producer price index on Tuesday. Additionally, speeches from Kansas City Fed President Jeffrey Schmid and New York Fed President John Williams on Tuesday are expected to offer crucial insights into the Federal Reserve's next steps.

Zen Technologies has informed that the Investment and Finance Committee of the Board of Directors of Company at their meeting held today viz. Monday, January 13, 2025, has approved an investment(s) in M/s. Zen Technologies USA, Inc, a wholly owned subsidiary of the Company, upto USD 10 million, in one or more tranches. 

Maruti Suzuki has announced that the board of directors of the Company is scheduled to be held on Wednesday, the 29 January, 2025, to consider and approve, inter-alia, the unaudited financial results for the quarter that ended on 31 December, 2024.

The Indian stock market witnessed a sharp decline today as both Sensex and Nifty opened in red and continued to slide as of 12 noon. The Sensex is down by 600 points, while Nifty has dropped below the 23,300 mark. Out of the 30 Sensex stocks, only Axis Bank, IndusInd Bank, TCS, and Infosys are trading in green, while the rest are in red. Key losers on Sensex include Zomato, Tata Steel, Tech Mahindra, M&M, Asian Paints, Power Grid, and ICICI Bank. On the Nifty, top gainers include IndusInd Bank, Axis Bank, TCS, Shriram Finance, and Infosys, while the biggest laggards are Trent, Adani Enterprises, Apollo Hospitals, Grasim, and Tata Steel.

Adani Wilmar Shares go down to Rs 272.60 apiece, down by Rs 18.50 or 6.36 per cent as of 11 : 45 am.

The rupee's slide show went on for the second straight session on Monday, January 13, as it crashed 27 paise to hit a new lifetime low of 86.31 against the US dollar.

BSE Sensex and Nifty, the Indian blue-chip indices, opened at a sharp low on Monday, January 13, 2025. At 9:21 am, the BSE Sensex was down by 654 points, or 0.85 per cent, at 76,714, while the Nifty50 dropped 193 points, or 0.82 per cent, to 23,238.

Why Was The Market At A Low?

After a stronger-than-expected U.S. jobs report reduced expectations for early interest rate cuts by the Federal Reserve. Worries about slowing earnings also impacted market sentiment.

Market Recovery

The Market is gaining traction again. At 10 41 am, BSE stood at 77,069.04, and NSE at 23,288.20.

The equity shares of Standard Glass Lining Technology Ltd are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities. 

NSE opened at 23,195.40, reached a high of 23,252.90, and low of 23,172.70

BPCL opened At Rs 272.15 apiece, down by 1.98 per cent.

APOLLOHOSP opened at Rs 6907.55 apiece, down by 1.84 per cent.

M&M opened at Rs 3040.85 apiece, down by 1.68 per cent.

SBILIFE opened at Rs 1455.1 apiece, down by 1.57 per cent.

BEL opened at Rs  267.1 apiece, down by 1.44 per cent.

INDUSINDBK  Opened at Rs  960.75 apiece, up by  2.47 per cent
SHRIRAMFIN  Opened at Rs 535.2 apiece, up by  0.60 per cent
AXISBANK      Opened at Rs 1042.9 apiece,  up by  0.21 per cent
BRITANNIA     Opened at Rs 4944.05 apiece, up by 0.10 per cent
MARUTI          Opened at Rs 11637.7, up by  0.06 per cent
 

Stock Market pre-open stopped at 23,195.40, down by 236.10 or 1.01 per cent.
 

HCL Technologies, Anand Rathi Wealth, Angel One, Delta Corp, Den Networks, Himadri Speciality Chemical, Lotus Chocolate Co, Marathon Nextgen Realty, Urja Global, Sarthak Industries, and Sree Jayalakshmi Autospin will release quarterly earnings scorecard on January 13.