Stock Market LIVE: Sensex Up By 200 Pts, Nifty Around 23,300

Adani Group stocks, including Adani Power, Adani Green Energy, Adani Enterprises, and Adani Ports, witnessed a notable rally on Thursday, January 16. This surge followed the announcement that US-based short-selling firm Hindenburg Research, which had targeted the conglomerate with explosive allegations, has ceased operations.
Adani Power led the charge, jumping nearly 9% in early trade. Adani Green Energy also climbed by the same margin. Adani Enterprises followed with a 7.7% gain, while Adani Total Gas, Adani Energy Solutions, and Adani Ports rose as much as 6.6%.
 

Adani Group stocks witnessed a sharp rise of up to 9% during the trading session on Thursday, January 16, 2025. The rally came after Hindenburg Research LLC, the US-based short-selling firm known for its critical reports against the conglomerate, announced its decision to shut down operations. The closure of Hindenburg Research brought renewed investor confidence, fueling a strong upward momentum in Adani stocks.

Aditya Birla Money informed that a Meeting of the Board of Directors of the Company is Scheduled to be held on Friday, January 24, 2025, to consider and approve, inter-alia, the Un-Audited Financial Results of the Company for the Quarter and nine months ended December 31, 2024.

Agarwal Industrial Corporation Limited proudly announces the induction of its 11th vessel, MT AQUILO, with a carrying capacity of 12,357 MT, into its esteemed fleet. With this addition, the company, through its wholly owned subsidiary viz. AICL Overseas FZ-LLC, now owns a total of 11 vessels boasting a combined carrying capacity of 1,14,406 MT.

Sun Pharmaceutical Industries o inform that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 31, 2025, inter-alia to, Consider and approve Unaudited Financial Results for the quarter and nine months ended December 31, 2024 and Consider and approve the declaration of Interim Dividend for the financial year 2024-25.
 

Key earnings to watch out
Reliance Industries Ltd (RIL)
Infosys
Axis Bank 
LTIMindtree
Havells India
 Mastek
 Metro Brands
Mudra Financial Services
 GG Engineering
Hatsun Agro Product
Hawa Engineers
Kesoram Industries
DB Corp
GG Engineering

SBI informed on the BSE and NSE that a meeting of the Central Board of the Bank will be held on Thursday, 6th February 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter ended 31.12.2024.

Gainers - HDFC Life, Shriram Fin, BEL, SBI life and Hindalco 
Losers - Trent, Dr Reddy, Tata Consumer, HCL Tech, Wipro 

TARO Pharmaceuticals Inc., a subsidiary of Sun Pharmaceutical Industries Limited (together with its subsidiaries and/or affiliates referred to as “Sun Pharma”), has entered into an agreement with Antibe Therapeutics Inc., Canada, pursuant to which Sun Pharma has agreed to acquire 100% stake in Antibe Therapeutics Inc.

The company informed  that a meeting of the Board of Directors of the Company will be held on Thursday, 30th January 2025, inter-alia, to consider and approve the unaudited
 consolidated and standalone financial results of the Company for the quarter and nine months ended 31st December 2024 

Waaree Technologies received an order of 99 sets of Solar off grid combo on January 15, 2025, from a customer engaged in the trading activities, to be delivered in three months.
 

Aarcon Facilities announced that the Board of Directors of the Company is scheduled to be held on Tuesday, i.e. 28" January, 2025 to Un-Audited Financial Results for the quarter ended 31/12/2024 

ITC informed on the exchange filing that SES ESG Research Private Limited (SES), a SEBI registered ESG Rating Provider, has voluntarily assigned an ESG Score (Adjusted) of 79.3 to the Company based on data pertaining to the financial year 2023-24 (enhanced from 77.4 for the financial year 2022-23); the Report was received by the Company on 14th January, 2025
 

Titan has announced that t a meeting of the Board of Directors of the Company is scheduled on Tuesday, 4th February 2025 to inter alia, consider and approve the unaudited financial results (standalone and consolidated) for the quarter and nine months ended 31st December 2024.

Zomato has announced the board of directors will meet on n Monday, January 20, 2025, to inter-alia, consider and approve the unaudited financial results (standalone and consolidated) of the Company for the quarter and nine months ended December 31, 2024 (“Financial Results”).
 

Adani Commodities LLP (“Seller”/ “Promoter”), one of the promoters of Adani Wilmar Limited (“Company”) have sold 17,56,01,314 equity shares of face value of Rs. 1 each, representing 13.51% of the total issued and paid-up equity share capital of the Company, on 10th January, 2025 and 13th January, 2025, by way of an offer for sale

Gensol Engineering Limited (“Gensol”) and Refex Green Mobility Limited (“Refex eVeelz”) are pleased to announce a strategic tie-up for the transfer of 2,997 electric four-wheelers (e4Ws). 

Gainers - Adani Ports, Zomato, SBIM Tech Mahindra and Tata Motors
Losers  - HCL Tech, TCS, HUL, ITC and Nestle India

The Indian stock market opened on a strong note on January 16.

In the pre open Sensex is up by 500 pts and nifty 23,300

Gift Nifty is trading at 23,417.0 up by 155.0 pts which signals a positive start 

Asia-Pacific markets climbed on Thursday, bolstered by a rally in U.S. markets following a surprising dip in core inflation figures for December and robust earnings from major banks.

South Korea’s Kospi and Kosdaq posted solid gains after the country’s central bank unexpectedly held benchmark rates steady. This decision defied market expectations, keeping rates unchanged at 3%.

In Japan, the Nikkei 225 and the Topix advanced moderately as investors digested December's annual producer price index, which rose in line with expectations.

Hong Kong’s Hang Seng index saw a strong start to the session, while mainland China’s CSI 300 also edged higher.

Australia’s S&P/ASX 200 followed the region's upward trend, closing with a notable gain, reflecting the overall positive momentum across the Asia-Pacific region.

Stocks surged on Wednesday trading as a moderate improvement in December’s core inflation data and robust earnings from major banks lifted investor sentiment. The Dow saw a significant boost, while the S&P 500 and Nasdaq posted solid gains. The Nasdaq outperformed, with tech and speculative stocks leading the rally. Meanwhile, the Russell 2000, representing small caps, also advanced notably.

The bond market responded as well, with the 10-year U.S. Treasury yield retreating sharply after hitting its highest level in over a year earlier this week. It hovered at a more subdued level by the end of the session.

Among individual performers, Tesla and Nvidia were standout gainers, climbing significantly, while Bitcoin briefly crossed a key psychological level, fueling excitement in the cryptocurrency space.

Looking ahead, Wall Street’s focus shifts to Thursday’s retail sales data and weekly jobless claims. December’s retail sales are anticipated to show a modest increase compared to the previous month. Additionally, earnings reports from Morgan Stanley and Bank of America will cap off the big bank reporting season.

Both Nifty and Sensex ended on Wednesday in the green with modest gains. The Sensex closed at 76,724.08, up by 224.45 points (0.29%), while Nifty settled at 23,213.20, rising by 37.15 points (0.16%).

Top gainers included NTPC, Trent, Power Grid, Kotak Bank, and Maruti, while the biggest losers were M&M, Axis Bank, Bajaj FinServ, Bajaj Finance, and Shriram Finance.