Sensex and Nifty End Marginally Higher Amid Mixed Stock Performance

Both Indian indices closed on a positive note today, with the Sensex gaining 169.62 points (+0.22%) to settle at 76,499.63 after opening at 76,335.75. Similarly, the Nifty edged up 121.65 points (+0.53%), closing at 23,207.60 against its opening at 23,165.90. Leading the gains on the Sensex were Adani Ports, NTPC, Tata Steel, Zomato, Bajaj Finserv, and SBI, while Reliance, Nestle India, HUL, HCL Tech, and Titan emerged as the top losers. On the Nifty, Adani Enterprises, Adani Ports, Shriram Finance, NTPC, and Hindalco topped the charts, while HCL Tech, HUL, Apollo Hospitals, Titan, and IndusInd Bank lagged behind.
 

Carraro India has announced that the the Board of Directors of the Company is scheduled on Thursday, 06th February, 2025 to, inter alia, consider and approve the unaudited financial results (both standalone and consolidated), for the quarter and nine months ended 31st December, 2024.

Both Sensex, nifty might to close flat.

Axis Securities has reaffirmed a 'Buy' rating for HCL Technologies with a target price of ₹2,175, reflecting a 10% upside from the current market price (CMP) of ₹1,975. Backed by stable margins, strong deal wins, and medium-term growth prospects, HCL Tech remains poised for sustained growth despite near-term challenges.

Awfis Space Solutions Limited, India’s first and only listed flexible workspace solutions provider, proudly announces the launch of its first centre in Lucknow, spanning an impressive 47,694 sq. ft. Strategically located in Gomti Nagar, a vibrant business district and the city’s thriving IT corridor, the area has emerged as a hub for technology and commercial activity. With rapid development in IT parks, business complexes, and residential projects, Gomti Nagar stands out as a prime destination for real estate investment. As a vital contributor to Uttar Pradesh's ambitious $1-trillion economy goal, Lucknow accounts for 3.85% of the state's GDP.

Shares of Adani Power zoomed 19.29 per cent, Adani Green Energy soared 14.54 per cent, Adani Energy Solutions surged 14.38 per cent, Adani Total Gas jumped 13 per cent and NDTV rallied 12.50 per cent on the BSE.

The stock of Adani Enterprises soared 8.91 per cent, Adani Ports climbed 6 per cent, Ambuja Cements went up by 4.79 per cent, ACC (4.50 per cent), Sanghi Industries (4.22 per cent) and Adani Wilmar (3 per cent).

All Adani group stocks had ended lower on Monday's trade in line with the weak trend in equities.

"The constant refrain from many saner voices  that the broader market is overpriced and may correct sharply is now playing out. Reversion to mean valuations are happening in large caps, too. Strengthening dollar, 10-year US bond yields rising to above 4.7%, uncertainty regarding Trump’s actions after January 20th, slowdown in India’s economy and poor corporate earnings, sharp surge in crude .....all have combined to cause this market correction.

Now it appears that the market is a bit oversold and this favours a bounce back in the near-term. But that trend, if it plays out, is unlikely to sustain. There is more pain likely in mid and small caps. There is a message from the net institutional activity in the market yesterday. DII buying was Rs 3174 crores higher than FII selling. This means that smart money like HNIs are also selling in the market. The FII strategy of continuously adding to short positions this month has been successful.

The sensible option for retail investors is to buy beaten down quality largecaps and wait patiently," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Greaves Electric Mobility Limited (GEML), the e- mobility division of Greaves Cotton Limited, has introduced Ampere Magnus Neo, an enhanced variant of its Magnus electric scooter that promises “The Power of More”. Building on the legacy of its Magnus series, the Magnus Neo is designed to make eco-friendly commuting more accessible, stylish, and affordable for everyone.

Vodafone Idea (Vi), one of India’s leading telecom companies, has partnered with HCLSoftware, the software business unit of HCLTech, to make its 4G and 5G networks smarter and more efficient. Vi is now using HCL Augmented Network Automation (HCL ANA), a multivendor self-optimizing network (MV-SON) platform, to manage its Ericsson and Samsung networks. This advanced technology will help Vi improve network performance, save energy, and offer better services to its customers.

India's WPI Inflation Rises to 2.37% in December 2024

Gainers - Adani Ent, Adani ports, NTPC, Hindalco, Bajaj Finance 
Losers - HCL Tech, HUL, Apollo Hosp, Titan & TCS

Delta Industrial Resources informed the exchange filing that the the Board of Directors of the Company is scheduled to be held on Friday, January 17,2025 
 

United Drilling Tools Ltd is thrilled to announce the successful securing of its first order from Taiwan worth $ 4,82,444 (Four Lacs Eighty Two Thousand Four Hundred Forty-Four USD) by Magitech International Limited.

Omega Telecom Holdings Private Limited (“Omega”) held 279,017,784 equity shares (representing 0.40% of the equity share capital) of Vodafone Idea Limited (the “Company”). Omega has acquired 1,084,594,607 equity shares of the Company through allotment of equity shares pursuant to a preferential issue by the Company.

India’s markets regulator SEBI has given the green light to JSW Cement’s initial public offering (IPO), according to a notification on the regulator’s website. The approval comes four months after the IPO was put on hold for undisclosed reasons, as per a Reuters report.

JLR and Tata Communications are set to enhance JLR’s connected vehicle ecosystem, transforming the driving experience for customers worldwide through the Tata Communications MOVE™ platform. The collaboration will empower JLR’s next-generation software-defined vehicles with continuous connectivity and access to intelligent services even in the remotest locations across 120 countries.

In the sectoral outlook on the nifty, the Nifty PSU bank is leading with almost 4%, followed by metal, media, pharma, realty. In the losing streak, IT is falling, followed by FMCG.

Greaves Cotton Q3 informed that the the meeting of the Board of Directors of the Company will be held on Thursday, 23rd January, 2025, inter alia, to consider and approve the unaudited financial results (standalone and consolidated) of the Company for the quarter and nine months ended 31st December, 2024.

SEBI (Securities and Exchange Board of India) has introduced new guidelines for nominations in the securities market to make investing safer and reduce complications. These rules apply to mutual funds, demat accounts, and related services, aiming to simplify asset transfer processes while minimising disputes and unclaimed funds. The updated norms will come into effect on March 1, 2025.
 

Tata Power informed that the e Board of Directors of the Company will be held on Tuesday, February 4, 2025 to consider inter alia - the Audited Financial Results (Standalone) and Unaudited Consolidated Financial Results of the Company

Gainers - IndusInd Bank, NTPC, Zomato, Tata Motors, Adani Ports and SBI
Losers - L&T, Nestle India, Tech Mahindra, HCL Tech and HUL

The Board of Directors of Maruti Suzuki India Limited will meet on Wednesday, January 29th, 2025.

BPCL has notified stock exchanges of its upcoming board meeting. Scheduled for Wednesday, January 22, 2025, the meeting will focus on approving the unaudited financial results for the quarter ending December 31, 2024.
 

Noida-based IT giant HCL Technologies reported a their number for the October-December 2024 quarter. The company’s net profit rose 5.5% YoY to Rs 4,591 crore, while revenue increased 5.1% YoY to Rs 29,890 crore. On a quarterly basis, revenue jumped 3.6%.
 

In a significant announcement, HCL Technologies declared an interim dividend of Rs 18 per equity share, which includes a special Rs 6 per share dividend to commemorate 25 years of its public listing.

HCLTech and Microsoft expand strategic partnership to help transform contact centers with generative AI and cloud-based solutions

The Indian stock market opened marginally higher 

The GIFT Nifty indices indicated a positive opening for Dalal Street on Tuesday, currently trading at 23,260.0 USD, up 130.5 points or 0.56%. This suggests a flat-to-gap-up start for the Indian markets as investors gear up for the trading session.

Asia-Pacific markets traded mixed on Tuesday following a varied session on Wall Street, where the Dow soared while the Nasdaq slipped as investors rotated out of tech stocks. Australia’s S&P/ASX 200 gained after three consecutive sessions of losses, while Japan’s Nikkei 225 and Topix fell. South Korea’s Kospi remained flat, but the Kosdaq saw slight gains. Japan’s 40-year government bond yield reached its highest level since 2007 at 2.755%. In Hong Kong, the Hang Seng index edged higher, and mainland China’s CSI 300 also posted modest gains.

Meanwhile, investors are keeping a close watch on India’s rupee after it hit a record low against the U.S. dollar. December inflation data from India showed a year-on-year decline for the second consecutive month, coming in at 5.22%—slightly below expectations, fueling speculation about potential interest rate cuts. Thailand is set to release its consumer confidence index for December.

The December Producer Price Index (PPI), a key measure of wholesale inflation, is set for release on Tuesday, followed by the Consumer Price Index (CPI) report on Wednesday. Both inflation metrics will serve as critical indicators for the Federal Reserve’s next move on interest rate policy, especially in the wake of last week’s robust jobs report. Meanwhile, Wall Street has been showing mixed performance, with the Dow surging as investors rotated out of tech stocks, causing the Nasdaq to slip. Adding to the week’s momentum, banking giants JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo will kick off the fourth-quarter earnings season on Wednesday, with Morgan Stanley and Bank of America slated to report on Thursday. These developments will collectively set the tone for markets as investors assess economic resilience and the Fed’s potential actions.

The Indian equity markets witnessed a sharp sell-off on monday, 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