Stock Market LIVE: Sensex Up By 200 Pts, Nifty Around 23,000

Today, Nifty IT is showing significant gains, closely followed by FMCG and healthcare sectors. Pharma stocks are also performing well. On the downside, the realty sector leads with a decline of over 3%, followed by banking, auto, financial services, media, metals, PSU banks, and oil & gas sectors.

North star opportunities Fund VCC-Bull Value Incorporated VCC Sub- Fund was allotted 20,03,000 Equity Shares of ID Info Business Services Limited on 18.01.2025 pursuant to preferential issue.

Dhabriya Polywood informed on the exchange filing that their wholly owned subsidiary company i.e. Dynasty Modular Furnitures Pvt. Ltd. has received the work order/LOI from Adani Group for Supply & Installation of Modular Kitchen for a total value of % 1.55 Crore (including GST).

Jio financial Services and BlackRock have each subscribed to and have been allotted 5.85 crore equity shares of Rs. 10/- each of Jio BlackRock Asset Management Private Limited (a 50:50 Joint Venture between the Company and BlackRock), for cash at par, aggregating Rs. 117.00 crore.

"The Indian government has set an ambitious target of having EVs comprise 30% of new private vehicle registrations, totalling 8 crore EVs, by 2030. To support this growth, we need a significant expansion of the charging infrastructure, with an estimated 39 lakh public and semi-public charging stations. As the nation strives to meet these targets, the upcoming Union Budget 2025 is expected to play a crucial role in reshaping India's EV sector. We anticipate several key reforms from the budget, including incentivizing EV adoption through enhanced subsidies, reduced GST on EVs, and incentives for fleet electrification, as well as investments in advanced infrastructure development, such as widespread charging networks, to facilitate the seamless integration of EVs into daily life." Rahul Goenka, Director, ElectroRide.

"As we anticipate the forthcoming budget, we are hopeful for continued and expanded support for our elderly population. Government initiatives such as the Pradhan Mantri Vaya Vandana Yojana have been pivotal in providing financial security to senior citizens, with the scheme offering an assured return of 8% per annum. However, there is a pressing need for greater investment in healthcare, particularly geriatric care and mental health support, to meet the growing demands of our aging population. As highlighted by NITI Aayog’s recent position paper, the elderly population in India is set to grow significantly, with projections indicating that by 2050, seniors will comprise nearly 20% of the population. This shift necessitates a more comprehensive, integrated policy for senior care, especially for those living in rural areas where healthcare access remains limited. Additionally, with nearly 75% of elderly individuals suffering from chronic diseases and 20% facing mental health issues, the budget should focus on strengthening healthcare infrastructure and expanding tele-consultation services. We positively look forward to policies that not only address the financial and healthcare needs of seniors but also foster their social inclusion, recreation, and active participation in society, aligning with the global movement towards healthy aging said Mr. Saumyajit Roy, Co-Founder & CEO, Emoha”

 Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles, batteries, steel, and green energy sectors, as per the report by Reuters. 

Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, has achieved a significant milestone, becoming the second global IT services brand with a brand valuation of $21.3 billion. With a remarkable 826% growth in brand value over the last 15 years from $2.3 billion in 2010, TCS has cemented its position as a leader in the IT services industry. This achievement is underpinned by sustained investments in innovation, customer satisfaction, and strategic marketing initiatives.

Gainers - Wipro, Infosys, Sun Pharma, TCS and ITC
Losers - BEL, Tata Motors, Power Grid, Adani Ent and Coal India 

Gainers - Infosys, Sun Pharma, TCS, Tech Mahindra and ITC
Losers - Zomato, Tata Motors, SBI, Tata Steel and Adani Ports

Wholly owned Subsidiary Company Chartered Comcare IFSC Limited of Chartered Logistics Limited has received in principal approval from IFSCA (International Financial Services Centres Authority). Chartered Comcare IFSC Limited can commence the business

On January 22, Indian indices opened higher, with Nifty at 23,082.30 (+57.65, +0.25%) and Sensex at 76,020.72 (+182.36, +0.24%).

Hyundai Motor India has scheduled a Board of Directors meeting on Tuesday, January 28, 2025. 

Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday.

The pre open indicates that the Indian stock market will open marginally higher 

Tata Elxsi, a global leader in design and technology services, has joined forces with Minespider, a blockchain-powered traceability solutions provider, to launch MOBIUS+, an advanced battery lifecycle management platform. Designed to address the growing need for sustainability, compliance, and performance optimization in the battery industry, MOBIUS+ aims to revolutionize the way batteries are managed from production to recyclin

State-owned NTPC Limited, one of India’s largest power companies, has announced a board meeting scheduled for January 25, 2025. During the meeting, the board will review and approve the company’s unaudited financial results for the third quarter and the nine-month period ending December 31, 2024. The financial results will first undergo a detailed review by the Audit Committee of the Board before final approval.
 

On Tuesday, Nifty Consumer Durables fell the most with more than 3%, leading losses are Dixon, Amber, Voltas and Whirlpool 

On Tuesday, Shares of Dixon Technologies tumbled more than 14% on Tuesday, January 21, after the company announced its December 2024 quarter (Q3 FY25) earnings.

Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said that it has won the prestigious ~Rs 25,000 crore Bhadla (Rajasthan)- Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order. It is AESL’s largest order win till date, taking its under execution order book to Rs 54,761 crore and transmission network to 25,778 ckm and 84,186 MVA transformation capacity.

Trends on GIFT Nifty point to a positive opening for the broader Indian markets, with the index currently trading at 23,170.5, up 53.5 points or 0.23%.

Asia-Pacific markets delivered a mixed performance as investors reacted to President Donald Trump's remarks about a potential 10% tariff on China, which could be implemented by early February. Japan's major indices posted gains, with the Nikkei 225 and Topix rising, while South Korea's Kospi and Kosdaq also advanced. Australia's market edged higher, whereas Hong Kong’s Hang Seng and China’s CSI 300 opened in the red, reflecting investor caution in the region.

Following a robust trading session after Inauguration Day, S&P 500 futures and Nasdaq 100 futures saw gains, with Dow Jones Industrial Average futures maintaining stability. Investor focus intensified after President Donald Trump's press conference, where scrutiny followed his remarks on potential tariffs on China and announcements of a significant AI infrastructure investment initiative named "Stargate" involving OpenAI, Oracle, and Softbank. Post-market, Oracle shares surged over 4%, while Netflix soared more than 14% on surpassing 300 million paid memberships. United Airlines also saw a rise of over 3% on positive quarterly results and a promising outlook.

On Tuesday, the Indian stock markets witnessed a downturn as both the Sensex and Nifty ended in the red. The Sensex closed at 75,985.86, down by 1087.58 points or 1.41%. Among the top gainers were HCL Tech, UltraTech Cement, and ITC, while major losers included SBI, M&M, Zomato, Kotak Bank, and Reliance Industries. Similarly, the Nifty finished at 23,052.75, marking a decline of 292.00 points or 1.25%. Gainers on the Nifty included Apollo Hospitals, Tata Consumers, Shriram Finance, BPCL, and JSW Steel, whereas losers encompassed Trent, NTPC, Adani Ports, ICICI Bank, and Adani Enterprises. Overall, the market sentiment turned bearish with all sectors closing lower amidst broader economic concerns.