Stock Market LIVE: Sensex Down 400 Pts, Nifty Below 23,600

The Indian stock market closed flat on a highly volatile trading day. The Sensex ended at 78,144.82, down 54.29 points (-0.07%), while the Nifty settled at 23,675.50, slipping 32.40 points (-0.14%). The session saw dramatic fluctuations, with the Sensex plunging over 700 points at one point and the Nifty falling below 23,600 before recovering to close near its opening levels. ONGC, ITC, Asian Paints, Reliance, and TCS emerged as the top gainers, while Apollo Hospitals, Trent, Adani Ports, Bajaj Auto, and BEL were among the major losers. On the Sensex, ITC, Asian Paints, TCS, Reliance, and HCL Tech led the gains, while Adani Ports, Zomato, L&T, and Sun Pharma dragged the index lower. 

Kothari Industrial Corporation has approved to Sell/Transfer of the shares held by the company in M/s. Kothari Marine International Limited (Subsidiary) and the same has been approved by the shareholders of the company in the Annual general meeting held on 30.09.2023. 

As per the pre-close on the Indian market, Sensex and Nifty indicate to close flat 

The Indian market finally made some flat moves and came out of the blood of the sea. Top gainers on Nifty - ONGC, Reliance, ITC, Asian Paint and TCS.
Top losers - Apollo Hosp, Trent, Bajaj Auto, Shriram Finance and Adani ports

Sensex Top Gainers - Reliance, ITC, TCS, Maruti and Nestle India
Losers - Tata Motors, L&T, HFDC Bank, Adani Ports & Tech Mahindra  

Raunaq international Limited has received for r for “2x800 MW (Phase-ll) Raigarh Ultra Supercritical Thermal Power Project, Near Village: Bade Bandar, District: Raigarh, Chhattisgarh” amounting Rs. 16.80 Crores,

5paisa Capital has announced that the company will meet on  Friday, January 17, 2025, inter alia to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter and nine month ended December 31, 2024.

On Tuesday, Indigo said the customs department got a penalty of Rs 2.17 Cr. The Penalty is by the Principal Commissioner of Customs, Air Cargo Complex (Import)
 

Angel One informed that the Board of Directors of the Company in its meeting scheduled to be held on Monday, January 13, 2025 will inter-alia consider and approve the unaudited standalone and consolidated financial results (with Limited Review) for the quarter and nine months ended December 31, 2024, it is hereby informed that the Board of Directors at the aforesaid meeting, are also likely to consider declaration of 1st Interim Dividend for the Financial year 2024-25.

Gainers - Reliance, TCS, ITC, Maruti, Asian Paint, HUL & PowerGrid
Losers - Zomato, Adani Ports, NTPC, Titan, SBI, ICICI Bank & Tech Mahindra 

The Indian Stock market is a bloodbath today, with most of the sectors in red and declining by more than 1%. The one and only sector which making investors a little optimistic is Oil and Gas gaining by 1.27%, leading by players are ONGC, Reliance, OIL, GAIL, BPCL and MGL 

Nifty Consumer Durables falls more than 3%, leading the loss are Dixon, Amber, Voltas, WhirlPool, Titan and Cera 

Bajaj Housing Finance has announced the Debenture Allotment Committee of the Company has at its meeting held today i.e., 8 January 2025, allotted 2,87,500 NCDs, at face value of Rs  1,00,000 each, aggregating to Rs 2,898.83 crore on private placement basis.

Bartronics India Limited and PTW Group, a Singapore based semiconductor solutions provider have signed a Memorandum of Understanding (MoU) to bolster India’s semiconductor industry. The MoU was signed in Hyderabad following a meeting with the Minister of Information & Technology, Telangana, marking a significant milestone in India’s ambitious journey of becoming a global semiconductor hub. 

Gainers - ONGC, Reliance, Dr Reddy, BPCL and Maruti
Losers - Shriram Finance, Trent, Adani Ports, Titan & SBI 

Havells India Limited Board of Directors will meet on 16th January, 2025, Thursday, inter alia, to consider and approve the Standalone and Consolidated Un-Audited Financial Results of the
Company for the third quarter and nine months ended 31st December, 2024; to consider payment of Interim Dividend to the shareholders of the Company 
 

India's economy is projected to grow at a slower pace in the financial year 2024-25, with the first advance estimates indicating a real GDP growth rate of 6.4%. This marks a decline from the 8.2% growth seen in the provisional estimates for FY 2023-24. 

The nominal GDP for 2024-25 is expected to reach Rs 324.11 lakh crore, reflecting a growth of 9.7%, up from Rs 295.36 lakh crore in the previous year.

Ahmedabad-headquartered Wagh Bakri Tea Group will set up a new plant in Gujarat with an investment of over Rs 100 crore to increase its raw material storage capacity and instant tea output, CEO Sanjay Singal said on Tuesday.

Bidding for the Standard Glass Lining IPO, which opened on January 6, closes today (Wednesday, January 8). As per the market tracking website, the shares are witnessing strong demand in the grey market, where they are commanding a premium (GMP) of Rs 96 above the upper price band of Rs 140. The price band for the Rs 410-crore IPO has been set at Rs 133-140.

Route Mobile Limited, a cloud communication platform service provider, has partnered with PT MRT Jakarta, Jakarta's premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey.  

Mahindra today unveiled its new manufacturing and battery assembly facility at its Chakan plant, a fully integrated ecosystem Dedicated to producing Electric Origin SUVs. 

Mukka Proteins Limited as entered into a loan agreement with M/s. Ocean Aquatic Proteins LLC, a subsidiary company. The size of the agreement up to Rs. 10,00,00,000/- (Rupees Ten Crore
Only)

Larsen & Toubro has won multiple orders in Q3 of FY25 in the overseas and domestic markets. In the overseas market, it secured an order for LNG equipment for a project in the USA.

Not a good day for the Indian stock market, as most of the sectoral indices are seeing loss. Nifty Realty is also falling by 1.37% leading the loss are Godrej Prop, Sobha, Raymond, MahLife, DLF and Prestige 

Nifty IT falls by 1.34%, leading the loss are Persistent, Coforge Tech Mahindra, Wipro and HCL Technologies.

Broader market indices are facing pressure as the Nifty Midcap 100 and Nifty Smallcap 100 dip by more than 1.25%, while the Nifty Microcap 250 declines by 0.85%.

Stock to watch today is NTPC as the company on Wednesday announced the creation of a  new wholly owned subsidiary, NTPC Paramanu Urja Nigam Ltd, to overlook its nuclear business 

Pradhin Ltd. is expanding its business operations into the domain of Agricultural Waste Management and Processing. 

KPI Green Energy Limited informed on that the ICRA has reaffirmed the long-term rating to [ICRA]A positive outlook and the short-term rating to [ICRA]A2+ of the Company. The credit rating of the Company for the total Credit facilities of Rs. 2000 Crores

GMR Infra Enterprises Private Limited on December 5, 2024 announced about the proposed inter-se transfer of up to 125 crore equity shares of GMR Airports Limited (formerly known as GMR Airports Infrastructure Limited) between GMR Enterprises Private Limited and GMR Infra Enterprises Private Limited.

The Nifty fell for the sixth day in seven, as early session gains failed to stick. Monday's bullish harami formation wasn't activated on Tuesday as prices failed to take out the prior day's high. The first two trading days of the week have generated successive candles with long shadows showing indecision continues to prevail. Technically speaking, the 23880 - 24070 area offers resistance while support lies between 23500 and 23640. Options trends at Tuesday's close showed that implied volatility for nearby OTM calls set to expire on Jan 2nd dropped less than it fell for similar distance OTM puts, which means some traders are looking for a larger bounce toward 24000 as the window that covers the "Santa Claus effect" gets underway,"  Akshay Chinchalkar, Head of Research at Axis Securities.

In today's sectoral performance, most sectors are struggling, with several floating in the red. However, the Oil and Gas sector stands out with a 1% gain. On the downside, the Consumer Durables sector is taking the brunt of the losses, down by over 2%. Other sectors following closely behind in the losing streak include Banks, Auto, Financial Services, FMCG, IT, Media, Metals, Pharma, Realty, and PSU Banks.

Gainers - Reliance, TCS, Maruti, M&M, Sun Pharma & Axis Bank.
Losers - SBI, Zomato, Adani Ports, HDFC Bank & Tata Steel 

Indian Stock market opened flat. Sensex at 78,319.45 and nifty at 23,746.65

GMR Smart Electricity Distributions Private Limited (GSEDPL) subsidiary of GMR Power and Urban Infra Limited (GPUIL) to install, integrate and maintain 75.69 lakh smart meters for the following Zones of UP: Purvanchal Vidyut Vitran Nigam Limited (PuVNL) for two zones (Varanasi, Azamgarh zone & Prayagraj, Mirzapur zone) and Dakshinanchal Vidyut Vitran Nigam Limited (Agra and Aligarh zone).

KEC International Ltd., an infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,136 crores across its various businesses

 VA TECH WABAG (‘WABAG’) announces its corporate office, WABAG House, as it receives multiple prestigious certifications from the Indian Green Building Council (IGBC). These recognitions include IGBC Platinum Re-Certification, Net-Zero Water, and Near Net-Zero Energy certifications, solidifying WABAG’s leadership in sustainable corporate operations and resource optimization.

The pre-open market on January 8, 2025, shows a flat start, with the Sensex at 78,517.32, up by 318.21 points or 0.41%. The Nifty is also showing a slight increase, standing at 23,707.90, reflecting a 0.38% change. 

Shares of Indo Farm Equipment Ltd on Tuesday listed with a premium of over 20 per cent against the issue price of Rs 215.

The stock started the trade at Rs 258.40, reflecting a premium of 20.18 per cent on the BSE. It further jumped 33.44 per cent to Rs 286.90.

At the NSE , it listed at Rs 256, up 19 per cent.

The company's market valuation stood at Rs 1,355.30 crore.

Capital Infra Trust, an infrastructure investment trust (InvIT), said it mobilised Rs 703 crore from anchor investors a day before its initial public offering for public subscription on Monday.

Ahead of the quarterly results season, brokerage house Motilal Oswal has given a 'buy' rating to Titan Stock.

In its report dated January 6, 2025, the brokerage house cited the recent quarterly update by the company and listed jewelry sales as well as demand for watches and wearable division as some of the positives for the TATA Group Company.
According to Motilal Oswal, the share price target for Titan is Rs 3,850 apiece. Against January 6 CMP of Rs 3,470, this is a potential upside of about 11 per cent.

In a report, Axis said, “We initiate coverage on the company with a BUY rating on the stock and arrive at our Mar’26 target price of Rs 800/share. We value the generation business at 15x FY27 EV/EBITDA and the energy storage business at 1x P/BV of the target equity investment. We further adjust the TP for JSWE’s 2.9 per cent stake in JSW Steel Ltd. The TP implies an upside potential of 26 per cent from the CMP.”

Axis wants to recommend buying the stock at Rs 800, and it is predicted that the stocks will grow by 26 per cent.

UltraTech Cement announced that the Board of Directors of the Company will meet on  Tuesday, 23rd January, 2025, to discuss the  financial results of the Company for the quarter and nine months period ended 31st December 2024.
 

Asian Paint announced that the Board of Directors of the Company will meet on  Tuesday, 4th February 2025, to discuss the  financial results of the Company for the quarter and nine months period ended 31st December 2024.
 

In 3QFY2025, Tata Steel India crude steel production stood at 5.68 million tons. Production was up 8% QoQ and 6% YoY, aided by the commissioning of the 5 MTPA blast furnace at Kalinganagar in September. The new blast furnace is presently operating at ~8,000 tpd and the ramp up to rated capacity is underway. For 9MFY25, production rose 5% YoY to 16.2 million tons. ▪ Tata Steel India deliveries were the ‘best ever 3Q’ sales at 5.29 million tons. Deliveries were up 4% QoQ and 8% YoY, aided by steady sales in domestic market and strategic presence in exports. For 9MFY25, deliveries were at around 15.3 million tons, with 4% YoY growth in domestic deliveries.

GIFT Nifty on the NSE IX traded down by 17.50 points (0.08%) at 23,740.50, indicating a subdued start for Dalal Street on Wednesday.

Asia-Pacific markets climbed on Tuesday. Japan’s Nikkei 225 led regional gains with a nearly 2% rise, boosted by strong performance in tech stocks. The Topix also advanced over 1%.

In South Korea, the Kospi edged higher, while Samsung Electronics slipped after earlier gains. The Kosdaq posted marginal gains. Australia’s ASX 200 marked its fourth consecutive day of growth.

In contrast, Hong Kong’s Hang Seng index dropped sharply, weighed down by an 8% plunge in Tencent shares after the US Defense Department labeled it a "Chinese military company." Mainland China's CSI 300, however, closed higher.

Shares of Nippon Steel fell in Japan amid legal action over a blocked US acquisition, while Taiwanese chip stocks continued their upward momentum.

Stocks ended Tuesday's session under pressure as all three major indices closed in the red following the release of December's ISM services index, which showed rising activity and prices.

The Nasdaq Composite led the losses, dropping sharply, followed by the S&P 500 and Dow Jones Industrial Average, which also declined. In the tech sector, Nvidia, Tesla, and Meta Platforms saw notable losses.

The ISM data also triggered a spike in Treasury yields, with the 10-year note reaching its highest level since April. Concerns over inflation and potential delays in Federal Reserve rate cuts weighed on sentiment.

On Tuesday, the BSE Sensex climbed 234 points (0.30%) to close at 78,199, while the NSE Nifty 50 advanced 91.85 points (0.39%) to settle at 23,707.

Top gainers included Tata Motors (+2.25%), Reliance Industries (+1.86%), and IndusInd Bank (+1.44%). On the losing side, Zomato (-4.56%), HCL Tech (-1.73%), and TCS (-1.53%) were the key laggards.

The market's volatility index, India VIX, dropped sharply by 6.32% to 14.66, reflecting reduced market uncertainty.