Stock Market LIVE: Sensex Down 500 Pts, Nifty Below 23,600; TCS Q3 Results Today

The stock market witnessed a dip today as the Sensex closed at 77,620.21, down 528.28 points (-0.68%), and the Nifty settled at 23,526.50, losing 162.45 points (-0.69%). On the Nifty index, the top gainers were Bajaj Auto, Nestle India, Hindustan Unilever (HUL), Mahindra & Mahindra (M&M), and Britannia. Meanwhile, ONGC, Shriram Finance, BPCL, Coal India, and Tata Steel emerged as the top losers. Similarly, the Sensex gainers included Nestle India, HUL, M&M, Kotak Mahindra Bank, and ITC, while Axis Bank, HDFC Bank, L&T, NTPC, and Reliance were the key laggards.

Bata India announced that the Board of Directors of the company will meet on n Monday, February 10, 2025, to, inter alia, consider and approve the Unaudited (Standalone and Consolidated) Financial Results of the Company

Tata Communications announced that their board of Directors will meet on Wednesday, January 22, 2025, to inter alia consider, approve and take on record the Unaudited Standalone and Consolidated Financial Results

Fredun Pharmaceuticals Limited, a  provider of Pharmaceuticals and innovative healthcare solutions for veterinary applications today announces the launch of India’s First Dedicated Pet Diagnostic Center.

Navin Fluorine International Ltd and SRF Ltd saw their stocks skyrocket on Thursday, with gains of nearly 14%.

The rally follows warnings from a leading U.S. distributor about severe supply constraints for refrigerant gases R32 and R125, essential for the HVAC industry. These disruptions have driven market excitement for Indian chemical manufacturers.
 

Pre Close 
The pre close indicate that Sensex will close at 77,589.71 down by 558.78 pts. and nifty will close at 23,520.35 down by 0.71%
 

IGL - domestic gas allocations to IGL (the Company) have been revised upwards by 31 % with effect from 16th January 2025 increasing the share of Domestic Gas in CNG Segment from 37% to 51%. 

Pricol Limited announce that their  Board of Directors meeting will be held on Thursday, 30th January 2025 to consider inter alia the unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024

Tarmat Limited  Board of Directors of the Company in their meeting held today i.e. Thursday January 09, 2025, inter-alia, considered and approved the allotment of equity shares on conversion of 250000 warrants into 250000 equity shares at an issue price of Rs. 95/- each (including a premium of Rs. 85/- each), to “Non-Promoters/Public Category”, on preferential basis, upon receipt of balance amount aggregating to Rs. 1,78,12,500/- (Rupees One Crore seventy cight lakhs twelve thousand five hundred Only) atthe rate of Rs. 71.25 (Rupees Seventy-One and Twenty-Five Paise only) per warrant (being 75% of the issue price per warrant) from the allottee pursuant to the exercise of their rights of conversion into equity shares 

Nifty Realty declines by more than 2% in today's trading session. Leading the loss are Sobha, Phoenix, DLF, Lodha, Godrej Prop and Prestige

Quick Swiggy Instamart, has expanded to 76 cities across the nation, and will soon also be available as a standalone app. 

Sensex cracks down to 500 pts. Leading loss are HDFC Bank, L&T, Tata Steel, NTPC, Bajaj Finance & SBI. Gainers are M&M, Nestle India, HUL, Titan & HCL Tech. 

RACL Geartech Limited received a GOLD rating in Manufacturing Category” as per the 9th CII-National 5S Excellence Rating organized by the Confederation of Indian Industry (CII).

Aditya Birla Real Estate announced that Board of Directors of the Company will be held on Tuesday, 21st January, 2025, inter alia to consider and approve the Unaudited Standalone and Consolidated Financial results for the quarter ended 31st December, 2024

Anand Rathi Wealth made a notable move in the Indian stock market today, with its shares soaring nearly 8% intraday. 
 

Heritage Food announced that the board of directors will meet on Wednesday 22 January 025, to Consider and approve the Un-Audited Financial Results (Standalone & Consolidated) for the
Quarter/Nine months ended 31st December, 2024.

Puravankara Expands Land Portfolio with Strategic Acquisition in Kanakapura Road, with a potential GDV of over Rs 700 crore

Blue Dart Express Limited will announce its Q3 result on January 29, 2025, at 02.45 p.m. inter-alia, to consider and approve the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended December 31, 2024.

On  Friday, the 24th of January 2025, Andhra Cement will announce their unaudited financial results of the company for the Third quarter and Nine month period ending 31st December, 2024.

Persistent Systems, a Digital Engineering and Enterprise Modernization, today announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. 

Borosil Renewables' shares surged 5% to ₹602.2 on the BSE during Thursday's trade, hitting the upper circuit limit. This boost followed the company's announcement of a 50% increase in its solar glass manufacturing capacity, which plays a crucial role in the production of photovoltaic solar panels.

Nifty FMCG gains more than 1% today, leading the streak are Colgate Palmolive, Marico, Godrej Consumer, Procter & Gamble Hygiene and Health Care, HUL, Britannia and Nestle India 

In an exchange filing on Wednesday, Page Industries informed stakeholders that its Board of Directors will meet on February 5, 2025, to review the Unaudited Financial Results for the quarter ending December 31, 2024.

Gainers - HUL, Britannia, ITC, Kotak Bank & Bajaj Auto
Losers - ONGC, L&T, Tata steel, Shriram Finance and Coal India  

Bharat Heavy Electricals Limited (BHEL) has successful commissioning of two units of the 6x170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II). Executed as part of a bilateral agreement between the Government of India and the Royal Government of Bhutan, PHEP-II is a greenfield hydro project located in the Wangdue district of Western Bhutan. 

Tata Consultancy Services, Tata Elxsi, Indian Renewable Energy Development Agency, GTPL Hathway, Yash Highvoltage, Padam Cotton Yarns, and Vivo Bio Tech are set to announce their quarterly earnings on January 9.

In the sectoral indices, Nifty PSU Bank is the top losing streak with 1.20% down, followed by Bank, Auto, Financial Services, IT, Metal, Pharma, PSU Bank & Realty. In the gaining streak, only FMCG and media is on the rise 

After opening around 23,600 the nifty has plunged below and currently trading at 23,545.85 by 143.10 pts (-0.6%). 

ONGC issued an International Competitive Bidding (ICB) tender to engage a Technical Services Provider (TSP) for Mumbai High Field with expertise in managing complex mature reservoirs and implementing advanced recovery technologies and best operational practices.

IT and Consulting Giant Persistent Systems has announced the record date for the dividend. Persistent Systems will be declaring its quarterly results for the Quarter ending December 31, 2024, on January 21, 2025.

Sanjay Kumar Agrawal, Chief Financial Officer will be relieved from his duties on 8 January 2025. Agarwal has cited ‘personal reasons’ as reasons for his resignation.

In a meeting held on January 8th, 2025 NMDC announced in principle approval of the incorporation of a wholly owned subsidiary of NMDC Limited at GIFT CITY, Gujarat, and the opening of NMDC Liaison Offices in Dubai, UAE and Brisbane/Melbourne, Australia. The developments ar subject to approval of Ministry of Steel, DIPAM.

Zee Media Corporation Limited has announced that its Board of Directors will convene on January 13, 2025, to discuss and potentially approve fundraising strategies to support the company’s future plans. The announcement was shared in an official communication to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
 

UltraTech Cement has received the order in appeal from the Commissioner of Appeals, CGST & Central Excise, Bhopal . Order in Appeal passed dropping tax demand of Rs. 0.96 crores along with interest. However, the penalty of Rs. 96,19,920/- was upheld.
 

Gainers - Tata Motors, M&M, Kotak Bank, Asian Paint & TCS
Losers - HUL, NTPC, L&T, HDFC Bank & Adani Ports 

Indian Stock market opened lower today, with Nifty below 23,700 and Sensex at 78,206.21

Benchmark indices traded higher in the pre-opening session. The Sensex rose 269.66 points or 0.35% to 78,418.15, while the Nifty gained 9.75 points or 0.04% to 23,698.70.

The Indian rupee opened at a new record low of 85.89 per dollar on Thursday, slightly down from its previous close of 85.85.

Tech Giant Infosys announced the Q3 FY 2025 results date and time. Infosys will be declaring its quarterly results for the Quarter ending December 31, 2024, on January 16, 2025.

The rupee depreciated 9 paise to hit its record low of 85.83 against the US dollar in early trade on Wednesday

A meeting of the Board of Directors of Kotak Mahindra Bank Limited will be held on Saturday, January 18, 2025. The meeting will be held to "Approve and take on record the Consolidated and Standalone Unaudited Financial Results of the Bank for the quarter and nine months ended December 31, 2024, along with the limited review report.” the filing said.
 

Tata Consultancy Services the country's largest IT sector lender will be announcing its quarterly results for the quarter ending December 2024,  today on January 9, 2025.

Aditya Birla Led - Novelis Inc announced that its indirect wholly owned subsidiary, Novelis Corporation, has priced an offering of $750 million aggregate principal amount of 6.875% senior notes due in January 2030 (the "Notes"), which represents an increase of $250 million from the offering size previously announced. 

GIFT Nifty on the NSE IX traded down by 32 points, or 0.13%, at 23,723, suggesting a negative start for Dalal Street on Thursday.

Asia-Pacific markets saw mixed performance on Thursday as inflation concerns fueled worries about delayed Federal Reserve policy easing, while China’s persistently weak consumer and producer price data weighed on sentiment. Major indexes in Japan and Australia posted declines, while South Korea’s Kospi managed a slight gain despite volatility. Meanwhile, Hong Kong’s market edged up modestly, contrasting with losses in mainland Chinese stocks.
 

The S&P 500 ended slightly higher on Wednesday, while the Dow Jones outperformed with modest gains, and the Nasdaq dipped marginally. Concerns grew after the Federal Reserve’s December meeting minutes suggested limited scope for rate cuts this year due to persistent inflation risks. Among stocks, Palantir, a top performer this year, continued its decline for the third consecutive session, while a leading chipmaker slid after receiving a downgrade from a major financial institution.