Stock Market LIVE: Sensex rises 600 pts, Nifty above 22,950

Nifty falls below 23K, as the Sensex pares gains, up more than 600 points. On the Nifty, Sun Pharma, Britannia Industries, Hindalco, Grasim Industries, and Bharat Electronics were among the top losers, while Axis Bank, HDFC Bank, Bajaj Finserv, and Shriram Finance were among the top winners.
 

Nifty slips below 23,000 while the Sensex falls 500 pts from its high, up over 600 points. 
 

Declaration of 3rd (Third) interim dividend for the Financial Year 2024-25 at the rate of ₹ 1.90 per share (19.00 % of paid-up share capital) of the Company. Further, the record date set for the purpose of payment of 3rd (third) interim dividend for Financial Year 2024-25 is Saturday, February 01, 2025

The Board of Directors of the Company at its meeting held today at 10:00 am that concluded at 1:35 pm declared an Interim Dividend of Rs.2.50 per equity share of Re. 1 each on the paid-up Equity Share capital of the Company for the Financial Year 2024-25. Further, in terms of Regulation 42 of the Listing Regulations, the Board has fixed Monday, February 3, 2025 as ‘Record Date’ for the purpose of ascertaining eligibility of the shareholders for payment of Interim Dividend.

One India Business grew at a healthy 10% YoY. Branded Prescription business continued to outpace the market growth in key therapies, Trade Generics is back on growth trajectory and Anchor brands of CHL continued to grow bigger.  North America: Delivered quarterly revenue of $ 226 Mn supported by traction in differentiated assets, that helped to overcome Lanreotide supply shortfall.  One Africa: Growth momentum continued with overall revenue growth at 9% in USD terms. Prescription business ranked #1 in the market*  Emerging Markets and Europe: Posted a substantial revenue growth of 20% in USD terms.  R&D investments: Stood at INR 360 Cr or 5.1% of sales, driven by product filings and development efforts.  Strong net cash: Net cash position of INR 8,947 Cr; Debt primarily includes lease liabilities and working capital requirements.

Sunita Tools Limited Signs International Cooperation Agreement / MOU with PIM** ltd of Israel for Defence and Defence Related Buisnesess.

The Board of Directors of the Company is scheduled to be held on Thursday, February 06, 2025 inter-alia, to consider, approve and take on record the Standalone and Consolidated Un-Audited Financial Results of the Company for the quarter and nine months ended on December 31, 2024.

Nifty Realty is leading the rally today up by almost 3%. Leading the gains are Godrej Prop, DLF, Sobha, Lodha and Prestige 

Gainers - Axis Bank, Bajaj Finance, Tata Motors, Tata Steel and HDFC Bank
Losers - ITC, SUN Pharma, ITC, Tech Mahindra and L&T

Nifty Pharma Declined by more than 2%, leading the loss are Sun Pharma, Ajanta Pharma, Laurus Labs, Abbott India, JB Chemicals & Pharmaceuticals, Biocon and Lupin. 

Kilburn Engineering Ltd, provider of industrial drying and heating solutions, is pleased to announce the successful acquisition of Monga Strayfield Pvt. Ltd., a global pioneer in radio frequency (RF) drying and heating technologies. The acquisition, valued at ₹123 crore, will further strengthen Kilburn’s market position and enhance its offerings across key industrial sectors.

DEE Development Engineers Limited entered into a Share Purchase Agreement with M/s. Molsieve Designs Limited (, whereby the Company acquires 70% equity shares of Molsieve and Mr. Krishan Lalit Bansal (Promoter) acquires 15% equity shares of Molsieve.

SpiceJet is set to re-induct its first ungrounded Boeing 737 MAX aircraft into operations starting 29th January, 2025. Grounded for several months, the aircraft’s return marks a significant milestone in the airline’s fleet restoration and operational enhancement efforts.

Shares of Indraprastha Gas Limited (IGL) fell nearly 3% in early trading on January 28, after the company reported a 31% year-on-year drop in consolidated net profit, which stood at Rs 325.42 crore for the quarter ending December 31, 2024.

After seeing a steep fall on Monday,finally the indian stock market has rebouded with gains Sensex Up By 700 Pts, Nifty Above 23,000.

Coforge will utilise the iTurmeric low-code integration suite—featuring over 300 microservices and more than 500 events—to deliver business solutions and new platforms at a rapid pace. Together, the alliance aims to empower financial institutions across APAC, North America, Europe, and the UK to build agile, efficient, and customer-centric operational models that address the evolving demands of the financial ecosystem.

Tiger Logistics (India) Ltd, a BSE-listed pioneer ininternational logistics, announces the extension of its partnership with Jindal Stainless, aleading exporter of steel in India. This development underscores Tiger Logistics' proficiency in managing the intricate logistics associated with steel, a vital material for thenation’s industrial advancemen

Coal India Limited at their meeting held on 27th Jan’2025 has inter-alia declared the payment of 2nd Interim Dividend @ Rs.5.60/- per equity share having face value of Rs.10/- each for the FY 2024-25. The dividend, as declared by the Board, will be paid to shareholders holding equity shares of the Company, either in electronic or in physical form as on Friday, 31st Jan’2025, i.e, Record Date.

Company has been awarded a supply of Goods and Services contract by PowerGrid Corporation of India Limited (“POWERGRID”) for and on behalf of their project specific SPV i.e. Rajasthan IV 4A Power Transmission Limited, (“hereinafter referred to as the “SPV”/“Project SPV Company”), as mentioned in their respective NOA

Gensol Electric Vehicles Pvt. Ltd. a subsidiary of Gensol Engineering Limited made an electrifying impact at the Bharat Mobility Global Expo 2025 with the grand unveiling of its micro urban mobility compact electric vehicle, ‘EZIO’ and a last-mile delivery and cargo electric vehicle ‘EZIBOT’. The company announced 30,000 pre-orders received for EZIO and EZIBOT from existing fleet operators, highlighting the strong market demand and trust in its innovative mobility solutions

ICICI Bank has allotted 93,616 equity shares of face value of Rs.2 each on January 28, 2025 under the ICICI Bank Employees Stock Option Scheme-2000.

The United States Food and Drug Administration (US FDA) inspected Unit-2, an API manufacturing facility, of Apitoria Pharma Private Limited, a wholly owned subsidiary of the Company, situated at Gaddapotharam Village IDA, Jinnaram Mandal, Sanga Reddy District, Telangana from September 23 to 27, 2024. The Unit has now received an Establishment Inspection Report (EIR) classifying the facility as Voluntary Action Indicated (VAI).

Larsen & Toubro (L&T) has received a significant* order to build Uzbekistan's first AI-enabled and sustainable 10-Megawatt data centre in Tashkent.

The Company has entered into Share Purchase Agreements (SPA) and Deed of Admission–CumRetirement for the acquisition of equity shares and interest in the following entities: 
a. Rejoice Reality Private Limited: 100% of the issued and paid-up equity share capital from Mr. Vivek Talwar & Mrs. Anjali Talwar, pursuant to a Share Purchase Agreement 
b. Norita Investments Pvt. Ltd.: 100% of the issued and paid-up equity share capital from Mr. Vivek Talwar & Mrs. Anjali Talwar, pursuant to a Share Purchase Agreement  
c. Anand Shree Bombay (Holding) Private Limited: 25% of the issued and paid-up equity share capital from Mr. Vivek Talwar, pursuant to a Share Purchase Agreement 
 d. Reliant Properties & Realty LLP: 80% of the interest from Mr. Vivek Talwar & Watco Trading Private Limited, pursuant to a Deed of Admission –Cum- Retirement.

ACME Solar Holdings Limited, a leader in renewable energy, is delighted to announce the signing of a Power Purchase Agreement (PPA) with NHPC Limited for a Firm & Dispatchable Renewable Energy (FDRE) project of 680 MW capacity

Gainers - Infosys, Axis Bank, Shriram Finance and Bajaj Finance 
Losers - Cipla, Sun Pharma, NPTC, Hindalco and Dr Reddy

Gainers - Infosys, Axis Bank, Zomato, Bajaj FinServ and HCL Tech
Losers - Titan, Sun Pharma, NPTC, M&M and L&T

The Indian stock market opened slightly higher. Sensex up by 300 pts and nifty above 22,900 

 Adani Power is set to raise funds, the Board of Directors is going to meet on January 29, 2025, to discuss and potentially approve these fundraising plans.

The company has proposed raising Rs 11,000 crores through non-convertible debentures (NCDs). This represents a significant increase from the previously approved RS 5,000 crores, indicating the company’s intent to expand its financial capacity. The funds will be raised through public issuance, private placement, or a combination of both, with issuance planned in multiple tranches.

Coal India Ltd (CIL) has reported a 17.4% decline in its consolidated net profit for the October-December 2024 quarter, which stood at Rs 8,491.22 crore, down from Rs 10,291.71 crore during the same period last year. The drop in profits is primarily attributed to a reduction in sales.

For the third quarter of FY25, the company’s sales amounted to Rs 32,358.98 crore, slightly lower than Rs 33,011.11 crore in the corresponding quarter of the previous year.

Adani Wilmar on Monday posted over twofold jump in consolidated net profit at Rs 410.93 crore for December quarter 2024-25 on strong edible oil sales.

The company had logged a net profit of Rs 200.89 crore in the year-ago period.

Total income rose to Rs 16,926 crore during the quarter from Rs 12,887.21 crore in the corresponding period of the previous year, according to a regulatory filing.

Revenue from edible oil segment increased to Rs 13,386.71 crore from Rs 9,710.82 crore in the year-ago period.

Tata Steel on Monday reported a 43.4 per cent decline in consolidated net profit to Rs 295.49 crore for the quarter ended on December 31, 2024, due to lower income.

The company had posted a consolidated net profit of Rs 522.14 crore in the year-ago period.

the Company has fixed Wednesday 12th February, 2025 as the ‘Record Date’ for the purpose of determining the eligibility of shareholders for the purpose of sub- division/split of face value of Equity Shares of the Company from Rs. 10/- each fully paid up to Re. 1/- each fully paid up.

ITC Hotels Limited (ITCHL) has received approval from the National Stock Exchange of India Limited (NSE) and BSE Limited for the listing and trading of its equity shares, effective January 29, 2025. This announcement comes via an exchange filing, marking the final steps in the company’s demerger from its parent, ITC Limited.

GIFT Nifty (formerly SGX Nifty) indicated a positive opening for Dalal Street, trading higher by 110.50 points, or 0.48%, at 22,921 on the NSE IX.

Asia-Pacific markets showed a mixed performance on Monday as investors digested China’s manufacturing and industrial profit data.

Japan’s Nikkei 225 saw a decline, while the Topix managed to post a small gain. Chip-related stocks in Japan took a hit, particularly companies like Advantest, Tokyo Electron, and Renesas Electronics, as concerns grew over China’s DeepSeek AI model potentially challenging U.S. AI leadership. Softbank Group also experienced a sharp drop due to its stake in chip designer Arm.

In Hong Kong, the Hang Seng index ended higher, while China’s CSI 300 index closed in the red. Data from China showed a surprising contraction in factory activity for January, falling below expectations. Despite an 11% year-on-year rise in industrial profits for December, the trend for the year showed a third consecutive annual decline.

Markets in Australia, Taiwan, and South Korea were closed for holidays.

Select tech stocks made an attempt to recover in after-hours trading following a steep sell-off in companies linked to artificial intelligence earlier in the day. Nvidia showed some improvement, rebounding after a significant drop, while other tech giants like Broadcom and Oracle also saw gains.

Fears surrounding the Chinese startup DeepSeek reached a peak, sending shockwaves through the tech market. The company's free open-source language model, which reportedly cost very little to develop, sparked concerns about Big Tech’s AI investments. DeepSeek's app surpassed OpenAI's to become the most-downloaded free app on the U.S. Apple App Store, further fueling anxiety.

This turmoil contributed to a notable decline in the Nasdaq Composite, while the S&P 500 also saw a downturn. Investor focus is now shifting toward upcoming corporate earnings reports, with major companies like Starbucks and Boeing expected to report soon. In the days ahead, investors are also anticipating earnings from top firms in the "Magnificent Seven" group, including Meta, Microsoft, Tesla, and Apple.

On monday, the Indian market closed lower today with Sensex 75,366.17 down by 824.29 pts or 1.08% and nifty 22,829.15 down by 263.05 pts or 1.14%. ALL Sectors closed in red today, with nifty media losing almost 5%. Top gainers are ICICI Bank, HUL, M&M, L&T and Maruti. Losers - HCL Tech, Zomato, Tech Mahindra, TAMO and Infosys