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

On January 23, the Indian equity indices ended on a strong note, with the Nifty closing at 23,200.

The biggest gainers on the Nifty include UltraTech Cement, Grasim Industries, Wipro, Shriram Finance, and M&M, while the top losers are BPCL, Kotak Mahindra Bank, HCL Technologies, Power Grid Corp, and Reliance Industries.

The Nifty Midcap index jumped 2%, while the Smallcap index increased 1%. Automobiles, consumer durables, information technology, media, pharmaceuticals, and real estate are all up 1-2 percent. The oil and gas and PSU bank indices, on the other hand, closed lower.
 

Zee Entertainment Q3 net profit surges 180% to Rs 164 crore, shares up 3%. On January 23, Zee Entertainment Enterprises Ltd reported a 180% increase in net profit to Rs 164 crore for the quarter ending December 31, 2024. The previous year, it posted a net profit of Rs 58.5 crore.

Shilpa Medicare Limited’s 100% subsidiary, Shilpa Pharma Lifesciences Limited received certificate of suitability (CEP) from EDQM (European Directorate for the Quality of Medicines & Healthcare) for API, Teriflunomide.

Oriental Rail Infrastructure Limited has secured order worth Rs. 5,87,21,520.00/- (Rupees Five Crore Eighty Seven Lakh Twenty One Thousand Five Hundred Twenty only) from Integral Coach Factory (ICF), Chennai, Indian Railways

Larsen & Toubro has approved the strike off applications of the below mentioned inoperative wholly owned subsidiaries of L&T Realty Developers Limited, a wholly owned subsidiary of the Company. 1. Avenue Techpark (Bangalore) Private Limited; 2. Bangalore Fortune Techpark Private Limited; 3. Bangalore Spectrum Techpark Private Limited;

Paras Defence & Space Technologies Limited (Paras Defence), a leader in optics and optronic systems for defence and space, is set to invest Rs. 12000 crores to establish India’s first Optics Park in Maharashtra. In this regard, the defence company signed a Memorandum of Understanding (MoU) with the Government of Maharashtra (GoM). The announcement, made at the prestigious World Economic Forum in Davos, Switzerland, marks a historic milestone in India’s journey toward self-reliance in advanced optical technologies.

Gainers - Wipro, Eicher Motor, Tech Mahindra and Shriram Finance
Losers - BPCL, Reliance, Dr Reddy, Kotak Bank and Axis Bank 

Emcure Pharmaceuticals Limited, one of India’s leading pharma companies announced the inauguration of its state-of-the-art Formulation Research and Development (R&D) Centre near Tapovan Circle, Ahmedabad. The Emcure Research Centre (ERC) is strategically designed to enable breakthroughs in complex drug delivery systems, such as sustained-release formulations, liposomal injections and advanced dermal therapies. The landmark facility was inaugurated by Hon’ble Minister of Health and Family Welfare, Gujarat, Shri. Rushikeshbhai Patel, in a ceremony that marks Emcure’s commitment to advancing healthcare through cutting-edge research and transformative drug development.

Smiths & Founders informed the exchange filing you that a meeting of the Board of Directors of the Company will be held on Monday, 3 February, 2025, at the Registered Office of the Company to, inter— alia, consider arid take on record the un-audited Financial Results for the quarter and nine months ended December 31, 2024.

ELCID INVESTMENTS informed that the Board of Directors of our Company is scheduled to be held on Thursday, January 30, 2025, at the registered Office of the Company, inter-alia, to consider and approve the following business: Un-Audited Standalone and Consolidated Financial Results of the Company for the Third Quarter ended December 31, 2024.

Kolkata based Sellwin Traders Ltd has entered into a Memorandum of Understanding (MOU) with a Mumbai based Rs. 250 crore group, Subhshri Overseas Ltd to form a strategic association. The collaboration aims to establish a Holding company (Sellwin Traders) - Subsidiary company (Subhshri Overseas Ltd) relationship via a share swap arrangement. This MOU is a non-binding agreement and does not create any legal obligations on either party, except for confidentiality and the commitment to good faith negotiations.

The interim dividend of Rs. 5/- (Rupees Five only) will be paid to those shareholders who hold equity shares of the Company as on the closure of record date i.e. Wednesday, January 29, 2025.

Gainers - Tech Mahindra, Sun Pharma, Zomato, M&M and Titan 
Losers - HUL, Reliance, SBI, Kotak Bank and HDFC Bank

Coforge's Board also reviewed a fund utilization certificate provided by CRISIL Ratings Limited regarding proceeds from the Qualified Institutional Placement (QIP) conducted earlier. 
 

Nifty Oil and Gas is declining in today's trading session, leading the loss are Hindustan Petroleum Corporation,Oil India, BPCL, GSPL, IOC and Reliance 
 

Nifty IT is on a rise today, up by more than 2%. Leading the gains are Corforge, Persistent, Mphasis, Wipro, Tech Mahindra and TCS

Jubilant Pharmova Board of Directors of the Company is scheduled to be held on Friday, January 31, 2025, to inter-alia consider the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2024.

ZYDUS WELLNESS inform that the meeting of the Board of Directors of the Company will be held on Tuesday, February 4, 2025 to consider, apart from other agenda items, approval of unaudited financial results for the quarter and nine months ended on December 31, 2024

Several high-profile companies, including UltraTech Cement, Dr Reddy's Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Syngene International, Tejas Networks, Thyrocare Technologies, Ujjivan Small Finance Bank, V2 Retail, and Zee Entertainment Enterprises, are scheduled to announce their quarterly earnings on January 23.

Adani Power inform that the Meeting of the Board of Directors of the Company will be held on Wednesday, January 29, 2025, to consider and approve, inter alia, the Unaudited Financial Results for the quarter and nine months ended December 31, 2024 (the “Results”).

Gainers - Wipro, M&M, Tata Consumers, Tech Mahindra and BEL
Losers - HUL, BPCL, L&T, Dr Reddy and Nestle India 

Telecom giant benefits from strong market position and improved financial profile
In a significant development for Bharti Airtel, Moody’s Ratings has upgraded the company’s outlook to positive from stable while affirming its Baa3 issuer rating. This change reflects the company’s strengthened financial position, enhanced market share, and the relative stability of India’s competitive telecom landscape.
 

Revenue up 40.3% YoY, 8.4% QoQ in CC terms 
EBITDA up 29.3% YoY, 7.2% QoQ 
Operating Cash Flow at $47.0 Mn, up 211% QoQ 
Order Executable at $1.37 bn, up 40.1% YoY

Coforge Inc., a wholly owned subsidiary of the Company has agreed to enter into a Stock Purchase Agreement with Xceltrait Inc. and its stockholders (“Stock Purchase Agreement”) to acquire all of the outstanding shares of capital stock of Xceltrait Inc. for aggregate purchase consideration of approximately $ 17.85 Mn (“Proposed Transaction”) and completion of closing conditions and closing deliveries as per the Stock Purchase Agreemen

The Board has also declared third interim dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company having face value of Rs. 10/- each fully paid-up, for the financial year 2024-25.

South West Pinnacle Exploration Ltd. through its’ Joint Venture Company namely M/s Al Hadeetha Mining LLC (AHML), Oman, has been awarded an exploration & Mining block 22B, in IZKI Town of Oman for exploration and mining of Minerals viz; Copper, Gold, Silver & Chromite and Basalt. The block is spread across 1452 KM2. The official signing ceremony of the concession agreement of Block 22B with the Ministry of Energy and Minerals (MEM), Sultanate of Oman held on 22nd Jan 2025, in the august presence of Hon’ble Minister of Energy and Minerals, His Excellency Eng. Salim Bin Nasser Aloufi, along with other senior officials of the Ministry.

Wins prestigious contracts from Airports Authority of India (AAI), Mumbai International Airport Limited (MIAL), and Maha Mumbai Metro Operation Corporation Limited (MMMOCL) strengthening leadership in integrated facility management

Waaree Energies shares witnessed a significant decline on Wednesday, with the stock plummeting over 10% intraday.The sharp decline comes as the second lock-in period for anchor investors ended, leading to a surge in trading volumes. Waaree Energies, which launched its IPO in October 2024, had allocated 84.96 lakh shares to 92 anchor investors at ₹1,503 apiece. According to SEBI rules, 50% of anchor shares are locked in for 90 days and the remaining 50% for 30 days from the date of allotment.

Hindustan Unilever Limited (HUL) announced the acquisition of Minimalist, a fast-growing premium beauty brand, as part of its strategy to strengthen its presence in the high-growth masstige beauty category. The company will acquire a 90.5% stake in Minimalist, with plans to acquire the remaining 9.5% within two years.

On wednesday, Indian music record label and biggest music producer, Tips Music Limited has approved the Unaudited Financial Results along with the Limited Review Report for the quarter and nine months ended December 31, 2024. It has also declared a third interim dividend for the financial year 2024-2025. 

In the early trade on the sectoral front on NSE, Nifty It is making the most gains today, followed by media and pharma. In the losing streak, PSU bank is declined, followed by bank, auto, financial services, metal and realty 

Gainers - Infosys, TCS, Zomato, Tech Mahindra and Power Grid

Losers - ITC, Bajaj Finance, Sun Pharma, Reliance, Sun pharma  

The Indian stock market opened flat today.

Gift nifty signals negative or weak start for the dalal street today. Currently trading at 23,136 down by 39 pts and 0.17%

Asia-Pacific markets showed mixed performance on Thursday as investors digested various regional economic updates. Australia’s benchmark index edged lower, while Japan’s major indices opened higher, posting modest gains. South Korea’s markets declined, reflecting slower economic growth, while Hong Kong and mainland China’s indices saw upward momentum. Key updates, including Singapore’s inflation figures and developments from the Bank of Japan’s ongoing policy meeting, remain in focus.

Wednesday's trading session saw the S&P 500 reach a new intraday high, ending the day with a 0.61% gain, just shy of its record close. The Nasdaq Composite surged 1.28%, while the Dow rose by 0.30%, both nearing new highs. Investor optimism was fueled by expectations of tax cuts and deregulation under President Trump, alongside robust economic growth indicators. Netflix soared over 9% post-market on strong quarterly results, with Alaska Air and Knight-Swift Transportation also gaining after earnings beats. Watch for updates from GE Aerospace and American Airlines before Thursday's opening bell.