Indian market extended its fall further on Thursday, with Sensex nosediving by 565 points and Nifty 50 tumbling by 171 points. Stocks like ONGC, Shriram Finance, BPCL, Coal India, and L&T were top laggards.
Market participants are now focused on upcoming Q3 earnings reports from Tata Consultancy Services (TCS) and other key companies, which are expected to influence market sentiment further.
The Indian stock market is likely to open on a cautious note as indicated by the GIFT Nifty, which is down by 20 points in early trade currently at 23,703. The muted sentiment comes amid a broader sell-off across Asian markets, driven by concerns over slowing global growth and ongoing policy uncertainties in major economies. Asian indices, including Japan's Nikkei and Hong Kong's Hang Seng, have slipped in early trading hours, following a mixed performance on Wall Street overnight.
The stock market closed almost flat on Wednesday after recovering some early-session losses. The Sensex settled at 78,148.49, down by 50.62 points or 0.06%, while the Nifty declined by 18.95 points or 0.08% to end at 23,688.95. Investor sentiment remains cautious amid concerns over global macroeconomic trends, corporate earnings forecasts, and potential policy adjustments by central banks.
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Jan 09, 2025, 2:42 pm IST
Stocks Drag Nifty
Stocks like ONGC, Shriram Finance, BPCL, Coal India, and L&T were top laggards, dragging Nifty 50 to below 23,550 levels.
Jan 09, 2025, 11:18 am IST
Tata Elxsi Share Jumps Sharply Ahead Of Q3 Results
Tata Elxsi, the 36-year-old Tata Group-backed IT stock, witnessed massive buying sentiment on Thursday, January 9, ahead of its Q3 results. The midcap stock jumped as much as 2.2% with an intraday high of Rs 6617.05 apiece on BSE. Tata Elxsi is expected to report mild gains in revenue and margins in the December 2024 quarter.
At the time of writing, Tata Elxsi's share price traded at Rs 6606.45 apiece on BSE, with a market cap of Rs 41,147.18 crore. The stock traded near its day's high of Rs 6617.05 apiece.
On 9th January 2025, the 24-carat gold rates in India spiked by Rs 380 to cost Rs. 79,200, while the 22-carat gold jumped Rs. 350 to retail at Rs. 72,600. Meanwhile, the 18-carat gold rates in India also soared to Rs. 280, currently at Rs. 59,400.
Jan 09, 2025, 10:23 am IST
Stock Market Live Updates: TCS Share Price On January 9
Tata Consultancy Services (TCS) share price traded volatile in the early trade of Thursday, January 9th, ahead of its Q3 earnings for FY25. The largest IT company of India is going to announce its December 2024 quarterly report after market hours. TCS is expected to report better margins, however, furlough is likely to dent its revenue in Q3FY25.
At the time of writing, TCS share price traded at Rs 4121.20 apiece, up marginally on BSE, with market cap of Rs 14,89,186.73 crore. With its latest m-cap, TCS is the second largest company in India and the largest in IT sector.
: Stock Market Live Updates: Novelis Announces Upsizing and Pricing of Offering of Senior Notes due January 2030
Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today announced that its indirect wholly owned subsidiary, Novelis Corporation, has priced an offering of 0 million aggregate principal amount of 6.875% senior notes due in January 2030 (the "Notes"), which represents an increase of 0 million from the offering size previously announced. The Notes were priced at par value and will bear an interest rate of 6.875% per annum. The Notes are being offered in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain of Novelis' subsidiaries. Novelis expects to close the offering of the Notes on January 13, 2025, subject to the satisfaction of customary closing conditions. Novelis intends to use the net proceeds from the offering to repay 8 million of outstanding borrowings under its
revolving credit facility and to use any remaining net proceeds to fund cash on its balance sheet for general corporate purposes.
Jan 09, 2025, 9:23 am IST
Stock Market Live Updates: Key Q3 Results to Watch Out for Today
Several major companies are set to announce their Q3 results today, with a focus on the IT and energy sectors. Tata Consultancy Services (TCS),Tata Elxsi and Indian Renewable Energy Development Agency (IREDA) will report its Q3 earnings, shedding light on the company’s progress
Jan 09, 2025, 8:57 am IST
Stock Market Live Updates: Asian Markets Trade Mixed Amid Global Cues
Asian markets exhibited a mixed performance in Thursday's session as investors weighed global economic uncertainties. The Shanghai Composite slipped 0.15%, trading at 3,225.39, while Japan’s Nikkei 225 dropped 302.13 points, or 0.76%, to currently at 39,678.93.
On the positive side, Hong Kong’s Hang Seng Index (HSI) rose by 79.5 points, or 0.41%, to 19,359.34. The Shenzhen Component also gained momentum, climbing 0.71% to reach 10,015.2. South Korea’s KOSPI added 11.04 points, or 0.44%, trading at 2,532.09.
Meanwhile, Australia’s ASX 200 index remained relatively steady in early trade, indicating cautious optimism in the region.
Jan 09, 2025, 8:53 am IST
Stock Market Live Updates: US Markets Close Mixed
Wall Street ended Wednesday’s session on a mixed note. The Dow Jones Industrial Average (DJIA) closed in positive territory, gaining 106.84 points, or 0.25%, to settle at 42,635.2. The S&P 500 also edged higher, finishing 0.16% up.
Meanwhile, the Nasdaq Composite slipped into the red, ending the trading session at 19,478.8, down 10.8 points or 0.06%.
Jan 09, 2025, 8:46 am IST
Markets at the Previous Close
The stock market closed almost flat on Wednesday after recovering some early-session losses. The Sensex settled at 78,148.49, down by 50.62 points or 0.06%, while the Nifty declined by 18.95 points or 0.08% to end at 23,688.95.
Jan 09, 2025, 8:38 am IST
Welcome to the Stock Market Live Blog
Good morning, and welcome right here in our live blog! As Sensex and Nifty set the pace today, we’re here to guide you through every market move. Stay with us for real-time updates, insights from the equity market
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