Equity indices started the morning trading session on a positive note, with both benchmark indices extending their gains. The Sensex rose by 128.53 points or 0.16%, trading at 79,351.64, while the Nifty was up by 33.65 points or 0.14%, reaching 24,038.40 in early trade.
Earlier, the stock market is anticipated to open on a positive note this week after witnessing a sharp sell-off in the previous trading session on Friday. Early indicators from GIFT Nifty suggest a positive start, as it is trading slightly higher this morning at 24,139, up by 0.22%, signaling optimism in the market sentiment.
In the last trading session on January 3, both benchmark indices saw significant declines. The Sensex fell by 720.60 points, or 0.90%, to close at 79,223.11, while the Nifty slipped by 183.90 points, or 0.76%, to settle at 24,004.75. The sell-off was driven by a combination of profit booking, global market cues, and concerns over macroeconomic factors. Analysts suggest that today's market performance will depend on key global cues, corporate earnings expectations, and macroeconomic data releases scheduled for the week.
LIVE Feed
Jan 06, 2025, 1:48 pm IST
Nykaa Projects Mixed Q3 Growth with Strong Performance in Key Segments
FSN E-Commerce Ventures (Nykaa) anticipates net sales value (NSV) growth in the low to mid-teens for Q3 FY25, driven by robust performances across certain verticals. The company expects consolidated net revenue growth to exceed the mid-twenties, while the beauty segment's gross merchandise value (GMV) is projected to grow in the low thirties. Nykaa’s eB2B platform, Superstore by Nykaa, continues to expand rapidly, now catering to approximately 2.6 lakh transacting retailers across 1,100+ cities. The fashion vertical is forecasted to achieve 20% net revenue growth, despite subdued demand in the online fashion market. Nykaa remains optimistic about the long-term growth prospects for online fashion, despite current challenges.
Jan 06, 2025, 1:26 pm IST
2025 Macro Outlook | US policies would decide the global outlook
“In 2025, all eyes will be on the US, specifically on the incoming Trump administration’s tariff policies. As our base case, we are building in shallow rate cut cycle by the Fed vs. market expectation of only one rate cut., RBI’s rate cut cycle will commence in Feb’25. We see the risk of a further deterioration in India’s trade balance due to sluggish exports, which will keep the country’s current account deficit (CAD) elevated. Capex is likely to fall short by 10% of the budgeted target in FY25, while allocation for the next fiscal would be optically appealing. We believe the government will stick to its fiscal consolidation path. For a meaningful revival in domestic demand, income growth needs to pick up. The US dollar has strengthened in anticipation of pro-growth policies in US, and we see a near-term peak that should ease pressure on emerging market (EM) currencies. INR, however, looks stretched and the likelihood of reduced forex intervention opens up headroom for further depreciation; we see INR in the range of 85.5–87.5/USD.” said Hitesh Suvarna of JM Financial Institutional Securities.
Jan 06, 2025, 12:03 pm IST
Happy Forgings Approves Rs 650 Crore Investment for Advanced Capabilities
The Board of Directors at Happy Forgings has sanctioned a capital investment of up to Rs 650 crore to develop advanced forging capabilities. This strategic move aims to cater to the growing demand in the non-automotive industrial segment, strengthening the company’s market presence in diversified industries.
Jan 06, 2025, 11:16 am IST
Gujarat Toolroom Declares 5:1 Bonus Issue
The Board of Gujarat Toolroom has approved a bonus share issue in the ratio of 5:1, meaning shareholders will receive five fully paid-up equity shares of ₹1 each for every one existing equity share of Re 1 held. The bonus shares will be issued to eligible shareholders as of the record date, January 3, 2025, by capitalizing the company’s securities premium and/or free reserves.
Jan 06, 2025, 10:55 am IST
Bandhan Bank Reports 20% Growth in Deposits for Q3, CASA Ratio Declines to 31.7%
Bandhan Bank delivered robust growth in Q3, with loans and advances increasing by 15% year-on-year (YoY) to Rs 1.33 lakh crore from Rs 1.15 lakh crore. Total deposits surged 20.1% YoY to Rs 1.41 lakh crore compared to Rs 1.17 lakh crore. CASA deposits grew 5.5% YoY to Rs 44,735 crore from Rs 42,413 crore, while retail deposits, including CASA, jumped 15.7% YoY to Rs 96,795 crore from Rs 83,675 crore. Bulk deposits showed the highest growth, climbing 31% YoY to Rs 44,204 crore from Rs 33,747 crore. However, the CASA ratio declined to 31.7% from 36.1% YoY, reflecting a shift in deposit mix.
Jan 06, 2025, 10:48 am IST
Bank of Baroda Shares Dip Despite Strong Q3 Business Growth
Bank of Baroda reported robust Q3 performance with its global business expanding by 11.74% to Rs 25.64 lakh crore, compared to Rs 22.94 lakh crore last year. Global deposits also grew by 11.82%, reaching Rs 13.92 lakh crore versus Rs 12.45 lakh crore. Additionally, global advances witnessed an 11.65% increase, rising to Rs 11.71 lakh crore from Rs 10.49 lakh crore. Despite these impressive numbers, the bank's shares experienced a decline following the business update.
Jan 06, 2025, 9:53 am IST
Jonjua Overseas Ltd Rights Issue Of Rs. 7,92,53,390; Subscribed 1.28 Times
Jonjua Overseas Limited announce that it has achieved successful
closure of Rights Issue for 79,25,339 equity shares, with the subscription rate of
approximately 1.28 times. Rights Issue has received Listing and Trading approval.
Jonjua Overseas Limited works on the principle that its strength lies in its
Shareholders
Jan 06, 2025, 9:53 am IST
IEX Power Market Update December 2024
Indian Energy Exchange, India’s premier electricity exchange, achieved highest ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29% increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year on year increase. For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19% year on year increase. For the third quarter of the fiscal year 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16% year on year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates, recording a 31% year on year increase.
Jan 06, 2025, 9:52 am IST
Manba Finance Limited Credit Rating Update
Manba Finance Limited (MFL) India’s leading Non-Banking Finance Company (NBFC), have received a change in credit raƟng outlook from BBB+ (Stable) to BBB+ (PosiƟve) from CARE RaƟngs Limited for its debt instruments and bank faciliƟes. CARE BBB+ raƟng is considered to have the good degree of safety regarding Ɵmely servicing of financial obligaƟons. Such instruments carry lowest credit risk. CARE RaƟngs has considered credit strengths like strong management team, diversified operaƟons, strong financial flexibility in raising funds at compeƟƟve rates and strong parentage, as few of the key raƟng drivers for this upgrade. This revision in outlook by credit raƟng agencies is an endorsement to the credibility that the Company has earned based on its performance. Company has recently completed successful issuance of IPO and lisƟng of equity shares on BSE and NSE on 30-09-2024.
Jan 06, 2025, 9:52 am IST
Titan’s Q3 FY25 Update
The Company (standalone) registered a growth of c.24% YoY in Q3FY25. Titan’s combined retail network presence (including CaratLane and International) expanded by 69 stores (net) in the quarter to reach 3,240 stores. Jewellery (domestic) grew c.25% YoY buoyed by strong festive demand. Robust consumer traction during ‘Diwali’ translated into high single-digit buyer growth along with double-digit ticket size growth. Gold (plain) exhibited particularly strong momentum growing c. 24% YoY benefiting from increased gold prices, festive and wedding purchases. Notably, gold coin sales grew c.48% YoY reflecting consumer preference for gold as an investment avenue and customary purchases during the festive occasion of ‘Dhanteras’. Watches & Wearables (domestic) grew c.13% YoY. Analog watches maintained its FY25 growth momentum and clocked a robust c.19% YoY growth. Caratlane grew c.25% YoY driven by a strong c.26% YoY growth in the studded portfolio. Buyers grew c.8% YoY and L2L growths clocked a healthy c.16% YoY
Jan 06, 2025, 9:31 am IST
Sensex and Nifty Today
Equity indices started the morning trading session on a positive note, with both benchmark indices extending their gains. The Sensex rose by 128.53 points or 0.16%, trading at 79,351.64, while the Nifty was up by 33.65 points or 0.14%, reaching 24,038.40 in early trade.
Jan 06, 2025, 9:26 am IST
Rupee vs Dollar Status
The rupee opened slightly higher today at 85.78 against Dollar, recovering marginally after hitting an all-time low of 85.81 in late December. On Friday, the rupee closed at 85.77, showing signs of stabilization amid fluctuations in global currency markets.
Jan 06, 2025, 8:46 am IST
Stock Market Live Updates: Asian Stocks Trading in Mixed Manner
Asian markets opened the week on a mixed note, with indices showing both gains and losses in early Monday trade.
Japan’s Nikkei is down by 500 points, trading at 39,394.27, while the Shanghai Composite is also in the red, lower by 0.04%. However, some indices are seeing gains, with the Hang Seng Index trading slightly higher by 0.04%. South Korea’s KOSPI is leading the gains, up by 1.5%, followed by Australia’s ASX 200, which is also trading in positive territory.
Jan 06, 2025, 8:39 am IST
Stock Market Live Updates: US Markets on Friday
Wall Street ended Friday's session with solid gains across all major indices as investors returned to action after the holiday season. Positive economic data and easing concerns over interest rates fueled the rally. The Dow Jones Industrial Average closed at 42,732, gaining 339.86 points. The NASDAQ Composite rose by 340.88 points to settle at 19,621.68, while the S&P 500 also finished in the green, adding 73.92 points to close at 5,942.47. The rally was led by gains in technology and consumer discretionary stocks, indicating renewed investor optimism.
Jan 06, 2025, 8:31 am IST
Stock Market Live Updates: Markets In The Previous Close
The Indian stock markets ended the previous session with sharp cuts, erasing the strong gains seen at the start of the new year. Nifty 50 slipped below the 24,000 mark, while the Sensex fell below 80,000, driven by heavy selling pressure across sectors.
The Nifty closed at 24,004.75, down by 183.90 points or 0.76%, while the Sensex declined by 720.60 points or 0.90%, ending the session at 79,223.11. The sell-off was attributed to profit booking and global cues that weighed on investor sentiment.
Jan 06, 2025, 8:24 am IST
Stock Market Live Updates: 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
Click it and Unblock the Notifications
Sign in with Google