Closing Bell: Nifty Exceeds 23,150 with Sensex Up 680 Points Before Fed Meeting

Indian stock markets witnessed an upward trend for the consecutive session on January 29, with the Nifty index reaching 23,150 points. This positive momentum was reflected across various sectors, with significant gains observed in areas such as media, capital goods, information technology, metals, and realty, which each saw an increase of 2 percent. Additionally, the automotive, banking, pharmaceuticals, and oil & gas sectors also experienced growth, albeit at a slightly lower rate of 0.5 to 1.5 percent. However, the fast-moving consumer goods (FMCG) sector did not fare as well, witnessing a decline of 0.5 percent. Sensex climbs 631 points and closed at 76,532.96.

The broader market also participated in the rally, with the BSE Midcap index climbing by 2.5 percent and the Smallcap indices appreciating by 3 percent. This indicates a widespread optimism among investors, extending beyond the blue-chip stocks to include mid and small-cap companies as well.

Among the major contributors to the Nifty's performance were Shriram Finance, Bharat Electronics, Wipro, Tata Motors, and Infosys, which were the top gainers of the day. On the flip side, companies like Asian Paints, Maruti Suzuki, BPCL, Bharti Airtel, and ITC found themselves on the losing end. This mix of winners and losers highlights the varied performance across different sectors, underscoring the dynamic nature of the market on that day.

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Jan 29, 2025, 3:43 pm IST

Maruti Suzuki Q3 Profit Soars 16% Year-On-Year to Rs 3,727 Crore

Maruti Suzuki India Ltd has announced a significant 16 percent increase in its consolidated net profit for the third quarter of the fiscal year 2025, reaching Rs 3,727 crore. This figure not only showcases the automaker's robust performance but also exceeds the expectations of analysts who had forecasted a profit of Rs 3,596 crore, indicating a 15 percent rise. The company's revenue during this period also saw a commendable increase, totaling Rs 38,764 crore, which is a 16 percent growth year-on-year, albeit slightly below the anticipated Rs 38,838 crore by analysts. The auto giant reported a remarkable performance in vehicle sales, with a total of 5,66,213 units sold in the quarter, marking a 13 percent increase from the previous year. Domestic sales experienced a growth of 8.7 percent, reaching 4,66,993 units, while export figures remarkably surged by 38.2 percent to 99,220 units, setting a record for the highest exports in any quarter. The utility vehicle (UV) segment led the sales growth with a 20.2 percent rise to 1,85,298 units, despite a slight decline in compact car sales by 4.6 percent to 1,82,227 units. Mini car sales witnessed a modest increase of 2.8 percent, totaling 27,855 units, and sales to other original equipment manufacturers (OEMs) nearly doubled, showing an 89.2 percent jump to 27,102 units.

Jan 29, 2025, 2:36 pm IST

Small-Cap SIS Stock Rises 12% After Stunning Q3 Earnings

The shares of SIS, a leading provider in security solutions, facility management, and cash logistics in India, experienced a significant rise, climbing nearly 12% during intraday trading on the Bombay Stock Exchange (BSE) on Wednesday. This surge came on the heels of the company disclosing a remarkable 177% increase in its profit after tax (PAT) for the December quarter of the current fiscal year (Q3FY25). The stock, which had opened at ₹319, surpassed its previous close of ₹307.55, reaching ₹343.60 before witnessing some retracement. By approximately 11 AM, shares were trading 8.60% higher at ₹334. SIS, renowned for its dominant position in the security solutions market in Australia and holding leading rankings in various segments within India, unveiled its financial results for the third quarter on January 28. The company's PAT soared to ₹102.1 crore, marking a substantial rise of 176.6% compared to the PAT of ₹36.9 crore recorded in the same quarter the previous year. This significant growth underscores SIS's robust financial performance and operational efficiency.

Jan 29, 2025, 2:16 pm IST

Bajaj Finance Poised for Strong Profit Boost in Q3 FY25 Amid AUM Growth

Bajaj Finance is poised to unveil its third-quarter earnings for the fiscal year 2025 on the 29th of January, with expectations of a positive outcome primarily attributed to a substantial increase in asset under management (AUM) and stable net interest margins (NIMs). Despite this, the spotlight will also be on the rising credit costs and asset quality, which analysts are closely monitoring. This comes amid anticipations from a Bloomberg survey of brokerage analysts, projecting Bajaj Finance's net profit to rise by 11 percent year-on-year to Rs 4,136.1 crore for the quarter ending December.

Jan 29, 2025, 1:07 pm IST

Kaynes Technology Gets Jefferies Upgrade: Analysts Weigh In on New Target Price

Jefferies has upgraded its rating for Kaynes Technology to 'buy', although it has reduced the target price from Rs 6,950 to Rs 5,400. The company's stock has seen a significant decline of approximately 38% over the past month. Despite this, the company shows promising potential due to its strong financial performance and strategic goals. Kaynes Technology's core operating profit margin (OPM) stands at an impressive 14-15%, which is notably higher than that of its competitors. This indicates efficient management and operational strength within the company. Additionally, the company's sales and profit after tax (PAT) for the first nine months of FY25 have shown substantial growth, with sales increasing by over 49% and PAT rising by 74% year-on-year.

Jan 29, 2025, 12:01 pm IST

Colgate Palmolive Q3 Results

Colgate Palmolive has reported a decline in its third-quarter profit, which fell by 2.2% to Rs 322.8 crore compared to Rs 330.1 crore in the same period last year. Despite this dip in profit, the company experienced an increase in revenue. The company's revenue saw a growth of 4.7%, reaching Rs 1,461.8 crore from Rs 1,395.7 crore year-on-year. This rise indicates a positive trend in sales despite the drop in profit margins.

Jan 29, 2025, 11:32 am IST

Adani Ports Q3 results preview

Adani Ports and Special Economic Zone (APSEZ) is anticipated to show robust earnings growth for the third quarter of FY25. This growth is expected due to consistent cargo volumes and strategic acquisitions. Analysts predict a 17.3% year-on-year increase in net profit, reaching Rs 2,589.4 crore. Revenue is also projected to rise by 10.8% YoY to Rs 7,496.6 crore, according to a Bloomberg poll. Despite challenges in iron ore and coal cargo sectors, Adani Ports' performance remains strong. The company benefits from increased container and liquid cargo volumes and new assets like Gopalpur and Astro Offshore. These factors are expected to support profitability despite sectoral headwinds.

Jan 29, 2025, 10:48 am IST

ITC Hotels Launches on NSE: Stock Opens 31% Lower at Rs 180

ITC Hotels made its debut on the NSE at Rs 180 per share, marking a 31% discount from its implied price of Rs 260. This listing follows the demerger from ITC, aimed at unlocking shareholder value. On the BSE, shares opened at Rs 188, a 30% discount from the implied price of Rs 270. The market capitalisation stands at over Rs 37,461 crore. Last year, ITC announced plans to separate its hotel business into an independent listed entity. The demerger ratio was set at 1:10, meaning shareholders with ten ITC shares as of January 6, 2025, would receive one ITC Hotels share. This move was intended to enhance shareholder value by creating a distinct entity for the hotel business.

Jan 29, 2025, 10:29 am IST

Suzlon Energy Hits 5% Upper Circuit

Nuvama Institutional Equities has shifted its stance on Suzlon Energy Ltd, advising investors to 'Buy' the stock after a recent drop in its value provided a more attractive entry point. The change comes as a result of Suzlon Energy's stronger-than-anticipated performance in the third quarter. Initially, projections had pegged the company's execution at 360MW, but it surpassed expectations by completing 447MW. The brokerage firm highlighted the company's considerable improvement in operating margins, which reached 16.8% in the third quarter, exceeding Nuvama's own forecast of 14.9%. This uptick in margins was attributed to an enhanced mix of wind turbine generator (WTG) sales, which leveraged operational efficiency and ultimately led to an 11% surpass of the consensus forecast.

Jan 29, 2025, 9:50 am IST

Stock Market Live Updates: OneSource announces strong financial results in its first quarter postlisting

OneSource Specialty Pharma Limited (BSE:544292, NSE: ONESOURCE) today announced its consolidated financial results for the quarter (Q3FY25) ended December 31, 2024. Revenues of ₹3,926 million grew 18% QoQ. • EBITDA grew 85% QoQ to ₹1,432 million. • EBITDA margin of 36.5% grew by 1,334 basis points QoQ. • Q3 FY25 normalized PAT was ₹898 million, resulting in an EPS of ₹7.8 for the quarter. • Reported PAT was impacted by one-time OneSource setup and transaction costs :

Jan 29, 2025, 9:49 am IST

Stock Market Live Updates: L&T Technology Services Secures Million Digital Engineering Transformation Deal in Sustainability Segment

L&T Technology Services Limited, a global leader in engineering and technology services, announced that it has been awarded a multiyear, million deal with a US-based manufacturer of industrial products and solutions. This strategic partnership will accelerate the client’s digital transformation through the integration of advanced technologies, including connected products and the digital thread, paving the way for greater innovation at scale. This net new latest deal win in the Sustainability segment will see LTTS establish a dedicated Center of Excellence (CoE) in India, which will act as a global innovation hub enabling the client to focus on digital transformation and comprehensive product lifecycle management (PLM). This initiative is designed not only to support the client’s transformation journey but also to enable the expansion of their global footprint, particularly in new age and digital technologies that are redefining industries worldwide.

Jan 29, 2025, 9:32 am IST

Stock Market Live Updates: Sensex and Nifty Today

Equity indices opened in the green on Wednesday, with the BSE Sensex seeing a strong surge of 276 points, or 0.36%, to start at the 76,178 mark. Similarly, the Nifty50 followed suit, rising 70.95 points, or 0.31%, to trade at 23,028.20.

Jan 29, 2025, 9:16 am IST

Stock Market Live Updates: Rupee Trades Lower Against Dollar This Morning

he Indian rupee opened slightly weaker at 86.57 per dollar on Jan 29th compared to Tuesday’s closing level of 86.53.

Jan 29, 2025, 9:14 am IST

Stock Market Live Updates: Nifty Technical Outlook

“Nifty is expected to open on a positive note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 23040. If nifty closes above that, further upside can be expected towards the 23100-23170 mark. On the flip side 22870-22800 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss.” as per the research report from Nirmal Bang Brokers

Jan 29, 2025, 9:12 am IST

Stock Market Live Updates: US Markets Rebound as Tech Stocks Recover

US markets witnessed a strong rebound on Tuesday, led by a sharp recovery in technology stocks. This came after a selloff in the previous session, triggered by concerns over intensifying competition in the AI sector following the emergence of a low-cost Chinese AI model. Investors regained confidence in the tech sector, driving major indices higher. The Nasdaq surged approximately 2%, with chip giant Nvidia soaring 9% as traders saw an opportunity to buy into AI-linked stocks after Monday’s declines. The S&P 500 also advanced 0.92%, while the Dow Jones Industrial Average (DJIA) posted modest gains of 0.31%. Additionally, traders rotated back into the US dollar, moving away from safe-haven currencies, signaling renewed risk appetite in the market. Dow Jones Industrial Average (DJIA) closed in green at 44,850.35 with a rise of 0.31%. And the Nasdaq Composite ended with rise of 2.03% while the S&P 500 closed 0.92% higher.

Jan 29, 2025, 8:41 am IST

Stock Market Live Updates: Markets Rebound After Consecutive Losses

On January 28, the Indian equity markets ended in positive territory after witnessing consecutive losses in the previous sessions. The Sensex closed at 75,901.41, gaining 535.24 points or 0.71%, while the Nifty ended at 22,957.25, up 128.1 points or 0.56%. However, broader market indices saw a mixed performance, with the BSE Midcap and Smallcap indices declining. Among sectoral indices, the auto, banking, and realty sectors traded in the green, contributing to market gains. On the other hand, FMCG, metal, oil & gas, healthcare, power, and IT sectors extended their declines, capping overall gains in the market.

Jan 29, 2025, 8:40 am IST

All Focus on Sensex, Nifty for Market Direction

Good morning! Welcome to our Stock Market Live Blog, your one-stop destination for all the latest updates from Dalal Street. With Sensex and Nifty leading the action, we’ll keep you posted on every market move, key trends, and expert insights throughout the day. Stay tuned for real-time updates, stock recommendations, buzzing stocks, and more as we navigate the day’s market swings together!