Stock Market Live Updates: Market Extends Fall, Sensex Dips 950 Pts Nifty Drops 325 Pts; Smallcaps Worst Hit

The fresh trading week is set to kick off on a subdued note, weighed down by negative cues from global markets. Wall Street closed lower on Friday amid ongoing concerns about interest rates and economic slowdown. Asian markets followed suit this morning, trending lower across major indices. As of 8:15 am, GIFT Nifty was trading at 23,307, down by 0.09% from its previous close, indicating a weak opening for domestic markets.

On Friday, Indian markets remained volatile, marking their third consecutive session in the red. The Nifty 50 index closed 95 points lower at 23,431, while the Sensex slipped by 241.30 points or 0.31% to end the session at 77,378.91. Lingering concerns over global economic conditions and profit-booking by investors have continued to put pressure on market sentiment.

Going into the week, traders will be closely monitoring global market movements, as well as domestic cues like inflation data and corporate earnings.

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Jan 13, 2025, 2:32 pm IST

Smallcaps Worst Hit

Nifty Smallcap 100 Index Falls By 4.3%, making it the biggest fall in five months. BlueStar, Kaynes, Aditya Birla Realty, Ola Electric, Action Construction, Brigade and AMBER were top losers falling by 8% to 9.5

Jan 13, 2025, 2:01 pm IST

Waaree Energies to Acquire Enel Green Power India for Rs 792 Crore

Waaree Energies has signed a Share Purchase Agreement with Enel Green Power Development S.r.l. to acquire a 100% stake in Enel Green Power India for Rs 792 crore. Enel Green Power Development, one of Europe’s leading renewable energy companies, owns Enel Green Power India, its Indian subsidiary.

Jan 13, 2025, 1:53 pm IST

Brigade Enterprises Signs MoU with Technopark to Develop World Trade Centre in Thiruvananthapuram

Brigade Enterprises has signed a Memorandum of Understanding (MoU) with Technopark to establish a World Trade Centre (WTC) and supporting infrastructure in Thiruvananthapuram. The project, spanning approximately 1.5 million sq. ft., will include a cluster of towers featuring Grade A IT office spaces and a business hotel. The WTC is set to attract IT multinational corporations and provide a state-of-the-art workspace for Technopark's workforce.

Jan 13, 2025, 1:40 pm IST

USFDA Classifies Biocon Biologics' Malaysia Facility as VAI

The US Food and Drug Administration (USFDA) has designated Biocon Biologics' insulin manufacturing facility in Johor Bahru, Malaysia, as Voluntary Action Indicated (VAI). This classification follows a cGMP inspection conducted by the US health regulator from September 15 to September 27, 2024.

Jan 13, 2025, 1:40 pm IST

HEG Subsidiary Signs MoU with Ceylon Graphene Technologies for Graphene Collaboration

HEG Limited's subsidiary, TACC, has entered into a non-binding Memorandum of Understanding (MoU) with Ceylon Graphene Technologies. This partnership aims to explore opportunities for the joint manufacturing of graphene and its derivatives, signaling a strategic step towards advancing in the graphene materials sector.

Jan 13, 2025, 1:39 pm IST

ICICI Lombard Secures Rs 174.61 Crore Tax Relief from Income Tax Department

ICICI Lombard General Insurance Company has received a favourable ruling from the Income Tax Department, Mumbai, in multiple tax litigation cases. The company was granted tax relief amounting to Rs 174.61 crore through a consolidated order issued by the Commissioner of Income Tax. The ruling addressed appeals for assessment years 2012-13, 2015-16, 2016-17, and 2017-18, allowing all substantive grounds raised by the company.

Jan 13, 2025, 12:08 pm IST

NLC India Subsidiary Partners with Assam Power Distribution for Solar Project

NLC India Renewables, a subsidiary of NLC India, has entered into a Joint Venture Agreement with Assam Power Distribution Company to develop a solar power project in Assam. This collaboration marks a significant step towards advancing renewable energy initiatives in the region.

Jan 13, 2025, 11:29 am IST

Oberoi Realty Chosen as Developer for Major Bandra Reclamation Project

The Slum Rehabilitation Authority (SRA) in Brihanmumbai has designated Oberoi Realty as the developer for a 10,300 square meter land parcel at Bandra Reclamation, Mumbai. The land, owned by the Maharashtra Housing and Area Development Authority (MHADA), will be developed and redeveloped under the project. As part of this initiative, Oberoi Realty anticipates gaining a free-sale component of approximately 3.2 lakh square feet.

Jan 13, 2025, 10:51 am IST

Godrej Properties Unveils First Premium Project in Hyderabad: Madison Avenue

Godrej Properties has announced the launch of Godrej Madison Avenue, its inaugural premium residential project in Kokapet, Hyderabad. Spanning approximately 3 acres, the project boasts an estimated booking value of Rs 1,300 crore and features around 1.2 million square feet of saleable area. Madison Avenue offers luxurious 3 and 4 BHK apartments, catering to the premium residential market.

Jan 13, 2025, 10:00 am IST

Stock Market Live Updates: Godrej Properties enters Hyderabad with the launch of its first project, Godrej Madison Avenue

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, announced the launch of Godrej Madison Avenue its first premium residential project in Kokapet, Hyderabad, underlining its commitment to expanding its footprint in Hyderabad’s high-growth residential real estate market. Situated on ~3 acres of land with an estimated booking value of ~INR 1,300 crore*, Godrej Madison Avenue will feature ~1.2 million square feet of saleable area, offering premium residential apartments in 3 & 4 BHK configurations. This project brings to life Manhattan-inspired architecture and design, catering to the evolving preferences of homebuyers seeking sustainable, wellness-driven living spaces in high-potential locations. Thoughtfully planned to complement a modern lifestyle, the development features Manhattan-style landscaped spaces, a Central Park-inspired fountain, and a triple-height lobby.

Jan 13, 2025, 9:45 am IST

Stock Market Live Updates: Inox Wind’s Short- term Facilities Upgraded To Highest Rating By Care

Inox Wind Limited (IWL), India’s leading wind energy solutions provider, announced today that Care Ratings (CARE) has upgraded the ratings for the Company’s banking facilities. CARE has ascribed the following ratings: • ‘CARE A1+’, the highest rating for Short Term Bank Facilities, upgraded from CARE A1. The rating upgrade further demonstrates IWL’s strong financial position as the company utilises most of its banking facilities by way of letter of credits (LC) and bank guarantees (BG). • ‘CARE A+ / STABLE’ rating assigned on IWL’s Long Term Bank Facilities, upgraded from CARE A / Stable. These facilities are rarely utilised for cash management purposes only, since IWL’s balance sheet is already net cash positive.

Jan 13, 2025, 9:34 am IST

Stock Market Live Updates:Sensex and Nifty Open in Red

Benchmark indices opened sharply lower this morning, tracking negative global cues. The Sensex plunged 798.34 points, or 1.03%, to 76,580.57, while the Nifty slipped 246.35 points, or 1.05%, to 23,185.15.

Jan 13, 2025, 9:28 am IST

Stock Market Live Updates: Rupee Gains Slightly Against US Dollar

The Indian Rupee opened higher on Monday at 86.28 against the US Dollar, marking a 0.10% increase from its previous close. The currency's uptick comes amid mixed global cues and cautious sentiment in the equity markets. Traders will keep a close watch on global oil prices, inflation data, and US Fed commentary for further movement in the currency markets.

Jan 13, 2025, 8:56 am IST

Stock Market Live Updates: Asian Markets Decline as Global Sentiment Remains Weak

Asian markets opened lower on Monday, tracking the negative cues from Wall Street’s previous close and ongoing concerns about global economic growth. Most major indices in the region were trading in the red, reflecting cautious investor sentiment. Japan’s Nikkei 225 dropped 414.69 points, or 1.05%, to 39,190.40, while Hong Kong’s Hang Seng Index (HSI) slid 1.3% to 18,817.37. South Korea’s KOSPI also fell by 0.97%, trading at 2,491.31. China’s markets showed mixed performance, with the Shanghai Composite down by 0.26% at 3,160.22. However, the Shenzhen Component managed to stay in positive territory, gaining 15.91 points or 0.16% to trade at 9,811.85. The Australian ASX 200 also opened on a weaker note, reflecting the broader regional trend of risk-off sentiment amid global economic uncertainties.

Jan 13, 2025, 8:54 am IST

Stock Market Live Updates: US Markets End in Red for Second Consecutive Week

Wall Street closed lower on Friday as major indices extended their losing streak for the second straight week. The benchmark S&P 500 ended in negative territory.The Dow Jones Industrial Average dropped 1.63% to settle at 41,938.45, while the S&P 500 slipped 1.54% to 5,827.04. The tech-heavy Nasdaq Composite also fell 1.63%, closing at 19,161.63. Lingering concerns over interest rates, inflation, and economic growth continue to dampen market sentiment.

Jan 13, 2025, 8:47 am IST

Stock Market Live Updates: Markets at the Previous Close

Indian stock markets experienced a third consecutive day of volatility on Friday, closing lower for the third consecutive session. The benchmark indices, Nifty 50 and Sensex, both registered losses. The Nifty 50 index concluded the day at 23,431, down 95 points, while the Sensex slipped by 241.30 points (0.31%) to 77,378.91. This continued downward trend resulted in a cumulative drop of approximately 2% for both indices over the past week. Sectorally, a broad-based decline was observed, with most sectors ending the day in negative territory. Notably, the Power, PSU (Public Sector Undertakings), Realty, Healthcare, and PSU Bank sectors witnessed significant losses, each declining by around 2%. In contrast, the IT (Information Technology) sector bucked the trend and managed to close in positive territory.

Jan 13, 2025, 8:38 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