Stock Market Live Updates: Market Recovers Losses; Sensex Above 78,200, Nifty Regains 23,700

Indian stock market recovered losses and is trading marginally higher. After falling by at least 1% each, Sensex and Nifty 50 are trading above 78,200 and 23,700 levels. Sharp buying in ITC, Reliance Industries, Asian Paints, TCS, and Bajaj Finserv lifted the performance.

Gift Nifty futures this morning are trading slightly higher at 23,778, up by 0.35% since the previous close. Muted start for the markets is expected due to the overnight declines in the US markets, which mirrored the negative sentiments seen across Asian markets earlier.

At the previous close, the Sensex gained 234.12 points or 0.30%, settling at 78,199.11, while the Nifty rose by 91.85 points or 0.39%, closing at 23,707.90

Most sectoral indices ended the session in the green, indicating broad-based buying across sectors. However, some pockets of weakness were seen in IT and metal stocks, with the IT index declining by 0.6% and Nifty Metal falling by 0.68% during the session.

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Jan 08, 2025, 2:54 pm IST

ITC Share Price Rally

After trading lower, ITC stock pulled up to trade at Rs 451.40 apiece, up by 2.34% contributing heavily in market's upside performance.

Jan 08, 2025, 1:59 pm IST

Mahindra Reveals Prices for BE 6 and XEV 9e Electric SUVs

Mahindra has announced the prices for the top-end variants of its electric-origin SUVs – the BE 6 and XEV 9e. The BE 6 Pack Three is priced at Rs 26.9 lakh, while the XEV 9e Pack Three is set at Rs 30.5 lakh. Phased test drives are scheduled to begin on January 14, 2025, with bookings for both models opening on February 14, 2025. Deliveries are expected to start in early March 2025.

Jan 08, 2025, 1:43 pm IST

Mankind Pharma Pledges 56.31% Stake in Bharat Serums & Vaccines

Mankind Pharma has pledged the remaining 56.31% of its shares in its subsidiary, Bharat Serums & Vaccines, to Catalyst Trusteeship. This pledge is made as a Common Security Trustee for the benefit of the holders of the company's non-convertible debentures (NCDs).

Jan 08, 2025, 1:26 pm IST

Voltamp Transformers Secures Rs 41 Crore Order from Adani Power

Voltamp Transformers has secured a purchase order worth Rs 41 crore (exclusive of GST) from Adani Power and its wholly owned subsidiary, Mahan Energen Limited. The order is for the supply of various ratings of distribution transformers.

Jan 08, 2025, 12:53 pm IST

SEBI Issues Warning to Ola Electric Mobility for Violation of Disclosure Rules

Ola Electric Mobility has received an administrative warning letter from SEBI for breaching disclosure regulations. The warning stems from the company’s failure to disclose its plans for a four-fold expansion of its store network through the stock exchanges before promoting the information via social media by Bhavish Aggarwal, the Chairman and Managing Director. SEBI noted that the delay in disclosing the information on the stock exchanges violated regulations requiring timely and transparent dissemination of material information to all investors.

Jan 08, 2025, 12:53 pm IST

Jindal Worldwide Announces Bonus Share Issue in 4:1 Ratio

Jindal Worldwide's Board has approved the issuance of bonus shares, offering 4 bonus equity shares for every 1 existing fully paid-up equity share of Rs 1 each held by eligible shareholders as of the record date.

Jan 08, 2025, 11:59 am IST

Dr Reddy's Laboratories to Sell Membership Interests in Subsidiary

Dr Reddy’s Laboratories Inc, USA, has entered into an agreement to sell all issued membership interests in its wholly owned subsidiary, Dr Reddy’s Laboratories Louisiana LLC (DRLL), including the DRLL manufacturing facility in Shreveport, Louisiana, for a nominal amount of 1 US dollar. As a result of the transaction, DRLL will no longer be a wholly owned subsidiary of Dr Reddy’s Laboratories Inc., nor a step-down subsidiary of Dr Reddy’s Laboratories.

Jan 08, 2025, 11:52 am IST

Tata Technologies Partners with Telechips to Drive Next-Gen Vehicle Innovation

Tata Technologies has signed a strategic Memorandum of Understanding (MoU) with Telechips, a leading automotive semiconductor solutions provider, to co-develop cutting-edge solutions for next-generation software-defined vehicles (SDVs). The partnership aims to advance platforms for Advanced Driver Assistance Systems (ADAS), Automotive Cockpit domain controllers, and Central & Zonal gateway controllers, enabling OEMs to tackle software-hardware integration challenges and accelerate time-to-market.

Jan 08, 2025, 11:31 am IST

WPIL’s Gruppo Aturia Acquires Full Stake in Misa Italy

WPIL's European arm, Gruppo Aturia, has completed the acquisition of 100% shareholding in Misa Italy. Specializing in large pumping station projects and the supply of pumps and hydro turbines, Misa Italy adds significant expertise to WPIL's portfolio.

Jan 08, 2025, 11:30 am IST

Mahindra Launches Advanced EV Manufacturing and Battery Facility in Chakan

Mahindra has inaugurated a cutting-edge manufacturing and battery assembly facility at its Chakan plant. This state-of-the-art ecosystem is exclusively designed for the production of Electric Origin SUVs, reflecting the company’s commitment to advancing electric mobility.

Jan 08, 2025, 11:12 am IST

Puravankara Names Deepak Rastogi as Group CFO, Effective January 15

Real estate major Puravankara has announced the appointment of Deepak Rastogi as its Group Chief Financial Officer (CFO), with his tenure commencing on January 15, 2025.

Jan 08, 2025, 10:00 am IST

Stock market Live Updates: KEC International wins New Orders of Rs. 1,136 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,136 crores across its various businesses. The business has secured an order for a 765 kV Transmission line project in India, from Power Grid. The business has secured a significant order in the prestigious Train Collision Avoidance System (TCAS) segment under ‘Kavach’ in India.

Jan 08, 2025, 9:59 am IST

Sensex and nifty today

By 10 am, the Sensex had fallen by 113.02 points (0.14%) to 78,086.09, while the Nifty50 dropped by 43.00 points (0.18%), standing at 23,664.90.

Jan 08, 2025, 9:25 am IST

Stock Market Live Update: Rupee Vs Dollar

Indian Rupee Opens Slightly Higher at 85.83 Up by 0.04% since previous close

Jan 08, 2025, 8:52 am IST

Stock Market Live Update: Asian Markets Slide Amid Global Weakness

Asian markets opened on a mixed note, with most indices in the region trading lower following overnight losses on Wall Street. Japan's Nikkei 225 slipped 0.35%, closing at 39,942.95, as investor sentiment remained subdued. Hong Kong's Hang Seng Index saw a sharper decline, falling 1.25% amid persistent selling pressure. In China, the Shanghai Composite dropped 1.06%. Despite the broader regional downturn, South Korea's Kospi index bucked the trend and gained 1.24%, driven by strong performances in the technology sector. Meanwhile, Australia's S&P/ASX 200 rose by 0.74%, supported by gains in mining and financial stocks.

Jan 08, 2025, 8:47 am IST

Stock Market Live Update: Wall Street Takes a Hit on Economic Signals

US equity markets faced a sharp sell-off on Tuesday as stronger-than-expected economic data raised fresh concerns about the Federal Reserve's approach to future interest rate cuts. The unexpected economic resilience sparked worries that the Fed may adopt a more cautious approach to easing monetary policy, weighing heavily on investor sentiment. The Dow Jones Industrial Average closed 0.42% lower at 42,528.36. The S&P 500 recorded a steeper decline of 1.11%, while the tech-heavy Nasdaq Composite plunged by 375.30 points to finish at 19,489.68.

Jan 08, 2025, 8:37 am IST

Markets in the Previous Close

Benchmark indices ended in green at the last trading session buoyed by positive cues from the US markets. The BSE Sensex gained 234.12 points, or 0.30%, to close at 78,199.11. Similarly, the Nifty 50 rose by 76.90 points, or 0.33%, to end the session at 23,700. Broad-based buying was observed across most sectors, with several indices closing in the green. However, the IT index declined by 0.6%, while the Nifty Metal index saw a drop of 0.68%, reflecting some pockets of weakness within the market. Among the top gainers were ONGC, which surged by 3.79%, followed by Tata Motors, Adani Enterprises, and SBI Life Insurance. On the other hand, TCS, HCL Tech, and Eicher Motors were among the top laggards for the day, weighing on the indices.

Jan 08, 2025, 8:35 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