Stock Market Live Updates: Sensex Gains 200 Points, IndusInd Bank, Adani Ports Lead The Charge

The Indian stock market has shown positive momentum for the third day in a row, with the Sensex and Nifty50 indices both opening on a high note this Thursday. This upward trend is largely attributed to the encouraging US core inflation figures for December, which were below expectations and have sparked hopes for possible rate reductions by the Federal Reserve. Specifically, the Sensex climbed 431 points to reach 77,155, whereas the Nifty50 saw an increase of 123 points, landing at 23,336. This buoyant mood is mirrored across other Asian markets as well, indicating a region-wide optimism.

The optimism in the Indian stock market has been bolstered by favorable international economic indicators. The lower-than-anticipated core inflation data in the US for December has been a significant factor, suggesting that the Federal Reserve might consider reducing interest rates. This potential move has infused a sense of positivity among investors, spurring gains in both Sensex and Nifty50. As these major indices ascend, they reflect not only domestic confidence but also a broader Asian market uptrend.

In light of these developments, it's clear that the Indian stock market's performance is closely linked to global economic signals. The recent gains in the Sensex and Nifty50 highlight the market's sensitivity to international financial policies and economic indicators. With the Asian markets also experiencing growth, it underscores the interconnected nature of global economies and the impact of major economic policies across borders. This trend of positive market response to global economic news further emphasizes the global economic interdependence and its influence on market movements.

LIVE Feed

Jan 16, 2025, 1:26 pm IST

Punjab & Sind Bank Up 12% as Q3 PAT Skyrockets 147% Year-on-Year

Shares of Punjab & Sind Bank climbed by 12.2% to reach an intraday high of Rs 52 on the BSE after it posted Q3 earnings. This upward momentum came after the bank disclosed its financial results for the third quarter of fiscal year 2025, showcasing a significant leap in its performance. The bank's net profit experienced an impressive 147.4% year-on-year (YoY) growth, coupled with a 27% increase in net interest income (NII) when compared to the same period in the previous year.

Jan 16, 2025, 1:14 pm IST

Reliance Q3 Results Preview: EBITDA May Rise, Subdued Quarter Seen For O2C, Retail Biz; Share Price Reaction

Reliance Industries, the largest company in India in terms of market cap, is going to announce its Q3 results on January 16. Alongside, the behemoth will present Q3FY25 earnings of Reliance Jio and Reliance Retail as well. Ahead of earnings, on Thursday, Reliance stock price traded higher. In the Q3FY25, Reliance's consolidated EBITDA is expected to record modest gains, however, performance is seen subdued in O2C business and retail segment. The telecom business is expected to see healthy growth.

Jan 16, 2025, 12:49 pm IST

HDFC Life In Focus: Co Achieves 15% Profit Growth in Q3 2024

HDFC Life has recently announced its financial results for the third quarter of 2024, showcasing a commendable profit increase of 15%. This growth points towards the company's robust operational efficiency and its ability to maintain a strong position in the competitive insurance market. With such impressive financial health, HDFC Life continues to be a significant player in the industry. The insurance giant’s performance is a testament to its strategic initiatives and customer-centric approach, which have been pivotal in driving this upward trend. By focusing on innovative products and services tailored to meet the evolving needs of its clients, HDFC Life has successfully expanded its customer base and enhanced its market share.

Jan 16, 2025, 12:21 pm IST

Paytm Surges 8%, Emkay Upgrades Stock to Buy with Rs 1,050 Target!

One97 Communications, the holding entity behind the popular mobile payment app Paytm, witnessed a share price surge of up to 8%, reaching Rs 926.95. This increase came in the wake of a positive evaluation from Emkay Global, a brokerage firm that revised its stance on the company’s shares from 'add' to 'buy'. The commendation included a target price of Rs 1,050, suggesting that the stock could see over a 13% uptick from its present valuation. The upgrade by Emkay Global to a 'buy' status reflects a growing confidence in Paytm’s market performance, predicting a significant rise in its share value. This recommendation has evidently buoyed investor sentiment, propelling the stock to gain notably during Thursday's trading session.

Jan 16, 2025, 12:02 pm IST

Azad Engineering shares rally over 9% after Rs 960 crore supply deal with US-based firm

Shares of Azad Engineering saw an impressive surge, climbing more than 9%, following the announcement of a significant supply agreement worth Rs 960 crore with a firm based in the United States. This major deal has sparked considerable interest among investors, leading to a notable uptick in the company's stock market performance. The agreement underscores Azad Engineering's expanding international footprint and its capability to secure substantial contracts on the global stage, reflecting positively on its growth trajectory and financial health.

Jan 16, 2025, 11:53 am IST

Big Jump In India gold Rates Today; 24K Gold Now Rs.10,900 Costlier in 4 Days

Gold prices in India have seen a significant increase today, making the precious metal more expensive for buyers. This marks the third price hike this week alone, pushing the cost of gold up by Rs. 10,900 per 100 grams. The sharp rise in prices can be due to the ongoing wedding season in India, which has sparked higher demand for gold. Additionally, international market trends are influencing domestic gold rates, contributing to the upward movement in prices.

Jan 16, 2025, 11:18 am IST

Strategic Alliance: Refex Green Mobility to Acquire 2,997 EVs from Gensol!

Refex eVeelz is set to take over nearly Rs 315 crore of Gensol Engineering's existing loan facility. This partnership marks a pivotal step in bolstering the presence and operations of electric four-wheelers (e4Ws) in India. By assuming this financial responsibility, Refex eVeelz is not only streamlining operations but also setting the stage for an expanded deployment of e4Ws in several key markets. The collaboration between Gensol Engineering and Refex Green Mobility, which involves the transfer of 2,997 e4Ws, is poised to make a substantial impact in cities such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune. These areas, where Refex eVeelz already has operations, are expected to see a significant boost in the availability and use of electric vehicles as a result of this strategic initiative. This move is seen as a forward-thinking approach to addressing the growing demand for environmentally friendly transportation options in urban landscapes.

Jan 16, 2025, 10:56 am IST

IRFC Expands Horizons: New Lease Agreement with NTPC Signed!

The Indian Railway Finance Corporation (IRFC) recently finalized a leasing deal with NTPC, involving eight BOBR rakes with a total value of Rs 250 crore as part of the initial phase. This move comes after IRFC's Board green-lit a plan to finance 20 BOBR rakes, which were acquired through the Indian Railways' General Purpose Wagon Investment Scheme (GPWIS). The agreement, which was reached in October 2024, allows NTPC to lease these rakes for up to Rs 700 crore on a finance lease arrangement. This strategic partnership marks a significant step in leveraging the synergy between India's railway finance and energy sectors, enhancing operational efficiency and reinforcing the infrastructure capabilities of both organizations.

Jan 16, 2025, 10:42 am IST

Major Earnings Reports Today: Reliance, Infosys, Axis Bank & More!

On January 16, a diverse array of companies from various sectors will unveil their quarterly financial results. This extensive list includes notable names such as Reliance Industries, Infosys, and Axis Bank, alongside other significant entities like LTIMindtree, Alok Industries, and Havells India. The disclosures are anticipated to offer insights into the financial health and operational performance of these firms during the quarter. Additionally, the lineup for the earnings announcement includes companies across different industries, such as Bhansali Engineering Polymers, D B Corp, and Hatsun Agro Product.

Jan 16, 2025, 10:33 am IST

CEAT's Q3 Disappointment: Shares Plummet Over 7%

The third-quarter results of CEAT, a key player in the tire manufacturing sector, have led to a notable downturn in its stock performance, with a decline of over 7%. This sudden drop has caught the attention of investors and market analysts alike, highlighting concerns over the company's recent financial health. The financial figures disclosed by CEAT are at the heart of the investor's dismay, revealing not just a momentary hiccup but potentially deeper challenges within the company. The market's reaction was swift, as evidenced by the sharp fall in shares, which reflects growing apprehensions about CEAT's ability to maintain its growth trajectory amidst competitive and operational pressures.

Jan 16, 2025, 10:17 am IST

Kaushalya Logistics Expands Reach with New Ambuja Cement Depots in Haryana

Kaushalya Logistics has recently broadened its operational scope by inaugurating new depots for Ambuja Cement in Haryana. This strategic move is aimed at enhancing the distribution and accessibility of Ambuja Cement's products across the region. By establishing these new depots, Kaushalya Logistics intends to streamline the supply chain process, ensuring that retailers and end consumers in Haryana receive a steady and reliable supply of cement for their construction needs. Ambuja Cement's shares were up over 3 percent at Rs 537.05.

Jan 16, 2025, 10:02 am IST

Stock Market Live Updates: Adani Stocks In Focus: Hindenburg, Whose Report Caused One Of The Biggest Market Rout, Is Shutting Down

The US-based short seller Hindenburg, whose one research report against billionaire Gautam Adani caused one of the biggest market rout in India, has announced to shut down its operations. The announcement of disband was made by Hindenburg's founder Nate Anderson on January 15. Gautam Adani's conglomerate came under the radar of the Supreme Court after Hindburg's staggering report dated January 24, 2023, on the group with various allegations. The short seller's report resulted in one of the most breathtaking market routs to the tune of more than 0 billion, and hence Sebi's investigation.

Jan 16, 2025, 9:04 am IST

Stock Market Live Updates: US Markets Surge

US markets rebounded sharply on Thursday, with all three major indices closing in the green, marking the best single-day performance since November 6 as per reports. The Dow Jones Industrial Average (DJIA) rallied 703.27 points, or 1.65%, to finish at 43,221.55, driven by strong performances in financial and tech stocks. The Nasdaq Composite snapped its five-day losing streak, soaring 466.84 points, or 2.45%, to close at 19,511.23, fueled by a recovery in major tech companies. Meanwhile, the S&P 500 gained 107 points, or 1.83%, ending the session at 5,949.91. The market rally was driven by easing concerns over inflation and hopes for a soft landing for the economy, with investors taking comfort in positive economic data and strong corporate earnings.

Jan 16, 2025, 9:03 am IST

Stock Market Live Updates: Asian Markets Trade Higher, Tracking Wall Street Gains

Asian markets opened on a positive note, taking cues from Wall Street's strong performance overnight. Major indices across the region are trading higher, with gains seen in key markets. The Shanghai Composite rose 10.15 points to 3,237.27, up 0.31%, while Japan’s Nikkei added 107.38 points to 38,551.96, up 0.28%. Hong Kong’s Hang Seng Index (HSI) gained 171.88 points to 19,457.95, climbing 0.89%, and the Shenzhen Component advanced 25.8 points to 10,085.93, up 0.26%. South Korea’s KOSPI is leading the rally with a gain of 1.22%, rising 30.51 points to 2,527.32. Meanwhile, Australia’s ASX 200 surged 114 points to 8,327.3, up 1.39%, reflecting strong investor sentiment across the region.

Jan 16, 2025, 8:47 am IST

Stock Market Live Updates: Markets End in Green for Second Consecutive Session

Indian benchmark indices continued their upward momentum, closing higher for the second straight session At the close of the trading session, the Sensex gained 224.45 points or 0.29% to settle at 76,724.08, while the Nifty advanced by 37.15 points or 0.16% to close at 23,213.20. The positive sentiment across global markets further supported the recovery in domestic equities after a recent sharp sell-off. On January 15 ,Investors showed renewed interest in IT and metal stocks, which have been under pressure in recent weeks. Power and realty sectors also saw robust buying activity, contributing to the market's gains.

Jan 16, 2025, 8:46 am IST

Stock Market Live Updates Welcome to the Stock Market Live Blog

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!