Stock Market Live: Nifty Gains Over 150 Points, Sensex Jumps 0.5%; ONGC, Titan Top Gainers, Zomato Sinks Shubhayan Bhattacharya NDTV Profit

Mobikwik Share Price Up Ahead Of Results

One Mobikwik Systems Ltd. share price is trading higher by 2.3% ahead of its third quarter results due today. This will be the company’s first such announcement since listing in December.

Sensex Today: Index Up 0.4% At 11 AM

The BSE Sensex is up 300 points or 0.4% at 78,270 as of 11:00 a.m.

Nifty Today: Index Up 0.5% At 11 AM

The Nifty 50 is up 120 points or 0.55% at 23,740 as of 11:00 a.m.

Stock Market Live News: Nifty IT Down 

The Nifty IT index is down 0.16%, compared to the benchmark Nifty trading 0.54% higher. Tata Consultancy Services Ltd., Tech Mahindra Ltd. and HCLTech Ltd. counters are down over 1%.

TCS will announce its third quarter results on Thursday.

L&T Share Price News: Large Order Win In India, Middle East

The power transmission and distribution vertical of Larsen & Toubro Ltd. has won new orders in India and the Middle East. It has categorised the order as ‘large’, which is Rs 2,500 to 5,000 crore.

Buzzing Stocks: Kalyan Jewellers Share Price Update

Kalyan Jewellers India Ltd.’s share price surged nearly 5% after it released its third quarter update, which showed year-on-year consolidated revenue growth of approximately 39% in the December quarter. However, the stock slipped into losses soon after that.

“Our India operations witnessed revenue growth of approximately 41% during Q3 FY2025 as compared to Q3 FY2024, led by very strong festive and wedding demand across both gold and studded categories,” an exchange filing by the company said. It added, that the company reported same-store-sales-growth of around 24%.

The share price then declined by 10:25 a.m.

TCS Share Price News: Stock Down Over 1%

Tata Consultancy Services Ltd. share price is down 1.4% as of 10:20 a.m. at Rs 4,038.7 apiece. The IT major is set to announce its third quarter earnings on Thursday.

Stock Market News Live: Volatility Dips

Volatility in stocks as measured by the India VIX dropped 5% to 14.86. During Monday’s session, the VIX had jumped as high as 17% amid a broad selloff.

Titan Share Price News: Investors Cheer Q3 Business Updates

Titan stock rose over 3% to Rs 3,576.7 apiece in early trade after the company registered a growth of 24% year-on-year in the third quarter of financial year 2025.

The jewellery segment of the company saw the most growth with 26% year-on-year growth. There were 26 store addititions, pushing the total number of stores to 749 as of December 2024. The business updates were released on Monday.

Adani Group Stocks: Adani Power Leads Rally

All Adani Group companies rallied in early trade on Tuesday. The top gainer in the pack was Adani Power Ltd., followed by Adani Energy Solutions Ltd. and Adani Green Energy Ltd.

The flagship Adani Enterprises Ltd. was trading 1.1% higher as of 10:05 a.m. after arm Adani Petrochem incorporated its joint venture Valor Petrochem. The other partner is Indorama Resources. This marks the conglomerate’s entry into petrochemical sector.

Zomato Share Price News: Jefferies Downgrade Hits Stock

Zomato share price fell as much as 4.95% to Rs 251.75. This comes after the stock was downgraded by Jefferies to ‘hold’ as it revised the target lower, citing increasing competition as a threat to profitability.

Analysts at Jefferies expect a year of consolidation for the stock after it doubled in value in 2024, it said in a note on Jan. 6. Although valuations appear reasonable considering Zomato’s strong execution and growth opportunities, Jefferies is “worried on the rise in quick commerce competition.”

Jefferies set a target price of Rs 275 per share from Rs 335 apiece earlier, implying an upside of 1% from the previous close.

Stock Market Live Updates: Indo Farm Shares Lists At 20% Premium

Shares of Indo Farm Equipment Ltd. debuted on the BSE at Rs 258.40 per share, marking a premium of 20.19% over the issue price of Rs 215. The stock listed on the National Stock Exchange at Rs 256 apiece, at a premium of 19.07%.

Indo Farm Equipment’s IPO, which closed on Jan. 2, was subscribed 229.68 times, with demand led by non-institutional investors.

Read story here.

Stock Market Live Updates: Broader Markets Outperform Nifty, Sensex

While the benchmarks are doing well, investors are also pouring capital into the mid and small cap space.

The Nifty Midcap 150 gained as much as 1.26% to 21,142 while the Nifty Smallcap 250 jumped 1.45% to 17,708.

Stock Market Live: Most Steel Stocks Rise

Stocks of steel companies rose in early trade on Tuesday after the government launched the second round of production-linked incentive scheme for Specialty Steel, termed as PLI Scheme 1.1.

The PLI Scheme 1.1 will enable further participation as industry participants requested ministry for relaxation. The scheme will be implemented from financial year 2025-26 to fiscal 2030.

Stock Market Live: Nifty Oil & Gas Sole Sectoral Upset

Nifty Oil & Gas index is up 1.74% in early trade. The top gainers are Oil India Ltd., ONGC, Indian Oil Corp., Gail India Ltd. and Hindustan Petroleum Corp.

Stock Market Live: Nifty Media Sole Sectoral Upset

All but one of the 12 sectoral indices of the NSE are trading in green. Nifty Media is down 0.4%.

Stock Market Live: Nifty Gains Over 100 Points, Sensex Jumps 0.5%

Indian benchmark indices opened higher on Tuesday after a big selloff in the previous session.

The NSE Nifty 50 rose 0.67%, or 158 points, to 23,774.15.

The BSE Sensex gained 422 points, or 0.54%, to 78,387.61.

On the Nifty, ICICI Bank Ltd. and Reliance Industries Ltd. contributed the most to the point increase.

Stock In Focus: CLSA Upgrades ONGC

CLSA has upgraded Oil and Natural Gas Corp. from “Outperform” to “High Conviction Outperform” and raised its target price to Rs 360, up from Rs 330, implying an upside potential of 41.2%. The brokerage highlighted the recent production ramp-up at KG-98, which boosts confidence in the company’s ability to meet its targets.

CLSA also anticipates increased gas price realizations to reflect in third quarter results, while the removal of the windfall tax will allow ONGC to earn higher crude realizations. Consequently, EPS estimates for FY25-27 have been revised upwards by 2%-8%. Additionally, ONGC’s stock is trading at a significant discount to the peer average, further supporting the upgrade.

Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.74%. It closed at 6.75% on Monday.

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

Rupee strengthened 4 paise to open at 85.78 against the dollar, according to Bloomberg data. It closed at 85.82 on Monday.

The Indian rupee had declined to a fresh low against the US dollar during the day on Monday, as the demand for the greenback persisted. The Indian unit had declined by 4 paise to a record low of 85.82 a dollar within one hour of the session.

Read story here.

Stock Market Live: What F&O Cues Indicate

• Nifty January futures down by 1.5% to 23,730 at a premium of 114 points.

• Nifty January futures open interest down by 1.34%.

• Nifty Options Jan. 9 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 21,850. 

• Securities in ban period: Hindustan Copper, Manappuram Finance, RBL Bank.

GIFT Nifty Above 23,800

The GIFT Nifty was trading above 23,800 early Tuesday. The futures contract based on the benchmark Nifty 50 was up 0.29% or 70 points higher at 23,811 as of 8:23 a.m.

Stock In Focus: Kalyan Jewellers Q3 Business Update

Kalyan Jewellers Ltd. reported a strong third quarter performance with consolidated revenue growth of approximately 39% year-on-year. India operations saw a revenue increase of around 41% YoY, driven by healthy same-store sales growth of about 24%.

During the quarter, the company launched 24 Kalyan showrooms in India and witnessed a 22% YoY revenue growth in the Middle East. Looking ahead, the company plans to expand its footprint with the launch of 75 Kalyan showrooms in non-South India, 15 Kalyan showrooms across South India, and international markets. Additionally, it aims to open 80 Candere showrooms across India.

Stock In Focus: Indo Farm Equipment Listing Day

Shares of Indo Farm Equipment Ltd. will debut on stock exchanges on Tuesday at an issue price of Rs 215 per share. The Rs 260-crore IPO was subscribed 229.68 times as non-institutional investors led demand, with their portion booked 503.83 times.

The portion for institutional investors was subscribed 242.40 times, while the retail portion was subscribed 104.92 times.

IPOs Today: Quadrant Future Tek Opens, Standard Glass Lining Enters Day Two

• Standard Glass Lining Technology: The public issue was subscribed 13 times on day one. The bids were led by non-institutional investors (24.4 times), retail investors (14.2 times), and qualified institutional investors (1.8 times).

• Quadrant Future Tek: The IPO opens today and closes on Jan. 9. The IPO has a price band of Rs 275 to Rs 290 and minimum lot size of 50. The company raised Rs 131 crore via anchor book allocation.

India Macro Data Today: FY25 GDP Advance Estimates

The government will release the first advance estimate of GDP growth for the financial year 2025 at 4:00 p.m. on Tuesday.

A Bloomberg poll of economists estimates the country’s GDP to rise 6.4% in fiscal 2025. Growth for the fiscal is projected at 6.6% by the Reserve Bank of India.

Read the full story here.

Stocks To Watch Today: Bajaj Finserv, Tata Motors, M&M, Titagarh Rail And More

Bajaj Finserv Ltd., Tata Motors Ltd. and Mahindra & Mahindra Ltd. are among the companies that are set to be in focus on Tuesday.

Key updates from these companies, including financial performance, production figures and strategic agreements, are expected to drive market sentiment.

• Bajaj Finserv: The company reported a general insurance premium of Rs 1,331 crore for December 2024. Meanwhile, total life insurance premium for the month stood at Rs 1,055 crore.

• Tata Motors: Production stood at 1.33 lakh units in the third quarter, slightly lower than the 1.35 lakh units produced in the year-ago period. However, sales rose to 1.39 lakh units compared to 1.38 lakh units in the same period last year.

• Mahindra & Mahindra: The company reported a 20% increase in total production, reaching 53,361 units in comparison to 44,495 units in the same period last year. Total sales saw a 14% rise, amounting to 66,676 units compared to 58,369 units YoY.

Read story here.

Stocks To Watch: BPCL, Indraprastha Gas, Gail In Focus

Bharat Petroleum Corp’s board has granted in-principle approval for the listing of its joint venture, Maharashtra Natural Gas Ltd . The JV, a key player in the city gas distribution sector, is co-owned by Indraprastha Gas Ltd. (50%), BPCL (22.5%), GAIL India Ltd. (22.5%), and the Maharashtra government (5%).

MNGL is the authorized city gas distributor in Pune.

Citi Research sees the listing as a significant value-unlocking event, particularly for IGL, with its contribution to the target estimated at Rs 45 per share. The potential listing could also unlock value for GAIL’s unlisted city gas distribution investments.

Stocks To Watch: Zomato Gets A Jefferies Downgrade

Jefferies has downgraded Zomato to a “Hold” from “Buy” and revised its target price to Rs 275, down from Rs 335, indicating just a 1% upside potential.

The brokerage expects Zomato to experience a year of consolidation, citing strong execution but cautious near-term growth. Valuations are not seen as excessively expensive in the context of the company’s execution, but Jefferies has sharply cut its EBITDA forecast for Blinkit over FY26-27.

The delivery platform is expected to face profitability challenges, leading to a significant reduction in its target multiple for Blinkit, which has been halved to 6 times.

Read full story here.

Currency Check: Dollar Steady

The US dollar trimmed losses as President-elect Donald Trump said his tariff plan won’t be scaled back. Here’s how the greenback is stacked against major currencies.

• The Dollar Index up 0.09% at 108.34

• The euro down 0.07% to $1.0383

• The British pound flat at $1.2521

• The Japanese yen down 0.39% to 157.23 per dollar

US Market Update: S&P 500, Dow Jones Futures Little Changed

A rally in the world’s largest tech companies lifted US equities at the start of the first full trading week in 2025. A gauge of the “Magnificent Seven” megacaps climbed 2%. Wall Street favourite Nvidia Corp. hit a record high.

The S&P 500 rose 0.6% to 5,975.4. The Nasdaq Composite added 1.24% to close at 19,864.98. The Dow Jones Industrial Average was little changed at 42,706.56.

In the futures segment, S&P 500 and Dow Jones were trading flat as of 7:30 a.m. IST.

The yield on 10-year US Treasury bond rose two basis points to 4.62%.

Key global events today:

• Eurozone CPI, unemployment, Tuesday

• US job openings, trade, ISM services, Tuesday

• Fed’s Thomas Barkin speaks, Tuesday

GIFT Nifty Below 23,800 After Monday’s Selloff

The GIFT Nifty was trading below 23,800 early Tuesday. The futures contract based on the benchmark Nifty 50 was up 0.13% or 31.5 points higher at 23,772.50 as of 7:02 a.m.

A day prior, the Nifty 50 and Sensex ended lower for a second consecutive session amid a broader selloff in Indian equities sparked by high volatility and loss of investor confidence. Tata Steel Ltd. and Trent Ltd. were top loser in the Nifty on Monday.

The Nifty 50 ended 389 points or 1.62% down at 23,616, and the Sensex ended 1,258 points or 1.59% down at 77,965. The is the sharpest decline in the two benchmarks since Oct. 3, 2024.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 rose 0.67%, while Sensex jumped 0.54%. ONGC, Titan, TCS, Apollo Hospitals and Zomato are some of the most buzzing stocks.  Read MoreMarkets, Business, Notifications 

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