Stock Market Today: Axis On Sagility India 

  • Initiate at Buy with a target price with Rs 60, which implied an upside of 20%

  • Sagility stands out for its steady growth at 12% USD revenue CAGR over FY18-24 and superior margin profile

  • Although High client concentration remains a risk

  • Helathcare has a larger target addressable market

  • Valuations are at 17x Mar’27E EV/EBITDA

Stock Market Today: JSW Steel Gets GST Demand Worth Rs 3.7 Crore 

JSW Steel Ltd. has received a GST demand of Rs 3.7 crore, including interest and penalty, as per an exchange filing.

Stock Market Today: ITC Share Price In Spotlight To Qualify For ITC Hotels Shares Ahead Of Ex-Demerger

ITC Ltd. is in the spotlight on Friday as it marks the last trading day for investors to qualify for receiving shares of ITC Hotels Ltd. as the stock will go ex-demerger on Jan. 6. The record date will determine the eligible shareholders who will receive shares in ITC Hotels, the newly separated entity.

Stock Market Live Updates: KPI Green Energy To Develop Solar Power Projects With Cumulative Capacity Of 32.15MW 

KPI Green Energy’s arm has received a Letter of Award (LoA) for the development of solar power projects with a cumulative capacity of 32.15 MW under the CPP segment, according to an exchange filing.

Stock Market Today: Yes Bank Business Update (YoY)

  • Loans & advances as of Dec 31 increased by 12.6% to Rs 2.45 lakh crore compared to Rs 2.18 lakh crore.

  • Deposits as of Dec 31 grew by 14.6% to Rs 2.77 lakh crore compared to Rs 2.42 lakh crore.

  • CASA as of Dec 31 increased by 27.6% to Rs 91,575 crore compared to Rs 71,749 crore.

  • CASA ratio as of Dec 31 was 33% compared to 29.7%.

Source: Exchange filing

Stock Market Live: Adani Ports & SEZ’s Cargo Volumes Rises 8% In December. 

Adani Ports & Special Economic Zone Ltd. has reported that its December cargo volumes increasing by 8% year-on-year to 38.4 million metric tonn. Additionally, December container volumes grew by 22%, while liquids and gas volumes saw a 7% increase, as per an exchange filing.

Stock Market Today: Western Carriers Gets Work Rs 139 Crore

Western Carriers (India) Ltd. has received a work order worth Rs 139 crore from Vedanta for material handling, according to an exchange filing.

DMart Share Price Jumps To Nearly Two-Month High Post Business Update 

Avenue Supermarts Ltd. share price hit 10% upper circuit and rose to nearly two-month high as its revenue from operations surged 18% to Rs 15,565.2 crore in the quarter ended December. As of 9:32 a.m., DMart share price remained locked in 10%.

Nifty, Sensex Fall After Muted Open As HDFC Bank, Infosys Share Prices Drag

The NSE Nifty 50 and BSE Sensex declined shortly after a muted open tracking losses in shares of HDFC Bank Ltd. and Infosys Ltd. As of 9:16 a.m., the Nifty 50 was trading 39.05 points or 0.16% down at 24,149.60, and the Sensex was 112.02 points or 0.14% down at 79,831.69.

“On the downside, the 24,000 level remains a crucial support zone; a breach of this level could trigger extended selling towards the 23,800–23,600 range. Conversely, on the upside, immediate resistance is observed at 24,300, with the 24,500 level acting as a significant hurdle. Given the current market setup, traders are advised to start buying on dips as long as the index holds above 24,000, with 23,800 as a stop-loss on a closing basis to manage risks effectively,” said Hardik Matalia, a derivative analyst at Choice Broking.

HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Hero MotoCorp Ltd. weighed on the Nifty 50 index.

Oil and Natural Gas Corp Ltd., Mahindra & Mahindra Ltd., HCLTech Ltd., Trent Ltd. and JSW Steel Ltd. added to the Nifty 50 index.

On NSE, six sectors advanced, four declined, and two remained flat out of 12. The NSE IT was the worst performing sector during open, while the NSE Nifty Media the best performing sector.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.26% and 0.48% higher, respectively.

On BSE, 16 sectors advanced, and five declined out of 21. The BSE Oil and Gas rose the most, and the BSE Focused IT declined the most.

Market breadth was skewed in favour of buyers. Around 1,992 advanced, 719 stocks declined, and 120 remained unchanged on BSE.

Stock Market Live Update: Nifty, Sensex Trade Flat At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 7.75 points or 0.03% higher at 24,196.40. The BSE Sensex was 129.28 points or 0.16% higher at 80,072.99.

Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.80%. It closed at 6.79% on Thursday, according to data on Bloomberg.

Rupee Opens Weaker Against US Dollar

Rupee weakened by 5 paise to open at 85.80 against the US Dollar. It closed at 85.75 on Thursday, according to data on Bloomberg.

Oil Price Update: Futures Prices Hovering Over Two-Month High

Oil future prices were hovering around two-month high in Asia session Friday as supply outlook worries rise on diminishing US stock piles. As of 8:30 a.m., the February future contract was trading 0.43% higher at $76.06 a barrel as of 8:41 a.m.

Stock Market Today: CLSA On India Strategy

  • Forecast muted Nifty returns in 2025

  • This is because of the near term growth slowdown in India with elevated valuations

  • Add Tata motors, NTPC, Nestle and Britannia to CLSA India focus portfolio

  • Remove: HDFC bank and cut overweight in Banks

  • Sectoral overweight: Commodity, Insurance

Sectoral underweights: IT, Healthcare, discretionary, industrials

Stock Market Today: Morgan Stanley Maintains Equalweight On Petronet LNG

  • Morgan Stanley maintains EQUALWEIGHT on Petronet LNG at Rs 400 target, which implied a 22% upside

  • Expect share price to rise over next 15 days

  • Concerns on regulatory intervention are overdone

  • Near term triggers: Normalisation of Asian LNG prices, potential to expand by 5 MTPA, growth in Indian LNG demand

  • Stock at attractive valuations, with volume clarity expected for FY26 and FY25

Nuvama States 2025 Could Be Challenging

  • Expect profit pain to persist; earnings cut are likely

  • Govt spending may lead a near-term spurt; but credit/export recovery is needed

  • Export recovery in 2025 still uncertain; downgrade IT to Neutral on rich valuations

  • Margins levers exhausted in FMCG sector

  • Key variables for Indian markets: Trade wars, Fed, China and macro policy

What’s In Nuvama’s Portfolio:

Key Overweight: Pvt banks, insurance, pharma, telecom, cement, consumer, chemicals

Key Underweights: Industrials, power, metals, energy, autos, PSU banks, NBFCs

Note: Nuvama has more conviction on its Underweights vs Overweight

Stock Market Live: NHPC Gets Order Worth Rs 250 Crore 

NHPC has received order worth Rs 250 crore under the Mega Insurance Policy for the Teesta-V power station loss, as per an exchange filing.

Citi Research On Avenue Supermarts 

  • Maintains Sell rating with a target price of Rs 3,500, which implied a 3.1% downside.

  • Growth rate accelerates partly led by store expansion

  • Watch out for margin trajectory

  • Revenue per store saw 2.7% five-year CAGR

  • Remains cautious due to increasing competitive intensity from quick commerce

  • Believes throughput continues to be impacted due to adverse product mix, store additions in smaller towns, increasing competitive intensity from quick commerce

Asia Market Update: Share Indices Rise

Share indices in Asia-Pacific rose on Frida bucking the trend from Wall Street as market participants monitor the unfolding political turmoil in South Korea. Markets in Japan are closed for holiday.

The KOSPI and S&P ASX 200 were trading 1.77% and 0.49% higher, respectively as of 7:17 a.m.

US Market Update: Stock Gauges End First Session Of The Year Lower 

Major stock gauges on the Wall Street ended the first session of the year lower, and extended losses to a fifth day. The Dow Jones Industrial Average and S&P 500 ended 0.36% and 0.22% down, respectively. The Nasdaq Composite ended 0.16% down.

GIFT Nifty Near 24,200; Hindustan Zinc, Varun Beverages, NHPC Share Prices In Focus

The GIFT Nifty was trading near 24,200 in early trade on Friday. Shares of Hindustan Zinc Ltd., Varun Beverages Ltd., and NHPC Ltd. may react during Friday’s session.

The GIFT Nifty was trading 0.18% or 43 points higher at 24,193.00 as of 6:49 a.m.

The Indian benchmarks closed higher for the second consecutive day on Thursday and recorded their best sessions since Nov. 22. Both the equity indices saw their highest closing since Dec. 18.

The NSE Nifty 50 closed 445.75 points or 1.88% up at 24,188.65 and the BSE Sensex ended 1,436.30 points or 1.83% higher at 79,943.71.

. Read more on Markets by NDTV Profit.Financial Services and information technology shares weighed on the Nifty 50. Catch live updates on Indian stock market here on Jan 3.  Read MoreMarkets, Business, Notifications 

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