Stock Market Live: Nifty, Sensex Waver After Early Gains; ICICI Bank, Infosys Lead; Pharma Selloff Continues Sai Aravindh NDTV Profit

Stock Market Live: IndiGo, JSW Steel Among Big Earnings Today

Godrej Consumer Products Ltd., InterGlobe Aviation Ltd. and JSW Steel Ltd. are among the top names that will announce their earnings for the third quarter on Friday.

Read this story to know all the companies that will announce their third-quarter earnings today.

Stock Market Live: Gold Price Steady At Rs 79,980 — Check Rates Here

Gold price in India stood at Rs 79,980 per 10 grams as of 6:50 a.m. on Friday, according to the India Bullion Association. The price saw a marginal rise of Rs 40, compared to Thursday’s price.

Gold price cooled off after it rose by Rs 630 to a record high of Rs 82,700 per 10 grams in Delhi on Wednesday. This marks the sixth straight session of gains for the yellow metal.

Stock Market Live News: BoJ Raises Interest Rate To Highest Level Since 2008

The Bank of Japan raised its key policy rate Friday to the highest level in 17 years, as Governor Kazuo Ueda continues his mission to return to central bank orthodoxy.

Ueda and his fellow board members lifted the overnight call rate by a quarter-percentage point to 0.5% at the end of a two-day meeting, according to a statement from the central bank. The decision to hike was in line with market expectations. The BOJ said it will continue to raise rates if its economic outlook is realized.

(With inputs from Bloomberg)

Stock Market Live News: Syngene Shares Down On Lower FY25 Guidance

Syngene International Ltd.’s share price tanked 4% during early trade on Friday, after the company lowered its full-year revenue guidance due to unexpected delays in demand recovery.

Initially anticipated in the second half of the year, the recovery was postponed by eight to 12 weeks, prompting the company to project single-digit revenue growth, with flat profit for the year.

Syngene International’s share price declined 3.9% to Rs 847.95 apiece soon after market open. The benchmark NSE Nifty 50 was up 0.25%. The stock has risen 22% in the last 12 months. The relative strength index was at 39.

Stock Market Live News: Mankind Pharma Shares Fall As Q3 Profit Falls

Mankind Pharma Ltd.’s share price declined more than 5% during early trade on Friday after the company’s third-quarter results showed the consolidated net profit fell, missing analysts’ estimates.

The company posted a net profit of Rs 380.2 crore in the third quarter as compared to Rs 453.8 crore in the year-ago period, a fall of 16%. Analysts tracked by Bloomberg had estimated a net profit of Rs 470 crore.

Mankind Pharma’s share price declined 5.2% to Rs 2,564 apiece soon after market opened. The benchmark NSE Nifty 50 was up 0.25%.

Stock Market Live News: Sectors And Broader Market Performance

Seven out of the 12 sectors on the NSE advanced, with Nifty Metal and Nifty Oil and Gas gaining the most on Friday. Nifty Pharma and Media fell the most in trade.

The broader markets underperformed its larger peers, with the BSE MidCap slipping by 0.12% and the SmallCap falling by 0.20%.

Six out of the 20 sectors compiled by BSE declined, with BSE Healthcare declining the most.

The market breadth was skewed in favour of the sellers as 1,452 stocks declined, 1,436 advanced and 120 remained unchanged on the BSE.

Stock Market Live News: Top Gainers And Losers

ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Infosys Ltd. and PowerGrid Ltd. contributed to the advance on the Nifty 50.

Dr. Reddy’s Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Apollo Hospitals Enterprise Ltd., Maruti Suzuki Ltd., and Kotak Mahindra Bank Ltd. weighed on the benchmark index.

Opening Bell: Nifty, Sensex Open Higher

Indian benchmark indices opened higher on Friday, extending gains to day three led by gains heavyweights Reliance Industries Ltd. and ICICI Bank. The domestic gauges tracked Asian gains as the US President said he would push for lower interest rates.

In early trade, Nifty rose 0.31% to 23,277, while the 30-stock Sensex advanced 0.31% to 76,765.

However, the pre-open trade hinted at lower open. At pre-open, the S&P BSE Sensex Index was up 9.5 points, or 0.01%, at 76,414 while the NSE Nifty 50 was 27 points or 0.12% lower at 23,128.

After a positive opening, Nifty can find support at 23,100 followed by 23,000 and 22,800, according to Hardik Matalia, Derivative Analyst at Choice Broking. On the higher side, 23,300 can be an immediate resistance, followed by 23,400 and 23,500, Matalia said.

Stock Market Live News: Nifty, Sensex Fall In Pre-Market Trade

The Indian benchmark indices are poised to snap their two-day gains on Friday as the pre-market trade fell. At pre-open, the S&P BSE Sensex Index was down 65 points, or 0.08%, at 76,455 while the NSE Nifty 50 was 21 points or 0.09% lower at 23,183.

Stock Market Live News: Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.72%.
It closed at 6.73% on Thursday.

Source: Bloomberg

Stock Market Live News: Rupee Strengthens Sharply

Rupee strengthened by 18 paise to open at 86.28 against the US Dollar.
It closed at 86.46 on Thursday.

Source: Bloomberg

Stock Market Live News: Goldman Sachs On UltraTech

Retains a Buy rating on the stock and raises the target price to Rs 12,580 apiece from Rs 12,460.
Volume growth recovery and lower costs drive a margin beat.
Continues to favour UltraTech for its strong balance sheet, cost savings roadmap, timely capacity expansions, and better market price steering compared to competitors.
Highlights that these factors position the company well in a market likely to consolidate further.
Notes that execution on turning around India Cement and Kesoram will be key to watch.

Stock Market Live News: Citi on Zee Entertainment

Retains a Sell rating on the stock and lowers the target price to Rs 115 apiece from Rs 118.
Weak industry trends are expected to pressure both growth and margin expansion.
Continues to express concerns about the potential impact of cost-saving measures on revenues and competitive positioning.

Stock Market Live News: Investec On Adani Green Energy

Retains a Buy rating on the stock with a target price of Rs 2,515 apiece, implying a potential upside of 144%.
Continued capacity addition and consistent operational performance support growth momentum.
Profit After Tax was further boosted by lower interest costs and reduced tax expenses.
Signed a Power Purchase Agreement with the Maharashtra State Electricity Distribution Company Limited to supply 5 GW of solar power over a 25-year period.

Stock Market Live News: Jefferies on HPCL

Retains an Underperform rating on the stock and lowers the target price to Rs 295 apiece from earlier Rs 320.
Ebitda was 9% below estimates, primarily due to weakness in refining.
Marketing performance was in line, but losses in LPG widened.
LPG subsidy relief could provide upside to earnings.
Refining outlook is expected to improve in 2025, as refinery closures are likely to exceed demand growth.

Stock Market Live News: Dr. Agarwal’s Health Sets IPO Price Band

Eyecare services provider Dr. Agarwal’s Health Care Ltd. has set the price band for its initial public offering, due to launch next week. Investors can bid for the IPO in the range of Rs 382-402 per share, the company said in a public advertisement.

On the upper price band, Dr. Agarwal’s Health Care’s valuation comes at nearly Rs 12,700 crore.

The IPO will open for bidding on Jan. 29 and close on Jan. 31. The company will offer shares worth Rs 3,027.26 crore in the public issue.

Stock Market Live News: Trade Setup For Today

The Nifty 50 is expected to trade in a range on Friday, with key resistance at 23,400, according to analysts. Support for the index is seen at 22,980.

“The domestic benchmark index, Nifty, opened flat to negative, witnessed buying interest, and ultimately settled the day in positive territory at 23,205,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd.

“Technically, Nifty has respected the hammer’s support of 22,980 levels and formed a green candle, indicating strength. As long as the index holds above 22,980, the ongoing relief rally is likely to continue, with the index potentially attempting to test 23,400-23,550. Therefore, traders are advised to follow a ‘buy on dips’ strategy in the short term.”

Aditya Gaggar, director of Progressive Shares, said, “As noted yesterday, the positive divergence in the RSI worked well, but for a trend reversal to be confirmed, the index needs to break through the strong resistance level at 23,400. Meanwhile, 23,000 will continue to act as support.”

Stock Market Live News: Market Recap

The Indian benchmark indices extended their gains to day two on Thursday, led by UltraTech Cement Ltd. and information-technology stocks on positive earnings and optimism over Donald Trump’s AI policies.

The S&P BSE Sensex closed 115 points or 0.15% up at 76,520.38, while the NSE Nifty 50 was 50 points or 0.22% higher at 23,205.35. Intraday, the Nifty rose 0.5% to 23,270.80, and the S&P BSE Sensex advanced 0.44% to 76,743.54.

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively, on positive third-quarter earnings. Tech sentiments were also buoyed by Trump’s push to make the US an AI superpower by having fewer guardrails.

UltraTech Cement Ltd., Mahindra & Mahindra Ltd., Sun Pharmaceutical Industries Ltd., Infosys Ltd. and ITC Ltd., led the advance in the Nifty 50.

Reliance Industries Ltd., Kotak Mahindra Bank Ltd., State Bank of India, HCL Technologies Ltd. and Hindustan Unilever Ltd. weighed on the benchmark index.

Eight out of the 12 sectors on the NSE advanced, with Nifty IT and Nifty Media rising the most on Wednesday. The Nifty Oil & Gas fell the most in trade. The Oil & Gas index fell for the third day in a row.

Stock Market Live News: Earnings Post Market Hours

Sona BLW Precision Forgings Q3 Earnings (Cons, YoY)

Revenue up 11% at Rs 868 crore versus Rs 782 crore (Est: Rs 905 crore).
Ebitda up 0.4% at Rs 234 crore versus Rs 233 crore (Est: Rs 249 crore).
Margin up 280 bps at 27% versus 29.8% (Est: 27.5%).
Net profit up 13% at Rs 151 crore versus Rs 134 crore (Est: Rs 155 crore).

United Spirits Q3 Earnings (Cons, QoQ)

Revenue up 11.1% at Rs 3,433 crore versus Rs 3,002 crore
Ebitda up 16.9% at Rs 568 crore versus Rs 486 crore
Margin at 16.5% versus 16.2%
Net Profit down 4.3% at Rs 335 crore versus Rs 350 crore

Cyient Q3 Earnings (Cons, QoQ)

Revenue up 4.2% at Rs 1,926 crore versus Rs 1,849 crore.
EBIT down 8.4% at Rs 211 crore versus Rs 231 crore.
EBIT margin at 11% versus 12.5%.
Net profit down 31.7% at Rs 122 crore versus Rs 179 crore.

Amber Enterprises India Q3 Earnings (Cons, YoY)

Revenue up 65% at Rs 2,133 crore versus Rs 1,295 crore (Est: Rs 1,691 crore).
Ebitda at Rs 158.7 crore versus Rs 78.5 crore (Est: Rs 115 crore).
Margin at 7.4% versus 6.1% (Est: 6.8%).
Net profit at Rs 35.9 crore versus loss of Rs 48 lakh (Est: Rs 20 crore).

Spandana Sphoorty Financial Q3 Earnings (YoY)

Total income down 14.9% at Rs 529 crore versus Rs 622 crore.
Net loss at Rs 394 crore versus profit of Rs 118 crore.

Dr Reddy’s Laboratories Q3 (Cons, YoY)

Revenue up 15% at Rs 8,381 crore versus Rs 7,237 crore.
Ebitda up 12% at Rs 2,273 crore versus Rs 2,023 crore.
Margin at 27.1% versus 28%.
Net profit up 2% at Rs 1,414 crore versus Rs 1,381 crore.

Adani Green Energy Q3 Earnings (Cons, YoY)

Revenue up 2% at Rs 2,365 crore versus Rs 2,311 crore.
Ebitda at Rs 1,601 crore versus Rs 1,666 crore.
Margin at 67.7% versus 72.1%.
Net profit up 85% at Rs 474 crore versus Rs 256 crore.

Greaves Cotton Q3 Earnings (Cons, YoY)

Revenue up 13% at Rs 751 crore versus Rs 665 crore.
Ebitda up 12% at Rs 39.7 crore versus Rs 35.3 crore.
Margin at 5.28% versus 5.3%.
Net profit down 64% at Rs 21 crore versus Rs 58 crore.
Exceptional gain od Rs 6.17 crore versus gain of Rs 47.16 crore.

Thyrocare Technologies Q3 Earnings (Cons, YoY)

Revenue up 23% at Rs 166 crore versus Rs 135 crore.
Ebitda up 32% at Rs 41.8 crore versus Rs 31.6 crore.
Margin at 25.2% versus 23.4%.
Net profit up 24% at Rs 19.1 crore versus Rs 15.4 crore (Cons, YoY).

Kfin Technologies Q3 Earnings (Cons, YoY)

Revenue up 32% at Rs 290 crore versus Rs 219 crore.
Ebitda up 33% at Rs 131 crore versus Rs 98 crore.
Margin at 45% versus 44.8%.
Net profit up 35% at Rs 90.1 crore versus Rs 66.8 crore.

Hindustan Petroleum Corp Q3 Earnings (QoQ)

Revenue up 10.1% at Rs 1.10 lakh crore versus Rs 99,926 crore.
Ebitda at Rs 5,970 crore versus Rs 2,724 crore.
Margin at 5.4% versus 2.7%.
Net profit at Rs 3,023 crore versus Rs 631.2 crore.

V2 Retail Q3 Earnings (Cons, YoY)

Revenue up 58% at Rs 591 crore versus Rs 374 crore.
Ebitda up 83% at Rs 111 crore versus Rs 60.9 crore.
Ebitda margin at 18.9% versus 16.3%.
Net profit up 117% at Rs 51.2 crore versus Rs 23.6 crore.

Ujjivan Small Finance Bank Q3 (YoY)

NII up 3% at Rs 887 crore versus Rs 860 crore.
Net profit down 63.8% at Rs 109 crore versus Rs 300 crore.
Gross NPA at 2.68% versus 2.52% (QoQ).
Net NPA at 0.56% versus 0.56% (QoQ).

Plans to apply for universal banking license in Q4.

Indian Energy Exchange Q3 Earnings (Cons, YoY)

Revenue up 14% at Rs 132 crore versus Rs 115 crore.
Ebitda up 14% at Rs 113 crore versus Rs 98.8 crore.
Margin at 85.4% versus 85.7%.
Net profit up 31% at Rs 107 crore versus Rs 81.8 crore.

Tejas Networks Q3 Earnings (Cons, YoY)

Revenue at Rs 2,642 crore versus Rs 560 crore.
Ebitda at Rs 371.6 crore versus Ebitda loss of Rs 7.5 crore.
Margin at 14.1%.
Net profit at Rs 166 crore versus loss of Rs 44.9 crore.

Indus Towers Q3 Earnings (Cons, YoY)

Revenue at Rs 7,547 crore versus Rs 7,199 crore.
Ebitda at Rs 6,997 crore versus Rs 3,622 crore.
Ebitda margin expanded from 49.8% to 92.2%.
Net profit at Rs 4,003 crore versus Rs 1,540 crore.

Ebitda includes Rs 2,825 crore as allowances for doubtful receivables.

Mankind Pharma Q3 Earnings (Cons, YoY)

Revenue up 24% at Rs 3,230 crore versus Rs 2,607 crore (Est: Rs 3,180 crore).
Ebitda up 36% at Rs 830 crore versus Rs 607 crore (Est: Rs 837 crore).
Margin at 25.7% versus 23.3% (Est: 26.3%).
Net profit down 16.2% at Rs 380 crore versus Rs 454 crore (Est: Rs 470 crore).
Decrease in net profit was led by increase in finance cost of the company. The finance cost increased 24 times due to acquisition of BSV.

Mphasis Q3 Earnings (Cons, QoQ)

Revenue up 0.7% at Rs 3,561 crore versus Rs 3,536 crore.
EBIT up 0.2% at Rs 546 crore versus Rs 544 crore.
EBIT margin at 15.3% versus 15.4%.
Net profit up 1.1% at Rs 428 crore versus Rs 423 crore.

Nippon Life AMC Q3 Earnings (Cons, QoQ)

Revenue down 12.87% at Rs 603 crore versus Rs 692 crore.
Net profit was down 18.05% at Rs 295 crore versus Rs 360 crore.
India AUM stood at Rs 6.56 lakh crore.
Retail assets contributed 31% to AUM versus industry average of 27%.

Stock Market Live News: Ventura On Adani Power

Maintain Buy with a target price of Rs 806, implying a potential upside of 55%.
Enhanced coal availability and business expansion are fueling growth.
Committed to future growth through continued investments in thermal power capacity.
Strategically positioned with robust capacity expansion plans to address critical demand.
Manageable net debt of Rs 30,985 crore supports balance sheet strength.

Stock Market Live News: F&O Cues

Nifty January futures up by 0.29% to 23,267 at a premium of 62 points.
Nifty January futures open interest down by 3.18%.
Nifty Options Jan. 30 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000.
Securities in ban period: Aditya Birla Fashion and Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), L&T Finance, Manappuram Finance, Mahanagar Gas, and Punjab National Bank.

Stock Market Live News: IPO Offering Today

Denta Water And Infra Solutions: The Rs 220-crore initial public offering will enter its final day after being subscribed 50.63 times on day two. The offering is priced at a band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.

Market Live News: Stocks To Watch

Kotak Mahindra Bank: The lender completed acquisition of the personal loan book of Standard Chartered Bank for Rs 3,330 crore.
Adani Wilmar: The FMCG company commenced operations at an integrated food processing plant in Haryana, which is poised to generate 2,000 jobs through direct and indirect employment.
Patanjali Foods: The FSSAI has directed the company to recall a batch of chili powder due to non-conformance with food safety standards.
NHPC: The state-owned company has incorporated a joint venture with Andhra Pradesh Power Generation Corp for renewable energy projects.
Akums Drugs and Pharmaceuticals: No assessment order was received by the company in relation to the search conducted by the IT department at offices and plants between Jan. 15-21.
Infosys: The board of directors of the company’s arm approved a merger among units in-tech Holding, F&W APAC with in-tech.
Mazagon Dock Shipbuilders: The defence company clarified that no negotiations were held with the Indian Navy till date with regard to the P75(1) project, on reports stating that the company is likely to qualify for a Rs 70,000 crore submarine project.
Lloyds Engineering Works: The company entered into a memorandum of understanding with EMCO for land acquisition in Nagpur.
HG Infra Engineering: The company incorporated an arm in Uttar Pradesh for a project worth Rs 763 crore.
Aarti Industries: The company commenced production at its Dahej SEZ expanded facility in Gujarat.
VST Industries: The GST Department has initiated an inspection at the company’s factory and offices in Telangana. The company is fully cooperating by providing data and clarifications during the ongoing process.
Bondada Engineering: The company received a Rs 450 crore order for establishing a Hydra Renewable Energy plant in Assam.
Greenlam Industries: The laminate manufacturer commenced commercial production of chipboard at its Andhra Pradesh facility. The facility has potential to generate revenue up to Rs 50 crore annually, at full capacity utilisation.
Indus Towers: The mobile towers installation company plans to foray into the electric vehicle charging infrastructure sector.
Trident: The company entered into a pact for acquisition of entire stake in overseas arms Trident Global Inc & Trident Europe.

Stock Market Live News: GIFT Nifty Trades Above 23,300

Stocks in the Asia-Pacific region advanced on Friday tracking an overnight rally on Wall Street that pushed stocks to record highs. All eyes will be on the Bank of Japan, which is widely expected to raise interest rates today.

The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was up 16 or 0.07% at 23,309.5 as of 7:50 a.m.

Japan’s Nikkei was 207 points, or 0.52%, higher at 40,165, while Australia’s S&P ASX 200 was up 26 points, or 0.31%, at 8,404, as of 6:38 a.m. Futures contracts in China and Hong Kong pointed to gains.

Bank of Japan will deliver its interest rate decisions on Friday and is widely expected to raise its benchmark rate by the most in 18 years, according to Bloomberg. A 25 basis point increase would be the largest since February 2007.

Meanwhile, stocks in China will continue to be in focus after authorities rolled out a slew of measures to stabilise the stock market on Wednesday. The benchmark CSI 300 closed with gains of 0.18% in the previous session.

On the commodities front, crude oil prices fell after US President Donald Trump urged OPEC to lower crude prices, while pushing for interest-rate cuts. Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil”.

The Brent crude was trading 0.63% lower at $77.80 a barrel as of 6:50 a.m. IST, and the West Texas Intermediate was down 0.56% at $74.20.

Stocks on Wall Street surged to new highs driven by a late-day rebound in technology companies. The S&P 500 and the Dow Jones Industrial Average rose 0.53% and 0.92%, respectively. The tech-heavy Nasdaq Composite climbed 0.22%.

The largest cryptocurrency traded above the $103,000 mark. The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was down 0.11% at 108.04.