Stock Market Live: Laxmi Dental Shares Lists At 23% Premium

Shares of Laxmi Dental Ltd. debuted on the National Stock Exchange at Rs 529 per share, marking a premium of 23.6% over the issue price of Rs 428. The stock listed on the BSE at Rs 528 apiece, at a premium of 23.4%.

The Rs 698.1-crore initial public offering was subscribed 114.42 times on its third and final day on Jan. 15. The three-day IPO consisted of a fresh issue of Rs 138 crore and an offer for sale of Rs 560.1 crore, according to the red herring prospectus.

Stock Market Live: Wipro Shares Soar After Q3 Results 

Share price of IT major Wipro Ltd. surged over 8% on Monday, after the company’s net profit and revenue rose in the third quarter of fiscal 2025.

For the quarter ended Dec. 31, 2024, Wipro’s revenue came in at Rs 22,319 crore, slightly above analyst estimates of Rs 22,218 crore, showing a marginal increase of 0.1%, compared to the previous quarter.

The company’s net profit rose 4% quarter-on-quarter at Rs 3,354 crore, which also exceeded market expectations of Rs 3,057.4 crore.

Most brokerages maintained their rating on the shares of Wipro Ltd., given the margin growth and improving demand commentary.

The scrip rose as much as 8.32% to Rs 305.40 apiece. It pared gains to trade 7.25% higher at Rs 302.40 apiece, as of 09:37 a.m. This compares to a flat NSE Nifty 50.

It has risen 26.54% in the last 12 months. Total traded volume so far in the day stood at 15 times its 30-day average. The relative strength index was at 54.

Out of 45 analysts tracking the company, 12 maintain a ‘buy’ rating, 14 recommend a ‘hold’ and 19 suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies a downside of 3.9%.

Stock Market Live: Wipro Ratings Maintained On Positive Demand Outlook

Most brokerages maintained their rating on the shares of Wipro Ltd., after the IT firm reported third quarter results that beat market expectations, with margin growth and improving demand commentary. 

Wipro’s growth was mainly driven by execution rigor and continued demand uptick in Capco. The company posted revenue growth in the upper end of the guided range, which was stemmed by the pickup in demand environment and deal pipeline, noted IDBI Capital Equity Research. 

The brokerage maintained its ‘hold’ rating on the stock, as it expects the company to perform well in the long run. It values the stock at target price of Rs 299 per share by rolling in FY27. 

Nirmal Bang also reiterated its ‘hold’ rating on Wipro and maintained the valuation multiple of 21.3 times on Dec’26E EPS of 14.4 per share, to get the target price of Rs 306.

Stock Market Live: Kotak Bank Shares Jump 9% As Q3 Result Spark Upgrades

Kotak Mahindra Bank Ltd. share price surged nearly 9% during early trade on Monday after the lender reported better than expected business growth and stable margin in the third quarter of fiscal 2025, leading to ratings upgrade from analysts.

The lender’s standalone net profit rose by 10% year-on-year to Rs 3,305 crore in the quarter ended Dec. 31, 2024, slightly below the consensus estimate of Rs 3,338 crore of analysts tracked by Bloomberg. The profit rise was limited due to a sharp climb in provisions, which rose 37% on-year to Rs 794.1 crore during the quarter.

Given its performance in October-December, with higher common equity tier-I and strong liquidity coverage ratio, the bank is better positioned to face the current environment, said Nuvama Institutional Equities.

The brokerage has upgraded the stock to ‘buy’ from ‘reduce’ and its target price by 26% to Rs 2,040 per share, as it sees Kotak Mahindra Bank offering both growth and quality.

Kotak Mahindra Bank share price surged 8.8% to Rs 1,913 soon after market open, the highest since Oct. 16. The benchmark Nifty 50 was flat.

The stock has risen 5.6% in the last 12 months. The relative strength index was at 66.

Thirty-five out of the 44 analysts tracking Kotak Mahindra Bank have a ‘buy’ rating on the stock, four recommend a ‘hold’ and five suggest a ‘sell’, according to Bloomberg data. The average of 12-month analyst price target of Rs 2,051 implies a potential upside of 8.5%.

Stock Market Live: Sectors And Broader Market Performance 

Nine out of the 12 sectors on the NSE advanced, with Nifty Media, Nifty Realty rising the most on Monday. Nifty Metal and Auto fell the most in early trade.

The broader markets underperformed the larger peers, with the BSE MidCap falling by 0.10% and the SmallCap rising 0.11%.

Eleven out of the 20 sectors compiled by BSE advanced, with Bankex and Consumer Durables climbing the most.

The market breadth was skewed in favour of the buyers as 1,743 stocks advanced, 1,288 declined and 164 remained unchanged on the BSE.

Stock Market Live: Top Movers On The Nifty 50 Index

Shares of Kotak Mahindra Bank Ltd., Reliance Industries Ltd., Wipro Ltd., Bharti Airtel Ltd. and State Bank of India led gains in Nifty.

ICICI Bank Ltd., HDFC Bank Ltd., SBI Life Ltd., Infosys Ltd. and Tata Motors Ltd. weighed on the index.

Opening Bell: Nifty, Sensex Open Higher

Indian benchmark indices opened higher on Monday taking positive cues from its Asian peers as traders gear up for Donald Trump’s swearing-in as the 47th US president.

At pre-open, the S&P BSE Sensex Index was up 359 points, or 0.47%, at 76,978.5 while the NSE Nifty 50 was 87.2 points, or 0.38%, at 23,290.4.

Though the 23,000 region diffused a massive bearish plunge, the technical structure of the recovery wave that had been in the making all through last week appears dismantled, according to Anand James, Chief Market Strategist, Geojit Financial Services. “While we continue to view 23370/90 as the level to beat, 23550-640 objectives continue to appear possible.”

Stock Market Live: Sensex, Nifty Rise In Pre-Market Trade

At pre-open, the S&P BSE Sensex Index was up 359 points, or 0.47%, at 76,978.5 while the NSE Nifty 50 was 87.2 points, or 0.38%, at 23,290.4.

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

  • The yield on the 10-year bond opened flat at 6.76%.

  • It closed at 6.76% on Friday.

Source: Bloomberg

Stock Market Live: Rupee Opens Stronger Against US Dollar

  • Rupee Strengthened by 14 paise to open at 86.47 against the US Dollar.

  • It closed at 86.61 on Friday.

Source: Bloomberg

Stock Market Live: Indian IT Sector Outlook

  • Third-quarter earnings show modest improvement in discretionary spending, muted deal total contract value and flat margins.

  • Defensive positioning in Indian IT has driven NSEIT’s valuation premium to 15-year highs, ~50% above Nifty.

  • Consensus earnings still face downside risks, with high valuations not fully pricing in potential challenges.

  • Maintain a cautious view on Indian IT.

  • Retain ‘underweight’ on Indian IT in the India strategy context.

Stock Market Live: Indian Stocks Sentiment Moves To ‘Extreme Bearish’ Ahead Of Key Events 

Indian stock market’s bull-bear index has moved to ‘extreme bearish’ ahead of key macroeconomic events and are poised for a “relief rally within a larger correction,” according to CLSA.

After a 12% fall in the Nifty in less than four months, the CLSA India Bull Bear Index has moved from extreme bullish to extreme bearish, it said in a note on Monday. “Such extreme bearish sentiment has typically preceded a market rally.”

The market has low expectations going into the coming macro-heavy three-week period. The beginning of Donald Trump’s presidency, the 2025 budget and the first policy meeting under the new Reserve Bank of India’s head are key monitorable for CLSA.

The policies by Trump during his initial days will hint at how disruptive it may end up being for global trade, geopolitics, the US dollar, etc. “This will set the tone for flows into emerging markets like India,” it said.

The brokerage said that the market may only see a relief rally within a larger correction. It maintained its defensive, low beta and mega-cap positioning of its India focus portfolio.

The recent peak in September 2024 coincided with an extremely bullish signal amid the primary market frenzy and China awakening, CLSA said.

As of last week, the benchmark Nifty 50 saw its worst start to a year since 2016, with a fall of 4.83% in the first nine sessions. Since its life-high last year, the gauge has fallen by 11.5%. The small-cap benchmark—NSE Small Cap 250—has tumbled over 6.40% in the first nine sessions in 2025, the highest in any year.

Analysts at CLSA see the bearish sentiment as a silver lining. The market is going into important macro events with light sentiment, which equates to low expectations build-up, it said. “Historically, such weak sentiment has acted as a good signal for at least an interim low followed by an up-move.”

Fears of trade disruptions, a further rise in Indian bond yields, a weakening rupee, risks of earnings cuts, a slower normalisation of domestic growth and limited valuation hints that the upside will only be a relief rally, CLSA said.

Stock Market Live: Asian Stocks Hint At Positive Open For India

Asia-Pacific stocks powered ahead taking cues from a positive Wall Street close as traders brace for Donald Trump’s swearing-in as the 47th US president.

Australia’s S&P/ASX 200 was higher by 0.28%, or 24 points, to 8,222 as of 8:12 a.m. Japan’s Nikkei was up 488 points, or 1.27% at 38,940. China’s CSI 300 rose 1.96%.

The optimistic conversation between Donald Trump and Chinese leader Xi Jinping also set the tone for a positive start to trading. Further, TikTok restored service in the US as Trump announced he would extend a deadline to sell the company.

The executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders upon taking office. 

The World Economic Forum kicks off in Davos, Switzerland, on Monday drawing heads of state, central bankers, and business leaders to discuss pressing global issues.

Additionally, China is set to release its loan prime rates, and Japan will publish data on its tertiary index, machinery orders, and industrial production. The rate will likely be on hold for a third straight month, according to Bloomberg Intelligence.

Bitcoin traded above the $100,000 mark. The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.10% down at 109.23. The Bloomberg gauge of the greenback has risen over 5% in the 10 weeks since Election Day.

Meanwhile, the US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.

The ceasefire in the Gaza war began taking hold as Hamas released three hostages in exchange for 90 Palestinians held in Israeli prisons. The Brent crude was trading 0.16% higher at $80.92 a barrel as of 7:00 a.m. IST, and the West Texas Intermediate was up 0.15% at $78.00. 

Stock Market News Live: Earnings In Focus Today

The third-quarter earnings season picks up pace, with major firms like Zomato Ltd., One 97 Communications Ltd., L&T Finance Ltd., and Oberoi Realty Ltd. set to announce their results on Monday.

As per the BSE calendar, a total of 37 companies are expected to announce their third-quarter results on Jan. 20.

AGI Greenpac, APL Apollo Tubes, Central Bank Of India, Dixon Technologies (India), IDBI Bank, Indostar Capital Finance, Indian Overseas Bank, Indian Railway Finance Corporation, ICICI Securities, Jammu & Kashmir Bank will announce their results on Monday.

Other companies include L&T Finance, Multi Commodity Exchange Of India, Mangalore Refinery & Petrochemicals, Newgen Software Technologies, Raghav Productivity Enhancers, Sunteck Realty, Supreme Industries, Vidhi Specialty Food Ingredients.

Stock Market News Live: F&O Cues For Monday

  • Nifty January futures down by 0.5% to 23,261 at a premium of 58 points.

  • Nifty January futures open interest up by 3.94%

  • Nifty Options Jan. 16 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000

  • Securities in ban period: AARTI Industries, Aditya Birla Fashion and retail, Angle One, Bandhan Bank, Can Fin Homes Ltd, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manappuram Finance.

Stock Market News Live: Primary Markets Watch  

IPO Offerings

  • Stallion India Fluorochemicals Ltd.: The public issue was subscribed to 32.12 times on Day 2. The QIBs bid at 0.31 times, non-institutional investors’ bidding was at 77.08 times, retail individual investors’ bidding was at 31.03 times.

Listings

  • Laxmi Dental: The company’s shares will debut on the stock exchanges on Monday at an issue price of Rs 428 apiece. The Rs 698.1-crore IPO was subscribed 114.42 times on its final day, led by demand from non-institutional investors.

Stock Market News Live: Earnings Post Market Hours

Tech Mahindra Q3FY25 (Consolidated QoQ)

  • Revenue down 0.2% at Rs 13,286 crore versus Rs 13,313 crore (Bloomberg estimate at Rs 13,319 crore).

  • Ebit up 5.4% at Rs 1,350 crore vs Rs 1,280 crore (Bloomberg estimate at Rs 1,325 crore).

  • Margin at 10.2% versus 9.6% (Bloomberg estimate at 9.9%).

  • Net profit down 21.4% at Rs 983 crore versus Rs 1,250 crore (Bloomberg estimate at Rs 1,061 crore).

 Wipro 3QFY25 (Consolidated QoQ)

  • Revenue up 0.1% at Rs 22,319 crore versus Rs 22,302 crore (Bloomberg estimate at Rs 22,218 crore)

  • Ebit up 6.4% at Rs 3,906 crore versus Rs 3,672 crore (Bloomberg estimate at Rs 3,627 crore)

  • Margin at 17.5% versus 16.5% (Bloomberg estimate at 16.3%)

  • Net profit up 4.6% at Rs 3,354 crore versus Rs 3,208 crore (Bloomberg estimate at Rs 3,061 crore)

Kotak Mahindra Bank Q3FY25 (Standalone, YoY)

  • Net profit up 10% at Rs 3,305 crore versus Rs 3,005 crore

  • NII up 10% at Rs 7,196 crore versus Rs 6,554 crore 

  • Net NPA at 0.41% versus 0.43% (QoQ) 

  • Gross NPA at 1.50% versus 1.49% (QoQ)

RBL Bank Q3FY25 (Standalone, YoY)

  • Net Profit down 86% at Rs 32.6 crore versus 233 crore

  • NII up 3% at Rs 1,585 crore versus Rs 1,546 crore

  • Net NPA at 0.53% versus 0.79% (QoQ) 

  • Gross NPA at 2.92% versus 2.88% (QoQ) 

Indian Hotels Co. 3QFY25 (Consolidated YoY)

  • Revenue up 29% at Rs 2,533 crore versus Rs 1,964 crore

  • Ebitda up 31.3% at Rs 962 crore versus Rs 733 crore

  • Ebitda margin at 38% versus 37.3%

  • Net profit up 32.6% at Rs 633 crore versus Rs 477 crore

 Ramkrishna Forgings Q3FY25 (Consolidated YoY)

  • Revenue up 7.9% at Rs 1,074 crore versus Rs 996 crore

  • Ebita up 5.4% at Rs 232 crore versus Rs 220 crore

  • Ebita margin at 21.6% versus 22.1%

  • Net profit up 14.7% at Rs 99.6 crore versus Rs 86.9 crore

 Rallis India Q3FY25 (Consolidated YoY)

  • Revenue down 12.71% at Rs 522 crore versus Rs 598 crore

  • Ebita down 27.9% at Rs 44 crore versus Rs 61 crore

  • Margin down at 8.4% vs 10.2%

  • Net profit down 54.2% at Rs 11 crore versus Rs 24 crore

 Jio Financial Services 3QFY25 (Consolidated YoY)

  • Revenue up 8.3% at Rs 449 crore versus Rs 414 crore

  • Net profit flat at Rs 295 crore

 Supreme Petrochem Q3FY25 (YoY)

  • Revenue up 18.3% at Rs 1,405 crore versus Rs 1,189 crore

  • Ebita up 4.6% at Rs 99.2 crore versus Rs 94.8 crore

  • Ebita margin at 7.1% versus 8%

  • Net profit up 5.5% at Rs 71.4 crore versus Rs 67.7 crore

 ICICI Lombard General Insurance Co. Q3FY25

  • Net Premium Income up 17.2% at Rs 5,045 crore versus Rs 4,305 crore (YoY)

  • Solvency ratio at 2.36% versus 2.65% (QoQ)

  • Net profit up 67.9% at Rs 724 crore versus Rs 432 crore (YoY)

Netweb Technologies (Consolidated, QoQ)

  • Revenue up 33% at Rs 334 crore versus Rs 251 crore

  • EBIT up 23.1% at Rs 40.8 crore versus Rs 33 crore

  • EBIT margin at 12.2% versus 13.2%

  • Net profit up 17.9% at Rs 30.3 crore versus Rs 25.7 crore

Avantel (Consolidated, YoY)

  • Revenue up 19.2% at Rs70.7 cr vs Rs59.3 crore

  • Ebitda up 31% at Rs 32.1 crore versus Rs 24.4 crore

  • Margin at 45.3% versus 41.2%

  • Net profit up 23% at Rs 20.1 crore versus Rs 16.3 crore

Stock Market News Live: Friday’s Trade Recap 

The NSE Nifty 50 and BSE Sensex extended its fall to the second consecutive week with HCL Technologies Ltd. and Infosys Ltd. as the top losers for the week. IT was among the worst performing with Nifty IT falling nearly 6% in the week that comprised of third quarter earnings.

The NSE Nifty 50 and BSE Sensex snapped three-day gaining streak on Friday to close lower ahead of Tech Mahindra Ltd. and Wipro Ltd.’s third-quarter results. The Nifty 50 ended 108.60 points or 0.47% lower at 23,203.20, and the Sensex ended 423.49 points or 0.55% lower at 76,619.33.

Foreign portfolio investors stayed net sellers of Indian equities for the eleventh straight session on Friday and sold stocks worth Rs 3,318.1 crore.

Domestic institutional investors have been buyers for 22 consecutive sessions and bought stocks worth Rs 2,572.9 crore, according to provisional data from the National Stock Exchange.

Indian rupee weakened by 7 paise to close at 86.61 against the US Dollar.

Market News Live: Stocks To Watch Today

  • Wipro: The IT giant posted an increase in net profit of 4.6% at Rs 3,354 crore compared to the previous quarter’s Rs 3,208 crore. The firm’s revenue shot up 0.1% at Rs 22,319 crore compared to Rs 22,302 crore in the year-ago period.

  • ICICI Lombard General Insurance Co.: The insurance company’s net premium income was up 17.2% at Rs 5,045 crore (year-on-year) compared to the previous fiscal’s Rs 4,305 crore. ICICI Lombard’s solvency ratio was up 2.36% from the previous quarter’s 2.65%.

  • Tech Mahindra: In the third quarter, Tech Mahindra’s net profit was down 21.4% at Rs 983 crore compared to the previous quarter’s Rs 1,250 crore.

  • Indian Hotels Co.: The firm announced its consolidated year-on-year, third-quarter earnings on Friday. In the third quarter, Indian Hotels Company’s net profit was up 32.6% at Rs 633 crore compared to the previous quarter’s Rs 477 crore.

  • Adani Energy Solutions: Adani Electricity signed an agreement with Adani Properties to acquire Superheights Infraspace for Rs 475 crore. Superheights Infraspace holds the development rights for 3,000 square meters of prime land in Bandra Kurla Complex, Mumbai.

  • DLF: The NCLT Chandigarh Bench has approved the merger of seven wholly owned subsidiary companies.

  • Minda Corporation: The company has finalized the acquisition of a 49% equity stake in Flash Electronics Pvt.

  • Ashapura Minechem: The company’s overseas subsidiary has entered into a long-term Memorandum of Understanding with China Railway to jointly develop the Fako bauxite deposit located in Guinea.

  • Bank of India: The bank is set to deliberate on a proposal to raise funds via the issuance of long-term infrastructure bonds at its meeting scheduled for Jan. 23, 2025.

Stock Market News Live: GIFT Nifty Trades Above At 23,200

Stocks in the Asia-Pacific region powered ahead taking cues from a positive Wall Street close as traders brace for a flurry of policies Donald Trump will announce after swearing-in as the 47th US president.

The GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 11.5 or 0.05%, at 23,287 as of 7:22 a.m.

Australia’s S&P/ASX 200 opened higher with the benchmark index advancing by 0.42%, or 35 points, to 8,345 as of 6:45 a.m. Japan’s Nikkei was up 533 points, or 1.39% at 38,952.

The executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders upon taking office. 

The World Economic Forum kicks off in Davos, Switzerland, on Monday drawing heads of state, central bankers, and business leaders to discuss pressing global issues.

The US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.

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