Stock Market Live News: JPMorgan On Oberoi Realty

  • Upgrades the stock to ‘overweight’ from ‘neutral’ and raises the target price to Rs 2,350 apiece from Rs 1,760, implying a significant upside.

  • Expects margins over the next two years to benefit from luxury pricing, late-stage inventory, and a progressive ramp-up of the rental business over the next 12 months.

  • Highlights the strong performance of the Thane project launch as a key driver, noting that the slowdown in luxury sales is likely tactical.

  • Observes slower operating cash flow due to business development costs but notes that the net debt-to-equity ratio remains comfortable at 0.1x.

  • Reports increased occupancy across office assets and forecasts high annuity growth over the next two years.

Stock Market Live News: Sectors And Broader Market Performance

Six out of the 12 sectors on the NSE declined, with Nifty FMCG and Nifty Pharma rising the most on Wednesday. Nifty Realty and Metal fell the most in trade.

The broader markets underperformed its larger peers, with the BSE MidCap plunging by 0.70% and the SmallCap falling by 1.04%.

Seven out of the 20 sectors compiled by BSE advanced, with Metal and Realty falling the most.

The market breadth was skewed in favour of the sellers as 1,738 stocks advanced, 990 advanced and 112 remained unchanged on the BSE.

Stock Market Live News: Top Gainers And Losers 

Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., ITC, and Larsen & Toubro Ltd. contributed to the gains on Nifty 50.

Trent Ltd., State Bank of India, Tata Motors Ltd., Bharat Electronics Ltd., and PowerGrid Ltd. weighed on the benchmark index.

Opening Bell: Nifty, Sensex Open Higher

Indian benchmark indices opened higher on Wednesday led by Infosys Ltd. and HDFC Bank Ltd. — a day after uncertainties around US President Donald Trump’s trade tariffs triggered a fall to June levels.

In early trade, Nifty rose 0.28% to 23,086 while the 30-stock Sensex rose 0.29% to 76,036. At pre-open, the S&P BSE Sensex Index was up 276 points, or 0.36%, at 76,114 while the NSE Nifty 50 was 74.5 points or 0.32% higher at 23,099.

The NSE Nifty 50 is likely to trade with a bearish bias as the index struggles to recover after breaking below the key psychological support level of 23,000 in Tuesday’s session, according to analysts.  

Analysts peg immediate support at 22,800, which aligns with the long-term trendline, while resistance is seen at 23,140. Sustained selling pressure and global uncertainties can weigh on market sentiment.

Stock Market Live News: Antique Broking On Oberoi Realty

  • Retains a ‘buy’ rating on the stock and revises the target price to Rs 2,593 apiece from Rs 2,826, implying a potential upside of 39.6%.

  • Attributes sales uptick to the Thane project launch, while sustenance sales remain weak.

  • Revises sales booking estimates for fiscal years 2025, 2026, and 2027 downward by 10%, 5%, and 11%, respectively.

  • Notes that the fundraising is expected to support near-term business development with a gross development value of Rs 40,000 crore.

  • Highlights strong cash flow visibility from the company’s ready inventory.

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

At pre-open, the S&P BSE Sensex Index was up 276 points, or 0.36%, at 76,114 while the NSE Nifty 50 was 74.5 points or 0.32% higher at 23,099.

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

  • The yield on the 10-year bond opened flat at 6.74%.

  • It closed at 6.73% on Friday.

Source: Bloomberg

Stock Market Live News: Rupee Opens Stronger

  • Rupee strengthened by 2 paise to open at 86.56 against the US Dollar.

  • It closed at 86.58 on Tuesday.

Source: Bloomberg

Stock Market Live News: Nuvama on Indiamart Intermesh

  • Retains a ‘reduce’ rating on the stock and lowers the target price to Rs 1,970 apiece from Rs 2,500.

  • Highlights a surprising decline in paid subscribers reported by the company.

  • Notes that margins remained elevated due to reduced investments.

  • Points to elevated churn in the silver category, despite consistent efforts over the last six quarters.

  • States that meaningful improvement in subscriber retention is yet to be observed.

Stock Market Live News: Brokerages On ICICI Prudential

Macquarie

  • Retains a ‘neutral’ rating on the stock with a target price of Rs 725 apiece.

  • Observes continued disappointment in value of new business growth.

  • Cites higher unit-linked insurance plan contributions, declining savings, and rising costs as factors affecting margins.

  • Identifies downside risks to value of new business estimates for fiscal year ending March 2025.

Goldman Sachs

  • Retains a ‘neutral’ rating on the stock and reduces the target price to Rs 650 apiece from the earlier Rs 665.

  • Notes that third-quarter results were in line with expectations, with annualized premium equivalent growth driven by unit-linked insurance plans.

  • Highlights strong annualized premium equivalent growth but at the expense of margins.

  • Attributes margin decline to a shift in the mix towards lower-margin unit-linked insurance plans and group funds businesses.

Stock Market Live News: Citi On Tata Technologies

  • Retains a ‘sell’ rating on the stock and reduces the target price to Rs 765 apiece from the earlier Rs 835 per share.

  • Highlights a revenue miss, although margins remain largely in line with expectations.

  • Notes near-term challenges stemming from delays in decision-making processes in the United States.

  • Cites weakening consumer demand and rising competition from China as concerns for the European market.

  • Believes near-term concerns are likely to weigh on the company’s growth trajectory.

Stock Market Live News: Morgan Stanley On Reliance Industries

  • Retains an ‘overweight’ rating on the stock and lowers the target price to Rs 1,606 apiece from the earlier Rs 1,662.

  • Anticipates key investor debates to transition from traditional energy to new energy and from retail to powering artificial intelligence.

  • Predicts new energy initiatives to support RIL’s generative AI infrastructure within the next two years.

  • Expects new energy to emerge as a significant driver of earnings and valuation multiples.

  • Notes current investor focus remains on refining and retail, both of which have demonstrated demand improvement.

Stock Market Live News: Incred on Food Delivery

  • Initiate coverage with an ‘Add’ rating and a target price of Rs 270.

  • Initiate coverage with an ‘Add’ rating and a target price of Rs 540.

  • Imagining the blue-sky scenario indicates a significant growth potential for monthly transacting users.

  • The large market opportunity and food delivery profitability are expected to drive quick commerce expansion.

  • Scale and platform advantages are supported by structural growth drivers.

  • The quick commerce opportunity is ample to accommodate multiple players.

  • The profitable food delivery segment could provide financial support for the growth of the quick commerce business.

  • Advertising revenue monetization is likely to enhance the take rate.

Market Live News: Stocks To Watch 

  • Jio Financial Services: The company and BlackRock further subscribed to Rs 5.85 crore shares of JV Jio BlackRock Asset Management for Rs 117 crore.

  • Medplus Health Services: The company’s arm gets three suspension orders of drug licence for store situated in Karnataka.

  • Neuland Laboratories: The company’s board approved capital expenditure of Rs 342 crore in two facilities.

  • JK Tyre Industries: The company received a $100 million sustainability-linked loan from International Finance Corp. The funding includes $30 million for the company and up to $70 million for its arm Cavendish Industries.

  • Centum Electronics: The company further invested up to €2 million in Centum T&S Group SA via its arm.

  • HCL Technologies: The company launched a 5,000-people delivery centre in Hyderabad.

  • Tanla Platforms: The company approved the sale of a 100% stake in arm Gamooga Softtech to another arm, Karix Mobile.

  • Vodafone Idea: The company received GST demand order worth Rs 8.9 crore, including interest, from the Mumbai government.

  • Zydus Lifesciences: The company’s arm received a demand order with a penalty of Rs 16.6 lakh for fiscal 2018-19 on an issue about alleged excess availment of ITC.

  • Vedanta: Unit Balco received a GST demand order of Rs 22 lakh, including interest, from the Delhi government.

Stock Market Live News: IPO Offering Today

Denta Water And Infra Solutions: The Rs 220-crore initial public offering will open for bidding on Wednesday at a price band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.

Stock Market Live News: Trading Tweaks And Pledge Shares

Trading Tweaks 

  • Price band change from 5% to 2%: Nitco.

  • Stocks moving into ASM framework: Apollo Micro Systems, IDBI Bank, Vodafone Idea.

  • Stocks moving out of ASM framework: Greaves Cotton.

  • Ex/record date for interim dividend: Bhansali Engineering Polymers, Havells India.

  • Ex/record date for income distribution: Anzen India Energy Yield Plus Trust.

Pledge Shares

  • TGV Sraac: Promoter TG Rajyalakshmi revoked a pledge of 3.22 lakh shares, while Promoter Boda Mourya revoked a pledge of 92,800 shares and Promoter Jyothsna S Mysore revoked a pledge of 13,361 shares.

Stock Market Live News: F&O Cues

  • Nifty January futures down by 1.26% to 23,103.20 at a premium of 79 points.

  • Nifty January futures open interest up by 3.1%.

  • Nifty Options Jan. 23 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, Angel One, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), Kalyan Jewellers, L&T Finance, Manappuram Finance, Mahanagar Gas, RBL Bank.

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

Stocks in the Asia-Pacific region tracked overnight gains on Wall Street in hopes that President Donald Trump’s policies would boost the outlook for the world’s biggest economy.

The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was down 12 points or 0.05%, at 23,149 as of 7:25 a.m.

Australia’s S&P/ASX 200 opened higher with the benchmark index advancing by 0.57%, or 48 points, to 8,451 as of 6:25 a.m. Japan’s Nikkei was up 505 points, or 1.29% at 39,529. Future contracts in China and Hong Kong hinted at a cautious start.

Stocks in China gained in Tuesday’s session as Trump held off from imposing trade tariffs in his inaugural speech, but later said he is considering a 10% levy as early as Feb. 1.

Meanwhile, Trump pushed to make the US an AI superpower by having fewer guardrails by immediately halting the implementation of key safety and transparency requirements for AI developers.

US 10-year treasury yields advanced after falling five basis points in the previous session, while the stocks added to their 2025 gains. The S&P 500 and the Dow Jones Industrial Average rose 0.88% and 1.24%, respectively. The tech-heavy Nasdaq Composite climbed 0.64%.

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