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At 09:30 IST, the barometer index, the S&P BSE Sensex rose 280.82 points or 0.38% to 76,118.53. The Nifty 50 index added 60.90 points or 0.26% to 23,085.55.
The broader market underperformed the frontline indices. the S&P BSE Mid-Cap index dropped 1.03% and the S&P BSE Small-Cap index fell 1.35%.
The market breadth was weak. On the BSE, 901 shares rose and 2,039 shares fell. A total of 111 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,920.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,500.32 crore in the Indian equity market on 20 January 2025, provisional data showed.
Stocks in Spotlight:
JK Tyre & Industries rose 0.04%. The International Finance Corporation has sanctioned a $100 million sustainability-linked loan to JK Tyre. The funding includes $30 million for JK Tyre & Industries and up to $70 million for Cavendish Industries (CIL), a subsidiary of the company.
PNB Housing Finance rose 0.33%. The companys profit jumped 36% YoY to Rs 471.4 crore as compared with 40.1 crore in Q3 FY24. Revenue increased 10% YoY to Rs 1922.8 crore in Q3 FY25.
India Cements added 1.85% after the company reported net loss of Rs 428.8 crore in Q3 FY25 as compared with net loss of Rs 16.5 crore in Q3 FY24. Revenue from operations declined 16.5% YoY to RS 903 crore in Q3 FY25.
Numbers to Track:
The yield on Indias 10-year benchmark federal paper rose 0.18% to 6.912 as compared with the previous close of 6.899.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.5925, compared with its close of 85.5850 during the previous trading session.
MCX Gold futures for the 5 February 2025 settlement added 0.18% to Rs 6.857.
The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was up 0.18% to 108.14.
The United States 10-year bond yield rose 0.39% to 4.592.
In the commodities market, Brent crude for March 2025 settlement lost 03 cents, or 0.04% to $79.26 a barrel.
Global Markets:
Most Asian stocks advanced on Wednesday after President Donald Trump held off from imposing sweeping trade tariffs in his first day in office.
After being sworn in, Trump vowed to sign a series of executive orders, including one declaring a national emergency at the U.S.-Mexico border. However, the initial executive actions stopped short of introducing new tariffs on the three largest U.S. trading partners. Instead, the president directed his administration to address unfair trade practices on a global scale, hinting at a more measured approach to trade policy.
Wall Street had a decent showing on Tuesday as investors digested the potential impact of Trumps policy announcements. Netflix stole the spotlight with stellar earnings. The Dow Jones Industrial Average rose 1.2% to 44,025.81 points, the S&P 500 climbed 0.9% to 6,049.24 points, while the NASDAQ Composite gained 0.6% to 19,756.7.
Netflix Inc. shares surged over 14% in after-hours trading to $993.99, following the announcement of a record-breaking 19 million new subscriber additions in Q4 2024far exceeding expectations.
Meanwhile, President Trump unveiled a $500 billion joint venture named Stargate, involving tech heavyweights like OpenAI, Oracle, SoftBank, Microsoft, NVIDIA, and others. The initiative aims to build advanced AI data centers and energy-generation facilities in Texas over the next four years. This massive collaboration is expected to elevate the U.S.s AI capabilities to unprecedented levels.
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Read MoreAt 10:30 IST, the barometer index, the S&P BSE Sensex rose 363.90 points or 0.48% to 76,202.26. The Nifty 50 index added 79.70 points or 0.35% to 23,104.35.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.21% and the S&P BSE Small-Cap index fell 1.29%.
The market breadth was strong. On the BSE, 1,042 shares rose and 2,477 shares fell. A total of 164 shares were unchanged.
Buzzing Index:
The Nifty Realty index dropped 2.66% to 882.25. The index tumbled 7.17% in two consecutive trading sessions.
Oberoi Realty (down 5.55%), Prestige Estates Projects (down 4.71%), Macrotech Developers (down 3.79%), Godrej Properties (down 3.26%), Raymond (down 2.97%), Phoenix Mills (down 2.02%), DLF (down 1.79%), Sobha (down 1.75%), Brigade Enterprises (down 1.49%) and Mahindra Lifespace Developers (down 1.17%) declined.
Stocks in Spotlight:
IndiaMART InterMESH slumped 7.12%. The company has reported 48% rise in net profit to Rs 121 crore on a 16% increase in revenue from operations to Rs 354 crore in Q3 FY25 as compared with Q3 FY24.
RaiTel Corporation of India declined 2.90%. The company said that it has received order from Dy.Cste Construction Ajmer Division, North Western Railway for signaling work.
Dalmia Bharat rose 0.53%. The companys consolidated net profit tumbled 75.2% to Rs 66 crore as compared with Rs 266 crore Revenue fell 11.7% YoY to Rs 3,181 crore during the quarter.
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Read MoreThe domestic equity benchmarks witnessed a sharp decline on Tuesday, with the Nifty closing below the 24,050 mark. Investor sentiment was dampened by concerns over the potential consequences of a second Trump term, particularly regarding US-China trade tensions, the direction of US Federal Reserve interest rate cuts, and global economic growth. Continued selling by FIIs further exacerbated the downward pressure.
The 50-unit benchmark index touched a high of 23,426.30 early in the day but succumbed to selling pressure, ending the session in negative territory. The trading was volatile due to the expiry of weekly F&O contracts on the Sensex. All sectoral indices on the NSE ended in the red, with realty, consumer durables, and PSU banks experiencing the most significant declines.
Investor sentiment was eroded by uncertainty surrounding US trade policy. Trumps pronouncements regarding potential tariffs on neighboring countries have heightened concerns among global investors. The possibility of a 25% tariff on imports from Mexico and Canada, has raised fears of inflationary pressures, an overheated US economy, and a strengthening dollar, all of which could negatively impact bond markets.
The S&P BSE Sensex slumped 1,235.08 points or 1.60% to 75,838.36. The Nifty 50 index dropped 320.10 points or 1.37% to 23,024.65.
Trent (down 5.80%), ICICI Bank (down 2.98%), Reliance Industries (down 2.46%) and Bajaj Finance (down 2.03%) were major drags.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2% and the S&P BSE Small-Cap index declined 1.94%.
The market breadth was weak. On the BSE, 1,187 shares rose and 2,788 shares fell. A total of 113 shares were unchanged.
The NSEs India VIX, a gauge of the markets expectation of volatility over the near term, rallied 3.89% to 17.06.
Numbers to Track:
The yield on Indias 10-year benchmark federal paper was up 1.26% to 6.848 as compared with previous close 6.874.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.5875, compared with its close of 86.4500 during the previous trading session.
MCX Gold futures for 5 February 2025 settlement rose 0.52% to Rs 78,950.
The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was up 0.56% to 108.69.
The United States 10-year bond yield fell 0.80% to 4.574.
In the commodities market, Brent crude for March 2025 settlement declined $1.64, or 2.03% to $79.15 a barrel.
Global Markets:
The US Dow Jones index futures were currently up by 112 points, signaling a strong opening for US stocks today.
Most European stocks declined as investors digested the first executive orders that newly inaugurated U.S. President Donald Trump signed on Monday. Further, investors will be keeping an eye on the World Economic Forum this week.
Most Asian shares ended higher as market attention turned to upcoming central bank meetings in Asia later this week. Malaysias central bank is expected to maintain its policy rate at 3% on Wednesday, while the Bank of Japan will hold its next policy meeting from January 23 to 24, with Governor Kazuo Ueda signaling potential interest rate hikes.
President Donald Trump held off on imposing sweeping trade tariffs on his first day in office. Trump resumed his duties in the White House on Monday, a day after his inauguration and during the Martin Luther King, Jr. Day holiday, when U.S. stock market was closed.
Sworn in as the 45th President of the United States on January 20, Trump emphasized his vision of America First in his inaugural address, focusing on economic revitalization, national security, and prioritizing domestic interests over globalization.
Trump began his term with a series of executive orders aimed at fulfilling his campaign promises. These included measures to tighten immigration controls, lay the groundwork for a U.S.-Mexico border wall, boost fossil fuel production, and scale back environmental regulations.
While he declared plans to address global trade practices, Trump opted not to impose new tariffs on the U.S.s largest trading partners, signaling a more deliberate approach to trade relations. Instead, he directed his administration to combat unfair trade globally.
Investors closely monitored these early actions, given Trumps promises to rapidly implement his agenda.
Stocks in Spotlight:
Zomato shares plunged 10.92% to Rs 214.65 after a global brokerage firm on Monday reaffirmed its underperform rating on Zomato, at a target price of Rs 130 per share. This downgrade comes on the heels of the food delivery giants disappointing Q3 results, which revealed slowing growth in its core business and mounting losses in its quick-commerce unit, Blinkit, raising concerns about near-term profitability.
Reflecting this weakness, shares of another food delivery firm, Swiggy, also declined sharply, falling 8.08% to Rs 440.30.
Dixon Technologies (India) tumbled 13.79% after the companys consolidated net profit declined 47.48% to Rs 216.23 crore on 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.
L&T Finance added 1%. The company reported 2.15% declined in consolidated net profit to Rs 626.40 crore in Q3 FY25 as compared with Rs 640.18 crore in Q3 FY24. However, total income jumped 14.6% YoY to Rs 4,105.13 crore in Q3 FY25.
Multi Commodity Exchange of India (MCX) dropped 8.53%. The company reported a consolidated net profit of Rs 160.04 crore in Q3 FY25 as against net loss of Rs 5.35 crore posted in Q3 FY24. Revenue from operations jumped 57.35% year on year (YoY) to Rs 301.38 crore in the quarter ended 31 December 2024.
Jammu & Kashmir Bank slipped 3.78%. The bank reported 26.23% jump in net profit to Rs 531.51 crore on 12.57% increase in total income to Rs 3,448.40 crore in Q3 FY25 over Q3 FY24.
Aditya Birla Real Estate declined 2.77% after the firm reported consolidated net loss (continuing operations) of Rs 36.95 crore in Q3 FY25 as compared with net profit of Rs 102.51 crore in Q3 FY24. Total income decreased 28.36% year on year (YoY) to Rs 961.32 crore in the third quarter of FY25.
Indoco Remedies added 1.83%. The pharma company reported standalone net loss of Rs 10.23 crore in Q3 FY25 as against net profit of Rs 20.01 crore posted in Q3 FY24. Revenue from operations stood at Rs 364.91 crore in the third quarter of FY25, down 18.61% as against Rs 448.38 crore posted in Q3 FY24.
Raghav Productivity Enhancers rose 1.75% after the companys consolidated net profit surged 64.3% to Rs 9.81 crore in Q3 FY25 as against Rs 5.97 crore posted in Q3 FY24. Revenue from operations climbed 73.6% YoY to Rs 55.04 crore in the quarter ended 31 December 2024.
Artson Engineering slipped 3.55%. The company reported standalone net profit of Rs 6.37 crore in Q3 FY25, zoomed 1200% as against Rs 0.49 crore posted in Q3 FY25. However, revenue from operations declined 43% to Rs 17.80 crore in the December 2024 quarter as against Rs 31.23 crore reported in the preceding quarter same year.
International Travel House (ITHL) dropped 9% after the companys standalone net profit tumbled 27.49% to Rs 5.38 crore in Q3 FY25 as against Rs 7.42 crore posted in Q3 FY24. Revenue from operations slipped 4.36% year on year (YoY) to Rs 58.27 crore in the quarter ended 31 December 2024.
Oberoi Realty fell 7.23%. The real estate developers consolidated net profit surged 71.70% to Rs 618.38 crore in Q3 FY25 as against Rs 360.15 crore posted in Q3 FY24. Revenue from operations climbed 33.92% to Rs 1,411.08 crore in Q3 FY25 as compared to Rs 1,053.64 crore recorded in the corresponding quarter last year.
AGI Greenpac slipped 2.76%. The company reported 34.86% jump in net profit to Rs 90.52 crore on 5.75% rise in revenue from operations to Rs 658.48 crore in Q3 FY25 over Q3 FY24.
DEE Development Engineers rallied 3.96% after the firm commissioned 2nd phase of its manufacturing plant in Anjar, Gujarat, enhancing the capacity by 9,000 MT per annum.
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GIFT Nifty:
The GIFT Nifty January 2025 futures contract is currently up 19 points, indicating a positive start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth Rs 5,920.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,500.32 crore in the Indian equity market on 20 January 2025, provisional data showed.
According to NSDL data, FPIs have sold shares worth Rs 53010.73 crore (so far) in the secondary market during January 2025. This follows their sale of shares worth Rs 2589.63 crore in December 2024.
Global Markets:
U.S. stock futures point to a positive open on Tuesday, with the Dow Jones Industrial Average futures rising 29 points.
Most Asian stocks advanced on Wednesday after President Donald Trump held off from imposing sweeping trade tariffs in his first day in office.
After being sworn in, Trump vowed to sign a series of executive orders, including one declaring a national emergency at the U.S.-Mexico border. However, the initial executive actions stopped short of introducing new tariffs on the three largest U.S. trading partners. Instead, the president directed his administration to address unfair trade practices on a global scale, hinting at a more measured approach to trade policy.
Wall Street had a decent showing on Tuesday as investors digested the potential impact of Trumps policy announcements. Netflix stole the spotlight with stellar earnings. The Dow Jones Industrial Average rose 1.2% to 44,025.81 points, the S&P 500 climbed 0.9% to 6,049.24 points, while the NASDAQ Composite gained 0.6% to 19,756.7.
Netflix Inc. shares surged over 14% in after-hours trading to $993.99, following the announcement of a record-breaking 19 million new subscriber additions in Q4 2024far exceeding expectations.
Meanwhile, President Trump unveiled a $500 billion joint venture named Stargate, involving tech heavyweights like OpenAI, Oracle, SoftBank, Microsoft, NVIDIA, and others. The initiative aims to build advanced AI data centers and energy-generation facilities in Texas over the next four years. This massive collaboration is expected to elevate the U.S.s AI capabilities to unprecedented levels.
Domestic Market:
The domestic equity benchmarks witnessed a sharp decline on Tuesday, with the Nifty closing below the 24,050 mark. Investor sentiment was dampened by concerns over the potential consequences of a second Trump term, particularly regarding US-China trade tensions, the direction of US Federal Reserve interest rate cuts, and global economic growth. Continued selling by FIIs further exacerbated the downward pressure.
The 50-unit benchmark index touched a high of 23,426.30 early in the day but succumbed to selling pressure, ending the session in negative territory. The trading was volatile due to the expiry of weekly F&O contracts on the Sensex. All sectoral indices on the NSE ended in the red, with realty, consumer durables, and PSU banks experiencing the most significant declines.
The S&P BSE Sensex slumped 1,235.08 points or 1.60% to 75,838.36. The Nifty 50 index dropped 320.10 points or 1.37% to 23,024.65.
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