Stock Market Live on January 23, 2025: Markets End Higher Amid Gains in Cement, IT, and Auto Stock

January 23, 2025 09:25 AM
Stock Market Live: Welcome to Today’s Coverage by Angel One

Welcome to Angel One’s live coverage of recent developments in the stock market and the economy. Get insights on the latest events right here.

January 23, 2025 09:31 AM
Share Market Live: Market Recap

On January 22, Sensex gained 566 points to close at 76,404.99, while Nifty50 rose 130 points to 23,155.35.

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January 23, 2025 09:33 AM
Stock Market Live: Stocks to Watch: HUL, BPCL, Coforge, Paras Defence in Focus

Key stocks in focus include HUL, which reported a profit of ₹3,001 crore and announced the demerger of Kwality Wall’s and a stake acquisition in Minimalist. BPCL’s profit surged to ₹4,640 crore, while Coforge posted a profit of ₹216 crore and declared a ₹19/share interim dividend. Pidilite Industries recorded a ₹552 crore profit, and Tata Communications saw a 424% YoY profit jump to ₹236 crore. Paras Defence signed an MoU to establish a ₹12,000 crore Optics Park in Maharashtra, creating 2,000 jobs by 2028.

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January 23, 2025 11:06 AM
Share Market Live Updates: Zensar Hits 52-Week High

Zensar Technologies Limited announced its consolidated financial results for the third quarter ending December 31, 2024, for the financial year 2024-2025. The company reported a revenue of $157.0 million for Q3FY25, marking a year-on-year (YoY) growth of 8.6% in reported currency and 7.5% in constant currency.

On a sequential quarter-over-quarter (QoQ) basis, the growth was 0.5% in reported currency and 0.7% in constant currency. Gross Margin for the quarter stood at 30.1% of revenues, reflecting a 200 basis point improvement from the previous quarter.

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January 23, 2025 11:20 AM
Share Market Live: Coforge Shares Jump 10%

Coforge Limited’s shares surged 10% to ₹9,051 on January 23, 2025, following its robust Q3 FY25 results and a ₹19 interim dividend announcement. The company reported a revenue of ₹3,318.2 crore, reflecting 40.3% YoY growth in constant currency terms and 42.8% YoY growth in INR terms. EBITDA rose 29.3% YoY to ₹519.0 crore, while adjusted PAT increased 10.3% YoY to ₹268.0 crore. The strong performance was driven by significant growth across sequential and year-on-year metrics.

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January 23, 2025 11:32 AM
Share Market Live: Mazagon Dock Shipbuilders Stock Up 4%

Mazagon Dock Shipbuilders (NSE: MAZDOCK) share price traded 3.55% higher at ₹2,369 at 11:10 AM on the NSE. The stock opened at ₹2,275.85, higher than ₹2,287.75 at the previous close. The stock rose to a day’s high of ₹2,423 in the early trade before cooling off to a day’s low of ₹2,256.60. Despite yesterday’s loss the stock price continued to trade close to its 52-week high of ₹2,930 recorded on July 5, 2024.

The company also issued a clarification regarding the recent media reports on a contract with Jawaharlal Nehru Port Authority (JNPA) about an electric water taxi.

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January 23, 2025 11:50 AM
Share Market Live Updates: India’s Renewable Energy Surge

India’s renewable energy sector is rapidly transforming, and 2024 marked an exceptional year in this transition. With a growing commitment to sustainability and green energy solutions, India continues to make waves in the global energy landscape. By 2030, the country aims to achieve 500 GW of non-fossil fuel-based energy capacity—a monumental goal that solidifies its position as a clean energy leader.

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January 23, 2025 12:37 PM
Share Market Live: Markets Trade Volatile Amid Mixed Global Cues

On January 23, 2025, Indian benchmark indices Nifty50 and Sensex, witnessed volatility due to mixed global signals. The BSE Sensex fluctuated between gains and losses, trading at 76,553.34, up 148.35 points by noon, while the Nifty50 rose 0.24% to 23,210.20. Gains in UltraTech Cement, Tech Mahindra, Sun Pharma, and M&M supported the indices, though losses in HUL, HDFC Bank, SBI, Reliance Industries, and HCL Tech capped the upside.

Broader markets outperformed, with Nifty SmallCap and MidCap indices advancing 1.1% and 1.6%, respectively. Sectorally, Nifty IT led with a 2% rise, while Nifty PSU Bank declined 0.5%. Investors are closely monitoring Q3 results from major companies like UltraTech Cement and Dr Reddy’s.

January 23, 2025 12:56 PM
Share Market Live: Jupiter Wagons Shares Rise on Fundraising Plans

Jupiter Wagons share price saw a rise of 2.61% on January 23, 2025, reaching an intraday high of ₹485.75. By 12:31 PM, the stock was trading 1.50% higher at ₹480.45, while the BSE Sensex was up 0.38% at 76,696.88.

The company announced a board meeting scheduled for January 29, 2025, to discuss plans for raising funds through various methods. These may include issuing equity shares, convertible preference shares, bonds, debentures, warrants, or other equity-linked instruments. Potential fundraising modes include private placements, qualified institutional placements (QIPs), public issues, rights issues, or preferential allotments, subject to necessary approvals.

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January 23, 2025 01:44 PM
Stock Market Live: Mid-Day Top Gainers and Losers

As of 12:05 PM on January 23, 2025, the BSE Sensex rose 0.23% to 76,569.05, while Nifty50 gained 0.28% to 23,219.90.

Among the top gainers, Wipro surged 3.8% to ₹320.85, Tech Mahindra rose 2.31% to ₹1,722.80, and Tata Consumer Products gained 2.13% to ₹988. UltraTech Cement and Mahindra & Mahindra also saw gains of 2.12% and 1.72%, respectively. On the downside, Hindustan Unilever dropped 1.37% to ₹2,310.95 despite strong Q3 profit growth, and BPCL fell 1.33% to ₹273.9 after a revenue decline. Dr. Reddy’s, HCL Technologies, and SBI also posted losses, down 1.18%, 1.01%, and 0.64%, respectively.

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January 23, 2025 02:03 PM
Stock Market Live: Biocon Share Price Gains 3% on Fundraising Announcement

Biocon share price rose by 2.61% to ₹398 per share on January 23, 2025, following the company’s announcement that its board will consider raising funds through commercial papers (CPs) or other private placement methods. The board meeting is scheduled for January 27, 2025.

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January 23, 2025 02:21 PM
Stock Market Live Updates: IREDA Approves ₹5,000 Crore Fundraising via QIP

On January 23, 2025, Indian Renewable Energy Development Agency (IREDA) announced that it will raise ₹5,000 crore through a Qualified Institutional Placement (QIP). The funds will be raised in 1 or more tranches. The company’s board approved this plan during its meeting.

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January 23, 2025 03:04 PM
Stock Market Live: Markets Gain on Auto, IT, and Healthcare Stocks

On January 23, 2025, benchmark indices gained momentum with strong buying in auto, IT, and healthcare stocks. At 2:00 PM, the BSE Sensex rose by 250 points to 76,650, while the NSE Nifty 50 hovered near 23,250.

January 23, 2025 03:35 PM
Stock Market Live Updates: Adani Energy Solutions Q3 Profit Surges 80% to ₹625 Crore

Adani Energy Solutions reported an 80% increase in consolidated net profit to ₹625.30 crore for the December 2023 quarter, compared to ₹348.25 crore a year ago. The rise was supported by higher revenues, with total income climbing to ₹6,000.39 crore from ₹4,824.42 crore in the same period last year, as per its BSE filing.

January 23, 2025 03:59 PM
Stock Market Live: Sensex and Nifty Close Higher, Supported by Gains in Auto, IT, and Healthcare Stocks

On Thursday, January 23, 2025, after a shaky start, the benchmark equity indices showed positive movement, boosted by strong buying in auto, IT, cement, and some healthcare stocks.

The BSE Sensex dropped to a low of 76,202 early in the session but quickly recovered and rose to a high of 76,743, ending the day at 76,520, up by 115 points. The NSE Nifty 50 reached a high of 23,271 and a low of 23,091 before closing 50 points higher at 23,205.

January 23, 2025 04:34 PM
Stock Market Live: Ultratech Cement Leads Gains, BPCL Sees Losses on January 23, 2025

On January 23, 2025, the Indian stock markets closed higher, with Nifty 50 rising by 0.22% and Sensex gaining 0.15%. The Nifty Consumer Durables and Nifty IT sectors saw gains of 1.97% and 1.79%, respectively.

Ultratech Cement led the day’s top gainers with a 6.67% increase, followed by Grasim (2.96%), Wipro (2.78%), Shriram Finance (2.38%), and Sun Pharma (2.23%). On the losing side, BPCL saw a decline of 2.14%, followed by Kotak Mahindra Bank (-1.28%), HCLTech (-1.14%), Reliance (-0.96%), and SBI (-0.96%).

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