Closing Bell | Sensex settles 224 pts higher | Nifty above 23,200

 3:30 PM IST | 15 Jan 2025

Closing Bell | Sensex settles 224 pts higher | Nifty above 23,200

Sensex closed 224 points higher, with Nifty above 23,200. Zomato and NTPC gained 4% and 3%, respectively. The rupee rebounded, marking its best day in seven months amid a weaker dollar. Top gainers included Thermax and Hatsun Agro, while Mobikwik and IOB saw sharp declines. Kalyan Jewellers hit a 10% lower circuit. Jai Balaji Industries’ 1:5 stock split record date is January 17. Nifty Realty led sectoral gains, with Phoenix Mills and Raymond performing strongly.

 2:30 PM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex sheds early gains; rise over 200 pts | Nifty tops 23,200

Sensex gained over 200 points, with Nifty crossing 23,200 despite losses in pharma stocks like Natco Pharma and Glenmark. JSW Energy acquired KSK Mahanadi power plant, while Nesco secured a Rs. 300 crore NHAI order. European shares rose as bond yields eased, and the Indian rupee strengthened to 86.51 against the dollar, benefiting from a weaker U.S. currency ahead of inflation data.

 1:30 PM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex gains over 250 points | Nifty tops 23,200

Sensex climbed over 250 points, with Nifty crossing 23,200. Axis Bank’s Q3 earnings may be impacted by slow loan growth and elevated provisions. Alembic Pharma received US FDA approval for Brexpiprazole tablets. Nuvama initiated coverage on BSE stock with a ‘buy’ rating, pushing shares up 6.5%. Vodafone Idea gained 8.61%, and Stallion India Fluorochemicals launched its IPO with a price band of Rs. 85-90, aiming to raise Rs. 199.45 crore for expansion and working capital.

 12:00 PM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex gains over 200 points | Nifty tops 23,200

Sensex rose over 200 points, and Nifty crossed 23,200. Indian Overseas Bank shares dropped 9% to Rs 49.23 amid high volumes. Premier Energies gained attention after securing Rs 1,460 crore in orders. Emkay gave Dixon Technologies a ‘buy’ rating with a Rs 20,000 target, indicating a 22% upside. Aditya Birla Fashion and Retail Limited approved a Rs 2,379 crore preferential issue to promoters and QIBs.

 11:15 AM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex gains 350 points | Nifty crosses 23,200

Sensex surged over 350 points, while Nifty crossed 23,200. Emkay initiated coverage on Dixon Technologies with a ‘buy’ call, predicting a 22% upside and a Rs. 20,000 target. ABFRL approved a Rs. 2,400 crore preferential issue for promoters and QIBs. Adani Green Energy shares jumped 5.7% following the commissioning of a 57.2 MW wind-solar hybrid project. IRFC shares rose 4% after being the lowest bidder to finance Rs. 3,167 crore for a Jharkhand mine.

 10:30 AM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex rises 250 points | Nifty crosses 23,150

Sensex gained 250 points, with Nifty surpassing 23,150. Adani Green Energy shares surged 5.7% after commissioning a 57.2MW hybrid project in Gujarat. IRFC shares rose 3.6% as the lowest bidder to finance Rs 3,167 crore for a Jharkhand coal block. PTC India shareholders plan to reduce their promoter role amid regulatory investigations. Meanwhile, Network18 reported widened Q3 losses of Rs 1,435 crore. Global markets stayed steady, awaiting U.S. consumer price data and major bank earnings.

 10:00 AM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex rises 250 points | Nifty crosses 23,150

The Sensex gained 250 points, with the Nifty surpassing 23,150. PTC India faces regulatory scrutiny, as key shareholders aim to reduce involvement. Network18 reported a sharp Q3 loss of ₹1,435 crore. Suven Life Sciences, Welspun Living, and Shoppers Stop led top gainers, while IDBI Bank and Indian Overseas Bank were top losers. Rikhav Securities’ ₹89 crore IPO opens today, comprising fresh equity and 20 lakh shares in an OFS. Adani Green Energy shares rose 4.59%.

 9:15 AM IST | 15 Jan 2025

Stock Market LIVE Update | Sensex gains 250 points | Nifty rises above 23,200

The Sensex rose by 250 points, while the Nifty climbed above 23,200, with Maruti and Adani Green gaining 3% each. Despite the upward trend, the daily chart indicates a negative pattern of lower tops and bottoms. India VIX dropped 3.3%, closing at 15.47. Kabra Jewels ₹40 crore SME IPO opened today. RBI reallocated key departments, while Sebi proposed mandating demat securities for share splits. Tata Capital raised $400 million through dollar bonds. The rupee remains overvalued despite hitting new lows.

GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian markets and is likely to consolidate in the broad range of 22,850 -23,400.

INDIA VIX: 15.47 | -0.53 (3.30%) ↓ today

Latest Market News

1. Premier Energies: Wins Rs. 1460 cr order. 

2. ⁠JSW Steel; Delhi court discharges JSW Steel Ltd. in corruption case. Delhi HC approved JSW's takeover of Monnet Ispat under the Insolvency and Bankruptcy Code.

3. ⁠Cipla; The tax demand was reduced from INR 312.96 crores to INR 98.70 crores, revising the total demand from AY 2015-16 to AY 2022-23 from INR 773.44 crores to INR 559.18 crores. The disclosure delay was due to the evaluation of statutory requirements.

4. ⁠Adani Wilmar; Adani Wilmar will see an ad-hoc weight up across FTSE India indices. The adjustment will take place tomorrow January 15, 2025. Inflows of around $18 million are expected, i.e., 1.5x its average daily volumes

5. ⁠Infra Stock; Govt likely to hike highway budget by 5-6% in FY26 after subdued performance in FY25, so far.

6. ⁠IRFC: IRFC has emerged as the L1 bidder for financing ₹3,167 crore for the Banhardih Coal Block project in Jharkhand, developed by Patratu Vidyut Utpadan Nigam Limited (PVUNL), a JV between NTPC and Jharkhand Bijli Vitran Nigam. The coal will be transported to PVUNL’s project site via rail. 

7. ⁠FIIs net sell ₹8,132.26 crore & DIIs net buy ₹7,901.06 crore in equities yesterday.

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

1. Treasury Yields:

   • The 10-year Treasury yield slid on Tuesday, as investors digested President Donald Trump’s return to the White House and a slew of new executive orders. The 10-year Treasury yield dropped more than 4 basis points to 4.566%.

2. Currency:

   • The U.S. dollar alternated between gains and losses on Tuesday in a choppy session. The dollar index rose 0.01% to 108.00 after dropping 1.24% on Monday.

3. Commodities:

   • Gold prices jumped to an over two-month peak on Tuesday. Spot gold climbed 1.3% to $2,742.57 per ounce.

   • U.S. crude oil fell more than 2% on Tuesday, as President Donald Trump weighs imposing tariffs on key trade partners while vowing to boost domestic energy production. Brent fell 1.07% to settle at $79.29 per barrel.

Asian Markets

1. General Trends:

   • Asia-Pacific markets were set to open mostly higher Wednesday after Wall Street rose following President Donald Trump’s less aggressive-than-expected tariff stance.

2. Specific Index Performance:

   • The Bank of Japan rate decision is on Friday. It will be closely monitored by investors around the world.

   • Japan’s Nikkei 225 was higher by 1.4%, while Kospi was higher by 0.6%. Hang Seng suggests a marginal negative opening.

India Market Outlook

1. Market in Previous Session:

   • Benchmark indices on Tuesday declined to a seven-month low as the sell-off intensified amid massive volatility. Mixed corporate earnings and persistent FII outflows have left sentiment tepid, with investors awaiting stronger sectoral cues to drive a meaningful uptrend. Key earnings from ICICI Bank and HDFC this week are expected to influence the market direction. 

   • The Sensex was down 1,235.08 points or 1.60% at 75,838.36, and the Nifty was down 320.10 points or 1.37% at 23,024.65.

   • The broader markets, comprising mid-small cap indices, witnessed steeper cuts with losses of 2.2% and 2.3%, respectively.

   • Among sectors, realty, financials, metals, auto, and energy stocks witnessed sharp decline.

TRADE SETUP FOR JAN 22

1. Nifty Short-Term Outlook:

   • Index has formed a bearish engulfing candle that engulfed the last five sessions' price action, signaling strong selling pressure at around last week high (23400). Index witnessed extreme volatility during yesterday session.  

   • Nifty is currently placed around the lower band of the last six session range of 23,000-23,400. A follow-through weakness below Tuesday low (22,976) will open further downside towards 22,800-22,600 levels, being the measuring implication of the last six sessions range.

   • As mentioned in the earlier edition, the index is experiencing a shallow retracement of the prior decline, reflecting the corrective nature of the pullback and extension of the decline in the coming sessions. The key resistance level is placed at 23,400-23,600, being confluence last week high, 200 days EMA, and previous breakdown area.

2. Intraday Levels:

   • Nifty: Intraday resistance is at 23,130 followed by 23,250 levels. Conversely, downside support is located at 22,910, followed by 22,800.

   • Bank Nifty: Intraday resistance is positioned at 48,930, followed by 49,200, while downside support is found at 48,310, followed by 48,000.

Derivative Market Analysis

1. Nifty:

   • Significant call writing was observed across strikes in the Nifty 23rd January weekly expiry during yesterday’s trading session. The 23,000 level, which shows substantial put open interest, also experienced call writing and put unwinding, indicating a bearish sentiment developing in the weekly option chain.

   • In the monthly Nifty option chain, the highest put open interest is concentrated at the 23,000 level, where call writing and put unwinding were seen yesterday. This suggests that both weekly and monthly option writers expect Nifty to breach the 23,000 mark.

   • Additionally, Nifty Futures cumulative open interest surged by 6.4% yesterday, signaling continued addition of short positions. The COI has now reached levels last seen on 6th March 2020, just before the sharp market sell-off that drove Nifty down to 7,500. Since the COVID-19 market crash, this marks the first instance of such massive open interest in Nifty Futures. The current price action strongly suggests that foreign institutional investors (FIIs) are the primary creators of these short positions.

   • If Nifty breaches the 23,000 level, a sharp sell-off in Nifty Futures is highly probable.

2. Bank Nifty:

   • In yesterday’s trading session, aggressive call writing was observed up to the 48,500 level in Bank Nifty. Meanwhile, put writers have started unwinding their positions down to the 47,500 level, signaling strong bearish sentiment, in alignment with Nifty's outlook.

   • Bank Nifty Futures open interest surged by 7.5% yesterday, indicating fresh short positions being added. The current OI has reached its highest level since October 2024.

   • If Bank Nifty sustains below yesterday’s low of 48,430, the next downside target is 47,900. A break below 47,900 could set up a positional target of 46,500.

US Share Market News

1. Performance Overview:

   • Markets were positive as Trump avoided imposing blanket tariffs on his first day. Analysts expect near-term volatility to persist due to Trump’s policies, but expect his first year in term will see stock markets rally.

2. Sector-Specific Movements:

   • The S&P 500 closed higher on Tuesday as expectations for President Donald Trump's policies to accelerate economic growth stoked bullish bets on stocks. 

   • 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.

3. Economic Indicators: 

• Investors scrutinized President Donald Trump’s comments in a press conference Tuesday evening after the president said he’s considering a 10% tariff on China beginning as soon as Feb. 1.

• Netflix shares surged after the bell on strong results. Johnson & Johnson and Procter & Gamble Company are scheduled to release their results on Wednesday.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

 3:30 PM IST | 21 Jan 2025

Closing Bell | Sensex drops 1,235 points | Nifty falls below 23,050

The Sensex declined by 1,235 points, closing below 23,050, with significant losses in financials, pharmaceuticals, and automotive sectors. Trent and Adani Ports shares fell by 6% and 4%, respectively. Adani Energy secured a ₹25,000 crore HVDC order. Notable decliners included Multi Commodity Exchange of India (-8.78%), Nippon Life India Asset Management (-4.37%), and Strides Pharma Science (-6.45%). The Nifty Bank index dropped over 1%, with ICICI Bank (-3.07%) and State Bank of India (-2.79%) among the top laggards.

 2:30 PM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex crashes over 1,000 points | Nifty below 23,100.

The Sensex plunged over 1,000 points, with the Nifty falling below 23,100, amid heightened market volatility. Japan's Nikkei index declined by 0.9% to 38,442, influenced by U.S. President Trump's tariff pledges. European shares remained flat, balancing gains in healthcare and financial sectors against losses from U.S. tariff uncertainties. In India, the Nifty Realty index dropped over 2%, with Oberoi Realty and Phoenix Mills among the top losers. Additionally, Dixon Technologies' share price tumbled 13% despite a 124% rise in Q3 profit after tax.

 01:00 PM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex down over 300 points | Nifty below 23,300

The Sensex trimmed early losses but remained down over 300 points, with the Nifty slipping below 23,300. The Securities and Exchange Board of India (SEBI) is developing a platform to facilitate pre-listing IPO share trading. Dixon Technologies' share price plummeted 13% despite a 124% rise in Q3 profit after tax. Nifty 50 index's top gainers were Maruti Suzuki, Mahindra & Mahindra, and Larsen & Toubro, while the top losers included Hindalco Industries, Dr. Reddy's Laboratories, and Adani Ports and Special Economic Zone.

 12:00 PM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex tumbles 700+ points | Nifty below 23,200

The Sensex plunged over 700 points, with the Nifty slipping below 23,200, as India VIX surged 4%. Small and midcap indices declined over 1% each. Donald Trump's return as U.S. President evokes mixed reactions among Indian investors, with potential benefits from anti-China policies offset by uncertainties for Nifty bulls. While his "Make America Great Again" agenda may create opportunities for some sectors, it poses challenges for others, reflecting a complex outlook for India’s stock market.

 11:15 AM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex plunges 750 points | Nifty below 23,200

The Sensex fell over 750 points, while the Nifty dipped below 23,200, with RIL and Adani Ports shedding 2% each. Swiggy shares dropped 9.55% following Zomato's Q3 performance miss, impacting investor sentiment. Cipla shares remain in focus after USFDA's Goa facility inspection resulted in one Form 483 observation. Key laggards included Trent (-3.35%), Adani Enterprises (-2.39%), Adani Ports (-2.18%), Reliance Industries (-1.87%), and NTPC (-1.75%), reflecting a broad market downturn.

 10:20 AM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex drops 400+ points | Nifty slips below 23,250

The Sensex traded over 400 points lower after giving up early gains, while Nifty slipped below 23,250. Gold prices gained ₹2,400/10 gm, and silver rose ₹3,700/kg in a month. Waaree Renewable Technologies secured a ₹277.20 crore solar project, drawing investor attention. Oberoi Realty shares are in focus after a 71.7% YoY jump in Q3 FY25 profit to ₹618.38 crore. Vodafone Idea shares gained spotlight as the Supreme Court upheld a ₹1,128 crore tax refund ruling by the Bombay High Court. These developments influenced trading sentiments on January 21, highlighting significant shifts across key market segments.

Zomato, a leading Indian food delivery platform, reported mixed Q3 FY24-25 results. While revenue surged by 64% to ₹5,405 crore, net profit fell by 57% to ₹59 crore due to investments in quick commerce. Zomato’s stock also tanked today by 8% following the results.

1. Zomato posted a 64% YoY increase in revenue, rising from ₹3,288 crore to ₹5,405 crore in Q3 FY24-25.

2. Net profit dropped by 57% YoY to ₹59 crore, primarily due to increased spending on Blinkit expansion and warehousing.

3. Zomato’s stock plummeted 8% as the market reacted to the profit decline despite strong revenue growth.

4. Gross order value grew 57% YoY to ₹20,206 crore, while Blinkit revenue more than doubled, supporting strategic goals.

Read more: Zomato Q3 Results FY24-25: 64% Revenue Growth to ₹5,405 Crore; Cons Profit Declines 57%

 9:40 AM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex falls 150 points | Nifty at 23,350

Sensex slipped 150 points after initial gains, with Nifty testing 23,350. Zomato dropped 9% following a 57% year-on-year profit decline, while Dixon Technologies fell 8.5% to ₹16,060.95 despite a 124% profit surge. However, UltraTech Cement, Sun Pharma, Tata Motors, HCL Tech, and Tech Mahindra gained. Sectoral Nifty indices for Auto, FMCG, IT, Metal, Pharma, Healthcare, and Oil & Gas climbed 0.4%-1%, showcasing mixed market trends on Tuesday, January 21.

One 97 Communications (Paytm) reported its Q3 FY24-25 financial results, showing a significant 35.88% revenue decline and a reduced net loss of ₹203.5 crore. Despite challenges, operational cost optimisation and strategic initiatives have slightly improved profitability.

1. Paytm's revenue dropped by 35.88%, from ₹2,850.5 crore to ₹1,827.8 crore YoY in Q3 FY24-25.

2. Net loss improved by 7.92%, reducing to ₹203.5 crore from ₹221 crore in the previous year.

3. Financial services and e-commerce drove revenue, while cost rationalisation initiatives aim to bolster long-term profitability.

Read more: One 97 Communications (Paytm) Q3 Results FY24-25: Revenue Declines by 35.88%

 9:15 AM IST | 21 Jan 2025

Stock Market LIVE Update | Sensex rises 100 points | Nifty nears 23,400

Sensex climbed 100 points, while Nifty approached 23,400. Zomato's shares declined by 8%, and UltraTech gained 2%. Tata Technologies is set to announce its Q3 results today, expecting modest revenues with potential flat performance and lower profits. Dixon Technologies reported a 124% rise in consolidated net profit for Q3, reaching ₹217 crore. RBI permitted ARCs to settle dues after exploring recovery options and infused ₹75,772 crore into the banking system via a VRR operation, with a ₹1.5-lakh crore auction scheduled for Tuesday. SEBI proposed extending the NAV cut-off for overnight mutual fund redemptions from 3 PM to 7 PM.

Indian Railway Finance Corporation Ltd. (IRFC) has released its Q3 FY24-25 financial results, demonstrating steady performance across key financial metrics. The highlights include a slight year-on-year (YoY) revenue growth and an increase in net profit, underlining the company’s efficient operational and financial management.

• Revenue from operations rose 0.4% YoY to ₹6,763.43 crores, with net profit increasing 2% YoY to ₹1,630.66 crores.

• Earnings Per Share (EPS) grew 2.5% YoY to ₹1.25, and the debt-equity ratio improved to 7.81 from 8.69.

• Lease income increased 8% YoY to ₹4,752.90 crores, while interest income declined 13.9% YoY to ₹2,010.53 crores.

Read more: Indian Railway Finance Corporation Ltd. Q3 Results FY24-25 Highlights: Revenue at ₹6,763.43 crores

GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot is likely to consolidate in the range of 23,100-23,600.

INDIA VIX: 16.42 | +0.67 (4.24%) ↑ today

Latest Market News

1. Cipla: US FDA issues Form 483 with 1 observation for the manufacturing facility of medispray laboratories, Goa.

2. Reliance Power appoints Neeraj Parakh as CEO of the company for 3 years w.e.f. January 20, 2025.

3. TCS opens a new delivery centre in France to drive AI-powered transformation for the aerospace and defence industries.

4. RBI announces standing external advisory committee for evaluating applications for universal banks and small finance banks.

5. Vodafone Idea: The telecom company said that it has not received any communication from the government in relation to Rs. 1 lac cr AGR due.

6. FIIs net sell ₹4,336.54 crore while #DIIs net buy ₹4,321.96 crore in equities.

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

1. Treasury Yields:

   • The US dollar slumped Monday following a report that indicated that President-elect Donald Trump was set to delay imposing trade tariffs immediately upon his inauguration, an expectation which had boosted the US currency following his November election victory. the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 1.1% lower to 107.90.

2. Currency:

   • The dollar index, which measures the U.S. currency against six other units, is up 0.34% at 109.33.

3. Commodities:

   • Gold futures for February delivery were down 0.61% to $2,731.80 a troy ounce.

   • The March brent oil contract fell 1.15% to trade at $79.86 a barrel.

Asian Markets

1. General Trends:

   • Asia-Pacific markets were mixed Tuesday, as investors await greater clarity on policies that U.S. President Donald Trump will unveil following his inauguration.

2. Specific Index Performance:

   • In Japan, the benchmark Nikkei 225 was up 0.12%, while the Topix was flat. South Korea’s Kospi reversed earlier gains, edging down 0.24% while the Kosdaq declined 0.69%.

India Market Outlook

1. Market in Previous Session:

   • The Indian equity market started the week on a positive note, with the benchmark indices recovering all losses from the previous session and posting a 0.5% gain. Boosted by positive global cues, the Indian benchmark indices opened higher and extended their gains to close above 23300. 

   • At close, the Sensex was up 454.11 points or 0.59 percent at 77,073.44, and the Nifty was up 141.55 points or 0.61 percent at 23,344.75.

   • Markets are showing signs of consolidation after the recent downturn, with the ongoing earnings season capturing participants' attention. At the same time, budget-related themes are sparking selective buying interest.

   • Midcap index was up 0.91 percent and small-cap index rose nearly 1 percent. 

   • Among sectors bank, media, metal, capital goods, PSU, telecom, power, PSU bank up 1-2 percent.

TRADE SETUP FOR JAN 21

1. Nifty Short-Term Outlook:

   • Index rebounded after Friday’s decline and closed the session higher. Index has formed a bull candle with a higher high and higher low signalling the continuation of the consolidation amid stock-specific action.   

   • Nifty on expected lines is seen consolidating in the range of 23,000-23,600. We expect index to extend the current consolidation. stock-specific movements will continue as the Q3FY25 earnings season progresses. Volatility is expected to remain high in the coming week.

   • A move above last week's high (23391) will open upside towards 23,500-23,600 levels being the confluence of 200 days EMA and previous breakdown area.  

   • The index is experiencing a shallow retracement of the prior decline, reflecting the corrective nature of the ongoing pullback. A breakdown below 23,000 in the coming sessions will signal an extension of the decline.

2. Intraday Levels:

   • Nifty: Intraday resistance is at 23,400 followed by 23,530 levels. Conversely, downside support is located at 23,220, followed by 23,100.

   • Bank Nifty: Intraday resistance is positioned at 49,650, followed by 49,930, while downside support is found at 49,000, followed by 48,810.

Derivative Market Analysis

1. Nifty:

   • Put writers have begun to show significant participation above the 23,000 level, extending across strikes up to 23,300. This position suggests multiple support levels and marks a critical zone for the index. 

   • Meanwhile, call writers remain firmly positioned at the 23,500 and 23,600 strikes, which are expected to act as resistance levels. Surpassing and sustaining above 23,600 could trigger short covering.

   • In the monthly options chain, a notable concentration has been observed for both calls and puts at the 23,400 level, making it a deciding level. 

   • As per the option chain, the broader range for Nifty is between 23,000 and 23,600. A decisive break on either side of this range may lead to a directional move. 

   • Additionally, the put-call ratio (PCR) has increased by 0.12 and is now positioned at 1.03, indicating a strengthening bullish sentiment.

2. Bank Nifty:

   • Call unwinding has been noticed at the 49,000, 50,000, and 51,000 levels, which suggests that traders are being cautious about upside movement.

   • On the other hand, put writing additions have been positioned at 49,000 across strikes up to 49,500, indicating multiple support levels. Breaching below this range may lead to a corrective bias.

   • The participation of put writers and the unwinding of call writer positions suggest a possible upside movement in the upcoming session. Surpassing and sustaining above 49,500 may trigger short covering.

   • The broader range for Bank Nifty is between the 49,000 and 50,000 levels.

   • The put-call ratio has improved and is now positioned at 0.65.

US Share Market News

1. Performance Overview:

   • President Donald Trump took office and announced a series of executive orders on Monday.

   • The stock markets were closed on Monday for the Martin Luther King, Jr. Day holiday.

2. Sector-Specific Movements:

   • Trump said he was thinking of 25% tariffs on Mexico and Canada on February 1 because of their border policies. Trump also mentioned China during the discussion with the press, but did not specify any plans for tariffs. The president said maybe the U.S. could put tariffs on China if the country doesn’t approve a TikTok deal.

3. Economic Indicators: 

• For the week, investors were poised to analyse earnings reports from several major U.S. corporations, seeking insights into their financial performance and prospects. 

• The Bank of Japan is to announce its first policy meeting outcome of the year on Friday, it will be closely monitored as any rate hike by the Bank of Japan or aggressive rate hike during the year will rekindle the fear of yen carry trade.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

 03:30 PM IST | 20 Jan 2025

Closing Bell | Sensex gains 403 points | Nifty crosses 23,300

The Sensex rebounded after a one-day pause, closing 403 points higher, while the Nifty surpassed 23,300. Bajaj twins gained 3%, but Zomato dropped 8%. Melania Trump launched her meme coin, $MELANIA, shortly after Donald Trump’s $TRUMP coin debut. Meanwhile, Brent crude slipped 0.35% to $80.51 amid market anticipation of export curbs on Russia. Zomato and IDBI Bank released their Q3 results, adding to market activity during a volatile session.

 02:30 PM IST | 20 Jan 2025

Stock Market LIVE Update | Sensex jumps 550+ points | Nifty surpasses 23,350

The Sensex climbed over 550 points, with the Nifty surpassing 23,350. Brent crude slipped 0.35% to $80.51 as investors monitored potential export curbs on Russia. IRFC posted a Q3 PAT of ₹1,630 crore, up from ₹1,598 crore YoY, with revenue at ₹6,763 crore. Swagtam Trading shares rose 5% after approving a ₹30 crore fundraising plan. Swan Defence surged 5% on its re-listing after Swan Energy’s acquisition of the former Reliance Naval & Engineering. The stock reached ₹37.78 intra-day on Monday.

 01:30 PM IST | 20 Jan 2025

Stock Market LIVE Update | Sensex rises 550+ points | Nifty tops 23,350

Bank stocks pushed the Sensex over 550 points higher, with the Nifty crossing 23,350. Wipro reported a 17.5% Q3 operating margin, with robust deal pipelines for Q4. Motilal Oswal surged 4% after denying Kalyan Jewellers-related rumours. NALCO rebounded near its 200-EMA, signalling bullish momentum. Bitcoin hit a new high above $109,000, while Nifty declined 0.5% for the week, closing at 23,203. The government’s KAVACH railway safety initiative is set to boost capital expenditure for listed firms in Budget 2025.

 12:30 PM IST | 20 Jan 2025

Stock Market LIVE Update | Bank stocks drive Sensex up 550 points | Nifty surpasses 23,350

Bank stocks lifted the Sensex by over 550 points, pushing the Nifty above 23,350. Indian Hotels shares fell 3.9% to ₹782.20 despite a 33% YoY profit rise to ₹633 crore. Kalyan Jewellers surged 9.4% to ₹548.65 after Motilal Oswal AMC dismissed bribery allegations. Tata Tele and MTNL shares soared 12% as the government considered an AGR dues waiver. Analyst upgrades for Kotak Bank and optimistic projections for Indian Hotels indicate robust growth potential across banking, IT, and hospitality sectors, highlighting strong performance and favourable prospects.

 11:30 AM IST | 20 Jan 2025

Stock Market LIVE Update | Sensex rises 600+ points | Nifty tops 23,350

The Sensex climbed over 600 points, with the Nifty surpassing 23,350. Zomato and Swiggy shares fell up to 23% from their peaks, while Paytm shares traded marginally lower after Q3 results. Paytm reported a narrowed consolidated loss of ₹208.3 crore for Q3, down from ₹219.8 crore YoY. However, revenue dropped 36% YoY to ₹1,828 crore compared to ₹2,851 crore in Q3 FY24, highlighting challenges for the fintech platform.

 10:50 AM IST | 20 Jan 2025

Stock Market LIVE Update  | Sensex gains 277 points | Nifty crosses 23,250

The Sensex climbed 277 points or 0.38% to 76,894, with Kotak and HDFC Bank driving gains. The Nifty surpassed 23,250, while the Nifty PSU Bank Index showed strength. Top gainers included Union Bank (2.03%), Indian Overseas Bank (1.90%), and SBI (1.61%). Paytm shares dipped slightly post-Q3 results, despite a narrowed loss of ₹208.3 crore compared to ₹219.8 crore YoY. However, its revenue declined 36% YoY to ₹1,828 crore. Canara Bank and UCO Bank also gained 1.50% and 1.47%, respectively, reflecting robust performance across PSU banks.

 10:15 AM IST | 20 Jan 2025

Stock Market LIVE Update | Sensex rises over 200 points | Nifty surpasses 23,200

Sensex climbed over 200 points, while Nifty crossed 23,200, with India VIX rising 7%. Kalyan Jewellers’ shares surged 9% as Motilal Oswal AMC dismissed bribery allegations as baseless. Tata Group-backed Indian Hotels’ shares dropped 3.9% to Rs 782.20 despite a 33% YoY PAT rise to Rs 633 crore. RBL Bank fell 6% following an 86% YoY profit decline to Rs 33 crore due to microloan issues. The Nifty private bank index rose over 1%, supported by Kotak Mahindra Bank’s performance. Shares of Tata Tele and MTNL soared 12% amid speculation of an AGR dues waiver by the government.

 9:15 AM IST | 20 Jan 2025

Stock Market LIVE Update | Sensex rises 200 points | Nifty climbs above 23,200

Sensex gained 200 points, with Nifty surpassing 23,200. Kotak Bank soared 7%, while Wipro rose 5% after reporting a 24% year-on-year net profit increase to ₹3,354 crore for Q3 FY24. Indus Towers, Vodafone Idea, and NBCC saw positive movement, while RBL Bank dipped 4.65%. Kotak Mahindra Bank stated that the Reserve Bank of India is reviewing its tech upgrades amid ongoing regulatory embargoes. Global monetary easing has accelerated since November 2024, with the Bank of Indonesia surprising markets by cutting rates. Motilal Oswal denied bribery allegations concerning its asset management unit's investments.

GIFT NIFTY: Gift Nifty suggests a flat to positive opening for the Indian market amid firm global cues. Nifty spot likely to extend consolidation in the range of 23,000-23,400.

INDIA VIX: 15.75 | +0.28 (1.83%) ↑ today

Latest Market News

1. India to allow the export of 10 lakh metric tonnes of sugar.

2. DixonTech arm signs binding MoU with KHY Electronic to buy land and assets for Rs 133 cr.

3. IndusIndBank CFO Gobind Jain resigns, deputy CEO Arun Khurana to take charge.

4. HitachiEnergy to raise funds worth ₹4,200 cr via equity shares, QIP, and other means.

5. ZydusLifes receives USFDA approval to conduct phase II(b) clinical trial for Usnoflast. Usnoflast is a novel oral small-molecule NLRP3 Inhibitor.

6. FIIs net sell ₹3,318.06 cr while DIIs net buy ₹2,572.88 cr in equities.

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

1. Treasury Yields:

   • Treasury yields were little changed on Friday after sharply falling earlier in the week, as investors assess the U.S. inflation outlook. The 10-year Treasury was up one basis point at 4.617%. 

2. Currency:

   • The dollar index, which measures the U.S. currency against six other units, up 0.34% at 109.33.

3. Commodities:

   • Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump’s policies. Spot gold eased 0.4% to $2,701.03 per ounce.

   • Oil prices fell slightly on Friday but posted a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures lost 50 cents to close at $80.79 per barrel. 

Asian Markets

1. General Trends:

   • Asia-Pacific markets opened higher Monday, ahead of Donald Trump’s inauguration with investors awaiting greater clarity on the policies of the incoming U.S. administration.

2. Specific Index Performance:

   • Japan’s Nikkei 225 climbed 0.76% at the open, while the Topix added 0.74%. South Korea’s Kospi rose 0.43% and the Kosdaq advanced 0.36%.

India Market Outlook

1. Market in Previous Session:

   • Indian equity indices extended decline in the second consecutive week led by continued FII selling, further rupee depreciation and rising dollar and crude oil prices. The Indian rupee closed the week lower by 64 paise to end at 86.61 per dollar on January 17.

   • The Sensex was down 423.49 points or 0.55 per cent to close at 76,619.33, and the Nifty was down 108.60 points or 0.47 per cent to close at 23,203.20.

   • IT and banking stocks faced selling pressure on Friday. However, buying interest in oil & gas, power, PSU, realty, and metal stocks helped pare intraday losses. Midcap and Small-cap indices ended flat.

TRADE SETUP FOR JAN 20 

1. Nifty Short-Term Outlook:

   • The index snapped its three-session up move and closed lower on Friday. It has formed a bear candle with a long lower shadow highlighting consolidation.

   • Nifty on expected lines is seen consolidating in the range of 23,000-23,600. We expect the index to extend the current consolidation. stock-specific movements will continue as the Q3FY25 earnings season progresses. Volatility is expected to remain high in the coming week.

   • The index is experiencing a shallow retracement of the prior decline, reflecting the corrective nature of the ongoing pullback. A breakdown below 23,000 in the coming sessions will signal an extension of the decline towards 22,800-22,600. 

   • On the higher side, 23,500-23,600 remain key hurdles, being the confluence of 200 days EMA and the previous breakdown area.

2. Intraday Levels:

   • Nifty: Intraday resistance is at 23,300 followed by 23,390 levels. Conversely, downside support is located at 23,100, followed by 23,050.

   • Bank Nifty: Intraday resistance is positioned at 48,930, followed by 49,250, while downside support is found at 48,300, followed by 48,000.

Derivative Market Analysis

1. Nifty:

   • Aggressive call writing was observed up to the 23,200 level during yesterday’s trading session. A notable development is the highest addition of put OI shifting down to the 22,700 level. Previously, the critical level for put writers was 23,000, shifting this to 22700 is a distinctly bearish data point.

   • In the Nifty monthly options chain, the highest put OI remains at 23,000. However, 6% of the put OI at this level unwound yesterday, while call writing began at the 23,000 strike. These changes in both the weekly and monthly option chains indicate confidence among option writers regarding Nifty breaching the 23,000 level. Additionally, fresh short positions have emerged, with Nifty futures cumulative OI increasing by 4.6%. This reinforces our positional bearish outlook, suggesting that the bearish trend in Nifty is likely to persist.

2. Bank Nifty:

   • The Bank Nifty options chain displays even more pronounced bearish signals compared to Nifty. Aggressive call writing has been observed up to the 48,500 level, with marginal call writing and put unwinding across the 48,000, 47,000, and 46,000 strikes.

   • Short additions in Bank Nifty futures resumed yesterday after a pause over the past four trading sessions. Bank Nifty futures cumulative OI surged by 4%, and the Put-Call Ratio (PCR) based on OI decreased by 0.06 points to 0.55. These derivative data points strongly suggest that Bank Nifty is poised to resume its bearish trajectory, reinforcing its positional bearish trend.

US Share Market News

1. Performance Overview:

   • The S&P 500 ended a strong week on a high on Friday, as bullish bets on stocks continued just days ahead of President-elect Donald Trump's inauguration on Monday, which marks the transfer of presidential power. Investors remain confident and are now awaiting the inauguration of President-elect Donald Trump on Jan. 20, amid heightened speculation over his plans to impose trade tariffs on major economies, particularly China.

   • Gains in the technology, consumer goods, and telecoms sectors propelled shares higher.

   • The Bank of Japan is to hold its first policy meeting of the year on Thursday and Friday, it will be closely monitored.

   • U.S. markets will be closed on Monday for Martin Luther King Jr. Day.

2. Sector-Specific Movements:

   • The Dow Jones Industrial Average rose 0.78% to hit a new 1-month high, while the S&P 500 index gained 1.00%, and the NASDAQ Composite index gained 1.51%.

3. Economic Indicators: 

• Other than president Donald Trump starting its 2nd term on Monday.  The focus will also remain on the earnings season after a string of positive bank earnings this week. A slew of major tech, industrial, and consumer stocks are set to report earnings next week.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

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