homemarket NewsMarket Highlights: Sensex ends over 750 points lower and Nifty 50 below 17,950, Nifty Bank down 1,000 points

Market Highlights: Sensex ends over 750 points lower and Nifty 50 below 17,950, Nifty Bank down 1,000 points

Market Highlights: Sensex ends over 750 points lower and Nifty 50 below 17,950, Nifty Bank down 1,000 points
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended lower on Wednesday. Loses in financial and oil, gas shares led the headline indices lower. FMCG shares, however, ended with gains. Investors await more of financial results from India Inc for domestic cues, with Bajaj Auto, Dr Reddy's and Tata Motors due to post their earnings later in the day. Cipla reported its quarterly numbers earlier in the day.

Thank you, readers! That's all from CNBCTV18.com's live market coverage on January 25, 2023. Stay tuned for other updates on our website: CNBCTV18.com.

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Jan 25, 2023 4:17 PM

Share Market Update | M&M and Maruti top picks in auto: Prakash Diwan

"My top pick continues to be Mahindra and Mahindra (M&M) and Maruti Suzuki for different reasons, of course. These two definitely seem to be very strong at the moment," says market expert Prakash Diwan.

Jan 25, 2023 3:48 PM

Market at Close | Sensex and Nifty 50 ends lower, market posts biggest single-day fall 

-- Adani group erases mkt cap of Rs 1 lakh crore, Adani Ports, Ambuja, ACC top losers.

-- Adani group stocks see major fall on Hindenburg report, stocks down up to seven percent. 

-- Financials drag Nifty the most with all Nifty Bank constituents closing lower.

-- Autos support market following healthy earnings from Maruti, TVS and Bajaj Auto

-- Cipla reports a mixed set of earnings, stock sees a cut of two percent. 

-- Indus tower slides seven percent after reporting a quarterly loss for the first time. 

-- Granules India’s increased capex leads to a fall of seven percent in the stock price

-- Concor, USL, SBI Card fall as well on quarterly earnings.

-- Market breadth favours declines, advance-decline ratio at 1:3.​

Jan 25, 2023 3:38 PM

Stock Market News | TeamLease reports December quarter earnings

-- Net profit down 9.1 percent at  Rs 29 crore vs Rs 31.9 crore quarter-on-quarter

-- Revenue up 2.7 percent at Rs 2,008.3 crore vs Rs 1,955.1 crore quarter-on-quarter

-- EBITDA flat at Rs 31.7 crore vs Rs 31.7 crore quarter-on-quarter

-- EBITDA margin flat at 1.6 percent vs 1.6 percent quarter-on-quarter

Jan 25, 2023 3:27 PM

Share Market Live | Happiest Minds acquires Sri Mookambika Infosolutions for Rs 111 crore

Jan 25, 2023 3:14 PM

Share Market Updates | Ashoka Buildcon bags project worth Rs 2,161 crore from NHAI

Jan 25, 2023 3:11 PM

Share Market Update | Kush Bohra's view on Infosys

"Definitely hold on this one, the stock has rebounded quite a bit, the only suggestion I would have for the gentleman here is hold it with trailing stop loss of Rs 1,510. In case the stock were to drop below that it could see a bit of a medium term downtrend or near term downtrend and he will still be in a profit if he exits, at Rs 1,510 those levels. Couple of averages converging there, that is why the level becomes critical. Otherwise, hold on to the stock, nothing to worry about as of now Rs 1,600-1,620 is where I would place my target one and target two," Kush Bohra, Founder, kushbohra.com.

Jan 25, 2023 3:00 PM

Share Market Update | PNB Housing Finance looking at 22-25 percent growth in disbursals in FY24

PNB Housing Finance is positioning itself for steady growth in the coming fiscal year, with a focus on affordable housing and a balanced loan mix. The company's strong book retention and targeted net interest margin and spreads also indicate a commitment to maintaining financial stability. (Read more)

Jan 25, 2023 2:43 PM

Share Market Update | Cipla reports December quarter earnings

Net profit at Rs 801 crore vs CNBC-TV18 poll of Rs 944.4 crore

Jan 25, 2023 2:27 PM

Stock Market Update | Motherson Sumi Wiring down for seventh day

- Shares trading with losses of 0.3 percent
- Declining for the seventh day in a row
- Stock has declined in 11 out of the last 12 trading sessions
- In eight out of the last 11 trading sessions, the stock has declined less than 1 percent

Jan 25, 2023 2:07 PM

Stock Market Update | Go Fashion Reports Q3 Earnings (YoY)

- Revenue up 24.4 percent to Rs 176.7 crore
- Net profit up 2.5 percent to Rs 24.3 crore
- EBITDA up 13.4 percent to Rs 59.1 crore
- EBITDA margin narrows to 33.4 percent from 36.7 percent
- Shares trade 1 percent lower at Rs 1,103.95.

Jan 25, 2023 1:57 PM

Hindenburg's report is a malicious combination of selective misinformation and stale: Adani Group 

Jugeshinder Singh, Group CFO, Adani, on Wednesday responded to Hindenburg Research's report published on Jan 24. "We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix. The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts." 

Singh added that the timing of the report’s publication "clearly betrays a brazen, mala fide intention to undermine the Adani Group’s reputation" with an objective of affecting the upcoming Follow-on Public Offering.

Jan 25, 2023 1:41 PM

Share Market Live | Vardhman Textiles reports December quarter earnings 

-- Net profit down 76.2 percent at Rs 102 crore vs Rs 429 crore year-on-year

-- Revenue up 72.1 percent at Rs 2,370 crore vs Rs 1,377.7 crore year-on-year

-- EBITDA down 71 percent at Rs 178.5 crore vs Rs 619 crore year-on-year

-- Margin at 7.5 percent vs 23.8 percent year-on-year

Jan 25, 2023 1:29 PM

Stock Market Live | Nifty Auto is the only sectoral indice trading in green 

-- The indice is up 0.1 percent at this hour. 

Jan 25, 2023 1:12 PM

Share Market Live | Swaraj Engines reports December quarter earnings 

-- Net profit up 9.5 percent at Rs 23 crore vs Rs 21 crore year-on-year     

-- Revenue up 17.5 percent at Rs 279 crore vs Rs 237 crore year-on-year    

-- EBITDA up 14.4 percent at Rs 33.3 crore vs Rs 29.1 crore year-on-year 

-- Margin at 12 percent vs 12.2 percent year-on-year.      

Jan 25, 2023 12:55 PM

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