Latest Stock Market News

The Indian market is expected to open higher on Tuesday, supported by positive global cues. Nifty futures closed lower on Monday, with options data suggesting a broader trading range between 22,500 and 23,500. Experts recommend several stocks for short-term traders, including Biocon, Marico, Jindal Steel & Power, and Tata Communications, based on technical analysis and target prices.

Sensex and Nifty50 opened higher on Tuesday, rebounding from seven-month lows with gains in banking, auto, and energy stocks. Zomato soared over 3% following a significant block deal, while HCL Tech dropped nearly 8% after disappointing quarterly revenue results, leading early trade movements.

Axis Securities gives an overweight call on Aurobindo Pharma with a target price of Rs 1,500. The current market price is Rs 1173.85. The company is a large cap firm in the pharmaceutical sector with a market cap of Rs 67529.80 crore. Key products include pharmaceuticals and export incentives. The company reported a net profit of Rs 816.

JSW Energy shares rose 4.39% after the company became the successful applicant to acquire KSK Mahanadi Power Company, which owns a 3,600 MW thermal plant. The acquisition, pending regulatory approvals, will increase JSW Energy’s total thermal generation capacity to 7.5 GW and overall capacity to 28.2 GW, bringing it closer to its 2030 target.

HDFC Life is anticipated to see a 21% year-on-year increase in profit to Rs 443 crore in the third quarter. However, the value of new business growth is likely to be between 19-21% YoY, with a predicted decline in margins. Investors will monitor product mix, surrender value regulation changes, and bank channel sales guidance.

Mayuresh Joshi discusses the impact of strong US economic data on global markets and Indian equities, highlighting a robust dollar, FII pullbacks, and potential future earnings growth. He notes emerging markets, including India, facing premium valuation challenges, yet holds a cautiously optimistic view on Indian market resilience.

Quadrant Future Tek IPO saw a strong debut, listing at a 29% premium over its issue price, driven by high demand from non-institutional and retail investors. Specializing in cables and train control systems, the company is well-positioned to benefit from the growth in the Indian railways sector, particularly the KAVACH project.

On the technical charts, the RSI of the stock stood at 44.95.

Indian stock markets, including equity, derivatives, and MCX, will remain open on Makar Sankranti (January 14). The BSE and NSE holiday calendars for 2025 include 14 trading holidays. February 26, Mahashivratri, will be the first market closure. Benchmark indices, Sensex and Nifty50, opened higher on January 14, rebounding from previous lows due to gains in banking, auto, and energy sectors.