Equity benchmarks made a positive opening, witnessed range-bound trading, and ended a 4-day losing streak. Data reports showed a drop in consumer price inflation and a rise in direct tax collection, contributing to the positive mood in the markets. Wholesale inflation surged in December 2024 due to increased prices of non-food articles, electricity, and coal. Fitch Ratings' January update of the 'India Corporates Credit Trends' report said that India's steady GDP growth outlook, improved banking sector's financial health, and expected interest-rate cuts in 2025 will support credit access for corporates in FY26. The market was focusing on the release of US inflation data this week.
| Sensex | 76,499.63 | +169.62 | 0.22% |
| Nifty 50 | 23,207.60 | +121.65 | 0.53% |
| Nifty Bank | 48,729.15 | +687.90 | 1.43% |
| Dow Jones | 42,297.12 | +358.67 | 0.86% |
| SGX | 23,268.00 | +3.0 | +0.01% |
NIFTY 50 FUT
CORPORATE NEWS
- TRAI recommend service authorization framework to replace licensing system.
- JSW power acquire KSK Mahanadi power plant acquisition.
- JSW cement will launch ₹4000 cr IPO.
- Coforge, Fortis Healthcare, Paytm among 8 stocks likely to enter in MSCI index.
- PAG acquire parvesha industries at valuation of ₹1700 cr.
- Quadrent future Tek IPO launch today of ₹290 cr.
CORPORATE ACTIONS
| Symbol | Face Value | Purpose | Ex-Date | Record Date |
| CESC | 1 | Interim Dividend - Rs 4.50 Per Share | 16-Jan-25 | 16-Jan-25 |
| PCBL | 1 | Interim Dividend - Rs 5.50 Per Share | 16-Jan-25 | 16-Jan-25 |
| TCS | 1 | Interim Dividend - Rs 10 Per Share Special Dividend - Rs 66 Per Share | 17-Jan-25 | 17-Jan-25 |
| JAIBALAJI | 10 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share | 17-Jan-25 | 17-Jan-25 |
| KITEX | 1 | Bonus 2:1 | 17-Jan-25 | 17-Jan-25 |
| NAVA | 2 | Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share | 20-Jan-25 | 20-Jan-25 |
KEY SUPPORT & RESISTANCE LEVELS
| Company | LTP | Resistance | Support | ||
| R1 | R2 | S1 | S2 | ||
| NIFTY 50 | 23,207.60 | 23498 | 23788 | 22883 | 22558 |
| NIFTY BANK | 48,729.15 | 49338 | 49947 | 48047 | 47365 |
| FINNIFTY | 22,722.15 | 23006 | 23290 | 22404 | 22086 |
| ADANIENT | 2,382.00 | 2412 | 2442 | 2349 | 2315 |
| ADANIPORTS | 1122.65 | 1137 | 1151 | 1107 | 1091 |
| SHRIRAMFIN | 546.75 | 554 | 560 | 539 | 531 |
| NTPC | 312.30 | 316 | 320 | 308 | 304 |
| HINDALCO | 590.35 | 598 | 605 | 582 | 574 |
| BEL | 270.55 | 274 | 277 | 267 | 263 |
| TATASTEEL | 127.22 | 129 | 130 | 125 | 124 |
| BAJAJFINSV | 1,727.00 | 1749 | 1770 | 1703 | 1679 |
| SBIN | 750.5 | 760 | 769 | 740 | 729 |
| TATAMOTORS | 772.30 | 782 | 792 | 761 | 751 |
| BAJFINANCE | 7342.1 | 7434 | 7526 | 7239 | 7137 |
| INDUSINDBK | 964 | 976 | 988 | 951 | 937 |
| JSWSTEEL | 904.25 | 916 | 927 | 892 | 879 |
| BPCL | 271.25 | 275 | 278 | 267 | 264 |
| MARUTI | 11745 | 11892 | 12039 | 11581 | 11416 |
| COALINDIA | 370.00 | 375 | 379 | 365 | 360 |
| ONGC | 260.6 | 264 | 267 | 257 | 253 |
| EICHERMOT | 5,033.10 | 5096 | 5159 | 4963 | 4892 |
| M&M | 3051.5 | 3090 | 3128 | 3009 | 2966 |
| SBILIFE | 1492.15 | 1511 | 1529 | 1471 | 1450 |
| SUNPHARMA | 1,774.50 | 1797 | 1819 | 1750 | 1725 |
| HEROMOTOCO | 4107 | 4158 | 4210 | 4050 | 3992 |
| POWERGRID | 292 | 296 | 299 | 288 | 284 |
| HDFCBANK | 1,650.75 | 1671 | 1692 | 1628 | 1605 |
| KOTAKBANK | 1,759.50 | 1781 | 1803 | 1735 | 1710 |
| ICICIBANK | 1,242.95 | 1258 | 1274 | 1226 | 1208 |
| GRASIM | 2311.25 | 2340 | 2369 | 2279 | 2247 |
| AXISBANK | 1055.5 | 1069 | 1082 | 1041 | 1026 |
| CIPLA | 1,444.95 | 1463 | 1481 | 1425 | 1404 |
| WIPRO | 292.90 | 297 | 300 | 289 | 285 |
| BAJAJ-AUTO | 8,618.00 | 8726 | 8833 | 8497 | 8377 |
| HDFCLIFE | 600.95 | 608 | 616 | 593 | 584 |
| DRREDDY | 1,337.00 | 1354 | 1370 | 1318 | 1300 |
| LT | 3465 | 3508 | 3552 | 3416 | 3368 |
| RELIANCE | 1239 | 1254 | 1270 | 1222 | 1204 |
| BHARTIARTL | 1594.05 | 1614 | 1634 | 1572 | 1549 |
| ITC | 436.95 | 442 | 448 | 431 | 425 |
| NESTLEIND | 2225 | 2253 | 2281 | 2194 | 2163 |
| ASIANPAINT | 2,240.00 | 2268 | 2296 | 2209 | 2177 |
| TATACONSUM | 959.35 | 971 | 983 | 946 | 932 |
| TECHM | 1,647.10 | 1668 | 1688 | 1624 | 1601 |
| TRENT | 6160 | 6237 | 6314 | 6074 | 5988 |
| ULTRACEMCO | 10,500.00 | 10631 | 10763 | 10353 | 10206 |
| BRITANNIA | 4,870.05 | 4931 | 4992 | 4802 | 4734 |
| TCS | 4,241.15 | 4294 | 4347 | 4182 | 4122 |
| INFY | 1,938.00 | 1962 | 1986 | 1911 | 1884 |
| TITAN | 3335 | 3377 | 3418 | 3288 | 3242 |
| APOLLOHOSP | 6,716.00 | 6800 | 6884 | 6622 | 6528 |
| HINDUNILVR | 2,369.00 | 2399 | 2428 | 2336 | 2303 |
| HCLTECH | 1,819.95 | 1843 | 1865 | 1794 | 1769 |
CHART OF THE DAY
