Share Market Live Updates 16 January 2025: Stock to buy today: Minda Corporation (₹568.65) BUY

Stock market live updates today: Kalyan Jewellers crashes 32% in the last nine trading sessions

Kalyan Jewellers India Ltd – the Thrissur (Kerala) based Jewellery maker, has crashed 32% in the last nine trading sessions. It has has been on a losing streak after the December quarter business update, though it showed continued outperformance on growth.

It reported a consolidated revenue growth of 39% YoY Q3CFY. For the India business, its revenue grew 41% YoY during Q3, led by very strong festive and wedding demand across both gold and studded categories. The quarter recorded healthy same-store-sales-growth of nearly 24% YoY.

It has launched 24 Kalyan showrooms in India during the quarter, with a strong pipeline of showrooms set to open in Q4CFY. 

Over the past two and a half years, it has delivered consistent performance. For FY26, it trades at 67X P/E. The shares are trading lower than the 10 day, 20 day, 30 day, 50 day, 100 day and 200 day moving averages.

Stock market live updates today: U.S. Core CPI m/m 

Current: 0.2% 

Expected: 0.3% 

Previous: 0.3% 

U.S. CPI m/m 

Current: 0.4% 

Expected: 0.4% 

Previous: 0.3% 

U.S. CPI y/y 

Current: 2.9% 

Expected: 2.9% 

Previous: 2.7% 

(Data seen lower than estimates, negative for U.S. Dollar)

Stock market live updates today: Fund Flow Activity

15 January 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 92452.92 + 5721.71 Total: 98174.63

F&O Volume: 19326858.69 + 966334.48 Total: 20293193.17

Provisional Cash

FII/FPI: NET SELL: -4533.49 

(11035.43 – 15568.92) 

DII: NET BUY: +3682.54 

(14429.64 – 10747.1)

Stock market live updates today: HDFC LIFE Q3  

* Total APE at Rs 3569 crore versus poll Rs 3488 crore 

* VNB at Rs 930 crore versus poll Rs 869 crore 

* PAT at Rs 414 crore versus poll Rs 400 crore 

(Numbers seen inline with estimates)

Stock market live updates today: LTTS Q3  

* Revenue at Rs 2653 crore versus poll Rs 2663 crore 

* EBIT at Rs 422 crore versus poll Rs 411 crore 

* EBIT margin at 15.9% versus poll 15.4% 

* Net profit at Rs 322 crore versus poll Rs 330 crore 

(Numbers seen inline with estimates, $ revenue pending yet)

Guidance Near 10% revenue growth in constant currency is projected versus last projection of 8-10%.

Stock market live updates today: RBI to conduct daily VRR auctions starting January 16 amid liquidity deficit

To ease liquidity tightness in the banking system, the Reserve Bank of India (RBI) has decided to conduct daily Variable Rate Repo (VRR) auctions until further notice. The first such auction will be conducted on January 16 for ₹50,000 crore. Read more

Stock market live updates today: Falling rupee seen fuelling inflation; may have a bearing on rate cut

Ahead of the next meeting of the RBI’s Monetary Policy Committee (MPC), a weakening rupee poses a new threat to inflation. Economists believe that any rise in the import bill of pulses, edible oils, inputs for electronic goods and crude oil is likely to impact inflation which, in turn, could have a bearing on rate review deliberations by the MPC. Read more

Stock market live updates today: U.S. consumer prices see largest gain in nine months; core inflation shows signs of easing

U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve’s projections for fewer interest rate cuts this year. Read more

Stock market live updates today: Today’s Stock Recommendation: January 16, 2025

Stock market live updates today: Stock to buy today: Minda Corporation (₹568.65) BUY

The short-term outlook is bullish for Minda Corporation. The stock surged about 5 per cent on Wednesday and has closed on a strong note. This rise has made a bullish breakout of its sideways range that was in place since mid-October last year. The region around ₹550 will now act as a strong support and limit the downside in case of any intermediate dip. Read more