Stock Market Live: Nifty In Correction Zone; Nifty IT Bucks Trend To Surge 2%, PSU Banks Under Pressure

Aditys Birla Fashion and Retail share price MARKETS was trading flat at Rs 276.45 all, after the company notified the board will consider fundraising plans via share trade on Jan. 15.

DAM Capital counsels are initiating content on Lloyds Essence & Energy with a' buy' standing and a target price of Rs 1,905, an implicit 33 downside over the former close. LMEL is awaiting blessing of adding mining capacity from 10 metric tonne to 55 mt and 25 mt finished ore in March quarter, which would give a significant enhancement in operating income FY26 onwards, the brokerage said.

Shares of CESC, Justdial and PCBL are trading lower ahead of their Q3 results. Shares of PSU banks declined during early trade on Friday.

NIFTY BANK was the top clunker with 3 falls. Union Bank of India, Central Bank of India, Punjab and Sind Bank and UCO Bank are the other banks facing decline of over 2.

JSW Steel share price was trading flat at Rs 890 all after its third quarter business update. JSW Steel reported a 3 time- on- time growth in Q3 Indian operations, with crude sword product rising to 6.82 million tonnes ( MT) compared to 6.63 MT in the same quarter last time.

Consolidated product also increased by 2 times- on- time to 7.03 MT, over from 6.87 MT. The company achieved its loftiest- MSCI AC Asia Pacific Index rose to its loftiest since early August, with Hong Kong stocks rallying as much as 3.4 before ending with 2 earnings.

Nikkei closed 0.9 advanced. Futures for European and US equities were steady after a specialized index showed US stocks are in overbought situations. The SENSEX zoomed 969.55 points to close at 71,483.75, and the NIFTY 50 rose 1.29 to 21,456.70. Midcaps and smallcaps ended in green but were overshadowed by the broader indicators. The Nifty IT indicator soared 4 led by Tata Consultancy Services Ltd, Infy, HCL Tech. Banks, essence and oil painting & gas were the other winner’s moment.