SENSEX up 300 pts in morning trade, NIFTY50 above 23,200; Shoppers Stop surges up to 11% on Q3 nos

At 10:31 AM, the S&P BSE SENSEX was trading at 76,805.76 levels, up 306.13 points, or 0.40%, while the broader NIFTY50 index was trading at 23,234.95, up 58.90 points, or 0.25%.

On the Nifty 50 index, 27 stocks were trading in the green while 23 were trading in the red.

The top five gainers were Maruti, NTPC, Adani Ports, BPCL, and Kotak Mahindra Bank.

The top five losers were Bajaj Finserv, Shriram Finance, Bajaj Finance, M&M, and SBI Life.

Stocks in news

Bank of Maharashtra: Bank of Maharashtra, the state-run lender, will release its financial results for the quarter ended December 31, 2024 (Q3 FY25) on Wednesday, January 15.

Shares of the PSB slipped as much as 4.5% to ₹50.36 apiece on the NSE in the early trade.

The public sector bank posted a 44% jump in its profit at ₹1,327 crore for the second quarter ended September 2024 (Q2 FY25) on account of improvement in interest income.

Broader Market

The BSE MidCap index was trading at 43,271.36 levels, down 26.52 points, or 0.06%, while the BSE SmallCap index was trading at 51,477.14, up 80.95 points, or 0.16%.

Sector Watch

Barring healthcare, pharma, and consumer durables, all sectoral indices were trading in the green.

The biggest gainer was the power index.

The BSE POWER index was trading at 6,570.73, up 145.39 points, or 2.26%.

Global Markets

Global markets trod water on Wednesday ahead of US consumer price data that could potentially lower the possibility for a rate cut this year, while investors waited to see if the earnings of big banks would match sky-high expectations.

US equity futures were slightly firmer in Asia, with S&P 500 futures up 0.1% and Nasdaq 100 futures up 0.2%. Japan's Nikkei gave up earlier gains to be off 0.1%, extending its losing streak to five days.