The key domestic indices traded with significant losses in afternoon trade as investors considered the likely consequences of Donald Trump's second term, focusing on US-China trade tensions, US Fed rate cuts, and global economic growth. The Nifty traded below the 23,200 level after hitting the day's high of 23,426.30 in early trade. Trading was volatile due to the weekly F&O series expiry of the Sensex today. Barring FMCG all the other sectroal indices on the NSE were traded in red with consumer durables and Realty shares witnessing steepest decline. At 13:25 IST, the barometer index, the S&P BSE Sensex, dropped 591.24 points or 0.77% to 76,489.11. The Nifty 50 index lost 146.20 points or 0.63% to 23,198.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.53% and the S&P BSE Small-Cap index declined 1.57%. The market breadth was weak. On the BSE, 1,280 shares rose and 2,568 shares fell. A total of 150 shares were unchanged. Gainers & Losers: Apollo Hospital Enterprise (up 3.05%), Ultratech Cement (up 2.02%), Bharat Petroleum Corporation (BPCL) (up 1.57%), Tata Consumer Products (up 1.56%) and HCL Technologies (up 1.04%) were the major Nifty gainers. Trent (down 4.71%), Adani Ports & Special Economic Zone (APSEZ) (down 2.52%), ICICI Bank (down 2.25%), NTPC (down 2.02%) and Adani Enterprises (down 1.69%) were the major Nifty losers. Stocks in Spotlight: Dixon Technologies (India) tumbled 13.08% after the company's consolidated net profit declined 47.48% to Rs 216.23 crore on 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25. Sunteck Realty advanced 1.62% after the company reported consolidated net profit of Rs 42.52 crore in Q3 FY25 as against net loss of Rs 9.73 crore in Q3 FY24. Revenue from operations stood at Rs 161.76 crore in the December 2024 quarter, registering a growth of 281.06% YoY. Jammu & Kashmir Bank declined 2.50%. The bank reported 26.23% jump in net profit to Rs 531.51 crore on 12.57% increase in total income to Rs 3,448.40 crore in Q3 FY25 over Q3 FY24. International Travel House (ITHL) tanked 8.08% after the company's standalone net profit tumbled 27.49% to Rs 5.38 crore in Q3 FY25 as against Rs 7.42 crore posted in Q3 FY24. Revenue from operations slipped 4.36% year on year (YoY) to Rs 58.27 crore in the quarter ended 31 December 2024. DEE Development Engineers rallied 5.03% after the firm commissioned 2nd phase of its manufacturing plant in Anjar, Gujarat, enhancing the capacity by 9,000 MT per annum. Venues remedies jumped 4.86% after the company successfully renewed its European good manufacturing practices (GMP) certification by infarmed, the national health authority of Medicines and Health products in Portugal. Glenmark Pharmaceuticals added 0.04% after the company's US-based division Glenmark Pharmaceuticals Inc. announced the launch Phytonadione Injectable Emulsion. Global Markets: The US Dow Jones index futures were currently up by 113 points, signalling a positive opening for US stocks today. Most of the European market declined as trader digested the first executive orders that newly inaugurated U.S. President Donald Trump signed on Monday. Further, investors will be keeping eye on the World Economic Forum this week. Most Asian shares traded mixed as market attention turned to upcoming central bank meetings in Asia later this week. Malaysia's central bank is expected to maintain its policy rate at 3% on Wednesday, while the Bank of Japan will hold its next policy meeting from January 23 to 24, with Governor Kazuo Ueda signaling potential interest rate hikes. President Donald Trump held off on imposing sweeping trade tariffs on his first day in office. Trump resumed his duties in the White House on Monday, a day after his inauguration and during the Martin Luther King, Jr. Day holiday, when U.S. stock market was closed. Sworn in as the 45th President of the United States on January 20, Trump emphasized his vision of America First in his inaugural address, focusing on economic revitalization, national security, and prioritizing domestic interests over globalization. Trump began his term with a series of executive orders aimed at fulfilling his campaign promises. These included measures to tighten immigration controls, lay the groundwork for a U.S.-Mexico border wall, boost fossil fuel production, and scale back environmental regulations. While he declared plans to address global trade practices, Trump opted not to impose new tariffs on the U.S.'s largest trading partners, signaling a more deliberate approach to trade relations. Instead, he directed his administration to combat unfair trade globally. Investors closely monitored these early actions, given Trump's promises to rapidly implement his agenda.Powered by Capital Market - Live

The key equity indices traded with major losses in mid-morning trade, as investors considered the likely consequences of Donald Trump's second term, focusing on US-China trade tensions, US Fed rate cuts and global economic growth. The Nifty traded below the 23,200 level after hitting the day's high of 23,426.30 in early trade. Realty shares witnessed profit booking after advancing in past five consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, dropped 762.83 points or 0.99% to 76,310.61. The Nifty 50 index lost 191.10 points or 0.82% to 23,153.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.54% and the S&P BSE Small-Cap index declined 1.46%. The market breadth was strong. On the BSE, 1,266 shares rose and 2,461 shares fell. A total of 148 shares were unchanged. Buzzing Index: The Nifty Realty index tumbled 3.40% to 913.25. The index rallied 4.77% in past five consecutive trading sessions. Oberoi Realty (down 8.22%), Macrotech Developers (down 4.87%), Phoenix Mills (down 2.7%), DLF (down 2.2%), Sobha (down 2.19%), Prestige Estates Projects (down 2.16%), Brigade Enterprises (down 1.71%), Raymond (down 1.56%), Mahindra Lifespace Developers (down 1.27%) and Godrej Properties (down 1.04%) declined. Stocks in Spotlight: Dixon Technologies (India) slumped 13.62% after the company's consolidated net profit declined 47.48% to Rs 216.23 crore on 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25. Oberoi Realty dropped 8.27%. The real estate developers consolidated net profit surged 71.70% to Rs 618.38 crore in Q3 FY25 as against Rs 360.15 crore posted in Q3 FY24. Revenue from operations climbed 33.92% to Rs 1,411.08 crore in Q3 FY25 as compared to Rs 1,053.64 crore recorded in the corresponding quarter last year. Multi Commodity Exchange of India (MCX) tumbled 10.74%. The company has reported a consolidated net profit of Rs 160.04 crore in Q3 FY25 as against net loss of Rs 5.35 crore posted in Q3 FY24. Revenue from operations jumped 57.35% year on year (YoY) to Rs 301.38 crore in the quarter ended 31 December 2024. Global Markets: The US Dow Jones index futures were currently up by 113 points, signalling a positive opening for US stocks today. Most Asian shares advanced as market attention turned to upcoming central bank meetings in Asia later this week. Malaysia's central bank is expected to maintain its policy rate at 3% on Wednesday, while the Bank of Japan will hold its next policy meeting from January 23 to 24, with Governor Kazuo Ueda signaling potential interest rate hikes. President Donald Trump held off on imposing sweeping trade tariffs on his first day in office. Trump resumed his duties in the White House on Monday, a day after his inauguration and during the Martin Luther King, Jr. Day holiday, when U.S. stock market was closed. Sworn in as the 45th President of the United States on January 20, Trump emphasized his vision of America First in his inaugural address, focusing on economic revitalization, national security, and prioritizing domestic interests over globalization. Trump began his term with a series of executive orders aimed at fulfilling his campaign promises. These included measures to tighten immigration controls, lay the groundwork for a U.S.-Mexico border wall, boost fossil fuel production, and scale back environmental regulations. While he declared plans to address global trade practices, Trump opted not to impose new tariffs on the U.S.'s largest trading partners, signaling a more deliberate approach to trade relations. Instead, he directed his administration to combat unfair trade globally. Investors closely monitored these early actions, given Trump's promises to rapidly implement his agenda. Powered by Capital Market - Live

On year on year (YoY) basis, the company's consolidated net profit and revenue surged 122.76% and 116.96% respectively in Q3 FY25. A foreign broker issued an 'underperform rating with a price target of Rs 12,600, suggesting potential 28% drop from Monday's closing levels. Brokerage citied that the mobile PLI tenure expires in 2026 and that consumer electronic sales were down 32$% on a year-on-year basis. At FY26, P/E ratio of 107x makes Dixon's risk-reward appear stretched. Profit before tax (PBT) stood at Rs 285.13 crore in Q3 FY25, steeply higher than Rs 125.74 crore in Q3 FY24. EBITDA surged 113% to Rs 398 crore in Q3 FY25 as compared with Rs 187 crore in Q3 FY24.EBITDA margin fell to 3.8% in Q3 FY25 from 3.9% in Q3 FY24. Revenue from mobile & EMS divisions soared 190% to Rs 9,305 crore during the quarter as against Rs 3,214 crore in Q3 FY24. Operating profit surged 210% to Rs 322 crore in Q3 FY25 as compared with Rs 104 crore posted in same quarter last year. In Q3 FY25, revenue from Home Appliances was at Rs 315 crore (up 9% YoY), and Lighting Products revenue stood at Rs 201 crore (down 7% YoY) while revenue from consumer electronics & appliances stood at Rs 633 crore (down 32% YoY). Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.Powered by Capital Market - Live

Net profit of Dixon Technologies (India) rose 77.51% to Rs 171.19 crore in the quarter ended December 2024 as against Rs 96.44 crore during the previous quarter ended December 2023. Sales rose 116.96% to Rs 10453.68 crore in the quarter ended December 2024 as against Rs 4818.25 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales10453.684818.25 117 OPM %3.743.83 - PBDT359.73166.44 116 PBT285.13125.74 127 NP171.1996.44 78 Powered by Capital Market - Live

Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live

Cellecor Gadgets (Cellecor) is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. The company offers a wide range of products, including mobile phones, smart TVs, soundbars, smartwatches, kitchen appliances, and home appliances such as washing machines, air conditioners, refrigerators, air coolers, geysers, and heaters, among others. Atul B. Lall, vice chairman & managing director of Dixon Technologies, stated that 'We are delighted to announce that Dixon Electro Manufacturing has entered into an MOU with Cellecor for manufacturing of Refrigerators and its related components. By this partnership, Dixon Electro Manufacturing will increase its customer base in Refrigerator segment. Further, this partnership represents a strategic milestone and commitment to the 'Make in India' initiative and to cater to the evolving needs of Indian consumers.' The official announcement was made after market hours on 26 December 2024. Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company's consolidated net profit surged 263.3% to Rs 536.49 crore on a 133.3% jump in net sales to Rs 11,534.08 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.07% to Rs 17,996.75 on the BSE. Powered by Capital Market - Live

Dixon Technologies (India) Ltd rose 2.57% today to trade at Rs 18474. The BSE Consumer Durables index is up 0.62% to quote at 64651.78. The index is up 3.22 % over last one month. Among the other constituents of the index, Blue Star Ltd increased 1.93% and Supreme Industries Ltd added 1.15% on the day. The BSE Consumer Durables index went up 29.21 % over last one year compared to the 8.74% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has added 18.29% over last one month compared to 3.22% gain in BSE Consumer Durables index and 1.87% drop in the SENSEX. On the BSE, 801 shares were traded in the counter so far compared with average daily volumes of 22858 shares in the past one month. The stock hit a record high of Rs 19149.8 on 17 Dec 2024. The stock hit a 52-week low of Rs 5785 on 24 Jan 2024.Powered by Capital Market - Live

In the proposed JV, Dixon Tech will hold a 51% stake, while Vivo India will hold the remaining 49%. It will focus on original equipment manufacturing (OEM) of electronic devices, including smartphones. 'The parties will agree on an optimum structure and the relevant terms and conditions to be set out in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent, and receipt of applicable regulatory approvals, including as required under the foreign exchange control laws of India,' the firm stated in an exchange filing. Atul B. Lall, vice chairman and managing director of Dixon, said, 'It gives us immense pleasure to partner with Vivo India, which is an iconic global brand, and we see them as an ideal strategic partner that shares our core values of quality, engineering prowess, and customer satisfaction. We believe that this association will bolster our manufacturing excellence and superior execution abilities and Vivo's leadership in the Indian business ecosystem.' Jerome Chen, CEO of Vivo India, said, 'We are delighted to sign a term sheet with Dixon, which boasts rich localized management experience and outstanding professional manufacturing prowess. The proposed joint venture will undertake part of Vivo's OEM orders of smartphones in India and can also engage in OEM business of various electronic products of other brands. This partnership will effectively complement the current manufacturing operations of Vivo India.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company's consolidated net profit surged 263.3% to Rs 536.49 crore on a 133.3% jump in net sales to Rs 11,534.08 crore in Q2 FY25 over Q2 FY24. The counter hit a new life high of Rs 18,739.95 intraday today. Powered by Capital Market - Live

Securities in F&O Ban: Granules India, Hindustan Copper, Metropolis Healthcare, Manappuram Finance, National Aluminium, PVRInox, RBL Bank, SAIL. Stocks to watch: RITES, an engineering consultancy company, has secured an order worth Rs 297.67 crore from the Ministry of External Affairs, Government of India. Lupin has announced the acquisition of anti-diabetes trademarks GIBTULIO, GIBTULIO MET and AJADUO from Boehringer Ingelheim International GmbH (Boehringer Ingelheim), to strengthen its diabetes portfolio in the country. HBL Power Systems has received an order worth Rs 1,522.40 crore from Chittaranjan Locomotive Works (CLW) for the supply, installation and commissioning of the KAVACH (Train Collision Avoidance System) equipment in locomotives. Zinka Logistics Solutions (BlackBuck) reported consolidated net loss of Rs 269.46 crore in Q2 FY25 as compared with net loss of Rs 47.66 crore posted in the corresponding quarter last year. Revenue from operations jumped 55.89% YoY to Rs 98.77 crore in Q2 FY25. Aeroflex Industries said that its board has approved a proposal for raising of funds by way of issuance of such number of equity shares for an aggregate amount not exceeding Rs 400 crore by way of qualified institutions placement (QIP). Aurobindo Pharma has announced that its wholly owned subsidiary, CuraTeQ Biologics, has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) regarding its product Zefylti. Dixon Technologies (India) signed binding term sheet with VIVO Mobile (vivo India) to form joint venture fro carrying put the OEM business of electronic devices.Powered by Capital Market - Live

Dixon Technologies (India) has allotted 4,400 equity shares under ESOP on 02 December 2024. With this allotment, the paid up equity share capital has increased from Rs. 12,01,33,650 to Rs. 12,01,42,450. Powered by Capital Market - Live