Stock Market

Sensex Today | Stock Market LIVE Updates: Sensex off day’s high, surges 300 points, Nifty above 21,600; realty & healthcare top sectoral gainers


02:25:45 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Tata Motors shares hit 52-week high on JLR Q3 updates

Shares of Tata Motors jumped 3% to hit their 52-week peak of Rs 809.20 on Tuesday after the company reported a 27% uptick in Jaguar Land Rover (JLR) wholesales for the quarter ended December 30, 2023 at 101,043 units. Sequentially it was up 4%.

Following the updates, brokerage Motilal Oswal reiterated a buy on the Tata Motors stock for a price target of Rs 800 which is a 14% upside over the Monday closing price of Rs 789.

02:16:49 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Infibeam Avenues signs Rs 2000 crore MoU with Gujarat Government

01:54:04 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour

01:32:47 PM IST, 09 January 2024

Stock Market LIVE Updates: Zee clarifies on news reports of Sony terminating $10 billion merger; says committed to merger with Sony India

“We would like to clarify that the report is baseless and factually incorrect. We wish to reiterate that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger,” the company said in its latest BSE filing.

01:07:38 PM IST, 09 January 2024

Stock Market LIVE Updates: Global Market Wrap

  • S&P 500 futures were little changed as of 6:43 a.m. London time
  • S&P/ASX 200 futures were little changed
  • Hong Kong’s Hang Seng rose 0.2%
  • The Shanghai Composite rose 0.3%
  • Euro Stoxx 50 futures rose 0.3%

12:44:11 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Jyoti CNC IPO fully subscribed on first day of sale

12:36:18 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: REC signs pacts to finance Rs 16,000 crore worth highway projects

REC Limited has signed four MoUs worth Rs. 16,000 crore with Dilip Buildcon Limited, GMR Power & Urban Infra, CDS Infra Projects Limited & DP Jain & Co. Infrastructure Pvt. Ltd for financing road and highway projects, according to an official statement issued on Tuesday.

The public sector Maharatna company hosted a conference on ‘Financing for Roads and Highways’, to bring all key stakeholders under one roof and to discuss financing aspects of the sector.

12:32:01 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Bharat Forge enters into MoU with Govt Of Tamil Nadu; MoU for investing up to Rs 1000 crore

12:14:36 PM IST, 09 January 2024

Stock Market LIVE Updates: Bharti Airtel says Airtel Business to power 20 million smart meters for Adani Energy Solutions.

12:01:31 PM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Coal India Limited (CIL) has begun tranche-VII of the linkage auction to non-regulated sector (NRS) within days of completion of tranche-VI.

11:57:31 AM IST, 09 January 2024

Stock Market LIVE Updates: Zerodha Fund House launches India’s first Growth Liquid ETF

Zerodha Fund House announced the launch of its new scheme and India’s first Growth Liquid ETF – Zerodha Nifty 1D Rate Liquid ETF. The fund is expected to be listed on NSE and BSE exchanges by the 24th January, 2024.

Vishal Jain, CEO, Zerodha Fund House said, “This new product from ZFH marks the arrival of liquid ETFs that offer a Growth NAV for the first time in India. This feature makes it easier to track the ETF’s performance. Additionally, the returns are taxed only when the ETF is sold, as compared to daily dividend which is taxed continuously. To further enable more retail investors, the ETF will have a lower ticket size, starting with a NAV of 100.”

11:44:34 AM IST, 09 January 2024

Japan’s Nikkei hits 33-year high as tech stocks surge

Japan’s Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares.

The Nikkei was up 1.44% at 33858.63 by the mid-day break, after hitting a 33-year high of 33990.28 earlier. Of the 225 stocks on the index, 151 advanced.

11:33:58 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: HDFC Life Insurance Company gets order for tax demand of Rs 17.87 crore

  • gets order for penalty of 17.9 mln rupees
  • shares trade with cuts

11:24:23 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to undertake an audit of loan claims filed by the lender under a guarantee scheme.

11:20:37 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Rushil Decor awarded 3 starexport house certification from Government of India; stock up 3%

11:09:41 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: These 5 Nifty50 stocks hit 52-week high today

11:05:10 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Update | Bajaj Auto share buyback acceptance scenarios:

  • Base Case: General category (institutional) acceptance estimated at ~1.3%. Potential yield: ~55-60 bps at CMP.
  • Retail: As per initial calculations the anticipated acceptance ranges between 4% to 10%.
  • Note: If promoters opt out (unlikely), general acceptance might rise to ~3%, with retail acceptance unchanged.

10:57:23 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Larsen and Toubro says L&T Construction wins significant order

  • L&T Construction wins a significant order for its buildings & factories business
  • Order between 10-25 billion rupees
  • stock up 2%

10:48:21 AM IST, 09 January 2024

Sensex LIVE Updates: Sensex surges over 600 points, nears 72K

10:37:04 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Genesys’ New India Map Platform adopted as official map forAyodhya, by Ayodhya Development Authority; stock rises 4%

10:32:03 AM IST, 09 January 2024

Stock Market LIVE Updates: Retail portion sails through in Jyoti CNC IPO in less than 30 mins

  • QIP: Nil
  • NII: 27%
  • Retail: 1.34x
  • Employee: 39%
  • Overall: 32%

10:29:51 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Inox Wind receives LoI for 50 MW wind project from NLC India Limited, a Navratna CPSU

10:23:58 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Jefferies upgraded Mindspace REIT to Buy rating from Hold earlier and raised the target price to Rs 365 from Rs 310 earlier. Prestige Estate was downgraded to underperform from hold but raised the target price to Rs 1,000 from Rs 750 earlier. Sobha was downgraded to hold from buy but the target price was raised to Rs 1,265 from Rs 900 earlier.

10:20:11 AM IST, 09 January 2024

Stock Market LIVE Updates: India bond yields decline on optimism over likely Bloomberg index inclusion

Indian government bond yields fell in the early session on Tuesday, following a proposal to include eligible domestic bonds in the Bloomberg Emerging Market Local Currency index, which will bring foreign inflows in India. India’s 10-year benchmark bond yield was at 7.1866% as of 10:00 a.m. IST, against its previous close at 7.2016%. Bloomberg Index Services’ proposal on Monday came a few months after JPMorgan said it would include India in its widely tracked emerging market debt index in June.

10:05:35 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: JPMorgan maintained an overweight rating on Tata Motors with a target price of Rs 925. JLR wholesales improved, and the mix remains strong.

10:03:21 AM IST, 09 January 2024

Jyoti CNC Automation IPO opens: Should you subscribe this Rs 1,000-crore offer?

09:52:07 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: JSW Steel’s consolidated crude steel production for Q3 FY24 grew by 12% YoY.

09:40:46 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: RailTel Corporation of India receives work order worth to Rs. 39.88 Crore from Bihar Education Project Council for supply ofteaching learning material.

09:34:12 AM IST, 09 January 2024

Stock Market View | Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The 197 point decline in Nifty yesterday despite marginal buying by both FIIs and DIIs indicates strong build up of short positions in the market. Long positions are steadily declining and short positions are building up. This short build up is on bearish expectations that the present high valuations are difficult to sustain and some triggers may lead to sharp corrections.

This expectation need not be realised since global cues have again turned positive on a rally in the US market. Domestic cues are looking good. Buy on dips strategy may work again leading to some short covering.

Strong JLR numbers from Tata Motors and the attractive buy back offer from Bajaj Auto will give support to the Nifty Auto Index. The real estate segment is doing well and the margin expansion happening in the industry bodes well for the sector. But the good news is in the price.

09:31:41 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Keystone Realtors Q3 pre-sales up 42% Y/Y; stock rises 2%

09:23:02 AM IST, 09 January 2024

Stock Market LIVE Updates: Shares of India’s Zee Entertainment fell 10% in early trade on Tuesday, a day after Bloomberg reported that Japan’s Sony was planning to scrap the $10 billion merger of its India unit with the broadcaster.

09:22:12 AM IST, 09 January 2024

Rupee rises 9 paise to 83.05 against US dollar in early trade.

09:21:54 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Shares of Bajaj Auto rose over 5% on Tuesday after the company said it will buy back shares worth up to 40 billion rupees

09:19:56 AM IST, 09 January 2024

Stock Market LIVE Updates: Bandhan Bank, ZEEL, Trident among most active stocks in morning trade

09:18:48 AM IST, 09 January 2024

Opening Bell: Sensex surges 450 points, Nifty tops 21,650; ZEEL tumbles 9%, Bajaj Auto jumps 5%

09:12:54 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Block deal in Zee >> 17.3 lakh shares traded

  • Stock falls 10% in pre-open market

09:11:57 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 400 points; Nifty above 21,650

09:10:27 AM IST, 09 January 2024

Nifty Technical outlook | Anand James, Chief Market Strategist, Geojit Financial Services

Having slipped into the vicinity of the 5 day low, and not far from the 20d SMA at 21451, Nifty will begin the day weighing the prospects of a bounce back and a sideways move. Yesterday’s pivot at 21630 could keep a lid on such hopes though. We favour a sideways move, and this will be a crucial phase that should set the stage for directional moves shortly.

09:09:47 AM IST, 09 January 2024

BROKERAGE RADAR | HSBC ON INDIA STRATEGY

• Fils flows into Indian equities rebound strongly amid positive macro context, end 2023 with $21 billion inflows
• Strong FII flows likely to persist on benign base, benefiting large caps, which lagged in 2023, and offering better risk-reward
• Financials favourably placed – growth at reasonable valuation
Risk on stance could trigger rotation into laggards, such as IT in 2024
• Remain overweight India in a regional context
• Prefer banks, healthcare, and energy
• Also like autos, retailers, real estate, and telecoms

08:58:03 AM IST, 09 January 2024

Railtel Corporation Of India received work order amounting to Rs 39.88 crore

  • Work order from Bihar Education Project Council

08:57:11 AM IST, 09 January 2024

Stock Market View | Prashanth Tapse, Senior VP (Research), Mehta Equities

Yesterday’s session at Dalal Street was unsettling for perma-bulls as the market dropped sharply. Market sentiments were rattled by Nifty’s downturn, driven by inflationary concerns highlighted in Friday’s US jobs data. Futures traders now project a 62% chance of a Federal Reserve interest rate cut in March. Despite the gloom, there are positive notes – both FIIs & DIIs were net buyers, and WTI crude futures dropped 3.5% due to Saudi Arabia’s price cuts and increased OPEC output. Technically, Nifty faces support at 21307, with upside hurdles at 21715, while Bank Nifty’s major intraday support is at 46919. Nifty’s options data suggests a range of 21300-21700. Looking ahead, the focus shifts to US CPI data and India’s inflation numbers this week. TCS & INFY kick off Q3 earnings season on January 11th. Preferred trades: Buy Nifty at CMP with a stop at 20901, targets at 21715/21836. Buy Bank Nifty between 46900-47000 with a stop at 46651, targets at 48636/49000. The chart of the day is bullish on ZOMATO, ADANI PORTS, COAL INDIA, and INDIGO. The top pick is ZOMATO (CMP 133) with a target range of 141/163 and aggressive targets at 201, accumulating at CMP and on dips between 103-109 with a stop below 89 for a 12-15 month holding period.

08:16:21 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Asian markets gain as global investors await US inflation data

Asia’s stock indexes were mostly higher Tuesday after a tech-led surge on Wall Street as investors await the next set of U.S inflation numbers due this week, which could hint at when the Federal Reserve might start cutting interest rates.

08:10:29 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Gold prices edge higher as softer dollar lifts appeal

Gold prices edged higher on Tuesday, supported by a pullback in the dollar after an official U.S. report citing consumers expect lower inflation cemented bets for interest rate cuts from the Federal Reserve.

07:50:10 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Dollar pulls back, bitcoin jumps ahead of ETF approval deadline

The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is slowing sufficiently.

07:20:57 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded lower by 124 points, or 0.58 per cent, at 21,700.50, signaling that Dalal Street was headed for positive start on Tuesday.

07:21:04 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms bearish engulfing candle

Nifty on Monday ended 198 points lower to form a bearish engulfing candle on the daily chart. The short-term trend of Nifty has turned down from the highs after a small rise and the selling pressure seems to have started to emerge from near 21,750-21,850 levels.

07:21:11 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee settles almost flat against US dollar

The rupee pared all its initial gains to settle just 1 paisa higher at 83.14 against the US dollar on Monday, as the support from lower crude oil prices in international markets was offset by a weak trend in domestic equities.

07:21:18 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Nasdaq ends higher as yields fall, Boeing curbs gains on Dow

The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check.

07:21:28 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Oil prices steady as markets debate Middle East crisis and OPEC supply

Oil prices steadied in early trade on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply.Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0122 GMT, while U.S. West Texas Intermediate crude futures inched up 6 cents, or 0.1%, to $70.83 a barrel.

07:21:35 AM IST, 09 January 2024

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday

Indian equity markets slipped deeper into the red on Monday as benchmark Sensex shed more than 600 points and slipped below 71,400 points.From the day’s high, the Nifty 50 plunged more than 230 points and slipped below 21,600 points. Weak trends in global markets and caution ahead of the quarterly earnings prompted investors to book profits. Precisely, the Sensex and Nifty 50 dropped nearly 1% each and ended at 71355.22 and 21,513, respectively.



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