Sensex Today | Share Market Live Updates: Sensex soars, Nifty above 21,550; all sectors in green, banks surge

19 Jan 2024, 11:26 AM IST
Sensex Today Live: Polycab India shares down after Q3 results

The wires and cables manufacturer on Thursday reported a 15.3% YoY increase in consolidated net profit to ₹416 crore for the December quarter of FY24. Revenue from operations rose 17% YoY to ₹4,340.4 crore in Q3FY24.

19 Jan 2024, 11:14 AM IST
Sensex Today Live: Reliance Industries shares down ahead of results

Mukesh Ambani-led Reliance Industries Ltd will announce its December quarter (Q3FY24) results on 19 January, Friday. The oil-to-telecom conglomerate is expected to report a 9.3% year-on-year rise in consolidated net profit to ₹17,257 crore, aided by a steady performance of its digital and retail businesses. Consolidated revenue for Q3FY24 is likely to rise 5% YoY to ₹2.31 trillion. Sequentially, however, performance may be muted.

19 Jan 2024, 11:03 AM IST
Sensex Today Live: 11 am market update

At 11 am, Sensex was up 537.12 points, or 0.75%, at 71,723.98, and Nifty was trading up 159.50 points, or 0.74%, at 21,621.75.

19 Jan 2024, 10:49 AM IST
Sensex Today Live: Prabhudas Lilladher says balance sheet management key monitorable for IndusInd Bank

IndusInd Bank’s NIM at 4.84% was 11bps ahead of PLe, asset quality was a miss due to higher slippages and buffer provisions were further utilized. Deposit franchise for the bank continues to improve as RTD share enhanced by 240bps YoY to 44.8%. To fund existing run-rate of asset growth, deposit accretion should scale up to 16-17% YoY. With the banking system witnessing liquidity squeeze, either loan growth for the bank will have to taper down or the bank would have to resort to wholesale funding, which may affect margins.

19 Jan 2024, 10:31 AM IST
Sensex Today Live: All sectoral indices were in the green; financial services and metals biggest gainers

19 Jan 2024, 10:20 AM IST
Sensex Today Live: Poonawalla shares up 3%

Poonawalla Fincorp posted a 76.3% year-on-year growth in net profit at ₹265.1 crore for Q3FY24. Revenue from operations during the period grew by 52.1% to ₹762.6 crore, while assets under management grew by 58% YoY, at ₹21,946 crore at the end of the December quarter.

19 Jan 2024, 10:03 AM IST
Sensex Today Live: 10 am market update

At 10 am, Sensex was up 607.45 points, or 0.85%, at 71,794.31, and Nifty was trading up 180.35 points, or 0.84%, at 21,642.60.

19 Jan 2024, 09:53 AM IST
Sensex Today Live: HDFC Bank shares up marginally 

Shaking off two days of decline, HDFC Bank shares were trading marginally up 0.37%, at ₹1,491.60 on NSE.

19 Jan 2024, 09:47 AM IST
Sensex Today Live: Metro Brands shares down nearly 5%

The company reported a 12.7% year-on-year (YoY) decline in net profit at ₹97.8 crore for the third quarter ended December 31, 2023, compared to a net profit of ₹112 crore in the corresponding quarter last year. The company’s revenue from operations grew 6.1% to ₹635.5 crore compared to ₹598.7 crore in the corresponding period of the preceding fiscal.

19 Jan 2024, 09:37 AM IST
Sensex Today Live: Sensex, Nifty open up on global cues

Indian shares opened higher on Friday, in line with gains in global peers.

At open, the Sensex was up 612.91 points at 71,799.77, and the Nifty rose 164.90 points to 21,627.20.

Coal India, Titan, Axis Bank, Tech Mahindra and TCS were the top gainers on Nifty, while IndusInd Bank, Apollo Hospital were the top losers in early trade.

19 Jan 2024, 09:10 AM IST
Sensex Today Live: Benchmark indices in the green in pre-open; RIL, Paytm in focus

In pre-open, the Sensex was up 596.90 points, or 0.84%, at 71,783.76, and the Nifty was up 152.95 points, or 0.71% to 21,615.20.

19 Jan 2024, 08:59 AM IST
Sensex Today Live: Bank Nifty outlook by Reliance Securities

BANK NIFTY continued to underperform and failed to breach the resistance of 46,500 levels, which would act as the first line of resistance from current levels.

The 100-day average has moved higher to 45,300 levels at 45,280 and the hourly averages are oversold, suggesting some pullback from the lower range.

RSI has moved to the lower end of the range at 35 levels and oversold on daily and hourly charts.

Bank NIfty 46,000 CE has the highest OI while on the downside, 46,000 for the put OI for the monthly expiry.

19 Jan 2024, 08:52 AM IST
Sensex Today Live: Reliance Securities on Nifty-50 outlook

NIFTY-50 traded volatile, with swift moves, tested the support of 21,300 levels, bounced and filled the gap to close down by 110 points.

The range of 21,300-21,600 will be observed over the next few days and crossover of 21,800 will trigger positive momentum in broader markets.

RSI is at the lower end of the range and we expect some bounce from the current 30 levels to the 65-70 band.

Highest call OI is at 21,800 strike, while on the downside, the highest put OI has moved higher to 21,500 for the monthly expiry.

19 Jan 2024, 08:38 AM IST
Sensex Today Live: The Red Sea crisis poses risk to the company’s exports, says Abhudhay Jindal, MD of Jindal Stainless Steel

The crisis in the Red Sea has hurt Jindal Stainless Steel’s poses a risk to the company’s export targets, managing director Abhudhay Jindal said. The company on Thursday reported a 35% YoY jump in consolidated net profit to ₹691 crore for the December quarter, while consolidated revenue was flat at ₹9,127 crore. The company anticipates a decline in Q4 exports, and has revised the target from 15% to around 12%, as per Jindal. Exports for the current quarter accounted for 12% of total sales.

19 Jan 2024, 08:24 AM IST
Sensex Today Live: F&O ban list for today

13 stocks have been put under the F&O ban list. These are ABRFL, Ashok Leyland, Balrampur Chini, Bandhan Bank, Delta Corp, Hindustan Copper, IEX, Metropolis, NALCO, Polycab India, PVR INOX, SAIL, and ZEEL.

19 Jan 2024, 08:11 AM IST
Sensex Today Live: Q3 earnings scheduled for today

Reliance Industries, UltraTech Cement, RBL Bank, Hindustan Zinc, Atul, Central Bank of India, CESC, CreditAccess Grameen, Hatsun Agro Product, Sunteck Realty, Tejas Networks, and Websol Energy System will be in focus ahead of quarterly earnings on January 19.

19 Jan 2024, 07:48 AM IST
Sensex Today Live: GIFT Nifty in the green

GIFT Nifty traded 15.50 points, or 0.07%, higher at 21,560.50, in early deals on Thursday, indicating a positive start for Indian benchmarks.

The Sensex touched a low of 70,655.50 during the day, but pared losses to close 313.90 points, or 0.44%, down at 71,186.86. Meanwhile, the Nifty 50 touched a low of 21,285.55, and closed at 21,462.25, down 109.70 points, or 0.51%.

19 Jan 2024, 07:42 AM IST
Sensex Today Live: Asian stocks higher as chipmakers rally

Asian stocks were higher on Friday as shares of technology companies rallied, and as Taiwan Semiconductor Manufacturing Co.’s outlook l hopes for a global recovery in the sector. 

Shares rose at the open in Japan and South Korea, and in Australia rallied. Hong Kong advanced. Contracts for US equities were little changed in Asia trading after the tech-heavy Nasdaq 100 index closed at an all-time high as TSMC’s earnings spurred the biggest rally in chipmakers in more than a month.

US stocks rallied on Thursday as robust labour market data offered evidence of economic strength despite the fact that it could prompt the Federal Reserve to hold off on lowering its key policy rate. All three major US stock indexes closed higher, with a solid rally in tech-related shares favouring the Nasdaq.

The Dow Jones Industrial Average rose 202.01 points to 37,468.68, the S&P 500 gained 41.73 points to 4,780.94 and the Nasdaq Composite added 200.03 points, to 15,055.65.