Sensex Today | Stock Market LIVE Updates: Sensex erases early gains, drops 300 points, Nifty below 21,800; Bajaj twins tumble up to 4%
We foresee no Immediate reaction with the budget announcement. The announcement comes soon after the Fed announcement on the 31st, hence the market reaction for the next few weeks will be from a combination of the budget and the Fed announcement.
– Ashwini Shami, smallcase Manager, EVP & Portfolio Manager OmniScience Capital
01:24:44 PM IST, 30 January 2024
Strides Pharma Science Q3 Results: Consol net profit at Rs 49.67 crore
- Consol net profit at Rs 49.67 vs versus loss of Rs 80.03 cr
- Consol revenue from continuing operations at Rs 1038 cr versus Rs 865 cr
01:18:22 PM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Symphony says dividend at Rs 2 per share
01:16:00 PM IST, 30 January 2024
How to trade on Budget day? Puneet Sharma, CEO of Whitespace Alpha answers
However, if you are trading intra-day or taking positions in the derivatives market, you should consider stop losses at reasonable distances such that they provide sufficient protection, while at the same time not so close that they are triggered by the exaggerated intra-day movements.
For option traders, option premiums will be high considering higher anticipated volatility. Traders can consider direction agnostic strategies such as butterflies, long strangles/straddles or iron condors in order to have a higher chance of profiting from the volatility.
For example, one can consider taking a PE butterfly position centred at 200 or 250 points below NIFTY 50 with 100 point gaps for the wings and a CE butterfly position at a similar distance above the market price. The price of this butterfly with 4 days to go for expiry is just 7 rupees. Taking a position both ways on this would cost 14 rupees with a potential upside of making 100 rupees on expiry day if one position hits or even an extreme figure of close to 200 if both hit. This is a nominal risk reward pay off of 1:7 going upto 1:14.
01:14:17 PM IST, 30 January 2024
Bajaj Finserv Q3 Results: Cons PAT rises 21% YoY to Rs 2,158 crore, income grows 34%
The strong earnings growth was backed by a robust show by the arm Bajaj Finance Ltd.
01:04:01 PM IST, 30 January 2024
Bajaj Finserv Q3 Results: PAT: Rs 2,158 cr vs Rs 1,782 cr, up 21% YoY
Revenue: Rs 29,038 cr vs Rs 21,755 cr, up 33.5% YoY
12:39:25 PM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Shree Renuka Sugars to Consider raising funds through qualified institutional placement; stock up 3%
12:36:50 PM IST, 30 January 2024
Japan’s Nikkei ends higher, caution before Fed decision limits gains
The Nikkei edged up 0.11% to close at 36,065.86, coming off earlier highs, as investors hesitated from active buying toward the end of the session.
12:28:46 PM IST, 30 January 2024
Crypto Price Today: Bitcoin jumps above $43,400 ahead of US Federal Reserve policy decision
At 11.11 a.m., Bitcoin was trading 1.94% higher at $43,409, while Ethereum was up 1.8% at $2,305. Meanwhile, the global cryptocurrency market cap surged 2.3% to around $1.67 trillion in the last 24 hours.
12:15:20 PM IST, 30 January 2024
delaPlex IPO subscribed 29.75 times so far on final day. Check current GMP, other details
The initial public offering (IPO) of Delaplex was subscribed 29.75 times so far on the final day. The issue received over 7.14 crore share bids as per the data available on the NSE at 11:40 am against 24 lakh equity shares available for subscription. The portion for retail individual investors was subscribed at 67.80 times, receiving over 5.40 crore shares bids against the reserved quota while the non-institutional investors’ (NII) portion was subscribed 49.65 times. The Qualified Institutional Buyers’ (QIBs) portion received 367,800 share bids against the quota reserved for them.
12:09:29 PM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: KPIT Technologies Q3 Results
- PAT at Rs 155 crore vs Rs 100 crore YoY
- Revenue at Rs 1257 crore vs Rs 917 crore YoY
11:51:47 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Arvind Q3 profit rises to Rs 91.7 crore vs Rs 84.12 crore YoY; revenue at Rs 1888 crore vs Rs 1980 crore YoY
11:47:30 AM IST, 30 January 2024
Stock Market LIVE Updates | Orchid Pharma’s ”Exblifeb” granted European Medicines Agency approval; stock soars 20%
11:44:11 AM IST, 30 January 2024
Stock Market LIVE Updates | Indiabulls Housing Finance: Succesful rights issue impact, stock surges 8%
11:27:30 AM IST, 30 January 2024
Stock Market LIVE Updates | Euphoria Infotech India lists at a 90% premium over issue price at Rs 190
The initial public offering (IPO) of Euphoria Infotech India was subscribed 364.71 times on the BSE. The retail portion was subscribed 426.65 times while the non-institutional investors’ quota was booked 237.99 times.
11:23:43 AM IST, 30 January 2024
Stock Market LIVE Updates | Massive response for BLS E-Services IPO: Issue subscribed over 2 times in one hour of opening
QIB Portion: NIL
NII Portion: 3.23X
Retail Portion: 10.44X
Reservation Portion Shareholder: 0.52X
Overall: 2.43X
We expect Sun Pharma Industries Ltd to come out with a healthy set of numbers in Q3FY24, aided by specialty portfolio and domestic brand formulation, which will help offset US generic pressures expected in the current quarter. The pharma giant is poised to have a high single-digit revenue growth on a YoY basis, led by low teen growth in the global specialty portfolio and domestic branded formulation business. We believe its US generic business may decline on a QoQ basis, primarily due to supply challenges. However, its EBITDA and PAT margins will likely expand on an annual basis, mainly driven by strong branded contributions. Furthermore, we would monitor the management’s comments on key focus areas such as US base business, specialty portfolio, and margin trend.
– Prathamesh P.Masdekar, Research Analyst, StoxBox on Sun Pharma earnings preview
11:13:00 AM IST, 30 January 2024
How to trade Epack post listing? Prashanth Tapse, Senior VP (Research), Mehta Equities answers
EPACK listing was below our expectations due to market sentiments. We continue to remain positive on the company business model. We believe EPACK Durables gives investors an opportunity to invest in an original design manufacturer of room air conditioners serving clientele like Blue Star, Daikin, Voltas, and Havells. EPACK holds a strategic long standing relationship position in the growing Indian Refrigeration and Air conditioning (RAC) industry and also extended relationships provide opportunities for cross-selling. Given the company’s strong foothold in both (RAC) and Small Domestic Appliances (SDA) segments, coupled with its technological edge, positions it favourably to capitalize on the expected growth in the Indian manufacturing landscape. Hence, considering all the factors, we recommend investors to “HOLD” with a long-term perspective only. Post listing, cmp Rs 215 we also recommend to “Accumulate” more in dips and look to hold with Stop Loss below Rs 200 target Rs 250-320 in medium to long term.
11:11:14 AM IST, 30 January 2024
Stock Market LIVE Updates | Sensex falls 300 pts!
11:08:40 AM IST, 30 January 2024
Stock Market LIVE Updates | Newly listed Muthoot Microfin shares rallied 14% to Rs 266.5 in Tuesday’s trade on BSE after the lender’s net profit for the October-December period more than doubled to Rs 124.6 crore from the year-ago period.
10:57:09 AM IST, 30 January 2024
Addictive Learning Technology stock lists at 121% premium over issue price
The initial public offering (IPO) of Addictive Learning Technology was subscribed 177.27 at the end of the final day as the issue received consolidated share bids of over 76.17 crore versus the issue size of 42.97 lakh shares.
10:56:31 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: L&T Construction wins a mega EPC order forestablishing largest renewable generation plant inUnited Arab Emirates
10:40:23 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Suzlon secures a new order of 642 MW from Evren
10:24:39 AM IST, 30 January 2024
China stocks fall on HK security law, Evergrande jitters
China stocks dropped on Tuesday despite regulators’ measures to boost market confidence, as sentiment remained fragile after the liquidation of property giant China Evergrande gave a fresh blow to Beijing’s shaky real estate market.
10:22:56 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Shares of L&T, Bajaj Finserv, Dr Reddy’s, Adani Total Gas and PB Fintech will be in focus as the companies will announce their third quarter results.
09:58:58 AM IST, 30 January 2024
BLS E-Services IPO opens for subscription today. Should you bid?
BLS E-Services plans to raise around Rs 311 crore through the public offer, which is entirely a fresh equity issue of 2.3 crore shares.
09:47:46 AM IST, 30 January 2024
LISTING ALERT | Epack durables
NSE – Rs 215 (Down – Rs 15 or 6.5%)
BSE – Rs 225 (Down – Rs 5 or 2.2%)
09:43:53 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Zydus Lifesciences launches Rexigo for advanced prostate cancer patients in India.
09:36:29 AM IST, 30 January 2024
Rupee rises 3 paise to 83.13 against US dollar in early trade.
09:32:34 AM IST, 30 January 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Large caps like RIL, Bharti Airtel, L&T and ICICI have strength to support the market.
In the near-term, expectations regarding the budget will influence the market. Market doesn’t expect any major changes in taxation relating to the capital market. Therefore, any such proposal will have an impact on the market.
09:23:31 AM IST, 30 January 2024
Stock Market LIVE Updates | Earnings Impact: Bajaj Finance reported 22% growth in its consolidated net profit at Rs 3,639 crore in the third quarter, which is slightly below the expectations.
09:21:17 AM IST, 30 January 2024
Stock Market LIVE Updates | Earnings Impact: Diversified conglomerate ITC Ltd reported 6% growth in its consolidated net profit at Rs 5,335 crore for the quarter ended December.
09:20:11 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: ITC, GAIL among most active stocks in morning trade
09:19:26 AM IST, 30 January 2024
Opening Bell: Sensex rises over 150 points, Nifty above 21,800; Bajaj twins tumble up to 4%
09:10:08 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 50 points; Nifty above 21,770
08:50:03 AM IST, 30 January 2024
Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities
Nifty surged in the recent session, propelled by a 6.8% gain in Reliance Industries, reaching a record high of Rs. 2905 and a market capitalization of Rs. 19.2 lakh crore. The current market outlook suggests a sustained and broadening rally on Dalal Street, contingent on Nifty maintaining levels above 21389. Positive factors include Wall Street nearing its all-time high, a growing US economy, easing inflation rates, a thriving artificial intelligence revolution, and optimism around the FM’s economic blueprint. Key upcoming events include the FOMC rate decision, FM Nirmala Sitharaman’s interim Union Budget, and the US Jobs Report. Notable Q3 corporate earnings today include Astral, Bajaj Finserv, and Dr Reddy’s Lab. Nifty’s options data hints at a trading range of 21300-22500. Preferred trade setups for Nifty and Bank Nifty are provided, along with a bullish outlook on select stocks. The top stock recommendation is to buy Hindustan Aeronautics Limited (HAL) with specific targets and a breakout play rationale.
The benchmark index witnessed a strong bounce back bolstered by contribution of index heavyweight with the likes of Reliance and HDFC Bank. The price action surged 1.8% on above average volume and with this the supports are now dragged higher to 21130 and sustenance above it will allow Nifty to attract bullish strength.
– Avdhut Bagkar Technical and Derivatives Analyst, StoxBox
08:16:14 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Stocks in Asia slip as China property sector worries weigh
Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices and kept a lid on risk appetite ahead of the Federal Reserve’s meeting
07:53:25 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Dollar keeps tight ranges ahead of Fed, jobs data
The dollar held narrow ranges against its major peers on Tuesday, as traders awaited the Federal Reserve’s monetary policy decision for clues on when the U.S. central bank might cut rates.
07:53:18 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Gold struggles for direction ahead of US Fed decision
Gold prices flitted in a tight range on Tuesday ahead of the U.S. central bank’s verdict on rates and comments from Chair Jerome Powell for clarity on the timing of easing monetary policy, though a weak dollar and lower bond yields lent support.
07:19:16 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
L&T, Bajaj Finserv, Dr Reddy’s, Adani Total Gas, PB Fintech and a slew of other companies will announce their third quarter results today.
07:19:32 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 101.50 points, or 0.46 per cent, at 21,967.50, signaling that Dalal Street was headed for positive start on Tuesday.
07:19:39 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty looks poised for another breakout
Nifty on Tuesday ended 385 points higher to form a long bull candle on the daily chart, indicating chances of an upside breakout of the hurdle at 21750 in the short term.
07:19:46 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 5 paise against US dollar
The rupee depreciated 5 paise to 83.16 against the US dollar on Monday, as rising crude oil prices in international markets and dollar demand from importers dented investor sentiments.
07:19:53 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: S&P 500 hits fresh closing high ahead of Fed meeting, big tech earnings
US stocks advanced on Monday as market participants looked ahead to this week’s slew of megacap earnings, economic data and the Federal Reserve’s monetary policy meeting.
07:20:00 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Oil edges up as geopolitical concerns support prices
Oil prices rose in early trade on Tuesday as escalating geopolitical tensions in the Middle East continued to fuel supply concerns. Brent crude futures rose 25 cents, or 0.3%, to $82.65 a barrel by 0105 GMT. U.S. West Texas Intermediate crude was up 31 cents, or 0.4%, at $77.09 a barrel.
07:20:08 AM IST, 30 January 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday
The S&P BSE Sensex took a 1,300 points intraday lead hitting the day’s high of 72,010.22, the broader Nifty breached the 21,700 mark. The 30-stock Sensex ended the day at 71,941.57, up by 1,241 points or 1.76%.
