Stock Market

Sensex Today | Stock Market LIVE Updates: Sensex off day’s high, rise 100 points, Nifty above 21,600; auto index top sectoral gainer


02:25:52 PM IST, 11 January 2024

HDFC AMC Q3 Results: PAT at Rs 488 crore, revenue Rs 671 crore

02:25:49 PM IST, 11 January 2024

Stock Market LIVE Updates: HDFC AMC Q3 RESULTS

  • PAT at Rs 488 crore
  • Revenue AT Rs 671 crore

02:13:18 PM IST, 11 January 2024

IPO WATCH | Australian Premium Solar IPO booked 11 times within hours of opening on Day 1

The SME IPO of Australian Premium Solar India opened for subscription on Thursday. The issue, which closes on January 15, is getting solid response from investors with the overall subscription at nearly 12 times within hours of opening.

  • The IPO opened on January 11 and will close on January 15
  • The company is offering its shares at Rs 51-54 apiece, and investors can bid for 2,000 shares in one lot.
  • The IPO is entirely a fresh equity issue of up to 52 lakh equity shares, aggregating to Rs 28.08 crore
  • The company’s shares are trading with a premium of Rs 30 in the unlisted market

01:15:52 PM IST, 11 January 2024

Stock Market LIVE Updates | What is good for another market need not be good for us: RBI Guv Das on crypto regulations

Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that “what is good for another market need not be good for us”.His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US.”What is good for another market need not be good for us. Therefore our views — both that of the Reserve Bank and personally that of mine — remain the same,” Das said on crypto currency regulations.

12:41:38 PM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Ok Play India to consider sub-division/ split of existing equity shares

12:38:48 PM IST, 11 January 2024

Stock Market LIVE Updates | Vedanta: Cairn Oil has submitted field development plan for gas block

12:48:50 PM IST, 11 January 2024

Stock Market LIVE Updates | Mahindra and Mahindra completes execution of agreements where IJF agreed to invest Rs 400 crore in Mahindra Last Mile Mobility Ltd (MLMML)

  • Completed execution of agreements where IJF has agreed to invest Rs 400 crore in MLMML
  • NIIF’s India-Japan fund to invest Rs 400 crore in Mahindra last mile mobility
  • investment at a valuation of up to Rs 6600 crore

12:13:35 PM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Unichem Labs gets ANDA approval from USFDA for Doxazosin tablets

12:10:53 PM IST, 11 January 2024

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

12:00:09 PM IST, 11 January 2024

Stock Market LIVE Updates: Tokyo’s Nikkei closes above 35,000 for first time since 1990

Tokyo’s Nikkei index closed above 35,000 for the first time in nearly 34 years on Thursday, buoyed by US tech rallies and hopes for an end to decades of sluggish inflation.The benchmark Nikkei 225 index rose 1.77 percent, or 608.14 points, to 35,049.86 — the first time the index has risen above the 35,000 mark since February 1990 — while the broader Topix index added 1.57 percent, or 38.39 points to 2,482.87.

11:55:39 AM IST, 11 January 2024

Commodity View | Colin Shah, MD, Kama Jewelry on ‘gold outlook for 2024’

Gold prices have been on an upward trajectory during 2023 and this momentum is expected to continue in 2024. Internationally, the volatility of the yellow metal prices will continue and will be triggered by various factors including the on-going geo-political scenario, strengthening of USD against INR and a pessimistic approach towards the growth of global economy.

Domestically, the demand for the yellow metal is expected to outgrow and is expected to touch the 70k mark on a domestic level. This rally will be driven by robust demand in the domestic market owing to the rising income levels and the inclination towards yellow metal. On the global level, we expect the prices to hover in the range of USD 1850-2050. Irrespective of the price movement, the consumer demand will continue to grow during the year backed by strengthened purchasing power, and the change in perspective towards gold as lifestyle statement, thus driving sales across along all ticket-sizes.

11:51:31 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: RIL M-CAP CROSSES RS 18 LAKH CRORE

11:45:52 AM IST, 11 January 2024

Bitcoin above $46,300 after US SEC approves spot ETFs; Ethereum jumps 10%

The crypto market was trading over 3% higher on Thursday following the US SEC’s approval of 11 spot Bitcoin ETFs.The US Securities and Exchange Commission approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday, kicking off a fierce competition for market share.

11:28:19 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Senco Gold shares jump 15% on Q3 updates. Rally turns stock into a multibagger

Shares of Senco Gold surged 15% to hit their 52-week high of Rs 850 on Thursday following the company’s December quarter updates where Senco posted its highest-ever Q3 revenue growth at 24% year-on-year. With today’s rally, the stock is now a multibagger.

The stock was listed on the exchanges on July 14, 2023 and it closed at Rs 405.30. Since then it has given multibagger returns of 101%. At 10:40 am today, the over 13.43 lakh shares were trading on the NSE with traded value at Rs 109.45 crore.

11:11:51 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: ICRA predicts an all-time high in revenue and net profit for the broking industry in FY2024

ICRA has analysed the performance of 29 prominent brokerage companies in H1 FY2024. Supported by improved market activity, ICRA’s sample set of companies reported a sharp 20% annualised growth in the net operating income. Given the benefits of economies of scale, the aggregate profitability of this sample set also improved, with a 24% annualised increase in the net profit and a return on equity of 27% in H1 FY2024 compared to 25% in FY2023. ICRA expects the industry to report all-time high revenues and net profits with a year-on-year (YoY) expansion of 18-22% and 22-25%, respectively, in FY2024.

11:07:59 AM IST, 11 January 2024

Dollar slips ahead of US inflation data, bitcoin climbs

The dollar drifted lower in Asia on Thursday as traders waited on U.S. inflation data to see whether bets on as many as five Fed interest rate cuts this year were justified, while weak wages data dragged the yen to a six-week low on the euro.

Bitcoin traded at $46,400, just short of a two-year high, with investors welcoming the much-anticipated U.S. approval of spot bitcoin exchange-traded funds.

10:57:27 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Ajmera Realty & Infra India Q3 business update

  • Q3 FY24 witnesses 98% YoY Sales Surge
  • Sales Area stood at 1,03,573 sq. ft, up 63% YoY
  • Sales Value stood at INR 253 crores, up 98% YoY
  • Collections stood at INR 151 crores, up 30% YoY

10:56:54 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Ajmera Realty & Infra India Q3 sales value up 98% YoY; Q3 FY24 collections up 30% YoY

10:47:25 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Bajaj Finance to issue 2-year bonds – bankers

10:41:43 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Sundram Fasteners enters into MoU with Tamil Nadu Govt for Rs 1411 crore investment

10:26:06 AM IST, 11 January 2024

India bond yields calm before inflation data

Indian government bond yields moved sideways in early trades on Thursday, as traders awaited key inflation data from the United States which would provide clues on the timing and pace of rate cuts by the Federal Reserve.

The 10-year benchmark bond yield was at 7.1852% as of 10:00 a.m. IST, following its previous close at 7.1808%.

10:10:31 AM IST, 11 January 2024

Stock Market LIVE Updates | Shares of Cochin Shipyard fell over 5% to the day’s low of Rs 761.30 on Thursday amid profit booking following a stock split which saw the counter getting subdivided into two shares on Wednesday. The PSU defense stock had hit a 20% upper circuit and hit levels of Rs 802.80 on the NSE.

10:02:36 AM IST, 11 January 2024

Stock Market LIVE Updates | Brokerage Take: HSBC on Zomato: Buy | Target Rs 150

  • HSBC maintained a buy rating on Zomato but raised the target price to Rs 150 from Rs 140 earlier.
  • After an extremely strong 2023, the global investment bank expects a relatively muted business and stock performance in 2024.
  • The long-term view remains constructive and highly dependent on the continued progression of the QC business. Q3 and Q4 are unlikely to drive major earnings upgrades.

10:01:40 AM IST, 11 January 2024

Nifty Technical Outlook by Anand James, Chief Market Strategist, Geojit Financial Services

Though there were a few uncertain moments when our downside marker of 21484 was penetrated briefly, the anticipated upswings unfolded late in the second half, fully achieving the upside objective of 21630. The turn of events is also consistent with the expectations of sideways moves adopted early in the week. Yesterday’s momentum could help Nifty stretch to the 21740 region, but visibility past the same is limited. Downside marker is now placed at 21550.

09:54:35 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: The Department of Telecommunications (DoT) has hauled up Vodafone Idea (Vi) for providing mobile connections to corporate customers without following the mandatory ‘know your customer’ (KYC) drill for end-users, and in turn, flouting the country’s customer verification rules aimed at combating cyber fraud.

09:53:13 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Proxy advisory firm Institutional Investor Advisory Services India (IiAS) has advised institutional investors to vote against Aster DM Healthcare’s resolutions seeking shareholder approval for the $1 billion deal involving the sale of its business in the GCC (Gulf Cooperation Council) region to Alpha GCC Holdings, an entity partly held by promoters.

09:51:14 AM IST, 11 January 2024

Bitcoin a dud in El Salvador, first country to make it legal tender

Hardly anyone used bitcoin last year in El Salvador, the first country anywhere to make the cryptocurrency a form of legal tender, said a poll released Wednesday.

The government of President Nayib Bukele took this pioneering step in 2021, introducing bitcoin in circulation alongside the US dollar, which replaced the Salvadoran colon in 2001.

09:34:50 AM IST, 11 January 2024

Stock Market LIVE Updates | Shares of Polycab tanked 10% to the day’s low of Rs 4,420.70 on Thursday in the opening trade notwithstanding a fresh clarification issued by the company on Wednesday where the company refuted reports of Rs 200 crore claims by the Income Tax department.

09:25:43 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: TCS, Infosys in the red ahead of Q3 results while HDFC AMC flat

09:24:13 AM IST, 11 January 2024

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

There is no consistency in FII and DII behaviour so far this month. They are doing alternative bouts of buying and selling which is restricting the market in a range. The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts which the market expects to begin by March 2023. The US CPI inflation data due tonight will provide cues regarding this.

The Q3 results season starting today with the results of TCS and Infy will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers. IT results will be tepid and FMCG will be a mixed bag.

More than broad market action, market responses will be stock-specific in response to results and management commentary.

09:20:45 AM IST, 11 January 2024

Rupee turns flat at 83.03 against US dollar in early trade.

09:20:23 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: RVNL, Ircon among most active stocks in morning trade

09:19:17 AM IST, 11 January 2024

Opening Bell: Sensex climbs 250 points, Nifty above 21,700; Shriram Finance rises 5%, Polycab tanks 10%

09:08:57 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 250 points; Nifty above 21,680

08:54:01 AM IST, 11 January 2024

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

In the current volatile market of 2024, marked by conflicting trends, uncertainties around US interest rates and India Inc.’s corporate earnings drive disagreement. Key factors today include the eagerly awaited US CPI release and the commencement of Q3 earnings by TCS and INFY. The Federal Reserve’s interest rate decisions remain central, with upcoming CPI and PPI indicators influencing their stance. INFY or TCS profit guidance could sway sentiments. Technically, Nifty finds vulnerability below 21307, confirming strength above 21836. Nifty options suggest a 21300-22000 trading range. Preferred trades for Nifty and Bank Nifty are provided. The chart of the day is bullish on select stocks, with a standout recommendation to buy ITD Cementation at an entry price of 300.75, targeting 600, with a stop loss at 189, for a holding period of 0-365 days.

08:20:02 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Yen lags while dollar waits on US CPI

The yen was squeezed on Thursday, weighed by sluggish Japanese wages, while the dollar was becalmed as traders waited on U.S. inflation data to see whether bets on rate cuts were justified.

08:19:10 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Asia stocks gain ahead of US CPI, Nikkei breaches 35,000

Asian stocks rose on Thursday ahead of U.S. inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States.

07:59:27 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Oil prices tick up as Middle East tensions rise

Oil prices ticked higher in Asian trading as markets measured rising tensions in the Middle East against a surprise build in U.S. crude stockpiles that pushed oil benchmarks down about 80 cents in the previous session.

07:58:40 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Gold edges higher as dollar slips ahead of US inflation data

Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve’s interest rate trajectory.

07:25:28 AM IST, 11 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 18.5 points, or 0.09 per cent, at 21,718.50, signaling that Dalal Street was headed for positive start on Thursday.

07:25:36 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Bullish Piercing candle ahead of Thursday expiry

Nifty today ended 74 points higher to take support near 20-DMA and form a Bullish Piercing candlestick pattern on the daily chart, suggesting potential bullish momentum.

07:25:43 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee jumps 10 paise against US dollar

Rising for the sixth straight session, the rupee jumped 10 paise to 83.03 against the US dollar on Wednesday, tracking a firm trend in equity markets and easing crude prices.

07:25:50 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: Tokyo shares open higher

Tokyo stocks opened higher Thursday on the back of gains in US tech shares, with Japan’s blue chips trading at their highest levels in over three decades.The Nikkei 225 index jumped 1.56 percent, or 538.91 points, to 34,980.63 in early trade while the broader Topix index gained 1.55 percent, or 37.98 points, to 2,482.46.

07:25:57 AM IST, 11 January 2024

Sensex Today | Stock Market LIVE Updates: US stocks climb as megacaps lead; inflation data, earnings on deck

US stocks closed higher on Wednesday as megacaps rallied, but gains were limited ahead of inflation reports and major bank earnings later in the week.

07:26:06 AM IST, 11 January 2024

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

The 30-share BSE benchmark Sensex surged 272 points or 0.38% to settle at 71,657. The broader NSE Nifty rose 74 points or 0.34% to end at 21,618.



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