Stock Market

Sensex Today | Stock Market LIVE Updates: Sensex starts 2024 on tepid note, drops 100 points; Nifty near 21,700; BHEL jumps 4%, Voda Idea dips 2%


09:24:32 AM IST, 01 January 2024

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

As the New Year begins it is a Goldilocks scenario for the economy and markets. The growth momentum in the economy is strong. 7% GDP growth in FY24 is likely to be followed by around 6.7% growth in FY25 with decent corporate earnings growth. The banking system is in the pink of health and all macroeconomic indicators are stable. Political stability after the General elections looks almost certain.

From the global perspective, the US economy appears to be heading for soft landing. The US 10-year bond yield at 3.87 % and the dollar index at 100.6 are tailwinds for the market. FPI inflows in 2024 are likely to be robust.

The concern, however, is that most of this good news is in the price; valuations are a bit stretched and above the long-term averages. So, the market is vulnerable to corrections from presently unknown risks.
The broader market is overvalued; safety is in large-caps.

09:22:08 AM IST, 01 January 2024

Rupee falls 3 paise to 83.19 against US dollar in early trade.

09:20:49 AM IST, 01 January 2024

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

09:19:47 AM IST, 01 January 2024

Opening Bell: Sensex starts 2024 on tepid note, drops 100 points; Nifty near 21,700; BHEL jumps 4%, Voda Idea dips 2%

09:08:50 AM IST, 01 January 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex down 20 points; Nifty below 21,730

09:04:53 AM IST, 01 January 2024

Stock Market LIVE Updates | HFCL gets advance purchase order aggregating to Rs 1127 crore

08:00:59 AM IST, 01 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee eyes key US data, bond yields seen easing as 2024 kicks off

The Indian rupee is likely to take cues this week from moves in the dollar index while keeping an eye on key U.S. labour market data, and bond yields are expected to trend lower going into 2024.

07:21:54 AM IST, 01 January 2024

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

GIFT Nifty on the NSE IX traded lower by 58 points, or 0.27 per cent, at 21,776.50, signaling that Dalal Street was headed for negative start on Monday.

07:22:01 AM IST, 01 January 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty ends 2023 with a Doji candle. What traders should do on Monday

Nifty today broke a 5-day winning spell to end 47 points lower on the last trading day of 2023 and form a high wave or doji-type candle pattern. On the weekly charts, a long bull candle was seen.

07:22:08 AM IST, 01 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee gains 4 paise against US dollar

The rupee appreciated 4 paise to settle at 83.16 against the US dollar on the last trading day of 2023, helped by a weak greenback against major rivals overseas and renewed foreign capital inflows amid lower crude oil prices.

07:22:16 AM IST, 01 January 2024

Sensex Today | Stock Market LIVE Updates: US stock market: Wall Street ends slightly lower, capping blockbuster year

U.S. stocks closed modestly lower on Friday, the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead.

07:22:22 AM IST, 01 January 2024

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

The 30-share BSE benchmark Sensex declined 170 points or 0.23% to settle at 72,240. The broader NSE Nifty dropped 47 points or 0.22% to end at 21,731. However, the Nifty and BSE Sensex gained about 20% each this year.



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