Stock Market

Sensex Today | Stock Market LIVE Updates: Sensex surges 400 points in volatile trade; Nifty near 21,300; Zee gains 3%, Axis Bank drops 4%


11:21:58 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Tata Elxsi shares price fell nearly 5% to Rs 7,807 in Wednesday’s trade on BSE after the design and technology services company reported a 6% year-on-year (YoY) rise in third-quarter profit.

11:13:50 AM IST, 24 January 2024

Q3 Results | CG Power and Industrial clocks Q3 standalone PAT at Rs 216.47 cr

CG Power and Industrial Solutions Ltd has reported a standalone profit after tax of Rs 216.47 crore for the October-December 2023 quarter, the company said in a statement on Wednesday. The company’s standalone PAT for the corresponding quarter of last financial year was Rs 242.75 crore.

For the nine months ending on December 31, 2023, the company’s standalone PAT grew to Rs 763.77 crore from Rs 545.13 crore registered during the same period of last year, the Murugappa Group company said in the statement.

11:00:35 AM IST, 24 January 2024

Lack of cues, debt auction restrain Indian bond yields in thin range

Indian government bond yields crawled in a narrow range in the early session on Wednesday as traders awaited fresh triggers, including the sale of debt from the central government this week.

India’s benchmark 10-year yield was at 7.1718% as of 10:00 a.m. IST, following its previous close at 7.1751%.

10:51:26 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates | Paytm: SVF India Holdings (Cayman) cuts 2% stake in co to 5.06%

10:43:49 AM IST, 24 January 2024

Subhash Chandra writes to FM; accuses SEBI of trying to scuttle $10 billion merger, sources say ET NOW’s Ankur Mishra.

10:42:14 AM IST, 24 January 2024

Stock Market LIVE Updates: REC shares shot-up nearly 7% to the day’s high of Rs 464.80 on the NSE after the state-run power company was designated as the nodal agency for the Pradhan Mantri Suryodaya Yojana.

10:25:02 AM IST, 24 January 2024

Sebi gives FPIs 7 months to liquidate holdings if investor data not disclosed: Report

India’s markets regulator has given offshore funds an additional seven months to liquidate holdings if they fail to disclose data about their investors by Jan. 29, two sources with direct knowledge of the matter said on Wednesday.

“There is no immediate deadline or cliff for offshore funds to liquidate any holdings,” said the first of the two sources.

10:02:58 AM IST, 24 January 2024

SENSEX SURGES 500 POINTS

09:52:02 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: AU Small Finance Bank also rose 2% after the Competition Commission of India (CCI) approved the merger of Fincare Small Finance Bank with the Bank.

09:36:05 AM IST, 24 January 2024

IN SPOTLIGHT | Shares of ZEEL rise 8% today after falling over 30% on Tuesday following the termination of the merger with Sony.

09:33:55 AM IST, 24 January 2024

Stock Market LIVE Updates: EYE ON EARNINGS | Shares of Indian Oil, Bajaj Auto, DLF, Tata Steel and Tech Mahindra will be in focus today as the companies will announce their third-quarter results.

09:31:14 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates | 0.8% equity block deal in Max Healthcare

09:30:33 AM IST, 24 January 2024

Being at the lower extremity of the bollinger band, a swing higher is favoured, but the way up is littered by numerous obstacles, requiring a close above 21490 for confirmation. Else expect downsides to resume, aiming 20900, the objective which has been in the cross hairs since last week. We eye 21315 and 21430 as obstacles on the way up.

– Anand James, Chief Market Strategist, Geojit Financial Services

09:29:10 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Axis Bank shares fell over 5% to the day’s low of Rs 1,034.75 on Wednesday notwithstanding its December quarter earnings which were higher than what Street expected. Positive commentary by a couple of top brokerages failed to cheer the investors in the opening trade as the selling pressure in top banking counters prevailed.

09:22:44 AM IST, 24 January 2024

Rupee falls 1 paisa to 83.16 against US dollar in early trade.

09:21:08 AM IST, 24 January 2024

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

The important takeaway from yesterday’s sharp market correction is not the 1.54 % cut in Nifty but the crash in Nifty Midcap and Nifty Smallcap indices by 3.15% and 2.87% respectively. The valuations in the broader market had become excessive and unsustainable as pointed out many times recently. The trigger for the correction came mainly from the sustained selling by FIIs who have sold equity worth Rs 27830 crores during the last 5 days. Some news and rumours also contributed to the selling in the market. There is news that SEBI is tightening the ultimate beneficiary norms for FPIs starting February 1st. This might have triggered some FPI selling. Also, there is a rumour floating around that the finance minister may tweak the LTCG tax taking away the advantages investors are enjoying now. Such rumours are normal during the Budget time.

Further selling by FPIs and more corrections in the broader market are likely. Investors may wait for the market to stabilise. Safety now is in fairly priced large caps.

09:20:01 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Most active stocks on NSE in opening deals

09:18:39 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Sensex heatmap in opening trade

09:17:14 AM IST, 24 January 2024

Opening Bell: Sensex sheds 100 points, Nifty near 21,200; Zee gains 3%, Axis Bank drops 4%

09:09:27 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 200 points; Nifty below 21,190

08:52:27 AM IST, 24 January 2024

Market View: Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities

Expect heightened volatility as all eyes focus on the release of fourth-quarter U.S. GDP data and the US personal-consumption expenditures (PCE) on Friday, January 26th. Before that, brace for volatility with the January F&O expiry this Thursday. In the previous session, Nifty surged to 21750 but tumbled to 21192.60, causing a significant dent in bullish confidence, mainly attributed to profit booking. Notably, Zee Entertainment saw a record 30% single-day drop, while concerns over banking stocks persisted due to potential margin strain and sluggish deposit growth. HDFC Bank’s 15% decline post Q3 added to market woes.

The major negative catalyst: FIIs engaged in a significant selling spree, offloading Rs 22,973 crores in the last week. Investors are closely monitoring Q3 performances of key stocks.

Technicals suggest a neutral stance for Nifty and Bank Nifty, with preferred trades outlined.

A bearish outlook is identified for TATA COMMUNICATION, CHOLAMANDALAM FINANCE, and DEEPAK NITRITE. The top stock recommendation is to buy INDIAN BANK (CMP 445), with targets at 477/501 and aggressive 15-18 months targets at 651, accompanied by a stop below 347.

08:48:30 AM IST, 24 January 2024

Stock Market LIVE Updates: FPIs that may need to give enhanced disclosures expected to be significantly less than estimated.

08:38:37 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Nazara Technologies says acquisition of Comic Con India by unit

08:28:42 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Asian stocks gain as potential China rescue package lifts mood

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.

08:10:50 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Gold steadies as traders brace for US economic data

Gold prices were steady on Wednesday as investors awaited U.S. economic data that could offer more clues on the Federal Reserve’s depth and scale of interest rate cuts.

07:53:24 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Oil prices little changed as fundamentals weigh on geopolitical risk premium

Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market’s reaction to mounting geopolitical risk.

07:52:37 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Dollar hovers near 6-week high on Fed view; yen edges up after BOJ

The dollar hovered near a six-week high against major peers on Wednesday as investors cemented expectations that the Federal Reserve would be in no rush to cut interest rates in the face of a resilient U.S. economy.

07:20:31 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower

Tokyo stocks opened lower in cautious trade on Wednesday after a mixed close on Wall Street. The benchmark Nikkei 225 index was down 0.38 percent, or 140.54 points, at 36,377.03, while the broader Topix index slipped 0.31 percent, or 7.97 points, to 2,534.10.

07:20:38 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Quarterly earnings today

Indian Oil, Bajaj Auto, DLF, Tata Steel, Tech Mahindra and a slew of other companies will announce their third quarter results today.

07:20:46 AM IST, 24 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 87 points, or 0.41 per cent, at 21,277, signaling that Dalal Street was headed for positive start on Wednesday.

07:20:53 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty downhill trajectory suggests more pain

Nifty today ended 333 points lower to form a long bear candle on the daily chart with analysts warning that one may expect more weakness from here to form a new lower bottom of the sequence.

07:21:00 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee falls 8 paise against US dollar

The rupee depreciated 8 paise to 83.15 against the US dollar, as foreign fund outflows and weak domestic equities weighed on investor sentiments.

07:21:06 AM IST, 24 January 2024

Sensex Today | Stock Market LIVE Updates: S&P 500 notches third straight record high close

The S&P 500 climbed to a record high close on Tuesday as investors digested a mixed bag of early quarterly results and awaited a slew of additional reports from Tesla and other companies later this week.

07:21:07 AM IST, 24 January 2024

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

Just after India beat Hong Kong to become the world’s fourth largest stock market, the Sensex fell over 1,000 points to end at 70,371, while the Nifty also cracked 1.5% to end below the 21,250 mark.



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