Sensex ends 92 pts higher, Nifty near 14,600; SAIL tanks 10%, HAL up 9%

Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%

3:59 PM

TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research

The market witnessed some swift recovery after the initial fall at the start. Market continues to show resilience to stay above 14600. A significant breakout above the levels of 14680 could result in improvement of market breadth and the market can rally till the levels of 14870. We retain our cautious stance and advise the traders to refrain from building a fresh buying position, until we see further improvement and breakout above 14680.

 

3:58 PM

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

Despite better than expected results of Infosys and Wipro, IT sector witnessed selling in its opening trade. However, the sector bounced back soon which led to a recovery in the market post it's weak opening. The positive opening seen in European markets also helped in raising market optimism. The wholesale price inflation for the month of December declined to 1.22% due to a decrease in WPI food index from 4.27% in November to 0.92%. Positive economic data along with improving quarterly outlook is helping the Indian market to attract more foreign funds which will keep the market liquidity high even in these high valuations

3:53 PM

SECTOR OF THE DAY :: Nifty Pharma index ends as top gainer on NSE

3:51 PM

Market stats :: Market breadth remains around 1:1

3:50 PM

STOCK OF THE DAY :: SAIL sinks over 10% as govt offloads stake via OFS

3:49 PM

STOCK OF THE DAY :: HAL ends 9.5% higher

3:48 PM

Sensex contributors :: ITC, RIL, L&T help erase lossees

3:47 PM

S&P BSE MidCap index ends flat; HAL, Indian Bank, MRF settle as top gainers

3:45 PM

Sectoral trends on NSE at Close

3:44 PM

Sensex Heatmap :: 16 out of the 30 index constituents end the day in the green

3:34 PM

CLOSING BELL

The S&P BSE Sensex closed at 49,584, up 92 points, or 0.19 per cent. The index hit an intra-day high and low of 49,664 and 49,182, respectively.

The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent. 

3:28 PM

Dixon Technologies rebounds 8% from day's low on stock split plan

Dixon Technologies on Thursday said its board is scheduled to meet on February 2, to consider sub-division of equity shares of the company from Rs 10 paid-up to in such manner as may be determined by the board of directors. The board will also to consider and approve unaudited financial results of the Company for the quarter ended December 31, 2020, it said. READ MORE

3:18 PM

ALERT :: India VIX down 1%

Alert: India VIX is the volatility gauge of the markets

3:09 PM

BUZZING :: Dixon Tech up 4%

3:01 PM

Heatmap: S&P BSE Sensex gainers and losers

2:47 PM

TCS m-cap soars by Rs 85,000 crore within a week of Q3 results

Shares of Tata Consultancy Services (TCS) hit a record high of Rs 3,261, up 3 per cent, on the BSE on Thursday. The stock has surged 7.5 per cent in the past one week and gained over Rs 85,000 crore in market capitalisation (market cap) after reporting a healthy set of numbers for the October-December 2020 quarter (Q3FY21). In comparison, the S&P BSE Sensex was up 3 per cent during the week. READ MORE

2:40 PM

PFC's Rs 5,000 crore bond issue for individual buyers opens on Friday; more to follow

>> Power Finance Corporation(PFC) on Thursday announced the launch of its maiden taxable bond issue of Rs 5,000 crore for individual buyers that will open on January 15, and said it would come out with more such issues going forward. 

 

>> The first tranche of Rs 5,000 crore will open for subscription on January 15 and close on January 29. 

 

>> The bonds are being offered in four tenors - 3 years, 5 years, 10 years and 15 years. 

 

>> The interest rate for institutional and non-institutional investors will be 4.65 per cent, 5.65 per cent, and 6.78-6.95 per cent, respectively for bonds of 3, 5, and 15-year tenure. 

 

>> The interest for high net worth individuals and retail individual investors would be 4.80 per cent, 5.80 per cent, and 6.97-7.15 per cent for bonds of 3, 5, and 15-year tenure. (Text Source: PTI)

 

2:24 PM

FMCG in focus: ITC, Dabur gain in trade

2:12 PM

Lumax Group to ramp up production capacity at two key plants in 2021

Auto ancillary manufacturer Lumax Group is planning to expand its production capacities at two key facilities in Gujarat and Haryana this year. With revival in demand for passenger vehicles, the Gurugram-headquartered entity is now finalising the blueprint to match upcoming surge in sales, a top executive said. READ MORE

2:01 PM

NTPC arm makes 50 MW solar project in Kasargod commercially operational

State-run power giant NTPC on Thursday said that its arm THDC India has made its maiden solar project in Kerala commercially operational. "The maiden solar power project of 50 MW capacity situated at Kasargod Solar Park at Kasargod, Kerala of THDC India Limited (a subsidiary company of NTPC Limited), is declared on commercial operation from December 31, 2020," a BSE filing said. (Text Source: PTI)

1:51 PM

Select pharma shares rally; Suven Pharma up 13%, Laurus nears record high

Shares of select pharmaceutical companies were in demand in Thursday's session with Suven Pharmaceuticals rallying 13 per cent to a new high of Rs 493 on the BSE in an otherwise range-bound market. Meanwhile, Laurus Labs climbed 5 per cent to Rs 364 in intra-day trade and was hovering close to its record high level of Rs 365.65, touched on December 21, 2020. READ MORE

1:41 PM

HCL Tech to report Q3 results on Friday; here's what top brokerages expect

After a stellar set of numbers by information technology (IT) majors TCS, Infosys and Wipro, all eyes are now on HCL Technologies that is slated to post its October-December 2020 quarter (Q3FY21) earnings on Friday, January 15. Most analysts see a 5-6 per cent year-on-year (YoY) rise in Q3 revenue, led by broad-based growth across verticals and geographies, and easing of stress in the ER&D segment. READ MORE

1:31 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI ENTERP.	536.20	541.00	-0.13
ADANI PORTS	538.00	542.35	0.24
AEGIS LOGISTICS	281.65	289.00	1.37
BAJAJ AUTO	3565.10	3656.45	-1.02
BAJAJ ELECTRICAL	808.05	858.95	-1.34

1:19 PM

Warburg ups stake in IPO-bound mortgage lender Home First Finance to 30.62%

Private equity major Warburg Pincus on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent.

 

It, however, did not reveal the financial details for the transaction which had recently received RBI approval. The private equity major has acquired the stake from existing shareholders of the financier, as per an official statement. READ MORE

1:16 PM

NEWS FLASH :: Non-retail portion of SAIL OFS fully subscribed

- Source: Cogencis

1:09 PM

BUZZING :: Tata Elxsi surges over 7%

1:00 PM

Indigo Paints IPO to open on Jan 20; price band fixed at Rs 1,488-1,490

Sequoia Capital-backed Indigo Paints, on Thursday, said it has fixed a price band of Rs 1,488-1,490 a share for its initial share-sale, which will open for public subscription on January 20. The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital, through its two funds -- SCI Investments IV and SCI Investments V -- and promoter Hemant Jalan. At the upper end of the price band, the public issue is expected to fetch Rs 1,170.16 crore, which comprises Rs 300 crore through fresh issuance of shares and Rs 870.16 crore through offer-for-sale. READ MORE

12:51 PM

Recovery from intra-day lows in today's trade

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
TATA ELXSI	2273.90	2509.15	2493.20	9.64
SUVEN PHARMA	438.00	480.20	474.40	8.31
TATA METALIKS	669.35	732.10	724.80	8.28
INDIAN BANK	89.50	98.65	96.50	7.82

12:42 PM

MARKET CHECK :: Sensex trades in the green

12:33 PM

NEWS ALERT :: Adani Enterprises receives LoA from NHAI

>> AEL has recently participated in tender issued by NHAI under Hybrid Annuity Mode (HAM) and we are pleased to inform you that AEL has received a letter of award (LOA) from NHAI for a road project in Kerala.

>> Thr project is for: Six Laning of Azhiyur to Vengalam section of NH-17 (New NH-66) from Des. Ch. 189+200 (Ex. km 188+000) to Des.Ch. 232+100 (Ex. km 230+400) [except Six laning of Paloli to Moorad section from Des. Ch. 203+000 (Ex. km 201+590) to Des.Ch. 205+100 (Ex. km 203+900)] in the State of Kerala on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojna.