Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall

CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.

4:15 PM

ALERT :: SC hears plea in Adani-Hindenburg case

4:14 PM

ALERT :: SC directs SpiceJet to encash bank guarantee & pay Maran Rs 270 crore in 2 weeks

4:13 PM

Earnings Alert :: Nykaa Q3 profit drops 71% YoY to Rs 8.1 crore

>> PAT was Rs 28 crore last year

 

>> Revenue rises 33.2% YoY to Rs 1,462.8 crore

 

>> Ebitda increases 13.5% YoY to Rs 78.2 crore

 

>> Margin shrinks to 5.4% vs 6.3% YoY

4:09 PM

F&O analysis :: Where are calls and puts being built on Nifty, Bank Nifty?

Nifty, today, saw call writing on both the weekly and monthly expiries from the 17,800 CE level all the way up to the 18,100 call level with the highest concentration of OI being at the 18,000 level.

Bank Nifty also saw a rise in the selling of calls at 41,500 which was different from its usual 2-3 day behaviour of short straddles being created at this level.

Traders from a monthly expiry perspective, however, remained unperturbed with today's fall as the 41,000 PE and 42,000 CE contours remain the ones with the highest OI even after today's down move.

Views by: Rahul Ghose, Founder & CEO – Hedged, an algorithm-powered advisory platform

4:07 PM

Tech View :: 'Daily momentum indicator suggests buy on dip on Nifty'

The Nifty opened on a flat note and witnessed selling pressure from the beginning of trade. It closed in the negative down 85 points. On the daily charts, Nifty has faced selling pressure from the zone 17,850 – 17,900 where resistance in the form of the 20-day moving average (17,862) was placed. Since past one week, the Nifty has been range bound and until we get a decisive move above the zone of 17,850 – 17,900 the range bound action is likely to continue.

The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought into. Overall, we expect the Nifty to test the upper end (18,100) of the downward sloping channel from short term perspective.

Views by: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

4:05 PM

Comment :: What will dictate market trend on Tuesday?

We expect market to remain lacklustre as investors await key economic data on global as well as domestic front to provide some clear direction. Domestic CPI data to be announce today post market, while US would release its monthly CPI data on Tuesday along with Europe’s GDP numbers. Auto and Capital goods stocks likely to do well on back of good quarterly results.

Views by: Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

4:04 PM

Comment :: 'PSU banks & IT stocks dragged indices as traders booked profits'

With the third quarter earnings season coming to a close this week, markets traded weak throughout the day ahead of the inflation print expected today. PSU banks & IT stocks dragged indices as traders booked profits on a rather dull day of trade wherein most of the sectoral indices ended in the red. Equity ownership of retail investors now stands at a record 24.5% at the end of third quarter even as they remind themselves of rising fixed income rates on dull days like today.

Views by: S Ranganathan, Head of Research at LKP Securities

 

4:02 PM

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption READ MORE

3:59 PM

Bond market :: Yields on 10-year G-Sec end off day's high

3:58 PM

Rupee closing :: INR ends weaker at 82.73/$ vs Friday's close of 82.50/$

3:55 PM

BSE Snapshot :: Market breadth negative with advance-decline ratio at 1:2

3:53 PM

ALERT :: Volatility gauge India VIX soars 7%

3:52 PM

Adani stocks :: Sell-off continues as group cuts revenue growth target

Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted.
 

3:49 PM

Buzzing stock :: Oil India ends near 8-month high on record Q3 profit

Shares of Oil India rallied after the company reported highest-ever quarterly profit of Rs 1,746.1 crore in the October-December quarter (Q3FY23) from Rs 1,244.9 crore, in the year-ago period.

3:47 PM

Buzzing stocks :: Lupin tumbles 8% as downgrades rain post weak Q3

Shares of Lupin came under heavy selling pressure on Monday after several brokerages downgraded the stock to 'reduce' or 'sell' post its weak earnings growth during the October-December quarter (Q3FY23). 

3:45 PM

Buzzing stock :: Coforge slides 7% on heavy volumes

According to a Business Standard report, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals. The shares offered are worth Rs 1,300 crore, with a greenshoe option of equivalent value, taking the total deal size to Rs 2,600 crore.

3:44 PM

Buzzing stock :: City Union Bank crashes 16% as profitability deteriorates in Q3

City Union Bank shares crashed as the lender's profitability took a hit on a sequential basis in the December quarter. Private-sector lender City Union Bank, on Saturday, registered a net profit of Rs 217.83 crore for Q3FY23, down 21.2 per cent quater-on-quarter (QoQ) from Rs 276.5 crore in Q2FY23.

3:42 PM

Sectoral trends :: Nifty FMCG ends higher amid gains in ITC, VBL

3:41 PM

Sectoral trends :: Nifty IT index down 2%; Coforge slumps over 7%, Persistent Systems 3.4%

3:39 PM

Sectoral trends :: Nifty PSU Bank index cracks 2.5% dragged by Canara Bank, Bank of Maharashtra

3:38 PM

Broader markets :: Sea of red across the board; MidCap index underperforms the most

3:36 PM

Sector check :: Broad-based selling seen ahead of CPI inflation data; FMCG index bucks trend

3:35 PM

Sensex Heatmap :: SBI, Infy, TCS end as worst laggards

3:34 PM

CLOSING BELL :: Nifty gives up 17,800

3:33 PM

CLOSING BELL :: Sensex ends over 300 pts off day's high

3:26 PM

Earnings Alert :: Wockhardt reports net loss of Rs 100 crore in Q3 vs net profit of Rs 2 crore YoY

3:19 PM

Earnings Alert :: Heidelberg Cement India's Q3 net sinks 82% YoY to Rs 5.5 cr vs Rs 30.4 cr

>> Revenue flat at Rs 540.1 cr vs Rs 544.5 cr YoY

 

>> Ebitda falls 46% to Rs 37 cr vs Rs 68.4 cr YoY

 

>> Margin contracts to 6.9% vs 12.6% YoY

 

3:09 PM

Brigade Enterprises sells properties worth Rs 2,618.5 cr in Apr-Dec FY23

In its investor presentation, the company highlighted that it has "achieved sales value of Rs 26,185 million (Rs 2,618.5 crore) during 9 months of FY23, a growth of 31 per cent over 9 month of FY22". Its sales bookings stood at Rs 1,994.8 crore in the year-ago period. READ MORE
 

2:58 PM

ALERT :: Adani Electricity Mumbai makes dollar bond interest payment

>> Adani Electricity Mumbai Ltd., part of Gautam Adani’s embattled empire, has made an interest payment due Monday on a dollar bond, an Adani Group spokesperson said.

>> Adani Electricity Mumbai has made the coupon payment of $19.7 million as per schedule, the spokesperson said when asked about the status. 

>> The coupon was due by the end of the business day Monday in New York on the firm’s 2030 notes, according to the bond documents. 
 

2:55 PM

Fast food gets a lot slower: Downgrades to bite quick-service restaurants

After a muted performance in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23), quick-service restaurants (QSR) are expected to have a bumpy ride in the near term, given softening demand outlook and margin headwinds. Most brokerages have revised their operating profit and earnings estimates for FY23 through 2024-25 (FY25) by up to 20 per cent. READ ANALYSIS