Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

4:12 PM

TECHNICAL VIEW: Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

The Nifty has been witnessing sharp swings in both the directions, which is a part of the short term consolidation process. In terms of the price patterns, the oscillations in the last few sessions have resulted in a triangular pattern formation. The Nifty received support on the downside as it approached the lower end of the pattern. 17800 is a key support on the downside. Unless that breaks on a closing basis, the index is expected to witness recovery once again. On the higher side, immediate hurdle is at 18000 beyond which it can test 18100-18150 in the short term.

4:07 PM

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

After a volatile session, the domestic market anchored near the flat line as investors remained cautious ahead of the release of inflation data, though positive sentiments from global counterparts attempted multiple recoveries in between. India’s CPI for December is projected to remain unchanged, while the US CPI is estimated to further cool down from November’s level of 7.1%. The relentless selling by FIIs as a result of the premium valuation of the domestic market is weighing on the domestic market.

3:58 PM

Over 1,800 stocks advanced, while 1,626 declined

3:55 PM

Broader markets subdued; India VIX slips 0.4%

3:49 PM

Mixed trend seen across sectors; Nifty FMCG index slips over 1%

3:45 PM

Bharti Airtel, Cipla, Divi's Lab top Nifty50 laggards

3:41 PM

Hindalco, BPCL, Sun Pharma top Nifty50 gainers

3:39 PM

SENSEX HEATMAP: 14 out of 30 index constituents close in green

3:36 PM

CLOSING BELL: Nifty50 closes flat below 17,900 levels

3:34 PM

CLOSING BELL: Sensex closes flat at 60,105 levels

3:23 PM

Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA

Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast. READ MORE

3:13 PM

Etrio Automobiles ties up with Turno to deploy 1,000 e-3-wheelers pan-India

Electric commercial vehicle maker Etrio Automobiles in collaboration with EV financing platform Turno will deploy 1,000 e-three-wheelers pan-India in the next 12 months, the company said on Wednesday. READ MORE

3:00 PM

Global Check:: US, UK stock futures gain up to 0.6%

Source: Investing.com

2:51 PM

HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3: Analysts

As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23. READ MORE

2:41 PM

Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO

Shares of Shriram Asset Management Company (AMC) were locked in the 20 per cent upper circuit for a third straight day at Rs 174.20 on the BSE in Wednesday's subdued market. In comparison, the S&P BSE Sensex was up marginally by 0.02 per cent at 60,126. READ MORE

2:32 PM

No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward. READ MORE

2:22 PM

BSE 500:: Edelweiss, LTI Mindtree, Airtel among volume shockers

Edelweiss Financial Services witnessed unusally high volume of around 9.75 lakh shares so far on the BSE as against its five-day average volume of around 1.16 lakh shares. Similarly, LTI Mindtree, Bharti Airtel, Voltas and eClerx Services were among the other BSE 500 volume toppers on Wednesday.

2:14 PM

Small, mid CPSEs likely to be on Centre's FY24 disinvestment list

Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March. READ MORE

2:05 PM

Stock of this auto ancillary company has zoomed 38% in 3 days

In the past eight months, Shares of Sterling Tools have more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022. READ MORE

1:56 PM

BSE 500:: Sona BLW, Varun Beverages, Airtel among top losers

Sona BLW Precision down 4.5 per cent was the top loser among the BSE 500 stocks. Varun Beverages, Tejas Networks, Bharti Airtel and SRF, down 3 - 4 each were the other significant losers so far on Wednesday.

1:46 PM

Q3 results preview: RIL may see rise in sales but 10% decline in profit

Mukesh Ambani-led Reliance Industries (RIL) may report a mixed set of numbers for the third quarter of 2022-23, consensus estimates by Bloomberg show. READ MORE

1:36 PM

2023 will be decisive for Vodafone Idea, fundraising critical: CLSA

2023 will be a decisive year for Vodafone Idea (Vi), brokerage firm CLSA said on Tuesday. It added that data adoption and tariff hike-led revenue growth as well as 5G rollouts will be the key monitorable for the year. READ MORE

1:27 PM

WazirX's reserves at $284.4 million, highest in the form of Shiba Inu

Crypto exchange WazirX on Wednesday released its Proof of Reserves (POR), showing a reserves-to-liability ratio of over 1:1. The company has enough reserves to meet the withdrawal requests, it said. In total, it has reserves worth $284.45 million. READ MORE

1:16 PM

Global Check:: Nikkei gains 1% in a mixed Asian trade

Source: Yahoo Finance

1:07 PM

Ashok Leyland showcases six commercial vehicles at the Auto Expo 2023

The new products include a battery electric vehicle, a fuel cell electric vehicle, a hydrogen internal combustion engine (ICE) vehicle, a liquefied natural gas vehicle, an intercity CNG bus and a mini passenger bus. READ MORE

12:59 PM

Maruti Suzuki unveils concept electric SUV 'eVX' at Auto Expo 2023

Maruti Suzuki also displayed its range of 'sustainable' cars like the WagonR Flex Fuel prototype, Brezza S-CNG and Grand Vitara Intelligent Electric Hybrid at the Expo.

 

12:52 PM

BSE 500:: eClerx Services, Lloyds Metals, Oil India among top gainers

eClerx Services up nearly 6 per cent was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by Edelweiss Financial Services, Tata Investment Corporation, Lloyds Metals and Oil India, up 4 - 5 per cent each.

12:41 PM

Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY

Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation. READ MORE

12:33 PM

OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%

After two tight quarters of profit-margin shrinkage due to global volatility, Indian OMCs are expected to see reduction in operational losses in the October-December quarter (Q3FY23). READ MORE

12:15 PM

DLF, Macrotech Developers: Realty stocks remain resilient amid sell-off

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023. READ MORE