Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101

CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively

4:18 PM

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

The Nifty, on January 06, had moved down towards the lows seen in the last couple of weeks. It had fallen towards the 20 WMA, daily lower Bollinger Band & the 50% retracement of the Sept-Dec 2022 rally. These parameters were present near the lower end of the short term consolidation range, which is 17800. Thereon the index witnessed a smart bounce on January 09. It can go on till 18200-18260 on the higher side. The level of 18000 will act as an immediate support. The overall structure for the last few sessions shows that the sharp moves in both the directions are part of the short term consolidation process.

4:14 PM

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

Wall Street climbed in anticipation of a less aggressive US Fed as wage growth slowed and service activity contracted, fuelling bets that inflation is moderating. Furthermore, the December payrolls rising higher than anticipated increased the possibility of a softer landing for the US economy. These gains were also absorbed by the domestic market, with IT being the biggest gainer ahead of the release of sector earnings, as the favourable US economy boosted sector optimism.

4:09 PM

GLOBAL CHECK: Mixed trade for European markets

4:05 PM

GLOBAL CHECK: US equity futures continue to inch up in trade

4:00 PM

Over 2,000 stocks advanced, while 1,582 declined

3:54 PM

Broader markets upbeat; India VIX slips 2%

3:49 PM

All sectors close in positive territory; Nifty IT best sectoral performer

3:44 PM

Titan, Bajaj Finserv, Grasim top Nifty50 losers

3:40 PM

M&M, SBI Life, IndusInd Bank top Nifty50 gainers

3:38 PM

SENSEX HEATMAP: Only 3 out of 30 index constituents close in red

3:34 PM

CLOSING BELL: Nifty50 closes above 18,100 levels, up 200 points

3:32 PM

CLOSING BELL: Bulls drive Sensex over 800 points higher

3:20 PM

Budget to be fiscally prudent without losing growth focus: DBS economist

DBS Bank expects the government to target a fiscal deficit of 5.8-5.9% of gross domestic product (GDP) in 2023/24 as against the 6.4% outlined for this financial year ending on March 31. READ MORE

3:10 PM

Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report

They raised more than Rs 73,000 crore in FY22, says rating agency ICRA. READ MORE

3:01 PM

Global Check:: US, UK stock futures advance up to 0.5%

Source: Investing.com

2:53 PM

ALERT :: Nifty IT index soars 3%; HCL Tech, TCS top winners

2:50 PM

Credit worthiness of India, others in APAC to be stable, says Moody's

The credit worthiness outlook for sovereigns in the Asia-Pacific (APAC) region, including India for 2023 is stable as compared to the negative outlook for sovereigns globally, said credit rating agency Moody's Investors Service on Monday. READ MORE

2:44 PM

BSE 500:: Zydus Life, ICICI Bank, M&M among volume shockers

Zydus Lifesciences witnessed unusally high volume of around 2.22 lakh shares so far on the BSE as against its five-day average volume of around 31,700-odd shares. Similarly, ICICI Bank, Mahindra & Mahindra, G R Infraprojects and HCL Technologies were among the other BSE 500 volume toppers on Monday.

2:33 PM

Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%

Lambodhara Textiles hit a 52-week high of Rs 164, surging 16% in the intra-day trade today. The stock has rallied 30% in the past two trading days. READ MORE

2:32 PM

COMMENT :: 'May see first signs of weak earnings in Q3; markets to remain volatile'

Indian markets were in the green today on the back of a rally in the global equity markets due to various factors. However, from a medium-term perspective, we believe the market will continue to remain volatile. The market direction will be determined by the upcoming result season, where we could see the first signs of earnings momentum weakening, and the announcement of the Union budget, scheduled on 1st February 2023.

Views by: Naveen Kulkarni, Chief Investment Officer, Axis Securities

 

2:23 PM

Delivery percentage improved in 2022 amid new margin norms, shows data

The upfront margins were first introduced in 2020 and the thresholds raised in a phased manner. Traders were mandated to keep 25 per cent of the margin money between December 2020 and February 2021. READ MORE

2:15 PM

News Alert:: TARC's luxury residential project reports Rs 350 crore sales

TARC Limited, the New Delhi based premium real estate deveioper has clocked sales worth Rs 350 crore for its recently iaunched luxury residential project TARC Tripundra in Delhi.

2:02 PM

BSE 500:: Chemplast Sanmar, Vodafone, Equitas SFB among top losers

Chemplast Sanmar down over 5 per cent was the top loser among the BSE 500 stocks. Vodafone India, CEAT, Equitas Small Finance Bank and EPL, down 3 - 5 each were the other prominent losers so far on Monday.

1:52 PM

Market Check:: Sensex pares gain, up 530 points

1:45 PM

Strong earnings growth can be market propeller: IDFC Mutual Fund CEO

The equity market delivered subdued returns in 2022 amid uncertainties at the macro level, starting with the Russia-Ukraine stand-off, rate tightening, and high inflation. Headwinds loom large on 2023 returns, given the recessionary fears and high valuations of Indian stocks. Vishal Kapoor, chief executive officer, IDFC Mutual Fund (MF), says markets can still go up if earnings growth turns out to be strong this calendar. READ INTERVIEW

1:35 PM

Global Check:: Asian markets log strong gains

Source: Yahoo Finance

1:27 PM

FPIs warm up to finance and FMCG stocks in December, shows data

The stocks of financial services and fast-moving consumer goods (FMCG) companies accounted for the maximum foreign portfolio investor (FPI) buying during the second fortnight of December last year. READ MORE

1:18 PM

NEWS ALERT:: PVR opens new multiplexes in Jaipur, Bengaluru and Gurugram

The company informed BSE, that it opened 3 new multiplexes in Jaipur, Bengaluru and Gurugram with a total count of 19 screens. PVR announced the launch of its 8-screen multiplex, the largest in Rajasthan, 7-screen multiplex at Bhartiya Mall of Bengaluru at Bhartiya City and 4-screen multiplex in Haryana with Elan Town Centre.

1:09 PM

Godfrey Phillips India hits record high; stock zooms 100% in 6 months

In October 2022, Godfrey Phillips divested from the chewing business by sale/ assignment of associated trademarks and certain non-current assets to focus more on cigarette business. READ MORE

12:59 PM

BSE 500:: Godfrey Phillips, Aether Inds, PNB Housing among top gainers

Godfrey Phillips up nearly 7 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Aether Industries, G R Infraproject, PNB Housing and Aegis Logistics, up 5 - 6 per cent each.