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