Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end

Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619

Stock market highlights on January 10, 2023: Equity benchmark indices managed to close Wednesday's highly volatile trade with some strength as heavyweights Reliance Ind, ICICI Bank, HDFC Bank and HCLTech lent support in the fag end.

The S&P BSE Sensex closed 272 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619. It bounced back from a low of 21,449. 
 

The broader indices also rebounded into the positive zone - both - BSE MidCap and SmallCap ended 0.2 and 0.3 per cent, respectively. 

Nifty Media rallied 3.5 per cent. Nifty Metal and Cons durbales closed 0.95 per cent and 0.66 per cent higher, respectively. FMCG pocket closed 0.4 per cent down. 

Among stocks, Network 18, Cochin Shipyard were the lead winners, which closed at their respective 20 per cent upper circuits. By closing, total 489 stocks on the BSE ended at their upper circuits. Read about them here

3:54 PM

COMMENT:: Inflation data likely to provide market direction

"The weakness in global indices continued to weigh down the domestic indices with every up move. The market is looking for fresh triggers for a direction, and the release of US and Indian inflation data may provide a near-term direction in the market. The investor's focus will be shifted to the earnings season, on a sequential basis, the earnings growth is likely to be lower, while the expectations for auto, capital goods, and cement will remain strong."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

3:51 PM

VIEW:: Look to buy Nifty in the 21,550 - 21,600 range

"The Nifty index bounced back strongly from its important support at 21,500, indicating that the bulls are quite active at this level. The Nifty closed at 21,623, near its resistance. If it manages to close above 21,700-21,750 levels, we might see the Nifty reaching 22,000. For those looking to buy Nifty, the recommended range is between 21,550-21,600. Set a stop loss at 21,480 and aim for a target of 21,750."

 

- Rupak De, Senior Technical Analyst at LKP Securities

3:50 PM

VIEW:: Bank Nifty needs needs to conquer 47,500 to initiate short-covering

"The Bank Nifty index experienced a volatile trading session on the day of weekly expiry, but the bulls successfully defended the crucial support level of 47,000. Despite this, the overall market sentiment remains in "sell on rise" mode. The immediate hurdle for the index is at 47,500, where the highest open interest is concentrated on the call side. To initiate a short-covering move and potentially target the 48,000 mark, the index needs to convincingly surpass the level of 47,500 on a closing basis."

 

- Kunal Shah, Senior Technical Analyst at LKP Securities

 

3:47 PM

Market breadth was positive; 2,092 stocks advanced v/s 1,742 declining shares on the BSE

3:45 PM

BSE Smallcap Heatmap:: Network18, TV18 zoom up to 20%; San Infra plunges 10%

3:44 PM

BSE Midcap Heatmap:: Delhivery, GSK Pharma shine; SJVN, NMDC whine

3:41 PM

Nifty Movers & Shakers:: Adani, Ambani flagship firms top gainers; Divis Lab dips

3:39 PM

Sensex 30 Heatmap:: 14 Gainers v/s 16 Losers

3:38 PM

Broader Market Check:: MidCap, SmallCap indices end mixed; India Vix dips 2%

3:36 PM

CLOSING BELL:: NSE Nifty50 settles with a gain of 74 pts at 21,619

3:34 PM

CLOSING BELL:: S&P BSE Sensex ends 272 pts higher at 71,658

3:28 PM

465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%

Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1. Read

2:59 PM

Global check:: US, UK stock futures marginally up

Source: Investing.com

2:47 PM

Q3 preview: TCS likely to report single-digit growth in revenue, net profit

As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher. READ MORE

2:34 PM

SBI raising $300 mn via medium term bonds, assigned BBB- ratings by S&P

State Bank of India (SBI) is in the market to raise about $ 300 million through medium-term notes to garner resources for lending international customers. READ MORE