Indices turn negative for 2021 as Sensex tanks 938 pts, Nifty gives up 14k

All that happened in the markets today

9:08 AM

Commodity Heatmap

9:04 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:03 AM

Markets at Pre-open

9:02 AM

Markets at Pre-open

8:55 AM

Stocks to watch: Axis Bank, HUL, L&T, BoB, auto stocks, Affle India

L&T: Larsen & Toubro (L&T) reported a consolidated net profit of Rs 2,467 crore in the December quarter, up nearly 5 per cent from the same period last year as lower expenses lent some support to the bottom line even as revenues were a tad muted. 

 

Auto stocks: Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs. The same will come into effect from April 2022. READ MORE

 

8:53 AM

Stock calls by Nilesh Jain of Anand Rathi

BUY DIVISLAB | TARGET: Rs 3,720 | STOP LOSS: Rs 3,480

 

The stock has formed a hammer candle on the daily chart, which is considered as a bullish reversal pattern. The momentum indicators and oscillators have reached the oversold territory on the daily chart. It also reached the lower band of the Bollinger band which is likely to act as immediate support. Based on the above rationale, we can expect a strong pullback in the counter. READ MORE

8:48 AM

Result today :: Axis Bank's profit may jump up to 83% YoY; asset quality could take a hit

Motilal Oswal Financial Services

Including a 14.7 per cent year-on-year growth in NII at Rs 7,400 crore, MOFSL projects the lender’s total revenue at Rs 11,460 crore for the quarter under review. Adjusting for operating expenses, operating profit is pegged at Rs 6,830 crore, up nearly 19 per cent YoY.

 

However, owing to higher provisions, the brokerage expects the bank’s PAT to decline 14.6 per cent on year to Rs 1,500 crore. READ MORE

8:44 AM

Dip in PAT, weak asset quality: What to track in Bank of Baroda's Q3 result

Even as economic activity began to look up in the December quarter, Bank of Baroda (BoB) may not have been able to leverage on it, fear analysts. The lender, which is scheduled to report its December quarter results (Q3FY21) on January 27, may report muted earnings on the back of moderate treasury gains, higher operating expenses, and elevated provisions. READ MORE

8:39 AM

Result today :: Double-digit revenue growth likely in HUL on GSK acquisition

Preference for essential goods, with utmost importance to health and hygiene segment, increased in-home consumption of packaged foods, stabilisation of the distribution network and gradual unlocking of the economy are some of the factors that are likely to boost the sales of fast-moving consumer good (FMCG) companies during the third quarter of the financial year 2021.

 

On the back of these factors, most brokerages expect double-digit growth in sales of essential goods-focussed firms. While Hindustan Unilever (HUL) is likely to see a sequential improvement in sales, its organic growth is likely to be below peers in mid-single digits. READ MORE

8:36 AM

Bulk deals on the BSE as on Monday

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8:33 AM

Bulk deals on the NSE as on Monday

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8:31 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:29 AM

Rupee check

Source: Bloomberg

8:23 AM

Oil rises as US oil stockpiles drop, new Chinese Covid-19 cases decline

>> Oil prices climbed on Wednesday after industry data showed US crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of a pick-up in demand.

>> US West Texas Intermediate (WTI) crude futures rose 10 cents, or 0.2%, to $52.71 a barrel, reversing some of Tuesday’s loss.

 

>> Brent crude futures climbed 11 cents, or 0.2%, to $56.02 a barrel, adding to a small gain on Tuesday.

(Source: Reuters)

8:21 AM

SGX Nifty Update

>> At 8:20 am, the index was trading 14,140 levels.