Friday, January 10, 2025 | 08:23 AM ISTEN Hindi

MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine

All that happened in markets today.

SI Reporter New Delhi

Ongoing bull market phase 'longest and slowest', says Morgan Stanley

9:17 AM

Nifty at open

9:16 AM

Market at open

9:14 AM

NEWS ALERT | 29 lakh shares (2.1% equity) of Eris Life traded in 3 block deals on NSE: CNBC TV18

9:11 AM

NEWS ALERT | DCB Bank clarifies on its exposure to Karvy Stock Broking Ltd

9:03 AM

Market at pre-open

9:01 AM

Rupee opening

Rupee opens flat at 71.69/$ vs Friday's close of 71.71 against the US dollar

8:59 AM

FPIs infuse Rs 17,722 cr into Indian markets in November so far; still wary

According to depositories data, overseas investors pumped in a net sum of Rs 17,547.55 crore into equities and Rs 175.27 crore in the debt segment during November 1-22, taking the cumulative net investment to Rs 17,722.82 crore.

FPIs were net buyers in the preceding two months as well. They infused a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt). READ MORE

8:49 AM

Stocks to watch

Sensex rejig: Titan Company, UltraTech Cements and Nestle India will replace YES Bank, Vedanta, Tata Motors and Tata Motors DVR in the benchmark Sensex. The changes will be effective Monday, 23 December 2019.

Voda Idea: Vodafone Idea on Friday said Care Ratings has downgraded rating on its long term bank facilities and non-convertible debentures citing erosion in the firm's overall risk profile following the SC ruling on AGR dues, as also significant losses in September quarter. READ MORE

8:47 AM

Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse

Market regulator Securities and Exchange Board of India (Sebi) has trained guns on more brokers for indulging in the practice of using clients’ shares. Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore. READ REPORT HERE

8:42 AM

Airtel and Voda-Idea remain risky bets

Policymakers have come to the unsurprising conclusion that the telecom sector is too big to fail. Airtel and Vodafone Idea would cease to be going concerns if they had to fork out a combined Rs 83,000 crore in Adjusted Gross Revenue (AGR) by January 2020. That would lead to the sector becoming a monopoly. It would also leave some 700 million subscribers in the lurch. READ MORE HERE

8:39 AM

Nifty outlook and top trading ideas by CapitalVia: Buy HDFC, Equitas

Market traded lower on Friday; Nifty facing stiff resistance at 12,000

Market traded with negative sentiments on Friday as it witnessed profit booking on higher levels despite strong global cues. Nifty closed at 11,914.40 shedding 54 points. Media, metals and automobile stocks traded with positive sentiments through the day and gained most among indices. Nifty Bank closed at 31,111.60, losing 238.40 points from the previous day’s closing.

As per weekly options data, a handful of Put unwinding on strikes ranging from 11,900 to 12,100 shows Nifty is witnessing weakening support in the zone of sub-11,950. Call writing on higher strikes ranging of 11,900 to 12,100 shows market is likely to face resistance at higher levels. READ MORE

8:26 AM