Thursday, January 09, 2025 | 12:49 PM ISTEN Hindi

MARKET WRAP: Sensex settles 39 pts higher; IT, pharma stocks decline

Sectorally, public sector banks gained the most, with the index closing 1.5 per cent higher. This was followed by Nifty auto index, up 1.15 per cent.

SI Reporter New Delhi

8:31 AM

What will happen in the stock markets?

One of my favourite clients recently sought my opinion about an investment strategy called value investment plan (VIP) – a variant of the popular systematic investment plan or SIP. And of course, he followed it up with the all-time favourite question: What will happen in the stock markets? First, the fact remains that it is almost impossible to predict the course of the stock markets, even over a longer period. READ MORE

8:28 AM

Safe bet in slowdown season: Software exporters, FMCG bring investors cheer

As economic slowdown hits more sectors, software exporters and fast-moving consumer goods (FMCG) companies have emerged as a safe haven for investors, with steady growth in revenues and profits. It has also helped that most of the top companies in these sectors, such as Tata Consultancy Services, Infosys, Wipro, HCL Technologies, ITC, Hindustan Unilever, Nestlé, Britannia, and Colgate Palmolive, are debt-free. READ MORE

8:22 AM

Nifty View and Top trading ideas by CapitalVia Global Research Limited

Buy Hero MotoCorp above Rs 2,652

Target: Rs 2,775

Stop loss: Rs 2,550

The stock was trading with a positive bias irrespective of current market sentiments. The level above 2,652 would result in resistance breakout on the daily charts. Moving average and the Oscillator setup is bullish on the short- and medium-term charts. Considering the technical evidence discussed above, we recommend buying the stock above Rs 2,652 for the target of Rs 2,775, keeping a stop loss at Rs 2,550 on closing basis. READ MORE

8:18 AM

Stock pick by Tradebulls Securities

Stock: JSW STEEL

Reco : BUY

CMP: Rs 227.75

The stock continued its recovery from 52-week lows, closing above its recent gap resistance placed around 223 levels. Daily RSI picked up momentum after surpassing its signal line, as expected. Further short covering can be expected in the stock above 230 levels as it bears highest call OI. The stock can be bought with a stop placed below Rs 224.20 price confluence support zone for short covering move targeting 242 levels in coming sessions. READ MORE

8:17 AM

Bulk deals on NSE as on Wednesday

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
14-Aug-2019	COX&KINGS	Cox & Kings Limited	CHETAN RASIKLAL SHAH	BUY	10,20,002	7.45	-
14-Aug-2019	COX&KINGS	Cox & Kings Limited	CHETAN RASIKLAL SHAH	SELL	10,00,002	7.45	-
14-Aug-2019	COX&KINGS	Cox & Kings Limited	JYOTI PORTFOLIO LTD	BUY	20,00,000	7.45	-
14-Aug-2019	COX&KINGS	Cox & Kings Limited	JYOTI PORTFOLIO LTD	SELL	1,07,127	7.95	-
14-Aug-2019	COX&KINGS	Cox & Kings Limited	RATTANINDIA FINANCE PRIVATE LIMITED	SELL	18,93,192	7.45	-
14-Aug-2019	DHFL	Dewan Housing Fin Corp	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	19,36,624	47.50	-
14-Aug-2019	DHFL	Dewan Housing Fin Corp	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	19,36,624	47.33	-
14-Aug-2019	IBULHSGFIN	Indiabulls Hsg Fin Ltd	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	21,89,053	574.75	-
14-Aug-2019	IBULHSGFIN	Indiabulls Hsg Fin Ltd	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	21,89,053	574.91	-
14-Aug-2019	LYPSAGEMS	Lypsa Gems & Jewel Ltd	ANTARA INDIA EVERGREEN FUND LTD	BUY	4,88,663	3.85	-

8:16 AM

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

8:15 AM

Rupee check

8:13 AM

Oil check

At 8:12 am, Brent Crude Futures were at $58.64 per barrel.

India stands to lose 3,00,000 bpd of crude oil supply from Iran, and 4,00,000 bpd from Venezuela

8:11 AM

SGX Nifty

At 8:11 am, the Singaporean Exchange for Nifty Futures was trading 51 points higher at 10,948 level, indicating a positive start for the domeestic indices.