Thursday, January 09, 2025 | 03:59 PM ISTEN Hindi

Sensex snaps 4-day losing run, rises 428 pts; Nifty holds 16,450; RIL up 3%

CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers

SI Reporter New Delhi

9:07 AM

Pre-open session: Sensex sheds over 400 points

9:06 AM

Pre-open session: Nifty50 slips below 16,250 levels

9:03 AM

Currency at open : Rupee weaker by 2 paise; opens at record low of 77.75/$

9:00 AM

Top stocks on investor watch: Banks, Lupin, YES Bank, CG Electricals, Ujjivan SFB, Sugar

Banks: Among other key policy measures announced on Wednesday, the RBI allowed linking of credit cards to Unified Payments Interface (UPI), which so far was being used as a ‘pay now’ facility, wherein money was debited from a customer’s bank account directly for any transaction.

Bank of India: The bank has raised its repo-based linked rate to 7.75 per cent from earlier 7.25 per cent.

Lupin: The drug maker informed BSE, that the company received a tentative approval from the US health regulator to market Ivacaftor tablets, used to treat cystic fibrosis, in America. The product is the generic equivalent of Vertex Pharmaceuticals' Kalydeco tablets. Read here

markets, indian markets, bse, nse, share markets, stock markets

8:57 AM

CRYPTO VIEW: BTC's correlation to S&P500 down over last month

Though, BTC saw a slight surge, the digital asset was back trading near the $30,000 level. ETH blockchain’s testnet - Ropsten - transitioned to Proof-of-stake on Wednesday.

This is an important development as the Ropsten Merge marks an important milestone towards Ethereum's mainnet Merge, which is slated for later this year.

Though BTC has been moving in tandem with the equities market, its correlation to the S&P 500 index has declined over the past month.

If the crypto markets can move away from being correlated to the traditional markets, it would be a highly optimistic signal.

Views by Darshan Bathija, Co-Founder & CEO, Vauld

8:53 AM

DIIs stay upbeat; buy shares worth Rs 1,904 crores on Wednesday

8:52 AM

Rs 2,484 crores of selloff in equities by FIIs on Wednesday

And the March outflows were the most severe since March 2020 after the pandemic hit the world.

8:50 AM

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case. Read here

8:46 AM

WATCH BS SPECIAL: Will good monsoons enable RBI go slow on rate hikes this year?

RBI expects the inflation-inflicted pain to last for three more quarters as it raised the repo rate. However, the forecast of normal monsoon may take pressure off the RBI as it will cool off inflation. Watch