Friday, January 10, 2025 | 02:22 AM ISTEN Hindi

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

SI Reporter New Delhi

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

9:17 AM

OPENING BELL :: Sensex opens in red; down 480 points

9:12 AM

Commodity Check

9:09 AM

Sensex Heatmap :: Top gainers & losers in pre-open trade

9:06 AM

Nifty50 declines 159 pts in pre-open; slips below 17,500

9:04 AM

Pre-open session :: Sensex loses over 300 points

9:02 AM

Stocks to watch: Wipro, Zomato, Welspun India, Lupin, Rail Vikas Nigam

Dish TV: Direct-to-Home service provider Dish TV, which is facing a special notice from its shareholder Yes Bank to remove its Managing Director Jawahar Goel along with four other directors, has sought an extension of time for holding the annual general meeting of the company. The AGM of Dish TV was scheduled to be held on September 27, 2021.

Vodafone Idea: Debt-ridden telecom operator Vodafone Idea claimed to have recorded a peak speed of 3.7 gigabit per second (gbps), highest by any operator in India, during 5G trials in Pune. The company also claimed to have recorded 1.5 gbps download speed in the mid-band spectrum in Gandhinagar and Pune. READ MORE

8:50 AM

NEWS ALERT :: Welspun Corp in focus

Welspun Corp says with recent orders, orderbook rises to 4.92 lakh tonnes valued at Rs 4,700 crore

8:47 AM

Indian markets at dizzying heights; don't go overboard: Experts

The Sensex last week almost touched 60,000, while the Nifty edged closer to 18,000. These levels would have been difficult to fathom when the Sensex dropped below 26,000 and the Nifty fell to 7,500-levels on March 23, 2020, at the peak of the Covid-19 sell-off. Market pundits point out that such low levels were an aberration and one should not look at the gains made from these levels. But even from the valuation standpoint, stocks, across the board, are expensive. READ MORE

8:44 AM

Vaishali Parekh of Prabhudas Lilladher recommends buying M&M, Himadri

BUY M&M

CMP: Rs 754

TARGET: Rs 850

STOP LOSS: Rs 700

The stock has made a triple bottom formation on the daily chart and has bounced back with a positive candle pattern. It looks poised for further upward rise in the coming days.The RSI has regained from its low and has indicated a trend reversal thus signaling a 'Buy'. With good volume activity witnessed, we recommend a 'Buy' for an upside target of Rs 850, and keeping a stop loss at Rs 700. READ MORE

Buy, Sell, markets, stocks, shares, investments, funds, investors

8:41 AM

Nifty Outlook: Don't short but book profit at higher levels

After an extended weekend, markets opened on a flat note last Monday. During the first couple of sessions, we witnessed some consolidation with Nifty gradually moving towards 17,400. However, the remaining part of the week panned out so well for the bulls as we saw Nifty resuming its upward trajectory to register new highs every day by a fair margin. READ MORE

8:37 AM

Market Ahead Podcast, Sep 20: Factors that could guide markets this week

The two-day monetary policy meeting of the US Federal Reserve will dictate global market trends this week. Jerome Powell-led US Fed is set to meet on September 21 and 22, i.e. Tuesday and Wednesday, but market watchers expect the meeting to be a ‘non-event’.

A Reuters’ poll has revealed that US economists expect the Federal Reserve to announce an impending policy shift in November, instead of September, due to disappointing jobs data, and an unexpected dent to the economic recovery in Q3. Listen to the podcast here