Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%

CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent

9:08 AM

PRE-OPEN TRADE: Over 50 points gain for Sensex

9:07 AM

PRE-OPEN TRADE: Nifty50 trades above 18,150 levels, up over 50pts

9:04 AM

CURRENCY CHECK: Rupee opens 82.31/$ against previous close of 82.17/$

8:58 AM

WATCH :: Will recent rural recovery give boost to FMCG stocks?

8:56 AM

ALERT :: Govt extends RBI deputy governor Michael Debabrata Patra's tenure by 1 year

8:53 AM

Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm

Real-estate: Quarterly sales updates by realty companies indicate that demand trends for both residential and commercial segments continue to remain strong. Macrotech Developers (Lodha) and Sobha registered their highest-ever quarterly bookings in the December quarter. 

 

SBI: The state-run bank may carry out a planned Rs 10,000 crore sale of infrastructure bonds in the market this week, with the securities likely to be of 15-year maturity, sources told Business Standard. READ MORE

8:50 AM

Brokerage Call on TCS :: Targets range from Rs 2,990 to Rs 3,840

Bernstein | Outperform | Rs 3,840

Commentary was constructive on N America & UK, while Europe outlook was weak. Qualified pipeline grew QoQ

JPMorgan | Underweight | Rs 3,000
Deal wins soft. Book to bill declining, net hiring negative. 5-10-yr average looks unjustified given worsening macro & continued slowdown 

Citi | Sell | Rs 2,990
Q3 was in-line, adjusted for growth in regional markets. Book to bill at 1.1X in Q3 vs 1.35X in FY22. Growth ex-regional markets at 1.2% QoQ

Morgan Stanely | Equalweight | Rs 3,350
Positives and negatives balancing each other well. Revenue beat but weak book-to-bill ratio

8:43 AM

TCS headcount down by over 2,000 in the third quarter of FY23

However, the management said the dip was not owing to any growth issues or global uncertainties but rather due to the overall hiring the company did in the previous financial year. TCS said this drop did not mean that hiring for next year would come down. READ MORE

8:40 AM

Q3 earnings season kicks off: TCS revenue rises 19%, net profit up 11%

Growth for the quarter was broad-based in terms of both geography and verticals and it was further propelled by cloud demand and market share gains. However, the company did not quantify the cloud momentum. READ MORE

8:36 AM

Fund Flow :: DIIs buy equities worth Rs 1,723.79 crore on Monday

8:34 AM

Fund Flow :: FII selling slows, offloads equities worth just Rs 203 crore on Monday

8:33 AM

Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies

BUY RateGain Travel Technologies

 

Target: Rs 330

 

After several attempts the stock has managed to reclaim its long term moving average. At this juncture it is on the verge of a trend line breakout which will get confirmed above Rs 310. We expect sharp upside momentum once the stock sustains above Rs 310 mark. READ MORE

8:29 AM

Tech View :: Resistance for Nifty seen at 18,140, says Ravi Nathani

Technical Indicators like MACD, Bollinger Bands & Moving Averages are suggesting very strong resistance for intraday is expected to be between 18,180 – 18,200 so keep a watch on this level closely. READ MORE

8:26 AM

Currency check :: Rupee logs sharp gains against greenback; rose 36 paise on Monday

8:24 AM

Commodity check :: Brent crude slips below $80/bbl