Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101

CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively

9:19 AM

OPENING BELL: Nifty gains 100 pts to test 18,000

9:17 AM

OPENING BELL: Sensex opens 300 pts higher

9:10 AM

PRE-OPEN: Nifty heading for a firm start

9:09 AM

PRE-OPEN: Sensex rises around 250 pts in pre-open deals

9:06 AM

Gold crosses 56,000-mark on MCX

Gold at its highest level since July 2020.

9:02 AM

CURRENCY ALERT: Rupee opens 42 paise stronger at 82.30/$

8:55 AM

Economists peg India's FY24 growth at 6% after advance estimates

Following the FY23 gross domestic product (GDP) advance estimates, economists have singled out the Indian economy’s relative resilience. Read here

8:52 AM

Urgent action needed to dilute risk of downturn, says World Bank

The World Bank is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release on Tuesday and visible on the group’s Open Knowledge Repository website. Read here

8:48 AM

FPIs begin 2023 in sell-off mode; pull out nearly Rs 5,900 crore

Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Read here

8:46 AM

ALERT: Paytm Q3 GMV rises 38% YoY to Rs 3.5 lakh crore

Average Monthly Transacting Users (MTU) at 85 million, up 32% YoY

 

Added 1 million devices in the quarter-ended December 2022

 

Merchant Payment Volumes (GMV) at ₹3.46 lakh cr, up 38% YoY

 

8:43 AM

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession. Read more

8:41 AM

Results preview: Non-financial companies stare at tepid Q3 earnings

Led by a sharp rise in the earnings of banks, the 50 companies comprising the Nifty are expected to report 10.5 per cent year-on-year (YoY) growth in their combined earnings during the October-December quarter (Q3FY23) as against just 1.7 per cent increase in the second quarter. Read more

8:38 AM

European equity futures also trade with gains

8:34 AM

US equity futures trade higher in post-market deals

8:30 AM

TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY

As per five brokerage estimates, TCS may post up to 18 per cent year-on-year (YoY) revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent YoY to around Rs 11,046 crore. READ PREVIEW HERE