Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
 "Sensex")
(Photo: Bloomberg)
CLOSING BELL
The domestic markets closed higher for the second consecutive day in 2023, supported by strong quarterly updates posted by financial names and solid loan growth.
While the benchmark index Nifty50 recouped intra-day's losses to close above 18,200 levels, after hitting a low of 18,149; the S&P BSE Sensex reversed over 250 points from day's low of 61,004 to close at 61,294 levels.
Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent. India VIX, the volatility gauge, on the other hand, slipped over 2 per cent.
That apart, all sectors shifted between gains and losses in Tuesday's trade. Nifty Bank, Nifty Pharma, Nifty IT indices closed in positive territory, surging up to 0.7 per cent. However, Nifty Auto, Nifty Metal, Nifty FMCG, and Nifty Media indices declined up to 0.7 per cent.
Among individual stocks, shares of Power Finance Corporation (PFC) rallied 5 per cent to hit over five-year high at Rs 157.80 amid heavy volumes. READ MORE
Besides, shares of automobile companies were mixed in Tuesday's trade as the December sales figures highlighted diverse trends. READ MORE
GLOBAL MARKETS
Globally, the US equity futures inched higher on Tuesday ahead of a flurry of macro-economic data. Dow Jones Futures, NASDAQ Futures, and the S&P 500 Futures increased up to 1 per cent.
European markets, too, edged higher in trade as China's re-opening boosted travel stocks. Stoxx 600, FTSE 100, DAX, CAC 40 indices rose up to 2 per cent.
4:10 PM
Views by Vinod Nair, Head of Research at Geojit Financial Services.![]()
COMMENT: Initial quarterly updates from banks reveal solid business traction
In the absence of major economic triggers, the domestic market has shifted its focus towards the Q3 earnings season, which is set to kick off this week.
Banks' initial quarterly business results revealed solid business traction supported by robust loan growth.
IT and banks will take centre stage in the coming days as the trend in the market will be determined by the early signals from sector majors.
Banks' initial quarterly business results revealed solid business traction supported by robust loan growth.
IT and banks will take centre stage in the coming days as the trend in the market will be determined by the early signals from sector majors.
Views by Vinod Nair, Head of Research at Geojit Financial Services.
4:02 PM
UCO Bank surges over 4%; board approves fund raise of up to Rs 1,000 cr in FY24
3:59 PM
Marine Electricals wins Rs 23.5 crore order from Adani Connex; stock zooms 4%
3:56 PM
Likhitha Infra gains 3% on winning Rs 120 crore order
3:54 PM
South Indian Bank jumps 6%; Q3 CASA deposits rise 9% YoY
3:51 PM
Kamat Hotels enters pact for sale of VITS, Mumbai unit for Rs 125 cr; stock ends 3% up
3:48 PM
![]()
Rupee ends at 82.88/$ against Monday’s close of 82.74/$
3:46 PM
SECTORS: Financials, IT pockets gain the most; Auto, Metals underperform
3:40 PM
Broader markets gain in line with benchmark indices
3:39 PM
Hindalco, JSW Steel, Britannia top Nifty losers; shed 1-2%
3:38 PM
HDFC Life, SBI Life claim top Nifty winner spots; surge up to 4%
3:36 PM
HEATMAP: M&M, Reliance, HUL, ITC top Sensex drags
3:34 PM
CLOSING BELL: Nifty closes above 18,200; 24 stocks in red
3:32 PM
CLOSING BELL: Sensex closes off highs, up 126 points
3:29 PM![]()
Bank of Maharashtra records 22% loan growth to Rs 1.57 trillion in Q3
The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021, BoM said. Read more
Topics : MARKET LIVE Markets Markets Sensex Nifty stock market trading stock market investing Indian stock markets stock markets SGX Nifty Global Markets Asian markets US Federal Reserve US Fed rates Reliance Industries Zomato IRCTC
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 03 2023 | 8:07 AM IST
