Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end

Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619

9:07 AM

Pre-Open: Sensex off to flat start

9:05 AM

Currency Alert: Rupee weakens 3 paise at 83.14/$

9:02 AM

Is geopolitics the unknown risk for the markets?

Global and domestic equities alike have remained unfazed by the geopolitical crises in the year gone by. The ongoing war in Gaza, however, risks roping in world powers as tensions brew in the Red Sea, while upcoming Taiwanese elections are keeping the mood in East Asia sour. So, are markets ignoring the geopolitical risk in 2024? Watch Video

8:58 AM

Equity issuances could top $40 bn in 2024, says Kotak Investment Banking

The average listing gains stood at an encouraging 33 per cent, making the BSE IPO index the third-best-performing such index globally. READ MORE

8:54 AM

Results preview: Insurers may see compression in Q3 profit margin

The life insurance industry is expected to report a compression in its margin during the third quarter of 2023-24 (Q3FY24), showing a decline in the share of non-participatory (non-par) products and movements in interest rates. Meanwhile, the combined ratio of non-life insurers is expected to feel the pressure of rising catastrophic events and surge in medical issues. The reduction in the share of non-participating products among life insurers is one of the major reasons for the contraction in the value of new business (VNB) margins of the companies. READ MORE

8:48 AM

Nykaa sees sharp upswing on robust performance in the third quarter

Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24. READ MORE

8:43 AM

LIC drives new business premium growth in December 2023, shows data

Life insurers collected 43.76 per cent higher new business premium (NBP) in December 2023 year-on-year (Y-o-Y) on the back of Life Insurance Corporation of India (LIC)'s strong performance. The NBP of LIC, which has been looking to arrest a fall in its market share, almost doubled. This was also the first month in the current financial year when market leader LIC's NBP grew. READ MORE

8:37 AM

Results preview: Yet another healthy showing likely for capital goods in Q3

Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year. READ MORE

8:35 AM

Results preview: Nifty 50 earnings likely to enter slow lane in Q3

If estimates of brokerages are anything to go by, there will be a sharp decline in the earnings growth of Nifty 50 companies in October-December 2023 (Q3FY24) on a year-on-year (Y-o-Y) basis from strong double-digit growth in the previous three quarters. READ MORE

8:31 AM

ALERT:: Gift Nifty quotes at 21,574, hints of a tepid start

8:25 AM

Asian Market Update:: Nikkei soars 1.8% in mixed trade

Source: Yahoo Finance

8:20 AM

Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin

Delta Corp reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore. READ MORE

8:15 AM

Buy Glenmark Life, Amber for up to 8% upside, recommends HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to face resistance around 21,750. READ MORE

8:10 AM

Nifty IT index trapped in consolidation range; Auto nears major hurdle

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen consolidating in the 35,300 - 34,400 trading range. READ MORE

8:05 AM

Fund flows:: FIIs turn sellers; DIIs net buy on Tuesday

FIIs net sold stocks to the tune of Rs 990.90 crore on Tuesday, while DIIs were net buyers of shares worth Rs 104.23 crore.