RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun
Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid
11:03 AM
Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%
Shares of mid and small-sized jewellery companies were on a roll Thursday as they rallied up to 20 per cent on the BSE in the intraday trade amid heavy volumes on strong demand.
Motisons Jewellers, RBZ Jewellers, Senco Gold, and Goblin India were up in the range of 10 per cent to 20 per cent. Except Senco Gold, the remaining three stocks were locked in their respective upper circuit limits on the BSE with no sellers being seen on these counters. Read
10:50 AM
Govt plans to raise capital spending as much as 20% in FY25: Report
India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year's target of 5.9 per cent of gross domestic product (GDP), while also looking to raise capital spending by as much as 20per cent, two government officials said. Read
10:38 AM
Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights
The cryptocurrency market rallied on Thursday as the US Securities and Exchanges Commission (SEC) approved exchange-traded funds (ETFs). After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022. It has gained 1.5 per cent in the last 24 hours. Read
10:24 AM
View: Bouts of FII, DII selling and buying keeping market range-bound
There is no consistency in FII and DII behaviour so far this month. They are doing alternative bouts of buying and selling, which is restricting the market in a range.
The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts, which the market expects to begin by March 2023.
The US CPI inflation data due tonight will provide cues regarding this.
The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts, which the market expects to begin by March 2023.
The US CPI inflation data due tonight will provide cues regarding this.
The Q3 results season starting today with the results of TCS and Infy will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers. IT results will be tepid and FMCG will be a mixed bag.
More than broad market action, market responses will be stock-specific in response to results and management commentary.
Views by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
10:12 AM
Polycab tanks 23% as I-T dept finds Rs 1,000-crore as unaccounted sales
Shares of Polycab India tanked 23 per cent to Rs 3,801 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after the Income Tax (I-T) department detected "unaccounted cash sales" of about Rs 1,000 crore from its recent raids on the company. Read
9:54 AM
Bank of India gains 2% post Q3 update
Its total business rose 9.9 per cent YoY globally to Rs 12.76 trillion. Total deposits grew 8.66 per cent to Rs 7.10 trillion. In the domestic market, total deposits rose 7.62 per cent to Rs 6 trillion.
9:48 AM
HDFC AMC up 1% ahead of Q3 earnings
9:44 AM
Aster DM Health in red as IiAS votes against resolution to sell Gulf business
IiAS has recommended an ‘against’ vote on the resolution to sell the Gulf business, saying there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues.
9:40 AM
Phoenix Mills falls nearly 3% after Q3 business update
The company has reported 30 per cent YoY growth in gross retail collections at Rs 700 crore for the December quarter. Its total consumption jumped 24 per cent YoY to Rs 3,287 crore.
9:37 AM
Polycab tanks 15% as IT raids find Rs 1000 crore of unaccounted sales
9:33 AM
Infosys sees profit booking ahead of Q3 earnings
9:29 AM
Financial, PSB pockets jump nearly 1% each
9:26 AM
Pharma, IT majors fronltine losers on Nifty
9:24 AM
Hero Moto, Eicher additional Nifty winners
9:22 AM
Smallcap, Midcap indices outperform
Topics : Stock Market Sensex MARKET LIVE MARKET WRAP Markets Sensex Nifty Gift Nifty stock market trading Market trends Indian stock market
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First Published: Jan 11 2024 | 7:17 AM IST