Sensex soars 847 pts, ends above 72,550 for first time; Nifty nears 21,900

Closing Bell on Friday, January 12: Infosys jumped 8 per cent on the benchmark indices as new deal wins accounted for 71 per cent of total deals in Q3FY24. TCS, too, surged 4 per cent

10:55 AM

Hindustan Zinc receives GST notice worth Rs 12.7 cr; company to file appeal

Hindustan Zinc on Friday said that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate on account of an "interpretational issue". Read

10:41 AM

MARKET CHECK: Sensex surges 600 pts, at day's high

10:32 AM

Rupee falls 4 paise to 83.05 against US dollar; brent crude futures surge

The rupee breached its seven-day gaining streak and depreciated 4 paise to 83.05 against the US dollar in early trade on Friday as foreign investors rushed to withdraw funds amid a sharp rise in crude oil prices. Read

10:20 AM

View: Upside for TCS, Infosys to be limited

With inline results from Infosys and better-than-expected results from TCS, IT stocks will see some action today. Even though there is no positive message from the management commentary, the market is likely to respond positively to the absence of any bad news.

But the upside for TCS and Infy will be limited since it will take time for clarity to emerge on the prospects for the sector in FY25.
 

Resilience in IT stocks and strength in Reliance will enable Nifty to consolidate around 21600 levels. HDFC Bank results on January 16th will be keenly watched by the market for cues in the direction of Bank Nifty.
 

The U.S. CPI inflation inching up to 3.4% YoY is slightly negative from the global equity market perspective. The rate cut expected from the Fed in March this year may not materialise. It is likely to be postponed to June and , therefore, rate cut by the MPC will also get delayed.

Views by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

10:09 AM

Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic

The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum. Read

9:54 AM

HG Infra soars over 3% on winning order worth Rs 716 crore

The company has won for a project worth Rs 716 crore by Central Railways on an engineering, procurement, and construction basis.  

9:50 AM

Nykaa slips over 1% on likely block deal

Lexdale International is likely to divest 2.62 crore shares in the online beauty retailer through block deals, reported CNBC-Awaaz. The total value of this block deal stands at Rs 490 crore. 

9:47 AM

Tata Consumer up 2% on report co soon to acquire Organic India, Ching's Secret

Tata Consumer Products Ltd (TCPL) will soon acquire Organic India, backed by Fabindia, and Capital Foods, the maker of products under the brand name Ching's Secret, reported The Economic Times.

9:43 AM

HDFC AMC dips 2% post Q3 earnings

Net profit in Q3 rose 32% to Rs 488 crore. 

9:39 AM

Wipro, HCLTech also crusing higher ahead of Q3 results

9:35 AM

TCS jumps 4% on better-than-expected Q3 nos

9:32 AM

Revenue, margin beat sends Infosys soaring 6%

9:28 AM

Nifty IT index leaps 4% on strong Q3 nos from TCS, Infy

9:26 AM

Broader indices hold strength

9:24 AM

M&M, RIL, Power Grid, Nestle top frontline laggards