Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6%

Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)

3:47 PM

Tech View :: 'Markets are watching the upcoming HDFC Bank results'

The Bank Nifty bulls maintained control as the index successfully surpassed the critical resistance of 48,000 on a closing basis. Market participants are closely watching the upcoming HDFC Bank results, as a positive outcome could fuel additional upside towards the 50,000 mark. The lower end support for the index is positioned at 47,700, and a breach below this level may dampen the prevailing bullish sentiment.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

3:45 PM

Tech View :: 'Sustaining above 22,200 will drive Nifty towards 22,500'

The Nifty bulls maintained their momentum, propelling the index to new highs beyond the 22,000 mark. The major support for the index is situated at the 21,800 level, and a breach below this would be essential to negate the prevailing trend. The next immediate upside targets for the index are positioned at 22,200/22,300 levels. Sustaining above these levels could potentially lead the index towards the 22,500 mark.

Views by: Kunal Shah, Senior Technical & Derivative Analyst, LKP Securities. 

3:44 PM

Comment 'Investors to make measured moves this week'

The market gained momentum, led by the uptick in the IT index with the growing optimism about increased discretionary spending and strong deal wins.

The US bond yield edged lower as market participants bet on the FED easing cycle, which is expected to start in March. Investors are likely to take a more measured approach due to the release of Chinese GDP and UK inflation data this week.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:42 PM

Currency check :: Rupee ends 4 paise stronger

3:41 PM

SmallCap Heatmap :: Index underperforms, settles just 0.11% up

3:40 PM

MidCap Heatmap :: Index swings between zones intraday, ends 0.67% higher

3:38 PM

Nifty Heatmap :: IT shares, ONGC top gainers; HDFC Life, Bajaj Finserv Adani weak

3:37 PM

Closing Bell :: Nifty closes near 22,100

3:36 PM

Closing Bell :: Sensex leaps nearly 800 pts intraday, ends at record closing high

3:29 PM

Sebi introduces guidelines for AIFs on holding investment in demat form

However, investments made before this date have been exempted except in cases where the investee company is legally required to facilitate dematerialisation or when the AIF, alone or with other Sebi registered entities, has control over the investee company. READ MORE

3:19 PM

90% of Indian biz leaders planning to invest more in AI, Gen AI: Capgemini

In 2024, 82 per cent of Indian business leaders plan to increase their investment in digital tools and technologies. Among them, 90 per cent intend to invest more in AI and generative AI, 92 per cent in cloud technologies, 73 per cent in cybersecurity, and 71 per cent in digital twins and immersive technologies for industrial applications. READ MORE

3:06 PM

India ETF flows hit record in 2023, analysts see momentum persisting

Investors are looking at India to diversify their emerging markets portfolio amid worries about economic growth in China and Sino-US tensions, analysts said. READ MORE

2:57 PM

Global check:: US, UK stock futures indicated tepid trade

Source: Yahoo Finance

2:50 PM

HDFC Bank Q3 preview: In a steady quarter, analysts expect NIM to expand

India's largest private sector bank, HDFC Bank, may see a flattish quarterly earnings performance in the December quarter as the lending behemoth manages merger synergies.  READ MORE

2:36 PM

ALERT:: Pidilite Industries inks pact with Italy-based Syn-Bios; stock up 1%

Pidilite Industries in an exchange filing today said the company has partnered with Italy-based Syn-Bios, known for R&D and global marketing in the leather tanning industry.

 

In this collaboration, Pidilite will handle sales and distribution of Syn-Bios products in India, Sri Lanka, Bangladesh, Nepal, and Vietnam. Both companies will also engage in technical collaboration to offer comprehensive solutions for the Leather Industry, the release added.