Financial Market

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty give up most gains, trade flat in volatile session; ICICI Bank, Kotak Bank Q3 results today

11:57:55 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Paisalo Digital may also consider raising equity capital through issue of shares to eligible employees

11:40:21 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Top 10 gainers from the banking space

11:24:57 AM IST, 20 January 2024

We will open today on a positive note, hoping to ride on a morning star candlestick formation, which appears diluted by yesterday’s doji though. We do not however, feel confident enough to climb back on the 22240- 22400 trajectory that we had been following for the last fortnight. This construct may be revisited once we see a day or two above 21800, which is what we were eying yesterday. Else, expect Nifty slip into a sideways bias, or a slow drop to the 20900 vicinity.

– Anand James, Chief Market Strategist, Geojit Financial Service

11:15:36 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Godawari Power has received an approval letter from Chhattisgarh Environment Conservation Board vide which the Board has accorded its “Consent To Operate” for enhanced capacity of Sponge Iron Division (SID) from 4,95,000 Metric Tons per annum to 5,94,000 Metric Tons per annum on trial basis at existing plant site at Siltara Industrial Area, Raipur, Chhattisgarh valid upto 31.08.2024, subject to further renewal.

11:11:58 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Top 10 losers at this hour

10:47:03 AM IST, 20 January 2024

Stock Market LIVE Updates: Key global earnings next week

TUESDAY
Netflix Inc

WEDNESDAY
Tesla Inc

THURSDAY
American Airlines
Visa Inc

FRIDAY
American Express

10:30:45 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: NHPC, SJVN among top gainers from power sector

10:28:40 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Zee Entertainment Enterprises has formally written to Culver Max Entertainment, an indirect subsidiary of Sony Group Corp, about extending the good faith negotiations to complete the merger deal but had not received any response from Sony’s India subsidiary till late Friday night.

10:24:06 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Citi downgrades RIL to neutral from buy

  • Citigroup downgraded RIL post Q3 results but raised the target price to Rs 2910 from Rs 2600 earlier
  • The Q3 numbers were largely in line with estimates
  • The O2C was softer while the Oil & Gas segments reported strong numbers
  • Reliance Jio & retail segment numbers were in line with estimates
  • Cit downgraded RIL to Neutral as the risk-to-reward ratio is fairly balanced

10:04:52 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: What to expect from ICICI Bank results today?

We expect the second largest private sector bank to come out with healthy numbers in Q3FY24 aided by solid loan book growth and robust retail franchise. Though there would be some NIM compression continuing in Q3FY24 due to the passing of the increased cost of funds, the absolute profitability would show a double-digit growth on an annual basis. We expect RoA to be in the range of 2.3-2.5% and RoE in the range of 15-18% annualized this quarter. However, the bank’s decision to deal with an unsecured loan book will be a key thing to watch out for this quarter. Though we expect the opex cost to remain at elevated levels due to the bank’s focus on branch expansion, the profitability of the bank seems to be intact. With the uptick seen in rural demand in Q3FY23, we anticipate the bank’s business growth to be in high teens and CASA remaining constant in the range of 40-42%. Furthermore, we do not see any deterioration in the bank’s asset quality due to its strong credit profiling and high dependence on granular asset book. Shreyansh V.Shah, Research Analyst, StoxBox

10:00:56 AM IST, 20 January 2024

Stock Market LIVE Updates: Top 5 gainers from realty pack

09:49:29 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Digital payments major Paytm on Friday reported that it has narrowed its losses to Rs 220 crore for the quarter ended December 2023, compared with Rs 290 crore in the preceding September quarter and Rs 392 crore in the year-ago quarter. Revenue from operations in the third quarter jumped 38% to Rs 2,850 crore as against Rs 2,062 crore in the corresponding quarter of the previous year.

09:33:09 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Reliance Industries Ltd (RIL), India’s biggest company by market capitalisation, reported an 11% increase in consolidated net profit in the December quarter, supported by its telecom, retail and oil and gas businesses. Net profit rose to Rs 19,641 crore from Rs 17,706 crore in the year earlier. Revenue from operations was up 3.2% to Rs 2.48 lakh crore from Rs 2.40 lakh crore.

09:26:29 AM IST, 20 January 2024

The recent correction in the market has not changed the underlying uptrend in the market. FII selling is being countered by sustained DII and retail buying. And the strength of the economy is providing fundamental support to the market. Therefore, FII selling is not strong enough to pull down the market hugely, unlike in the past when FIIs used to call the shots. This feature of the market can be utilised by investors to buy quality stocks which come under short term pressure due to FII selling. It is important to buy high quality stocks in performing sectors since many unproven stocks in the broader market are flying high on hopes rather than on fundamentals or strong prospects. Hyper speculative/ trading activity has pushed many mid and small cap stocks to frothy valuations. Correction in these stocks is only a matter of time.

– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

09:24:14 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Ahead of earnings today, these bank stocks are trading in the green

09:21:24 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: RVNL, Ircon, NHPC among most active stocks on NSE in opening deals

09:19:08 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: A look at Sensex stocks in opening trade

  • Barring HUL and Nestle India, all stocks trade in the green

09:17:26 AM IST, 20 January 2024

Opening Bell: Sensex rises 300 points, reclaims 72K; Nifty above 21,700; Paytm jumps 3%, HUL dips 3%

09:14:58 AM IST, 20 January 2024

Stock Market LIVE Updates | Tech View: Avdhut Bagkar Technical and Derivatives Analyst, StoxBoX

The US market moved sharply higher throughout the trading session on Friday, adding to the substantial gains posted during Thursday’s session. With the continued upward move, the Dow and the S&P 500 set new record closing highs, while the tech-heavy Nasdaq reached its best closing level in two years. Asian stocks ended mixed on Friday, even as softening Fed expectations and bullish forecasts on AI demand lifted technology stocks. Indian shares rose notably on Friday, mirroring firm cues from global markets. Markets remain attached to the prospect of a March US rate cut despite cautious comments from several Federal Reserve officials in recent sessions. On the stock–specific news, India’s largest conglomerate, Reliance Industries Ltd., will be in focus as it reported a strong operational and financial contribution from all business segments in Q3FY24. Meanwhile, banks ended slowly as investors awaited earnings from ICICI Bank and Kotak Mahindra Bank for direction.

The Gift Nifty is indicating a muted opening on Saturday ahead of the unscheduled holiday on Monday. The overall bias for the index remains fragile despite scaling over the 21656 yesterday, its 20-exponential moving average (EMA), as major hurdle floats between 21800-218500 levels. On the downside, 21550- 21550 zone keeps bolstering the upward bias, and if the index succeeds to overcome 21850, further upside to 22000 cannot be ruled out.

09:08:50 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises over 300 points; Nifty above 21,700

08:42:40 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Fed won’t start rate cuts until May: Traders

The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market confidence in the idea of an earlier start to interest-rate cuts.

08:02:35 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: NSE & BSE to have normal trading today, but Monday to be a holiday

Stock exchanges NSE and BSE on Friday said there will be normal trading sessions on January 20 and a trading holiday on January 22.

07:18:12 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Quarterly earnings today

ICICI Bank, Kotak, IDBI Bank, IDFC First Bank and a slew of other companies will announce their third quarter results today.

07:18:18 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 24 points, or 0.11 per cent, at 21,697.50, signaling that Dalal Street was headed for positive start on Saturday.

07:18:25 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Doji candle

Nifty on Friday ended 160 points higher to form a Doji candle on the daily chart as the index reclaimed its short-term moving averages but lacked decisiveness.

07:18:32 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Rupee rises 6 paise against US dollar

The rupee gained 6 paise to settle at 83.07 against the US dollar on Friday, tracking robust buying in domestic equity markets and weak American currency overseas.

07:18:38 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: S&P 500 notches first record high close in 2 years; chipmakers soar

The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.

07:18:54 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Oil drops slightly on China demand concerns but records weekly gain

Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41.

07:18:44 AM IST, 20 January 2024

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday

Indian equity indices closed higher on Friday after a three-day losing streak, led by IT, auto and energy stocks. The S&P BSE Sensex closed 0.7% higher at 71,683, while the NSE Nifty50 index closed above the 21,600 level.

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