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Business News/ Markets / Live Blog/  Market highlights: Sensex sheds 200 pts, Nifty near 22,050 at close; IT, realty down
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Market highlights: Sensex sheds 200 pts, Nifty near 22,050 at close; IT, realty down

Sensex Today | Share Market Live Updates: At close the Sensex was down 199.17 points or 0.27% at 73,128.77, and the Nifty was down 65.15 points or 0.29% at 22.032.30.

Sensex Today | Share Market Live Updates: The Sensex and Nifty hit record highs on MondayPremium
Sensex Today | Share Market Live Updates: The Sensex and Nifty hit record highs on Monday

Sensex Today | Share Market Live Updates: Indian benchmark indices showed weakness in Tuesday deals, in line with their Asian peers. At close the Sensex was down 199.17 points or 0.27% at 73,128.77, and the Nifty was down 65.15 points or 0.29% at 22.032.30.

Bajaj Finance, HDFC Bank, JSW Steel, Tata Steel, Asian Paints and Tata Motors were among the gainers on the Sensex, while HCLTech, Wipro, Tech M, NTPC, TCS and Infosys were among the losers. The BSE Midcap and Smallcap indices shed 0.3% each.

All eyes will now be on HDFC Bank, which will announce its Q3 results later today.

Asian equities fell on Tuesday following declines in European stocks and bonds as European Central Bank officials tamped down rapid rate-cut expectations.

Australian and Japanese shares slipped, while contracts for US equities edged lower after a Monday holiday. Treasuries declined in their first trading session since Friday as Australian and New Zealand sovereign bonds also joined the selloff.

European stock markets slid at the start of trading as hopes of early interest rate cuts this year fade and tensions mount in the Middle East.

Oil edged higher as traders tracked geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants.

16 Jan 2024, 03:34:53 PM IST

Sensex Today Live: Sensex down 200 pts at close

At close the Sensex was down 199.17 points or 0.27% at 73,128.77, and the Nifty was down 65.15 points or 0.29% at 22.032.30.

16 Jan 2024, 03:27:46 PM IST

Sensex Today Live: Dollar hits one-month high as rate-cut bets fall

The dollar rose on Tuesday as investors tempered their expectations for a March rate cut from the Federal Reserve, while the pound and yen fell as inflationary pressures subsided.

The dollar rose 0.47%to 103.13, a one-month high, against a basket of currencies. It gained 0.2% overnight in subdued trading during a US public holiday on Monday.

16 Jan 2024, 03:23:36 PM IST

Sensex Today Live: GQG raises stake in ITC

GQG raised its stake in ITC to 2.79% % in the December quarter from 1.58% in the September quarter.

16 Jan 2024, 03:23:08 PM IST

Sensex Today Live: Anuj Choudhary, research analyst at Sharekhan by BNP Paribas, on the rupee

"The Indian rupee depreciated on a strong US dollar and weak domestic markets. A rise in crude oil prices also put downside pressure on the rupee. However, favourable macroeconomic data prevented a sharp fall. 

"India’s trade deficit narrowed to $19.8 billion in December 2023 compared to $20.58 billion in November 2023. The US dollar gained on ‘safe-haven’ demands after Houthis hit a US commercial vessel, denting global risk sentiment. The US Department of Transportation warned ships to avoid the South Red Sea area.

“We expect the rupee to trade with a slight negative bias on risk aversion in global markets amid escalating geopolitical tensions in the Middle East. Rising crude oil prices may also weigh on the rupee. However, any bounce back in domestic markets may support the rupee at lower levels. The USDINR spot price is expected to trade in the range of 82.60 to 83.40."

16 Jan 2024, 03:11:58 PM IST

Sensex Today Live: China weighs more stimulus with bond issue: Bloomberg report

China is considering issuing 1 trillion yuan ($139 billion) of new debt under a special sovereign bond plan – only the fourth such sale in the past 26 years – according to a Bloomberg report, as authorities seek more money to shore up the world’s second-largest economy.

16 Jan 2024, 03:05:24 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was down 186.47 points or 0.25% at 73,141.47, and the Nifty was down 62.20 points or 0.28% at 22,035.30.

16 Jan 2024, 03:02:12 PM IST

Sensex Today Live:  Jindal Saw net profit surges 70% in Q3

Jindal Saw reported a 70.3% surge in net profit to 452.30 crore in Q3 from 265.60 crore a year ago. Total income was up 3.1% to 4,785.70 crore from 4,640.90 crore a year ago. The stock is currently up around 1.8%.

16 Jan 2024, 02:46:10 PM IST

Sensex Today Live: European stock markets drop at open

European stock markets slid at the start of trading on Tuesday as hopes of early interest rate cuts this year fade and tensions mount in the Middle East.

London's benchmark FTSE 100 index shed 0.6% to 7,552.68 points.

In the eurozone, the Paris CAC 40 index retreated 0.8% to 7,354.66 points and Frankfurt's DAX lost 0.7% to 16,505.51.

16 Jan 2024, 02:38:49 PM IST

Sensex Today Live: MapmyIndia net profit rises 5% in Q3

MapmyIndia has reported a 5% increase in net profit at 31.10 crore in Q3, from 29.70 crore last year. Total income rose 36% to 92 crore from 67.70 crore last year.

16 Jan 2024, 02:36:40 PM IST

NBCC India wins orders worth ₹138.95 crore for construction projects in Jharkhand, Delhi

State-owned NBCC India Ltd has announced that it has bagged several work orders worth nearly 138.95 crore for construction projects in Jharkhand and Delhi.

16 Jan 2024, 02:23:27 PM IST

Sensex Today Live: Indian stocks' valuation premium approaches record against Chinese peers: report

Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders, Bloomberg reported.

The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg.

16 Jan 2024, 02:21:17 PM IST

Sensex Today Live: Jefferies on Jio Financial Services

-Reported Q3FY24 profit of 290 crore, down 56% qoq

-Management is focused on secured and unsecured consumer loans, and supply-chain finance

-Expanded its client base in insurance broking to 27

-Ramping up payments bank & payments platforms

-Taking a balanced approach to growth

-Limited risk seen for BAF & banks despite initial concerns about increased competition from the company. 

16 Jan 2024, 02:03:47 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was down 162.74 points or 0.22% at 73,165.20, and the Nifty was down 54 points or 0.24% at 22,043.50.

16 Jan 2024, 01:46:36 PM IST

Sensex Today Live: Maxposure IPO subscribed more than 100 times on day 2

Maxposure's IPO has been subscribed 106 times so far on the second day of bidding, with the retail category subscribed 184 times, the NII quota 105 times, and the QIB portion 3.65 times.

16 Jan 2024, 01:44:29 PM IST

Sensex Today Live: Nikkei snaps six-day winning streak

Japan's Nikkei index slipped on Tuesday, snapping a six-day winning streak that pushed the index to 34-year highs.

The Nikkei fell 0.79% at 35,619.18, with only 47 stocks rising against 178 decliners.

The broader Topix declined 0.82% to 2,503.98.

16 Jan 2024, 01:28:05 PM IST

Sensex Today Live: Himadri Speciality Chemical Q3 results

Consolidated revenue from operations came in at 1,053 crore from 1,037 crore last year, while consolidated net profit was 109 crore versus 65.19 crore last year.

 

16 Jan 2024, 01:15:36 PM IST

Sensex Today Live: Civil aviation ministry issues show-cause notice to IndiGo and Mumbai airport

The notice was sent after a video of passengers eating on the tarmac at Mumbai airport went viral.

16 Jan 2024, 01:05:55 PM IST

Sensex Today Live: Federal Bank Q3 Results

Net profit was up 25.3% yoy at 1,007 crore, and NII was up 8.5% yoy at 2,123.4 crore.

16 Jan 2024, 01:03:03 PM IST

Sensex Today Live: 1 pm market update

At 1 pm the Sensex was down 112.15 points or 0.15% at 73,215.79, and the Nifty was down 41.70 points or 0.19% at 22,055.80.

16 Jan 2024, 12:54:10 PM IST

Sensex Today Live: Paytm stock up 4% on UBS ‘buy’ call

Shares of Paytm rallied more than 4% to day's high of 746.40 after UBS initiated coverage on the stock. UBS has a "buy" recommendation on Paytm with a price target of 900, implying a potential upside of 26% from Monday's closing price.

16 Jan 2024, 12:41:47 PM IST

Sensex Today  Live: Suzlon stock sheds 2.5%

Suzlon shares are in the red for the second straight day, down 2.5%. The stock is up almost 135% in the past six months and a mammoth 327% over the past year.

16 Jan 2024, 12:39:51 PM IST

Sensex Today Live: Parth Shah, research analyst at StoxBox, previews Asian Paints results

“Though Asian Paints’ Q2FY24 performance was subdued on the back of erratic monsoons and a delayed festive season, we expect strong growth in Q3FY24 volumes due to deferment of sales and the festive and wedding season. 

“In the previous quarters, the company saw a dip due to weak rural demand impacting overall volumes. However, factors such as improvement on the rural side, an increase in government spending, and overall monsoon deficit decline will aid growth in Q3FY24. 

“The company’s safe painting services and trusted contractor services, which are a significant part of its business, saw exponential growth and doubled in size. The company has already added about 7,000 of its planned 8,000-10,000 touchpoints during the first half of the year and aims to expand its network further. 

“Additionally, the company is growing its ‘Whiteteak’ and ‘Weatherseal’ home décor business by expanding its store network and increasing traction across beautiful homes. These segments have shown positive growth over previous quarters and are expected to continue further. 

“Considering the festive and wedding season, expansion of the network, growth in rural demand, and post-monsoon pickup in the real estate projects, we believe that Asian Paints is likely to post a double-digit volume growth and maintain its bottom line story."

16 Jan 2024, 12:24:28 PM IST

Sensex Today Live: Dhruv Mudaraddi, research analyst at StoxBox, previews LTIMindtree results 

"We expect LTI Mindtree to post a moderation in revenue growth and register an increase of 0.5%-1% QoQ in Q3FY24. This subdued growth can be attributed to reduced number of working days and a higher-than-expected impact of furloughs, particularly in the BFSI and Hi-Tech verticals. However, the momentum in the manufacturing and energy verticals is expected to partially offset these challenges. 

"Additionally, we expect a slight decline in margin, attributable to third-quarter seasonality, lower growth in the higher-margin BFSI/Hi-Tech verticals, and furloughs. However, we anticipate these headwinds to be partially offset by operational efficiencies. 

“As LTI Mindtree navigates these challenges, we will be looking out for the impact of wage hikes and macro headwinds on margin and guidance for FY24, commentary on client budgets and latest developments in the merger."

 

16 Jan 2024, 12:07:53 PM IST

Sensex Today Live: Rail Vikas Nigam Ltd stock in focus

RVNL has emerged as the lowest bidder for a 251 crore project from Madhya Pradesh Vidyut Vitran Co, which is expected to be completed in 24 months.

16 Jan 2024, 12:05:22 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was up 21.64 points or 0.03% at 73,349.58, and the Nifty was up 8.50 points or 0.04% at 22,106.

16 Jan 2024, 11:59:44 AM IST

Sensex Today Live: Bank of Maharashtra Q3 results

Net profit is up 34% at 1,035 crore from 775 crore, and net interest income is up 24.5% at 2,465 crore from 1,980 crore.

16 Jan 2024, 11:57:35 AM IST

Sensex Today Live: Maruti Suzuki hikes prices of all models 

Maruti Suzuki has increased prices across models by 0.45%, effective today. 

16 Jan 2024, 11:54:18 AM IST

Sensex Today Live: Sarda Energy & Minerals stock in focus

The company has won a 150-crore contract to install a 50 MW DC solar power plant in Chhattisgarh to meet the captive requirements of production and mining facilities.

16 Jan 2024, 11:48:59 AM IST

Sensex Today Live: LIC stock crosses listing price of ₹867 for the first time

The stock is currently up 3.66% at 886.05.

16 Jan 2024, 11:19:00 AM IST

Sensex Today Live: L&T wins huge order

L&T Construction has been awarded an order worth 10,000-15,000 crore to build an electrification system for the Mumbai-Ahmedabad high-speed rail project.

16 Jan 2024, 11:11:14 AM IST

Sensex Today Live: Capri Global up 13% on plans to launch insurance platform

Shares of Capri Global Capital Ltd are up more than 13% after the company announced plans to develop an insurance platform aimed at optimising the corporate agency license granted by IRDAI. The company received the licence in December 2023 to distribute life, general and health insurance products.

16 Jan 2024, 11:04:01 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 76.66 points or 0.10% at 73,404.60, and the Nifty was up 17.30 points or 0.08% at 22,114.80.

16 Jan 2024, 10:46:26 AM IST

Sensex Today Live: PNC Infratech stock in focus

The company and its subsidiary PNC Infra Holdings have executed definitive agreements with Highways Infrastructure Trust (HIT) to divest 12 road assets in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan.

16 Jan 2024, 10:45:40 AM IST

Sensex Today Live: Dr. V K Vijayakumar, chief investment strategist, Geojit Financial Services

"Nifty is now up three times from the Covid low of 7,511 in March 2020. This is an indication of a strong bull market and it has a long way to go. But the rally from now on will not be smooth and sharp corrections are likely since valuations are high.

"What are the likely triggers for a correction? More often than not, unexpected events cause corrections. Geopolitical developments have the potential to trigger corrections. But recent geopolitical events like the Israel-Gaza war didn’t impact crude prices or markets.

"Similarly the skirmishes going on in the Red Sea also may pass without hurting the markets. But there can be a near-term concern that the conflict may widen. So watch out for the events in the Red Sea.

Large caps in banking and IT and RIL are likely to remain resilient even in a downturn. As a measure of abundant caution investors may consider booking some profits and moving the money to fixed income, where the returns are attractive."

16 Jan 2024, 10:23:00 AM IST

Sensex Today Live: Rupee falls against dollar in early trade

The rupee fell 11 paise to 82.97 against the US dollar in early trade.

16 Jan 2024, 10:21:40 AM IST

Sensex Today Live: Jyoti CNC lists at 12% premium to IPO price

Shares of CNC (computer numerical control) machines manufacturer Jyoti CNC Automation listed at at 372, a premium of 12.4% on the issue price of 331, on the BSE and at 370, a premium of 11.78% on the NSE.

16 Jan 2024, 10:04:03 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was down 53.37 points or 0.07% at 73,274.57, and the Nifty was down 18.80 points or 0.09% at 22,078.70.

16 Jan 2024, 10:03:11 AM IST

Sensex Today Live: Paytm stock up 1.4% after UBS projects 26% upside

Brokerage firm UBS has initiated coverage on One 97 Communications Ltd., parent company of Paytm. UBS has a “buy" recommendation on Paytm with a price target of 900, implying a potential upside of 26% from Monday’s closing.

UBS believes that continued monetisation and a break-even in the company’s Ebitda will drive the stock’s re-rating.

16 Jan 2024, 09:40:52 AM IST

Sensex Today Live: Angel One stock down more than 8%

The retail stock-broking firm recorded a net profit of 260.3 crore in the December quarter, up 14.2% from the previous year. Revenue from operations rose 41.5% year-on-year to 1,059 crore. The stock is currently down 8.3%.

16 Jan 2024, 09:38:04 AM IST

Sensex Today Live: Media, PSU Bank, Auto gain, IT, Pharma drag

Source: NSE
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Source: NSE
16 Jan 2024, 09:30:53 AM IST

Jio Financial Services stock sheds 5% on Q3 results

On Monday the company reported a consolidated net profit of 293.8 crore for the December quarter, down 56% from the previous quarter. Total income fell 31.9% to 414.33 crore.

16 Jan 2024, 09:24:21 AM IST

Sensex Today Live: NALCO & Hindustan Copper stocks in focus

Khanij Bidesh India Ltd (KABIL), a joint venture between NALCO, Hindustan Copper, and Mineral Exploration Co. Ltd, has signed an agreement with Argentina's CAMYEN SE to explore and mine lithium. This is the first lithium exploration and mining project by an Indian PSU. KABIL will start exploring and developing five lithium brine blocks covering 15,703 hectares in Argentina’s Catamarca province at a cost of 200 crore.

16 Jan 2024, 09:17:30 AM IST

Sensex Today Live: Indices open in the red

At open, the Sensex was down 141.17 points or 0.19% at 73,186.77, and the Nifty was down 40.20 points or 0.18% at 22,057.30.

16 Jan 2024, 09:09:46 AM IST

Sensex Today Live: PNC Infratech stock in focus

The company and its subsidiary PNC Infra Holdings have executed definitive agreements with Highways Infrastructure Trust (HIT) to divest 12 road assets in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan.

16 Jan 2024, 08:22:20 AM IST

Sensex Today Live: Dollar advances as traders weigh rate-cut expectations

The dollar was firm on Tuesday as investors assessed the chances of early and steep interest rate cuts from the Federal Reserve, ahead of a data-packed week that could influence major central banks' thinking on monetary policy.

The yen weakened slightly to 145.89 per dollar after data showed Japan's wholesale inflation was flat in December from a year ago, slowing for the 12th straight month.

16 Jan 2024, 08:20:20 AM IST

Sensex Today Live: BLS International stock in focus

Its wholly owned subsidiary BLS International FZE, UAE, has signed a definitive agreement to acquire a 100% stake in iDATA, a Turkish visa and consular service provider. The acquisition has an enterprise value of €50 million or nearly 400 crore, and the deal is likely to be completed this financial year.

16 Jan 2024, 07:49:18 AM IST

Sensex Today Live: Jio Financial Services stock in focus

The company recorded a consolidated profit of 293.82 crore for the December quarter, against 668.2 crore in the previous quarter. Revenue from operations came in at 413.6 crore against 608 crore during the previous one as the company had no dividend income in the quarter, against 216.85 crore in the previous one.

16 Jan 2024, 07:48:39 AM IST

Sensex Today Live: Rahul Kalantri, VP, commodities, Mehta Equities

“The Indian rupee is showing continuous strength and remains below 83 amid an increase in the foreign exchange reserves and upbeat growth prospects for the year 2024-25. However, steady dollar index and rebound in crude oil prices limiting gains of the rupee. We expect a rupee to remain volatile in today’s session amid volatility in the dollar index and a pair could trade in the range of 82.65- 83.40."

16 Jan 2024, 07:37:12 AM IST

Sensex Today Live: GIFT Nifty indicates gap-down start

The GIFT Nifty was trading a discount of 45 points from Nifty Futures' Monday close, indicating a gap-down start for the Indian market.

16 Jan 2024, 07:37:12 AM IST

Sensex Today Live: Oil edges higher as Red Sea tensions elevate crude market risks

Oil edged higher as traders tracked geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants.

West Texas Intermediate traded just below $73 a barrel, 0.2% higher than last week’s close, with futures not settling on Monday due to a US holiday. Brent crude was above $78. Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings from militaries and trade groups that the vital route remains too risky for navigation.

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