Market Closing: Sensex, Nifty end a tad higher in volatile trade; auto cos shine; Reliance top gainer

Sensex Today Live: Indians placed 6.5 million food-delivery orders online on New Year’s Eve

Indians placed a record 6.5 million food-delivery orders online on New Year's Eve 2023, 18% more than last year, according to data released on Thursday by Redseer Strategy Consultants.

Zomato said orders on its app on New Year's Eve 2023 touched an all-time high. “The company has fulfilled nearly as many orders on New Year's Eve 2023 alone as the combined total of orders from New Year's Eves 2015 through 2020," the company said on 1 January. An estimated 3.2 lakh delivery partners were deployed across its food-delivery and quick-commerce platforms, the company said.

Sensex Today Live: Global markets rally ahead of the release of US inflation data, Nikkei surges 2%

Asian shares rose on Thursday tailing Wall Street’s climb to a near-record high. Tokyo’s benchmark hovered near its highest level since 1990. Hong Kong’s Hang Seng added 1.3%, while the Shanghai Composite gained 0.3%. Australia shares gained 0.5% and South Korea's was flat.

European stock markets gained following Asia and Wall Street, as investors awaited the release of US inflation data. London's benchmark FTSE 100 index and Paris CAC 40 climbed 0.5% each and Frankfurt's DAX won 0.6%.

Sensex Today Live: India-Japan Fund to invest ₹400 cr in M&M subsidiary Mahindra Last Mile Mobility

India-Japan Fund will invest ₹400 crore in Mahindra Last Mile Mobility Limited, a subsidiary of Mahindra & Mahindra, at a valuation of up to ₹6,600 crore

The deal, which marks the fund’s first investment since it was set up in August 2023, will see IJF holding 6-8% stake in Mahindra Last Mile Mobility

Sensex Today Live: GST authorities drop plans to enforce stricter e-way bill norms

GST authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce 'e-invoices' for their wholesale transactions through designated portals. These portals aid in more accurate data capturing across various tax forms using a standardized invoice. (Full report)

Sensex Today Live: Vedanta’s Cairn Oil & Gas submits FDP to commence gas production from Jaya, Gujarat; shares up 3%

Sensex Today Live: Nifty Auto jumps 1.3%; financials and PSU banks shine; Nifty IT, pharma and realty lag among sectors

Sensex Today Live: 4 interesting things RBI Governor Shaktikanta Das said on UPI at Mint BFSI Summit

> I would not look at UPI as a monopoly.

> The success of UPI in a large measure also owes a lot to the private sector payment players.

> Private sector companies have had a major role in making India a world leader in the UPI Payment system.

>  UPI is perhaps the best in the world and should become a world leader.

Sensex Today Live: Oil ticks higher amid Red Sea crisis and weak dollar

Oil prices rose on Thursday as tensions in the Middle East persisted withe the Red Sea crisis, and the US dollar weakened ahead of inflation data. Global benchmark Brent moveed toward $78 a barrel, while West Texas Intermediate advanced toward $72 a barrel.

Sensex Today Live: Gold Outlook for 2024: Colin Shah, MD, Kama Jewelry

Gold prices have been on an upward trajectory in 2023 and this momentum is expected to continue in 2024. Internationally, the volatility of the yellow metal prices will continue and will be triggered by various factors including the on-going geo-political scenario, strengthening of USD against INR and a pessimistic approach towards the growth of global economy.

Domestic demand for the yellow metal is expected to outgrow and may touch the 70k mark on a domestic level. This rally will be driven by robust demand in the domestic market owing to the rising income levels and the inclination towards yellow metal. On the global level, we expect prices to hover in the range of $1850-2050. Irrespective of the price movement, consumer demand will continue to grow during the year backed by strengthened purchasing power, and the change in perspective towards gold as lifestyle statement, thus driving sales across along all ticket-sizes.”

Sensex Today Live: Mint BFSI Summit: Jan Dhan, Aadhaar, mobile biggest industry game-changers, says IRDAI’s Panda

Sensex Today Live: RBZ Jewellers hits 20% upper circuit for second consecutive day

Sensex Today Live: Infosys down 1% ahead of December quarter earnings

The second largest IT services company is set to announce its earnings for the quarter ended December on Thursday. The company is expected to report a net profit of ₹6,172 crore down 0.64% from ₹6,212 crore in the September quarter.

Sensex Today Live: Noon Update: Sensex at 71,784.19, up 126.48 points, slightly off day’s high; IndusInd bank, Reliance top gainers; Infy, Nestle lag

Sensex Today Live: I don’t think world, especially EMs, can afford a ’cryptomania’, says RBI Governor Shaktikanta Das at Mint’s BFSI Summit

Sensex Today Live: Nischal Shetty, co-Founder, Shardeum on US SEC approving Bitcoin ETFs

“The introduction of a Bitcoin ETF marks a significant milestone, bridging the traditional financial markets with the innovative realm of digital assets. This landmark development not only validates the growing importance of crypto but also opens new avenues for institutional investors to participate in the transformative potential of blockchain technology. We have seen that approx 5% to 10% of Gold ownership is through ETFs. With the Bitcoin ETFs, people are expecting a good % of Bitcoin ownership to be routed through the ETFs.

If Bitcoin ETFs reach similar figures as gold, then at the current market cap that’s potentially $50B to $80B in new liquidity. Embracing this evolution, we are witnessing the convergence of two worlds, where the decentralized ethos of crypto meets the regulatory framework of traditional finance, paving the way for a more inclusive and resilient financial ecosystem.”

Sensex Today Live: Vedanta gains 1%; Nuvama upgrades stock to buy, raises target

The brokerage upgraded the Vedanta stock to a "buy" rating and raised the target price to ₹362 from ₹265.

Sensex Today Live: Axiscades Technologies up 7% as board of directors to consider raising ₹500 crore on 15 January

 The company's board of directors will meet on 15 January to consider and approve the determination of the issue price for shares to qualified institutional buyers for raising up to ₹500 crore. The floor price for the Issue has been set at ₹696.70 which is at a 9.9% discount to the market price.

Sensex Today Live: TCS, Infosys, HDFC AMC among others to announce December quarter earnings today

Apart from IT majors TCS and Infosys, 5paisa Capital Ltd, Agi Infra Ltd, Fundviser Capital (India), GTPL Hathway, Gujarat Hotels Ltd, HDFC Asset Management Company Ltd, Kenvi Jewels are some of the companies that will declare their December quarter earnings today

Sensex Today Live: Bank of India rallies 2.5% post December quarter update

The lender's total business rose 9.9% globally to ₹12.76 lakh crore, compared to ₹11.61 lakh crore in the same period last year. Total deposits increased 8.66% to ₹7.10 lakh crore. In the domestic market, total deposits increased by 7.62%, to ₹5.99 lakh crore.

Sensex Today Live: Nifty Auto index up 1%; Hero Moto jumps 3.4% to top charts

Sensex Today Live: Senco Gold share jumps over 15%, hits new record high on strong Q3 update

The company marked its highest-ever Q3 revenue, experiencing a consistent trend across various geographies and channels. In Q3 FY24, the company achieved a revenue growth of 24% compared to the same period in the previous financial year and 26% YoY growth in the first nine months of FY24.

Sensex Today Live: Shivam Thakral, CEO of BuyUcoin on US SEC approving Bitcoin ETFs

"After a decade-long wait, the US SEC finally gave the green signal to 11 Bitcoin ETF applications which include Blackrock, Fidelity, and Invesco among others. The race for Bitcoin ETF applications which picked up pace in October 2023, pushed the Bitcoin price to $47,000 in the first few days of 2024. Bitcoin is currently trading at a $46,500 level and is expected to touch the $100,000 mark as predicted by banking giant Standard Chartered.

The ETFs will begin trading on Thursday and will offer a great opportunity for retail investors to leverage the growth of Bitcoin without holding or storing it. A regulated Bitcoin financial product approved by a major global financial regulatory like the SEC will add a lot of credibility to digital assets which will create trust among institutional investors and encourage more traditional financial institutions to enter the space."

Sensex Today Live: Kalyani Steels jumps 9%; co has emerged as a successful bidder to acquire assets of Kamineni Steel and Power India, under liquidation

The company said it has emerged as a successful bidder to acquire assets of Kamineni Steel and Power India, under liquidation. A cash consideration of ₹450 crore is to be paid for the acquisition of assets on or before 7 April. The company has already paid ₹23 crore as an earnest money deposit for participation in an e-auction conducted on 5 January, for the sale of the assets.

Sensex Today Live: Broad market indices in the green in line with the benchmarks; midcaps and smallcaps gain around 0.5% each

Sensex Today Live: Polycab India slumps 10%, hits lower circuit as IT dept reportedly raided the group recently

The Income Tax department has detected "unaccounted cash sales" of about ₹1,000 crore after it recently raided Polycab group, PTI reported. Unaccounted cash of more than ₹4 crore was seized and more than 25 bank lockers were put on restraint after the searches were launched against the group on 22 December.

Sensex Today Live: Nifty gained 0.4% to trade above 21,700; Hero MotoCorp, Eicher Motors, Axis Bank were the chart toppers while Dr Reddy’s and HCL Tech were in the red

Nifty gained 0.4% to trade above 21,700; Hero MotoCorp, Eicher Motors, Axis Bank were the chart toppers while Dr Reddy's and HCL Tech were in the red

Sensex Today Live: Sensex gained 250 points to 71,902 at open; Axis Bank, Bajaj Finserv and M&M were the top gainers while HCL Tech and Infy lag

Sensex gained 250 points to 71,902 at open tracking global markets; Axis Bank, Bajaj Finserv and M&M were the top gainers while HCL Tech and Infy lagged

Sensex Today Live: Sensex gains 250 pts at open; Nifty above 21,700 tracking global cues; IT stocks in focus

Sensex Today Live: The Indian rupee opened flat at 83.04 per US dollar against Wednesday’s close of 83.03

Sensex Today Live: Sensex, Nifty higher in pre-open as Asian markets gain; IT stocks in focus

Sensex gained around 250 points at 71,901.90 at pre-open; TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels are in focus

Sensex Today Live: The five big budget themes before Nirmala Sitharaman

Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth.

Accordingly, allocations for existing schemes for these sections of the society are likely to see an enhancement while new schemes may be announced, two persons privy to discussions in the government said.(read more)

Sensex Today Live: Stocks to Watch: TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels

TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels are some of the stocks to watch today Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers, Escorts, Hindustan Copper, Indian Energy Exchange, India Cements, Indus Towers, Nalco, Piramal Enterprises, PVR INOX, SAIL, and ZEEL are part of the F&O ban for Thursday.

Sensex Today Live: Bitcoin price rises above $47,000 after US SEC approves ETFs

Bitcoin prices scaled above $47,000 for a brief period, witnessing a muted response to US Securities and Exchange Commission’s approval of exchange-traded funds (ETF) that invest directly in the token.

The world’s largest cryptocurrency Bitcoin traded 1.8% higher at $46,728 following the decision. Other cryptocurrencies also gained, with Ether, the second largest token, gaining 17% to $2,590.

Sensex Today Live: Gold prices edge higher amid a softer dollar

Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the US Federal Reserve's interest rate trajectory. Spot gold was up 0.2% at $2,028.19 per ounce. US gold futures rose 0.3% to $2,032.80. 

Sensex Today Live: Crude oil prices climb amid rise in tensions in Middle East

Oil prices were higher in Asian trading amid rising tensions in the Middle East against a surprise build in US crude stockpiles that pushed oil benchmarks down about 80 cents in the previous session.

U.S. West Texas Intermediate crude futures gained 20 cents, or 0.28%, to reach $71.57 a barrel. Benchmark Brent crude oil futures rose 21 cents, or 0.27%, to $77.01 a barrel.

Sensex Today Live: US regulator approves bitcoin ETFs in watershed for crypto market

The US securities regulator on Wednesday approved the first listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry.

The Securities and Exchange Commission approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday, kicking off a fierce competition for market share. (Reuters)

Sensex Today Live : Asian stocks rally tracking US shares ahead of key US inflation data

Asian stock markets saw an uptick, following the trend in US stocks as investors awaited inflation data set to be released on Thursday. Bitcoin surged following the U.S. regulators' approval of exchange-traded funds linked to the cryptocurrency.

Stock markets in Australia and Japan saw positive movements, with Tokyo's indexes moving towards matching the three-decade highs recorded in the previous session. 

US stock indices edged higher on Wednesday ahead of the inflation data that could provide clues on whether the Federal Reserve will begin cutting interest rates this year.