Stock Market Live: AllCargo Gati Pares Gains After Rising Over 5%

The shares of AllCargo Gati pared gains to trade over 2% at Rs 77.35 per share on Wednesday. The stock rose over 5% after the company reported rise in December total volume.

Stock Market Live: Indian Overseas Bank Share Price Records Worst Fall Since June 4

Indian Overseas Bank’s share price recorded its worst fall since June 4 on Wednesday after the stock saw a one-day rise on Tuesday. Before Tuesday, the stock had fallen consecutively in four sessions, in which it lost 11%.

The stock saw a large deal on Tuesday, in which, 14.92 lakh shares changed hands in the company at Rs 50.86 per share.

Stock Market Live: Shoppers Stop Shares Rise Over 11%

Shoppers Stop Ltd. share price surged as much as 11% in early trade on Wednesday after third quarter net profit beats estimates.

The company’s revenue from operations increased by 11.5% on a yearly basis to Rs 1,379 crore. Net profit surged 42% to Rs 52 crore in comparison to Rs 37 crore reported in the same quarter last year.

Stock Market Live: Quadrant Future Tek Continues Upward Trend

The shares of Quadrant Future Tek continues is upward trend with the recently listed stock trading over 16% higher on Wednesday. The stock was trading 14.85% higher as of 9:46 a.m. at Rs 510.15 per share.

Stock Market Live: Nifty Oil & Gas Sees Advance, Nifty Pharma Declines

On NSE, 10 sectors out of the 12 advanced while two declined. The NSE Nifty oil and gas advanced the most, and the NSE Pharma declined the most.

Broader markets were mixed, with the BSE Midcap indices trading 0.26% lower and underperforming the benchmark index. On the other hand, BSE Smallcap indices was trading 0.18% higher outperforming the benchmarks.

On BSE, 13 sectors advanced, and eight declined out of 21. The BSE Oil and Gas rose the most, and the BSE Healthcare declined the most.

Market breadth was skewed in favour of buyers. Around 1,564 advanced, 1,479 stocks declined, and 129 remained unchanged on BSE.

Stock Market Live: RIL, HDFC Bank And Maruti Among Top Gainers

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

ICICI Bank Ltd., Axis Bank Ltd., Mahindra & Mahindra Ltd., Hindustan Unilever Ltd. and Bajaj Finserv Ltd. limited gains to the Nifty 50 index.

Stock Market Live: Nifty, Sensex Open Higher As HDFC Bank and Maruti Suzuki Lead

The NSE Nifty 50 and BSE Sensex continues its upward trend on Wednesday. The Nifty 50 opened 74.40 points or 0.32% up at 23,250.45, and the Sensex was 400.51 points or 0.52% higher at 76,900.14.

“We anticipate that the markets may have entered a new phase characterized by an increase in bearish data points, making it unlikely for a sudden shift to a bullish outlook in just a few days. While participating in these rallies is possible, navigating this challenging environment will require caution, as a potential pullback looms on the horizon,” said Ameya Ranadive, Chartered Market Technician, StoxBox.

Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open

At pre-open, the NSE Nifty 50 was trading 74.40 points or 0.32% higher at 23,250.45. The BSE Sensex was 392.18 points or 0.51% higher at 76,891.81.

Rupee Vs Dollar Today: Indian Currency Opens Stronger Against Dollar

Rupee strengthened by 15 paise to open at 86.49 against the US Dollar. It closed at 86.64 on Friday.

Source: Bloomberg

The dollar index is 0.06% higher at 109.25. Brent crude is up 0.05% to $79.96.

Nifty Today: Check Today’s Projected Range

Nifty is expected to consolidate with a slight negative bias between 22,900 and 23,600, according to IFA Global. Bank Nifty outperformed yesterday and can give sharp short covering. It is expected to trade between 48,300 and 44,400.

“India VIX cooled off yesterday by 3% as the markets consolidated,” the note said.

Rupee Vs Dollar: Check Today’s Trading Range

The Indian Rupee ended 60 weaker at 86.64, after the new RBI governor said that he is open to having a more flexible Rupee.

The currency is expected to open around 86.58 and trade a 86.50-86.75 range with weakening bias, according to India Forex And Asset Management Pvt.

Meanwhile, the 1-year forward yield came ended flat at 2.57%. On the other hand, the 3-month at-the-money-forward (ATMF) implied volatility rose by 14 basis points to 3.87%.

Stock Market News Live: Dixon Tech Gains Emkay Coverage

Dixon Technologies Ltd., an electronics components maker, has received a fresh bullish call from Emkay Global as it sees multiple mid-to-long-term growth drivers for the company that are yet to be factored into the share price.

Emkay has placed a ‘buy’ rating on the stock and a target of Rs 20,000, indicating a 23% upside over the previous close.

Read full story here.

Nifty Today: What F&O Cues Indicate

  • Nifty January futures up by 0.51% to 23,280 at a premium of 104 points.

  • Nifty January futures open interest down by 0.82%

  • Nifty Options Jan. 16 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 23,000

  • Securities in ban period: AARTI Industries, Angle One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank.

Dollar Check

The US Dollar index is up 0.09% at 109.28.

  • Euro was down 0.09% at 1.0299

  • Pound was down 0.16% at 1.2194

  • Yen was flat at 157.93

Stock Market News Live: Global Check

All three main US stock market indices ended mixed on Tuesday, with the Dow Jones Industrial Average closed 0.52% higher. The S&P 500 rose 0.11% and the Nasdaq Composite lost 0.23%. Brent crude was trading 0.01% lower at $79.91 a barrel as of 7:45 a.m. IST. Gold spot was trading 0.16% lower at $2,673.17 an ounce.

Stocks in the Asia-Pacific region advanced on Wednesday following a muted Wall Street session as traders awaited further cues from the upcoming key inflation data.

Australia’s S&P/ASX 200 opened higher with the benchmark index advancing by 0.30%, or 25 points, to 8,255 as of 6:26 a.m. Japan’s Nikkei was up 76 points, or 0.20% at 38,508.

Future contracts in Mainland China were to a negative start, while those in the US rose in early trade on Tuesday. Meanwhile, benchmark indices in China and India are seeing their worst start to a year since 2016.

Stock Market News Live: GIFT Nifty Below 23,300

The GIFT Nifty was trading below 23,300 early Wednesday. The futures contract based on the benchmark Nifty 50 was down 0.3% at 23,297 as of 7:24 a.m.

The Indian equities ended higher on Wednesday, snapping a four-day declining streak. The Nifty 50 ended 121.65 points or 0.53% higher at 23,207.60, and the Sensex ended 169.62 points or 0.22% higher at 76,499.63.

During the session, the Nifty 50 rose 0.78% to the day’s high of 23,264.95. The Sensex rose 0.66% to 76,835.61.

. Read more on Markets by NDTV Profit.Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.  Read MoreMarkets, Business, Notifications 

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