Go Digit General Share Price Update: Large Trade In Stock

Over 6.9 million shares of Go Digit General were traded via a block deal on Friday. The share of GMR Airports rose as much as 1.54% to Rs 296.35 apiece.

Stock Market Live: Macrotech Developers Shares Rise over 5%

The shares of Macrotech Developers rose over 5% on Friday after Kotak Institutional upgraded its rating to buy from add, with a target price of Rs 1,340 per share. This indicates a 18.8% upside. The upgrade was on the back of strong and consistent performance across parameters.

Stock Market Updates: Tata Chemicals Rises Over 3%

Tata Chemical shares rise over 3% on Friday after the China soda ash prices rise over 4% and touch highest level in two months.

Stock Market Updates: Hatsun Agro Falls After Decline In Q3 Profit

The shares of Hatsun Agro fell on Friday after its net profit dipped 28.7% to Rs 40.9 crore.

Stock Market Live: Concord Enviro Systems Trade Higher Ahead Of Results

The shares of Concord Enviro Systems trade over 5% higher ahead of results.

Stock Market Live: Bajaj Healthcare Shares Rise Over 12%

Bajaj Healthcare shares rise over 12% on Friday after the company got exclusive rights for finished formulation of Magtein in India from Threotech.

Stock Market Live: Axis Bank Shares Fall Over 3%

The shares of Axis Bank fell over 3% on Friday after analysts and brokerages cut its earnings estimates because of bleak near-term growth outlook after a rise in slippage and rising credit cost weighed on the private lender’s third quarter performance.

Stock Market Live: Infosys Shares Trade Over 5% Lower

Infosys Ltd. share price fell 5% even as the company raised its revenue guidance for a third consecutive time following an in-line third-quarter profit growth. Analysts also shared bullish calls on the stock.

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Stock Market Live: Nifty IT and Nifty Finance Drag

On NSE, out of 12, two sectors advanced, two sectors were flat and eight declined. The NSE IT was the worst performing sector during open, while the NSE Oil & Gas was the best performing sector.

Stock Market Live: Reliance Industries, L&T Gain; Infosys, TCS Amongst Losers

Reliance Industries Ltd., Larsen & Toubro Ltd., Sun Pharmaceuticals Ltd. and ITC Ltd added on the Nifty 50 index.

Infosys Ltd., Tata Consultancy Services Ltd., Axis Bank Ltd., and ICICI Bank Ltd. weighed to the Nifty 50 index.

Stock Market Live: Reliance Industries Trade Over 2% Higher

Reliance Industries shares were trading over 2% higher and hit a one month high on Friday after it announced its results.

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Stock Market Live: Nifty, Sensex Open Lower

The NSE Nifty 50 and BSE Sensex snap three day winning streak to open lower on Friday ahead of Tech Mahindra and Wipro third quarter results. The Nifty 50 was trading 133.13 points or 0.59% down at 23,172.10, and the Sensex was 460.15 points or 0.60% lower at 76,589.69.

“After a negative opening, Nifty can find support at 23,200 followed by 23,000 and 22,800. On the higher side, 23,350 can be an immediate resistance, followed by 23,450 and 23,550,” said Hardik Matalia, derivative analyst at Choice Broking.

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

At pre-open, the NSE Nifty 50 was trading 34.70 points or 0.12% lower at 23,277.10. The BSE Sensex was 92.67 points or 0.12% higher at 77,135.49.

Rupee Vs Dollar Today: Indian Currency Opens Flat Against Dollar

Rupee opened flat at 86.56 against the US Dollar. It closed at 86.55 on Wednesday.

Source: Bloomberg

The dollar index is 0.03% higher at 108.97. Brent crude is up 0.36% to $81.58.

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Infosys Q3 Results Review: What Brokerages Say

IT bellwether Infosys Ltd. bagged multiple target hikes from analysts after raising their revenue guidance for a third consecutive time following an in-line third-quarter profit growth.

Nuvama retained its ‘buy’ rating and upgraded its target to Rs 2,350 per share from Rs 2,250 apiece earlier. This implies an upside potential of 21.8% from its Thursday’s close.

Nomura Global Markets Research retained ‘buy’ and raised its target to Rs 2,220 per share against Rs 2,190 apiece earlier. However, slower-than-expected growth and weaker-than-expected margins could be key downsides to watch.

Investec maintained its ‘sell’ while hiking the Infosys target to Rs 1,773 per share from Rs 1,700 apiece earlier, citing improved revenue growth guidance. Operationally the tech giant reported strong headline revenue, but internals appear weak, it said.

Meanwhile, Citi Research expects a “gradual and uneven” recovery. Citi maintained its ‘sell’ call and cut the target price to Rs 2,000 apiece from 2,035 per share earlier. Forward-looking indicators are weak for almost every company in the sector, it said, maintaining their “cautious” view on Indian IT services.

Nifty Today: What F&O Cues Indicate

  • Nifty January futures up by 0.61% to 23,406.9 at a premium of 95 points.

  • Nifty January futures open interest down by 0.26%

  • Nifty Options Jan. 23 Expiry: Maximum call open interest at 23,300 and maximum put open interest at 23,300

  • Securities in ban period: AARTI Industries, Aditya Birla Fashion and retail, Angle One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manapurram Finance

Dollar Check

The US Dollar index is up 0.03% at 108.97.

  • Euro was up 0.01% at 1.0303

  • Pound was up 0.02% at 0.8174

  • Yen was up 0.07% at 155.42

Stock Market News Live: Global Check

US markets saw a downward trend on Thursday, with the S&P 500 slipping 0.21% to close at 5,937.34. The Dow Jones declined 0.16% to 43,153.13 and the Nasdaq Composite dropped 0.89% to 19,338.29.

S&P 500 futures edged lower by 0.03% and Dow Jones futures was flat. Meanwhile, Nasdaq futures eased by 0.08%.

In Asia-Pacific, stocks were mixed. Japan’s Nikkei 225 was down 0.9%, while Australia’s S&P/ASX 200 was 0.2% higher. South Korea’s Kospi slipped 0.22%.

Stock Market News Live: GIFT Nifty Trades Above 23,300

The GIFT Nifty was trading above 23,300 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.03% at 23,319 as of 7:31 a.m. indicating a start in the red for the Indian markets.

The NSE Nifty 50 and BSE Sensex extended gains for the third straight session on Thursday. The NSE Nifty 50 ended 98.60 points or 0.42% higher at 23,311.80, and the Sensex ended 318.74 points or 0.42% higher to 77,042.82.

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