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02:46:39 PM IST, 16 January 2024
C.E. Info Systems (MapMyIndia) Q3 Results
- Q3FY24 Total Income was Rs 103.6 Cr
- Revenue grew 36% YoY to Rs 92 Cr, an all-time high, with 9MFY24 Revenue now at Rs 272.5 Cr
- Q3FY24 EBITDA grew 38% YoY and in 9MFY24 grew 32% YoY to Rs 116.6 Cr; 9MFY24 EBITDA margin at 43%
- 9MFY24 PAT grew 21% YoY to Rs 96.2 Cr, with PAT margin at 32%
02:23:17 PM IST, 16 January 2024
Brokerage Radar | Citi on financials notes preference is now for private banks.
02:21:34 PM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: ICRA unit approves proposal to invest upto Rs 5.5 crore in preference shares of D2k Technologies India
02:07:29 PM IST, 16 January 2024
European stock markets drop at open
London’s benchmark FTSE 100 index shed 0.6 percent to 7,552.68 points.
In the eurozone, the Paris CAC 40 index retreated 0.8 percent to 7,354.66 points and Frankfurt’s DAX lost 0.7 percent to 16,505.51.
02:00:04 PM IST, 16 January 2024
Stock Market Live Updates: Capital Small Finance Bank, Krystal Integrated Services get Sebi’s nod to float IPOs
Three entities — Capital Small Finance Bank, Krystal Integrated Services and Vibhor Steel Tubes — have received Sebi’s go-ahead to raise funds through Initial Public Offerings (IPOs). All three firms, which filed their preliminary IPO papers with the capital markets regulator in October 2023, obtained their observation letters during January 8-12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
01:39:02 PM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: Logistics player Tiger Logistics on Tuesday announced securing a work order from BHEL to provide custom clearance, forwarding, transportation, and warehousing services to the state-owned entity. The company has also secured an order to supply goods by air to BHEL, Tiger Logistics said in a statement.
01:30:39 PM IST, 16 January 2024
Newgen Software Tech Q3 Results | PAT rises 43% QoQ, revenue rises 10.4%; stock surges 16%
01:27:27 PM IST, 16 January 2024
Stock Market Live Updates | Maxposure IPO subscription crosses 100 times on Day 2; GMP at 160% over issue price
The overall subscription stood at 106 times so far with retail category leading at 184 times, followed by NIIs at 105 times. The QIB portion of the issue was booked 3.65 times.
01:21:47 PM IST, 16 January 2024
Stock Market Live Updates | Japan’s Nikkei snaps six-day winning streak
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.
01:10:33 PM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: Here’s how Federal Bank, Bank of Maharashtra and Himadri Speciality Chemical are trading post-Q3 show
12:55:42 PM IST, 16 January 2024
Stock Market Live Updates | Himadri Speciality Chemical Q3 Results: Consol net profit rises
- Consol net profit at Rs 109 crore versus Rs 65.19 crore YoY
- Consol revenue from operations at Rs 1053 crore versus Rs 1037 crore YoY
12:45:35 PM IST, 16 January 2024
Federal Bank Q3 Results: PAT at Rs 1006 crore vs Gross NPA 2.29% vs 2.26% QoQ
Net NPA flat at 0.64% QoQ
12:38:21 PM IST, 16 January 2024
Stock Market Live Updates: Shares of Paytm today rallied over 4% to day’s high at Rs 746.40 after global broking firm UBS initiated coverage on the new-age stock saying that EBITDA break-even will drive re-rating and the stock can rally up to Rs 900.
12:22:04 PM IST, 16 January 2024
Crypto Price Today: Bitcoin holds near $42,800; Tron, Chainlink fall up to 2%
Federal Reserve Board Governor Waller’s speech, due later on Tuesday, will be in focus. His comments in late November had investors more convinced that the Fed will pivot toward rate cuts.
Investors have priced in a near 80% chance of Fed rate cut in March and expect the central bank to cut the rate in nearly each of the successive meetings this year.
12:07:41 PM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: M&M Financial Services approves allotment of subordinated debentures worth Rs. 300 Crores on a private placement basis.
12:01:04 PM IST, 16 January 2024
Bank Of Maharashtra Q3 Results: PAT at Rs 1036 crore vs Rs 1580 crore, up 33.6% YoY
Revenue rises 24.6%
11:50:50 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: Vishnu Prakash R Punglia receives a Letter of Award worth Rs 116.56 crore from NW Railway,Jodhpur, Rajasthan.
11:40:08 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: NBCC receives orders worth Rs. 138.95 crore from NavodayaVidyalaya Samit, and Insolvency and Bankruptcy Board of India.
11:34:01 AM IST, 16 January 2024
LTI Mindtree Q3FY24 earnings preview by Dhruv Mudaraddi, Research Analyst, StoxBox
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.
11:19:37 AM IST, 16 January 2024
Stock Market Live Updates | Maruti Suzuki announces price increase of 0.45% across all models
11:20:21 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: L&T Construction’s railway business group awarded mega order worth Rs 10,000-15,000 crore to build electrification system works for the Mumbai Ahmedabad high speed rail project.
11:12:47 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: PNC Infratech shares jumped 9% to Rs 4218 on BSE after the firm reported that it sold an equity stake in 12 road assets to Highways Infrastructure Trust (HIT), an infrastructure investment trust (InvIT) backed by private equity firm KKR.
11:00:07 AM IST, 16 January 2024
Wardwizard Innovations & Mobility Q3 Results: Co announces 81% YoY surge in EBITDA.
10:56:11 AM IST, 16 January 2024
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10:56:00 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: Capri Global Capital Limited plans to develop an insurance platform to maximize the Corporate Agency License from IRDAI; stock soars 15%
10:38:36 AM IST, 16 January 2024
Sensex Live Updates | Sensex erases early losses, trades in green
10:20:08 AM IST, 16 January 2024
Suraj Estate Developers December qtr Results: 35.1% QoQ growth in EBITDA and 16.5% QoQ growth in PAT
10:17:04 AM IST, 16 January 2024
Sensex Today | Stock Market View: Shivani Nyati, Head of Wealth, Swastika Investmart on Jyoti CNC listing
While Jyoti CNC’s strong brand presence and robust market share are undeniable, the financial concerns and hefty valuation necessitate a cautious approach.
Jyoti CNC’s listing debut was positive but overshadowed by concerns. Thus we recommend investors book profit and exit their position; however, those who still want to hold it should keep a stop loss at around issue price.
10:12:44 AM IST, 16 January 2024
Stock Market Live Updates: Epack Durable IPO price band set at Rs 218-230/share
Epack Durable has set the share price band for its upcoming initial public offering (IPO) at Rs 218-230 per share. The issue will open for subscription on January 19 and will be available for the public to bid till January 23.
10:12:09 AM IST, 16 January 2024
Stock Market Live Updates: Shares of Aster DM jumped over 12% and hit a 52-week high of Rs 449.70 on the NSE on Tuesday reacting to the company’s announcement of dividend to shareholders from the proceeds after the sale of majority stake in GCC (Gulf Cooperation Council) business.
10:02:00 AM IST, 16 January 2024
Shriram Finance to issue dollar denominated bonds: Bankers
- India’s Shriram Finance plans to raise funds through U.S. dollar denominated bonds maturing in over three years, two merchant bankers said on Tuesday.
- Fitch Ratings has given an expected rating of ‘BB(EXP)’ to the proposed dollar-denominated senior secured bonds.
- Barclays, Deutsche Bank, HSBC, JP Morgan, Standard Chartered, BNP Paribas, Citigroup, DBS Bank and MUFG are among the lead managers for the issuance.
09:53:06 AM IST, 16 January 2024
Stock Market Live Updates: IN FOCUS | Shares of Federal Bank, HDFC Bank, ICICI Lombard and LTTS will be in focus today as the companies will announce their quarterly results.
09:51:00 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: UBS initiated coverage on Paytm with a target price of Rs 900. Continued monetisation and EBITDA break-even are likely to drive re-rating. Paytm is a payment leader with strength across merchants and customers. EBITDA margin to gradually reach 20% and the valuation trades at a discount to global and Indian peers; stock rises 2%
09:46:27 AM IST, 16 January 2024
Rupee falls 11 paise to 82.97 against US dollar in early trade
09:35:44 AM IST, 16 January 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
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.
09:31:00 AM IST, 16 January 2024
Stock Market Live Updates | Brokerage Radar: JP Morgan raises target price for RIL
09:28:33 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates | Earnings Impact: Jio Financial Services on Monday reported a 56% sequential fall in consolidated net profit for the quarter ended December 2023 to Rs 294 crore. Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 413.61 crore.
09:28:00 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates | Earnings Impact: Angel One on Monday reported a healthy set of numbers for the quarter ended December 2023, with the consolidated net profit rising 14.2% year-on-year (YoY) to Rs 260 crore. Revenue from operations rose 41.5% YoY to Rs 1,059 crore.
09:19:38 AM IST, 16 January 2024
Sensex Today | Stock Market Live Updates: Top movers in opening trade
09:19:09 AM IST, 16 January 2024
Opening Bell: Sensex drops 130 points, Nifty below 22,100; IRFC surges 12%, Wipro sheds 2%
09:10:03 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex up 5 points; Nifty above 22,080
09:05:10 AM IST, 16 January 2024
Stock Market LIVE Updates: Nova AgriTech announces IPO price band for upcoming Rs 144-crore offer
Nova AgriTech has set the price band for its upcoming initial public offer (IPO) at Rs 39-41 per share. The issue will open for subscription on January 22 and close on January 24.The floor price of the issue is 19.50 times the face value of the equity share while the cap price is 20.50 times the face value.
08:43:15 AM IST, 16 January 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
Wall Street remained closed for Martin Luther King Jr. Day, and Gift Nifty suggests a cautious start. Despite this, 2024 is shaping up to be a positive year for Dalal Street, with expectations of Nifty reaching a fresh record high supported by favorable economic and geopolitical factors. Bank Nifty is also anticipated to join the upward trend, targeting its all-time high at 48636. Positive catalysts include FIIs being net buyers, optimism about renewed Fed rate cuts, easing fears of stubborn US inflation, and a growing likelihood of a 25-basis-points interest rate cut in March. From a technical standpoint, Nifty is expected to have aggressive upside targets at 22500, while Bank Nifty is likely to outperform with targets at 48636. The Nifty options data indicates a trading range of 21300-21700. Q3 corporate earnings include HDFC Bank, ICICI Lombard, LTTS, Federal Bank, Bank of Maharashtra, ICICI Securities, Jindal Saw, and Network18. Preferred trades include buying Nifty at CMP with targets at 22151/22251 and Bank Nifty at CMP with targets at 48636. The chart of the day is bullish on INDIGO, APOLLO TYRES, MAZGAON DOCK, COFORGE, TATA POWER, and INDIAN BANK. CEINSYS TECH is recommended as a buy with a holding period of 12-15 months, targeting 500/589 and aggressive targets at 750, with a stop below 279.
08:17:39 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Stocks slide, dollar gains on rates outlook jitters
Asian shares dropped to a one-month low, U.S. stock futures fell and the dollar rose on Tuesday as hawkish remarks from central bankers tempered expectations for interest rate cuts and traders waited to hear from the Fed’s influential Christopher Waller.
08:16:54 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Gold slips as dollar, Treasury yields gain
Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank’s interest rate trajectory.
07:51:27 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Dollar advances as traders weigh rate cut expectations, eyes on data
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.
07:51:39 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Federal Bank, HDFC Bank, ICICI Lombard, LTTS and a slew of other companies will announce their third quarter results today.
07:51:48 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 44.5 points, or 0.20 per cent, at 22,099, signaling that Dalal Street was headed for negative start on Tuesday.
07:51:55 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms hammer candle on daily chart
Nifty today ended 203 points higher to end above the 22,000 mark for the first time ever and formed a hammer candlestick pattern on the daily chart. On the derivative front, the 21700PE strike added the highest open interest. With this, the supports are now dragged to the higher levels of 21700-21600 and sustenance above this zone on a closing basis will aid in garnering further bullish strength, StoxBox said.
07:52:02 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Rupee rises 9 paise against US dollar
The rupee strengthened for the ninth consecutive session to settle with a gain of 9 paise to 82.86 against the US dollar on Monday, driven by a rally in the domestic equity markets and fresh foreign fund inflows.
07:52:08 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Oil ticks up as Middle East crisis escalates, tankers divert
Oil prices edged slightly higher on Tuesday as the Middle East crisis escalated and ship tracking data showed more tankers altering course away from the Red Sea in response to attacks in the area by Yemen’s Houthi movement.
07:52:15 AM IST, 16 January 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday
The BSE Sensex advanced 759 points or 1.05% to settle at 73,328, while NSE Nifty surged 202 points or 0.93% to end at 22,097.
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