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03:11:36 PM IST, 15 January 2024
Sebi issues guidelines for AIFs on holding investment in demat form, custodian appointments
The new framework, effective from October 1, 2024, mandates that any investment made by an AIF after this date must be held in dematerialised form, Sebi said in a circular.
03:07:24 PM IST, 15 January 2024
Sensex LIVE Updates:Sensex jumps 750 points!
02:57:51 PM IST, 15 January 2024
Stock Market LIVE Updates: Euro zone bond yields rise as ECB warns on premature rate cuts
Markets have been quick to bet that the ECB would slash interest rates this year with inflation seemingly close to falling back towards target, but policymakers have urged caution and tried to downplay expectations.
02:54:51 PM IST, 15 January 2024
Stock Market LIVE Updates: Thomson Reuters takes 54% stake in Pagero, raises buyout offer to thwart rival bids
Thomson Reuters raised its offer to buy Sweden’s Pagero by 25% to about $789 million on Monday and said it now controls about 54% of the company, seeking to ward off rival bids for the e-invoicing and tax solutions firm. Thomson Reuters said it increased its offer to 50 crowns per Pagero share, valuing the company at 8.1 billion crowns and topping an offer of 45 crowns per share from U.S.-based sales and tax management services company Avalara Inc.
02:53:09 PM IST, 15 January 2024
Global stocks steady before busy week, China skips rate cut
MSCI’s world stock index was unchanged in morning trading in Europe. It has fallen around 0.35% so far this year after rallying 20% in 2023.
China’s CSI 300 index fell to its lowest since 2019 but recovered to stand 0.1% lower as investors digested the central bank’s decision to leave its medium-term policy rate unchanged on Monday, defying expectations for a cut.
02:51:46 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: NBCC’s subsidary HSCC (India) receives work order amounting to Rs. 76.62 crore (approx.)
Considering bullish sentiments in the markets touching fresh life time high along with overwhelming response received from all sets of investors on the last day of subscription, Jyoti CNC signals decent listing gain of 15% on its issue price. The listing premium is justified on the back of strong order book from aerospace and defence given healthy visibility on topline as well as bottom line and growing demand in the CNC machine industry. We also like the primary objective of the IPO which is for reducing the debt helping the company to come out of interest burdens leading to improve the bottom lines in coming years. Considering all the factors, we recommend allotted investors to HOLD for Long term. For non allottees one can wait and watch for any dips post listing to accumulate and look to hold for a long term like 3-5 years’ time horizon.
– View on Jyoti CNC Automation IPO Listing by Prashanth Tapse, Sr VP Research & Research Analyst, Mehta Equities
02:30:13 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Pidilite Industries partners with Italy-based Syn-Bios
02:15:11 PM IST, 15 January 2024
Nova AgriTech IPO to open on January 22. Check details
The initial public offer (IPO) of Nova AgriTech will open for subscription on January 22 and close on January 24. The allocation to anchor investors will be done on January 19. The company had filed its draft papers in March last year and received approval from the regulator in May 2023.
01:56:04 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Oriana Power got new orders aggregating to 4.718 MWP solar power plant
01:47:50 PM IST, 15 January 2024
Rajnandini Metal Q3 results
- PAT at Rs 3.86 crore vs Rs 3.39 crore
- Income at Rs 301 crore vs Rs 253 crore
01:37:38 PM IST, 15 January 2024
Gold futures rise Rs 188 to Rs 62,550/10 g
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased by 0.34 per cent to USD 2,058.50 per ounce in New York.
01:07:43 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Tiger Logistics (India) secures government tender from Bharat Heavy Electricals
01:04:41 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Digicontent Q3 loss at Rs 55 lakh vs profit of Rs 26 lakh YoY; revenue at Rs 108 crore vs Rs 92.3 crore
12:51:47 PM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour
12:42:51 PM IST, 15 January 2024
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12:22:48 PM IST, 15 January 2024
India 10-year bond yield drops 5 bps to 7.13%, lowest since September
12:03:26 PM IST, 15 January 2024
Stock Market LIVE Updates: Tokyo stocks close higher
Tokyo shares ended higher for a sixth straight session on Monday, with the Nikkei again hitting a nearly 34-year high, as a sense of relief spread after Taiwan’s elections. The benchmark Nikkei 225 index climbed 0.91 percent, or 324.68 points, to end at 35,901.79, while the broader Topix index gained 1.22 percent, or 30.37 points, to 2,524.60.
11:59:40 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Railway stocks in focus; soar up to 12%
11:55:18 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Top gainers from real estate sector
11:35:09 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: LKP Securities initiates coverage on Kaveri Seeds with Buy tag
- Kaveri Seeds’ Revenue/EBITDA/PAT has grown at a CAGR of 5%/20%/22% between FY20-23 on the back of new products introduced in their Non-Cotton portfolio as the company continues to reduce its dependence on Cotton seeds.
- However, the company is yet to reach peak Revenue/PAT levels of 2014-15 but we believe owing to its Non-cotton portfolio mainly Vegetables, Maize & Rice with tremendous potential to grow as far as Hybridization is concerned Kaveri Seeds will continue to improve its realizations in its Non-cotton portfolio as hybridization gains pace.
- We expect Kaveri Seeds to post a Revenue/EBITDA/PAT CAGR of 11%/16%/14% respectively over FY23-25E. We initiate coverage on Kaveri Seeds with a BUY rating and a one-year TP of Rs 806.
11:30:21 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Jio Financial Services rise over 2% ahead of Q3 results later today
11:15:11 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Wipro shares jump nearly 14% post-Q3 earnings; mcap climbs Rs 18,168 cr
Shares of Wipro on Monday jumped nearly 14 per cent, adding Rs 18,168.68 crore to its market valuation, after the IT company’s December quarter earnings beat estimates. The stock zoomed 13.10 per cent to reach its 52-week high of Rs 526.45 on the BSE. At the NSE, it rallied 13.65 per cent to Rs 529 — its 52-week peak.
11:11:56 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Shares of Zomato plunged over 4% to the day’s low of Rs 133.35 on the NSE on Monday following a block deal which saw equity worth Rs 621.68 crore changing hands at a price of Rs 138.15 per share.
10:55:37 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: HDFC Life shares drop over 3% as brokerages cut target price on Q3 miss
Following the earnings miss, Nomura reduced HDFC Life’s target price to Rs 740 from Rs 800 earlier while Investec also reduced its target from Rs 825 to Rs 750.
“Considering the sluggish growth on account of slower recovery in high-ticket policies, we believe HDFC Life is unlikely to deliver on full-year FY24E APE growth of mid-teen digits (ex Rs 10bn APE of high-ticket-size policies sold in 4Q23) guided by management earlier,” Nomura said.
10:48:41 AM IST, 15 January 2024
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10:47:54 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Mahindra And Mahindra says Mahindra Group, Ontario Teachers’ co-sponsor renewable energy listed Invit with offer size of $273 million
10:46:42 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Man Industries (India) gets new orders of approx. Rs. 400 crores; stock soars 8%
10:29:57 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: SpiceJet receives in‐principle approval from BSEfor fund infusion of Rs 2242 Crore
10:11:42 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Goldman Sachs maintains buy rating on Polycab India
- Goldman Sachs maintained a buy rating on Polycab India with a target price of Rs 5750
- We await further clarity from the company and govt authorities
- Take no view on the substance or outcome of the allegations/investigation
- Post the recent correction, Polycab is now trading at 29X FY25E, a 38% discount to the domestic peers under coverage
10:10:40 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: BHEL shares also jumped 4.5% in early trade after the company received an order worth Rs 15,000 crore from NLC India in Odisha.
10:10:16 AM IST, 15 January 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Nifty has broken out on the upside from the consolidation range and shows signs of further up move. An important driver of the rally is RIL which is moving up on large delivery based buying on news of commissioning of the Dhirubhai Ambani Green Energy project in H2 of 2024. RIL, large cap IT and banking majors can provide fodder for the bulls in the near-term.
10:04:59 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Tata Consumer Products Ltd (TCPL) is set to announce a Rs 3,500 crore rights issue after seeking board approval to fund its acquisitions of Capital Foods and Organic India pegged at Rs 7,000 crore. The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength of its new portfolio, MD and CEO Sunil D’Souza told ET.
09:44:03 AM IST, 15 January 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Avenue Supermarts opened 2.6% higher after the firm reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year to Rs 691 crore.
09:35:08 AM IST, 15 January 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Wipro’s net profit declined nearly 12% year-on-year (YoY) to Rs 2,694 crore in the third quarter. The consolidated revenue dropped 4.4% to Rs 22,205 crore.
09:33:12 AM IST, 15 January 2024
Rupee rises 12 paise to 82.82 against US dollar in early trade.
09:24:25 AM IST, 15 January 2024
Stock Market LIVE Updates | Block Deal: 42.4 lakh shares of Power Grid change hands
09:23:23 AM IST, 15 January 2024
Stock Market LIVE Updates | Top gainers & losers in opening trade as Nifty scales past 22,000!
09:21:24 AM IST, 15 January 2024
Opening Bell: Fresh highs! Sensex surges 500 points, tops 73K; Nifty scales Mt 22K for first time; Wipro surges 10%
09:11:07 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises over 450 points; Nifty above 22,050
09:09:36 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Nifty settles above 22,000 in pre-open trade for first time
09:06:15 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Gold extends gains as Middle East turmoil lifts appeal
Gold prices climbed for a third straight session on Monday, as bullion held onto safe-haven gains from elevated tensions in the Middle East and after U.S. producer prices data last week renewed bets for an early rate cut by the Federal Reserve.
08:53:59 AM IST, 15 January 2024
Sensex Today | Stock Market View | Prashanth Tapse, Senior VP (Research), Mehta Equities
The GIFT Nifty reflects a positive start for the stock market, with Nifty and Sensex reaching historic highs fueled by robust gains in IT stocks. Despite the bullish momentum, concerns arise from India’s retail inflation hitting a four-month high of 5.69% and a significant drop in the industrial growth rate to an 8-month low of 2.4%. Technically, Nifty’s bias remains positive, targeting 22,100, while Bank Nifty’s intraday support is at 47,401. Recommended trades include buying Nifty at CMP with a stop at 21,501 and targets at 22,000/22,100, and Bank Nifty at CMP with a stop at 46,851 and targets at 48,100/48,636. The chart of the day is bullish on specific stocks, and CEINSYS TECH is highlighted as a top buy with a rationale for a 12-15 months holding period. Noteworthy corporate earnings include Jio Financial Services, Angel One, PCBL, Choice International, Kesoram Industries, Fedbank Financial Services, and Nelco. Finally, a reminder that Wall Street is closed today for Martin Luther King Jr. Day.
08:52:10 AM IST, 15 January 2024
JUST IN | 0.5% of Zomato equity traded in block deal (pre-market)
08:11:44 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Asia stocks stumble, China skips on rate cut
Asian shares got off to a stumbling start on Monday as China’s central bank wrong footed markets by skipping on a rate cut, even as data due this week is expected to show the economic recovery there remains fragile.
07:54:56 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Dollar wobbles; yuan slips after PBOC surprise
The dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the yuan fell to a one-month low after China’s central bank surprised markets by keeping its medium-term policy rate steady.
07:54:24 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Oil slips; investors eye Mideast developments
Oil prices slipped on Monday with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea.
07:32:37 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Jio Financial, Angel One, Kesoram Industries, PCBL and a slew of other companies will announce their third quarter results today.
07:32:44 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 58 points, or 0.26 per cent, at 22,033, signaling that Dalal Street was headed for positive start on Monday.
07:32:51 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty bulls eye 22K next week
Nifty today ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21750, the breakout texture is likely to continue. Above the same, the market could move up till 22100-22200. On the flip side, below 21750 traders may prefer to exit out from the trading long positions. Below which, the index could retest the level of 21650-21575, said Amol Athawale of Kotak Securities.
07:32:57 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Rupee rises 6 paise against US dollar
The rupee strengthened for the eighth consecutive session to settle with a gain of 6 paise to 82.95 against the US dollar on Friday, buoyed by a rally in domestic equity markets.
07:33:04 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open slightly higher
Tokyo stocks opened modestly higher on Monday after a mixed close on Wall Street and five straight days of gains in previous sessions.The benchmark Nikkei 225 index was up 0.09 percent, or 31.46 points, at 35,608.57 in early trade, while the broader Topix index added 0.13 percent, or 3.28 points, to 2,497.51.
07:33:10 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Wall Street gains as inflation data boosts Fed rate-cut hopes
Wall Street’s main indexes climbed on Friday as a softer-than-expected inflation report boosted hopes of an early start to interest-rate cuts, while investors assessed a mixed bag of earnings reports from major lenders.
07:33:17 AM IST, 15 January 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday
Sensex ended with a gain of 847 points at 72,568 points while Nifty crossed the 21,900-level led by gains in heavyweights TCS and Infosys.
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