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08:20:39 PM IST, 04 January 2024
S&P 500, Nasdaq open lower after robust jobs data
The S&P 500 opened lower by 5.27 points, or 0.11%, at 4,698.72, while the Nasdaq Composite dropped 47.98 points, or 0.31%, to 14,545.23 at the opening bell.
The Dow Jones Industrial Average rose 51.2 points, or 0.18%, at the open to 37,498.28.
08:09:55 PM IST, 04 January 2024
Govindayapalli Ram Mohan Rao takes charge as Sebi’s executive director
Sebi on Thursday said Govindayapalli Ram Mohan Rao has taken charge as an executive director and will handle the departments of investigation and internal inspection. Earlier, Rao was the regional director of the eastern regional office of Sebi (Securities and Exchange Board of India). In that role, he had supervised diverse portfolios, including inspections, setting up of investor service centres, investor awareness, and redressal of grievances.
08:09:02 PM IST, 04 January 2024
Govindayapalli Ram Mohan Rao takes charge as Sebi’s executive director
Sebi on Thursday said Govindayapalli Ram Mohan Rao has taken charge as an executive director and will handle the departments of investigation and internal inspection. Earlier, Rao was the regional director of the eastern regional office of Sebi (Securities and Exchange Board of India). In that role, he had supervised diverse portfolios, including inspections, setting up of investor service centres, investor awareness, and redressal of grievances.
07:49:58 PM IST, 04 January 2024
Tech View: Nifty forms Inside Bar candle on weekly expiry. What Nifty traders should do on Friday
The hourly momentum indicator has triggered a positive crossover which is a buy signal.
Open Interest (OI) data showed the call side displayed the highest OI at the 49,000 level, closely followed by the 49,500 strike prices. Conversely, on the put side, the highest OI was observed at the 48,000 strike price.
07:01:40 PM IST, 04 January 2024
Grasim to issue rights shares at Rs 1,812/shr; sets January 10 as record date
Grasim Industries Ltd on Thursday said that it will issue shares on rights basis at Rs 1,812 per share and has set January 10 as the record date to determine eligible holders for the same.
06:11:24 PM IST, 04 January 2024
Adani Ports to tap bond market for first time in more than two years
India’s largest private port operator Adani Ports and Special Economic Zone plans to raise funds totalling Rs 5 billion through two bonds, one maturing in five years and the other in 10 years, three bankers said on Thursday. The company, which will tap the market for the first time since October 2021, has invited bids from bankers and investors on Monday, they said.
05:22:08 PM IST, 04 January 2024
Nifty Bank snaps 4-day losing streak; next target seen at 49,500-50,000
The breakout confirms the resumption of the uptrend, which could take the index towards 49,500-50,000 in the short to medium term, suggested experts.
Market bounced back after the last two negative trading days led by strong monthly business updates of leading banks, emphasizing robust credit growth. The Realty sector was the highest gainer in anticipation of robust demand in the residential category, which was supported by healthy housing loans disbursement data announced by banks. The Asian market engaged in profit-booking as Fed minutes indicated that rates will be put on-hold in the near-term.
– Vinod Nair, Head of Research, Geojit Financial Services
The Bank Nifty witnessed a robust comeback by the bulls, decisively surpassing the hurdle at 48,000 on a closing basis. This breakthrough confirms the resumption of the uptrend, indicating a potential move towards the target of 50,000. The bullish crossover in the RSI further supports the positive momentum. In case of any pullback, the index has a solid support at 47,700, serving as a cushion for the bulls
– Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Rupee showed strength, gaining 0.06rs and trading at 83.29. This was attributed to some profit booking in the dollar ahead of the ADP Nonfarm Payroll Employment change, which is anticipated to be higher at 115k compared to the previous figure of 103k. Positive momentum in the capital markets, particularly with a more than 1.10% gain in the banking sector index, contributed to the rupee’s upward movement. The rupee continues its range-bound trend, fluctuating between 83.15-83.45.
– Jateen Trivedi, VP Research Analyst at LKP Securities
03:51:28 PM IST, 04 January 2024
Rupee rises 8 paise to close at 83.22 (provisional) against US dollar.
03:38:56 PM IST, 04 January 2024
Top gainers & losers in closing trade
03:34:56 PM IST, 04 January 2024
Closing Bell: Sensex breaks 2-day losing streak, surges 491 points; Nifty above 21,650; Reliance Power skyrockets 19%, Sobha 15%
03:26:26 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: India Government Ministry Of Defence signs contracts worth Rs 802 crore for procurement of military equipment with Jupiter Wagons, BEML
03:22:27 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: DCM Shriram signs MoU with Gujarat Government to invest Rs 12,000 crore by 2028
03:20:36 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Abbott India says GST tax authorities levied a penalty of Rs 1.7 crore
03:00:24 PM IST, 04 January 2024
Record monthly FPI buying in December drives India’s Nifty 50 to record highs
The record buying propelled India’s stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs.
02:58:19 PM IST, 04 January 2024
Dollar eases as Fed minutes offer few clues on rate cuts timeline
The dollar fell on Thursday, after rising to an almost three-week high a day earlier, with minutes of the Federal Reserve’s last meeting providing few clues on when the United States might start cutting interest rates. Minutes of the December policy meeting released on Wednesday showed Fed officials convinced inflation was coming under control and concerned about the risks of the central bank’s “overly restrictive” monetary policy on the economy.
02:36:35 PM IST, 04 January 2024
Morgan Stanley turns neutral on dollar, had been bullish
Morgan Stanley has moved to neutral on the dollar, having earlier been bullish, it said in a Thursday note, citing a deceleration in the U.S. economy and U.S rates falling further than peers.
They have closed their short euro/dollar trade recommendation as a result, and because they still see euro weakness, instead propose a short euro/Japanese yen trade.
02:28:34 PM IST, 04 January 2024
Gold rises as dollar slips; focus on jobs data for Fed cues
Gold prices rose on Thursday as the dollar weakened, while investors looked out for more US jobs data to gauge the Federal Reserve’s next steps on its monetary policy. Spot gold was up 0.3% at $2,047.79 per ounce, as of 0815 GMT, after hitting its lowest since Dec. 21 on Wednesday. US gold futures rose 0.6% to $2,055.00 per ounce. The dollar index fell by 0.2%, making gold more attractive for other currency holders.
01:54:23 PM IST, 04 January 2024
European shares rebound from three-week lows; healthcare, energy lead gains
The pan-European STOXX 600 was up 0.5% by 0804 GMT, having dropped to a three-week low in the previous session.
01:31:31 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: REC hires bankers for up to $500 million yen-denominated green bond fundraise – official
01:17:35 PM IST, 04 January 2024
Stock Market LIVE Updates | Q3 Business Update: Bandhan Bank reported a growth of 18.6 per cent in its loans and advances during the third quarter ending December 31 at Rs 1,15,964 crore. In a regulatory filing on Thursday, the Kolkata-based bank said the figure stood at Rs 97,787 crore during the year-ago period.
01:07:16 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: United Spirits files petition in court to challenge Rs.365 cr claim from institutional customer: Agencies
01:00:14 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Nippon Life India Asset Management appoints Amol Bilagi as Interim-Chief Financial Officer
12:32:31 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Sensex rallies 500 points, nears 72,000
12:29:39 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: NBCC has been awarded the work order amounting to Rs. 3.13 crore by Civil Services Officers Institute (CSOI).
12:18:50 PM IST, 04 January 2024
Stock Market LIVE Updates |Shares of the Indian Energy Exchange (IEX) climbed nearly 3% to Rs 167.8 in Thursday’s trade on BSE after the firm reported a 14.9% year-on-year increase in its overall volume for December 2023, with a total of 9,707 Million Units (MU) traded, including 10.52 lakh Renewable Energy Certificates (RECs), equivalent to 1052 MU.
12:13:56 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Blue Jet Healthcare receives approval from Maharashtra State Electricity Distribution Co for synchronization of 5.615 MW plant capacity in 15 MW solar park
12:11:47 PM IST, 04 January 2024
Stock Market LIVE Updates | Reliance Jio added 31.59 lakh mobile users while rival Bharti Airtel’s subscriber gain came in at 3.52 lakh in October 2023, as per monthly subscriber data by TRAI. There was no relief for the troubled telco Vodafone Idea on subscriber front, as it lost 20.44 lakh wireless subscribers in October.
12:10:01 PM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: HEC Infra Projects appoints Arvindkumar Patel as CFO
11:46:13 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Top Nifty50 stocks that hit 52-week high today
11:40:14 AM IST, 04 January 2024
Australian shares end lower as investors dial back rate-cut views
The S&P/ASX 200 index closed 0.4% lower at 7,494.10 points, its lowest closing level since Dec. 19.
After scaling a near record high on Tuesday, the benchmark index lost about 2% over the previous two sessions, losing steam from a rally gathered in the last two months of 2023.
11:25:03 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates | IndiGo announces removal of fuel charge from Jan 4
11:21:03 AM IST, 04 January 2024
Japan bond yields rise on 2024 restart in catch-up with US peers
At the same time, expectations that a devastating earthquake on Japan’s west coast would prevent an early end to the Bank of Japan’s (BOJ) stimulus prevented JGB yields from rising too much.
11:15:13 AM IST, 04 January 2024
Stock Market LIVE Updates | Nifty Realty skyrockets 5%; check out the top gainers from the pack
10:58:51 AM IST, 04 January 2024
Stock Market LIVE Updates | Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects. Power Finance Corporation (PFC) signed an MoU with the government of Gujarat on January 3, 2024, according to a company statement issued on Wednesday.
10:45:26 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Shares of Torrent Power shot-up over 13% and hit their 52 week high of Rs 1,059 on the NSE on Monday after the company informed exchanges about signing a Memorandum of Understanding (MoU) of Rs 47,350 crore with the Gujarat government for setting-up solar and hybrid power projects.
10:36:32 AM IST, 04 January 2024
Sensex LIVE Updates | Sensex jumps 400 points
10:20:42 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: How top IT software firms are faring
10:18:04 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Torrent Power has inked four initial pacts with the Gujarat government to invest Rs 47,350 crore in renewable energy, green hydrogen and electricity distribution. Torrent Power Ltd, the integrated power utility of the diversified Torrent Group, has signed four non-binding Memorandum of Understanding (MoUs) with the government of Gujarat under the 10th edition of Vibrant Gujarat Global Summit, according to a company statement issued late in the evening on Wednesday.
10:13:28 AM IST, 04 January 2024
China stocks fall despite encouraging service activity data; HK shares down
China’s blue-chip CSI 300 Index dropped 1.4% by the lunch break, while the Shanghai Composite Index lost 0.9%.
10:02:05 AM IST, 04 January 2024
Stock Market LIVE Updates: Macrotech Developers announces that the company has acquired 100% equity stake in Goel Ganga Ventures India Private Limited.
09:47:43 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Vedanta shares rise 2.7% higher after its alumina production at Lanjigarh refinery was up 6% year-on-year to 470kt in the quarter ended December. The cast metal aluminium production at smelters also rose 6% YoY.
09:48:09 AM IST, 04 January 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Markets have a tendency to overreact. Perhaps the sharp rise in the US market in response to the Fed pivot was a bit overdone. The marginal rise in the US bond yield is a reflection of the market concern regarding the timing of the expected Fed rate cut.
A good strategy now would be to move some money from the overpriced mid and small caps to the fairly- priced high quality large caps like the leading banking names.
09:39:05 AM IST, 04 January 2024
Rupee falls 1 paisa to 83.31 against US dollar in early trade.
09:24:37 AM IST, 04 January 2024
Stock Market LIVE Updates | Q3 Business Update: IndusInd Bank’s net advances rose 20% YoY to Rs 3.26 lakh crore for the December quarter. Deposits increased 13% to Rs 3.68 lakh crore.
09:24:37 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | UBS ON IT SECTOR
- Infosys – Upgrade to buy from neutral; Hike target price to Rs.1,800 from Rs.1,450
- Wipro – Downgrade to sell from neutral; Hike target price to Rs.435 from Rs.430
- TCS – Maintain neutral; Hike target price to Rs.4,050 from Rs.3,700
- HCL Tech – Maintain neutral; Hike target price to Rs. 1,540 from Rs. 1,350
- Tech Mahindra – Maintain sell; Hike target price to Rs.1,130 from Rs. 1,000
09:23:47 AM IST, 04 January 2024
Stock Market LIVE Updates | Q3 Business Update: Ujjivan SFB’s total deposits rose 29% to Rs 29,869 crore for the quarter ended December, while disbursements were up 17% to Rs 5,675 crore.
09:19:42 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Tata Steel, PNB among most active stocks in morning trade
09:18:52 AM IST, 04 January 2024
Opening Bell: Sensex climbs 250 points, Nifty above 21,600; Torrent Power rises 6%, Ujjivan SFB 5%
09:09:42 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 300 points; Nifty above 21,600
09:09:16 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Bandhan Bank says total deposits for qtr ended Dec up 14.8% YoY
- Loans & advances for quarter ended DEC up 18.6% YoY
09:07:49 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: JPMorgan upgrades IT sector to neutral
Amidst a prevailing atmosphere of pessimism, the Nifty faces a challenging start to the new year, marked by significant volatility and profit-taking on Dalal Street. While the first three trading days reflect a downturn in equity, caution is advised against premature panic. Wall Street’s continued decline, a dip in bets for early rate cuts by the Fed, and elevated yields on the US Treasury note contribute to the apprehension. The Nifty’s technical landscape sees bears capitalizing on overbought conditions, with key resistance at 22000 and support at 21307. The outlook is shadowed by anxiety over weak IT stock earnings. Trading strategies involve cautious moves on Nifty and Bank Nifty, while bullish prospects are highlighted for ADANI PORTS, COAL INDIA, ZEE ENTERTAINMENT, and SBI. The recommended stock to buy is ZEE ENTERTAINMENT, with an interweek strategy based on a breakout play.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:52:51 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: AU Small Finance Bank gross advances for quarter-ended Dec up 20% YoY; total deposits grow 31% YoY
08:34:09 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Macrotech Developers executed agreements for acquisition of Goel Ganga Ventures India
08:18:10 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Asian stocks waver as traders ponder rate cut bets
Asian shares fell on Thursday and the dollar was near a three-week high as traders dialled back bets of steep and early rate cuts this year, with the minutes of the Federal Reserve’s last meeting failing to provide clues to when U.S. cuts might start.
08:01:58 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Dollar rebounds as traders rethink Fed rate cut expectations
The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with an air of caution hanging over markets after an impressive risk rally last month.
08:01:15 AM IST, 04 January 2024
Sensex Today | Stock Market LIVE Updates: Gold steady as traders await jobs data for Fed cues
Gold prices were little changed on Wednesday as higher U.S. dollar and bond yields kept a lid on bullion’s upside while investors looked out for more jobs data to gauge the Federal Reserve’s next steps on monetary policy.
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