Share Market Saturday Trading Session (January 20) HIGHLIGHTS: Sensex, Nifty end volatile session lower amid weakness in HUL, TCS, Infosys
Share Market HIGHLIGHTS, Saturday Trading Session (January 20): Domestic equity benchmarks Nifty50 and Sensex are all set to start for a full trading session on Saturday, January 20, and will remain shut on Monday, January 22, as several states including Maharashtra have declared a public holiday that day for the consecration ceremony at the Ram Mandir in Ayodhya, Uttar Pradesh. Meanwhile, a special, half-day long trading session to test a failsafe system for trading, originally planned for Saturday, was postponed.
GIFT Nifty futures, an early indicator of the headline Nifty50 index, were up 24 points, or 0.1 per cent, at 21,697.5 at the last count, suggesting a positive start to the session on Saturday.
Also, the weekly derivative contracts of the Midcap Nifty and Bankex indices, normally scheduled on Mondays, will expire at the end of the session on Saturday.
Meanwhile, the Centre has ordered all government offices to remain closed for half a day, till 2:30 pm, on January 22.
Catch all the highlights of the Saturday session on Dalal Street on January 20, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS, Saturday Trading Session (January 20): Domestic equity benchmarks Nifty50 and Sensex are all set to start for a full trading session on Saturday, January 20, and will remain shut on Monday, January 22, as several states including Maharashtra have declared a public holiday that day for the consecration ceremony at the Ram Mandir in Ayodhya, Uttar Pradesh. Meanwhile, a special, half-day long trading session to test a failsafe system for trading, originally planned for Saturday, was postponed.
GIFT Nifty futures, an early indicator of the headline Nifty50 index, were up 24 points, or 0.1 per cent, at 21,697.5 at the last count, suggesting a positive start to the session on Saturday.
Also, the weekly derivative contracts of the Midcap Nifty and Bankex indices, normally scheduled on Mondays, will expire at the end of the session on Saturday.
Meanwhile, the Centre has ordered all government offices to remain closed for half a day, till 2:30 pm, on January 22.
Catch all the highlights of the Saturday session on Dalal Street on January 20, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Saturday Trading Session: Sensex ends 260 pts lower, Nifty gives up 21,600
The Sensex sheds 259.6 points, or 0.4 per cent, to end at 71,423.7 and the Nifty50 settles at 21,571.8, down 50.6 points, or 0.2 per cent, from its previous close.
Share Market Today LIVE, Saturday Trading Session: Nifty FMCG, Nifty IT, Nifty Pharma top losers among NSE sectoral indices
As the market enters the final 30 minutes of trade, the Nifty FMCG is the worst hit among the sectoral gauges on stock exchange NSE, trading 1.1 per cent lower for the day. The IT index is the second biggest laggard, down one per cent.
On the other hand, the Nifty PSU Bank is the top gainer, holding on strongly to the green with an intraday gain of 1.7 per cent.
| Index | Current | Change (%) |
| NIFTY FMCG | 55,997.15 | -1.14 |
| NIFTY IT | 36,706.35 | -0.98 |
| NIFTY PHARMA | 17,236.00 | -0.87 |
| NIFTY CONSUMER DURABLES | 31,631.35 | -0.68 |
| NIFTY REALTY | 862.8 | -0.66 |
| NIFTY HEALTHCARE INDEX | 10,948.10 | -0.53 |
| NIFTY AUTO | 18,674.15 | -0.11 |
| NIFTY OIL & GAS | 10,377.80 | 0.18 |
| NIFTY MEDIA | 2,376.25 | 0.27 |
| NIFTY METAL | 7,753.60 | 0.27 |
| NIFTY FINANCIAL SERVICES | 20,569.55 | 0.71 |
| NIFTY PRIVATE BANK | 23,724.60 | 0.79 |
| NIFTY BANK | 46,122.05 | 0.92 |
| NIFTY PSU BANK | 6,047.35 | 1.72 |
Share Market Today LIVE, Saturday Trading Session: As India prepares for Pran Prathista ceremony, 10 stock ideas to play Ram Temple theme
As the country awaits the much-anticipated ‘Pran Prathista’ consecration ceremony of the Ram Temple in Ayodhya on January 22, 2024, Zee Business has handpicked a list of stocks to ride the religious tourism theme on Dalal Street and make the most of the historic event.
In the special segment, ‘Ayodhya Stock Exchange’, Sethi Finmart managing director Vikas Sethi shares his views and targets on the stocks that are set to benefit from the mega event.
IRCTC
Rationale: IRCTC shares are expected to gain benefit directly from a pickup in tourism as the Indian Railways is considering connecting Ayodhya to all major cities in the country.
Target price: The stock is seen touching Rs 1,250 levels soon as it enjoys strong fundamentals, according to Sethi.
InterGlobe Aviation (IndiGo)
The parent company of airline IndiGo is set to benefit after the launch of Ayodhya flights. The airline has already started direct flights to Ayodhya from Delhi, Mumbai and Ahmedabad.
Investors may buy afresh or hold the stock at any level for a target of Rs 3,750, according to Sethi.
Catch the full list of 10 stocks to play the Ram Mandir theme here
Share Market Today LIVE, Saturday Trading Session: Can Fin Homes Q3 net profit at Rs 200 crore, in line with analysts' estimates
Can Fin Homes reports a net profit of Rs 200 crore for the October-December period as against Rs 151.5 crore for the corresponding period a year ago. Its net interest income, or the difference between interest earned and interest paid, comes in at Rs 329 crore as against Rs 252 crore a year ago, according to a regulatory filing.
According to Zee Business analysts, the NBFC was estimated to report a quarterly net profit of Rs 196 crore and NII of Rs 327 crore.
Share Market Today LIVE, Saturday Trading Session: Buy Balkrishna Industries, Coal India futures, says Sandeep Wagle
Sandeep Wagle of Sandeep Wagle Advisory Services shares two recommendations with Zee Business viewers:
- Buy Balkrishna Industries futures around Rs 2,755 for targets of Rs 2,120 and Rs 3,150 with a stop loss at Rs 2,700
- Buy Coal India futures for a target of Rs 415 with a stop loss at Rs 296.5
Share Market Today LIVE, Saturday Trading Session: ICICI Bank shares up 1% as investors await Q3 results due today
ICICI Bank shares hold on to the green for much of the session so far, stronger by Rs 9.8, or one per cent, for the day at Rs 1,008.9 apiece on BSE at this hour after gyrating in a range of Rs 995.2-1,009.7 in intraday trade.
Image: BSEIndia.com
Share Market Today LIVE, Saturday Trading Session: RITES shares skyrocket to record high
RITES shares jump by as much as Rs 82.9, or 15 per cent, to an all-time high of Rs 636.5, after the company bags an order worth Rs 414 crore from IIT Bhubaneswar.
Image: BSEIndia.com
Share Market Today LIVE, Saturday Trading Session: CESC shares snap two-day winning run after weak Q3 results
CESC shares weaken by as much as Rs 2.7, or 1.8 per cent, to Rs 135.6 apiece on BSE, following two back-to-back days of gains, after the company reports a weak set of quarterly numbers.
After market hours on Friday, CESC reported a 10.4 per cent year-on-year fall in net profit for the October-December period.
Its margin contracted to 10.6 per cent from 15.8 per cent a year ago, according to a regulatory filing.
The company declared a dividend of Rs 4.5 per share.
Image: BSEIndia.com
Share Market Today LIVE, Saturday Trading Session: ICICI Bank, IDFC First Bank among 40-odd companies scheduled to report results today
Here's a list of some of those companies:
- 3PLAND
- AARTISURF
- ABCGAS
- CANFINHOME
- COMFINCAP
- COMFINTE
- ESHAMEDIA
- GOTHIPL
- HIGHENE
- ICICIBANK
- IDBI
- IDFCFIRSTB
- INDOCRED
- IREDA
- ISFL
- J&KBANK
- JKCEMENT
- KKCL
- LKPSEC
- MANGIND
- MARKOBENZ
- NETLINK
- PERSISTENT
- PILITA
- PRECISION
- RAJRATAN
- ROSSARI
- SESHAPAPER
- SICL
- SPORTKING
- SUPREMEINF
- SURAJ
- SWASTIKA
- TATVA
- TILAK
- TRISHAKT
- UNIONBANK
- VARDHMAN
- WAAREERTL
Share Market Today LIVE, Saturday Trading Session: Nifty Midcap index soars to record high on expiry day
Broader market index Nifty Midcap 100 scales a record high, rising as much as 471.3 points —or one per cent—to an unprecedented 48,287.2.
For the equity derivatives segment, the Midcap Nifty (MIDCPNIFTY) contracts expiring on January 22, 2024, will now expire on January 20, 2024, according to a circular by stock exchange NSE.
Share Market Today LIVE, Saturday Trading Session: Paytm shares rise after better-than-expected Q3 results
The stock of Paytm parent One97 Communications gains by as much as Rs 23.8, or 3.1 per cent, to Rs 797.7 apiece on BSE, after the digital payments company reports a set of quarterly numbers that exceeded analysts' estimates.
In a regulatory filing post-market hours on Friday, the company reported a 38 per cent year-on-year increase in revenue to Rs 2,850.5 crore for the October-December (Q3 FY24) period.
The company's quarterly net profit narrowed to Rs 221.7 crore from Rs 392.1 crore a year ago.
Paytm said its Q3 performance was marked by "significant growth in subscription revenue, improved margins, and increased payment business revenue".
CLSA upgraded the stock to 'buy' from 'outperform' and raised its target to Rs 960 from Rs 925.
Share Market Today LIVE, Saturday Trading Session: Citi maintains 'sell', Morgan Stanley 'underweight' on RBL Bank post-earnings; check out their targets here
| Brokerage | Rating | Target | Target vs Jan 19 close (%) |
| Citi | Sell | Reduced to Rs 257 from Rs 275 | -3.3 |
| Morgan Stanley | Underweight | 250 | -5.9 |
Share Market Today LIVE, Saturday Trading Session:
Financial and IT stocks take centre stage on Dalal Street, taking the helm from FMCG and auto stocks as top contributors to the rise in the market.
Image: Niftyindices.com
Share Market Today LIVE, Saturday Trading Session: RBL Bank shares rise as lender posts 21% rise in Q3 NII
RBL Bank investors are focusing on the positives in a mixed set of quarterly numbers reported in the final moments of Friday's trading session, as reflected in a rise of as much as 4.4 per cent in the stock to Rs 277.5 apiece in intraday trade today.
RBL Bank Q3 Results
On Friday, RBL Bank posted an 11.5 per cent year-on-year increase in net profit to Rs 233 crore for the fiscal third quarter on the back of 21 per cent growth in net interest income (NII).
Its slippages, or new bad loans, however, increased 9.5 per cent and 23.1 per cent on year-on-year and quarter-on-quarter bases, respectively.
RBL Bank reported a 56.5 per cent year-on-yaer increase in provisions.
Its gross non-performing assets (NPAs), or gross bad loans, as a percentage of total loans remained unchanged at 3.12 per cent as the previous quarter.