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 weakened amid volatile trade on Saturday. The financial markets will remain shut on Monday, January 22 amid a public holiday in several states including Mumbai for a consecration ceremony at the Ram Mandir in Ayodhya, Uttar Pradesh. Catch all the highlights of the special 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.coms 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: 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: 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: 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.
Share Market Today LIVE, Saturday Trading Session: S&P 500 notches first record high close in two years, Dow Jones jumps 59 pts
The S&P 500 registered a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
Here's where the three US stock benchmarks, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, stood at the end of the day:
- Dow Jones: up 395.2 points, or 1.1 per cent, at 37,863.8
- S&P 500: up 58.9 points, or 1.2 per cent, at 4,839.8
- Nasdaq Composite: up 255.3 points, or 1.7 per cent, at 15,311
Share Market Today LIVE, Saturday Trading Session: Crude oil dips on China demand concerns but ekes out weekly gain
Crude oil prices settled slightly lower on Friday, but managed to register a weekly gain< as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies.
At the end of the day:
- Brent futures: down by 54 cents at $78.6 per barrel
- US WTI futures: down by 67 cents at $73.4 per barrel
For the week, benchmark Brent futures gained about 0.5 per cent while the US WTI contract gained more than one per cent.
In China, slower-than-expected economic growth in the fourth quarter raised doubts about forecasts that demand there will drive global oil growth in 2024.
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: 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.
Share Market Today LIVE, Saturday Trading Session: Hindustan Unilever (HINDUNILVR) shares under pressure after FMCG major's Oct-Dec results fall short of analysts' estimates
HUL shares weaken by as much as Rs 79.8, or 3.1 per cent, to Rs 2,485 apiece on BSE.
On Friday, the FMCG major reported a set of quarterly numbers that fell short of analysts' expectations. While its volume growth was in line with estimates, growth in net profit, at 0.6 per cent, and a 0.3 per cent decline in revenue were worse than expectations.
CLSA has double downgraded HUL to 'underperform' from 'outperform' and reduced its target for the stock to Rs 2,637 and Rs 2,823 after the earnings announcement.
How brokerages view HUL after FMCG firm's quarterly results
Brokerage Rating Target CLSA Revised to 'underperform' from 'outperform' Reduced to Rs 2,637 from Rs 2,823 Morgan Stanely Equal-weight Reduced to Rs 2,464 from Rs 2,502 HSBC Revised to 'underperform' from 'hold' Reduced to Rs 2,350 from Rs 2,700 JPMorgan Overweight Reduced to Rs 2,750 from Rs 2,820 Jefferies Hold Reduced to Rs 2,750 from Rs 2,800 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: Sensex rises over 300 pts, Nifty crosses 21,700 led by IT, FMCG, auto stocks
Both headline indices rise as much as 0.5 per cent within the first few minutes of trade.
The Sensex gains as much as 343 points to touch 72,026.3 on the upside and the Nifty50 tests 21,720.3, adding 97.9 points to its previous close.
Share Market Today LIVE, Saturday Trading Session: Sensex gains 325 pts to cross 72,000 mark in pre-opening session
In the pre-open market, the 30-scrip index settles with a gain of 325.1 points, or 0.5 per cent, at 72,008.3.
Share Market Today LIVE, Saturday Trading Session: How market wizard Anil Singhvi views Dalal Street today and what he recommends
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,525-21,575 levels and a strong buy zone at 21,400-21,465 levels on Saturday, January 20.
For the Nifty Bank, he expects support to come in at 45,425-45,550 and a strong base at 44,950-45,150 levels.
Read more on Anil Singhvi's strategy for the full day session on Saturday, January 20
Share Market Today LIVE, Saturday Trading Session: Hindustan Unilever, RBL Bank, Paytm, Hindustan Zinc, CreditAccess to be in focus today
A bunch of companies reported their quarterly financial results post-market hours on Friday, including HUL, RBL Bank, HZL, One97, CreditAccess Grameen and Supreme Industries.
Share Market Today LIVE, Full Day Saturday Trading Session: As market gears up for a full trading day on Saturday, here is what GIFT Nifty futures signal
GIFT Nifty futures, an early indicator of the headline Nifty50 index, are up 25.3 points at 21,697.5 at this hour, suggesting a mildly positive start ahead on Dalal Street.
Good morning! Welcome to Zeebiz.com's blog on the stock market as Dalal Street is all set for a full trading session today (yes, a Saturday)
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, and much more.
Happy trading, and happy investing!
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