Share Market HIGHLIGHTS | Sensex left with 31-point gain, Nifty five pts shy of 21,550 as financial, FMCG stocks give in to selling pressure in last hour of trade
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex were barely in the green at the end of a volatile session on Tuesday. Catch all the highlights of the January 9 session on Dalal Street, 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: Domestic equity benchmarks Nifty50 and Sensex were barely in the green at the end of a volatile session on Tuesday, as financial and FMCG shares gave in to selling pressure in the final hour of trade though buying interest in IT and auto spaces supported the upmove. Investors awaited the onset of the corporate earnings season due this week for domestic cues.
Globally, equities staged mixed moves ahead of the release of key US inflation data due on Thursday that could influence the Fed's rate outlook.
Catch all the highlights of the January 9 session on Dalal Street, 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 Today | Larsen & Toubro, Bharti Airtel, HCL Tech, Tata Motors, Sun Pharma rise most among 14 Sensex gainers
Here's a look at the 30-scrip basket at the end of the day:
While L&T, Bharti Airtel and HCL Tech are the biggest contributors to the gain in the index at the close, HDFC Bank, Reliance and ICICI Bank are the biggest spoilsports.
Images: BSEIndia.com
Share Market Today | Broader indices eke out gains, off day's highs
Broader gauges Nifty Midcap 100 and Nifty Smallcap 100 finish 0.2 per cent and 0.4 per cent higher, respectively, after rising around one per cent each during the course of the day.
The Nifty 500, the broadest index on the bourse, ends 0.2 per cent higher for the day, having gained as much as 0.9 per cent in intraday trade.
Share Market Today | Nifty Realty top gainer among NSE sectoral indices, up 2.5%; Nifty Media slumps 3.3%
Index Change (%) Jan 9 close NIFTY REALTY 2.52 866.75 NIFTY HEALTHCARE INDEX 1.07 10,940.55 NIFTY AUTO 0.92 18,519.80 NIFTY PHARMA 0.87 17,346.30 NIFTY METAL 0.79 7,808.30 NIFTY IT 0.43 34,662.45 NIFTY CONSUMER DURABLES 0.14 31,312.40 NIFTY OIL & GAS 0.11 9,731.05 NIFTY PSU BANK -0.16 5,682.25 NIFTY FMCG -0.18 56,573.10 NIFTY PRIVATE BANK -0.37 24,394.90 NIFTY BANK -0.44 47,242.65 NIFTY FINANCIAL SERVICES -0.45 21,197.25 NIFTY MEDIA -3.32 2,387.80 Closing Bell | Sensex up 31 pts, gives up much of day's gain; Nifty five pts shy of 21,550
Both headline indices finish the day barely in the green, having lost much of their intraday gains in the final hour of the session.
The Sensex ends 31 points higher at 71,386.2 and the Nifty50 settles at 21,544.9, up 31.9 points from its previous close, after jumping as much as 680.3 points and 211.5 points—one per cent each—during the course of the day, respectively.
Nifty50
Images: NSEIndia.com, BSEIndia.com
Nifty Today LIVE | L&T, Bharti Airtel, Infy, Sun Pharma among top movers in 50-scrip basket
L&T, Bharti Airtel, Infosys, Sun Pharma and Adani Ports are the top movers in the Nifty baskets at this hour. On the contrary, HDFC Bank, Axis Bank, RIL and Nestle India are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Oil India shares rise after state-run explorer inks green energy JV pact with Assam Power Generation Corp
Oil India shares inch higher on Tuesday, January 9, after the state-run oil exploration and production firm signed a joint venture agreement with Assam Power Generation Corporation (APGCL) to work together in the renewable energy space. The Oil India stock gains by as much as Rs 2.75, or 0.74 per cent, to Rs 376.8 apiece on BSE. Assam Power Generation Corporation Ltd (APGCL) is a public sector enterprise of Assam mainly responsible for maximising energy generation to meet the demand. Read more
Share Market Today LIVE | Jyoti CNC Automation IPO fully subscribed on Day 1
Jyoti CNC Automation's share sale has received bids for 2,50,45,110 shares against 1,75,39,681 shares on offer. Overall, the public issue has been subscribed 1.43 times so far on Day 1 of the bidding process.
Category Subscription (No. of times the equity reserved) Qualified institutional buyers Nil Non-institutional investors 1.49 Retail investors 5.55 Overall 1.43 Source: Exchange data Share Market Today LIVE | Nifty above 21,700, Sensex gains nearly 650 pts amid broad-based buying
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,450-21,525 levels and a strong buy zone at 21,350-21,400 levels on Tuesday, January 9. For the Nifty Bank, he expects support at 47,200-47,375 levels and a strong buy zone at 46,925-47,100 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | JM Financial initiates coverage on Tata Technologies with ‘Buy’ rating; Check target price and key triggers
Being highly optimistic on the prospects of ER&D, or Engineering, Research, and Development, domestic brokerage JM Financial has initiated coverage on Tata Technologies with a target price of Rs 1,360. This implies a potential gain of over 16 per cent from the last closing price of Rs 1,170.9.
The brokerage opines that Tata Technologies is a play on electrification. The brokerage estimates that the company could exploit the huge potential the industry offers, as the electric action theme could drive $35 billion of incremental outsourced auto ER&D spend over 2023–27E. Tata Technologies shares trade flat at Rs 1,169.7, down 0.15 per cent on NSE. Read moreShare Market Today LIVE | IRB Infra records 26% growth in aggregate toll collection for December 2023; shares hit all-time high
IRB Infrastructure Developers shares on Tuesday (January 9) scale an all-time high at Rs 47.25 apiece as market participants cheered a 26 per cent growth in the aggregate toll collection for December 2023.
Shares of the civil construction company trade 11.03 per cent or Rs 4.65, higher on the NSE at Rs 46.8 apiece. The market capitalisation of the company at around the same time stands at Rs 28,26,252. Read more
Share Market Today LIVE | Nykaa shares clock 52-week high as investors cheer cosmetics-to-fashion retailer's strong Q3 business update
Nykaa shares clocks a 52-week high on Tuesday, extending gains to a fourth straight session, after the cosmetics-to-fashion retailer gave a strong quarterly business update this week. The stock of Nykaa parent FSN E-Commerce Ventures gains by as much as Rs 14.6, or 8.3 per cent, to Rs 191.5 apiece on BSE, surpassing an earlier 52-week high of Rs 183.3 touched on December 18. Read more
Traders' Diary | Buy, sell or hold strategy on Infosys, HPCL, Eicher Motors, Amber Enterprises, Patanjali Foods, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Tuesday, January 9. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.
Kushal Gupta
- Buy Maithan Alloys shares in the cash segment for a target price of Rs 1,240 with a stop loss at Rs 1,190
- Buy Infosys futures for a target of Rs 1,570 with a stop loss at Rs 1,510
- Buy the Rs 430 call option of Hindustan Petroleum Corp Ltd (HPCL) at Rs 15.5 for a target of Rs 25 with a stop loss at Rs 10
- Technical pick: Buy AU Small Finance Bank shares for a target price of Rs 820 with a stop loss at Rs 788
- Fundamental pick: Buy Jindal Steel and Power Ltd (JSPL) shares for a target of Rs 250 with a stop loss at Rs 710
- Investment idea: Buy Eicher Motors shares for a 12-month target of Rs 4,600. Read more
Jyoti CNC Automation IPO | Should you subscribe? Check Anil Singhvi's view
Initial share-sale offer of Jyoti CNC Automation is opening for public subscription today i.e. January 9, 2024. This is going to be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE.
Jyoti CNC Automation IPO Buy or Not: Anil Singhvi's View
According to Zee Business Managing Editor Anil Singhvi, only risk-taking investors should subscribe to this IPO but not for listing gains. "If today's market trends remain, there are chances of some listing gains. However, high-risk investors must subscribe for the long-term," Singhvi said. Read more
Stocks to Buy or Sell Today | Here is what experts recommend on Tata Motors, Wipro, PFC, other scrips
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Avinash Gorakssakar, Rakesh Bansal, Kunal Shah, Kunal Saraogi and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.
On the analysts' 'buy' list are stocks such as HDFC Asset Management Company (AMC), Tata Motors, City Union Bank (CUB), Wipro, Finance Corporation (PFC) and TVS Motor Company. Read more
Share Market Today LIVE | Nifty above 21,650, Sensex rises nearly 450 pts
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Should you buy DLF, Sobha, SBI, LIC Housing Finance, Godrej Properties, other stocks today? Here is what brokerages recommend
As Dalal Street enters the January 9 session, brokerages have a bunch of stocks on their radar. Here's what Jefferies and HSBC make of stocks such as DLF, Godrej Properties, HDFC Bank, State Bank of India (SBI) and LIC Housing Finance:
DLF
Jefferies has a 'buy' call on DLF shares with a target of Rs 875.
Godrej Properties
Jefferies has a 'buy' call on Godrej Properties with a target of Rs 2,635.
Sobha
Jefferies has a 'hold' call on Sobha Limited with a target of Rs 1,265.
Prestige Estates
Jefferies has an 'underperform' rating on Prestige Estates Projects with a target of Rs 1,000.
SRF
Jefferies has an 'underperform' rating on SRF with a target of Rs 2,140.
PI Industries
Jefferies has a 'buy' call on PI Industries with a target of Rs 4,290.
Navin Fluorine
Jefferies has a 'hold' rating on Navin Fluorine International Limited with a target of Rs 3,425. Read more
Currency Update | Rupee rises 9 paise to 83.05 against US dollar in early trade
Stocks to Watch | Tata Motors, CG Power, HUL, Bajaj Auto, other stocks
Here are some stocks that will be in focus on Tuesday, January 9:
CG Power and Industrial Solutions:
The company received a Goods and Services Tax (GST) demand notice amounting to Rs 25,86,035.
Tata Steel:
The record date for the merger of Tata Steel and The Tinplate Company of India Limited (TCIL) has been fixed for Friday, January 19, 2024.
Adani Enterprises:
The Arbitral Tribunal has pronounced the award for the company's subsidiary Mumbai International Airport Limited (MIAL), where it has excused MAIL from making payment of the Monthly Annual Fee (MAF) for the period from March 13, 2020, to February 28, 2022, due to the existence of force majeure. Accordingly, the amount of MAF paid by MIAL to the Airports Authority of India (AAI) for the period March 13, 2020, to February 28, 2022, is ordered to be refunded along with interest.
Tata Motors:
Jaguar Land Rover (UK), a subsidiary of Tata Motors, reported increased sales volumes for the third quarter of FY24 (three-month period to 31 December 2023), reflecting improvements in supply as more vehicles were delivered to clients as per its filing.
Bajaj Auto:
The board has approved share buyback at a price of Rs 10,000 per share. This is at a premium of 43 per cent over the current market price. The buyback will be done through the tender route. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 115.95 points or 0.54 per cent at 21,695.5 count ahead of the opening bell on Dalal Street.
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