Share Market HIGHLIGHTS: Sensex ends 690 pts higher at 71,060, Nifty reclaims 21,450 as market halts two-day losing streak
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty and Sensex swung between gains and losses amid volatile trade before settling one per cent higher each on Wednesday, snapping a two-day losing streak.
Catch all the highlights of the January 24 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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty and Sensex swung between gains and losses amid volatile trade before settling one per cent higher each on Wednesday, snapping a two-day losing streak.
Catch all the highlights of the January 24 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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Thank you! That's all today on Zeebiz.com's blog on the January 24 session on Dalal Street
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Share Market Today: Hindalco, Dr Reddy's, Tata Steel, HCLTech rise most among 43 Nifty50 gainers; ICICI Bank, Axis Bank, Asian Paints top losers
Here's a list of top gainers and losers in the 50-blue-chip basket:
| Index | Jan 24 close | Change (%) |
| HINDALCO | 566.75 | 4.68 |
| DRREDDY | 5,891.00 | 3.82 |
| INDUSINDBK | 1,495.45 | 3.73 |
| TATASTEEL | 134.9 | 3.69 |
| HCLTECH | 1,576.75 | 3.49 |
| HEROMOTOCO | 4,418.40 | -0.58 |
| ADANIPORTS | 1,123.25 | -1.22 |
| ASIANPAINT | 3,001.95 | -1.73 |
| AXISBANK | 1,059.60 | -2.72 |
| ICICIBANK | 998.3 | -2.99 |
Share Market Today: Broader markets participate in market recovery
NSE's broadest index, Nifty 500 soars 1.3 per cent.
| Index | Jan 24 close | Change (%) |
| NIFTY 500 | 19,451.00 | 1.27 |
| NIFTY MIDCAP 100 | 47,423.40 | 1.83 |
| NIFTY SMALLCAP 100 | 15,332.05 | 1.72 |
Share Market Today: Barring Nifty Private Bank, all of NSE's sectoral indices finish the day in the green; Nifty Media top gainer, soars over 3%
| Index | Jan 24 close | Change (%) |
| NIFTY MEDIA | 2,130.65 | 3.06 |
| NIFTY METAL | 7,708.65 | 2.96 |
| NIFTY OIL & GAS | 10,215.00 | 2.02 |
| NIFTY PSU BANK | 5,922.25 | 1.99 |
| NIFTY FMCG | 55,858.70 | 1.61 |
| NIFTY IT | 37,090.15 | 1.56 |
| NIFTY PHARMA | 17,763.70 | 1.39 |
| NIFTY AUTO | 18,593.70 | 1.27 |
| NIFTY CONSUMER DURABLES | 31,208.80 | 0.96 |
| NIFTY HEALTHCARE INDEX | 11,241.70 | 0.85 |
| NIFTY FINANCIAL SERVICES | 20,206.40 | 0.34 |
| NIFTY REALTY | 818.1 | 0.24 |
| NIFTY BANK | 45,082.40 | 0.15 |
| NIFTY PRIVATE BANK | 23,111.60 | -0.24 |
Share Market Today: Sensex ends 690 pts higher at 71,060, Nifty reclaims 21,450 as market halts two-day losing streak
Both headline indices finish the day around one per cent higher.
The Sensex adds 689.8 points to end at 71,060.3 and the Nifty50 settles at 21,454, up 215.2 points from its previous close.
Nifty50
Sensex
Share Market Today LIVE | Sensex soars over 650 pts, Nifty tests 21,450
Nifty Today LIVE | HDFC Bank, Infosys, Bharti Airtel, RIL among top movers
HDFC Bank, Infosys, Bharti Airtel, RIL and L&T are the top movers in the Nifty baskets at this hour. On the contrary, ICICI Bank, Axis Bank, TCS and Asian Paints 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 | GIFT Nifty first session single-day turnover hits record $22.27 billion
GIFT Nifty recorded a new milestone by scaling an all-time high first session single day trading activity of 5,18,522 contracts with a turnover of around US$ 22.27 billion or Rs 1,85,098 crore on Tuesday (January 23, 2024). The financial index surpassed its prior record of single-day full-session trading turnover of US $16.76 billion on November 28, 2023.
GIFT Nifty commenced full-scale operation on July 3, 2023 and since then trading turnover on NSE International Exchange (NSE IX) has been rising exponentially.
“Since the first day of full-scale operations, GIFT Nifty has witnessed a total cumulative volume of over 10.84 million contracts with total cumulative turnover of US $ 430.06 billion,” said the release by the GIFT IFSC. Read more
Share Market Today LIVE: Canara Bank shares briefly trade in green after Q3 results
Canara Bank shares are down 0.2 per cent for the day at Rs 455.3 apiece on BSE, after briefly making it to green territory minutes after the PSU lender reports its quarterly numbers.
Image: BSEIndia.com
Share Market Today LIVE: Buy Godrej Consumer, Dr Reddy's shares, says Nilesh Jain
Nilesh Jain of Centrum Broking shares two stock recommendations with Zee Business viewers.
Jain suggests buying Godrej Consumer Products shares for targets of Rs 1,180 and Rs 1,200 with a stop loss at Rs 1,141.
He also has a 'buy' recommendation on Dr Reddy's Labs shares for targets of Rs 5,950 and Rs 6,050 with a stop loss at Rs 5,770.
Share Market Today LIVE: Canara Bank Q3 net profit jumps 27% to Rs 3,656 crore, NII growth at 9.5%; shares continue to struggle below flatline
State-run Canara Bank reports a standalone net profit of Rs 3,656.1 crore for the quarter ended December 31, 2023, as against a standalone net profit of Rs 2,881.5 crore for the corresponding period a year ago.
The PSU bank's net interest income, or the difference between interest earned and interest paid, grows 9.5 per cent on a year-on-year basis to Rs 9,417.1 crore, according to a regulatory filing.
Its net interest margin (NIM), a key measure of profitability for lenders, stands at 3.05 per cent for the fiscal third quarter as against 3.03 per cent for the previous three months.
According to Zee Business research, the state-run lender's quarterly net profit was estimated at Rs 3,460 crore and NII at Rs 9,060 crore.
Share Market Today LIVE: Sensex, Nifty50 slip back into the red amid volatile trade
The Sensex has gyrated within a range of 904.9 points, between 70,001.6 and 70,906.5, so far today, as the battle between the bulls and the bears continues for control of the Street.
For the Nifty50, the intraday range broadly stands within the 21,100-21,400 band so far.
Here's how the indices have moved in intraday trade:
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE: Tanla Platforms shares plummet as cloud communication provider's Q3 results fail to excite investors
Tanla Platforms shares fall by Rs 87.8, or 7.7 per cent, to Rs 1,046.6 apiece at the weakest level of the day so far, a day after the technology firm reports financial results for the October-December period.
Here's a summary of Tanla Platforms Q3 FY24 earnings on a consolidated basis:
- Revenue at Rs 1,002.6 crore, down one per cent sequentially
- EBITDA down two per cent on a quarter-on-quarter basis at Rs 192.8 crore
- Margin at 19.2 per cent vs 19.5 per cent in Q2
- Net profit at Rs 140.1 crore as against Rs 142.5 crore in Q2
The company announced an interim dividend of Rs 6 per share with a record date of February 5.
Image: BSEIndia.com
Traders' Diary | Buy, sell or hold strategy on Axis Bank, Pidilite Industries, Havells India, Cyient DLM, ONGC, 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 Wednesday, January 24. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Cyient DLM shares in the cash segment for a target of Rs 670 with a stop loss at Rs 640
- Buy Indus Towers futures for a target of Rs 230 with a stop loss at Rs 215
- Buy the Rs 1,080 put option of Axis Bank at Rs 24.2 for a target of Rs 38 with a stop loss at Rs 18
- Technical pick: Sell Bank of Baroda (BoB) shares for a target price of Rs 218 with a stop loss at Rs 227
- Fundamental pick: Buy Bharti Airtel shares for a one-year target of Rs 1,400
- Investment idea: Buy Cipla shares for a one-year target of Rs 1,700
- News-based pick: Buy Lupin shares for a target of Rs 1,470 with a stop loss at Rs 1,415. Read more
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 21,075-21,200 levels and a strong buy zone at 20,900-21,000 levels on Wednesday, January 24. For the Nifty Bank, he expects support to come in at 44,775-44,900 levels and a strong base at 44,475-44,625 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends