13 Feb, 2024 | 04:25:37 PM IST
Sensex Today: Indian equity markets traded higher on Tuesday tracking Asian peers ahead of the announcement of crucial US inflation data today.Sensex was trading above 71,400, rising 400 pts. Meanwhile, Nifty was trading above 21,700 level.
Expert View
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services says, “The dominant trigger pushing the global equity markets up or down this year has been the economic data from the mother market US. This data has not been consistent and, therefore, the markets have been volatile responding to alternate bouts of positive and negative news. The disinflation trend pushed the markets up while data indicating a strong economy and tight labour market pulled the markets down. This see-saw movement appears likely to persist for some more time. The latest negative factor, from the market perspective, is the Fed chief Powell’s comment that “the ultimate level of interest rate is likely to be higher than previously anticipated”. So, markets are pricing in a 50bp rate hike in the next Fed meeting on March 21-22. In the near-term investors may adopt a twin strategy of opting for attractive fixed income returns with incremental investable funds while continuing to buy high quality stocks on market weakness.”
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The domestic market largely recovered from yesterday’s losses, driven by gains in the banking sector. Improved sentiment stemmed from a decline in domestic inflation, which is expected to boost rural demand. Despite this, broader markets continued to underperform compared to frontline indices due to high valuations. However, investors remained cautious ahead of U.S. inflation data, anticipating a moderation, pivotal for the Fed’s interest rate trajectory.
– Vinod Nair, Head of Research, Geojit Financial Services
Info Edge (India) Q3 Results: Cons net profit at Rs 151 cr
- Consol net profit at Rs 151 cr
- Consol revenue from operations at Rs 627 cr
- Consol net loss at Rs 117 cr, revenue from operations at Rs 590 cr
Arvind Fashions Q3 Results: Cons net profit at Rs 51.08 cr
- Consol net profit at Rs 51.08 cr versus Rs 8.09 cr
- Consol revenue from operations at Rs 1125 cr versus Rs 1073 cr
- Demand trends continue to remain soft; improvement expected by q1 fy25
Top gainers & losers in closing trade
Price as on 03:37:51 PM 03:37 PM, Click on company names for their live prices.
Closing Bell: Sensex surges 483 pts, Nifty above 21,700; IRFC soars 17%, Hindalco tanks 12%
Oil prices drift up with focus on Middle East
Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept markets on edge, but gains were capped by concerns that central banks will keep interest rates higher for longer to battle inflation, weighing on energy demand.
Brent futures rose 30 cents to $82.30 a barrel as of 0924 GMT. U.S. West Texas Intermediate (WTI) crude gained 31 cents to $77.23 a barrel.
Oil prices were near flat in Monday’s trade, after gaining 6% last week.
Bombay Burmah Trading Corporation Q3 Results: Cons net profit at Rs 457 cr
- consol net profit at Rs 457 cr versus profit Rs 158 cr
- consol total revenue from operations at Rs 4337 cr versus Rs 4280 cr
Sensex Today | Stock Market LIVE Updates: NTPC says first part capacity of 14 MW out of 40 MW Ayodhya Solar Pv Project of unit is declared on commercial operation
Price as on 03:10:45 PM 03:10 PM, Click on company names for their live prices.
Rajkot-based Gopal Snacks gets Sebi nod for Rs 650-crore IPO
Eicher Motors Q3 Update
Cons Ebitda at Rs 1090 cr vs ETNOW Poll of Rs 1060 cr
Eicher Motors Q3 Results: PAT at Rs 996 cr vs ETNOW poll of Rs 969 cr
Cons revenue at Rs 4179 cr Vs ETNOW poll of Rs 4048 cr
Pakistan’s benchmark share index turns positive, up 0.4%, exchange’s website shows
Pakistan’s benchmark share index turned positive, rising 0.4% after falling more than 2% earlier on Tuesday, according to the stock exchange’s website, after last week’s national election ended with no party winning a majority in parliament.
KIOCL Q3 Results: Co posts net profit of Rs 39 crore
State-owned KIOCL on Tuesday turned profitable with a standalone net profit of Rs 39.03 crore for the quarter ended December 31, 2023, aided by higher revenue. It had incurred a net loss Rs 33.88 crore during October-December period of 2022-23. Total revenue rose to Rs 561.16 crore in the third quarter of FY24 from Rs 307.11 crore a year ago, according to an exchange filing by the company. Expenses stood at Rs 524.20 crore as against Rs 340.99 crore in the third quarter of last fiscal.
KIOCL Ltd, under Ministry of Steel, operates a 3.5 million tonne per annum (MTPA) iron-oxide pellet plant and a blast furnace unit to manufacture 2.16 lakh tonne per annum pig iron at Mangaluru, Karnataka.
Hindalco Industries Q3 Results: Profit jumps 71% YoY to Rs 2,331 crore
Hindalco Industries on Tuesday reported a 71% year-on-year (YoY) growth in its consolidated net profit at Rs 2,331 crore for the quarter ended December 2023. The profit stood at Rs 1,362 crore a year ago.
Revenue from operations in the third quarter fell marginally to Rs 52,808 crore from with Rs 53,151 crore in the same quarter of last year.
Sensex Today | Stock Market LIVE Updates: Inox India Q3 PAT rises
- PAT at Rs 48.6 crore vs Rs 40.69 crore
- Revenue at rs 290 crore vs Rs 244 crore
European shares fall ahead of US data; earnings in focus
European shares fell on Tuesday as investors turned cautious ahead of U.S. consumer price data that is crucial to determine the Federal Reserve’s interest rate trajectory, and also assessed corporate earnings updates from earlier in the day.
The pan-European STOXX 600 index retreated 0.2% from a two-year high, as of 0806 GMT, with rate-sensitive technology shares hitting a one-week low after a 1.3% drop.
Hindalco Q3 Results: PAT at Rs 838 crore vs ETNow poll of Rs 845 crore
Sensex Today | Stock Market LIVE Updates: India Nippon Electricals announces that the co declares interim dividend of Rs. 10.25 per equity share of Rs 5 each
Price as on 01:30:53 PM 01:30 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: MCX commences trading after four hour delay
Price as on 01:04:58 PM 01:04 PM, Click on company names for their live prices.
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– Pankaj Shrestha – Head of Investment Services, at Prabhudas Lilladher Pvt. Ltd
Stock Market LIVE Updates: Vibhor Steel Tubes IPO subscribed over 10 times already on Day 1
Prakash Pipes Q3 Results: Net profit rises
- Net profit at Rs 23.14 cr versus Rs 13.43 cr
- Income from operations at Rs 158 cr versus Rs 172 cr
KIOCL Q3 Results: PAT at Rs 39.03 cr
- pat at Rs 39.03 cr versus loss of Rs 33.88 cr
- names Saumen Das Gupta as CFO
- total revenue at Rs 561 cr versus Rs 307 cr
Nikkei soars, dollar steady ahead of US inflation report
Japanese shares touched a 34-year peak on Tuesday, while the dollar held steady, keeping the yen perilously close to 150 per dollar level ahead of a key U.S. inflation report that could help shape the Federal Reserve’s rates outlook.
Japan’s Nikkei continued to advance, climbing to 38,010 on Tuesday, not far from the record high of 38,957 the benchmark touched on Dec. 29, 1989. The Nikkei has gained more than 13% so far this year, after rising 28% in 2023.
Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour
Price as on 11:56:11 AM 11:56 AM, Click on company names for their live prices.
MCX pushes trading to 1 pm after technical glitch forces shutdown
India’s largest non-agri commodity exchange MCX of the Multi Commodity Exchange of India will resume trading at 1 pm today after encountering a glitch that has forced shutdown of its operations.
In a circular issued by MCX, it said that the trading hours for commodity derivatives segment for February 13, 2024 has been revised from 9 am to 1 pm.
Sensex Today | Stock Market LIVE Updates: Tata Motors’ electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to Rs 120,000 ($1,445.54) to pass on battery price reduction benefits to its customers.
Price as on 11:31:54 AM 11:31 AM, Click on company names for their live prices.
Reliance Industries becomes first Indian stock to cross Rs 20 lakh crore market cap
Shares of Mukesh Ambani-led Reliance Industries (RIL) today become the first listed Indian entity to cross the Rs 20 lakh crore market capitalisation milestone after the stock rallied up to 1.89% to hit fresh 52-week high of Rs 2957.80 on BSE.
Sensex Today | Stock Market LIVE Updates: L&T wins orders worth Rs 1,000 cr to Rs 2,500 cr for HydrocarbonBusiness
Price as on 11:08:26 AM 11:08 AM, Click on company names for their live prices.
Stock Market LIVE Updates: MCX Tech Glitch | Trading likely to resume at 1 pm now
Price as on 11:07:15 AM 11:07 AM, Click on company names for their live prices.
JUST IN | LTIMindtree grooms two insiders for CEO job, sources say
LTIMindtree, India’s No.6 IT services provider by revenue, has identified two internal candidates for the top job as it is unlikely to extend CEO Debashis Chatterjee’s term that is set to end next year, according to two persons familiar with the matter.
Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi are the front-runners for the role as the board prefers to have an insider at the helm of the company, one of the persons said.
Sensex Today | Stock Market LIVE Updates: Sensex surges 470 points
Sensex Today | Stock Market LIVE Updates: JSW Steel and Japan’s JFE Steel will invest 55 billion rupees (around $663 million) in an Indian joint venture to produce grain-oriented electrical steel, JSW said on Tuesday.
Price as on 10:50:13 AM 10:50 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: State-owned gas utility GAIL (India) Ltd and the nation’s largest city gas operator Indraprastha Gas Ltd have walked away with most of the coal seam gas that Reliance Industries Ltd auctioned, sources said.
Price as on 10:41:38 AM 10:41 AM, Click on company names for their live prices.
Stock Market LIVE Updates: Nifty Bank index surges 1%. Check top gainers
Sensex Today | Stock Market LIVE Updates: HFCL Limited bags purchase order worth Rs 141 crores for supply of Unlicensed Band Radios (UBR) and other services from Bharat Sanchar Nigam Limited
Price as on 10:31:19 AM 10:31 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Ashok Leyland says invested GBP 50.7 million in Optare PLC. Uk
Price as on 10:19:54 AM 10:19 AM, Click on company names for their live prices.
JUST IN | MCX to now resume trading at 11 am due to technical issues: Reports
Stock Market LIVE Updates | EARNINGS IMPACT: SAIL traded over 5% lower after the company posted a drop in third-quarter profit as higher imports dented sales volume.
Price as on 09:55:02 AM 09:55 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Coal India on Monday reported 17% growth in its consolidated net profit at Rs 9,069 crore in the quarter ended December.
Price as on 09:46:03 AM 09:46 AM, Click on company names for their live prices.
Paytm shares today fell up to 8.7% to day’s low at Rs 385.75 on BSE after global broking firm Macquarie downgraded the troubled fintech to underperform from neutral call with a reduced target price of Rs 275 saying that the Vijay Shekhar Sharma-led company is facing a serious risk of customer exodus which significantly jeopardises its monetisation and business model.
Price as on 09:43:48 AM 09:43 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS WATCH: Shares of Hindalco, ZEE, and Eicher Motors will be in focus today as the companies will announce their third quarter results.
Price as on 09:22:26 AM 09:22 AM, Click on company names for their live prices.
Rupee turns flat at 83.00 against US dollar in early trade.
Sensex Today | Stock Market LIVE Updates: SAIL, NHPC among most active stocks in morning trade
Price as on 09:20:39 AM 09:20 AM, Click on company names for their live prices.
Opening Bell: Sensex climbs 200 pts, Nifty above 21,650; Coal India rises 3%, Paytm tanks 8%
JUST IN | Due to technical issue today MCX market will tentatively open at 10 am instead of 9 am
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 200 points; Nifty above 21,675
Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities
In yesterday’s trading, the Nifty faced substantial selling pressure despite a higher open, signalling bearish sentiment. Sellers remained assertive at lower levels, overshadowing positive aspects like FIIs buying Rs. 127 crore and DIIs Rs. 1722 crore. Technically, Nifty’s major support is at 21517, with hurdles at 21951. Options data indicates a 21500-22500 trading range, highlighting 22000 as a crucial resistance and 21000 as a significant support. Caution is advised until Nifty surpasses 21951 hurdles. The Volatility Index surged to 16.06. India’s CPI inflation eased to 5.1% in January. Caution is advised before US CPI data at 7 PM IST. Q3 earnings include BOSCH, BHEL, SIEMENS, ZEE ENTERTAINMENT, among others. Preferred trades: Buy Nifty (21616) with targets at 21807/22011, and Bank Nifty (44882) if above 45749 with targets at 46181/46893. Bullish on COFORGE, SIEMENS, and LTTS intraday with an inter-week perspective. Recommended stock: Buy ZOMATO (CMP 153) with targets at 169/187, aggressive targets at 201, and a stop loss below 93, holding for 12-15 months.
Sensex Today | Stock Market LIVE Updates: Gold trades in tight range ahead of key US inflation data
Gold prices were stuck in a tight range on Tuesday as investors refrained from making big bets ahead of a U.S. inflation report that could give fresh perspective on how soon, and by how much, the Federal Reserve could cut interest rates this year.
Sensex Today | Stock Market LIVE Updates: Dollar nears 150 yen ahead of US inflation test
The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead of a key reading on U.S. inflation due later in the day, while bitcoin hovered around the $50,000 mark for a second day running.
Sensex Today | Stock Market LIVE Updates: Asia stocks nudge higher, dollar steady ahead of US inflation report
Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve’s rates outlook and determine the timing of interest rate cuts.
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher
Tokyo stocks opened higher on Tuesday after a long weekend following gains on Wall Street.The benchmark Nikkei 225 index was up 0.99 percent, or 365.64 points, at 37,263.06 in early trade, while the broader Topix index added 0.88 percent, or 22.46 points, to 2,580.34.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 45 points, or 0.21 per cent, at 21,737.50, signaling that Dalal Street was headed for positive start on Tuesday.
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Hindalco, ZEE, Eicher Motors and a slew of other companies will announce their third quarter results today.
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty may remain on sell-on-rise mode
Nifty ended 166 points lower to close below the 20-DMA and form a lower top on the daily chart which signalled diminishing bullish sentiment. A long bear candle was seen on the charts
Sensex Today | Stock Market LIVE Updates: Rupee rises 7 paise to close at 83 against US dollar as FIIs turn net buyers
The rupee appreciated 7 paise to close at 83.00 against the US dollar on Monday on a weak greenback in overseas markets and easing crude oil prices.
Sensex Today | Stock Market LIVE Updates: Nasdaq slips from near all-time high, Dow up modestly ahead of inflation data
The Nasdaq slipped on Monday afternoon after briefly surpassing its record closing high from November 2021, while the Dow rose modestly ahead of two U.S. inflation reports this week that could influence Federal Reserve policy.
Sensex Today | Stock Market LIVE Updates: Oil prices near flat as demand worries offset Middle East risk
Oil prices were little changed on Tuesday for a second straight day as uncertainty about the pace of potential U.S. interest rate cuts and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply.
