KEY HIGHLIGHTS
Economic Data Releases And Events For Jan 14 & 15
US: NFB Small Business Index — 4:30 p.m.
US: PPI & Core PPI — 7:00 p.m.
US: Federal Reserve Bank of Kansas City President Jeffrey Schmid will speak at the Central Exchange at the Kansas City Federal Reserve Bank. Audience questions expected — 8:30 p.m.
US: Federal Budget Balance — 12:30 a.m.
US: New York Fed President John Williams will deliver opening remarks at an event hosted by the Federal Reserve Bank of New York — 1:35 a.m.
US Futures Rise Before PPI Data
As of 3:33 p.m., the Dow Jones Industrial Average and S&P 500 futures rose 0.35% and 0.55% higher, respectively. The Nasdaq 100 future was 0.75% higher.
Stock Market Highlights: Nifty, Sensex Log Best Session In Over A Week As HDFC Bank, ICICI Bank Share Prices Lead
The NSE Nifty 50 and BSE Sensex snapped a four-day declining streak on Tuesday, tracking a rise in HDFC Bank Ltd. and ICICI Bank Ltd. The benchmark also posted their best session in over a week.
Adani Enterprises Ltd. and Adani Ports And Special Economic Zone Ltd. were top gainers in the Nifty 50 index on Tuesday.
The Nifty 50 ended 121.65 points or 0.53% higher at 23,207.60, and the Sensex ended 169.62 points or 0.22% higher at 76,499.63.
During the session, the Nifty 50 rose 0.78% to the day's high of 23,264.95. The Sensex rose 0.66% to 76,835.61.
Public-sector bank stocks rally at the last hour of the trade on Tuesday after Bloomberg reported that India may allow five state-run banks to do qualified institutional placements.
Meanwhile, investors also assed wholesale price inflation data. The wholesale price index rose to 2.37% in December 2024 from 1.89% in the preceding month. Price price pressure in commodities across the globe caused the uptick in WPI.
"After a relentless sell-off in the past couple of days; some relief was seen in today's trade as Indian equities started the session on a positive note. However, due to a lack of follow-through, the market remained rangebound and eventually settled at 23,176.05 with modest gains 90.10 points. Among sectors, PSU Banks and Metals were the top performers, while FMCG and IT were the only losers. The broader markets showed strong recovery, with Mid and Small Caps soaring by 2.45% and 1.98% respectively, outshining the benchmark index. On the daily chart, the Index has formed a Gravestone Doji alongside a Bullish Harami candlestick, combined with a probable bullish divergence in the RSI. However, to validate the reversal, a firm close above 23,360 is required. Immediate resistance is at 23,300, while the psychological level of 23,000 will act as strong support," said Aditya Gaggar, director, Progressive Shares.
HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, NTPC Ltd., and Bajaj Finance Ltd. added to the Nifty 50 index.
HCLTech Ltd., Infosys Ltd., Hindustan Unilever Ltd., Tata Consultancy Services Ltd., and Titan Co. Ltd. weighed on the Nifty 50 index.
On NSE, 10 sectors advanced, and two declined out of 12. The NSE Nifty PSU Bank rose the most, and the NSE Nifty IT declined the most.
Broader markets outperformed. BSE Midcap closed 2.1% up and BSE Smallcap ended 1.7% higher.
Four of 21 sectoral indices fell and remaining rose. BSE Utilities and BSE Power rose the most.
Market breadth was skewed in the favour of buyers. As many as 2,881 stocks rose, 1,087 fell, and 105 remained unchanged on the BSE.
Rupee Ends At Record Closing Low
Rupee weakened by eight paise to close at 86.65 against the US dollar. It closed at 86.58 on Monday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 and BSE Sensex snapped a four-day declining session.
The Nifty 50 and Sensex has the best session in over a week.
Adani Enterprises Ltd. and Adani Ports And Special Economic Zone Ltd. were top leaders in the Nifty 50 index.
HCLTech Ltd. and Hindustan Unilever Ltd. were top losers in the Nifty 50 index.
The NSE Nifty Midcap 150 ended 2.18% higher at 19,883.35
The NSE Nifty Smallcap 250 ended 1.63% higher at 16,422.75.
Public-Sector Bank Stocks Rise At The Last Hour Of Trade
Public-sector bank stocks rally at the last hour of the trade on Tuesday after Bloomberg reported that India may allow five state-run banks to do qualified institutional placements.
Stock Market Live Updates: Hyundai Motor India To Launch Creta Electric On Jan 17
Hyundai Motor India Ltd. is set to launch the Hyundai CRETA Electric on January 17, according to an exchange filing.
Rupee Weakens To Fresh Record Low Against US Dollar
Rupee weakened by 15 paise to a record low of 86.70 against the US Dollar. The currency trades at 86.61 against the greenback.
Rupee weakens as much as 73 paise in 2 days. It closed at 86.58 on Monday, according to data on Bloomberg.
European Market Update: Stocks Rebound From Monday's Decline
Share indices across most countries in the eurozone rebounded from Monday's decline as traders keep a close on bond yields. On Monday, markets logged losses as bond yields in core economies of Europe rose and dollar index strengthens.
The Euro stoxx 50 was 0.94% higher while CAC 40 was 1.10% up. IBEX 35, Spain's benchmark index was 0.66% higher as of 1:58 p.m.
Stock Market Live Update: Awfis Space Adds Capacity In Lucknow
Awfis Space Solutions Ltd. has launched a 47,694 square feet center in Lucknow, according to an exchange filing.
Stock Market Today: Adani Commodities Sells Stake In Adani Wilmar
Adani Commodities has sold a 13.52% stake in Adani Wilmar Ltd. via an Offer for Sale, reducing the stake held by the promoter and promoter group to 74.36%, according to an exchange filing.
Rupee Weakens To Fresh Record Low Against US Dollar
Rupee weakened by 3 paise to a record low of 86.61 against the US Dollar.
It closed at 86.58 on Monday.
Source: Bloomberg
Business Update For Q3: Container Corp
Container Corp of India reported a 11.6% increase in total volume for Q3, reaching 1.28 million Twenty Foot Equivalent Units compared to 1.15 million TEUs in the same period last year, according to an exchange filing.
Goa Carbon Temporarily Shuts Down Ops At Chhattisgarh Unit
Goa Carbon has temporarily shut down operations at its Bilaspur unit in Chhattisgarh for urgent maintenance work, according to an exchange filing.
Stock Market Today: Tembo Global Industries Announces Its Defense Unit To Sign MoU Maharashtra
Tembo Global Industries announced that its Tembo Defence Products will sign an MoU with the Maharashtra Government at the World Economic Forum in Davos, according to an exchange filing.
Stock Market Live Updates: Fischer Medical Gets CDSCO License To
Fischer Medical has received a CDSCO license to manufacture MRI systems, according to an exchange filing. CDSCO stands for the Central Drugs Standard Control Organisation.
Stock Market Today: 5paisa Capital Appoints New CEO
5paisa Capital Ltd. has appointed Gaurav Seth as its new CEO, according to an exchange filing.
Banks Expect RBI To Start Open Market Operations To Manage Liquidity
Open market operations to afford more flexibility than variable rate repo auctions
Bankers expect open market operations, buy-sell swap currency swaps to be primary liquidity tools
RBI had moved to VRR auctions as primary liquidity management tool in Feb 2022
Liquidity currently in deficit mode
Liquidity deficit at Rs 2.50 lakh crore
Stock Market Live Updates: Angel One Concall Highlights
Will wait for one or two quarters before hiking prices if needed
Customers who were trading fewer lots might move to cash markets where higher charges could benefit revenues
Expect impact of lower F&O volumes to start normalizing after one or two quarters
December saw the highest ever number of new SIP registrations at 9 lakh
Stock Market Today: JSW Energy Share Price Snaps Eight-Session Fall
JSW Energy shares snapped an eight-session losing streak and bounced back on Tuesday, after the committee of creditors approved its resolution plan for KSK Mahanadi Power Co.
Stock Market Live Updates: ICICI Securities Initiates Coverage On PFC, REC
ICICI Securities initiated coverage on Power Finance Corp, REC Ltd. with Buy rating.
PFC: 550 (+36%)
REC: 600 (+32%)
Paradigm shift, favouring renewables and with it tide of capex
Individually command ~20% market share each in financing the power sector
At a vantage to ride this energy transition tide
Value PFC at 1.3x FY26E BV with a 25% discount for REC stake
Value REC at 1.7x FY26E BV
Stock Market Today: Tata Communication Strengthens Partnership With JLR
Tata Communications Ltd. has strengthened its partnership with Jaguar Land Rover to deliver smarter, data-driven connected cars, with JLR set to supercharge next-generation vehicle connectivity through Tata Communications MOVE, according to an exchange filing.
Quadrant Future Tek Shares List At Premium Of 27.6% On NSE
Quadrant Future Tek listed at Rs 374 on BSE compared to issue price of Rs 290. It debuted at a premium of 28.9% on BSE.
Quadrant Future Tek shares were listed at a Rs 370 on NSE compared to issue price of Rs 290 apiece. It listed at a premium of 27.6% on NSE.
Bank Stocks Advance
All bank stocks in the NSE Nifty Bank were trading in green. IndusInd Bank Ltd. was leading the gains. IDFC First Bank Ltd., and Canara Bank Ltd. followed the lead.
ICICI Bank Ltd. rose the least.
Yield On The 10-Year Bond Flat
The yield on the India's 10-year government bond was trading flat at 6.85% as of 09:45 a.m. The yield on the 10-year bond opened flat at 6.84%. It closed at 6.85% on Monday, according to data on Bloomberg
Stock Market Today: Mahanagar Gas Share Price Gains Over 4%
Mahanagar Gas Ltd. rose 4.53% to the day's high of Rs 1,283.25 apiece. The share price rose as the Morgan Stanlay began coverage with an overweight rating on the stock. It was trading 3.86% higher at Rs 1,275.00 apiece as of 9:42 a.m.
Stock Market Live: Most Adani Group Stocks Advance
Adani Power Ltd., Adani Energy Solutions Ltd., Adani Green Energy Ltd were top three gainers among group stocks during open. Adani Wilmar Ltd. was the only loser.
Stock Market Today: Nifty, Sensex Open Higher As HDFC Bank, RIL Share Prices Lead
The NSE Nifty 50 and BSE Sensex opened higher as HDFC Bank Ltd. and Reliance Industries Ltd. share prices lead. As of 9:16 a.m., the Nifty 50 was 113.60 points or 0.49% higher at 23,199.55, and the Sensex was 370.21 points or 0.49% higher at 76,700.22.
For day traders, 23,250/77,000 would act as a trend decider level; below this, the weak sentiment would continue. The market could slip to 22900-22,800/76,000-75,700 levels. On the flip side, the pullback could extend to 23,250-23,350/76,800-77,100. The strategy should be to reduce weak long positions between 23,200-23,300 levels, said Shrikant Chouhan, head equity research, Kotak Securities
HDFC Bank Ltd., Reliance Industries Ltd., State Bank of India, Bharti Airtel Ltd., and NTPC Ltd. added to the Nifty 50 index.
HCLTech Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Hindustan Unilever Ltd., and Tech Mahindra Ltd. limited gains to the Nifty 50 index.
On NSE, 10 sectors advanced, and two declined out of 12. The NSE Nifty PSU Bank advanced the most, and the NSE Nifty IT declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 1.48% and 0.89% higher, respectively.
On BSE, 18 sectors advanced and three declined out of 21. The BSE Utilities rose the most, and the BSE Focused IT declined the most.
Market breadth was skewed in favour of buyers. Around 2,056 stocks advanced, 750 stocks declined, and 115 stocks remained unchanged on BSE.
Rupee Opens Stronger Against US Dollar
Rupee Strengthened 6 paise to open at 86.52 against the dollar. It closed at 86.58 on Monday, according to data on Bloomberg.
Stock Market Live: HCLTech Expands Partnership With Microsoft
HCLTech Ltd. has expanded its partnership with Microsoft to help transform contact centers using generative artificial intelligence and cloud-based solutions, according to an exchange filing.
Stock Market Live Updates: JM Financial On Index Change
Nifty constituent changes due in February, effective 31st March
Potential inclusions: Jio, Zomato
Potential exclusions: BPCL, Brittania
Flows, if inclusions & exclusions play out:
Zomato to see inflow of $620mn, 3.8x avg daily volume
Jiofin to see inflow of $356mn, 6.1x avg daily volume
BPCL to see outflow of $212mn, 10x avg daily volume
Brittania to see outflow of $229mn, 9.8x avg daily volume
Stock Market Live Update: Morgan Stanley Initiates Coverage On Mahanagar Gas
Morgan Stanley initiates coverage on Mahanagar Gas Ltd. with 'Overweight' at Rs 1,606 target, which implied a 25% upside
Mumbai's travel needs key to MGL's value creation
Mumbai vehicle population to rise 13% more by FY30
According to Morgan Stanley said that125 bn + annual miles market to leave untapped market opportunity for MGL
Believe MGL's market position can more than double as CNG takes further share
Every oil to CNG converted vehicle provides 20 years of assured cashflows
Likes MGL's strategy to provide cash incentives for heavy vehicle conversions to CNG
Margins to be lower due to LNG market gas sourcing
Volume growth to be structurally higher
Key Risk: Slower CNG demand on new public transport, higher costs
Stock Market Live Updates: Nuvama On Apar Industries
Initiating Buy with a target price Rs 12,700, which implied a 21% upside
APAR a favored play on India’s T&D capex super-cycle that would spur demand for high value-added/efficient conductors.
Estimate 10–12% volume growth for the conductor’s segment coupled with Rs 40,000 EBITDA/mt by FY27E
The C&W segment shall compound at 25–30% over FY24–27E
Values at 38 times blended PE.
Key risks: Global shocks, highly competitive intensity, adverse working capital management and slowdown in T&D ordering.
Stock Market Live: JM Financial Downgrades Coal India To 'Hold' Vs Buy Earlier
Target price slashed 39.8% to Rs 362 vs Rs 601 earlier
Coal India to reach 1 billion tonnes production by FY30 and not FY27 target
Growing production of low grade coal to impact realisations
Gradually reducing plant load factors of thermal power plants a negative
Higher commercial/ captive mining stands as a direct loss of opportunity
Lack of meaningful impact from new thermal power plants to limit performance momentum
Cut FY25-27 EPS estimates by 9-13%
Expect Coal India to see revenue/EBITDA/PAT CAGR of 4%/ 1%/ -1% over FY24-20
Stock Market Live Update: Bernstein On HCLTech
Maintain market perform with a target price Rs 2,000, which implied a 1% upside.
Delivered a resilient quarter with overall revenue grew
Management commentary was positive; in-line with up-cycle outlook in 2025
Deal wins were at $2.1 billion, on improving trajectory
FY26 growth outlook is to better than FY25 with soft Q4
Valuations are inline with Tata Consultancy Services Ltd. and Infosys Ltd. keeping risk/reward in the balance
Asia Market Update: Most Share Indices Decline
Most share indices in the region were trading lower as concerns regarding monetary condition in the US continued to weigh on sentiment. The Nikkei 225 and KOSPI 1.41% and 0.10% down, respectively as of 7:14 a.m. The S&P ASX 200 was 0.26% higher.
US Market Update: Most Stocks Settle Higher On Rebound Rally
Most share indices on Wall Street ended higher on Monday as a dip-buying fulled a rebound, Bloomberg reported. The Dow Jones Industrial Average and S&P 500 ended 0.86% and 0.16% higher, respectively.
The Nasdaq Composite ended 0.38% down.
GIFT Nifty Near 23,300; Angle One, HCLTech, JSW Energy Share Prices In Focus
The GIFT Nifty was trading above 23,200 in early trade on Tuesday. Angle One Ltd., HCLTech Ltd., and JSW Energy Ltd. share prices are likely to react in today's session because of earnings and news flows.
The GIFT Nifty was trading 15 points or 0.06% higher at 23,293 as of 6:40 a.m.
Indian equities extended their fall for the fourth consecutive day, with financials, energy and realty stocks weighed down. Nifty 50 has seen the worst first nine sessions of a year since 2016.
The NSE Nifty 50 ended 345.55 points or 1.47%, lower at 23,085, while the BSE Sensex lost 1,048.90 points or 1.36%, to close at 76,330.01.
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