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Market Highlights: Sensex ends 300 points and Nifty 50 at 17,950 amid gains in financial and IT shares
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Market Highlights: Sensex ends 300 points and Nifty 50 at 17,950 amid gains in financial and IT shares
Jan 12, 2023 10:54 PM

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Jan 13, 2023 3:45 PM

Market at Close | Sensex and Nifty 50 snaps 3-day losing streak

-- Sharp recovery in IT and financials shares led the headline indices higher.

-- Titan continues its losing trend following third quarter updates, closes at a five-month low.

-- Adani Ent snaps losing trend, closes with a gain of two percent, Adani Ports rises too.

-- Metal stocks too see a move higher on improved demand, Tata Steel top gainer.

-- Infosys and HCL Tech see a sharp recovery from lows following strong December quarter earnings.

-- MCX surges nearly seven percent on Sebi’s rule w.r.t multiple commodity contracts.

-- L&T Tech slides five percent on concerns related to SWC acquisition.

-- Gujarat Gas amongst top midcap losers following brokerage downgrade.

-- Shriram Fin falls over two percent after more than two percent equity changes hands.

-- Market breadth favours advances, advance-decline ratio at 3:2

Jan 13, 2023 3:39 PM

Rupee Check | Rupee ends 22 paise higher at 81.33 vs dollar

Jan 13, 2023 3:36 PM

Stock Market Updates | kushbohra.com's Kush Bohra's view on HCL Tech

"Lot of stocks are rebounding, and this could perhaps be one of the leaders in the pack. And why would you want to sell a winning bet, right. So hold on. So Rs 1,200 is the target, if at all, he wants to place a stop loss, it will be a lovely trailing stop loss at Rs 975. Even if the stock falls to those levels the investor will still exist in a profit. But I don't see the probability of that happening in the near future. So very clear hold on to the stock Rs 1,200 is where we look at the stock moving to."

Jan 13, 2023 3:19 PM

Nifty 50 | Nifty 50 is up 0.5%

-- Nifty 50 is trading at 17,942.4

-- Eicher Motors, IndusInd Bank, Tata Steel, Adani Enterprises and Infosys are the top gainers, up 1.5 to two percent.

-- Titan, Apollo Hospitals, L&T, Nestle and Wipro are top losers, down 0.4 to 1.3 percent.

Jan 13, 2023 3:10 PM

Stock Market News | Mahindra Life buys 4.25-acre land in South Bengaluru

Company sees gross development value at Rs 400 crore.

Jan 13, 2023 2:53 PM

Stock Market News | Heritage Foods rights issue to open on January 30, record date fixed ten days prior

The rights issue will close on February 13, with the last day for on-market renunciation of rights entitlements being February 8. (Read more)

Jan 13, 2023 2:47 PM

Gold hits record high of Rs 56,245

Domestic gold prices were up on Friday, supported by a weaker dollar and expectations of slower interest rate hikes by the US Federal Reserve.

Jan 13, 2023 2:34 PM

Stock Market News | Shares of key Volkswagen supplier drop after carmaker reports lowest deliveries in a decade

Shares of auto ancillaries company Samvardhana Motherson International Ltd. dropped over 4 percent before recovering from the lows, after German carmaker Volkswagen Group’s deliveries fell to the lowest in over a decade, according to reports. (Read more)

Jan 13, 2023 2:29 PM

Stock Market News | JPMorgan India expects further weakness in IT stocks, earnings downgrade

Sanjay Mookim, Strategist and Head of India Equity Research at JPMorgan India sees further weakness for IT stocks as there could be earnings downgrades going forward. He also mentioned that he doesn't see any earnings upgrades in the medium term. (Read more)

Jan 13, 2023 2:15 PM

Stock Market Update | Buy HDFC Life, Grasim: Prakash Gaba

Here are two recommendations by Prakash Gaba, Technical Analyst, prakashgaba.com

-- Buy HDFC Life for a target of Rs 615 with a stop loss at Rs 600

-- Buy Grasim for a target of Rs 1,700 with a stop loss at Rs 1,660

Jan 13, 2023 2:13 PM

Stock Market Update | Anup Engineering Q3 Net Profit Doubles

- Net profit at Rs 13.8 crore from Rs 6 crore last year

- Consolidated revenue at Rs 114 crore from Rs 47.2 crore

- Consolidated EBITDA at Rs 22.7 crore from Rs 11 crore

- EBITDA margin at 48.4 percent from 23.3 percent

- Shares are trading 1.3 percent higher at Rs 973.

Jan 13, 2023 2:10 PM

Stock Market Update | Marine Electricals Wins Order

- Order worth Rs 16.97 crore received from Garden Reach Shipbuilders

- Delivery of goods shall be made over a period of two years.

- Shares are trading 4 percent higher at Rs 38.20

Jan 13, 2023 1:52 PM

Stock Market News | Cyient bets on aerospace, defence companies for the next growth push

Cyient reported a strong performance in the December quarter with revenue growth at 12.7 percent compared to the September period. The EBIT margin expanded to 13.2 percent from 10.1 percent. Order intake in the services business grew 83 percent quarter-on-quarter to $237.1 million. (Read more)

Jan 13, 2023 1:43 PM

HDFC Bank Q3 Preview | HDFC to report December quarter earning on Jan 14

Here's what the CNBC-TV18 poll suggests:

  CNBC-TV18 Poll Q3FY22
Profit (Rs crore) 12,106.8 10,342.2
NII (Rs crore) 22,307.2 18,443.5

Jan 13, 2023 1:36 PM

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