Share Market HIGHLIGHTS: Sensex ends 671 pts lower, Nifty gives up 21,550 as D-Street halts two-day winning run; SBI Life, SBI drop 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex snapped a two-day winning run to finish 0.9 per cent lower on Monday, January 8, amid selling pressure in most spaces with financial, FMCG and IT shares being at the forefront of the weakness.
Globally, investors have turned cautious as they braced for US inflation data and a corporate reporting season where robust results are needed to justify high valuations.
Catch all the highlights of the January 8 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 Nifty50 and Sensex snapped a two-day winning run to finish 0.9 per cent lower on Monday, January 8, amid selling pressure in most spaces with financial, FMCG and IT shares being at the forefront of the weakness.
Globally, investors have turned cautious as they braced for US inflation data and a corporate reporting season where robust results are needed to justify high valuations.
Catch all the highlights of the January 8 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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INR vs USD Today | Rupee ends largely unchanged at 83.14 vs dollar
On Friday, the rupee finished the day at 83.15 against the greenback.
Share Market Today | UPL, SBI Life, Mahindra & Mahindra, SBI top Nifty50 losers, finish up to 3.4% weaker
| Stock | Jan 8 close | Change (%) |
| UPL | 561.25 | -3.44 |
| SBILIFE | 1,416.40 | -2.6 |
| M&M | 1,606.10 | -2.19 |
| SBIN | 627.9 | -2.19 |
| TECHM | 1,223.00 | -2.03 |
| DIVISLAB | 3,934.00 | -2.01 |
| TATACONSUM | 1,102.10 | -1.86 |
| LTIM | 5,838.00 | -1.84 |
| ITC | 465.35 | -1.81 |
| BRITANNIA | 5,180.00 | -1.75 |
On the other hand, the stocks that rise the most among the top gainers in the blue-chip basket include ONGC (up 0.6 per cent), NTPC (up 0.5 per cent), NTPC (up 0.5 per cent), Sun Pharma (up 0.5 per cent), Hero MotoCorp (up 0.5 per cent) and BPCL (up 0.4 per cent).
Share Market Today | Nifty PSU Bank plummets 2.5%, worst hit among NSE's sectoral indices
The Nifty FMCG takes the second biggest hit among the bourse's sectoral gauges, settling 1.7 per cent weaker for the day.
| Index | Jan 8 close | Change (%) |
| NIFTY PSU BANK | 5,691.40 | -2.52 |
| NIFTY FMCG | 56,672.85 | -1.72 |
| NIFTY METAL | 7,747.00 | -1.59 |
| NIFTY BANK | 47,450.25 | -1.47 |
| NIFTY PRIVATE BANK | 24,484.45 | -1.44 |
| NIFTY FINANCIAL SERVICES | 21,292.45 | -1.03 |
| NIFTY HEALTHCARE INDEX | 10,824.60 | -1.02 |
| NIFTY IT | 34,514.65 | -0.97 |
| NIFTY PHARMA | 17,195.95 | -0.94 |
| NIFTY CONSUMER DURABLES | 31,268.90 | -0.65 |
| NIFTY OIL & GAS | 9,720.80 | -0.51 |
| NIFTY AUTO | 18,350.20 | -0.31 |
| NIFTY MEDIA | 2,469.90 | 0.08 |
| NIFTY REALTY | 845.45 | 0.13 |
Closing Bell | Sensex ends 671 pts lower, Nifty50 slides to 21,513 as market snaps two-day winning streak
Both headline indices finish the day 0.9 per cent weaker. The Sensex sheds 670.9 points to end at 71,355.2 and the Nifty50 settles at 21,513, down 197.8 points from its previous close.
Nifty50
Sensex
Read more on the closing bell here
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Nifty IT slips nearly 1%
Source: NSE
Share Market LIVE | Nifty slips below 21,550, Sensex trades over 600 pts lower
Mutual fund data | SIP inflows cross Rs 17,000 crore mark for second back-to-back month
Monthly net assets under management (AUM) of the domestic mutual fund industry crossed the Rs 50 lakh crore mark for the first time ever, data from the Association of Mutual Funds in India (AMFI) released on Monday showed. The AUM tally stood at Rs 51,09,071.8 crore in the last month of 2023, according to the mutual fund industry body.
Equity mutual fund inflows came in at Rs 16,997 crore for the month, an increase of 9.4 per cent sequentially, with record inflows in the systematic investment plan (SIP) category, according to AMFI. Read more
Share Market Today LIVE | Nifty Bank falls nearly 400 pts
Source: NSE
Stocks to buy | L&T, Axis Bank, HUL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia and Sandeep Jain share their top stock recommendations in this special segment, Pick of the Week.
On the analysts' 'buy' list are stocks such as Hindustan Copper (HINDCOPPER ), Computer Age Management Services (CAMS), Shipping Corporation of India (SCI), Larsen & Toubro (L&T), Carborundum Universal (CARBORUNIV), Abbott India (ABBOTINDIA ), Hindustan Unilever Limited (HUL) and Apollo Tyres (APOLLOTYRE ). Read more
Share Market Today LIVE | Despite unappealing financials and 33% correction from all-time high, this small-cap firm stock holds promise; here's why
Tasty Bite Eatables is a small-cap company engaged in the manufacturing and selling of prepared foods under the brand name Tasty Bite and Frozen Formed Products (FFP). After notching an all-time high of Rs 21,487 on July 8, 2021, the stock of Tasty Bites has descended by over 33 per cent to Rs 14,330 on January 8, 2024.
Being from the FMCG industry, the company, despite the dismal overall performance, reported an increase in net profit in Q2 FY24 to Rs 11.4 crore from Rs 9.5 crore in the same period last year. Read more
Share Market Today LIVE | Cement stocks trade mixed after CLSA warns of a ‘speed bump’ for sector this year
Cement stocks stages mixed moves on Monday after foreign brokerage CLSA said it expects growth in the sector tapering to mid-single-digits in 2024 though cost tailwinds may further boost profitability. Stocks such as Shree Cement and UltraTech Cement trade up to one per cent higher while Ambuja Cement drops three per cent. Read more
Share Market Today LIVE | Nifty slips below 21,600, Sensex falls nearly 500 pts dragged by financial, FMCG stocks
Share Market Today LIVE | Jindal Stainless, PNB, and BHEL strong contenders to be included in MSCI Standard Index: Nuvama
As of January 4, India's share in the MSCI Emerging Markets Index (EM), an index that captures large and mid-cap representation across 24 emerging market countries, increased to 17.1 per cent and the share is expected to reach 20 per cent by mid-2024, according to Nuvama.
As the global cut-off period for MSCI rejig approaches (February 24), the brokerage has reaffirmed its conviction picks for the MSCI Standard Index. It must be noted that the cut-off date for joining the index is January 18–January 31. The changes will be announced by MSCI on February 13 and released on February 29. Read more
Share Market Today LIVE | Jupiter Wagons jumps by over 3% after firm wins Rs 100 cr order from Indian Railways
Jupiter Wagons trade nearly four per cent higer at Rs 355.7 on BSE after the freight car manufacturer firm won a Rs 100 crore order from Indian Railways.
What is Jupiter Wagons' order?
The company has got the order worth Rs 100 crore from Indian Railways for the manufacturing and supply of 4 rakes of double decker automobile carrier wagons. Read more