Share Market HIGHLIGHTS: Nifty50 reclaims 21,600 as Dalal Street continues to rise for 2nd straight day
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex continued to rise for a second straight session on Wednesday, January 10, led by buying interest in financial and oil & gas stocks though selling pressure in FMCG scrips limited the upside. Globally, equities held steady, with Japanese stocks touching a 34-year peak, ahead of a key inflation reading from the world's largest economy due on Thursday.
Catch all the highlights of the day 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 continued to rise for a second straight session on Wednesday, January 10, led by buying interest in financial and oil & gas stocks though selling pressure in FMCG scrips limited the upside. Globally, equities held steady, with Japanese stocks touching a 34-year peak, ahead of a key inflation reading from the world's largest economy due on Thursday.
Catch all the highlights of the day 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 10 session on Dalal Street
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Share Market Today | HCL Tech, ICICI Bank, Tata Motors, Wipro top Sensex gainers; NTPC, PowerGrid top losers
Image: BSEIndia.com
Share Market Today | Broader indices Nifty Midcap 100, Nifty Midcap 100 end on a mixed note
While the Nifty Midcap ends 0.3 per cent higher, its smallcap counterpart declines 0.2 per cent for the day.
The Nifty 500, the broadest index on NSE, closes with a gain of 0.3 per cent.
Share Market Today | Nifty Media, Nifty Metal, Nifty Consumer Durables top gainers among NSE's sectoral indices; Nifty FMCG top laggard, down 0.4%
| Index | Jan 10 close | Change (%) |
| NIFTY MEDIA | 2,470.65 | 3.47 |
| NIFTY METAL | 7,882.65 | 0.95 |
| NIFTY CONSUMER DURABLES | 31,520.00 | 0.66 |
| NIFTY IT | 34,834.35 | 0.5 |
| NIFTY HEALTHCARE INDEX | 10,985.40 | 0.41 |
| NIFTY PRIVATE BANK | 24,476.35 | 0.33 |
| NIFTY PHARMA | 17,401.90 | 0.32 |
| NIFTY BANK | 47,360.85 | 0.25 |
| NIFTY AUTO | 18,559.10 | 0.21 |
| NIFTY FINANCIAL SERVICES | 21,224.30 | 0.13 |
| NIFTY OIL & GAS | 9,731.65 | 0.01 |
| NIFTY REALTY | 865.8 | -0.11 |
| NIFTY PSU BANK | 5,667.40 | -0.26 |
| NIFTY FMCG | 56,348.95 | -0.4 |
Closing Bell | Sensex up 271.5 pts, Nifty at 21,619 led by financial, oil & gas, metal shares
Both headline indices finish the day about one third of a percentage point stronger. The Sensex ends 271.5 points higher at 71,657.7 and the Nifty50 settles at 21,618.7, up 73.9 points from its previous close.
Nifty50
Sensex
Image: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Puravankara shares hit 52-week high as Street cheers strong Q3 business update by Bengaluru-based property developer
Puravankara (PURVA) shares zoom on Wednesday after the Bengaluru-headquartered real estate development company said its sales bookings grew 56 per cent on a year-on-year basis to Rs 1,241 crore for the quarter ended December 2023, driven by strong volumes in the housing segment. The stock jumps by as much as Rs 22.8, or 10.3 per cent, to a 52-week high of Rs 243.9 apiece on BSE. Read more
Share Market Today LIVE | Tanla shares zoom; here is the latest trigger
Tanla Platforms (TANLA) shares jump on Wednesday after the Cloud communication provider said it had entered a commercial agreement with a bank in India for its digital platform, Wisely ATP. The stock gains by Rs 111, or 10.2 per cent, at the strongest level in intraday trade to Rs 1,198 apiece on BSE. Read more
Nifty Today LIVE | Infosys, NTPC, L&T among top drags in 50-scrip basket
Infosys, NTPC, L&T and Axis Bank are among the top drags in the Nifty baskets at this hour. On the contrary, ICICI Bank, RIL, HDFC Bank and HCL Tech are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Goldman Sachs expects Nifty50 to top 23,500 in 2024; here is why
Goldman Sachs, a global investment banking, securities, and investment management firm, is bullish on the Indian stock market and has raised its target on Nifty50 for the calendar year 2024. The investment bank sees Nifty50 touching the 23,500 mark this year.
As per Zee Business research, the revision in the target price comes just two months after it set a target of 21,800. The new price target implies an upside potential of approximately more than 9 per cent for the index from the current levels. Read more
Share Market Today LIVE | Nifty slips below 21,500, Sensex trades over 150 pts lower
Share Market Today LIVE | Seamec hits a 52-week high after firm inks deal with Egyptian firm to bring 'Sea Diamond' to Mumbai
Seamec shares hit a fresh 52-week high of Rs 1,165 on BSE after the diving support vessel firm inked a deal with M/s. Ships & Boats Oil Services to bring Sea Diamond from Alexandria to Mumbai. The stock of the company trades up by 4.2 per cent, or Rs 47, at Rs 1,165 on BSE.
Why Seamec is in focus?
Seamec has signed a deal with M/s. Ships & Boats Oil Services to bring Sea Diamond from Alexandria, Egypt, to Mumbai anchorage. Read more
Pick of the Day | Cipla, IDFC First Bank among other analysts' recommendation
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Vishvesh Chauhan, Ambareesh Baliga Rakesh Bansal, Kunal Saraogi and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day. On the analysts' 'buy' list are stocks such as Cipla, Granules India, Radico Khaitan and Star Health. Read more
Share Market Today LIVE | What brokerages make of Bharti Airtel, GCPL, SBI Life, HDFC Life, Persistent Systems, ICICI Lombard other stocks today
Here's what Goldman Sachs, BofA, CLSA, Jefferies and HSBC make of stocks such as Bharti Airtel, Bajaj Finserv, Cyient, Persistent Systems, SBI Life, HDFC Life, Godrej Consumer Products Limited (GCPL) and ICICI Lombard:
SBI Life, HDFC Life
Two brokerages, HSBC and Goldman Sachs have a call on SBI Life with a target of Rs 1,669 and Rs 1,750, respectively.
HDFC Life
Both HSBC and Goldman Sachs have a 'buy' call on HDFC Life with the same target of Rs 800.
ICICI Predentiual
HSBC has a 'buy' call on ICICI Prudential Life Insurance with a target of Rs 660. Goldman Sachs has a 'neutral' rating on the stock with a target of Rs 570.
ICICI Lombard
HSBC has a 'buy' call on ICICI Lombard General Insurance with a target of Rs 1,631. Golman Sachs has a 'neutral' rating on the stock with a target of Rs 1,475.
Bajaj Finserv
Goldman Sachs has recommended selling the shares of Bajaj Finserv with a target price of Rs 1,480.
Bharti Airtel
BofA has a 'neutral' rating on Bharti Airtel with a target of Rs 1,145.
Indus Towers
BofA has a 'buy' call on Indus Towers with a target of Rs 270. Read more
Share Market Today LIVE | Polycab India shares jump after cable and wire manufacturer denies tax evasion reports
Polycab India shares trade nearly two per cent higher at Rs 4,958.2 on BSE after the cables and wires manufacturer denied reports that suggested that the firm was involved in tax evasion.
In a statement post-market hours on Tuesday, Polycab India said it "denies any rumours of tax evasion by the Company circulating in media". It also said it had not received any information from the Income Tax Department regarding the results of the search. Read more
Share Market Today LIVE | Manappuram Finance stock under pressure as Sebi temporarily suspends arm Asirvad Micro Finance's IPO
Manappuram Finance's shares trade 5.32 per cent lower at Rs 167.15 on BSE after capital markets regulator Sebi temporarily suspended the initial public offering (IPO) of its arm, Asirvad Micro Finance. The size of the IPO proposed was Rs 1,500 crore.The market capitalisation of the company stands at Rs 14,165.09 crore. Read more