Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices concluded Monday’s session broadly higher with Sensex closing the day above 60,700 and Nifty above 18,100. Both indices after opening in green pared some gains in the intraday trade. The BSE Sensex rose 846.94 points or 1.41% ending at 60,747.31 and NSE Nifty 50 advanced 241.75 points or 1.35% to 18,101.20. Mahindra & Mahindra, HCL Tech and TCS were the top gainers of Nifty while Titan, Bajaj Finserv and Bajaj Auto were the top laggards. Sectorally, Bank Nifty rose 0.93%, Nifty IT rose 2.83% while Nifty consumer durables fell 0.46%.
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15:46 (IST) 9 Jan 2023 Nifty IT rises over 2%; Bank Nifty up nearly 1%
Sectorally, Bank Nifty rose 0.93%, Nifty IT rose 2.83% while Nifty consumer durables fell 0.46%.
15:41 (IST) 9 Jan 2023 Top gainers/losers
Mahindra & Mahindra, HCL Tech and TCS were the top gainers of Nifty while Titan, Bajaj Finserv and Bajaj Auto were the top laggards.
15:40 (IST) 9 Jan 2023 Markets at close
The BSE Sensex rose 846.94 points or 1.41% ending at 60,747.31 and NSE Nifty 50 advanced 241.75 points or 1.35% to 18,101.20.
14:59 (IST) 9 Jan 2023 Factors fueling today’s rally
“Markets rallied on the back of positive investors’ sentiments globally as jobs and service data outcome in the US helped in comforting rate hike worries. Further, Q3FY23 earning season is about to begin and there are expectations that revenue and margins will see improvement driven by rising demand, product mix coupled with easing raw material prices & price hikes. Also, healthy buying in IT ahead of earnings is aiding the rally.”
– Nirvi Ashar, Fundamental Analyst, Religare Broking
14:36 (IST) 9 Jan 2023 52-week high/low
138 stocks rose to hit fresh 52-week highs on BSE Sensex while 35 stocks fell to their 52-week lows. On the NSE Nifty, 41 stocks hit their 52-week highs while 22 stocks touched 52-week lows.
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14:19 (IST) 9 Jan 2023 Earning reports, Union budget announcement to dictate markets in medium-term
“From a medium-term perspective, we believe the market will continue to remain volatile. The market direction will be determined by the upcoming result season, where we could see the first signs of earnings momentum weakening and the announcement of the Union budget, scheduled on 1st February 2023.” – Naveen Kulkarni, Chief Investment Officer, Axis Securities.
14:14 (IST) 9 Jan 2023 US Fed comments, Q3 corporate earnings, China HK border control reasons behind today’s green opening
“Indian markets have opened in the green today on the back of a rally in the global equity markets due to various factors. This includes softer-than-expected wage growth in the US and commentary by Fed’s Evans on Friday, where he expects a slower rate increase by the US Fed, including a possibly 25 bps increase in the upcoming policy meeting. Additionally, further opening by both HK and China from the remaining Covid-related border controls, and kick-off in Q3 corporate earnings, where TCS is all set to announce their results today, are some of the other reasons for a green opening.”- Naveen Kulkarni, Chief Investment Officer, Axis Securities.
13:56 (IST) 9 Jan 2023 Sensex, Nifty pare early gains
Equity indices pared early gains with NSE Nifty slipping below 18,100 and BSE Sensex below 60,500. The Nifty was trading 169.30 points or 0.95% higher at 18,028.75 after touching an intraday high of 18,141.40. The Sensex was trading 502.37 or 0.84% higher at 60,402.74.
13:35 (IST) 9 Jan 2023 Gold, silver futures rise over half a percent
Gold contracts for February delivery traded higher by Rs 367 or 0.66% at Rs 56,110 per 10 grams in a business turnover of 13,348 lots and silver contracts for March delivery gained Rs 400 or 0.58% to Rs 69,555 per kg in 20,299 lots on MCX. Analysts said that fresh positions built up by participants led to the rise in gold prices.
13:04 (IST) 9 Jan 2023 Titan shares fall over 2%
Titan shares fell 2.6% to Rs 2470.70 on Monday after the quarterly results failed to meet analysts’ expectations. The company recorded 12% growth in its standalone business in the December quarter. The watches and wearable division grew 14% on-year during the quarter led by new product launches. The fragrances and Fashion Accessories business grew by 39%. CaratLane grew 50% from last year.
12:49 (IST) 9 Jan 2023 Bank Nifty surpasses 42,650 mark; Nifty IT up over 2%
Bank Nifty surged 434 points or 1.03% to 42,622.85 and Nifty IT rose 711.15 or 2.54% to 28,667.60.
11:43 (IST) 9 Jan 2023 TCS shares rise over 3% ahead of Q3 results announcement
Tata Consultancy Services (TCS) shares rose over 3% to Rs 3309.00 ahead of Q3 results announcement. Company’s consolidated revenue is likely to grow 16.4% on-year, while consolidated profit after tax (PAT) is expected to increase 15.1% on-year, according to brokerages. Among key things to watch out for will also be TCS’ third interim dividend announcement.
11:36 (IST) 9 Jan 2023 Sensex above 60,800
Following the positive trend in global markets, domestic indices surged over 1.5%. The 30-share BSE Sensex rose 920.61 points or 1.54% to 60,820.98 and NSE Nifty advanced 271.20 points or 1.52% to 18,130.65.
11:19 (IST) 9 Jan 2023 Bank Nifty crosses 42,500
The indices gained rapidly in trade today, and banking stocks index Bank Nifty followed suit, rising over 350 points to reclaim the 42,500 level, touching an intraday high of 42,586.
10:56 (IST) 9 Jan 2023 Nifty above 18100, Sensex near 60700
Sensex rose 787.21 points or 1.31% to 60,687.58 and Nifty 50 touched an intraday high of 18,101.20, rising over 1%. The top gainers of the Nifty are Mahindra & Mahindra, Tech Mahindra, Bharti Airtel, TCS and Tata Motors while Titan is the sole loser.
10:49 (IST) 9 Jan 2023 Nifty Bank rises 0.78%
Nifty Bank rose 0.78% to 42,518.15. IndusInd Bank, Federal Bank, Bandhan Bank and Punjab National Bank (PNB) are the top gainers.
10:18 (IST) 9 Jan 2023 Nifty top gainers, losers
As the indices soar in trade on Monday, with the broader markets and sectoral indices following suit, Titan is the only loser on the Nifty 50 index, down 1.72%. On the other hand, TechM, TCS, Tata Motors, HCL Tech and M&M are the top gainers, with TechM adding 3.25% to its share price.
10:15 (IST) 9 Jan 2023 Nifty Outlook
“The turn higher on Friday met liquidation pressure early in the day itself. Yet another attempt higher is likely to be attempted, which seeks a break beyond the 18040/70region before bears become less dominant. Optimistic Scenario sees 18320, but inability to float above 18070 could negate such hopes. While such a scenario will force us to reconsider the 17500-300 views, an outright collapse is less favoured today.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:52 (IST) 9 Jan 2023 Derivative View
“Nifty weekly contract has highest open interest at 18000 for Calls and 18000 for Puts while monthly contracts have highest open interest at 19000 for Calls and 17000 for Puts. Highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 17000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 4.08%, increased future index shorts by 3.81% and in index options by 69.37% in Call longs, 43.41% in Call short, 96.12% in Put longs and 31.64% in Put shorts.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:32 (IST) 9 Jan 2023 Nifty above 18000
After sliding in trade during the previous week, Nifty jumped 150 points to regain the 18,000 level intraday.
09:27 (IST) 9 Jan 2023 Nifty Technical View
“Technically, Nifty’s immediate support is seen at 17,407-17,567 and then major support at its 200-DMA at 17,257 mark. The index would gain strength only after it closes above its biggest hurdle at the 18,463 mark.”
– Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
09:19 (IST) 9 Jan 2023 Markets at open
Domestic equity indices NSE Nifty and BSE Sensex opened in the green amid positive global cues, including the possibility of the US Fed turning less hawkish in 2023. Nifty jumped 100 points to trade at 17,961, while Sensex reclaimed the 60,150 level, rising 0.46% in the morning.
09:13 (IST) 9 Jan 2023 Possibility of Fed turning less hawkish
“The US economic data released on Friday is significant from the global market perspective. All data point to a strong but cooling US economy which indicates the rising possibility of a soft landing for the US economy. The ISM Services data came at 49.6 against the previous figure of 56.5. The December jobs increase was 223,000, the lowest in 2 years. The hourly wage increase slowed to 4.6% against the recent peak of 5.6%. All these point to cooling inflation and the possibility of the Fed going less hawkish in 2023. The market has already started discounting this with the dollar index declining below 104 and the US 10-year bond yield declining by 12bp. All signals are bullish.”
– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
09:09 (IST) 9 Jan 2023 Nifty, Sensex end pre-open in green
Benchmark Indian equities NSE Nifty and BSE Sensex closed higher in the morning’s pre-open session. Nifty gained 93 points to reclaim the 17,950 level while Sensex jumped 246 points or 0.41% higher to settle at 60,147.
08:45 (IST) 9 Jan 2023 Indian equities may see positive opening
“A strong positive opening is on the cards for local equities on Monday after US markets notched up significant gains on Friday. This would bring some respite as markets were extremely volatile to negative last week amid worries of a slowing global economy, higher interest rates, and elevated inflation levels. Focus will now shift to India Inc corporate earnings, with IT majors TCS, Infosys and HCL Tech announcing their numbers this week. Technically, Nifty’s immediate support is seen at 17407-17567 and then major support at its 200-DMA at 17257 mark. The index would gain strength only after it closes above its biggest hurdle at the 18463 mark.”
– Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
08:23 (IST) 9 Jan 2023 GDP pegged at 7% by NSO
The NSO has pegged the first estimate of FY23 GDP growth at 7.0% (> RBI estimate of 6.8%), implying that H2FY23 will see growth sharply moderate to 4.5% after the stellar print of 9.7% in H1FY23. Nominal GDP growth is expected to be a whopping 15.4% (FY22: 19.5%), denoting an estimated deflator of ~8.4% in FY23. (Emkay)
08:17 (IST) 9 Jan 2023 FPIs turn net sellers
“FPIs have turned sustained sellers in the market. They sold for eleven consecutive days taking the cumulative selling to Rs 14,300 crores. And, the money taken out is being invested in the underperformers of last year like China and Europe, which are doing well now. Clearly, FII money is chasing lower valuations by selling in overvalued markets like India. This is the important trend in near term FPI activity. If this trend continues it might weaken the Indian market further.”
– Dr.V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
08:09 (IST) 9 Jan 2023 FII DII data
Foreign institutional investors (FII) sold shares worth a net Rs 2902.46 crore while domestic institutional investors (DII) bought shares worth a net Rs 1083.17 crore on Friday, 6 January 2023.
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08:06 (IST) 9 Jan 2023 NSE F&O Ban
Indiabulls Housing Finance has been put under the National Stock exchange’s futures & options ban on Monday, January 9, 2023.
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08:01 (IST) 9 Jan 2023 Asian markets in green
Hong Kong’s Hang Seng was trading 379.87 points or 1.81% higher at 21,371.51 and China’s Shanghai Composite index was trading 10.34 points or 0.33 up at 3,167.97 on Monday. Japan’s Nikkei 225 ended Friday’s session 153.05 or 0.59% higher at 25,973.85.
08:01 (IST) 9 Jan 2023 US stock indices ended in green on Friday
US stock indices on Friday ended broadly in green with Dow Jones Industrial Average (DJIA) rising 700.53 points or 2.13% at 33,630.61, S&P500 rose 86.98 or 2.28% to 3,895.08 and Nasdaq advanced 264.05 points or 2.56% to 10,569.29.
08:00 (IST) 9 Jan 2023 Sensex, Nifty ended Friday’s session in red
Equity indices ended the first week of 2023 in red with BSE Sensex falling 452.90 points or 0.75%, settling at 59,900.37 and the NSE Nifty 50 dipped 132.70 points or 0.74% to 17,859.45 on Friday. In the sectoral indices, Nifty IT fell 2% and Nifty Bank dropped 0.99%.