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Markets at 10 AM LIVE market updates: The benchmark indices pared some of their opening gains in early morning deals. The BSE Sensex was now up 104 points at 56,510 and the NSE Nifty50 was 25 points higher at 16,868 points. HUL, Titan, Wipro, Nestle India, Tech M, Infosys, Kotak Bank, L&T, TCS and HCL Tech were leading gains on the Sensex, up between 0.7-1.7 per cent. Tata Steel, NTPC, IndusInd Bank, ICICI Bank, Axis Bank and Cipla were the top losers on the Sensex and Nifty. Shares of Cipla slipped 5 per cent to Rs 910 on the BSE after more than 2 per cent of the total equity of pharmaceutical company changed hands via block deal. READ IN DETAIL HERE. In the broader markets, the BSE MidCap and SmallCap indices had slipped into red now, trading 0.5 per cent and 1 per cent lower, respectively. Sectorally, Nifty Metals was the top loser now, dropping 1.6 per cent, Nifty Bank, Financials, Auto, Realty and Pharma also slipped into the negative zone, trading 0.3-0.9 per cent lower. Nifty IT, too, pared gains and was now up 0.6 per cent only. And among stocks, Godrej Consumer Products was up 2.7 per cent afterHonasa Consumer, the parent company of Mamaearth, The Derma Co, and Aqualogica has acquired Godrej Consumers’ (GCPL’s) 30 percent stake in BBLUNT for Rs 84.5 crore. ________________________________________________________________________________ Opening Bell
LIVE market updates: The key benchmark indices started trade on a positive note providing some respite to investors after a day of heavy sell-off. The BSE Sensex was up 387 points at 56,793, while the NSE Nifty was at 16,963, higher by 121 points.
Among the Sensex-30 constituents, TCS, Wipro, Bajaj Finserv, Tech M, L&T, Bharti Airtel, Bajaj Finance, HCL Tech, Titan and HUL were the top gainers. Shree Cement, meanwhile, was the top gainer on Nifty. On the flip side, the top losers across the two indices were Cipla, Eicher Motors, BPCL, IOC, Tata Steel and ICICI Bank, down 0.3-3.7 per cent lower.
In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, up 1 per cent each. Sectorally, the Nifty IT index was leading gains trading 1.4 per cent higher, followed by Nifty Realty, up 0.7 per cent. Other top gainer was Nifty FMCG, higher by 0.86 per cent. Oil & Gas index was the sole loser. Among stocks, Cipla was the top loser on the Nifty and was down 3.5 per cent. The company’s promoters are said to sell up to 2.5 per cent of their stake through a block deal.
Eicher Motors, too, was down 2.5 per cent after the company’s Q3 earnings disappointed investors.
The company posted a 14.4 per cent decline in its consolidated net profit at Rs 456.13 crore on account of lower sales due to semiconductor shortage. _____________________________________________________________________________________ Pre-open session LIVE market updates: The key benchmark indices were seen holding gains in the pre-open trades. The BSE Sensex was 296 points up at 56,703, while the NSE Nifty was at 16,926 , up 83 points. ________________________________________________________________________________________ LIVE market updates: The key benchmark indices are expected to open on a positive note after a huge selloff the previous day. At 8 am, the SGX Nifty futures were quoting 16,961 levels, up 120 points than Nifty’s Monday spot close. The markets, however, may still see bouts of volatility amid the Russia-Ukraine conflict and rising oil prices. The geo-politicial tensions led to the sharp broad-based sell off on Monday with the Sensex and Nifty benchmark indices closing 3 per cent lower each.
Meanwhile, among stocks, Adani Group stocks are likely to be in limelight post Q3 earnings of Adani Enterprises and Adani Wilmar.
This apart, Reliance Ind may also remain in focus as its subsidiary Jio Platforms will invest $200 million in lock-screen platform Glance to accelerate Glance’s launch in key international markets. Further, Vedanta may also be eyed as it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India.
Grasim, Coal India, MTNL, Dish Tv, Eicher Motors, PC Jeweller and Rajesh Exports are some of the other stocks to be in focus post the announcement of their Q3 results.
Global Cues
Overnight the US markets ended with marginal losses amid a highly volatile trading session. The Dow Jones slipped 0.5 per cent. The S&P 500 declined 0.4 per cent, and the Nasdaq was down 0.2 per cent.
Oil prices scaled higher as the war threat loomed. Brent crude surged 2.5 per cent to $95.46 a barrel, and WTI crude futures jumped 2.2 per cent to $93.10, a barrel.
Major markets in Asia witnessed largely subdued action this morning. Nikkei was down 0.4 per cent. Hang Seng and Straits Times were down 0.2 per cent and 0.1 per cent, respectively. Whereas, Taiwan was up 0.2 per cent while Shanghai Composite and Kospi were flat.
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