Stock Market Live Stock Market Update : Amid better global signals, the domestic stock market started with a strong boom. But after some time the market lost its edge. Although both the Sensex and Nifty indices are in the green. The Sensex has gained almost 50 points. While Nifty remains above 17950. Today there is buying in most of the sectors in the market. Talking about global cues, the American markets closed on the edge on Friday in the hope of a better earning season. Whereas today there is shopping in most of the Asian markets. At present, the Sensex has gained 43 points and is at the level of 60,304. While the Nifty has increased by 20 points to the level of 17976.
Today there is buying in most of the sectors including Bank, Financial and IT. Bank, financial, IT index on Nifty has become stronger by more than half a percent. Other indices including Auto, Metal and Pharma are also in the green. There is buying in heavyweight stocks. 18 stocks of Sensex 30 are showing green mark in the initial trade. Today’s top gainers include BAJAJ, SUNPHARMA, KOTAKBANK, HDFCBANK, HCLTECH, WIPRO, SBI, TCS. While there is weakness in TATASTEEL, M&M, NTPC, Maruti, Tata Motors, Airtel, ITC.
Stock Market Live: Updates of every news of the stock market
Wipro stock up
Today, there is a boom in IT sector stock Wipro in the business. Today the stock has gained almost 1.5 percent to reach Rs 401. Prior to this, it had closed at Rs 394 on Friday. Last week, the IT company released its results for the December quarter, which the market is liking. There has been 38 percent weakness in the stock in 1 year.
HDFC Bank shares rise
The shares of private sector leading bank HDFC Bank are seeing a boom today. Today, the stock gained almost 1.5 percent in intraday and reached Rs 1621. While it closed at Rs 1601 on Friday. The bank had presented the financial results for the December quarter on Saturday, which the market has liked. If the profit of the bank has increased by 19 percent, then the asset quality has also improved.
Delhivery has completed the acquisition of logistics company Algorithm Tech. With this, Algorhythm has become a wholly owned subsidiary of the company.
Tata Motors News
Tata Motors has filed Form 25 for winding up its American Depository Share Program. The Company has filed Form 25 with the Security and Exchange Commission (SEC), USA for termination of its American Depository Shares Program. SEC Form 25 is a document filed by a company to delist its securities.
Dr Reddy’s Laboratories News
The pharma company has acquired the trademark rights of breast cancer drug PRIMCYV from Pfizer Products India. With these rights, the company will use the drug in the Indian market. From May 2022, the company is marketing the drug in collaboration with Pfizer Products India under the brand name PRIMCYV in India.
Federal Bank Including Their Results Today
Today i.e. on January 16, the quarterly results of Federal Bank are to come. There can be movement in the stock on the results day. Apart from this, the results of Angel One, JSW Ispat Special Products, Tinplate Company of India, Kesoram Industries, Bank of Maharashtra, Shree Ganesh Remedies and Trident Texofab will also come today.
RBI May Cut Rate: Nomura
Nomura Holdings Inc said in a note to clients on Friday that slow growth and price pressures may prompt India’s central bank to reduce borrowing costs from August this year. According to Nomura, a cut of 75 basis points can be made in the second half of 2023. By the end of this year, the repo rate can be reduced to 5.75 percent. Goldman Sachs had predicted a cut of 25 basis points in its 2023 outlook for India in the October-December quarter.
These Stocks in F&O Ban
Today i.e. on January 16, 2022, 2 shares are in F&O ban. NSE has retained Indiabulls Housing Finance and GNFC in this category even today. The shares of a company whose derivative contracts exceed 95 per cent of the market-wide position limit are placed in the F&O.
FII and DII Data
Foreign Institutional Investors (FII) remained net sellers for the 16th consecutive session in the business of Friday i.e. January 13. According to the provisional data available on NSE, FIIs withdrew Rs 2422.39 crore from the market on January 13. At the same time, Domestic Institutional Investors (DII) remained net buyers. He bought shares worth 1953.40 crores on 13 January.
Shopping In Asian Markets
Buying is being seen in major Asian markets in today’s business. SGX Nifty has a gain of 0.20 percent while Nikkei 225 is down by 1.25 percent. The Straits Times is looking flat. There is an increase of 0.63 percent in Hangseng and 0.63 percent in Taiwan Weighted. Kospi has strengthened by 0.92 percent and Shanghai Composite by 1.43 percent.
Dow Jones Up 113 Points
Due to the better quarterly results, there was an increase in the American markets on Friday. Dow Jones gained 112.64 points or 0.33 percent and closed at the level of 34,302.61. The S&P 500 index rose 15.92 points to close at 3,999.09. While the Nasdaq gained 78.05 points and closed at the level of 11,079.16.
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