Stock Market LIVE: Nifty trading near 17800, Sensex below 60K
Stock Market LIVE: Indian stock market indexes opened mixed on Thursday amid positive cues from the global markets. Nifty today opened at 17920.85 levels up by 25.15 points while Sensex made a negative opening of 22.47 points. Soon after opening, markets turned volatile and are with the 0.50 percent cut at this, moment ahead of the weekly derivative expiry.
The domestic markets were trading flat with a negative bias in early deals as buying activity remained somewhat subdued, as investors are cautious and looking ahead to the IIP and CPI inflation data, which is due later in the day. There is an expectation that Indian retail inflation likely to edge up, may remain slightly higher than the RBI’s upper band of 6% in December.
On the global front, Asian markets pared their early gains and are traded mixed ahead of the release of US consumer price inflation data later today, which could have a significant impact on the outlook for interest rate hikes in the Fed’s next meeting.
Stock Market LIVE Today
Stock Market LIVE at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.65 percent and 0.60 percent respectively. The Bank Nifty is down by 0.75 percent at 12 pm IST. The broader markets are also trading lower at this moment, as Nifty midcap and smallcap indexes are trading lower by 0.34 percent and 0.15 respectively at this time.
Among the sectors, IT and Realty are trading marginally higher whereas Banking, FMCG, and Energy are trading in the red. The top gaining stocks in the Nifty 50 index are HCL tech, Larsen, and JSW Steel whereas the top losing stocks are Divis Labs, Axis Bank, and BPCL
Stocks in News Today
TVS Motors has announced that the company is going to invest in Madhya Pradesh (MP) for its potential Two-Wheeler and Three -Wheeler expansion in electric and internal combustion engine vehicles. The expansion plan required an investment of over Rs 1000 crore and would create direct and indirect employment in MP of over 2000 jobs. The share price of TVS Motors is trading lower by 0.56% at Rs 1008 per share
Sah Polymers made a strong debut, opening at a 30.7 percent premium over the issue price on January 12. The company offers customized bulk packaging solutions to companies catering to several industries including agro-pesticides, cement, chemical, fertilizer, food products, ceramic, and steel. The share price of Sah Polymers is trading higher by 37.85% at Rs 89.25 per share
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to market Brexpiprazole Tablets, 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg. The share price of Zydus Lifescience is trading lower by 1.18% at Rs 447 per share
DB Realty and its wholly owned subsidiary company, Goregaon Hotel and Realty Private Ltd have executed settlement agreements with Reliance Commercial Finance (Lender) on January 10, 2023, for the loans given by the lender in the past, as per the company’s press release.
DB Realty has agreed to pay an amount of Rs 185.60 crore to the lender as a full and final settlement in various tranches. The share price of DB Realty locked 5% upper circuit at Rs 89.25 per share
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