Stock Market Live Today: Nifty 50 trading above 18100

 

Stock Market Live Today: As indicated in our morning reports, Indian stock market indexes made an optimistic opening on the first day of the week following firm global cues. The Nifty today opened at 17952.55 levels, up by 93.1 points while Sensex made a positive opening of 246.7 points at 60147.07 levels. 

Domestic markets are trading firms with gains of over 1.5 percent ahead of the earning season, which will kick off with Tata Consultancy Services (TCS) results, due later in the day. Sensex and Nifty reclaimed their crucial 60,400 and 18,000 levels, respectively. 

Board-based buying in IT and TECK stocks also aided the sentiments. Some support came in as the latest central bank data showed that the Reserve Bank of India’s foreign exchange reserves rose by $44 million to $562.85 billion in the week ended December 30. On the global front, Asian markets are trading higher following the gains from the US markets on Friday.

 

Stock Market Live Today 

 

Market Live at 12.15 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 1.60 percent and 1.50 percent respectively. The Bank Nifty is also trading higher by 1.17 percent at 12.15 pm IST. The broader markets are trading positively at this moment, as Nifty midcap and smallcap indexes are trading higher by 0.81 percent and 0.82 respectively at this time.

Among the sectors, all sectoral indices are trading higher at this moment. IT, PSU Bank, and Energy sectors are leading the gains today. M&M, Bharti Airtel, and IndusInd bank are trading as top gainers in the Nifty 50 index, while Titan, HDFC life, and Bajaj Auto are trading as the top losers.

 

Stocks in News Today

 

The Asian Paints share is in the news as the Board of Directors in the recent meeting have accorded their approval for setting up a new water-based paint manufacturing facility with a capacity of 4 lakh kilolitres per annum at an approximate investment of Rs 2,000 crore. The manufacturing at the facility is expected to be commissioned 3 years, after the acquisition of the land. The share price of Asian Paints is trading higher by 1.20% at Rs 3014 per share

The shares of Sigachi Industries (SIL) jumped over 8% in early trade on January 9 ahead of its board meetings to consider a fundraising proposal. The board meeting is scheduled on Tuesday to consider the proposal of raising funds by way of the issue of equity or convertible warrants on a preferential basis to promoters and non-promoters subject to the receipt of necessary approvals/permission. 

The share price of JSW Steel is trading higher by 2.12 % at Rs 744 per share after the Mumbai-based steel manufacturing company said that the group’s combined crude steel production for Q3FY23 was 6.24 million tonnes, registering a growth of 17% on YoY bases.

Larsen & Toubro is trading higher by 1.6% at Rs 2120 per share after the company’s heavy engineering arm won multiple significant orders lies between Rs 1000 cr to Rs 2500 crores in overseas markets in Q3 FY23.

 

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