Daily Stock Market News

Stock Market Highlights Today: Nifty forms a small real bodied candle on daily chart. What


Benchmark indices managed to end in the green on Monday despite selling pressure due to rising inflation that threatens monetary tightening and surging Covid-19 cases that may result in harsher curbs. The 30-share pack Sensex rose 85.88 points or 0.14 per cent to close at 61,308.91. The index gyrated in a range of 277 points. Its broader peer NSE Nifty added 52.35 points or 0.29 per cent to 18,308.10. Auto stocks shined in a flat trading session on the back of price hikes, thrust on electric vehicles and ETF launches in the sector as the basket of stocks posted smart gains. The broader markets witnessed profit-taking in pharma stocks with investor interest seen in footwear stocks.

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Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade. The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48.

Mcap of BSE-listed companies jumps to all-time high of over Rs 280 lakh cr

Govt reaps over Rs 6,600 cr as dividend from dozen CPSEs

The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid. “Government has received about Rs 972 crore and Rs 2506 crore from Nuclear Power Corporation of India Limited (NPCIL) and Power Grid Corporation of India Limited as Dividend tranches,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a tweet on Monday.

Tech Mahindra acquires European tech firm for EUR 310 mn

IT company Tech Mahindra on Monday announced acquisition of 100 per cent stake in Europe-based Com tec Co IT (CTC) and 25 per cent stake in two IT platforms for a total of EUR 330 million (about Rs 2,800 crore).

The company said the acquisitions will strengthen its digital engineering and insurance technology businesses. The acquisition of CTC is the second-largest acquisition that the company has made after scam-hit Satyam in April 2010.

Tech View by Rupak De, LKP Securities

Nifty started higher and remained extremely range bound. At the end, the Nifty was able to add 0.29% over the last closing. Nifty has formed a small green candle on the daily timeframe. The daily RSI is in bullish crossover and rising. On the higher end resistance is visible at 18400/18600; whereas on the lower end support is visible at 18100.

Deepak Shenoy on UltraTech Cement earnings

How to navigate this market?

Market has been range bound today, but as we expected mid and Smallcap space remains in focus. Investors are advised to remain invested with pre-determined targets with strict stop losses. Considering the volatility in the markets traders should keep booking their profits at regular intervals.

— Rahul Sharma, Co-owner, Equity 99

Mindspace REIT to raise up to Rs 500 crore through issue of NCDs

K Raheja Corp-backed Mindspace Business Parks REIT is planning to raise up to Rs 500 crore through the issuance of non-convertible debentures (NCDs) in one or more tranches. The executive committee of K Raheja Corp Investment Managers LLP, the manager to the REIT has approved the issue of listed, rated, secured, non-cumulative, taxable, transferable, redeemable NCDs by the REIT.

Markets are currently witnessing time-wise correction and likely to resume the trend soon. Meanwhile, participants should focus more on risk management citing a rise in volatility due to the earnings. We reiterate our preference for IT, metal, realty and pharma pack while banking may see further consolidation.

– Ajit Mishra, VP – Research, Religare Broking

World economy still faces constraints, says Chinese President Xi Jinping

Rupee close

What moved market today?

In a week guided by the release of various corporate earnings, domestic indices edged higher on a flat note led by consumer durables, energy and auto stocks. Asian markets were largely mixed post the release of China’s 4th quarter GDP data reporting an expansion of 4% YoY as covid restrictions and property woes hit demand. Rising covid cases globally continue to colour investor sentiments.

— Vinod Nair, Head of Research at Geojit Financial Services

Auto stocks shined in a flat trading session on the back of price hikes, thrust on electric vehicles and ETF launches in the sector as the basket of stocks posted smart gains. The commodity index provided good support in afternoon trade buoyed by earnings. The broader markets witnessed profit taking in pharma stocks with investor interest seen in footwear stocks.

– S Ranganathan, Head of Research at LKP Securities

Top 5 gainers & losers today

Price as on 17 Jan, 2022 03:43 PM, Click on company names for their live prices.

Advance-decline ratio in favour of buyers

Advance-decline ratio in favour of buyers

Sector Watch: Auto index in fast lane, zooms 2%

Sector Watch: Auto index in fast lane, zooms 2%

CLOSING BELL: Sensex gains 86 pts after choppy trade; Nifty tops 18,300; Adani Green jumps 8%

CLOSING BELL: Sensex gains 86 pts after choppy trade; Nifty tops 18,300; Adani Green jumps 8%

Larsen & Toubro (L&T) on Monday said that its heavy engineering arm has flagged off five critical renewable diesel reactors to North America’s largest renewable diesel producer Diamond Green Diesel (DGD), two weeks ahead of the contractual delivery date.

Price as on 17 Jan, 2022 03:22 PM, Click on company names for their live prices.

Sebi tightens rules governing utilisation of IPO proceeds

Tightening rules for initial public offering (IPO), Sebi has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders. Also, the regulator has extended anchor investors’ lock-in period to 90 days and now, funds reserved for general corporate purposes will be monitored by credit rating agencies, according to a notification issued on January 14.

NTPC plans to raise up to $750 million via ECB to fund its power projects

Price as on 17 Jan, 2022 03:01 PM, Click on company names for their live prices.

Most active stocks in afternoon session

Price as on 17 Jan, 2022 02:51 PM, Click on company names for their live prices.

Gold, silver spot prices

Gold, silver spot prices

CLOSING CUES: AUTO, REALTY STOCKS GAIN

Price as on 17 Jan, 2022 02:44 PM, Click on company names for their live prices.

ASDC, Hero MotoCorp join hands for two-wheeler short term training course

Price as on 17 Jan, 2022 02:21 PM, Click on company names for their live prices.

Earnings Imapct: UltraTech Cement stock recoups losses, trades flat on better-than-expected Q3 show

Price as on 17 Jan, 2022 02:15 PM, Click on company names for their live prices.

Quick Glance: ULTRATECH CEMENT Q3 RESULTS

Managemnent on company outlook
During the quarter, trade sales were impacted more than non-trade sales, as overall cement demand remained subdued. With the onset of the peak season and rising construction activities, cement demand is expected to revive in Q4FY22, driven by a pick-up in the government-led infrastructure and housing projects. Rural and urban demand is also expected to pick up going forward. All of this augur well for the Company

Quick Glance: ULTRATECH CEMENT Q3 RESULTS

Japan’s Nikkei rebounds from six-week low as chipmakers, Uniqlo operator rally

Japan’s Nikkei index closed higher on Monday, boosted by chipmakers as they tracked firmer U.S. peers, with Uniqlo store operator Fast Retailing’s jump for a second day supporting markets further.The Nikkei ended 0.74% higher at 28,333.52, rebounding after touching its lowest intraday level since Dec. 6 on Friday at 27,889.21. About 3 stocks advanced for every one that fell on the benchmark index.

Top gainers at this hour

Price as on 17 Jan, 2022 01:53 PM, Click on company names for their live prices.

NEWS ALERT: KEC International has secured new orders of Rs 1,112 crore across its various businesses; stock rebounds sharply

Price as on 17 Jan, 2022 12:59 PM, Click on company names for their live prices.

Q3 RESULTS: BHANSALI ENGINEERING POLYMERS

  • Revenue from operations: Rs 341.5 crore vs Rs 411.27 crore YoY
  • Profit: Rs 75.71 crore vs Rs 136.29 crore
  • Firm declared 2nd interim dividend of Re 1
  • Stock falls 5% on BSE post earnings announcement
Q3 RESULTS: BHANSALI ENGINEERING POLYMERS

Nifty Auto index zooms 2%; here are the top gainers from the pack

Nifty Auto index zooms 2%; here are the top gainers from the pack

NEWS ALERT: Renaissance Global Limited jumps 5% after the company and NFL Properties LLC announced strategic licensing agreement for NFL inspired branded jewellery in USA

NEWS ALERT: Renaissance Global Limited jumps 5% after the company and NFL Properties LLC announced strategic licensing agreement for NFL inspired branded jewellery in USA

Cement stocks under pressure

Price as on 17 Jan, 2022 12:16 PM, Click on company names for their live prices.

Over 100 startups with over $1 bn valuations by 2022-end: Report

India has 50 startups with the potential to achieve the coveted ‘unicorn’ status in 2022 and by the end of the year, the list of the new-age companies valued at over USD 1 billion will be at least 100, a report by a consultancy firm said on Monday. In 2021, which witnessed a huge spike in company valuations in the listed and unlisted space driven by ample liquidity, according to some watchers, India added 43 startups to the list and the number of unicorns shot up to 68 by the end of the year. (Text Source: PTI)

Over 100 startups with over $1 bn valuations by 2022-end: Report

The company has decided to setup a Greenfield Corn Wet Milling Plant to manufacture Starch, Starch Derivatives and Polyols viz., Sorbitol, Maltitol and Mannitol at Sitarganj, Uttaranchal with a proposed capacity addition of 1000 TPD

Price as on 17 Jan, 2022 11:36 AM, Click on company names for their live prices.

Sensex trades firm after initial bouts of volatility

Sensex trades firm after initial bouts of volatility

Motherson Sumi stock rises on record date

Price as on 17 Jan, 2022 11:24 AM, Click on company names for their live prices.

Capacit’e Infraprojects has received order worth Rs 23l.50 crore (excluding GST) from Raymond (Realty Division) for civil core & shell works for premium project at Raymond Limited, Thane

Price as on 17 Jan, 2022 11:13 AM, Click on company names for their live prices.

JUST IN: Ajmera Realty & Infra India to develop residential project at Wadala with estimated sales value of Rs 1500 cr; stock jumps over 3%

Price as on 17 Jan, 2022 11:12 AM, Click on company names for their live prices.

SpiceJet says Division Bench of the Hon’ble Madras High Court has stayed the operation of winding up order until January 28, 2022. The Company is examining the order and shall initiate appropriate remedial steps including preferring an appeal before the appellate jurisdiction.

Price as on 17 Jan, 2022 10:36 AM, Click on company names for their live prices.

Overall, strong operating performance led by robust growth in ER&D services and Product and Platform business. The services business constituting 87% of revenue maintained strong growth momentum (up 5.3% QoQ). Deal booking remained strong at $2,145mn, up 64% YoY, proving strong growth visibility. Trades at attractive valuation at PE of 19.3x on FY24E EPS. We maintain BUY Rating in the stock with revised target price of Rs 1,556.

– Yes Securities on HCL Tech

Glenmark Pharma gets tentative USFDA nod for generic Regadenoson injection

Price as on 17 Jan, 2022 10:25 AM, Click on company names for their live prices.

Jhunjhunwala-backed Metro Brands zooms 18% on strong show in Q3

Price as on 17 Jan, 2022 10:18 AM, Click on company names for their live prices.

For the last few days, we had remained committed to the prospects of a turn lower, expecting 18210-330 region to deflate the upside momentum. This is the same template on which we would start the day, but we are unable to see downsides leading to a collapse or extending beyond 17570. While upside prospects depend on ability to float above 17215, downside momentum can be expected to rise on break beyond 17119 or 16950.

– Anand James – Chief Market Strategist at Geogit Financial Services

Earnings Impact

Price as on 17 Jan, 2022 10:12 AM, Click on company names for their live prices.

UltraTech Cement Q3 Preview

UltraTech Cement is likely to report an 11.3 per cent year-on-year (YoY) drop in consolidated profit after tax (PAT) at Rs 1,405 crore, as per ET NOW poll of analysts. This would be against the Rs 1,584 crore profit the cement maker had reported in the corresponding quarter last year. The poll is building in consolidated revenue of Rs 12,900 crore, up 5.3 per cent YoY over Rs 12,254 crore in the year-ago quarter.

UltraTech Cement Q3 Preview

Market View: FII selling can be a headwind for markets in short term

This trading week is starting on a mixed note with good Q3 results strengthening the optimism and the spike in US 10-year bond yield to 1.79% and Brent crude surging past $86 raising concerns about the sustainability of the rally. HCL Tech’s good Q3 numbers reinforce the market optimism in the IT sector. HDFC Bank’s good numbers reflect the rising credit growth in the economy justifying the optimism around the economy- facing segments and stocks. FIIs again turning sellers (Rs 1598 cr on Friday) can be a short-term headwind for the market. In the short-term the market is likely to react to results. If results turn out to be very good, that will be confirmation of the profit upcycle that bulls are optimistic about.

— Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Sector Watch: IT worst loser; auto, banks shine

Sector Watch: IT worst loser; auto, banks shine

Most active stocks on NSE

Price as on 17 Jan, 2022 09:20 AM, Click on company names for their live prices.

OPENING BELL: Sensex gains 100 points, Nifty50 nears 18,300; HCL Tech plunges 5%

OPENING BELL: Sensex gains 100 points, Nifty50 nears 18,300; HCL Tech plunges 5%

Pre-open session: Sensex rises 100 points; Nifty below 18,200

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 68 points, or 0.37 per cent, lower at 18,206, signaling that Dalal Street was headed for a negative start on Monday.

Tech View: Nifty50 bias remains positive

Nifty50 made a good recovery from low on Friday and erased almost all gains, as it ended up forming a bullish candle on the daily chart. With that, the index also ended up with a decent bullish candle on the weekly chart, suggesting the bulls are in no mood to give up. Nifty50 witnessed a buying interest at low as it entered into the bullish gap zone of 18,128-18081 level, giving legitimacy to the zone as critical short-term support.

Dollar finds a footing as traders brace for hawkish Fed

The dollar clung to a late week bounce on Monday as investors braced for January’s US Federal Reserve meeting and raised bets it will chart a year ahead holding several rate hikes, while China surprised analysts with a benchmark cut. The U.S. dollar index, which declined sharply last week until Friday’s leap, sat at 95.225 in Asia on Monday.

Oil extends rally on supply tightness

Oil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained 42 cents, or 0.5%, to $86.48 a barrel by 0022 GMT. The contract touched its highest since Oct. 3, 2018 – $86.71 – earlier in the session.

Hong Kong shares flat at open

Hong Kong stocks started Monday barely moved following a tepid lead from Wall Street and as investors await the release of Chinese economic growth data later in the day. The Hang Seng Index inched up 6.97 points to 24,390.29. The Shanghai Composite Index was also flat, edging 0.83 points higher to 3,522.09, while the Shenzhen Composite Index on China’s second exchange added 0.12 percent, or 2.88 points, to 2,438.28.

Tokyo stocks open higher with eyes on Fed

Tokyo stocks opened higher Monday as investors weighed worries over a tightening of monetary policy by the US Fed and awaited Chinese economic data due later in the day. The benchmark Nikkei 225 index was up 0.69 percent or 195.38 points at 28,319.66 in early trade, while the broader Topix index gained 0.42 percent or 8.38 points to 1,986.04.

Wall Street stocks ended mixed on Friday

US stocks ended mixed in the final trading session of the week, with weak bank earnings sending the Dow 200 points lower, though tech shares recovered by the close. The Dow Jones Industrial Average lost 0.6 percent to end the week at 35,911.81. The broad-based S&P 500 eked out a 0.1 percent gain to 4,662.85, while the tech-rich Nasdaq Composite Index managed a 0.6 percent increase to finish at 14,893.75.

Rupee slumps 25 paise to 74.15 per dollar

Snapping its five-day winning run, the rupee on Friday slumped 25 paise to close at 74.15 against the US dollar, in line with other emerging market currencies as hawkish comments by Federal Reserve officials weighed on sentiment. At the interbank foreign exchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 against the dollar. It finally settled at 74.15, down 25 paise over its previous close of 73.90.

Sensex, Nifty on Friday

Equity benchmarks Sensex and Nifty ended marginally lower on Friday, as positive macroeconomic data failed to lift spirits amid negative cues from global markets. In a largely subdued session, the 30-share BSE Sensex ended 12.27 points or 0.02 per cent lower at 61,223.03. Similarly, the NSE Nifty slipped 2.05 points or 0.01 per cent to 18,255.75.





Read More: Stock Market Highlights Today: Nifty forms a small real bodied candle on daily chart. What

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