10:10:41 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: Citi downgrades United Breweries to sell
10:02:51 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: UBS downgraded SBI to sell from a buy earlier and has also slashed the 12-month target price to Rs 530 from Rs 740 earlier – the first big downgrade to Sell in many years. The global investment bank is of the view that the return ratios are likely to peak in FY24 and expect a decline in FY25.
09:56:21 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: Angel One shares rallied over 6% after the company’s net profit rose 43% to Rs 304.5 crore in the September quarter. Revenue from operations was up 41% YoY to Rs 1,049.7 crore.
09:55:56 AM IST, 13 October 2023
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The domestic macros have turned distinctly positive with the CPI inflation in September falling steeply to 5.02 % and the IIP for August rising impressively to 10.3%. This implies that the MPC can pause for the rest of FY 24 and go for a rate cut in Q2 of CY24.
While this is positive for the economy, the market is likely to be weighed by results of IT majors which are struggling with weak numbers on revenue guidance for FY24 and lack of clarity on growth recovery. Leading banking names have the strength to continue supporting the market.
09:48:32 AM IST, 13 October 2023
FOREX NEWS | Rupee trades flat at 83.24 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 83.25 and stayed in the narrow range of 83.23 to 83.25 against the greenback. It later turned flat at Thursday’s closing level of 83.24 against the dollar.
09:40:01 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates | Eimco Elecon (India) gets order worth Rs 38.96 crore; stock jumps 6%
09:37:50 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: GAIL, MMTC among most active stocks in morning trade
09:33:14 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: Earnings Impact | HCL Tech rises 3%, Infosys drops over 2% on Q2 results
09:38:15 AM IST, 13 October 2023
HEATMAP: 25 out of 30 stocks trade in the red
09:17:07 AM IST, 13 October 2023
Opening Bell: Sensex falls over 400 points, gives up 66K; Nifty below 19,700; Infosys drops 3%, Angel One rallies 4%
09:08:52 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex slips 240 points; Nifty below 19,510
08:54:45 AM IST, 13 October 2023
Sensex Today | Stock Market Live Updates: UBS downgrades SBI to sell
A preliminary analysis of early market indicators, particularly the negative performance of GIFT Nifty and global market cues, indicates a bearish outlook for Friday the 13th, hinting at a significant decline in the market. It is recommended to consider a strategy that involves selling Nifty and Bank Nifty positions. This downturn can be attributed to six key negative factors, which include Infosys’s weak guidance and rising geopolitical tensions. Examination of Nifty’s options data reveals a specific trading range, with 20,000 serving as a notable resistance level. In these uncertain times, it is essential to adhere to seven fundamental trading rules. it is advisable to maintain a cautious optimism, with the consideration of aggressive long positions only if Nifty manages to surpass the critical level of 19,889.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:35:37 AM IST, 13 October 2023
Sensex Today | Stock Market View: Dhruv Mudaraddi, Research Analyst, StoxBox
HCL Tech Ltd.’s Q2FY24 performance is marked by steady growth, with a 3.4% YoY and 1.0% QoQ revenue increase in constant currency. The company has demonstrated impressive operational efficiency, evidenced by a substantial 154 bps sequential improvement in EBIT margin accompanied by robust cash generation. The Financial Services, Life Sciences & Healthcare, and Retail verticals have demonstrated robust growth, while Manufacturing, Technology & Services, and Telecommunication sectors encountered performance challenges. Notably, the achievement of securing a new all-time high in bookings totaling $3.9 billion, including a standout mega deal with Verizon, reflects HCL Tech’s exceptional market responsiveness. The company’s growth outlook appears promising, underpinned by its commitment to innovation and expansion into high-growth segments, notably Engineering and R&D services (up 5% QoQ). HCL Tech’s strategic partnerships and its proactive expansion into new markets are poised to drive future growth. Furthermore, its focus on streamlining operations and cost-reduction strategies bodes well for healthy margins. The management commentary on the margin profile of the Verizon deal, the ramp up of mega wins, recovery in demand for discretionary services and demand trends around ERD space would be closely watched for further cues.
08:21:12 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Asian shares drop sharply as US price data revives rate hike jitters
Asian shares slid on Friday while the dollar was firm after U.S. consumer prices increased more than expected, bolstering the case for the Federal Reserve to keep rates higher for longer.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.94% on Friday, on course for its biggest one-day percentage drop in a week, having scaled a three-week high on Thursday.
07:59:35 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Gold trades below two-week highs as US inflation data stokes rate worries
Gold prices edged up on Friday but traded below two-week highs hit in the last session, as a bigger-than-expected jump in U.S. consumer prices boosted bets interest rates would stay high for longer, lifting dollar and bond yields from their recent lows.
07:59:27 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Dollar holds on to gains after firm US inflation; focus turns to China data
The dollar remained firm on Friday, putting pressure across a basket of currencies as stronger-than-expected U.S. consumer inflation revived prospects that the Federal Reserve will have to keep rates higher for longer.
07:23:49 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 24.5 points, or 0.12 per cent, at 19699.50, signaling that Dalal Street was headed for positive start on Friday.
07:23:39 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Spinning Top candle
Headline index Nifty today ended 17 points lower to form a small Spinning Top candle on the daily chart.
07:24:05 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Rupee falls 6 paise against US dollar amid rising crude prices
The rupee paused its two days of gains and settled 6 paise lower at 83.24 against the US dollar on Thursday as rising crude oil prices dented the investor sentiment.
07:24:29 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Oil climbs as U.S. sanctions, stockpile forecasts, raise supply concerns
Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter.
07:24:13 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Wall Street falls as Treasury yields rise, investors digest inflation data
Wall Street’s main indexes closed lower on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting data that showed consumer prices rose more than anticipated in September.
07:24:36 AM IST, 13 October 2023
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex declined 65 points or 0.1% to settle at 66,408. The broader NSE Nifty dropped 17 points or 0.09% to end at 19,794.