Sensex Today | Stock Market Live Updates: Sensex gains 400 points, Nifty tops 19,800; PSU bank index only sectoral loser; IT stocks surge ahead of TCS earnings

12:38:15 PM IST, 11 October 2023

S.Korean shares post biggest jump in nine months as chip, battery stocks rally

South Korean shares posted their biggest gain in nine months on Wednesday, as chipmakers and battery manufacturers rallied on corporate earnings that came above market expectations.

The benchmark KOSPI closed up 47.50 points, or 1.98%, at 2,450.08, its best day since Jan. 9.

12:35:13 PM IST, 11 October 2023

JUST IN | Vedanta incorporates wholly owned unit Vedanta Base Metals for implementation of demerger plan

12:27:30 PM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Asian Granito India JV co incorporated to set up wall tiles manufacturing unit in Nepal

12:22:06 PM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Hinduja Group flagship company Ashok Leyland has unveiled the ecomet Star 1915 truck in the intermediate commercial vehicle segment, targeting long-haul customers, the company said on Wednesday. The truck with a GVW (Gross Vehicle Weight) of 18.49 tonne is positioned to address the logistical demands of customers engaged in e-commerce, parcel delivery, transportation of fresh produce among others.

12:26:15 PM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: SIP inflows hit record high, cross Rs 16,000 crore for first time

SIP Sept inflows at Rs 16,402 crore

12:11:02 PM IST, 11 October 2023

Japan’s Nikkei closes at two-week high as chips rally on dovish Fed tilt

Japan’s Nikkei share average closed at the highest level in two weeks on Wednesday as chip stocks led a rally on bets for a more dovish U.S. Federal Reserve.

The tech-heavy Nikkei ended the day up 0.6% at 31,936.51, building on Tuesday’s 2.4% surge. It had earlier pushed as high as 32,037.07, crossing the psychological 32,000 line for the first time since Oct. 2.

Chip-related shares comprised four of the six biggest percentage gainers, led by Lasertec’s 6.33% jump. Startup investor SoftBank Group was another notable member of the top six, rising 2.64%.

11:54:35 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: MCX India at record high on go-live plan for new commodity platform

Shares of Multi Commodity Exchange of India (MCX) up as much as 3.8% to record high of 2,179.45 rupees
Commodity futures exchange operator proposes to go live with its new commodity derivatives platform (CDP) from Oct. 16
Markets regulator SEBI withdrew hold on new platform, MCX said on Sunday
MCEI up over 6% since Sunday and on track to rise for fifth straight session; stock up ~39% YTD
Avg rating of 9 analysts covering MCX is “hold” (on a 5-scale rating from “strong buy” to “strong sell”) – LSEG data
Their median PT is 1,772.50 rupees – LSEG data

11:40:37 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates | L&T Hydrocarbon business wins Mega contract worth over Rs 7,000 crore in Middle East for gas compression plants.

11:38:19 AM IST, 11 October 2023

Rupee flat as importer dollar demand, equity outflows offset global cues

The Indian rupee was little changed on Wednesday as local demand for U.S. dollars from importers and persistent equity outflows offset positive global cues.

The rupee was at 83.2375 against the U.S. dollar as of 11:15 a.m. IST, after closing at 83.2450 in the previous session.

The dollar index was little changed at 105.8, but has retreated from the recent high above 107 hit last week. The 10-year U.S. treasury yield was also lower following dovish commentary from U.S. Federal Reserve officials.

11:17:58 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Oil India in focus

11:03:07 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates | Info Edge (India) to invest about USD 4,00,000 in Ray IOT Solutions Inc.

11:02:41 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Marine Electricals (India) gets order amounting to Rs 8.5 crore from Salcomp Technologies

10:55:15 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: These stocks move in line with market mood, rally up to 11%

10:48:03 AM IST, 11 October 2023

Sensex Today | Sensex surges 500 points

10:40:37 AM IST, 11 October 2023

Stock Market Live Updates: Nifty crosses 19,800 level; here are the stocks that hit 52-week high

10:35:41 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: CLSA turns overweight on Indian equities on strong growth, earnings prospects

Brokerage CLSA has increased its exposure to Indian equities, citing prospects of strong economic growth, profitability and credit demand, and changed its portfolio allocation to a 20% overweight stance from 40% underweight earlier. The brokerage, which had an underweight position on India between October 2022 and March 2023, noted that it persisted “far too long with its negative view” as it changed its stance.

Strong credit impulse – the change in new credit measured in relation to GDP -, favourable energy costs, robust corporate earnings growth, stable macroeconomic outlook and improving external balance dynamics will sustain the momentum in Indian equities into 2024, CLSA said.

10:34:26 AM IST, 11 October 2023

Sensex Today | Stock Market View: Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd.

Nifty has given just 1.2% return over the past 6 weeks post our cautious stance led by El Nino impact on crops and inflation, low chances of interest rate cut in India, expected increase in interest rates in USA and impending political uncertainty ahead of Lok Sabha elections in India. We believe that the headwinds have increased with recent spike in crude oil prices and rise in Geopolitical uncertainty due to conflict in Israel. Domestic economy is witnessing a clear demarcation with premium and luxury goods witnessing strong demand while basic demand being it due to high inflation. We believe all eyes rest on festive demand in coming couple of months for the market to sustain momentum. We remain positive on Auto, Banks, Capital goods, Hospitals, Discretionary consumption. Risk rewards seem evenly balanced with NIFTY PE discount at 16.7% to LPA while impending El Nino impact and 2024 elections are a key risk. We believe Stable Govt. post elections and continuation of economic policies can take markets to new heights.

10:20:55 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Jefferies maintained a buy rating on Sunteck Realty and raised the 12-month target price to Rs 555 from Rs 415 earlier. The company has shown improved growth and governance prospects. The government is also set to renew its push for affordable housing, where sales have lagged behind the ongoing housing boom.

10:17:25 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: IT stocks in high spirits ahead of TCS earnings; Wipro leads gainers

10:04:24 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: MOSL initiates coverage on Adani Ports stock with a BUY rating and a TP of INR1,010 (premised on 15x FY25E EV/EBITDA, in line with its historical average of 14x). The company’s: a) market leadership in the ports segment, b) focus on value-added areas such as logistics, and c) focus on strategic acquisitions place it in a sweet spot.

09:35:39 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: TCS, Delta Corp gain marginally ahead of Q2 results

09:35:27 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates | Bank of Baroda shares opened nearly 4% lower after the Reserve Bank of India (RBI) barred lender from adding customers to its mobile app.

09:32:25 AM IST, 11 October 2023

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Stock market has a unique ability to climb many walls of worries. If the undertone of the market is bullish the market will climb worrying walls which may appear formidable. It is important to appreciate the fact that even in the midst of the West Asian crisis, markets are resilient, globally. The fundamental support to the market comes from the resilience of the US economy, the declining US bond yields and the hope that the Israel-Hamas conflict will remain a localised crisis which will not impact crude prices. However, investors should remain cautious since the situation taking a turn for the worse cannot be ruled out.

The fact that Nifty is just 2.5% away from the all-time high indicates the strength and resilience of the market. Even though FIIs are sustained sellers in the market, buying by DIIs, HNIs and retail are counterbalancing the selling and supporting the market. Safety is in large-caps.

09:22:53 AM IST, 11 October 2023

Rupee rises 3 paise to 83.22 against US dollar in early trade.

09:20:35 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: PNB, BoB among most active stocks in morning trade

09:19:56 AM IST, 11 October 2023

Opening Bell: Sensex gains 350 points, Nifty nears 19,800; Sunteck rallies 5%, BoB sheds 2%

09:08:11 AM IST, 11 October 2023

Sensex Today | Stock Market Live Updates: Pre-open session: Sensex rises 280 points; Nifty above 19,755

08:46:44 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Rupee to rise on bets Fed will not hike rates further

The Indian rupee is likely to open higher on Wednesday as expectations that the U.S. Federal Reserve will not raise interest rates further diminished demand for the dollar.

Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar compared with 83.2450 in the previous session.

The dollar index was down to 105.74 and the Korean won led Asian currencies higher. Brent crude was hovering near $88 per barrel.

08:46:03 AM IST, 11 October 2023

Stock Market LIVE Updates: Birkenstock prices IPO within range at $46 a share

Footwear maker Birkenstock Holding Plc priced shares within a marketed range at $46 each in its initial public offering, according to a person familiar with the matter who asked not to be identified because the information wasn’t public yet.

In a fourth big test of the US IPO market in a month, Birkenstock and private equity backer L Catterton are set to raise $1.48 billion. The German company and L Catterton were offering about 32 million shares for $44 to $49 each on Tuesday.

08:00:51 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Dollar loses steam ahead of Fed meeting minutes, US inflation test

The dollar dipped broadly on Wednesday, tracking a slide in U.S. Treasury yields weighed down by dovish Federal Reserve comments, as traders looked to the central bank’s policy meeting minutes out later in the day for clues on its interest rate outlook.

08:01:01 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Gold firm as Fed comments signal potential end to US rate hikes

Gold prices held near their highest levels in more than a week on Wednesday as comments from U.S. Federal Reserve officials suggested that a recent surge in Treasury yields might reduce the need for more rate hikes, sending the dollar lower.

08:01:11 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Asian stocks hit 2-week high as Fed talk turns dovish

Asia’s stock markets rose on Wednesday and the dollar beat a retreat as a dovish shift in tone from Federal Reserve officials had traders paring U.S. interest rate expectations, though with a wary eye on U.S. inflation data due on Thursday.

07:19:28 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start

GIFT Nifty on the NSE IX traded higher by 7.5 points, or 0.04 per cent, at 19783.50, signaling that Dalal Street was headed for muted start on Wednesday.

07:19:35 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty starts forming higher bottom

A trend reversal was witnessed in Nifty on Tuesday which ended about 177 points higher to form a bullish inverted head and shoulder pattern on the daily chart.

07:19:54 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Rupee rises 3 paise against US dollar

The rupee gained 3 paise to settle at 83.25 against the US dollar on Tuesday, as a rally in domestic equity markets boosted investor sentiment.

07:20:02 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher

Tokyo stocks opened higher on Wednesday following gains on Wall Street, with investors encouraged by the further easing of US bond yields.

07:20:11 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Dovish Fed officials boost Wall Street as bond yields retreat

Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower as investors cautiously monitored developments in the Middle East.

07:20:21 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Oil little changed as Middle East supply concerns fade

Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about potential supply disruptions due to the conflict between Israel and the Palestinian Islamist group Hamas.

07:20:31 AM IST, 11 October 2023

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday

The BSE benchmark Sensex advanced 567 points or 0.87% to settle at 66,079. The broader NSE Nifty surged 177 points or 0.91% to end at 19,689.

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