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Market LIVE Updates: Indices open firm on mixed global cues; RIL, Avenue Supermarts in focus –

January 10, 2022 / 07:42 AM IST

Follow our LIVE blog for the latest updates on the new Omicron variant of COVID-19 and its impact

January 10, 2022 / 09:21 AM IST

Gainers and Losers on the BSE Sensex in the early trade:

January 10, 2022 / 09:17 AM IST

Market Opens: Indian indices opened on positive note on January 10 with Nifty above 17900 amid mixed global cues.

At 09:16 IST, the Sensex was up 402.36 points or 0.67% at 60147.01, and the Nifty was up 112 points or 0.63% at 17924.70. About 1894 shares have advanced, 396 shares declined, and 182 shares are unchanged.

TCS, ICICI Bank, HDFC Bank, Axis Bank and Maruti Suzuki were among major gainers on the Nifty, while losers were Wipro, Cipla, Nestle, Sun Pharma and HCL Technologies.

January 10, 2022 / 09:11 AM IST

ICICI Direct

Indian markets are likely to open today on a positive note tracking investor expectations of the economic recovery and festive sales to power healthy corporate earnings in the December quarter even as a broad-based recovery remains elusive.

US markets ended marginally lower tracking release of macroeconomic data.

January 10, 2022 / 09:04 AM IST

Market at pre-open: Benchmark indices are trading firm in the pre-opening session.

At 09:03 IST, the Sensex was up 294.54 points or 0.49% at 60039.19, and the Nifty was up 74.30 points or 0.42% at 17887.00.

January 10, 2022 / 09:03 AM IST

Mohit Nigam, Head – PMS, Hem Securities:

Benchmark Indices are expected to open on flat note as suggested by trends on SGX Nifty. Both European and US markets closed in red. Asian markets are giving mixed cues. On 

The market is likely to be in consolidation zone in this week after a good rally from December lows. Investor sentiments remains strong but the rapid rise in covid cases followed by increasing speculations regarding US interest rate hikes has created uncertainty regarding the sustainability of markets at current levels. Good Q3 results from market leaders and strong sentiment regarding the forthcoming budget can act as good triggers for the market.   

On the technical front, the key resistance levels for Nifty50 are 17910 followed by 18000 and on the downside 17710 followed by 17610 can act as strong support. Key resistance and support levels for Bank Nifty are 38100 and 37400 respectively.

January 10, 2022 / 08:59 AM IST

Top 10 Things To Know Before The Market Opens

Top 10 Things To Know Before The Market Opens

Trends on SGX Nifty indicate a positive opening for the index in India with an 89-point gain.

January 10, 2022 / 08:54 AM IST

RIL to acquire New York’s luxury hotel Mandarin Oriental for $98 million

Billionaire Mukesh Ambani-led Reliance Industries said late Saturday that it has entered a pact to acquire Mandarin Oriental, a premium luxury hotel in New York, for an equity consideration of around $98.15 million.

In a statement to bourses, the conglomerate said that RIL’s arm Reliance Industrial Investments and Holdings Limited (RIIHL), has entered into an agreement to acquire the entire issued share capital of Columbus Centre Corporation (Cayman), a company incorporated in the Cayman Islands and the indirect owner of a 73.37% stake in Mandarin Oriental New York.

January 10, 2022 / 08:42 AM IST

Petrol, diesel prices on January 10

Petrol and diesel prices remained unchanged on January 10, according to a price notification by state-owned fuel retailers. The rates have been static since the highest-ever excise duty cut by the Centre to bring them down from record highs.

The government cut the duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3. Following this, many states and Union Territories cut local sales tax or value-added tax (VAT) to give further relief to consumers.

January 10, 2022 / 08:38 AM IST

Hot Stocks | Here Is Why You Should Buy NALCO, ACC For Short Term

Hot Stocks | Here Is Why You Should Buy NALCO, ACC For Short Term

For the week, the immediate resistance is placed around 17,900–18,000. Any move outside the range would trigger some momentum in major indices, says Sameet Chavan of Angel One

January 10, 2022 / 08:34 AM IST

Oil drops for 2nd session

Oil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed by supply disruptions in Kazakhstan and Libya.

Brent crude slid 38 cents, or 0.46%, to $81.37 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 34 cents, or 0.43%, to $78.56 a barrel.

January 10, 2022 / 08:24 AM IST

Dollar firm as inflation test looms

The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates.

After dipping on Friday, the greenback stood around its 200-day moving average against the euro at $1.1357 in early Asia trade on Monday. It firmed slightly on the yen to 115.65, fairly close to last week’s five-year high of 116.35 per dollar.