Press "Enter" to skip to content

Market LIVE Updates: Sensex gains 500 pts, Nifty above 17,950; UPL, Maruti Suzuki, Infosys top gainers – Moneycontrol.com

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 / 01:21 PM IST

Macquarie view on Paytm

Shares of Paytm parent One97 Communications fell more than 2 percent after Macquarie Securities India suggested that the company’s future earnings growth may be worse than it had earlier forecast.

The brokerage firm slashed its price target for the stock by 25 percent to Rs 900 from Rs 1,200 earlier, implying a further downside of 28 percent from the January 7 closing. Macquarie retained its ‘underperform’ rating on the stock.

Macquarie’s pessimism for the company comes when the stock has already fallen more than 38 percent from its high of Rs 1,955 on November 18, which followed a disastrous debut on Dalal Street.

January 10, 2022 / 01:12 PM IST

Indian inflation likely accelerated to a six-month high in December: Poll

Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year.

The January 4-7 survey of 41 economists showed Indian retail inflation rose to 5.80% last month from 4.91% in November, spending more than two years above the Reserve Bank of India’s medium-term target of 4.0%.

If realised, it would be the highest since June 2021.

Estimates ranged between 4.70% and 6.30%, including seven respondents who predicted it would be above the RBI’s upper tolerance limit of 6.0%. The report is due to be released on Wednesday at 1200 GMT.

January 10, 2022 / 01:05 PM IST

Market at 1 PMBenchmark indices were trading higher with Nifty around 17950 level led by the IT, bank, auto and realty stocks.The Sensex was up 481.69 points or 0.81% at 60226.34, and the Nifty was up 143.90 points or 0.81% at 17956.60. About 2474 shares have advanced, 885 shares declined, and 105 shares are unchanged.

Market at 1 PM Benchmark indices were trading higher with Nifty around 17950 level led by the IT, bank, auto and realty stocks. The Sensex was up 481.69 points or 0.81% at 60226.34, and the Nifty was up 143.90 points or 0.81% at 17956.60. About 2474 shares have advanced, 885 shares declined, and 105 shares are unchanged.

January 10, 2022 / 12:41 PM IST

BSE Information Technology index added 1 percent led by the Xchanging Solutions, Kellton Tech Solutions, Intellect Design Arena

BSE Information Technology index added 1 percent led by the Xchanging Solutions, Kellton Tech Solutions, Intellect Design Arena

January 10, 2022 / 12:30 PM IST

Macquarie view on Paytm

Shares of Paytm parent One97 Communications fell more than 2 percent after Macquarie Securities India suggested that the company’s future earnings growth may be worse than it had earlier forecast.

The brokerage firm slashed its price target for the stock by 25 percent to Rs 900 from Rs 1,200 earlier, implying a further downside of 28 percent from the January 7 closing. Macquarie retained its ‘underperform’ rating on the stock.

Macquarie’s pessimism for the company comes when the stock has already fallen more than 38 percent from its high of Rs 1,955 on November 18, which followed a disastrous debut on Dalal Street.

January 10, 2022 / 12:24 PM IST

Coronavirun Update:

India on January 10 reported 1,79,723 new cases and 146 fatalities in the past 24 hours, according to data from the Union health ministry.

This has brought the total caseload to 3,57,07,727, as active COVID-19 cases now stand at 7,23,619. Meanwhile, 46,569 persons recovered from the disease in the past 24 hours which took the total recoveries to 3,45,00,172 across the country. India’s recovery rate now stands at 96.62 percent.

The worst-hit states are Maharashtra (44,388 cases), followed by West Bengal (24,287), Delhi (22,751), Tamil Nadu (12,895) and Karnataka (12,000). Click to Read More

January 10, 2022 / 12:17 PM IST

Sunteck Realty Business Updates:

Sunteck Realty has posted pre-sales of Rs 352 crore in Q3 FY22, up 29% on QoQ basis and Rs 800 crore in 9M FY22, up 23% on YoY basis. 

Its collections were Rs 270 crore in Q3 FY22, up 30% on QoQ basis and Rs 649 crore in 9M FY22, up 41% on YoY basis.

Sunteck Realty touched a 52-week high of Rs 552 and was quoting at Rs 548.95, up Rs 36.85, or 7.20 percent on the BSE.

January 10, 2022 / 12:09 PM IST

Gaurav Garg, Head of Research, Capitalvia Global Research:

The Indian benchmarks opened higher side with gains in heavyweights Maruti Suzuki, Infosys, and ITC due to widespread buying. In its first advance estimate, the National Statistical Office (NSO) said the Indian economy is on track to reclaim its footing, putting GDP growth at a moderate 9.2% this fiscal year, despite concerns about the impact of a resurgent virus on the fragile recovery. Now 17800 will play a strong support level for Nifty.

January 10, 2022 / 12:02 PM IST

Market at 12 PMBenchmark indices erased some of the intraday gains but still trading higher with Nifty around 17900.The Sensex was up 311.06 points or 0.52% at 60055.71, and the Nifty was up 95.60 points or 0.54% at 17908.30. About 2408 shares have advanced, 922 shares declined, and 102 shares are unchanged.

Market at 12 PM Benchmark indices erased some of the intraday gains but still trading higher with Nifty around 17900. The Sensex was up 311.06 points or 0.52% at 60055.71, and the Nifty was up 95.60 points or 0.54% at 17908.30. About 2408 shares have advanced, 922 shares declined, and 102 shares are unchanged.

January 10, 2022 / 11:54 AM IST

Anupam Rasayan signs LoI worth Rs 95 mn with multinational crop protection company

Anupam Rasayan has signed a Letter of Intent (LOI) worth USD 95 million (Rs 700 crore as per the current exchange rate) with one of the top ten multinational crop protection company for supplying a new life science related active ingredient. 

The company will enter into a long-term contract to supply this life science related speciality chemical product for the next five years. This new molecule is in addition to the existing product portfolio with this customer. 

Anupam Rasayan India was quoting at Rs 1,032.80, up Rs 7.05, or 0.69 percent.

January 10, 2022 / 11:49 AM IST

Most active stocks on NSE in terms of volumes

Most active stocks on NSE in terms of volumes