Sensex surges 634 points; Banking, Realty and Auto lead rally

Rupee gains 30 paise to 71.40 against dollar

Closing Bell

The BSE benchmark Sensex rallied 629 points at close of today's trade as global markets rebounded after the US offered to impose sanctions on Iran instead of military action, which diffused the escalating tension following missile strike by Iran at Iraq bases.

After hitting a peak of 41,482.12, the 30-share BSE index ended at 41,452.35, higher by 634.61 points or 1.55 per cent. Similarly, the broader NSE Nifty surged 191.70 points or 1.59 per cent to 12,217.05.

ICICI Bank was the top gainer in the Sensex pack, rising up to 3.80 per cent, followed by IndusInd Bank, SBI, Axis Bank, L&T, M&M, Maruti, Asian Paint, Bajaj Finance, Nestle and HDFC.

On the other hand, TCS, HCL Tech, NTPC and Sun Pharma closed in the red, shedding up to 1.70%.

India VIX dropped 10.05 per cent to 14.05 as against its previous close of 15.64 after US President Donald Trump said the US will impose sanctions on Iran instead of military action.

The VIX, often termed as the 'fear index,' is calculated in real time and it is a measure of expected price fluctuations in largecap and midcap stocks on the BSE and NSE bourses

Among the sectors, Nifty PSU Bank jumped over 2 per cent led by State Bank of India, PNB, Bank of Baroda and Canara Bank which added over 2 percent each followed by Syndicate Bank, Indian Bank and Union Bank of India.

Nifty Auto rose 2.68% and closed at 8,155.25 led by Tata Motors, Bharat Forge,  M&M and TVS Motors, which rose between 3 per cent and 5.50 per cent.

Nifty Bank was also up over 2 per cent ICICI Bank, IDFC First Bank, IndusInd Bank, RBL Bank and Axis Bank. The rise in banking shares was aided fall in yields and recovery in rupee.

Nifty Metal rose 1.45 per cent and the top gainers include JSW Steel, Hindustan Copper, NALCO, SAIL, Tata Steel, Welspun Corp and Hindalco Industries.

Nifty Realty is up 2.73 per cent and is at new 52-week high led by gains from DLF, Indiabulls Real Estate, Mahindra Lifespace and Sunteck Realty which jumped 3-4 per cent followed by Oberoi Realty and Sobha.

 

 

Sensex stocks

 

3.25 pm

PM meets economists, industry experts ahead of Budget

 

Ahead of the Union Budget for 2020-21, Prime Minister Narendra Modi on Thursday met economists and sector experts at the Niti Aayog to discuss the state of the economy and steps which can be taken to revive growth which is projected to drop to 5 per cent this fiscal.

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2.55 pm

 

BSE SECTORAL INDICES

 

2.30 pm

Banking, auto and realty lead market rally

The BSE Sensex was 599 points, or 1.47 per cent, up at 41,417.32, while the Nifty index was 180 points, or 1.50 percent, up at 12,205.

The BSE Midcap and Smallcap indices were up 1.35 percent and 1.70 per cent, respectively.

More than 200 stocks, including Tejas Networks, Indiabulls Integrated Services, Adani Green Energy, Dishman Carbogen Amcis and Lakshmi Vilas Bank, hit their upper circuits on BSE in today's session so far.

Moreover, Alkem Laboratories , DLF, and Balkrishna Industries were among the 75 stocks that touched their 52-week highs on BSE.

BSE 500 GAINERS

BSE 500 GAINERS

 

 

2.05 pm

Sensex stocks

Sensex stocks

 

2 pm

BSE SENSEX CHART

 

1.45 pm

Nifty 50 January Futures (12,235)

 

Following positive cues from the Asian markets, the Indian benchmark indices have rallied today. The Nifty and the Sensex spot indices have gone up by 1.3 per cent so far in today’s session. Among the Asian major indices, the Nikkei has gained by 2.2 per cent whereas the Hang Seng is up by 0.3 per cent today.

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1 pm

India VIX drops over 9% as war fear recedes

India VIX dropped 9 per cent to 14.11 as against its previous close of 15.64 since the market players see the risk due to military confrontation between the US and Iran gets mitigated after US President Donald Trump said the US will impose sanctions on Iran instead of military action.

India VIX, often termed as the 'fear index,' is calculated in real time and it is a measure of expected price fluctuations in largecap and midcap stocks on the BSE and NSE bourses

 

12.50 pm

AUTO STOCKS ON NSE

 

 

12.45 pm

NIFTY BANK STOCKS

NIFTY BANK CHART

 

12.45 pm

BSE HEALTHCARE STOCKS

BSE HEALTHCARE STOCKS

 

12.40 pm

Dishman Carbogen surges 5% on buyback proposal

 

Dishman Carbogen Amcis Ltd shares went up sharply today on the bourses after the company informed the BSE that the meeting of the Board of Directors will be held on January 16, 2020, to consider a proposal for buyback of equity shares of the company and also would consider a proposal to set up a Share Based Employee Benefit Scheme.

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12.30 pm

Broker's Call: ABB

 

JM Financial Services

CMP: ₹1,309.65

Target: ₹1,500

ABB is a holding company. The company’s segments include electrification products, robotics and motion, industrial automation, power grids, and corporate and others. The electrification products segment manufactures and sells products and services including low and medium-voltage switchgear, breakers, switches and control products.

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12.10 pm

Infosys' Q3 results on January 10

 

Software major Infosys will begin the earnings season on January 10, according to a release to the BSE.

The stock was one of underperformers during the third quarter (October-December), falling more than 9 per cent as against Nifty IT, mainly due to a whistlblower complaint.

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Infosys stock price on Jan 9, 2020 on BSE

 

11.50 am

IL&FS seeks EoI to sell stake in GRBDCL

 

IL&FS has sought Expression of Interest (EoI) for acquiring its entire stake in GRICL Rail Bridge Development Company Ltd (GRBDCL).


ITNL, a wholly owned subsidiary of IL&FS is the promoter shareholder of GRBDCL and holds 100 per cent of the equity shares of the company. GRBDCL is an under construction BOT asset of ITNL that will develop rail over bridges in Gujarat.

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11.30 am

Inflation likely to breach RBI target in December

 

Rising vegetable prices probably pushed retail inflation to its highest in more than five years in December, exceeding the Reserve Bank of India's medium-term target of 4% for a third straight month, a Reuters poll of economists predicted

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11.20 am

Bharti Airtel shares rise on QIP launch

 

Bharti Airtel share price went up to a high of 474.95, following the launch of its Qualified Institutional Placement (QIP) worth $2 billion.

At 10.20 am, the stock was quoted at Rs 464.15, up by Rs 5.30 or 1.16% on the NSE.

The telecom player on Wednesday launched qualified institutional placement (QIPs) and foreign currency convertible bond (FCCB) issues.

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11.10 am

Now, World Bank lowers India’s FY20 growth estimate to 5%

The World Bank on Wednesday lowered its growth estimate for India to 5 per cent for the current fiscal from the earlier projection of 6 per cent.

This is in line with the RBI’s and the government’s latest projection of 5 per cent growth rate for 2019-20. The multilateral agency has forecast global economic growth at 2.5 per cent in 2020.

READ MORE

 

10.55 am

 

 

Sensex stocks

 

10.50 am

Buy rupee on correction with stop-loss at 72

The market sentiment improved, aiding the rupee (INR) gain against the dollar (USD) on Wednesday. Facing downward pressure in the initial hours of the session, the Indian currency marked an intraday low of 72.07. However, it started to gain sharply as 72 is a solid support

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10.30 am

Spot gold may bounce to $1,575 before falling

Spot gold may bounce moderately to a resistance at $1,575 per ounce before turning around and testing a support at $1,553.

The deep fall from the Wednesday high of $1,610.90 suggests a reversal of the uptrend from the $1,458.17. The pattern from Jan. 6 looks like a head-and-shoulders, the right shoulder of which is developing.

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9.55 am

MCX COMMODITIES

Top Losers- Commodities

 

9.50 am

MCX GOLD and SILVER RATES

MCX Commodities prices (Futures)

 

9.40 am

Opening session

Equity benchmark BSE Sensex rallied over 500 points in opening session on Thursday as global markets rebounded after the US offered to embrace peace with the Iranian leadership in a bid to de-escalate tensions in the Middle East.

After hitting a peak of 41,318.18, the 30-share BSE index was trading 449.56 points or 1.10 per cent higher at 41,267.30. Similarly, the broader NSE Nifty surged 134.05 points or 1.11 per cent to 12,159.40.

SBI was the top gainer in the Sensex pack, rising up to 2.19 per cent, followed by IndusInd Bank, Bharti Airtel, Tata Steel, ICICI Bank, L&T, Axis Bank, Reliance Industries and HDFC twins.

On the other hand, TCS was the sole stock trading in the red.

In the previous session, Sensex ended 51.73 points, or 0.13 per cent, down at 40,817.74, while Nifty shed 27.60 points, or 0.23 per cent, to finish at 12,025.35.

Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 515.85 crore, while domestic institutional investors purchased shares worth Rs 748.40 crore on Wednesday, data available with stock exchanges showed.

 

 

9.40 am

METALS GAINERS ON NSE

 

9.35 am

BANK NIFTY GAINERS

 

9.30 am

Day Trading Guide for January 9, 2020

₹718 • Infosys

 

S1S2R1R2COMMENT
710700725734

 

Fresh long positions are recommended with a stiff stop-loss if the stock of Infosys advances above ₹725 levels

 

To read more click here to subscribe

9.25 am

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 125 points gain or 1.04 per cent.

SGX NIFTY 12,193.50, up by 125 points or 1.04%, touched a high of 12,201.

 

9.20 am

Rupee rallies 24 paise against dollar

The Indian rupee rose 24 paise to 71.46 against the US dollar in opening trade on Thursday as global tensions eased after as the United States and Iran backed away from the brink of further conflict in the Middle East

At 9.20 am, the rupee was quoted higher by 24 paise at 71.46 against the dollar.

 

9.15 am

Asian shares erase losses as Mideast tensions ease, oil ticks up

 

Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays.

US President Donald Trump responded overnight to an Iranian attack on US forces with sanctions, not violence.

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9.10 am

Top five news stories to watch out for on January 9, 2020

A peek into the most important events happening in India and around the world

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9.05 am

Sensex stocks

 

 

 

9 am

Broker's Call: Sobha (Buy)

 

ICICI Securities

CMP: ₹401.6

 

Sobha Ltd is engaged in the construction and development of residential and commercial projects. The company is also engaged in contractual projects. Its residential projects include luxury and super luxury apartments, villas, row houses, plotted development and aspirational homes. Its divisions include Sobha Contracting and Sobha Manufacturing.

READ MORE

 

 

8.55 am

Now, World Bank lowers India’s FY20 growth estimate to 5%

 

The World Bank on Wednesday lowered its growth estimate for India to 5 per cent for the current fiscal from the earlier projection of 6 per cent.

This is in line with the RBI’s and the government’s latest projection of 5 per cent growth rate for 2019-20. The multilateral agency has forecast global economic growth at 2.5 per cent in 2020.

READ MORE

8.50 am

HeidelbergCement India (₹193.3)

 

The stock of HeidelbergCement India has been in a short-term uptrend since taking support at ₹174 in mid-December 2019. Triggered by positive divergence in the daily relative strength index, the stock changed direction

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Published on January 09, 2020