MARKETS: Sensex up 50 pts, Nifty atop 17,900; Zomato gains 2%, ITC 1%
Last Updated on January 20, 2023 by Admin
[ad_1]
Opening Bell
LIVE market updates: Frontline indices started higher on Dalal Street on Thursday amid gains in PSU Bank, FMCG, and metal stocks.
.
.
Among individual stocks, ITC rose 1 per cent and was the top performer on the Sensex index, followed by SBI, Asian Paints, Power Grid, and Titan Company. On the downside, M&M was the biggest laggard, down 1.2 per cent.
.
Shares of Vedanta, meanwhile, slipped around 2 per cent on the Nifty on profit booking after the company said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses.
.
.
Phoenix Mills shares also jumped 2 per cent after Canada Pension Plan Investment Board (CPPIB) completed its first tranche of investment worth Rs 787 crore in the company’s subsidiary.
====================================================================
Pre-opening session
LIVE market updates:
The BSE Sensex fell 39 points in pre-open deals at 59,969 levels. The Nifty50, meanwhile, dipped 8 points at 17,890.
Britannia Industries, Asian Paints, Hindalco, and Adani Ports are the top stocks on the Nifty in pre-open deals.
=====================================================================
Updated at 8:15 AM
LIVE market updates: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves. All eyes, however, will be on the listing of Paytm and Sapphire Foods today.
At 8:05 AM, SGX Nifty was at 17,877, down 7 points.
Primary Market Update
Go Fashion (India) IPO was subscribed 2.5 times at the end of Day 1. The retail quota received bids for 12.1 times.
Global cues
In Asia, Nikkei and Hang Seng were down 0.5 per cent and 1 per cent, respectively, while Shanghai Composite was up 0.4 per cent. Kospi and Straits Times slipped 0.5 per cent and 0.2 per cent, respectively. Taiwan, however, was up 0.2 per cent.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
[ad_2]
Source link
