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02.01 / 05:32
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Indian stock market has more upside potential despite fair valuations, says Motilal Oswal; ITC, SBI among top picks
Also Read: FPI flows into India may remain supportive for markets during 2024 feel expert Brokerage firm Motilal Oswal Financial Services believes the Indian markets have further upside potential which will be a function of US Federal Reserve’s stance on interest rates and continued earnings delivery versus expectations in the near term. Moreover, the market capitalization-to-GDP ratio is at 124% and the brokerage firm expects nominal GDP to increase 8.2% and 10.1% YoY in FY24 and FY25).
02.01 / 03:55
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Bitcoin price surges above $45,000 for first time since April 2022 on ETF approval hopes
Also Read: Bitcoin jumps 160% in 2023 amid roller coaster ride; What lies ahead for cryptocurrencies? The rally in Bitcoin price comes on expectation that the US Securities and Exchange Commission (SEC) will approve the launch of a spot bitcoin Exchange-Traded Fund (ETF). As per a Reuters report, the SEC is required to either approve or reject the Ark/21Shares ETF by January 10.
02.01 / 02:33
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Indian stock market: 6 things that changed for market overnight - Gift Nifty, rise in oil prices to steady dollar
Catch Live Market Updates here The Indian stock market indices ended flat on Monday, the first trading of the new year 2024, while the second rung midcap and smallcap indices clocked healthy gains. The Sensex gained 31.68 points, or 0.04%, to close at 72,271.9, while the Nifty 50 ended 10.50 points, or 0.05%, higher at 21,741.90. “Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields.
02.01 / 02:25
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 2
Catch Live Market Updates here On Monday, the domestic benchmark indices hit a new high but witnessed profit booking at higher levels, ending flat with a positive bias. The Sensex gained 31.68 points to close at 72,271.9, while the Nifty 50 ended 10.50 points, or 0.05%, higher at 21,741.90. Nifty 50 formed a small body of positive candles on the daily chart with upper and lower shadows.
01.01 / 10:54
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Shri Balaji Valve Components IPO allotment to be out soon; Here’s latest GMP, steps to check status
Shri Balaji Valve Components IPO is an SME IPO which opened for subscription on December 27, 2023, and concluded on December 29, 2023. Shri Balaji Valve Components IPO allotment date is fixed on Monday, January 1, 2024. The shares will list on BSE SME, with a tentative listing date fixed on January 3.
01.01 / 10:51
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Esconet Technologies files DRHP with SEBI for NSE SME listing
₹10. The issue's book running lead manager is Corporate Capital Ventures, with Skyline Financial Services serving as the registrar.
01.01 / 10:48
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Kay Cee Energy & Infra IPO: Check GMP, subscription status on day 3, other key details
₹51 to ₹54. Kay Cee Energy & Infra IPO lot size consists of 2,000 shares.
01.01 / 07:52
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QSR sector sees no material recovery in 3QFY24, says Antique Stock Broking; prefers Sapphire Foods, Devyani Intl
Also Read: Zomato rings in record New Year's Eve, delivering almost as much as combined orders of NYE 15, 16, 17, 18, 19, 20 “QSR companies have not witnessed any material recovery in 3QFY24 compared to 2QFY24. There were expectations of strong sequential recovery in 3Q due to the weak base on account of a longer Shravan month (veg eating month), delayed festivals, and inflation impacting discretionary spending," the brokerage said.
01.01 / 07:51
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Manoj Ceramic IPO allotment expected today. Latest GMP, how to check application status
BSE SME, with a tentative listing date fixed on January 3. Investors can check Manoj Ceramic IPO allotment status on the IPO registrar’s website as well as on the BSE website. Also Read: Manoj Ceramic IPO: A look at GMP, subscription status and other details Manoj Ceramic IPO registrar is Purva Sharegistry India Pvt Ltd.
01.01 / 07:28
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M&M auto sales in December rise 6% YoY to 60,188 units; tractor sales drop 18%
M&M’s total domestic Passenger Vehicles (PV) sales in December 2023 rose 24% to 35,174 units from 28,445 units in December 2022. Also Read: Bajaj Auto December sales grow 16% YoY to 3.26 lakh units; two-wheeler sales up 15% In the Utility Vehicles segment, M&M sold 35,171 vehicles in the domestic market, a growth of 24% and overall, 36,349 vehicles, including exports. The domestic sales for Commercial Vehicles (CV) stood at 17,888.
01.01 / 07:27
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Stocks to buy this week: Wipro, Eicher Motors, IPCA Labs among 9 technical picks; do you own any?
Markets brace for January storm as retail, institutions face off in derivatives (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Wipro has made a solid base near ₹400–420 levels. The time retracement is 0.886 approximately, along with a price retracement of 0.618 approximately on the monthly timeframe.
01.01 / 05:50
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Dalmia Bharat share price rises over 3% in a weak market; Motilal Oswal sees a 23% upside
Dalmia Bharat share price rose over 3 per cent in an otherwise weak market on Monday, January 1. Dalmia Bharat share price opened at ₹2,280.05 against the previous close of ₹2,274.30 and rose 3.4 per cent to the level of ₹2,352.35. On the other hand, equity benchmark Sensex declined over 200 per cent in morning trade.
01.01 / 05:42
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AGRO
Sameera Agro And Infra share price hits 5% lower circuit after muted debut on NSE SME
₹180, which is same as the issue price. Following its debut, Sameera Agro And Infra share price slipped into the red, and was locked in 5% lower circuit.
01.01 / 05:38
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Emami share price rallies over 4% to hit a 52-week high; Emkay Global sees 10% more upside on attractive valuations
BSE, extending the stellar rally seen over the past one week. Emami shares jumped as much as 4.34% to a fresh high of ₹588.65 apiece on the BSE. In the past one week, Emami shares have risen 16%, which is largely a factor of attractive valuations, analysts said.
01.01 / 05:03
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RailTel Corporation share price extends gain for the second straight session; up over 168% in 2023
₹363.65 on the BSE. RailTel Corporation share price today opened at ₹340.40 apiece on BSE.
01.01 / 04:39
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Integra
Bajaj Auto December sales grow 16% YoY to 3.26 lakh units; two-wheeler sales up 15%
Also Read: Hero Moto, TVS, Eicher, Maruti, M&M may see strong December wholesale numbers. CV sales number may be soft In the two-wheeler segment, Bajaj Auto’s total wholesales were 2,83,001 units, up 15% from 2,47,052 units. The company sold 1,58,370 units of two-wheeler in the domestic market, a growth of 26% from 1,25,553 units, YoY.
01.01 / 03:05
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Weekend
Indian stock market: 6 things that changed for market over weekend - Gift Nifty, FPI buying to China’s factory activity
Asian markets are closed today. The US and most European markets will also remain closed today. Catch Live Market Updates here The domestic benchmark indices ended on Friday, the last trading day of 2023, on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights.
01.01 / 03:02
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 1
Catch Live Market Updates here On Friday, the domestic benchmark indices snapped their five-day winning streak to end lower on profit-booking after the recent run up. The Sensex ended 170.12 points lower at 72,240.26, while the Nifty 50 declined 47.30 points, or 0.22%, to settle at 21,731.40, on December 29. Nifty 50 formed a small negative candle on the daily chart with minor upper and lower shadows.
31.12 / 16:37
SEC
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Morning Coffee: Morgan Stanley bankers live in fear of the text message cops. The new franchises that are hiring in Asia
According to people speaking off the record to the New York Post, Morgan Stanley bankers’ biggest wish for the New Year isn’t for a bull market, a revival of SPACs or even a tiny bit of good news about their Elon Musk loan exposure. They are hoping that when Ted Pick takes over as CEO, he will end the reign of terror over WhatsApp messages.
31.12 / 14:35
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European bankers are weirdly optimistic about bonuses this year
Who in finance is getting the biggest bonuses this year?
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