MARKETS: Sensex up 100 pts, Nifty above 18,000; Vodafone Idea crashes 15%

Stock market LIVE: In the broader market, the BSE MidCap and SmallCap indices were also in the green zone and were up 0.2 and 0.6 per cent, respectively.

Topics
MARKET LIVE | Markets | Nifty

SI Reporter  |  New Delhi 

Opening Bell

LIVE market updates: The benchmark indices started on a positive note on Monday extending the previous session's strong rally. The BSE Sensex was up over 174 points at 60,570, and the NSE Nifty was at 18,047, higher by 44 points.

In the broader market, the BSE MidCap and SmallCap indices were also in the green zone and were up 0.2 and 0.6 per cent, respectively.

Among the Sensex-30 constituents, HDFC, NTPC, Ultratech Cement,PowerGrid, Sun Pharma, HUL, IndusInd Bank, Bajaj Finserv, Titan, and Dr Reddy's were the top gainers, up between 0.4-1.6 per cent. On the Nifty, Grasim, Tata Consumer, Shree Cement were the additional gainers.

Meanwhile, Tata steel, Bajaj Finance, Asian Paints, M&M, Kotak Bank, L&T, ICICI Bank, SBI, and Axis Bank were the top losers, down 0.3-4 per cent on the BSE.

All sectoral indices were largely with Nifty Metals down over 1 per cent. Banks and Auto indices were also in the red zone. Pharma and IT, on the othe hand, were leading gains.

Among stocks, shares of Vodafone Idea crashed 15 per cent on BSE after the company said that the government will own almost 36 per cent in the wireless phone operator after its board approved conversion of dues into equity. This will result in dilution for all the existing shareholders of the company, including the founders, it said.

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Pre-open session

LIVE market updates: The benchmark indices were subdued in the pre-open trade. The BSE Sensex was down 107 points at 60,288, while the NSE Nifty was at 17,967, lower by 36 points.

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LIVE market updates: Amid weak global cues, the benchmark indices are likely to start on a negative note on Tuesday a day after a strong rally in the preceding session. At 8:10 am, the SGX Nifty futures quoted 18,003 level, 51 points lower than Nifty's spot close on Monday.

On Monday, the Nifty reclaimed its 18,000-mark for the first time since November 15, 2021. The Sensex and the Nifty ended over 1 per cent higher.

Among individual shares, Delta Corp, Ganesh Housing, Hathway Bhawani are likely to be in focus as these companies announce their December quarter results today.

Indo Count Industries may also be in the limelight as rating agency ICRA has upgraded its credit rating for the company's long term bank facilities and reaffirmed credit rating for the short term bank facilities.

Global cues

The US markets recouped most of their losses in intraday trade on Monday. At close, Dow Jones was down 0.5 per cent, and the S&P 500 was down 0.1 per cent. Nasdaq, however, ended flat, recovering nearly 3 per cent from the day’s low. Earlier in the day, stocks fell as the 10-year Treasury yield rose to a two-year high at 1.8 per cent, with bets placed for as early as March rate hike.

Meanwhile, oil prices dipped in trade on Monday. Brent Crude slipped 1.1 per cent to $80.87 a barrel, while WTI Crude was down 0.9 per cent at $78.23 a barrel.

On Tuesday morning major markets in Asia exhibited a negative trend. Japan’s Nikkei slipped 0.8 per cent. Hang Seng and Taiwan declined 0.4 per cent each, while Straits Times and Kospi were down 0.1 per cent each. The Shanghai Composite was flat

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First Published: Tue, January 11 2022. 08:22 IST
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