Share Market Live Updates: Sensex gains 100 points, Nifty above 18,300; Maruti Suzuki rises 3%

Bulls strengthened their hold on Dalal Street with the benchmark equity indices extending their gains for the fourth straight week. The 30-share BSE Sensex advanced 2.47 per cent, or 1,478 points, to 61,223 on January 14 from around 59,745 levels on January 7. Likewise, the 50-share NSE Nifty index advanced 2.49 per cent, or 443 points, to 18,255 during the same period.

12:00 pm: Market check

The benchmark indices were trading higher in early trade today. Sensex was trading 123.8 points higher at 61,346.89 and Nifty was up over 50 points at 18,309.60.

Maruti Suzuki was the top gainer, advancing over 3 per cent. On the other hand, HCL Tech was the top loser, declining over 5 per cent on BSE.

11:30 am: Rupee trades in a narrow range

The Indian rupee was trading in a narrow range in morning trade on Monday as elevated crude oil prices negated the impact of positive domestic equities.

At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 paisa from the last close.

11:00 am: Sensex gains 100 points, Nifty above 18,300; Maruti Suzuki rises 3%

The benchmark indices were trading higher in early trade today. Sensex was trading 121 points higher at 61,350.98 and Nifty was up over 40 points at 18,300.

10:30 am: Hero MotoCorp shares gain 6%

Shares of Hero MotoCorp Limited rose 6 per cent to hit an intraday high of Rs 2,721.45 on the Bombay Stock Exchange (BSE) after the company announced a new investment of up to Rs 420 crore in Ather Energy.

"The company’s board has approved the investment in one or more tranches. Before the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8% (on a fully diluted basis). Post the investment, the shareholding will increase and the exact shareholding will be determined upon completion of capital raise round by Ather," Hero MotoCorp said in a regulatory filing.

Hero MotoCorp informed that it is an early investor in Ather Energy and has been a part of its growth story since 2016. The company is also exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology and sourcing.

10:00 am: Maruti Suzuki shares gain 3%

Shares of the country's largest carmaker were trading 3 per cent higher at Rs 8,334.85 on BSE after the company increased prices of its models by up to 4.3 per cent with immediate effect to partially offset the impact of the rise in input costs. 

The company raised prices across its models in the range of 0.1 per cent to 4.3 per cent owing to an increase in various input costs.

9:50 am: Future Group increases stake in Amar Chitra Katha to 68.72%

Future Group increased its stake in Amar Chitra Katha Private Limited (ACKPL), the publisher of Amar Chitra Katha comics, to 68.72 per cent, after conversion of debentures into equity. After this, Future Consumer holds a majority stake in ACKPL, the firm said in a BSE filing.
 
“The company holds 68.72 per cent of paid equity share capital of ACKPL and accordingly ACKPL has now become a subsidiary of the company,” the filing read.  These compulsorily convertible debentures have been converted by ACKPL according to the terms of the issue, which has a provision for full conversion into equity shares after expiry of three years.    

9:35 am: HCL Tech shares tank 6%

HCL Technologies on Friday reported a 13.6% year-on-year fall in consolidated net profit at Rs 3,442 crore for the quarter ending 31 December 2021. The IT major had posted a net profit of Rs 3,969 crore in the year-ago period. 

However, the company added that PAT for Q3FY21 was higher by $59.4 million (Rs 438 crore) due to reversal of a prior years’ tax provision due to a change in the method of calculating a tax deduction, basis evaluation of judicial rulings.

Excluding this, PAT for Q3 FY22 is down 4.7% YoY in dollar terms (down 2.9% YoY in INR terms), the company said in a regulatory filing.

The company's revenue rose 15.7% YoY to Rs 22,331 crore in the said quarter as against Rs 19,302 crore in the same quarter last fiscal. Sequentially, the revenue rose 8.1% and net profits grew 5.4%. The EBITDA margin stood at 23.4% and the EBIT margin at 19.0%, the company said.

9:16 am: Market opening

Indian benchmark indices opened flat amid mixed global cues. At 09:18 hours, the 30-share BSE index was trading 68 points higher at 61,291.20, and the broader NSE Nifty was down 17 points to 18,273.10.

M&M was the top gainer in the Sensex pack, advancing over 1 per cent, followed by Maruti, SBI, Infosys, Power Grid and Bajaj Finserv.

HCL Tech and Kotak Mahindra Bank were among the top Sensex losers.

9:10 am: M-cap of 8 of top-10 cos jumps over 2.34 lakh cr; RIL, Infosys, TCS top gainers

The market capitalisation (m-cap) of eight of the top 10 most-valued companies jumped to Rs 2,34,161.58 crore last week, with Reliance Industries Ltd. (RIL), Infosys and Tata Consultancy Services (TCS) emerging as the lead gainers.

The 30-share BSE benchmark Sensex jumped 1,478.38 points or 2.47 per cent last week. The m-cap of RIL zoomed Rs 69,503.71 crore to reach Rs 17,17,265.94 crore.

The market valuation of Infosys surged Rs 48,385.63 crore to Rs 8,10,927.25 crore. TCS added Rs 42,317.15 crore, taking its m-cap to Rs 14,68,245.97 crore. HDFC's market valuation zoomed Rs 21,125.41 crore to Rs 4,91,426.13 crore and that of ICICI Bank gained Rs 18,650.77 crore to reach Rs 5,69,511.37 crore.

9:05 am: Market at Pre-open

The benchmark indices were trading flat in the pre-open session. Sensex was trading 15 points lower at 61,207.6 and Nifty was down 23 points at 18,232.35.

8:45 am: Global Markets

The Dow closed lower on Friday with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.

On Wall Street, the S&P 500 ended 3.82 points higher at 4,662.85, the Nasdaq Composite added 86.9 points to 14,893.75 and the Dow Jones declined 201.8 points to 35,911.81.

In Asia, Nikkei Weighted index was up 0.69 per cent and Hang Seng was trading 0.57 per cent lower. Shanghai Composite was up 0.27 per cent.

8:40 am: FII and DII action

Foreign institutional investors (FIIs) sold shares worth Rs 1,598.20 crore on January 14, and domestic institutional investors (DIIs) purchased shares worth Rs 371.41 crore, as per provisional data available on NSE.

8:35 am: Rupee fell 25 paise

The rupee on Friday slumped 25 paise to close at 74.15 (provisional) against the U.S. dollar, as muted domestic equities and elevated crude oil prices weighed on investor sentiments.

8:30 am: SGX Nifty

The Indian equity market is likely to open on a flat note as SGX Nifty was down 22.75 points to 18,213.20 at 8:30 am.

Singapore Nifty (SGX Nifty) is the Indian Nifty index that is traded in the Singapore Stock Exchange and is considered to be the first indication of the opening of the Indian market.

8:15 am: Market on Friday

Sensex closed 12 points lower at 61,223 and Nifty fell 2 points to 18,255. 

Asian Paints, Axis Bank and HUL shares were the top Sensex losers, falling up to 2.66% on BSE. BSE mid cap and small cap indices rose 58 points and 153 points, respectively.

Market cap of BSE-listed firms rose to Rs 278.49 lakh crore against Rs 278.14 lakh crore in the previous session. Of 30 Sensex shares, 18 ended in the red.