Check out the gainers and losers in opening trade
Market Open
Sensex is up 44.66 points or 0.07% at 60702.11. Nifty is up 17 points or 0.09% at 18060.00. About 1459 shares have advanced, 537 shares declined, and 112 shares are unchanged.
Markets in pre-opening session
At 09:03 am, Sensex is up 178.77 points or 0.29 percent at 60,836.22. Nifty is up 83.80 points or 0.46 percent at 18,126.
Rupee Check | Rupee opens at 82.77/$ vs Wednesday’s close of 82.80/$
Ameya Ranadive, Equity Research Analyst at Choice Broking
After volatile trading following the release of the minutes from the Federal Reserve’s most recent meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their pace of interest rate hikes, the S&P 500 finished higher on Wednesday but below its session peak.
According to market trends, the broader Indian index should rise 40 points at market opening, which would be a respectable start.
On January 4, domestic institutional investors (DII) bought shares worth Rs 773.6 crore, while foreign institutional investors (FII) sold shares worth Rs 2620.9 crore, according to preliminary data made available on the NSE. Due to FII selling, the market obviously declined yesterday and was unable to overcome its barrier.
Today, we anticipate a sideways and volatile market in a range before the first weekly expiry of Jan 2023.
Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd
Markets are expected to make a firm start on Thursday tracking positive global cues even as the US FOMC minutes showed no indication of going slow on rate hikes in the new year. Besides, local traders are taking the opportunity to book profit as concerns of higher valuations weigh while global macroeconomic concerns continue to remain a major worry. Domestic concerns can take solace from two positive catalysts; WTI oil prices tumbling 5% and the US 10-year bond yield declining to 3.71%.
Some stocks to watch out for in today’s trading session
–Adani Ports: December cargo volume at 25.1 MMT
–BSE: Sundararaman Ramamurthy takes charge as BSE MD, CEO
–Bajaj Finance: Record number of new loans booked in Q3
–Coal India: Agrees with unions to raise salaries by 19%
–HPCL: To build 9MMTPA refining plus petchem complex in Rajasthan
–Hindustan Unilever: Completes purchase of 19.8% in Nutritionalab
–IRB Infra: To split each share into 10
–Likhitha Infrastructure: Gets Rs 457 crore orders in Oct.-Dec.
–Mahindra Finance: RBI lifts curbs related to loan recovery
–Marico: Sees ‘modest’ Q3 operating profit growth on lower revenue gain
–NALCO: Board meeting on Jan 17 to consider interim dividend
–NTPC: NTPC Green Energy, HPCL sign Memorandum of Understanding
–Tata Motors: Electric cars seize unprecedented share of ailing UK auto market
–Tata Power: India CERC allows Tata Power compensation for emergency supplies
Godrej Properties sells over 1 million square feet of area in a new launch at its project Godrej Garden City in Ahmedabad
The company has sold 870 homes with a booking value of approximately Rs 435 crore since Celeste was launched in October 2022. Covering ~2.3 hectares, Celeste includes 8 towers and offers homes and retail outlets of various configurations, the company said in an exchange filing on January 5. The stock will be in focus in today’s trading session
Buzzing Stocks | Hindustan Unilever, Marico, HPCL and others in news today
Stocks to Watch: Check out the companies making headlines before the opening bell…. Read More
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Marico Q3 update: Firm says consolidated revenue grows in low single-digit YoY
FMCG firm Marico Ltd on January 4 stated that during the quarter ended December 31, 2022, its consolidated revenue grew in low single-digit on a year-on-year (YoY) basis due to a muted recovery in rural demand amid elevated inflation.
Marico noted that during the quarter, the FMCG sector witnessed some improvement in demand, which was more visible in specific categories buoyed by the festive fervour and oncoming winter season. Urban and premium categories maintained their steady pace of growth. “However, recovery in rural demand was not as discernible as retail inflation stayed at elevated levels,” it said in a regulatory filing.
