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January 11, 2023 / 04:12 PM IST

Closing Bell: Sensex, Nifty end flat amid high volatility; metals shine, FMCG drags

On the sectoral front, selling was seen in the FMCG, auto, pharma, power and oil & gas, while buying was seen in the bank, metal and information technology names.

  • Closing Bell: Sensex, Nifty end flat amid high volatility; metals shine, FMCG drags
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:22 PM IST

      Expect Rupee to trade with a positive bias: Anuj Choudhary

    • 03:19 PM IST

      Morgan Stanley keeps 'Underweight' rating on Samvardhana Motherson; target at Rs 70.67

    • 03:15 PM IST

      Morgan Stanley keeps 'Underweight' rating on Cyient; target Rs 730

    • 03:10 PM IST

      Bharti Airtel today announced the launch of its cutting edge 5G services in Kochi

    • 03:08 PM IST

      Krishan Kumar Chutani shall continue as CEO of Dabur till Jan 13 instead of Feb 28

    • 03:00 PM IST

      Indices marginally higher in the volatile session; metals shine, FMCG falls

    • 02:59 PM IST

      JBM Auto launches India’s first indigenous electric luxury coach

    • 02:48 PM IST

      Way2wealth maintains buy on Gravita India with a target of Rs 500-510

    • 02:41 PM IST

      CLSA keeps 'Buy' rating on L&T, target Rs 2,570

    • 02:25 PM IST

      Dabur India says Krishan Kumar Chutani shall continue as CEO of Dabur International till January 13 instead of February 28

    • 02:01 PM IST

      Indices trade flat, Nifty around 17,900; IT, metals gain

    • 01:49 PM IST

      Reliance Jio launches 5G services in Uttarakhand

    • 01:45 PM IST

      Gold climbs 8-month high ahead of U.S. inflation test

    • 01:42 PM IST

      Oil falls as rising US stockpiles, economic uncertainty renew demand conce

    • 01:25 PM IST

      Forget interest rate cuts in CY2023, go slow on long-duration MFs: Sandeep Bagla

    • 01:12 PM IST

      Union Bank Of India hikes lending rates; board meet on January 20

    • 01:02 PM IST

      Indices trade flat amid volatility; Hindalco, BPCL, TCS top gainers

    • 12:50 PM IST

      Nifty Auto Index slips 0.5 percent dragged by Sona BLW Precision Forgings, Tube Investments OF India, MRF

    • 12:44 PM IST

      RVNL gets LoA for a project from Chennai Metro Rail

    • 12:41 PM IST

      BSE Power index sheds 0.6 percent dragged by Adani Transmission, NTPC, Adani Power

    • 12:29 PM IST

      Hindalco Industries board approves fundraising of up to Rs 700 crore

    • 12:23 PM IST

      Expect a growth-oriented Budget, but further volatility in markets: Parteek Agarwal

    • 12:17 PM IST

      Marksans Pharma to issue convertible warrants worth Rs 372 crore to promoter & OrbiMed Asia

    • 12:11 PM IST

      USFDA issues Form-483, with six observations to Piramal Pharma

    • 12:02 PM IST

      Sensex, Nifty trade flat amid volatility; Tata Motors, Adani Enterprises most active

    • 11:44 AM IST

      Uttam Sugar Mills gains as company increases distillery, cane crushing capacities

    • 11:38 AM IST

      Bank of Baroda hikes MCLR by up to 35 bps

    • 11:33 AM IST

      Castrol completes acquisition of 7.09% stake in ki Mobility Solutions

    • 11:28 AM IST

      CLSA on L&T: Buy rating, target at Rs 2,570/sh

    • 11:15 AM IST

      Greaves Cotton shares rise on unveiling new EV models in Auto Expo

    • 11:04 AM IST

      About 1841 shares have advanced, 1201 shares declined, and 132 shares are unchanged

    • 10:49 AM IST

      Tata Motors subsidiary completes acquisition of Ford India's Sanand plant

    • 10:47 AM IST

      Adani Ports and Gadot Group completes acquisition of Haifa Port Company

    • 10:41 AM IST

      BSE Metal index added 1 percent led by NALCO, Hindalco Industries, SAIL

    • 10:35 AM IST

      Axis Bank to pick up remaining 7% stake in Max Life; Jefferies sees 16% upside in stock

    • 10:27 AM IST

      Cupid bags order from United Nations Population Fund

    • 10:24 AM IST

      Sun Pharma launches anti-cancer drug Palbociclib in India

    • 10:21 AM IST

      BSE Information Technology index up nearly 1 percent supported by Moschip Technologies, Xelpmoc Design and Tech, L&T Technology Services

    • 10:09 AM IST

      Captain Pipes to consider stock split, bonus issue on January 27

    • 10:01 AM IST

      Indices trade flat with Nifty around 17900

    • 09:49 AM IST

      JPMorgan cuts target of Bharti Airtel to Rs 710

    • 09:49 AM IST

      Citrine Fund sells nearly Rs 25 crore shares in Tuticorin Alkali Chemicals

    • 09:38 AM IST

      BSE Metal index up nearly 1 percent supported by APL Apollo Tubes, Hindalco Industries, JSW Steel

    • 09:34 AM IST

      Nifty PSU Bank index falls nearly 1 percent dragged by Indian Overseas Bank, Bank of India, Bank of Maharashtra

    • 09:32 AM IST

      Bilcare shares gains 4% as Rekha Jhunjhunwala offloaded further stake

    • 09:29 AM IST

      Raamdeo Agrawal says corporate earnings will have to justify valuations

    • 09:24 AM IST

      Adani Wilmar reports sales growth in high single digits in third quarter

    • 09:19 AM IST

      PC Jeweller clocks 38% growth in domestic turnover for Q3FY23

    • 09:14 AM IST

      Fed's rate hikes might go beyond 5%: JP Morgan

    • 08:51 AM IST

      Local shares are expected to open on a higher note amid firm global cues: Prashanth Tapse

    • 08:44 AM IST

      Oil slips as US crude, fuel inventories reignite demand concerns

    • 08:32 AM IST

      Asian shares subdued, dollar steady, focus on US CPI data

    • 08:25 AM IST

      SEBI clears path for non-promoter shareholders to opt for OFS route

    • 08:16 AM IST

      USDINR can fall further over the near term: Anindya Banerjee

    • 08:05 AM IST

      Indian economy to grow at the rate of 6.6% in fiscal year 2023-24: World Bank

    • 07:59 AM IST

      Wall Street ends higher, Jerome Powell comments avoid rate policy

    • 07:51 AM IST

      Dollar stands firm while traders await CPI

    • 07:49 AM IST

      Gold at 8-month peak on weaker dollar, slower rate-hike hopes

    • 07:39 AM IST

      SGX Nifty indicates a flat start for the Indian indices

    • 07:37 AM IST

      Asian indices trade mostly in the green with Nikkei up 1 percent, Hang Seng up 0.8 percent

  • IndexPricesChangeChange%
    Sensex60,105.50-9.98 -0.02%
    Nifty 5017,895.70-18.45 -0.10%
    Nifty Bank42,232.70217.95 +0.52%
    Nifty 50 17,895.70 -18.45 (-0.10%)
    Wed, Jan 11, 2023
    Biggest GainerPricesChangeChange%
    Hindalco490.9513.40 +2.81%
    Biggest LoserPricesChangeChange%
    Bharti Airtel765.55-27.30 -3.44%
    Best SectorPricesChangeChange%
    Nifty Metal6792.1550.45 +0.75%
    Worst SectorPricesChangeChange%
    Nifty FMCG44123.00-503.10 -1.13%


  • January 11, 2023 / 04:13 PM IST

    Kunal Shah, Senior Technical Analyst at LKP Securities

    The Bank Nifty index witnessed a volatile trading session but managed to hold the immediate support level of 42,000. 

    The index is likely to remain volatile in the coming session, and a break below 41,700 will accelerate the move on the downside.

    The upper end of the intermediate resistance zone is seen at 42,350-42,400, and the short covering is expected towards the 42,700 level.

  • January 11, 2023 / 04:08 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services

    After a volatile session, the domestic market anchored near the flat line as investors remained cautious ahead of the release of inflation data, though positive sentiments from global counterparts attempted multiple recoveries in between. India’s CPI for December is projected to remain unchanged, while the US CPI is estimated to further cool down from November’s level of 7.1%. The relentless selling by FIIs as a result of the premium valuation of the domestic market is weighing on the domestic market.

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  • January 11, 2023 / 04:01 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    The Nifty has been witnessing sharp swings in both the directions, which is a part of the short term consolidation process. In terms of the price patterns, the oscillations in the last few sessions have resulted in a triangular pattern formation. 

    The Nifty received support on the downside as it approached the lower end of the pattern. 17,800 is a key support on the downside. Unless that breaks on a closing basis, the index is expected to witness recovery once again. 

    On the higher side, immediate hurdle is at 18,000 beyond which it can test 18,100-18,150 in the short term.  

  • January 11, 2023 / 03:54 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

    While the markets moved in a narrow range, select bouts of intra-day volatility continued to keep investors at bay. The latest US Federal Reserve chairman's speech too didn't signal any moderation in their rate hike approach going ahead, which has been hurting investors' sentiment. 

    Currently the market is witnessing non directional activity and, perhaps, traders are waiting for the either side breakout. 

    For bulls 18,000 would be the important breakout level to watch out for and above the same, we can expect a quick uptrend rally towards 18,100-18,150 levels. On the flip side, trading below 17,800 may trigger further weakness up to 17,700-17,675.

  • January 11, 2023 / 03:32 PM IST

    Rupee Close:

    Indian rupee closed 21 paise higher at 81.57 per dollar against previous close of 81.78.

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  • January 11, 2023 / 03:30 PM IST

    Market Close: Benchmark indices ended flat in the highly volatile session on January 11.

    At Close, the Sensex was down 9.98 points or 0.02% at 60,105.50, and the Nifty was down 18.50 points or 0.10% at 17,895.70. About 1830 shares have advanced, 1566 shares declined, and 142 shares are unchanged.

    Hindalco Industries, Sun Pharma, BPCL, UltraTech Cement and HDFC Bank were among the top gainers on the Nifty, while losers included Bharti Airtel, Cipla, Divis Labs, Apollo Hospitals and HUL.

    On the sectoral front, selling was seen in the FMCG, auto, pharma, power and oil & gas, while buying was seen in the bank, metal and information technology names.

    The BSE midcap and smallcap indices ended on flat note.

  • January 11, 2023 / 03:22 PM IST

    Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas

    Indian Rupee appreciated by 0.23% on Wednesday extending gains of the previous day on foreign inflows from bonds selling and positive domestic equities and overall weakness in crude oil prices. However, FII outflows and recovery in US Dollar capped sharp gains. 

    Dollar gained as traders are adjusting their positions ahead of US CPI inflation data due to be released tomorrow. Dollar also gained on safe haven appeal as World Bank trimmed 2023 global GDP forecast to 1.7% citing Russia-Ukraine conflict, inflation and higher interest rates as the main reasons.

    We expect Rupee to trade with a positive bias amid risk-on sentiments weak crude oil prices. However, sustained outflows by foreign investors may cap sharp gains. Investors may remain cautious ahead of inflation data from US and India tomorrow. USDINR spot price is expected to trade in a range of Rs 81 to Rs 82.

  • January 11, 2023 / 03:19 PM IST

    Morgan Stanley View on Autos 

    -China reopening could be a positive for JLR/Tata Motors and Samvardhana Motherson International (SAMIL)
    -But, do not see earnings upside for the sector now
    -Keeps overweight rating on Tata Motors, target at Rs 502 per share
    -Keeps Underweight rating on Samvardhana Motherson; target at Rs 70.67 per share
    -High interest rate environment is a risk to global PV demand & SAMIL

  • January 11, 2023 / 03:15 PM IST

    Morgan Stanley keeps 'Underweight' rating on Cyient

    -Underweight rating, target at Rs 730 per share
    -Continue to see a potential partial divestment of the DLM biz as positive for Cyient 
    -It would provide greater flexibility to scale up the business 
    -May unlock shareholder value 
    -Some of this optimism may already be baked into stock price

    Cyient was quoting at Rs 847.80, up Rs 7.55, or 0.90 percent on the BSE.

  • January 11, 2023 / 03:10 PM IST

    Bharti Airtel today announced the launch of its cutting edge 5G services in Kochi

    Airtel 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out. Customers with 5G enabled devices will enjoy high speed Airtel 5G Plus network at no extra cost until the roll out is more widespread.

    Airtel will augment its network making its services available across the city in due course of time.

     Bharti Airtel today announced the launch of its cutting edge 5G services in Kochi  

 Airtel 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out. Customers with 5G enabled devices will enjoy high speed Airtel 5G Plus network at no extra cost until the roll out is more widespread. 

 Airtel will augment its network making its services available across the city in due course of time.
  • ADVERTISEMENT
  • January 11, 2023 / 03:08 PM IST

    Krishan Kumar Chutani shall continue as CEO of Dabur till Jan 13 instead of Feb 28

    Mr. Krishan Kumar Chutani - CEO of Dabur International Limited shall continue in the company till the close of business hours on 13th January, 2023 instead of 28th February, 2023 as informed earlier.

    Mr. Raghav Agrawal has taken over from Mr. Krishan Kumar Chutani as CEO of Dabur International Limited

    Dabur India was quoting at Rs 549.10, down Rs 5.35, or 0.96 percent.

  • January 11, 2023 / 03:00 PM IST

    Market at 3 PM

    Benchmark indices were trading marginally higher in the volatile session.

    The Sensex was up 119.91 points or 0.20% at 60235.39, and the Nifty was up 19.70 points or 0.11% at 17933.90. About 1751 shares have advanced, 1487 shares declined, and 120 shares are unchanged.

     Market at 3 PM  

 Benchmark indices were trading marginally higher in the volatile session. 

 The Sensex was up 119.91 points or 0.20% at 60235.39, and the Nifty was up 19.70 points or 0.11% at 17933.90. About 1751 shares have advanced, 1487 shares declined, and 120 shares are unchanged.