17 Jan 2024, 11:04 AM IST
Sensex Crash Today Live: 11 am market update
At 11 am the Sensex was down 1,048.31 points or 1.43% at 72,080.46, and the Nifty was down 291.20 points or 1.32% at 21,741.10.
17 Jan 2024, 11:03 AM IST
Sensex Crash Today Live: IT, Media only sectors in the green
17 Jan 2024, 11:00 AM IST
Sensex Crash Today Live: Infosys recognised as Top-3 IT services brand globally
Infosys announced today that it has been recognised as a Top 3 IT services brand globally and the fastest-growing IT services brand over a five-year period in Brand Finance’s Global 500 report for 2024. Infosys’s brand value has more than doubled in last five years and it is the 145th most valuable brand in the world, according to the report.
17 Jan 2024, 10:54 AM IST
Sensex Crash Today Live: Hareesh V, head of commodities, Geojit Financial Services on gold outlook
“Since domestic prices are at a near-record high, there are chances of a correction possibly in the first quarter of 2024. However, a weak INR and expectations of jewelry demand would offer downside support and hence it may preserve its positive outlook in the coming year as well.
“At the same time, gold in the international market is likely to face some headwinds so it may trade in a tight range with minimum chances for major rallies or liquidation. US policy decisions, firm equities, and the performance of US assets would be the downside obstacles while the chances of low interest rates, geopolitical uncertainties, and central bank purchases are likely to dent major liquidation in prices.”
17 Jan 2024, 10:38 AM IST
Sensex Crash Today Live: L&T Construction wins orders for buildings & factories business in India, Oman
L&T’s buildings & factories business has secured orders in India & Oman.
The residential business has secured a significant repeat order from the Government Planning & Development Authority, Maharashtra, to construct EWS housing, 14 towers and related infrastructure in Navi Mumbai.
L&T’s Oman entity has been awarded a contract for a mixed-use development project by a reputed private client in Muscat.
17 Jan 2024, 10:35 AM IST
Sensex Crash Today Live: Morgan Stanley on HDFC Bank
-Overweight call, target ₹2,110 a share
-Profit after tax grew by 2% qoq in Q3 owing to lower taxes, beating estimate by about 4%
-NII was up 4% QoQ, in-line with estimate
-Margins were stable as expected
-Core PPoP was up 3% qoq, broadly in line with estimate
-Credit costs were higher than estimated, largely owing to one-time contingency provisions
17 Jan 2024, 10:16 AM IST
Sensex Crash Today Live: ICICI Lombard stock up more than 5% after Q3 results
The company registered 22.4% year-on-year growth in net profit at ₹431 crore for the December quarter, while the gross direct premium income increased by 13.4% to ₹6,230 crore.
The stock is currently up 5.42% at ₹1,448.75.
17 Jan 2024, 10:09 AM IST
Sensex Today Live: Rahul Kalantri, VP, commodities, Mehta Equities
“Crude oil experienced significant volatility before settling on a stable trajectory. The dollar index strengthened, reaching a one-month high, thereby restraining the upward momentum of crude oil in the global markets. Additionally, milder weather conditions in the US during the latter half of January contributed to a decline in oil prices, as the potential for warmer weather could reduce the demand for heating oil.
“The surge in US stocks over the past two weeks, driven by increased US production and decreased demand, exceeded expectations. Despite this, geopolitical tensions in the Red Sea and positive Chinese stimulus measures provided support to oil prices.
“Anticipating continued volatility, we project crude oil prices to fluctuate during today’s session. Support for crude oil is identified at $71.40–70.50, with resistance at $72.85-73.50 in today’s session. In terms of INR, crude oil has support at ₹5,920-5,840, while resistance is at ₹6,110-6,190.”
17 Jan 2024, 10:06 AM IST
Sensex Crash Today Live: LIC overtakes SBI as most valuable PSU stock
With LIC’s stock up almost 2% today and SBI’s down 0.7%, LIC’s market cap is now ₹5.75 lakh crore and SBI’s is ₹5.65 lakh crore.
17 Jan 2024, 10:04 AM IST
Sensex Crash Today Live: 10 am market update
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