Hindustan Copper Share Price Live: Stock Up 4%
The scrip rose as much as 3.98% to Rs 574.60 apiece on Tuesday, the highest level since Feb. 11, 2010. It pared gains to trade 2.79% higher at Rs 568 apiece, as of 10:10 a.m. This compares to a 0.01% decline in the NSE Nifty 50 Index.
It has risen 141.41% in the last 12 months. Total traded volume so far in the day stood at 0.54 times its 30-day average. The relative strength index was at 66.50.
Stock Market Live: Nifty Above 26,200, Sensex Falls Nearly 100 Points
After a negative open Nifty saw some recovery with the index rising 0.05% and trading above the 26,200 mark. However, Sensex continued to trade in the red.
GM Breweries Shares In Focus Ahead Of Q3 Earnings
GM Breweries shares rose as much as 4% to hit over two-month high ahead of its third quarter earnings. The scrip rose as much as 4.09% to Rs 1,298.80 apiece on Tuesday, the highest level since Nov. 4. It pared gains to trade 2.34% higher at Rs 1,277 apiece, as of 10:01 a.m. This compares to a 0.05% advance in the NSE Nifty 50 Index.
It has risen 60.28% in the last 12 months and 20.28% year-to-date. Total traded volume so far in the day stood at 0.95 times its 30-day average. The relative strength index was at 76.12, indicating it is overbought.
Adani Power Share Price Update: Large Trade In Stock
Over 2.18 million shares of Adani Power were traded via a block deal on Tuesday. The share of Adani Power rose as much as 1.46% to Rs 148.34 apiece.
Trent Shares Live Updates: What’s not working?
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Six quarters of sub 50% growth
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Revenue growth on a constant decline for the past 6 qtrs
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Reduction in revenue per sq ft sales
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Concerns of store cannibalisation and competition heating up.
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Valuations still no where near cheap
Emmvee Photovoltaic Shares Surge As Jefferies Initiates First Buy Call
Shares of Emmvee Photovoltaic Power surged in early trade on Tuesday, as India’s solar build-out is entering an acceleration phase, and Jefferies believes this counter is positioned at the heart of it. The brokerage projects India’s solar installations to grow at a 24% CAGR over FY25–28, powered by falling tariffs, energy storage adoption and policy support.
Against that backdrop, Jefferies has initiated coverage on Emmvee with a ‘buy’ rating and a price target of Rs 320, indicating an upside of 73%. The brokerage notes that the stock currently trades at around a 50% discount to peers.
Stock Market Live: HDFC Bank Shares In Focus
The shares of HDFC Bank on Tuesday fell to hit three-month low. The scrip fell as much as 2.20% to Rs 956 apiece on Tuesday, the lowest level since Oct. 3. It pared gains to trade 1.50% lower at Rs 962.85 apiece, as of 9:37 a.m. This compares to a 0.16% decline in the NSE Nifty 50 Index.
It has fallen 38.53% in the last 12 months and 20.28% year-to-date. Total traded volume so far in the day stood at 0.45 times its 30-day average. The relative strength index was at 51.83.
Trent Shares In Focus
The shares of Trent fell over 8% on Tuesday after its in-line Q3 business update. The stock is down nearly 8%, and is trading around the Rs 4086 level apiece.
Nifty, Sensex Live Updates: Oil & Gas, Media Among Losers
On NSE, nine out of 15 sectors were in the green. Nifty Metal and Nifty PSU Bank lead the advance, while Nifty oil and gas and Nifty media traded in red.
However, broader markets were mixed, with the NSE Midcap 150 trading 0.07% higher and NSE Smallcap was trading 0.03% higher.
Nifty 50 Live Today: RIL, HDFC Bank Drag Index
RIL, HDFC Bank, Trent, Eternal and L&T weighed on the Nifty 50 index.
ICICI Bank, Hindalco, SBI, Kotak Mahindra Bank and Bajaj Auto added to the Nifty 50 index.
Stock Market Live: Nifty Near 26,200, Sensex Falls Nearly 200 Points
The NSE Nifty 50 and BSE Sensex opened lower on Tuesday. The Nifty 50 opened 0.23% lower at 26,189.70 and Sensex opened 0.13% down at 85,331.14. However, minutes after open the Nifty was range bound near 26,200.
Stock Market Live Update: Nifty, Sensex Decline In Pre-Open
At pre-open, the NSE Nifty 50 was trading 60.60 points or 0.23% lower at 26,189.70. The BSE Sensex was down 92.87 points at 85,346.75.
Rupee Vs Dollar Today: Indian Currency Opens Stronger
Rupee opens 7 paise stronger at 90.21 against US Dollar. It closed at 90.28 on Monday.
Source: Bloomberg
Nvidia Debuts New AI Tools For Autonomous Vehicles, Robots
Nvidia Corp., aiming to extend the reach of its technology, announced a group of AI models and tools designed to speed the development of autonomous vehicles and power a new generation of robots.
The company unveiled a vehicle platform called Alpamayo that allows cars to “reason” in the real world, Chief Executive Officer Jensen Huang said Monday during a presentation at the CES trade show in Las Vegas.
Potential users can take the Alpamayo model and retrain it themselves, Nvidia said. The free offering is aimed at creating vehicles that can think their way out of unexpected situations, such as a traffic-light outage.
ITC Shares In Focus: What Brokerages Say
Macquarie has downgraded ITC Ltd. to Neutral from Buy and slashed its target price by 34% to Rs 330 from Rs 500, citing the adverse impact of a sharp cigarette tax hike that is likely to weigh heavily on volumes, mix and profitability over the next two years.
HDFC Bank Shares In Spotlight After ADR Slump Despite Strong Q3 Metrics
HDFC Bank shares are drawing attention after its American Depositary Receipt fell 6.33% to $34.17 on Tuesday. This comes even as India’s largest private sector lender reported robust growth across key business indicators for the third quarter ended December, according to its latest operational update.
Stock Picks Today: ITC, L&T, Maruti Suzuki And More On Brokerages’ Radar
A host of global and domestic brokerages have released fresh views on Larsen & Toubro, LTI Mindtree, ITC, Emmvee Photo, NSDL and more ahead of Tuesday’s session. They have also shared their outlook on banks, NBFCs, pharma, renewables and consumer-facing businesses, alongside broader views on India’s macroeconomic trajectory.
Read the whole story here.
Stock Market Live Updates: Nifty’s Short-Term Outlook Bullish, Immediate Resistance At 26,350
The Indian equity markets faced volatility in Monday’s session fuelled by the United States carrying out a large-scale military strikes against Venezuela on Saturday. Both benchmarks ended the day in losses.
However, analysts project a bullish momentum to sustain in the near-term. Key support levels lie between 26,150 and 26,100, while on the higher side 26,350 and 26,400 are immediate resistance levels, according to Shrikant Chouhan, Head Equity Research, Kotak Securities.
Nifty Today: What F&O Cues Indicate
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Nifty January futures down by 0.48% to 26,331 at a premium of 81 points.
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Nifty January futures open interest up by 1.05%.
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Nifty Options on Jan 6: Maximum Call open interest at 26300 and Maximum Put open interest at 26,000.
Dollar Check
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The US Dollar index is up 0.03% at 98.075.
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Euro was down 0.02% at 1.1720.
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Pound was down 0.01% at 1.3540.
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Yen was up 0.17% at 156.58.
Stock Market News Live: Global Check
Asian equities opened higher on Tuesday, continuing a record-setting streak for global markets as investors brushed aside geopolitical concerns. The MSCI Asia Pacific Index rose for a fourth consecutive day, driven by a 1% gain in Japan’s Nikkei 225 Index.
Meanwhile, shares slipped slightly in South Korea and Australia. Futures indicated potential gains for Chinese stocks following a Wall Street rally, where megacap companies like Amazon.com Inc. and Tesla Inc. were among the top performers.
Stock Market Live Updates: GIFT Nifty Indicates Positive Start
Good morning readers.
The GIFT Nifty was trading near 26,400 early on Monday. The futures contract based on the benchmark Nifty 50 rose 0.30% at 26,396.5 as of 6:45 a.m. indicating a positive start for the Indian markets.
In the previous session on Monday, the benchmark ended lower. The NSE Nifty 50 ended 78.25 points or 0.30% lower at 26,250.30, while the BSE Sensex closed 322.39 points or 0.38% lower at 85,439.62.
. Read more on Markets by NDTV Profit.