News

Indian benchmark indices Sensex and Nifty 50 are likely to see a flat to negative start on January 23, tracking cues from GIFT Nifty trading around 23,142.50, a short while ago this morning.

Sensex and Nifty, closed higher on January 22 after a volatile session, rebounding from seven-month lows, driven by strength in technology stocks. However, broader market indices lagged significantly, with midcap and smallcap indices losing over 1 percent.

On Wednesday, the 30-share benchmark index ended at 76404.99 up by 566.63 points or by 0.75 % and then NSE Nifty was at 23155.35 up by 130.7 points or by 0.57 %.

Investors will be closely watching Q3 earnings from major companies including HPCL, UltraTech Cement, Indus Towers Dr Reddy’s and United Spirits among others.

Meanwhile, the Street will also react to earnings from HUL, BPCL and Persistent Systems among others.

On the global front, Asia-Pacific markets saw mixed trading on Thursday as investors reacted to a range of economic data from the region. In Australia, the ASX 200 dropped 0.42 per cent, while Japan's Nikkei rose 0.5 per cent, with the Topix gaining 0.42 per cent.

South Korea's Kospi fell 0.96 per cent. South Korea’s economy grew by 1.2 per cent year-on-year in the fourth quarter, marking its slowest growth since Q2 2023.

Meanwhile, Hong Kong's Hang Seng index increased by 0.75 per cent, and the CSI 300 was up 1 per cent at the open. Overnight in the US, the three major indices advanced, with the S&P 500 hitting a fresh all-time high. The index rose 0.61 per cent, reaching an intraday record of 6,100.81 before closing slightly below that at 6,086.37. The Nasdaq Composite surged 1.28 per cent to 20,009.34, driven by gains in tech stocks such as Oracle and Nvidia, spurred by optimism surrounding artificial intelligence (AI). The Dow Jones Industrial Average also saw a modest gain, rising 130.92 points, or 0.3 per cent, to close at 44,156.73. Investors now await US Jobless claims data for the week ended January 18.

Back home, Top traded Volumes on NSE Nifty – Wipro Ltd. 30859317.00, Tata Steel Ltd. 27505569.00, Bharat Electronics Ltd. 21272549.00, Axis Bank Ltd. 17303146.00, HDFC Bank Ltd. 15309653.00,

On NSE, total number of shares traded was 309.81 Crore and total turnover stood at Rs. 96643.55 Crore. On NSE Future and Options, total number of contracts traded in index futures was 400653 with a total turnover of Rs. 28941.97 Crore. Along with this total number of contracts traded in stock futures were 1857692 with a total turnover of Rs. 113884.50 Crore. Total numbers of contracts for index options were 144921349 with a total turnover of Rs. 20127301.00 Crore. and total numbers of contracts for stock options were 10236935 with a total turnover of Rs. 657900.38 Crore.

The FIIs on 22/01/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 10393.34 Crore and gross debt purchased stood at Rs. 370.91 Crore, while the gross equity sold stood at Rs. 16721.24 Crore and gross debt sold stood at Rs. 560.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -6327.90 Crore and Rs. -189.10