!1 New UpdateClick here for latest updates
Rupee marginally higher at 72.95 vs dollar
The rupee traded two paise — or 0.03% — higher at 72.95 against the US dollar, having started the day at the same level and moved between 72.88 and 72.97 thereafter.
Reliance, HDFC, HDFC Bank and ICICI Bank top drags on Sensex
Sensex contribution (in points)
- RELIANCE: -101.02
- HDFC: -62.32
- HDFCBANK: -41.51
- ICICIBANK: -40.09
On the other hand, L&T and ITC were the biggest supports.
Search, Select & Invest in Top Stocks
Financial, energy, auto, metal stocks weigh on markets; IT bucks trend
OPENING BELL: Sensex sheds 200 points, Nifty below 14,200; RIL drops 2%, HDFC 1%
Pre-open session: Sensex rises 100 points, Nifty above 14,200
Discover & screen trade opportunities
Nifty futures rise in Singapore trading
After falling in Tuesday’s trade, Nifty futures on the Singapore Exchange traded 110.5 points, or 0.78 per cent, higher at 14,191.50. Domestic bourses, which were closed on Tuesday on account of Republic Day, would play a catch up on Wednesday.
Tech View: Nifty charts suggest negative momentum
Nifty50 on Monday fell below its five-day, 13- and 20-day simple moving averages, which resulted in a ‘Three Black Crows’ formation on the daily chart. The index also formed lower highs and lows for the second straight session. Support levels also shifted lower, with analysts suggesting a weak momentum ahead.
HUL, Axis Bank to announce Q3 results today
Hindustan Unilever, Axis Bank, ICICI Prudential Life, Marico, United Spirits, Bank of Baroda, Canara Bank, Emami, Nalco, Quess Corp, PNB Housing, Nippon LIfe Asset Management and India Cements are among companies which will announce their December quarter results on Wednesday.
Asian stocks rise in early trade
Asian equities rose on Wednesday, bouncing back from a steep sell-off on Tuesday. Japan’s Nikkei added 0.48 per cent to 28,683.63. Korea’s Kospi climbed 1.01 per cent to 3,171.96. Hong Kong’s Hang Seng added 0.6 per cent to 29,568.71. China’s Shanghai Composite index rose 0.16 per cent to 3,575.25.
China industrial profits surge 20.1% in Dec
Profits at China’s industrial firms surged 20.1% year-on-year in December to 707.11 billion yuan ($109.40 billion), official data showed on Wednesday. The rebound followed a 15.5% gain in November and marked the eighth month of growth in a row, according to data from National Bureau of Statistics.
US stocks settled lower
Stocks ended lower on Wall Street Tuesday after spending most of the day in the red as investors weighed solid corporate earnings results against growing concerns about the pandemic. The S&P 500 fell 5.74 points, or 0.1 per cent, to 3,849.62. The Dow Jones Industrial Average declined 22.96 points, or 0.1 per cent, to 30,937.04. The Nasdaq dropped 9.93 points, or 0.1 per cent, to 13,626.06.
Rupee rises for 5th session, settles 3 paise higher at 72.94
Go to the news source: sensex today: Stock Market Live: Sensex sheds 350 points, Nifty below 14,150; RI…