“The predominant higher closings of the Nifty in 2023 were like the one seen in 2017,” said Sahil Kapoor, head of products and market strategist at DSP Mutual Fund. “Like in 2017, this indicates complacency may have set in and market participants are not prepared for any shocks that may come.”
Stock market holiday today: BSE, NSE to remain shut for Republic Day
Wholesale commodity markets, including metal and bullion, will also remain closed.Tata Chemicals, Berger Paints among 4 stocks with top long unwinding
Nifty, Sensex fall 1%; FII selling, firm US yields among factors weighing on sentiment
Market analysts believe that domestic markets will see sideways consolidation on the day of monthly FO expiryChina stocks bounce loses steam; focus turns to ECB
Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China’s stimulus plans and for a European Central Bank meeting later in the session.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
Big movers on D-Street: What should investors do with SBI Life, Karnataka Bank and Tata Elxsi?
Equity indices rebounded 1% on Wednesday, with the 30-share BSE Sensex surging 689 points to settle at 71,060 and the broader Nifty closing 215 points at 21,453. Stocks that were in focus included SBI Life, which rose 2.68%, Karnataka Bank, which fell 7.8%, and Tata Elxsi, whose shares declined 5.01%.
Taking Stock: Market gains 1% amid intraday recovery; mid, smallcap shine
Top gainers on the Nifty were Hindalco Industries, Dr Reddy#39;s Laboratories, Tata Steel, Power Grid Corporation and HCL Technologies, while losers included ICICI Bank, Axis Bank, Asian Paints, Adani Ports and HDFC Life.Taking Stock: Market gains 1% amid intraday recovery; mid, smallcap shine
Top gainers on the Nifty were Hindalco Industries, Dr Reddy#39;s Laboratories, Tata Steel, Power Grid Corporation and HCL Technologies, while losers included ICICI Bank, Axis Bank, Asian Paints, Adani Ports and HDFC Life.Sensex, Nifty rebound from day’s lows but near term worries persist
Some volatility was seen during the day as monthly and weekly futures and options (FO) contracts for Nifty were set to expire today. Quarterly earnings showdown of key companies also helped set the mood of the market.