Market LIVE Updates: Sensex reclaims 61k, Nifty tops 18,100; Infosys, TCS eyed

Market


Indian indices opened higher tracking global markets. Sensex reclaimed the 61,000 peak, while Nifty was comfortably above 18,100. Asian markets traded on a positive note following a rebound in the US after Federal Reserve Chair Jerome Powell reassured investors the central bank will tackle inflation to extend the economic expansion. Focus will be on the three IT majors–TCS, Infosys and Wipro– which will announce Q3 results today

12 Jan 2022, 09:24:30 AM IST

Sensex surges 300 points; reclaims 61,000 

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12 Jan 2022, 09:17:34 AM IST

Markets open higher

12 Jan 2022, 09:15:08 AM IST

M-cap of BSE-listed companies at fresh lifetime high of over ₹275.2 lakh cr

The market capitalisation of the BSE-listed companies reached a fresh lifetime high of over 275.20 lakh crore on Tuesday, driven by a continuous rally in the equity market.

The 30-share BSE benchmark continued its winning run for the third consecutive session on Tuesday. (PTI)

12 Jan 2022, 09:04:57 AM IST

Sensex firm at pre-open

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12 Jan 2022, 09:01:07 AM IST

Markets in the green at pre-open trade

12 Jan 2022, 08:55:25 AM IST

India aims to file LIC IPO prospectus in week of 31 Jan: Bloomberg

12 Jan 2022, 08:47:24 AM IST

Insurers weigh hike in health premiums

India’s health insurers are surveying a surge in coronavirus infections and a rush of hospitalization claims before deciding on raising premium rates.

Early last year, a deadly second wave of the pandemic led to a sharp rise in claims, putting these companies under pressure. To help health insurers handle worsening loss ratios due to rising covid claims in 2020, the Insurance Regulatory and Development Authority of India, or Irdai, had allowed a 5% revision in premium rates. (Full report)

12 Jan 2022, 08:40:14 AM IST

Gold flat as traders focus on US inflation data

Gold prices were flat on Wednesday, as traders focused on U.S. inflation data for rate clues after less hawkish comments from the Federal Reserve chief fuelled a bullion rally last session.

Spot gold was little changed at $1,819.51 per ounce, while U.S. gold futures were up 0.1% at $1,819.80.

12 Jan 2022, 08:29:23 AM IST

Divestment goal for FY23 may be higher than FY22’s

The Union budget for the year starting 1 April is likely to set a disinvestment target that is modestly higher than this year’s target of 1.75 trillion, two people aware of the development said. However, much depends on the public listing of Life Insurance Corp. of India (LIC), which is expected to fetch around 1 trillion.

The government plans to list India’s largest insurer before the end of March in the country’s biggest initial public offering (IPO) so far. However, several regulatory changes are required before taking it public.

“The target could be a little bit higher than this year. LIC is the biggest factor here; if it happens this year, then the target (for FY23) could change,” one of the two people cited above said on condition of anonymity.

12 Jan 2022, 08:20:12 AM IST

Stocks to Watch: TCS, Infosys, Wipro, Delta Corp

Besides the three IT majors, stocks of DLF, Federal Bank, Ultratech Cement will be in focus on Wednesday.

12 Jan 2022, 08:10:04 AM IST

Powell assures Fed will tackle high inflation

Federal Reserve Chair Jerome Powell pledged to do what’s necessary to contain an inflation surge and prolong the expansion, while steering clear of fresh details on the path of U.S. monetary policy.

“If we have to raise interest rates more over time, we will,” Powell told the Senate Banking Committee Tuesday under questioning at his confirmation hearing for a second term as central bank chief. “We will use our tools to get inflation back.” (Bloomberg)

12 Jan 2022, 08:02:41 AM IST

Oil gains further

Oil extended its biggest one-day gain this year as investors embraced risk assets and industry estimates showed a draw in U.S. stockpiles. West Texas Intermediate traded above $81 a barrel after rallying 3.8% on Tuesday.

12 Jan 2022, 07:35:38 AM IST

Asian stocks climb

Asian stocks followed a rebound in the U.S. after Federal Reserve Chair Jerome Powell reassured investors the central bank will tackle inflation to extend the economic expansion. Japan’s Nikkei index rose 0.80%; Australia’s S&P/ASX 200 Index gained 1%; Kospi index added 0.9%; Hang Seng Index futures added 1.2%; 

12 Jan 2022, 07:22:44 AM IST

Wall Street closes higher overnight

US stock indexes gained ground on Tuesday as investors were relieved that Federal Reserve Chair Jerome Powell’s testimony to Congress did not include any major surprises.

The Dow Jones Industrial Average rose 183.15 points, or 0.51%, to 36,252.02, the S&P 500 gained 42.78 points, or 0.92%, to 4,713.07 and the Nasdaq Composite added 210.62 points, or 1.41%, to 15,153.45.

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