Today’s Market: Sensex & Nifty50 stock price, Market news

January 3, 2020January 3, 2020 admin

Today’s Market: Sensex & Nifty50 stock price, market news, stock in news…

Sensex & Nifty50 stock price, Market news: Today the market opened in red after getting the negative indication from the global market. The market was trading in the negative zone throughout the day. In the last half an hour, some recovery from the lower level was seen in the market.

At close, Nifty50 declined 55.55 points and at 12,226.65 while Sensex was down 162.03 points and at 41464.61. The NSE banking index Bank Nifty fell more than 1% today or 374.60 points and closed at 32069.25.

The Nifty midcap and smallcap 100 index were also down today. The midcap index fell 99.30 points or 0.57% and closed at 17291.85. The Nifty smallcap index was closed flat, it was down by 2.10 points only and closed at 5960.75.

Nifty50 stock price

The top gainers in Nifty50 stock price today are Sun Pharma, HCL Tech, TCS, GAIL, and Infosys. The losers in the Nifty50 stocks are Zee Entertainment, Asian Paints, Bharti Infratel, Eicher Motors, and Axis Bank.

The gainers in the Nifty midcap index are GMR Infra, Quess Corp and the losers are Reliance Capital, LIC Housing Fin. The gainers the Nifty smallcap space are Suzlon Energy, Swan Energy, and the losers are CARE rating, Delta Corp.

The sectors that closed in green today are IT & Software, Healthcare, Manufacturing, Retail, and Industrial Gass. The sectors that closed in red today are Automobiles, Banking & Finance, Media, Hospitality, Power, Real Estate and Metals

Yesterday both FIIs and DIIs were the buyers in the cash segment. For today’s FIIs and DIIs trade position you can check the link after 6 pm.

Stocks in news

Rakesh Jhunjhunwala’s RARE Enterprises has bought 27,84,879 share of IIFL Securities through bulk deal. The share price of IIFL has gained 4.91% and closed at Rs 47 per share.

In the latest bid, ONGC has won all the seven blocks. The share prices of ONGC has gained 0.31% and closed at Rs 128.45 per share.

Cords Cable Industries has received approval from a Japanese engineering consultancy and contracting major for their Indian arm. The share price of Cords cable gained 9.02% and closed at Rs 47.15 per share.

The Department of Telecommunication has slapped a Rs 15019 crore demand notice on Gujarat Narmada Valley Fertilizers & Chemical. The share price of Gujarat Narmada has gained 1.13% and closed at Rs 170.20 per share.

RITES has secured a major work of project Management Consultancy from the Government of Bangladesh. The share price of RITES has gained 2.98% and closed at Rs 309.50 per share.

Alps Industries has defaulted on payment of dues from the financial institutions. The share price of Alps Industries fell 4.44% and closed at Rs 2.15 per share.

JSW Energy has entered into an agreement with Jaiprakash Power Ventures (JPVL) to restructure the debt owed by JPVL to the company. The share prices of JSW Energy gained 1.01% and closed at Rs 70.20 per share.

Info Edge has entered into an agreement for disinvestment of its total shareholdings, on a fully converted and diluted basis in Applet Learning Systems for Rs 500 million. The share price of Info Edge has gained 1.27% and closed at Rs 2567.45 per share

Pharma Stocks in News today

FDC has received GMP Certificate from UK MHRA. The Medicines Healthcare Products Regulatory Agency has given approval for its drugs from facilities located at Goa. The share price of FDC has gained 2.07% and closed at Rs 214.85 per share.

ICRA has revised the long term rating on the 30 crore bank facilities of Unichem Laboratories to ICRA A from ICRA A+. The short term rating on Rs 15 crore CP facility revised to ICRA A1 from ICRA A1+. The share price of Unichem Lab has gained 3.10%l and closed at Rs 167.85 per share.

Auto stocks in news today

SML Isuzu has said it is ready to manufacture BS-VI compliant diesel trucks and buses suitable for all types of Indian road terrains and all kinds of end-users with multiple applications. The share price of SML Isuzu has gained 3.99% and closed at Rs 581.75 per share.

TVS Motors has launched the TVS NTORQ 125 Race Edition. It comes with Signature LED DRLs and LED Headlamp. The share price of TVS Motors declined 1.47% on weak auto sales figures despite the positive news and closed at Rs 452.60 per share.

Crude and rupee updates

The crude oil price is trading at three months higher due to the rising tension in the middle east. The Brent Crude jumps nearly $3 per barrel after US air strick kills Iran, Iraq officials as per the report Investing.com.

The Brent Crude oil future is currently trading at $69 per barrel, it is up by almost 4% from yesterday’s close. The Indian rupee is currently trading Rs 71.80 against the US dollar. The depreciation of Indian rupee is due to the higher crude oil prices.

Conclusions:

The middle east tension and higher crude prices are the reason for profit booking in the market. Traders should be cautious because the geopolitical tension could spoil the market mood in the coming days.

Whereas on the other side the trade deal signing between the US and China has come much closer. Next week onwards the market will start reacting on Q3 results. We can see some movements in Nifty50 stock price next week.