homemarket NewsMarket Highlights: Sensex and Nifty 50 end choppy trade near day's low

Market Highlights: Sensex and Nifty 50 end choppy trade near day's low

Market Highlights: Sensex and Nifty 50 end choppy trade near day's low
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended lower on the last trading day of the week. Oil, gas and FMCG shares traded with losses, pulling the headline indices lower, while financial shares ended in the red. Reliance Industries to report its December quarter earnings later today.  

Thank you, readers! That's all from CNBCTV18.com's live market coverage on Jan 20, 2023. Stay tuned for other updates on our website: CNBCTV18.com.

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Jan 20, 2023 4:17 PM

Market at Close | Sensex and Nifty 50 end lower as FMCG stocks drag indices 

-- Major financials (HDFCs, ICICI and SBI) support market.

-- Reliance, HUL, Infosys, Bajaj Finance are major Nifty drags.

-- HUL falls nearly four percent on royalty increase to parent company unilever plc.

-- Asian Paints slips further following a weak set of earnings for December quarter. 

-- HDFC Life down more than two percent after a mixed December quarter, other insurance companies fall too.

-- L&T Tech, Atul, Havells, Polycab, PVR, Mphasis close lower following earnings.

-- Coforge closes higher but off intra-day highs on revenue guidance upgrade. 

-- Persistent Systems gains for second straight day on a strong December quarter. 

-- HAL, Dabur, Manappuram, RBL, Gujarat Gas, Gail are top midcap gainers.

-- Market breadth favours declines, advance-decline ratio at 2:3.

Jan 20, 2023 3:37 PM

Rupee at Close | Rupee ends 24 paise higher at 81.12 vs dollar

Jan 20, 2023 3:35 PM

Share Market News | KPI Green commissions 25 MW solar power project for Greenlab Diamonds

-- KPI Green Energy announced that it has commissioned a 25 megawatts (MW) solar power project for Greenlab Diamonds LLP in Surat.

-- The new project is part of its captive power producer (CPP) segment.

(Read more)

Jan 20, 2023 3:15 PM

Share Market News | HDFC Life net profit rises 15% in third quarter — value of new biz up 30%

The Value of New Business (VNB) and VNB margin stood at Rs 905 crore and 25 percent respectively. In third quarter of FY22, the company had posted VNB of Rs 694 crore and VNB margin of26.7 percent. (Read more)

Jan 20, 2023 3:05 PM

Stock Market Update | Kotak's Latest Note On Diagnostics

- Latest analysis across seven major cities reveals mixed trend
- General perception of pricing intensity easing
- Tata 1mg, PharmEasy, Healthians have reduced prices further since October 2022
- Pricing of Dr Lals, Metropolis, SRL stays 2 to 3x higher than cheapest organized alternative  
- Reiterate downside risk to medium to long term earnings of Dr Lals + Metropolis 
- Stay cautious on listed diagnostic chains 
- Prefer hospitals within healthcare services 
- Maintain sell rating on Dr Lal with price target of Rs 1,620
- Retain Reduce rating on Metropolis with a price target of Rs 1,350

Jan 20, 2023 2:51 PM

Stock Market Update | Ramkrishna Forgings Reports Q3 Earnings

- Net profit up 34.6 percent at ₹61 crore vs ₹45.3 crore (YoY)

- Revenue up 29.3 percent at ₹777.5 crore vs ₹601.3 crore (YoY)

 - EBITDA up 22.5 percent at ₹173 crore vs ₹141.2 crore (YoY)

- EBITDA margin at 22.2 percent vs 23.5 percent (YoY)

Jan 20, 2023 2:29 PM

Stock Market Update | Transformers and Rectifiers up 9 percent

- Shares trading with gains of 9.5 percent
- The stock is up in three out of the last four trading sessions
- Had gained 10.7 percent on January 11 as well
- Stock hit a 52-week high of Rs 82.25 in today's session

Jan 20, 2023 2:10 PM

Consumer Durables Earnings Preview | Muted demand, rising costs may give players the chills

The consumer durables industry faced a double whammy in the December quarter - one being the input price inflation and second being muted volume growth. (Read more)

Jan 20, 2023 1:58 PM

Share Market News | Union Bank reports December quarter earnings

-- Net profit at Rs 2,244.8 crore vs Rs 1,085.4 crore year-on-year

-- NII up 20.3 percent at Rs 8628.1 crore vs Rs 7174.4 crore year-on-year

-- Provisions at Rs 3,035.9 crore.

Jan 20, 2023 1:47 PM

Stock Market News | DCM Shriram reports December quarter earnings

-- Net profit down 1.2 percent at Rs 342.1 crore vs Rs 349.6 crore year-on-year

-- Revenue up 21.2 percent at Rs 3,383.7 crore vs Rs 2,790.8 crore year-on-year

-- EBITDA down six percent at Rs 554.2 crore vs Rs 588.7 crore year-on-year

-- EBITDA margin at 16.4 percent vs 21.1 percent year-on-year. 

Jan 20, 2023 1:44 PM

Share Market News | Surya Roshni bags orders worth Rs 147 crore

-- Order worth Rs 123.95 crore from Indian Oil for the supply of API-SL coated pipes and bare pipes in Tamil Nadu.

-- Supply order needs to be executed in nine months.

-- Order worth Rs 23.35 crore from GAIL for the supply of powder-coated GI pipes for the company's City Gas Distribution project.

-- Would be executed over a period of 18 months.

(Read more)

Jan 20, 2023 1:37 PM

Share Market Update | Tata Steel down 0.1%

-- The stock has fallen in two out of last five trading sessions. 

Jan 20, 2023 1:24 PM

Share Market Update | Buy Cholamandalam Finance: Prakash Gaba  

Prakash Gaba of prakashgaba.com suggests buying Cholamandalam Finance for a target of Rs 720 with a stop loss at Rs 700. 

Jan 20, 2023 1:18 PM

Stock Market Update I Easy Trip shares are up 1.2%

-- The shares have been down for the last three trading sessions.

Jan 20, 2023 1:17 PM

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