Share Market LIVE: SGX Nifty indicates a negative start for Sensex, Nifty

The Indian market ended lower on Tuesday. Sensex closed down 554 points to 60,754 and Nifty fell 195 points to 18,113.

Here’s a look at the market action updates on BSE and ESN today.

11:30 a.m.: Market check

Benchmarks traded sharply lower on Wednesday. Sensex lost more than 450 points to 60,300 and Nifty fell 130 points to 17,982.

11:00 a.m.: Tata Motors in focus

Tata Tiago CNG, Tigor CNG will be launched today

Tata Motors will today launch the new Tiago and Tigor in CNG versions. The company had started accepting pre-bookings for the two models last week with a token amount of Rs 5,000 to Rs 10,000, depending on location and variant.

Tata Motors is expected to charge a premium of around Rs 80,000 for CNG derivatives, and the price of Tata Tiago CNG is expected to start at Rs 5.80 lakh and rise to Rs 8 lakh. Meanwhile, Tigor CNG is expected to cost Rs 6.50 lakh and rise to Rs 8.60 lakh.

Tigor was first launched in India by Tata Motors in 2017. Tigor will now become the first vehicle in the Indian market, which is offered with gasoline engine only, battery power and gasoline-CNG combo.

10:30 a.m.: AGS Transact Technologies IPO in progress

Payment solutions provider AGS Transact Technologies opened its initial public offering (IPO) on January 19. The company has set a price range of Rs 166-175 for the first IPO of 2022. The issuance will close on January 21. The company is expected to list on the stock exchange on February 1.

The company raised Rs 204 crore on Tuesday from anchor investors.

It allocated over 1.16 crore of shares to peg investors at Rs 175 each, aggregating the deal size to Rs 204 crore.

10:00 am: Bajaj Finance stock hits record high

Shares of Bajaj Finance soared 3.82% today after the non-banking finance company reported an 85% increase in consolidated net profit for the quarter ended December 2021. The stock hit a record high of Rs 8,043.50, up 3.82% on BSE. Bajaj Finance shares are trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

The large-cap stock has gained 58.68% in one year and is up 12.83% since the start of this year. The stock gained 14.05% in one month. A total of 0.23 lakh of the company’s shares changed hands, representing a turnover of Rs 18.46 crore on BSE.

9:40 a.m.: L&T Tech shares 8% reservoir in early third-quarter numbers

Shares of L&T Technology Services Limited (LTTS) fell 8% to an intraday low of Rs 4,992.95 on BSE after the company released its results for the quarter ended December 2021.

The company reported a 33.7% year-on-year (YoY) growth in consolidated net profit for October-December to Rs 248.8 crore. On a quarterly basis (QoQ), profit increased by 8.2%.

The company’s revenue rose 20.5% year-on-year and 5% quarter-on-quarter to Rs 1,687.5 crore in the quarter under review, while earnings before interest, tax, depreciation and amortization (EBITDA) increased by 33.3% YoY and 5.2% QoQ to Rs 367.5 crore. .

9:16 am: Opening of the market

Indian benchmarks opened lower amid weak global indices. As of 9:18 a.m., the 30-stock BSE index traded down 160.6 points to 60,594.23, and the broader NSE Nifty index was down 40 points to 18,072.85.

Wipro was the biggest loser in the Sensex pack, down more than 2%, followed by Tech Mahindra, IndusInd Bank, Infosys, ICICI Bank and Asian Paints.

Bajaj Finance and Tata Steel were among Sensex’s top earners.

9:10 a.m.: Pre-opening market

Benchmarks were trading higher in the pre-opening session. Sensex was trading up 90.7 points at 60,845.5 and Nifty was up 16 points at 18,129.20.

8:55 a.m.: Pre-market commentary by Mohit Nigam Head – PMS, Hem Securities

Asia-Pacific markets were trading mostly lower as Wall Street indices fell sharply on Tuesday as tech stocks continued to come under selling pressure as U.S. Treasury yields hit milestones. Close to confirming a 10% correction for the first time since early 2021, the Nasdaq fell the most among major indexes.

India’s equity benchmarks failed to sustain the intraday rally and closed at an all-day low on Tuesday, following deep losses in basic materials, real estate and telecom stocks in a context of widespread selling pressure in global markets.

Markets could witness a volatile session like Bajaj Auto, Larsen & Toubro Infotech, JSW Energy, Aptech, CCL Products (India), Ceat, JSW Ispat Special Products, Mastek, Nelco, Saregama India, Tata Communications, Tata Investment Corporation, Tejas Networks, Trident Texofab and a few others will release their quarterly results on January 19.

On the technical side, the key resistance levels for Nifty50 are 18,300 followed by 18,450 and on the downside, 18,000 followed by 17,700 may provide strong support. The main resistance and support levels for Bank Nifty are 38,500 and 37,900 respectively.

8:45 a.m.: World markets

Major Wall Street indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financials and tech stocks continued to sell off to start the year as U.S. Treasury yields hit milestones.

On Wall Street, the S&P 500 ended down 85.7 points at 4,662.85, the Nasdaq Composite was down 386.8 points at 14,506.90 and the Dow Jones fell 543.34 points at 35. 368.47.

In Asia, the Nikkei Weighted index was down 1.81% and Hang Seng was trading up 0.35%. Shanghai Composite fell 0.16%.

8:40 am: Action FII and DII

Foreign institutional investors (FII) sold shares worth Rs 1,254.95 crore on January 18, and domestic institutional investors (DII) sold shares worth Rs 220.2 crore, according to provisional data available on NSE.

8:35 a.m.: Rupee crashes 33 paise

Continuing to fall for the third session in a row, the rupee fell 33 paise on Tuesday to close at 74.58 (provisional) against the US dollar as US currency strength and high crude oil prices continued to weigh on sentiment. investors.

Forex traders said muted domestic stocks and banks buying dollars on behalf of importers also dragged the local unit down.

8:30 am: SGX Nifty

India’s stock market is expected to open on a flat note, with SGX Nifty down 68.5 points at 18,105 as of 8:30 am.

Singapore Nifty (SGX Nifty) is the Indian Nifty Index which is traded on the Singapore Stock Exchange and is considered the first indication of the opening of the Indian market.

8:15 a.m.: Market on Tuesday

The Indian market ended lower on Tuesday. Sensex closed 554 points lower at 60,754 and Nifty fell 195 points to 18,113. Maruti, UltraTech Cement, Tech Mahindra and HCL Tech were Sensex’s biggest losers, dropping as much as 4.05%.

Axis Bank, HDFC Bank, ICICI Bank and Kotak Bank were Sensex’s top gainers, rising 1.83% today.

The BSE mid cap and small cap indices collapsed by 574 points and 597 points, respectively.

Of 30 Sensex stocks, 23 ended in the red. The market capitalization of BSE-listed companies rose to Rs 276.24 lakh crore.

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