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Share Market Highlights: Sensex ends 76 points lower at 57,200, Nifty closes at 17,10; Broader markets outperform

Share Market News Today | Sensex, Nifty, Share Prices Highlights: BSE Sensex and Nifty 50 gave up all intraday gains to end in the red.

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India VIX closed in red but was still above 20 levels. Image: Reuters

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 began Friday’s trading session in the green but bears regained control in the dying hour of trade, forcing the indices to give up all gains. S&P BSE Sensex ended 76.71 points or 0.13% lower at 57,200 while Nifty 50 closed at 17,101.95, down 8.2 or 0.05%. Broader markets outperformed and closed with gains. India VIX was down 1.76% while Bank Nifty sank 0.77%. NTPC was the top gainer, up 3.82%, followed by Sun Pharma, IndusInd Bank, and ITC. Down in the red was Maruti Suzuki, falling 3.04%, accompanied by Tech Mahindra, Power Grid Corporation, and ICICI Bank.

Live Updates
16:48 (IST) 28 Jan 2022
Sensex erases intraday gains on weak global cues, Nifty closes at 17,101, support around 16,800

Dalal Street headline indices started the day in the green but failed to hold on to their gains amid yet another volatile trading session. S&P BSE Sensex ended 76.71 points or 0.13% lower at 57,200 while Nifty 50 closed at 17,101.95, down 8.2 points or 0.05%. NTPC was the top gainer, up 3.82%, followed by Sun Pharma, IndusInd Bank, and ITC. Down in the red was Maruti Suzuki, falling 3.04%, accompanied by Tech Mahindra, Power Grid Corporation, and ICICI Bank. Broader markets outperformed and closed with gains. India VIX closed 1.76% lower while Bank Nifty fell 0.77%. 

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16:26 (IST) 28 Jan 2022
Markets end unchanged

“Markets ended almost unchanged in a volatile trading session citing mixed indications. Initially, the benchmark was trading firm however profit taking in the latter half pare all the gains. Meanwhile, the broader markets witnessed healthy buying interest and both midcap and smallcap ended higher by over a percent each. A mixed trend was witnessed on the sectoral front wherein auto and banking ended with losses while IT, telecom, oil & gas closed in the green,” said Ajit Mishra, VP – Research, Religare Broking Ltd.

15:57 (IST) 28 Jan 2022
Weak global cues pull D-Street lower

''After the decent opening post yesterday’s weak closing, domestic bourses again staged a quick sell-off, tracking weak European trend. Policy tightening by the US Fed and rising geopolitical tensions in Ukraine coloured global sentiments. The broad market ended mixed considering IT, realty and Mid & Smallcaps rebounded after continuous heavy-selling this week,” said Vinod Nair, Head of Research at Geojit Financial Services.

15:31 (IST) 28 Jan 2022
CLOSING BELL

BSE Sensex and Nifty 50 gave up all intraday gains to end in the red. Broader markets outperformed.

15:04 (IST) 28 Jan 2022
Sensex, Nifty in red

Sensex and Nifty were in the red with less than half an hour to go before the closing bell. Broader markets were, however, up in the green.

15:00 (IST) 28 Jan 2022
Adani Wilmar IPO GMP

In the grey market, shares of Adani Wilmar were trading at a premium of Rs 40-50 per share. Adani Wilmar's shares are being offered in a fixed price band of Rs 218-230 per share.

14:58 (IST) 28 Jan 2022
Adani Wilmar IPO fully subscribed

Adani Wilmar's IPO was fully subscribed on the second day of sale. Retail investors have oversubscribed their portion while NIIs have bid for more than 80% of their quota. QIBs have subscribed 30% of the portion reserved for them.

14:32 (IST) 28 Jan 2022
Bank Nifty in red

Nifty Bank Index was down 0.38% on Friday, with just one hour left before the closing bell. The index was at 37,830, down from an intraday high of 38,421.

13:35 (IST) 28 Jan 2022
Budget stock picks: Larsen & Toubro, Axis Bank, Tata Motors, among stocks to buy, strong upside seen

Domestic benchmark indices have seen a volatile few trading sessions ahead of the Union Budget 2022. Sensex and Nifty both are currently sitting nearly 7% away from their all-time highs. Selling by foreign investors, geopolitical tensions, and nervousness on Dalal Street ahead of the Union Budget are factors contributing to the volatile movement of domestic stock markets. Nearing the Union Budget, volatility may continue to soar higher and it might be imperative for investors to pick the right stocks. Backed by technical and fundamental analysis, ICICI Direct has picked 10 stocks that investors can buy ahead of the Union Budget. 

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12:50 (IST) 28 Jan 2022
Kotak Mahindra Bank results update

Kotak Mahindra Bank reported a net profit of Rs 3,402 crore in the October-December quarter, up from Rs 2,601 crore during the same period last year. GNPA stands at 2.71% against 3.19% in the previous quarter.

12:36 (IST) 28 Jan 2022
Bulls return?

Only three of the thirty Sensex stocks were in the red on Friday afternoon. These include Maruti Suzuki India, Power Grid Corporation, and Hindustan Unilever.

11:35 (IST) 28 Jan 2022
Motilal Oswal Financial Services declares highest ever interim dividend of Rs 7 per share

Performance for the quarter and nine-month ended December 31, 2021. In Q3FY22, consolidated revenues grew by 47% on-year at Rs 1,122 crore, Consolidated PAT stood at Rs 238 crore.

11:25 (IST) 28 Jan 2022
Motilal Oswal Financial Services reports highest ever operating PAT of Rs 233 cr

In Q3FY22,company's consolidated revenues grew by 47% YoY at Rs 1,122 cr, Consolidated PAT stood at Rs 238 cr including gains on investments. Operating profit (excluding gains on investments & PE share of profit on investment) for the quarter was highest ever at Rs 233 crore, +92% on-year.

11:14 (IST) 28 Jan 2022
Nifty heading to 17500?

“Going forward, bias would remain corrective as long as the index continues to form lower high -low formation. Holding key support of 16800 levels in coming sessions would lead to a technical pull back towards 17500 as index has approached oversold readings ahead of key events,” said Raushan Kumar, Derivative Analyst, IIFL Securities.

10:48 (IST) 28 Jan 2022
Bank Nifty remains strong

“Nifty expected to see more upside today above 17,182 with resistance at 17,350. Supports placed at 17,090 and 17,000. Bank Nifty continues to stay strong ahead of the Union Budget,” said Rahul Sharma, Director & Head – Technical, JM Financial.

10:39 (IST) 28 Jan 2022
Industry-friendly policies in Budget?

“Over the years we have seen that most Central Governments maintain a good balance between social and economic objectives during the budget. So, I don’t expect this year will be any different. In the last two budgets we have seen that the government is actively listening to the industry experts and addressing the gaps in policy and taxation. This budget should ideally further that exercise in bringing industry-friendly policies that can bolster overall Economic growth. I feel that the government is keen on expanding the “Make in India” initiative and we should hope that there would be some measures that can enable substantial increase in capital expenditure by the private sector. Infrastructure stays one of the core focus areas for the government and we should expect some announcements related to that along with some positive announcements for the farming sector. The tax collection during the last nine months have been quite robust and much ahead of the budget estimates for the current year. There is a good possibility that the government may have a fiscal deficit number which is lower than the budgeted and that could be a positive surprise,” said Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited on Pre-Budget expectations.

10:38 (IST) 28 Jan 2022
Manyavar IPO opens next week, shareholders selling shares worth Rs 3,150 cr in all OFS issue, check price band

Vedant Fashions Limited, the owner of ethnic wear brands such as ‘Manyvar’ and ‘Mohey’ is set to enter Dalal Street with an IPO (initial public offering). The company’s public issue will open for subscription in the primary market on February 4 next week and close on February 8. The issue will be entirely an offer for sale (OFS) of 36,364,838 equity shares by existing shareholders of the company. The issue size at the upper end of the price band of Rs 824-866 per share is Rs 3,150 crore. Vedant Fashions IPO will be the third public issue of 2022 with AGS Transact Technologies being the first and the Adani Wilmar the other. 

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10:12 (IST) 28 Jan 2022
Buy MCX gold at dips around Rs 47400, accumulate silver near Rs 60000; MCX silver may outgun yellow metal

Gold and Silver took some beating after the US Fed updated its monetary policy. The news was what most of the market anticipated but still we saw a crash in precious metals. Fed rate hikes have largely been priced in by the gold market; however the Federal Reserve’s plan to reduce its balance sheet before the end of the year remains a wild card. Gold has drifted back to $1800 and once again $1840 proved to be strong resistance just like it was in the year 2021.

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09:52 (IST) 28 Jan 2022
Bharti Airtel share price jumps over 1% on $1bn Google investment

Bharti Airtel share price jumps 1.24 per cent to Rs 716 apiece on BSE on $1 billion Google investment in the telecom company

09:35 (IST) 28 Jan 2022
USD- INR resistance at 75.20-75.30

On the domestic front, the rupee continues to feel the heat led by broad dollar strength amid the Fed’s hawkish stance, consistent FII selling, and rising oil prices to 7-year highs on the back of geopolitical troubles in Ukraine. The fundamental and technical factors suggest the likely depreciation mode towards 75.50-76.00 levels, however with the BIG BULL-RBI, it will be watchful to see if it intervenes to cap losses beyond 75.30 or let rupee to the market. Technically for USDINR, we are standing on the verge of the crucial resistance zone of 75.20-75.30. If the USDINR pair trades convincingly above 75.30 then we can see it heading towards 75.50 to 76.00 levels. Overall, the bias for the pair is likely to remain on the upside. As volatility remains at a peak at both ends, it is necessary to strictly follow a defined risk management policy. Amit Pabari, managing director, CR Forex Advisors

09:34 (IST) 28 Jan 2022
Nifty IT top sectoral gainer

All the Nifty sectoral indices were trading in the green, led by gains Nifty Realty, Nifty IT, Nifty FMCG indices, up in the range of 1-2%

09:30 (IST) 28 Jan 2022
Google to invest up to $1 bln in Airtel, including $700 mln cash for 1.28% stake to make cheap smartphones

Google will invest up to $1 billion in Bharti Airtel, which includes an investment of about $700 million to acquire a stake in the company, to jointly develop affordable smartphones and research 5G use cases, the telco said in an announcement Friday. Google will acquire about 1.28% stake in the company at a price per share of Rs 734, the company added.

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09:29 (IST) 28 Jan 2022
HDFC twins, Bharti Airtel top Sensex losers

Housing Development Finance Corporation (HDFC), HDFC Bank, and Bharti Airtel were the only laggards on the 30-share index

09:27 (IST) 28 Jan 2022
RIL, Wipro, Tata Steel top BSE Sensex

NTPC, Mahindra & Mahindra (M&), IndusInd Bank, Wipro, Tata Steel, Sun Pharma, Tech Mahindra, RIL were among the top BSE Sensex gainers

09:23 (IST) 28 Jan 2022
Nifty reclaims 17300

BSE Sensex jumped over 600 points or 1.09 per cent to trade at 57,907, while Nifty 50 index reclaimed 17300.

09:20 (IST) 28 Jan 2022
Google’s investment into Airtel

Google will invest $1 billion in Airtel which will comprise of a $700 million equity investment in Bharti Airtel at a price per share of Rs 734. Up to $300 million that will go towards implementing commercial agreements, which will include investments in scaling Airtel’s offerings that covers a range of devices to consumers via innovative affordability programs as well as other offerings aimed at accelerating access and digital inclusion across India’s digital ecosystem.

09:19 (IST) 28 Jan 2022
Google to invest $1 billion in a partnership with Airtel

Bharti Airtel and Google today announced that they will partner on a long-term, multi-year agreement to accelerate the growth of India’s digital ecosystem. As part of this partnership, Google intends to invest up to $1B, as part of its Google for India Digitization Fund, which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years.

09:11 (IST) 28 Jan 2022
Sensex, Nifty gain in pre-opening session

BSE Sensex jump over 350 points to trade at 57,628, while Nifty 50 index was approaching 17200 in pre-opening session

08:31 (IST) 28 Jan 2022
Petrol and diesel price today January 28: Fuel rates unchanged; check price in Delhi, Mumbai here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were left unchanged by Oil Marketing Companies (OMC) on January 28 across the country. Petrol in the National Capital of Delhi currently retails at Rs 95.41 per litre while diesel in the city is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel cost Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs in November last year. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. 

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08:19 (IST) 28 Jan 2022
LIC to list on bourses by March 31: DIPAM Secretary

The government will list the country’s largest insurer LIC on the stock exchanges by March-end, a top official said on Thursday. The draft papers for LIC’s initial public offering (IPO) is being finalised and will be filed with market regulator Sebi soon for its approval. “LIC disinvestment amount will be included in this year’s (Budget) because we aim to list it before March 31,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. LIC IPO is crucial for meeting the disinvestment target set for the current fiscal ending March 2022.

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08:19 (IST) 28 Jan 2022
Retail portion of Adani Wilmar IPO fully subscribed on Day 1

The Rs 3,600-crore initial public offering (IPO) of Adani Wilmar was subscribed 61% on the first day of bidding. The retail portion was fully subscribed during the day, while the portion reserved for qualified institutional buyers and non-institutional investors was subscribed 57% and 31%, respectively. The three-day share sale will conclude on January 31.

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08:17 (IST) 28 Jan 2022
Adani Wilmar IPO subscribed 57 pc on Day 1 of offer

The initial public offering of edible oil major Adani Wilmar received a 57 per cent subscription on the first day of the issue on Thursday. The IPO received bids for 7,04,43,165 shares as against 12,25,46,150 shares on offer, according to an update on the BSE. The portion for retail individual investors (RIIs) received 96 per cent subscription, while qualified institutional buyers (QIBs) got 30 per cent and non-institutional investors 54 per cent. The IPO of up to Rs 3,600 crore is in a price range of Rs 218-230 per share.

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08:16 (IST) 28 Jan 2022
US stocks end lower in overnight trade on Wall Street

In the overnight trade, Wall Street gyrated wildly on Thursday. Dow Jones Industrial Average ended 0.02 per cent down, S&P 500 lost over half a per cent, and the tech-heavy Nasdaq Composite declined 1.4 per cent.

08:16 (IST) 28 Jan 2022
Asian stock markets trade mostly higher

Asian stock markets were trading mostly higher in the early trade. Japan’s Nikkei gained 1.71%, while the Topix was up 1.58%. South Korea’s Kospi rose 0.62%.

08:15 (IST) 28 Jan 2022
SGX Nifty flat

Nifty futures were ruling just 3 points up at 17111.50 on Singaporean Exchange.

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