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JUST IN: Alembic Pharma receives US Food & Drug Administration (USFDA) final approval for Doxycycline Hyclate Tablets
Price as on 04 Jan, 2022 10:55 AM, Click on company names for their live prices.
Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) – the first woman to head the country’s largest oil and gas producer.
Price as on 04 Jan, 2022 10:46 AM, Click on company names for their live prices.
L&T bags ‘significant’ order from DMRC
- The Heavy Civil Infrastructure business of L&T Construction has won a prestigious order from Delhi Metro Rail Corporation Limited (DMRC), for the design and construction of the Underground Metro Project of Phase-1 of Patna MRTS.
- The order value is between Rs 1,000-2,500 crore
Dolly Khanna adds multibagger speciality chemical player to portfolio
Dalal Street veteran Dolly Khanna added a multibagger speciality chemical stock to her portfolio during the December quarter. According to shareholding data from Trendlyne, Tinna Rubber and Infrastructure is the newest entry to Khanna’s portfolio. Dolly Khanna held 142,739 equity shares or 1.7 per cent stake in the company as of December 31, 2021 which was worth Rs 274.8 crore on Tuesday. Her name was missing in the top shareholders of the company during the last quarter.
ALERT :: Rupee opens at 74.51/$ vs previous close of 74.26/$
CLSA downgrades Tata Motors to Sell; target price at Rs 408
Price as on 04 Jan, 2022 10:12 AM, Click on company names for their live prices.
Gold shines, nears Rs 48,000; silver flat
Gold prices traded higher on Tuesday amid curbs to contain the spread of Omicron coronavirus cases, while a rise in US yields supported by inflation fears kept bullion’s gains in check. Gold futures on MCX gained 0.29 per cent or Rs 94 to Rs 47,810 per 10 grams. Silver was down 0.05 per cent or Rs 28 at Rs 61,713 per kg.
Most active stocks on NSE
Price as on 04 Jan, 2022 09:46 AM, Click on company names for their live prices.
US markets setting record highs on the first trading day of 2022 is auspicious for global stock markets. The spectacular 271 point rally in Nifty and FIIs turning buyers with net purchases worth Rs 703 cr are bullish signals. If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday. However, the 3rd wave of the pandemic is an area of concern even though the market’s view is that it is unlikely to impact economic activity. The big headwind for markets globally is the rising inflation which may be further aggravated by the dislocations caused by the Omicron variant.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Hindustan Zinc reported an 11 per cent rise in integrated metal production at 2,61,000 tonnes in the third quarter of this fiscal, supported by better plant and mined metal availability and improved operating parameters.
Price as on 04 Jan, 2022 09:21 AM, Click on company names for their live prices.
Marico: The FMCG major said its consolidated revenue grew in “low teens” during October-December, hit by slowing consumption across the sector due to continuing inflation.
Price as on 04 Jan, 2022 09:20 AM, Click on company names for their live prices.
HDFC said it assigned loans of Rs 7,468 crore in the quarter ended December 2021, up by 5.5 per cent from a year ago. It had assigned loans amounting to Rs 7,076 crore in the corresponding December 2020 quarter of the previous financial year.
Price as on 04 Jan, 2022 09:20 AM, Click on company names for their live prices.
All sectors trade on a positive note
Top Sensex movers in opening trade
OPENING BELL: Sensex rises 100 pts, Nifty above 17,650; Lemon Tree jumps 8%, Marico drops 2%
Pre-open session: Sensex rises 250 points, Nifty nears 17,700
SGX Nifty signals a flat start
Nifty futures on the Singapore Exchange traded 1.5 points, or 0.01 per cent, lower at 17,696.00, signaling that Dalal Street was headed for a flat start on Tuesday.
Tech View: Nifty holding 17,600 key for further upside
Nifty50 on Monday formed a solid bullish candle on the daily chart and, in the process, it took out its 50-day moving average on a closing basis. Analysts said a hold above the 17,600 level can push the index towards 18,000 level. They see support for the index in the 17,350-400 range.
Dollar index nears one-week high
The US dollar reached its strongest level in more than a month against the Japanese yen on Tuesday, lifted by a jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite surging COVID-19 cases. The dollar index, which measures the currency against the yen and five other major peers, held close to the one-week high of 96.328 reached on Monday.
Hong Kong stocks open higher
Hong Kong stocks kicked off Tuesday with gains following a record-breaking performance on Wall Street to start the year, but Omicron, inflation and supply chain problems were among the problems keeping sentiment in check. The Hang Seng Index edged up 0.54 percent, or 125.87 points, to 23,400.62. The Shanghai Composite Index ticked 0.26 percent, or 9.38 points, higher to 3,649.15.
Tokyo shares open higher on new year trade
Tokyo stocks opened 2022 on an upbeat note Tuesday, after US shares also advanced on their first trading day of the year. The Nikkei 225 rose 1.01 percent, or 291.01 points, to 29,082.72 in early trade, while the broader Topix index added 0.88 percent, or 18.19 points, to 2,010.52. The dollar stood at 115.31 yen, slightly off from 115.47 yen in New York overnight.
S&P 500, Dow hit record highs on 1st trading day of 2022
The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares. The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.
Rupee pares initial losses, settles almost flat at 74.28
The rupee pared its initial losses and closed with slim gains in the first trading session of 2022 on Monday, tracking positive domestic equities. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the rupee. The domestic settled at 74.28, registering a gain of just 1 paisa over its previous close.
Sensex, Nifty on Monday
Equity indices ratcheted higher in the first trading session of 2022 on Monday, propelled by brisk buying in banking, finance and IT counters amid a global rally even as surging Omicron cases remained an overhang. The 30-share BSE benchmark Sensex ended at 59,183.22, up 929.40 points or 1.60 per cent. Likewise, the broader NSE Nifty soared 271.65 points or 1.57 per cent to settle at 17,625.70.
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Read More: Sensex Today: Stock Market Live Updates: Sensex gains 300 points, Nifty nears 17,700; IT