The Dow Jones Industrial Average rose 32.2 points, or 0.11%, at the open to 31,101.67. The S&P 500 rose 1.58 points, or 0.04%, at the open to 3,802.77, while the Nasdaq Composite rose 0.02 points, or 0.01%, to 13,072.46 at the opening bell.
Gross revenue for the quarter rose 1.3 per cent YoY to Rs 15,670 crore. It was up 3.7 per cent on sequential basis.
Wipro posts Rs 2,968 crore profit in December quarter, beats estimates
Wipro reported a 20.4 per cent year-on-year jump in consolidated net profit to Rs 2,968 crore for the quarter ended December 31, beating Street estimates. Analysts in a poll by ET Now had on average expected the IT major to report a consolidated net profit of Rs 2,554 crore. The company reported a consolidated revenue of Rs 15,670 crore for the third quarter of the current financial year, marking an increase of 1.3 per cent annually, and 3.7 per cent sequentially.
This is how the 30-pack Sensex moved in today's session. It touched a high of 49,795.19 and a low of 49,073.85
Here are seven stocks that technical analysts say can deliver up to 39 percent returns within a few weeks.
Here are the top losers in the retail space
Price as on 13 Jan, 2021 02:36 PM, Click on company names for their live prices.
One should not pay too much importance to bull market correction. It is like fasting... and is most healthy, as it removes unhealthy elements. Timing a bull market correction is very hard, but it has to be sharp, like 500-800 points on the Nifty. Correction should be so thrilling that it hits you badly in 2-3 days, which can then be used as a very good opportunity to take fresh positions.
Vijay Kedia says he is structuring his portfolio in such a way that it turns into an all-weather stock portfolio.
NSE India VIX up nearly 5%
The NSE's India VIX index -- which gauges the expectation of volatility in the near term -- traded 4.80% higher at 23.95, having surged as much as 5.12% earlier on Wednesday.
Here are the top gainers in the tourism and hospitality space
Price as on 13 Jan, 2021 02:09 PM, Click on company names for their live prices.
Financial services stocks weigh on markets; HDFC down 3%
Price as on 13 Jan, 2021 02:01 PM, Click on company names for their live prices.
As a Logistics player, we are looking at the spread of impetus to revive the economy and support the entrepreneurial spirit by expanding the loan support to startups with NetWorth positive and based on the GST filings, not purely on P&L. The Union Budget should also provide the following support - (A) Subsidy/incentives for using EVs for Commercial/logistics purposes, (B) Incentives for supplies of essential/food products, and (C) Reduction in excise duty on diesel.
- Prasad Sreeram, Founder and CEO, COGOS Technologies, a Bengaluru-based transporter
Banks continue to see buying
Price as on 13 Jan, 2021 12:56 PM, Click on company names for their live prices.
Tata Elxsi shares zoom nearly 11% after Q3 earnings
Shares of Tata Elxsi on Wednesday jumped nearly 11 per cent after the firm's net profit increased 39.5 per cent for the December 2020 quarter. The stock zoomed 10.72 per cent to its one-year high of Rs 2,299.90 on BSE. On NSE, it climbed 10.17 per cent to Rs 2,300. The company on Tuesday said its net profit increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter.
IRFC IPO to open on Jan 18, price band fixed at Rs 25-26 per share
India VIX rises above 23 level, up 2%
Co gets some 'significant' orders
Price as on 13 Jan, 2021 10:49 AM, Click on company names for their live prices.
What made Bharti Airtel stock jump 6% today?
Shares of Bharti Airtel climbed 6 per cent in Wednesday's trade after the telecom operator informed stock exchanges that it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect.In a filing to BSE, the company said: "We wish to inform you that in compliance of the FDI approval dated January 20 granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments. Accordingly, the company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect," it said.
Ahead of Q3 result announcement...
Price as on 13 Jan, 2021 10:10 AM, Click on company names for their live prices.
The contraction in IIP for November is not surprising as the other high frequency economic indicators were also showing a moderation in growth. A lot of economic revival seen in the previous few months had been because of pent-up demand and festive demand, hence the growth momentum was expected to moderate.
- Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India, on IIP numbers
Nifty futures on the Singapore Exchange traded 25.5 per cent points or 0.17 per cent higher at 14,626, in signs that Dalal Street was headed for a positive start on Wednesday.
Infy, Wipro to announce Q3 results today
Infosys, Wipro, CESC, GTPL Hathway, Amtek Auto and 5paisa Capital are some of the companies will would announce their quarter results on Wednesday.
Retail inflation slips to 4.59% in Dec
Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 per cent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI's target range of 2 to 6 per cent. The central bank factors in the CPI-based inflation while arriving at its monetary policy.
Tech View: Risk takers can buy on dips
Nifty50 on Tuesday made higher highs for the 14th straight session and formed a bullish candle on the daily chart. Analysts said Nifty’s positive momentum can continue and it can look to take out the 14,750 level soon. They see support for the index in the 14,300-14,430 zone.
Brent prices hit highest levels since February 2020
In oil markets, Brent crude prices hit their highest since February as tighter supply and expectations of a drop in US inventories offset concerns over rising COVID-19 cases globally. Saudi Arabia said it plans to cut output by an extra 1 million barrels per day in February and March. Brent was at $56.56, up 1.62 per cent while US crude recently rose 1.76 per cent to $53.17 per barrel.
Asian shares make cautious gains
Asian stocks traded mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes. Japan's Nikkei 225 rose 0.11 per cent while South Korea's Kospi gained 0.64 per cent higher. Hong Kong's Hang Seng Index edged up 0.12 per cent. China's Shanghai Composite added 0.14 per cent. Australia's S&P/ASX 200 was flat.
US stocks settled higher
The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favored more economically sensitive market segments as they bet on a recovery in 2021. The Dow Jones Industrial Average rose 60 points, or 0.19 per cent, to 31,068.69, the S&P500 index gained 1.58 points, or 0.04 per cent, to 3,801.19 and the Nasdaq Composite index added 36.00 points, or 0.28 per cent, to 13,072.43.
Rupee darts up 15 paise to 73.25 against dollar
The rupee recouped early losses and closed 15 paise higher at 73.25 against the US dollar on Tuesday, supported by weakness in the greenback overseas and recovery in domestic equities. Unabated FPI inflows added to the momentum, though gains were capped by firm crude oil prices, forex traders said.
Sensex, Nifty on Tuesday
The Indian stock market rose to new highs in the afternoon session of trade on Tuesday backed by bullish RIL stocks, after a choppy trade initially. Both the BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) rose above the psychological levels of 49,500 and 14,500 points, respectively. The BSE Sensex touched a new all-time high of 49,569.14 points while the Nifty50 hit a new high of 14,590.65 points.
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