MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
- Home
- Todays Market
- Indian Stock Market News January 4, 2024
Sensex Today Trades Higher | Torrent Power Jumps 6%, Ujjivan SFB 5% | NTPC & Tata Motors Top Gainers Thu, 4 Jan 10:30 am
Asian shares continued to fall on Thursday as global selloff continued.
The Nikkei index tanked 1.1%, while Hang Seng was trading flat. Meanwhile Shanghai index was trading 0.4% lower.
US stock indices ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal Reserve's December meeting failing to shake off the funk hanging over markets.
Here's a table showing how US stocks performed on Wednesday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 140.36 | 0.8 | 0.57% | 141.09 | 138.43 | 143.95 | 85.57 |
| Apple | 184.25 | -1.39 | -0.75% | 185.88 | 183.43 | 199.62 | 124.76 |
| Meta | 344.47 | -1.82 | -0.53% | 347.95 | 343.18 | 361.9 | 124.54 |
| Tesla | 238.45 | -9.97 | -4.01% | 245.68 | 236.32 | 299.29 | 101.81 |
| Netflix | 470.26 | 1.76 | 0.38% | 475.05 | 465.77 | 500.89 | 285.33 |
| Amazon | 148.47 | -1.46 | -0.97% | 151.05 | 148.33 | 155.63 | 81.43 |
| Microsoft | 370.6 | -0.27 | -0.07% | 373.26 | 368.51 | 384.3 | 219.35 |
| Dow Jones | 37430.19 | -284.85 | -0.76% | 37629.23 | 37401.85 | 37790.08 | 31429.82 |
| Nasdaq | 16368.49 | -175.45 | -1.06% | 16471.08 | 16352.14 | 16969.17 | 10696.42 |
At present, the BSE Sensex is trading 362 points higher and NSE Nifty is trading 100 points higher.
NTPC and Tata Motors are among the top gainers today.
BPCL, HCL Tech and Tata Steel on the other hand are among the top losers today.
Broader markets are trading higher. The BSE Mid Cap is treading 0.4% lower and the BSE Small Cap index is trading 0.8% higher.
Sectoral indices are trading positive, with socks in realty sector and power sector witnessing most buying.
The rupee is trading at Rs 83.31 against the US dollar.
In commodity markets, gold prices are trading 0.4% higher at Rs 62,725 per 10 grams today.
Meanwhile, silver prices are trading 0.2% higher at Rs 72,445 per 1 kg.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
Speaking of stock markets, arriving at a reasonable estimate of a stock's intrinsic value is easy. However, there are errors that can creep in and even the most astute analysts can fall prey to them.
So, what exactly are these errors and how are they associated with a stock like Titagarh Rail Systems.
Tune into below video for more.
Maruti Suzuki to Expand SUV Portfolio
India's top car manufacturer, Maruti Suzuki, is gearing up to dominate the SUV market with the imminent launch of two new models.
The move comes in response to the escalating demand for SUVs, a trend that has garnered significant traction among Indian consumers. Maruti Suzuki is currently in the development phase of an entry-level SUV, codenamed Y43, set to compete with the likes of Tata Punch and Hyundai Exter.
Additionally, the automaker is eyeing a 2025 release for a three-row SUV, codenamed Y17, based on the Grand Vitara platform. This larger SUV is expected to feature a robust hybrid powertrain and will be manufactured at the upcoming Kharkhoda plant.
Currently, Maruti Suzuki has only four SUV models, whereas the market boasts 55 different options.
According to Auto Car, the three-row SUV is slated to be positioned in the Rs 15 lakh-25 lakh price segment, catering to a broad consumer base. The entry-level SUV, planned for launch in 2026-27, is poised to further bolster Maruti Suzuki's presence in the highly competitive SUV market.
Maruti Suzuki's decision aligns with the substantial growth observed in the sub-four-metre SUV segment, which surpassed the one-million-unit mark in 2023.
The overall utility vehicle market has exceeded 2 million units, with SUVs accounting for 48% of passenger vehicle sales in 2023. The SUV market share is expected to surpass 50% in 2024.
Vodafone idea Partners Team Vitality
Vodafone Idea has partnered with Paris-based esports organisation, Team Vitalitality, to grow the esports ecosystem in India.
Vi and Team Vitality aim to jointly create opportunities and exposure for esports fans and gaming enthusiasts alike.
The partnership encompasses brand sponsorship, content partnerships, gaming events and large-scale unique experiences.
Further, this will enable Vi users to participate in esports and allow exclusive access to the Paris-based firm's tournaments and teams.
Vi already has a presence in the mobile games segment, offering a wide range of hyper casual mobile games to users via Vi Games on Vi App.
Through this association with Team Vitality, Vi now aims to deepen its focus on esports in India.
Vi Games in the recent past forayed into the esports segment by hosting popular free-to-play tournaments across games like Call of Duty: Mobile, Free Fire Max and others.
Vodafone Idea zooms 39% in 2 days, hits over 4 years high. To know why, check out Why Vodafone Idea Share Price is Rising.
Zomato initiates liquidation of its Polish subsidiary
Zomato has informed the exchanges that its step-down subsidiary in Poland has started the process of liquidation on 2 January 2024.
The company said that Gastronauci's dissolution, which is expected to be completed in four months subject to necessary approvals, will not affect its turnover/revenue. The food tech company acquired the Poland-based restaurant-search service in 2014.
Between January 2023 and July 2023, Zomato liquidated five subsidiaries based in Indonesia, New Zealand, Australia, Jordan and Portugal; and in September 2023, it announced the liquidation of its Slovakian subsidiary.
According to IIFL's report on the company, from 2012, Zomato had started expanding overseas.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
Indian Share Market Update: Top Gainers and Losers
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
Equitymaster requests your view! Post a comment on "Sensex Today Trades Higher | Torrent Power Jumps 6%, Ujjivan SFB 5% | NTPC & Tata Motors Top Gainers". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!