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Stock Market Highlights Today: Nifty forms an indecisive Doji candle on daily chart. What does it signal ... - Economic Times

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Business News Stock Market Highlights Today: Nifty forms an indecisive Doji candle on daily chart. What does it signal for tomorrow's trade?

Economic Times | 07 Jan, 2022 | 09.20AM IST

Benchmark indices snapped four-day winning run on Thursday after hawkish tones from the US Federal Reserve deflated the stock market bulls’ enthusiasm. Rising yields also did not help the morale. The 30-share pack Senex dropped 621.31 points or 1.03 per cent to close at 59,601.84. The index recovered about 300 points from the day’s low. Its broader peer NSE Nifty fell 179.35 points or 1 per cent to 17,745.90. Index heavyweights were among the biggest casualties of the day. Investors are expecting the Reserve Bank of India to also tighten the money supply. Moreover, increasing pandemic restrictions are also worrying them.

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Wall Street opens mixed as tech stocks weakens, banks rally

The Dow Jones Industrial Average rose 1.94 points, or 0.01 per cent, at the open to 36,409.05. The SP 500 opened lower by 7.19 points, or 0.15 per cent, at 4,693.39, while the Nasdaq Composite dropped 76.02 points, or 0.50 per cent, to 15,024.15 at the opening bell.

Wall Street opens mixed as tech stocks weakens, banks rally

Anand Rathi Wealth Q3 results: Net profit jumps 144% to Rs 32 cr

Freshly listed Anand Rathi Wealth on Thursday said its net consolidated profit for the quarter-ended December increased 144 per cent to Rs 32 crore from Rs 13.08 crore in the same quarter last year.

The company said its net revenue from operations increased 55 per cent to Rs 105.69 crore from Rs 68.08 crore a year ago.

PTC India Financial to raise $100 million debt from IIFC (UK)

Infrastructure finance company PTC India Financial Services is looking to raise $100 million in external commercial borrowing from India Infrastructure Finance Company (UK) Ltd.

The fundraising is expected to be completed by the end of January, PTC India Financial managing director Pawan Singh said. This will be the company’s first overseas borrowing this fiscal.

Adani Ent says won NTPC contract to supply 1 million tonnes coal

Adani Ent says won NTPC contract to supply 1 million tonnes coal

Gold tumbles Rs 284; silver plunges Rs 1,292

Gold price in the national capital on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,984 per 10 grams. Silver also dipped by Rs 1,292 to Rs 59,590 per kilogram from Rs 60,882 per kilogram in the previous trade.

Gold tumbles Rs 284; silver plunges Rs 1,292

Godrej Consumer Q3 Update

Reliance Retail picks up 25.8% stake in Dunzo, leads $240 million funding

Reliance Retail has led a $240 million funding round in quick commerce firm Dunzo, according to a statement by the company. Reliance Retail said with an investment of $200 million it will own 25.8% stake in the Bengaluru-based startup. Dunzo’s existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in this round.

Reliance Retail picks up 25.8% stake in Dunzo, leads $240 million funding

Benchmark 10-year bond yield ends at 6.53%, highest level since Jan 31, 2020

Midcap Index ends 39 points higher at 30,956; Gujarat Gas, Bharat Forge top gainers

Midcap Index ends 39 points higher at 30,956; Gujarat Gas, Bharat Forge top gainers

Rupee falls 11 paise to close at 74.49 (provisional) against US dollar

Rupee falls 11 paise to close at 74.49 (provisional) against US dollar

Market breadth remains in favour of advances

Market breadth remains in favour of advances

Nifty IT and Realty indices down 1 per cent each

Nifty IT and Realty indices down 1 per cent each

Nifty Bank ends 431 pts off lows

Nifty Bank ends 431 pts off lows

Top Nifty gainers and losers of today's session

Price as on 06 Jan, 2022 03:39 PM, Click on company names for their live prices.

CLOSING BELL: Nifty settles below 17,750

CLOSING BELL: Nifty settles below 17,750

Heatmap: Top Sensex gainers losers

Heatmap: Top Sensex gainers losers

CLOSING BELL: Sensex snaps 4-day winning run, drops 621 pts

CLOSING BELL: Sensex snaps 4-day winning run, drops 621 pts

Most active stocks in afternoon session

Price as on 06 Jan, 2022 03:18 PM, Click on company names for their live prices.

Volatility gauge India VIX climbs 3.3% to 17.80

Volatility gauge India VIX climbs 3.3% to 17.80

CLSA upgrade cheers UPL

Price as on 06 Jan, 2022 02:53 PM, Click on company names for their live prices.

The US Fed’s hawkish stance has not been a surprise, but the negative market reaction today is primarily due to the indication of balance sheet reduction in the Fed minutes. Almost all members showed concern on rising inflation and the possibility of accelerating rate hikes followed by a reduction in the balance sheet. Although the timing remains uncertain, market participants are now expecting this to happen sooner than later. In addition, the rising cases of Covid-19 around the globe have also increased the risk levels. Overall, we remain cautious in the markets right now.

- Mohit Ralhan, Managing Partner Chief Investment Officer of TIW Private Equity.

Top Nifty Losers

Price as on 06 Jan, 2022 02:17 PM, Click on company names for their live prices.

Zee Learn surges after Byju’s shows interest in buying 51% stake: Reports

Price as on 06 Jan, 2022 02:08 PM, Click on company names for their live prices.

Sensex Heatmap: Top gainers losers at this hour

Sensex Heatmap: Top gainers losers at this hour

Alembic Pharma gets US FDA nod for anti-Parkinson's drug, Entacapone tablet

Price as on 06 Jan, 2022 01:29 PM, Click on company names for their live prices.

Future Group stocks bounce back

Price as on 06 Jan, 2022 12:58 PM, Click on company names for their live prices.

SECTOR WATCH: Nifty Realty biggest sectoral loser at this hour

SECTOR WATCH: Nifty Realty biggest sectoral loser at this hour

D-STREET UPDATE: Pharma stocks slip

Price as on 06 Jan, 2022 12:33 PM, Click on company names for their live prices.

ADF Foods gets govt approval under the PLI Scheme for food processing industries

Price as on 06 Jan, 2022 12:08 PM, Click on company names for their live prices.

JUST IN: Reliance Ind raises $4 billion in US Dollar Bonds in three tranches

Price as on 06 Jan, 2022 11:58 AM, Click on company names for their live prices.

JUST IN: Wockhardt approves up to Rs 1,000 cr rights issue

Price as on 06 Jan, 2022 11:54 AM, Click on company names for their live prices.

Top 5 losers from IT pack

Price as on 06 Jan, 2022 10:47 AM, Click on company names for their live prices.

Top 5 losers from banking space

Price as on 06 Jan, 2022 10:43 AM, Click on company names for their live prices.

MARKET UPDATE: All sectoral indices in red

MARKET UPDATE: All sectoral indices in red

LT bags orders worth Rs 2,500-5,000 crore from Dept of Water Supply Sanitation, Punjab

Price as on 06 Jan, 2022 10:38 AM, Click on company names for their live prices.

JUST IN: Aurobindindo Pharma launches its brand of Molnupiravir, 'Molnaflu' an oral Covid pill in India

Price as on 06 Jan, 2022 10:37 AM, Click on company names for their live prices.

Rupee slips 6 paise to 74.44 against US dollar in early trade

Rupee slips 6 paise to 74.44 against US dollar in early trade

Airline stocks under pressure

Price as on 06 Jan, 2022 10:20 AM, Click on company names for their live prices.

Top movers on NSE in opening trade

Price as on 06 Jan, 2022 09:33 AM, Click on company names for their live prices.

List of index losers in early trade

List of index losers in early trade

Nifty50 below 17,800

Nifty50 below 17,800

OPENING BELL: Sensex drops 600 points, HCL Tech, Infosys shed up to 2%

OPENING BELL: Sensex drops 600 points, HCL Tech, Infosys shed up to 2%

Pre-open session: Sensex sheds 150 points, Nifty tests 17,850

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 113 points, or 0.63 per cent, lower at 17,860.50, signaling that Dalal Street was headed for a weak start on Thursday.

Hong Kong shares drop at open

The Nifty50 on Wednesday gave its highest daily close in 35 sessions and topped 17,900 level. The index formed a bullish candle on the daily scale and is seeing buying at lower levels. But the psychological mark of 18,000 could be a crucial test for the index. The upper end of a rising channel, and the hourly upper Bollinger Band, are also present near 18,000, analysts said.

Hong Kong shares drop at open

Hong Kong stocks opened in negative territory Thursday morning following a hefty sell-off on Wall Street on expectations the Federal Reserve will start hiking interest rates sooner than initially thought. The Hang Seng Index slipped 0.28 percent, or 64.05 points, to 22,843.20. The Shanghai Composite Index eased 0.39 percent, or 13.96 points, to 3,581.22.

Japan stocks open lower, extending US falls

Tokyo stocks opened lower on Thursday after two days of rallies, with investors disheartened by falls on Wall Street. The benchmark Nikkei 225 index was down 0.65 percent or 192.08 points at 29,140.08 in early trade, while the broader Topix index slipped 0.51 percent or 10.44 points to 2,028.83.

US stocks sputter as Fed signals faster rate hikes

Wall Street stocks endured an ugly afternoon Wednesday, falling sharply after Federal Reserve minutes indicated officials were ready to hike rates sooner than expected to fight a spike in inflation. The Dow Jones Industrial Average fell 392.54 points, or 1.07%, to 36,407.11, the SP 500 lost 92.96 points, or 1.94%, to 4,700.58 and the Nasdaq Composite dropped 522.54 points, or 3.34%, to 15,100.17.

Rupee jumps 20 paise to 74.38 against dollar

The rupee surged 20 paise to close at 74.38 against the US currency on Wednesday, propped up by foreign banks' dollar sales and fund inflows into domestic equities. At the interbank forex market, the local unit opened at 74.54 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.55. It finally settled at 74.38, a rise of 20 paise over its previous close.

Sensex, Nifty on Wednesday

Rising for the fourth straight session, equity benchmark Sensex rallied 367 points to reclaim the 60,000-mark on Wednesday, driven by strong gains in banking and financial stocks amid a supportive trend in European equities. The 30-share index surged 367.22 points or 0.61 per cent to end at 60,223.15. Similarly, the broader NSE Nifty rose 120 points or 0.67 per cent to 17,925.25.

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