Market LIVE Updates: SGX indicates a negative start; Asia gains, US markets end mixed

07:57:36 IST

SEBI levies Rs 26-crore penalty on Cafe Coffee Day parent company

The Securities and Exchange Board of India (SEBI) in an order delivered on January 24 cracked down on Coffee Day Enterprises Limited (CDEL), the parent company of the immensely popular coffee shop franchise, Cafe Coffee Day.

The regulator imposed a penalty of Rs 26 crore on the company and has directed the company to appoint a reputed law firm, in consultation with NSE, to assist with the recovery of outstanding dues of Rs 3,424.25 crore.

07:54:00 IST

Anindya Banerjee, VP – Currency Derivatives & Interest Rate Derivatives at Kotak Securities

USDINR spot closed 32 paise higher at 81.71, due to recovery in the US Dollar Index and corporate outflows. Over the near term, we expect USDINR to remain within a range of 81.00 and 82.00 levels.

07:45:31 IST

Maruti Suzuki Q3 Earnings:

Maruti Suzuki on January 24 reported 129.55 per cent jump in consolidated net profit for quarter ended December 2022 at Rs 2,391.5 crore. The profit was Rs 1,041.8 crore in the same quarter last year.

The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore in the corresponding quarter a year ago, the largest carmaker of the country said in an exchange filing.

07:43:26 IST

S&P 500 ends slightly down after mixed earnings, opening glitch

The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell.

A spate of NYSE-listed stocks were halted at the top of the session due to an apparent technical malfunction, which caused initial price confusion and prompted an investigation by the U.S. Securities and Exchange Commission (SEC).

More than 80 stocks were affected by the glitch, which caused wide swings in opening prices in dozens of stocks, including Walmart Inc and Nike Inc.

he Dow Jones Industrial Average rose 104.4 points, or 0.31%, to 33,733.96, the S&P 500 lost 2.86 points, or 0.07%, to 4,016.95 and the Nasdaq Composite dropped 30.14 points, or 0.27%, to 11,334.27.

07:38:17 IST

Trade setup for today: Top 15 things to know before the opening bell

Trade setup for today: Top 15 things to know before the opening bell

07:35:52 IST

SGX Nifty indicates a negative start for the Indian indices##SGX Nifty: Trends on SGX Nifty indicate a negative start for the broader index in India, with a loss of 41.50 points or 0.23 percent. The Nifty futures were trading around 18,090 level on the Singaporean Exchange at 7:35 IST.

07:31:52 IST

Market on Tuesday:

The Indian equity market ended flat in the volatile session on January 24 with the Sensex rising 37.08 points or 0.06 percent to end at 60,978.75, while the Nifty was down 0.20 points or 0.00 percent to close at 18,118.30.

The Indian market extended the previous session’s gains as it opened higher amid positive global cues and remained in the green area for the most part of the session. However, profit booking erased all the intraday gains to close with little change.

Tata Motors, Maruti Suzuki, Bajaj Auto, HCL Technologies and HDFC Bank were among the biggest gainers on the Nifty. The losers were Axis Bank, Dr Reddy’s Laboratories, Hindalco Industries, Grasim Industries and Power Grid.

On the sectoral front, the Nifty auto index was up 1 percent and the information technology index rose 0.7 percent, while infra, pharma, PSU Bank, metal and energy were down 0.6-1.4 percent.

The BSE midcap and smallcap indices shed 0.3-0.4 percent.

On the BSE, healthcare, metal, and realty indices were down 1 percent each, while bank, capital goods and power were down 0.5 percent each. On the other hand, the auto index rallied 1 percent and the information technology index was up 0.6 percent.

07:30:49 IST

Hello Readers. Before you start your day, here’s a reminder of Warren Buffett’s rules for investing…

Hello Readers. Before you start your day, here’s a reminder of Warren Buffett’s rules for investing…

07:29:15 IST

Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.

Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.