Share Market Update: Sensex rises 533 pts, Nifty ends above 18,200; M&M, Bharti Airtel, RIL top gainers

The Indian equity market closed in the green for the fourth consecutive session today ahead of the Q3 earnings season. Sensex rose 533 points to 61,150 and Nifty ended 156 points higher at 18,212. M&M, Bharti Airtel and RIL were the top Sensex gainers, rising up to 4.68%.

The rising number of Covid-19 and Omicron cases in India and the world will dictate the course of the stock market this year, say experts.

Here's a look at the updates of the market action on BSE and NSE today.

3:30 pm: Sensex rises 533 points to 61,150 and Nifty ends 156 points higher at 18,212. M&M, Bharti Airtel and RIL are the top Sensex gainers, rising up to 4.68%.

3:10 pm: Greaves Cotton share plunges 9.49%

Share of Greaves Cotton fell 9.49% intra day in today's trade. The stock touched a low of Rs 215.1 on BSE. It has fallen after five days of consecutive gain.

2: 45 pm: Larsen & Toubro arm gets two packages

L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, has received two offshore packages from a prestigious overseas client. The order value is more than Rs 7,000 crore.

2: 15 pm : TCS, Wipro fall ahead of Q3 earnings; Infy gains

TCS stock down 1.73% at Rs 3,848 and Wipro falls 1.17% to Rs 685.95. On the other hand, Infosys stock gains 1% to Rs 1,874 on BSE.

1: 30 pm: Kalpataru Power raises Rs 200 crore via NCDs

Kalpataru Power Transmission has raised Rs 200 crore through the issuance of non-convertible debentures (NCDs). It has raised Rs 200 crore through the allotment of 2,000 NCDs of the face value of Rs 10,00,000 each on private placement basis.

1: 00 pm: RattanIndia Enterprises to invest Rs 350 cr in its arm Cocoblu Retail

RattanIndia Enterprises stock fell 5% to Rs 60.1 on BSE even as the firm plans to invest Rs 350 cr in its arm Cocoblu Retail.

12:30 pm: Delta Corp share rises 6% post stellar Q3 earnings

Delta Corp reported a consolidated net profit of  Rs 70 crore in Q3, up mani-fold from just  Rs 1 crore clocked in the corresponding period of previous fiscal.The stock gained 5.75% to Rs 298.95 against the previous close of Rs 282.70 on BSE.

12: 00 pm; Bajaj Finance plans to raise funds

Bajaj Finance share rises 2.62% to Rs 7,869 after its board says to raise funds by debt issue/issue of non-convertible debentures.

11: 50 am: Vodafone Idea says govt won't run operations, promoters will

Vodafone Idea has said that the government does not want to run the operations of the telecom giant. The promoters of the company will continue to run the telco. The government is not likely to be part of the board, it said.

11: 30 am: Board of Easy Trip Planners recommends bonus issue of equity shares in the ratio of 1:1.

11:00 am : Market update

Sensex rises 505 points to 61,122 and Nifty gains 145 points to 18,201. RIL, Bajaj Finance and Bajaj twins were the top Sensex gainers, rising up to 2.36%.

10: 10 am: Vodafone Idea stock rebounds 6%

Vodafone Idea stock opened at Rs 12.10 against the previous close of Rs 11.80 on BSE. The share touched an intra day high of Rs 12.75, rising 8.05% on BSE.  At 10:15 am, the telecom stock was trading 6.78% higher at Rs 12.60.

9: 55 am: Of the 30 Sensex shares, 24 were trading higher. Market cap of BSE-listed firms rose to Rs 276.73 lakh crore today.

9:25 am: Top gainers

Tata Steel, NTPC and Kotak Bank are the top Sensex gainers, rising up to 1.54%.

9: 20 am: Market opens higher

Sensex rises 344 points to 60,960 and Nifty gains 91 points to 18,147.

9: 05 am : TCS, Wipro and Infosys to announce their Q3 earnings today. The shares of IT majors were flat in early trade.

8: 50 am: Expert Comment

Mohit Nigam, Head - PMS, Hem Securities said,"IT stocks witnessed robust buying on Tuesday as India's top three IT companies i.e., Tata Consultancy Service, Wipro and Infosys will announce their Q3FY2022 results today. The three IT heavyweights are announcing their results on the same day for the first time in their operating history. Good numbers can be expected on the back of robust client demand. Stupendous earning season outlook along with positive expectations from annual budget is driving the markets despite the exponential rise in covid cases in the country.   

On the technical front, the key resistance levels for Nifty50 are 18100 followed by 18150 and on the downside 17990 followed by 17920 can act as strong support. Key resistance and support levels for Bank Nifty are 38620 and 38150 respectively."

8: 40 am: Previous session updates

On Tuesday, the Indian equity market closed in the green for the third consecutive session ahead of the Q3 earnings season. Sensex ended 221 points higher at 60,616 and Nifty rose 52 points to 18,055. HCL Tech, HDFC and Tech Mahindra were the top Sensex gainers, rising up to 4.30%. Tata Steel, Bajaj Finance, ITC, Asian Paints and Kotak Bank and Dr Reddy's were among the top Sensex losers, falling up to 3.32%.

8: 30 am: FIIs in action

Foreign institutional investors (FIIs) bought shares worth Rs 111.91 crore on January 11, and domestic institutional investors (DIIs) lapped up shares worth Rs 481 crore, as per provisional data available on NSE.

8: 15 am: Global markets

In Asia, Kospi was trading 38 points higher at 2,966. Nikkei zoomed 525 points to 28,748 and Hang Seng index rose 452 points higher at 24,187. On Wall Street, the S&P 500 climbed 42 points to 4,713. The Dow gained 183 points to 36,252. The Nasdaq composite gained 210 points to 15,153.