Share Market Updates: Sensex rises 142 points, Nifty ends above 17,800; Asian Paints, TCS, Nestle India top gainers

The Indian equity market closed higher today. Sensex climbed 143 points to 59,744 and Nifty gained 66 points to 17,812 amid mixed global cues. Asian Paints, TCS, Nestle India and UltraTech Cement were the top Sensex gainers, rising up to 1.79%. Of 30 Sensex shares, 15 ended higher.

Earlier, stock market opened higher today amid rising cases of Covid-19 cases in the country. Sensex rose 175 points to 59,776 and Nifty gained 52 points to 17,797.  At 10: 25 am, Sensex added 493 points to 60,095 and Nifty zoomed 146 points to 17,892.

Indian market closed lower after four sessions of gains on Thursday amid Covid 19 worries and Federal Reserve's hawkish stance. Sensex fell 621 points to 59,601 and Nifty closed 179 points lower at 17,745. Of 30 Sensex stocks, 23 ended in the red.

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 ends 142 points higher at 59,744 and and Nifty gained 66 points to 17,812.

3: 05 pm: KPIT Technologies share rises 19%

The share rose 18.52% to Rs 749 in noon session today after Goldman Sachs initiated coverage wih a Buy call on the stock. The brokerage sees an upside of around 75 per cent at Rs 1,040 amid a strong growth outlook going ahead.  It closed at Rs 631.95 in the previous session. KPIT Technologies stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

2:45 pm: Asian Paints share hits all-time high

The large cap share rose to Rs 3,582.45 in noon session today. It closed at Rs 3,513.70 in the previous session. Asian Paints share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

2:15 pm : Market update

Sensex rose 57 points to 59,659 and Nifty gained 32 points to 17,778 amid mixed global cues. Asian Paints, Nestle India were the top Sensex gainers, rising up to 1.72%.

1:30 PM: Zee Learn stock tumbles 12%

Shares of Zee Learn fell over 12 percent on January 7 after Morgan Stanley sold 47.69 lakh shares of the company. Zee Learn share has fallen after 2 days of consecutive gain.  The stock opened with a gain of 3.57% at Rs 20.30 against the previous close of Rs 19.60 on BSE.

The share fell 12.24% to an intraday low of Rs 17.2 on BSE.

1: 00 pm: Top losers

Bajaj twins, M&M, HDFC and L&T are top Sensex losers falling up to 1.74%.Of 30 Sensex shares, 19 trading in the red.

12 50 pm:  Indices turn red

Sensex was trading 100 points lower at 59,501 and Nifty fell 7 points to 17,738 amid mixed global cues.

11:55 am: Titan share hits record high

Titan share hit all-time high today after the jewellery maker said it has witnessed "strong demand" across its consumer businesses and clocked 36 per cent growth over the festive quarter last year.

Titan Company stock touched an intraday high of Rs 2,687 rising 3.49% on BSE.

11:30 am: RIL shares rise over 1% after retail arm buys stake in delivery firm Dunzo

Shares of Reliance Industries Ltd (RIL) were among the top gainers today after the conglomerate's arm Reliance Retail acquired a 25.8% stake in Dunzo for $200 million, a leading e commerce player as it looks to expand its presence in the online grocery delivery business. The large cap stock rose 1.69% to Rs 2,457 against the previous close of Rs 2,416 on BSE.

11:10 am: Market cap of BSE-listed firms rises to Rs 272.61 lakh crore.  Market breadth is positive with 2,253 shares rising against 964 falling on BSE.

 10: 35 am: Gainers and Losers

Wipro, ICICI Bank, SBI, Reliance Industries are the top Sensex gainers, rising up to 2.22%. Dr  Reddy's, Bajaj Finance, Bajaj FinServ, L&T are the top Sensex losers , falling up to 0.90%.

10: 30 am: Fed may raise rates as early as March

St. Louis Fed President James Bullard on Thursday said the Federal Reserve could raise interest rates as soon as March and is now in a "good position" to take even more aggressive steps against inflation, as needed.

10: 25 am: Benchmark indices extend gains

Sensex rises 493 points to 60,095 and Nifty zooms 146 points to 17,892.

9: 50 am: Market Outlook

Geojit said, "While anticipating a turn higher from the 17,680 region on Thursday, our favoured view was a quick return to the 18100 trajectory. While the objective would still be in play, we feel a consolidation would prevail over upside attempts. Though the turn of events is consistent with our reading of oscillators, we prefer to be watchful near 17800, for shift in momentum."

9:45 am: Sensex gained 434 points to 60,036 and Nifty rose 132 points to 17,878.

 9: 30 am: Expert comment

Gaurav Garg, Head of Research, Capitalvia Global Research said, "Traders can take a cautious stance as COVID cases are rising in India. Our research suggests if Nifty sustains the level of 17910,we may expect further gain in the index. If market is unable to sustain the level of 17,910, we can expect it to trade till the lower range of 17,710-17,510."

9: 15 am:  Sensex, Nifty open higher

Sensex rises 175 points to 59,776 and Nifty gains 52 points to 17,797.

8: 30 am: Global markets

In Asia, Kospi was trading 22 points higher at 2,943. Nikkei fell 92 points to 28,395 and Hang Seng index rose 112 points to 23,189.

On Wall Street, the S&P 500 fell 4.53 points to 4,696.05. The Dow slipped 170.64 points, or 0.5%, to 36,236.47. The Nasdaq composite lost 19.31 points to 15,080.86.

8:10  am: FIIs in action

Foreign institutional investors (FIIs) sold shares worth Rs 1,926 crore on January 6, and domestic institutional investors (DIIs) lapped up shares worth Rs 800 crore, as per provisional data available on NSE.

8: 00: Previous session updates

Indian benchmark indices ended lower after four days of gains amid Covid 19 worries and Federal Reserve's hawkish stance. Sensex fell 621 points to 59,601 and Nifty closed 179 points lower at 17,745. Of 30 Sensex stocks, 23 ended in the red.

Tech Mahindra was the top Sensex loser, shedding over 2.5 per cent, followed by UltraTech Cement, Reliance Industries, HCL Tech, HDFC, Kotak Bank, HDFC Bank and TCS.

IndusInd Bank, Bharti Airtel, Maruti, Titan and Bajaj Finance were among the Sensex gainers, rising up to 1.74%.