Sensex Today | Share Market Live Updates: Indices likely to start in the red
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- January 16, 2024
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Sensex Today | Share Market Live Updates: Indian benchmark indices extended their winning run to a fifth straight session on Monday, with the Sensex and the Nifty hitting new highs, led by information technology stocks. The Sensex ended the day up 759.49 points or 1.05% at 73,327.94, and the Nifty 203 points or 0.93% at 22,097.50.
Asian equities fell on Tuesday following declines in European stocks and bonds as European Central Bank officials tamped down rapid rate cut expectations. Australian and Japanese shares slipped, while contracts for US equities edged lower after a Monday holiday. Treasuries declined in their first trading session since Friday as Australian and New Zealand sovereign bonds also joined the selloff.
Oil edged higher as traders tracked geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants. Sensex Today Live: Jio Financial Services stock in focus The company recorded a consolidated profit of 293.82 crore for the December quarter, against 668.2 crore in the previous quarter.
Revenue from operations came in at 413.6 crore against 608 crore during the previous one as the company had no dividend income in the quarter, against 216.85 crore in the previous one. Sensex Today Live: Rahul Kalantri, VP, commodities, Mehta Equities “The Indian rupee is showing continuous strength and remains below 83 amid an increase in the foreign exchange reserves and upbeat growth prospects for the year 2024 25.
However, steady dollar index and rebound in crude oil prices limiting gains of the rupee. We expect a rupee to remain volatile in today’s session amid volatility in the dollar index and a pair could trade in the range of 82.65 83.40." Sensex Today Live: GIFT Nifty indicates gap down start The GIFT Nifty was trading a discount of 45 points from Nifty Futures' Monday close, indicating a gap down start for the Indian market.
Sensex Today Live: Oil edges higher as Red Sea tensions elevate crude market risks Oil edged higher as traders tracked geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants. West Texas Intermediate traded just below $73 a barrel, 0.2% higher than last week’s close, with futures not settling on Monday due to a US holiday.
Brent crude was above $78. Houthi militants hit a US owned commercial vessel with an anti ship ballistic missile on Monday, underscoring warnings from militaries and trade groups that the vital route remains too risky for navigation..