iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Sensex inches above 60,000; breadth strong

10 Jan 2022 , 09:32 AM

Equity indices pared gains in early trade after an initial upmove. The Sensex moved above the key 60,000 level in early trade. At 9:30 IST, the barometer index, the S&P BSE Sensex, rose 255.78 points or 0.43% at 60,000.43. The Nifty 50 index gained 84.3 points or 0.47% at 17,897.75.

In the broader market, the S&P BSE Mid-Cap index rose 0.33% while the S&P BSE Small-Cap index added 0.63%.

The market breadth was strong. On the BSE, 2,323 shares rose and 709 shares fell. A total of 135 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 496.27 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 115.66 crore in the Indian equity market on 7 January, provisional data showed.

Stocks in Spotlight:

RIL rose 0.21%. The wholly owned arm of Reliance Industries, Reliance Industrial Investments and Holdings entered into an agreement to acquire the entire issued share capital of Columbus Centre Corporation for an equity consideration of about $98.15 million. Columbus Centre Corporation (Cayman) is a company incorporated in the Cayman Islands and is an indirect owner of a 73.37% stake of Mandarin Oriental New York, a luxury hotel-chain in New York City. Mandarin Oriental New York, set in 2003, is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.

Avenue Supermarts fell 0.74%. The companys consolidated net profit rose 23.62% to Rs 552.56 crore on a 22.22% increase in net sales to Rs 9217.76 crore in Q3 FY22 over Q3 FY21. DMarts earnings before interest, tax, depreciation and amortization (EBITDA) in Q3FY22 stood at Rs 866 crore compared with Rs 689 crore in the corresponding quarter of last year. EBITDA margin stood at 9.4% in Q3FY22 as against 9.1% in Q3FY21. The company added 17 stores in Q3FY22 and 29 stores in 9MFY22.

Global Markets:

Asian stocks were trading mixed on Monday as investors kept an eye on the coronavirus pandemic and rising interest rates in the U.S. Japans markets are closed for a public holiday. Covid cases have continued to rise sharply around the globe following the emergence of the highly transmissible omicron variant.

U.S. stocks ended lower Friday as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news.

On Friday, the Labor Department reported the U.S. economy added far fewer jobs in December than expected. The nonfarm payrolls report showed an increase of 199,000 in December. The U.S. unemployment rate fell to 3.9% in December from 4.2% in November, the jobs report showed.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.