Stock Market HIGHLIGHTS: Sensex ends 237 pts lower, Nifty slips below 18,050 as market extends losses to second day

Rupee ends higher at 81.12 against US dollar

The rupee appreciates by 24 paise or 0.3 per cent to end at 81.12 against the US dollar.

Hindustan Unilever, Asian Paints, Bajaj Finance, Nestle top Sensex laggards

Bajaj Finserv, Larsen & Toubro, Reliance, Infosys and Sun Pharma are also among the Sensex stocks that fell the most among the 20 losers. 

On the flipside, PowerGrid, the HDFC twins, ITC and Tata Motors are among the top gainers.

Closing Bell | Sensex down 234 pts, Nifty50 at 18,028   

Both headline indices finish the day 0.4 per cent lower. The Sensex sheds 236.7 points to end at 60,621.8, taking its losses to 424 points in two back-to-back sessions. 

The Nifty50 settles at 18,027.7, down 80.2 points from its previous close. (Read more on the January 20 session)

Here's how both the gauges fared in intraday trade:

Sensex

Nifty

How MCX near-month gold futures have moved so far today

Gold futures surge to record high of Rs 56,850/10 grams   

Gold futures (February 3) gain by as much as Rs 304 or 0.5 per cent to a record high of Rs 56,850 per 10 grams. 

Coforge shares hold on to the green after Q3 results

Coforge shares are trading higher by Rs 140.3 or 3.5 per cent at Rs 4,106.7 apiece on BSE, having jumped by as much as Rs 283.6 or 7.2 per cent to Rs 4,250 earlier in the day.

The IT company reported financial results ahead of the opening bell on Friday.  

Buy Nifty futures, target 18,250/18,300: Arpit Beriwal

Arpit Beriwal of Motilal Oswal Financial Services suggests going long on Nifty futures for targets of 18,250 and 18,300 with a stop loss at 18,000. 

Union Bank of India Results | Net profit more than doubles to Rs 2,245 crore, NII up 20% 

The state-run lender's net interest income — the difference between interest earned and interest paid — comes in at Rs 8,628 crore for the October-December period, from Rs 7,174 crore for the corresponding period a year ago, according to a press release.  

Gross non-performing assets — or bad loans — as a percentage of total loans decreases by 52 bps to 7.93 per cent on a sequential basis. Net non-performing assets come down by 50 bps to 2.14 per cent. The bank reports provisions of Rs 3,036 crore, as against Rs 4,077 crore for the July-September period. 

Buy Raomond, Gravita: Motilal Oswal's Arpit Beriwal

Arpit Beriwal of Motilal Oswal Financial Services shares two calls in the cash market: 

• Buy Raymond for a target of Rs 1,600 with a stop loss at Rs 1,475 
• Buy Gravita for a target of Rs 485 with a stop loss at Rs 450

What brokerages make of Asian Paints now

Asian Paints shares at day's low 

Asian Paints decline by as much as Rs 66 or 2.3 per cent to Rs 2,802 apiece on BSE, extending losses to a second straight day after the paint maker reported a set of quarterly earnings that fell short of analysts' estimates. 

What brokerages say on HUL shares

Check out the complete list of brokerage calls today

Asian Paints shares at day's low 

Asian Paints shares drop by as much as Rs 66 or 2.3 per cent to Rs 2802 apiece on BSE.

Hindustan Unilever shares face selling pressure after Q3 results

HUL shares continue to struggle below the flatline, having fallen by as much as Rs 110.2 or 4.2 per cent to Rs 2,540.1 apiece earlier in the day. After market hours on Thursday, the FMCG giant reported net profit to Rs 2,505 crore for the quarter ended December 2022 and revenue of Rs 15,228 crore. Growth in its sales volume came in at five per cent. 

The earnings met analysts' expectations. 

According to Zee Business research, HUL's quarterly net profit was estimated at Rs 2,495 crore and revenue at Rs 15,000 crore, with volume growth of four per cent. (Read more on HUL shares)

Jefferies' Christopher Wood tweaks India long-only equity portfolio 

Here are some key changes: 

• HDFC Life added to the portfolio with 6% weight
• ICICI Prudential removed (had a weight of 6%)  
• Godrej Properties weight increased to 5% from 4%
• Macrotech weightage revised to 5% from 6%
• Jubilant FoodWorks removed from portfolio

Here's what the sectoral weightage in the India long-only portfolio of Jefferies looks like:

Read more on Chris Wood's model India portfolio 

Trading Call | Buy Nifty Bank 42,600 call option, says Globe Capital Market's Himanshu Gupta

In an interaction with Zee Business Managing Editor Anil Singhvi, Himanshu Gupta of Globe Capital Market suggests buying the 42,600 strike call option for the Nifty Bank at Rs 325 and Rs 300 for targets Rs 400 and Rs 475 with a stop loss below Rs 250.

Q3 Results | Hindustan Zinc, Indiamart, AU Bank, Polycab, Havells, PVR announced Q3 results on Thursday. Here's a lowdown

A slew of corporates reported their quarterly numbers on Thursday, including Vedanta group firm Hindustan Zinc, Hindustan Unilever, Asian Paints, Indiamart, AU Small Finance Bank, Polycab, PVR and Havells.

Catch key highlights here

Losses in oil & gas, FMCG shares offset gains in financial stocks

IndusInd, Tata Motors, PowerGrid, SBI top Sensex gainers

NTPC, ICICI Bank, Larsen & Toubro, UltraTech and HDFC Bank are also rising the most among the 20 gainers in the 30-scrip basket. 

Sensex, Nifty50 flat in early deals

Here's what the 30-scrip index looks like five minutes into the opening bell:

Pre-Open Market | Sensex up 43 pts higher at 60,901, Nifty50 at 18,116  

In the pre-opening session, the Sensex is up 42.7 points or 0.1 per cent at 60,901.2. The Nifty50 is barely in the green, up 7.8 points at18,115.6.

Anil Singhvi strategy for January 20: Key market triggers, important support levels for Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi shares his strategy for the January 20 session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.  

Traders' Diary | Buy, sell or hold strategy on TCS, Asian Paints, PVR, Inox Leisure, Hindalco, 15 other stocks today

In today's edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track.

Here's a list of stocks that are on analysts Varun Dubey and Kushal Gupta's radar today, and what they recommend in cash and derivative segments.

Check out the full list here

Brokerage calls: Hindustan Unilever, Asian Paints, PVR, Havells, Coforge in focus today

Asian Paints, Hindustan Unilever, PVR, Havells, Coforge, Mphasis and L&T Tech Services are some of the corporates that have reported their financial results for the October-December period.

CLSA has a 'reduce' call on Asian Paints and reduced its target price for the stock by more than five per cent.

Goldman Sachs has maintained 'neutral' on Hindustan Unilever and raised its target by Rs 50 to Rs 2,700. 

Check out the complete list here

Wall Street indices fall as jobs market data fuels concerns about sharp rate hikes

The three main US indices closed lower on Thursday after data pointing to a tight labour market renewed concerns the Fed will continue its aggressive path of hikes in benchmark interest rates that could lead the world's largest economy into a recession.

Weekly jobless claims came in lower than expected in a Labor Department report, indicating the jobs market remains solid despite the US central bank's efforts to stifle demand for workers.

Asian markets see mixed moves following weakness on Wall Street

Shares in major markets across Asia see cautious gains at this hour, following a weak handover from Wall Street overnight, with MSCI's broadest index of Asia Pacific shares outside Japan holding up 0.4 per cent at the last count. 

Here's how some of the key indices in the region fare: 

• Japan's Nikkei 225: up 0.2 per cent
• China's Shanghai Composite: up 0.6 per cent
• South Korea's KOSPI: down 0.2 per cent
• Singapore's Straits Times: down 0.1 per cent 

SGX Nifty futures edge higher 

Sensex, Nifty50 halted a two-day winning run on Thursday

Indian equity benchmarks Sensex and Nifty50 fell on Thursday, mirroring weakness across global markets after weak economic data from the US fueled worries about a recession and hawkish comments from Fed officials dented investor sentiment. Both headline indices halted a two-day winning streak. 

The Sensex ended at 60,858.4, down 187.3 points from its previous close, having dropped 329.2 points to 60,716.6 at its weakest level in intraday trade.

The Nifty50 closed with a loss of 57.5 points at 18,107.9. (Read more on the Jan 19 session)

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