Stock Market At Close: Sensex, Nifty Rise; Pharma, IT, Metals Shine

The Indian stock market ended on a positive note for the third consecutive session on January 10, 2024. At close, Sensex jumped 271 points at the 71657 mark. Nifty gained 73 points and ended the session at the 21618 level.

Among sectors, pharma, information & technology, and metal indices added 0.4 percent each, while oil & gas index shed 0.5 percent.

Around 1350 stocks advanced and 1206 stocks declined while 81 stocks remained unchanged.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian markets end up mixed

Asian markets ended on a mixed note with Nikkei jumping 1.97 percent hitting a 34-year high above the 34,000 mark for the first time since 1990. Hong Kong’s Hang Seng index shed 0.58 percent at the 16,097 level while Kospi was down 0.76 percent at the 2,541 mark.

Also read: Lupin, Oracle Financial Services Top 2 Stocks Which Can Fetch up to 13% Return

European markets mixed

European markets were trading on a mixed note with the Stoxx 600 index up 0.05 percent in the early hours of trade, with sectors trading in mixed territory. FTSE shed 0.23 percent at 7,666 while CAC added 0.09 percent at 7,433 mark. German DAX gained 0.19 percent at the 16,719 mark.

Stocks in the news

Manappuram Finance: down 4.84%

Manappuram Finance‘s share price slumped over 7 percent on January 10, 2024 but closed off day’s low. The market regulator SEBI has put the IPO of its arm Asirvad Microfinance in abeyance, according to media reports. Manappuram Finance informed the exchanges that Asirvad Micro Finance, its subsidiary, had filed a Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5.

SpiceJet: up 5.21%

Shares of SpiceJet zoomed 5 percent a day before the company’s annual general meeting, where the beleaguered airline plans to seek approval from stakeholders to raise Rs 2,250 crore to fuel its expansion and revitalisation. The airline also unveiled its vision for SpiceJet 3.0, aimed at bringing 25 grounded aircraft back into operation. The firm’s ambitious revitalisation plans have also garnered interest from the investor community, with reportedly 64 entities showing a willingness to invest in the low-cost carrier.

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