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What you need to know before the stock market opens today: Top 10 points

Stock Market Today: Here are top things you need to know before the stock markets open today

Published on: Jan 30, 2024 08:25 AM IST
By HT News Desk
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Sensex and Nifty are likely to open flat on January 30. On Monday, the equity indices erased losses of the previous session ahead of the interim budget this week on February 1. Benchmark indices rose nearly 2 percent each on January 29 amid buying across sectors and heavyweights. At closing bell, Sensex was up 1.76 per cent reaching 71,941.57 and Nifty rose 385.00 points to 21,737.60. Here are top things you need to know before the stock markets open today:

Read more: What changed in global markets while you were sleeping: Top 10 updates

  1. Trends indicate a flat start for the broader index in India, with a gain of 17 points or 0.08 per cent.
  2. US stocks advanced ahead of a slew of megacap earnings, economic data and the Federal Reserve's two-day monetary policy meeting.
  3. Dow Jones Industrial Average rose 224.02 points to 38,333.45. The S&P 500 gained 36.96 points at 4,927.93 and Nasdaq Composite was at 15,628.04.
  4. Nikkei and Straits Times were both up 0.5 percent each.
  5. ITC Ltd reported net profit at ₹5,572 crore for the December quarter of FY24- a growth of 11 per cent from ₹5,031 crore in the same quarter of the previous financial year.
  6. Bajaj Finance reported a consolidated net profit of ₹3,638.95 crore for the October-December quarter of the current financial year. This was up 22.4 per cent from the same quarter of the previous year.
  7. On the other hand, Vodafone Idea reported a net loss of ₹6,985.9 crore for the December quarter.
  8. In US markets, the dollar held narrow ranges against its major peers.
  9. Gold firmed amid rising tensions in the Middle East. Spot gold was up 0.4 per cent at $2,025.97 an ounce while US gold futures settled 0.4 percent higher at $2025.4.
  10. Oil prices fell more than a dollar a barrel owing to China's ailing property sector sparking demand worries. Brent crude futures fell $1.15, or 1.4 per cent to settle at $82.40 a barrel.

Stock Market Today: The bull statue at Bombay Stock Exchange (BSE) building, in Mumbai. (PTI)
Stock Market Today: The bull statue at Bombay Stock Exchange (BSE) building, in Mumbai. (PTI)
 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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