Key Domestic Indices went on a Sluggish move today with marginal gain; Broader indices outperformed Benchmark indices

The equity benchmarks ended with marginal gains as investors turned cautious ahead of the December quarter earnings and US inflation data.

At close, the Sensex was up 63.47 points or 0.09 percent at 71,721.18, and the Nifty was up 28.50 points or 0.13 percent at 21,647.20.

Hero MotoCorp, Bajaj Auto, Reliance Industries, Axis Bank, and BPCL were among the top Nifty gainers, while losers included Infosys, Dr Reddy’s Laboratories, SBI Life Insurance, HUL, and Wipro.

BSE midcap and smallcap indices added 0.7 percent each.

Mid & small-caps outperform benchmarks.PSU banks, energy stocks gain; IT cautious ahead of earnings. FMCG, Metals, and pharma under pressure.



Tata Consultancy Services: The company reported net profit attributable to shareholders at Rs 11,058 crore in the quarter ended December 31, 2023, up 2 percent Rs 10,846 crore in the year-ago period. Consolidated revenue rose 4 percent to Rs 60,583 crore in the three months to December 31 from Rs 58,229 crore rupees a year earlier, TCS said in an exchange filing.

Hero Motocorp Limited: The company surged over 5 percent to Rs 4,367 in afternoon trade on January 11 after CNBC TV-18 reported that the two-wheeler major is set to enter the 440 cc segment by launching a range of products on January 23. “Maverick will be Hero’s entry into the 440cc segment for India and global markets and will be rolled out commercially in the coming months,” CNBC TV-18 said citing sources.

Polycab India Ltd: Shares of Polycab fell 21 percent on January 11 following the income tax department’s announcement of discovering “unaccounted cash sales” of about Rs 1,000 crore during searches of the company’s premises. The stock has been in a downtrend, plunging more than 27 percent in the last five sessions.

Easy Trip Planners Ltd: Shares of Easy Trip Planners, which operates the online travel portal EaseMyTrip, jumped more than 17 percent. The Delhi-based travel aggregator suspended all flight booking to Maldives following the disparaging remarks made by now-suspended Maldivian ministers against India and Prime Minister Narendra Modi following his visit to Lakshadweep.

Unichem Laboratories Ltd: The Unichem Laboratories share surged 5 percent after the company received the United States Food and Drug Administration’s nod for the generic version of a hypertension drug. The product will be commercialized from the company’s Goa plant.

Kalyani Steels Ltd: Shares of Kalyani Steels Limited surged nearly 15 percent after the company announced it had emerged as the successful bidder for the acquisition of assets belonging to Kamineni Steel & Power India Private Ltd under the invitation for the sale of Assets through the e-auction platform, under Insolvency and Bankruptcy Code, 2016.