The Indian market ended slightly higher on Monday amid mixed global indices. Sensex closed 85 points higher at 61,308 and Nifty gained 52 points at 18,308.

Here’s a look at the market action updates on BSE and ESN today.

12:50 p.m.: FM Nirmala Sitharaman will address the press conference at 4:30 p.m. today.

12:35 p.m.: Budget forecasts

Sunil Nyati, Managing Director of Swastika Investmart, said, “The market wants a budget that should be reformist and growth-friendly where last year’s budget went in the right direction, therefore, we need a new impetus for reform and growth in the next budget.

11:55 a.m.: Market check

Benchmark Sensex shares fell more than 130 points, trailing losses in Maruti Suzuki, Tech Mahindra and UltraTech Cement. Similarly, the Nifty was trading over 50 points at 18,254.

Axis Bank and BPCL were the main winners on NSE. Eicher Motors and Maruti Suzuki each traded 3% lower.

11:15 am: the rupee falls by 18 paise

In the interbank foreign exchange market, the rupiah opened weakly at 74.36 against the US dollar, then fell further to 74.43 against the greenback in early trades, registering an 18-paise drop since the last close.

The rupee fell 18 paise to 74.43 against the US dollar when trade opened on January 18 as the strength of the US currency and high crude oil prices weighed on investor sentiment.

Forex traders said muted domestic stocks and banks buying dollars on behalf of importers also dragged the local unit down.

11:00 a.m.: Axis Bank shares gain 2%

Shares of Axis Bank were trading up 2% after the bank said it had become the favorite to buy Citi’s consumer business in India, which is valued at around $1.5 billion in part of an expected deal that is expected to take place this month, according to two sources with direct knowledge of the matter.

Another Indian lender, Kotak Mahindra Bank is still in the running but has submitted a lower bid to Axis Bank and therefore ranks second in Citi’s order of preference, the sources told Reuters.

10:30 am: Angel One shares a 4% zoom

Shares of Angel One Limited were trading up 4% at Rs 1,416 on BSE. The brokerage reported a profit of Rs 164.54 crore in Q3FY22 against Rs 73.16 crore in Q3FY21. Revenue rose to Rs 597.3 crore from Rs 306.79 crore on an annual basis.

10 a.m.: Sensex loses more than 140 points

Benchmarks were trading lower in early trading today. Sensex was down 144 points at 61,164.69 and Nifty was trading 44 points lower at 18,263.

9:45 a.m.: HFCL reservoir sharing 9%

Shares of HFCL Limited fell 8.6% to an intraday low of Rs 88.10 on the Bombay Stock Exchange (BSE) after the company announced its results for the quarter ended December 2021.

The domestic telecom equipment maker posted a 4.7% drop in consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021, mainly due to higher component prices, in especially semiconductors.

The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago. Revenue decreased by 4.86% in the quarter to Rs 1,215.21 crore from Rs 1,277.48 crore in the same quarter of 2020-21.

9:18 am: Opening of the market

Indian benchmarks opened higher amid positive global indices. As of 9:18 a.m., the 30-stock BSE index traded up 104 points at 61,413.6, and the broader NSE Nifty index was up 37.5 points at 18,345.60.

Tech Mahindra was the top gainer in the Sensex pack, advancing more than 1%, followed by Titan, Bajaj Finance, TCS, Bajaj Finserv and Axis Bank.

Ultratech Cement and Maruti Suzuki were among Sensex’s biggest losers.

9:10 a.m.: Pre-opening market

Benchmarks were trading higher in the pre-opening session. Sensex was trading up 121.8 points at 61,430.77 and Nifty was up 29 points at 18,337.20.

8:55 a.m.: Pre-market commentary by Mohit Nigam, Head – PMS, Hem Securities

Benchmarks are expected to open flat while trends on SGX Nifty with a 4 point loss indicate a cautious open. Driven by positive global indices and buying interest in some auto and metal stocks, the market closed Monday at a three-month high amid volatility, forming a bullish candle on the daily charts.

Asia-Pacific markets traded mostly higher on Tuesday while US markets remained closed for a Martin Luther King Jr Day holiday.

Global investors remained alert to the prospect of US interest rate hikes over the coming months. The market could be volatile as Bajaj Finance, L&T Technology Services, ICICI Securities, Den Networks, EKI Energy Services, Just Dial, Jyoti Structures, Network18 Media & Investments, Shakti Pumps (India), TV18 Broadcast and a few others will release their quarterly results January 18.

Technically, the key resistance levels for Nifty50 are 18,340 followed by 18,380 and on the downside, 18,250 followed by 18,190 may provide strong support. The main resistance and support levels for Bank Nifty are 38,500 and 38,140 respectively.

8:45 a.m.: World markets

US markets were closed for a public holiday. In Asia, the Nikkei Weighted Index rose 0.85% and Hang Seng traded 0.58% higher. Shanghai Composite also rose 0.93%.

8:40 am: Action FII and DII

Foreign institutional investors (FIIs) sold shares worth Rs 855.47 crore on January 17, and domestic institutional investors (DIIs) sold shares worth Rs 115.31 crore, according to reports. provisional data available on NSE.

8:35 a.m.: The rupee fell 9 paise

Falling for the second session in a row, the rupee fell 9 paise on Monday to close at 74.24 (tentative) against the US dollar as muted domestic equities and high crude oil prices weighed on investor sentiment.

In the interbank FX market, the local currency opened at 74.18 against the US currency and saw an intraday high of 74.16 and a low of 74.36 during the session.

8:30 am: SGX Nifty

The Indian stock market is expected to open on a flat note as SGX Nifty was down 4.65 points at 18,335.20 at 08:30.

Singapore Nifty (SGX Nifty) is the Indian Nifty Index which is traded on the Singapore Stock Exchange and is considered the first indication of the opening of the Indian market.

8:15 a.m.: Market on Monday

The Indian market ended slightly higher on Monday amid mixed global indices. Sensex closed 85 points higher at 61,308 and Nifty gained 52 points at 18,308.

UltraTech Cement, M&M, Maruti, Tata Steel, TCS and L&T were Sensex’s top earners.

HCL Tech, HDFC Bank and Axis Bank were Sensex’s biggest losers, dropping as much as 5.89% on BSE. The BSE mid cap and small cap indices increased by 58 points and 153 points respectively.