Sensex, Nifty updates on 11 January 2024: The BSE Sensex gained 63.47 pts or 0.09% to close at 71,721.18. The NSE Nifty rose 28.50 pts or 0.13% to 21,647.20. Polycab India shares plunged 20 per cent as Income Tax Department reports unaccounted cash sales of around ₹1,000 crore. Analysts anticipate intra-day volatility with Infosys and TCS announcing Q3 results. Infosys’ stock is under pressure as the company is set to announce the financial results for Q3 FY24 post the market hours later today, while TCS registers positive trends, trading in the green. Global markets show strength. SBI Capital expects CY24 to address economic aftermath, prioritising growth over inflation. Market advice includes booking profits in sectors with elevated valuations. Pharma remains attractive, and the chemical sector shows signs of recovery. Overall, markets are cautiously optimistic, closely monitoring Q3 results and potential shifts in 2024 trends.
