Share Market News Live: Sensex, Nifty likely to open higher, in line with Asian stocks

Share Market Updates Today: Indian equity benchmarks settled almost flat on Monday amid a volatile trading session. Asian markets were mostly up as Japan’s Nikkei edged 0.15 per cent higher, China’s Shanghai Composite climbed 1.76 per cent and Hong Kong’s Hang Seng index jumped 4.51 per cent. South Korea’s Kospi, however, fell 0.62 per cent. US stock futures were down, indicating a lower opening for Wall Street later today. S&P futures fell 0.36 per cent higher, Nasdaq futures slipped 0.31 per cent and Dow Futures shed 0.34 per cent. Back home, foreign institutional investors bought net of Rs 214.76 crore equities on Friday, while domestic investors purchased Rs 712.34 crore worth of shares, as per provisional NSE data. Investors awaited the Reserve Bank of India’s monetary policy decision due later in the week. Meanwhile, oil prices rose as much as 2 per cent after Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, held their output targets, while easing Covid restrictions in China boosted expectations of a rebound in fuel demand. India is one of the largest importers of oil and a rise in prices have a bearing on the country’s inflation, which eased to 6.77 per cent in October.

Here are the share market highlights:

Market outlook – Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One Ltd

Going forward, our market is likely to remain upbeat in the near term, wherein any minor dip could be seen as an opportunity for the bulls to add long bets. We may expect gradual moves in key indices, but individual pockets are performing well. Hence, it’s advisable to keep focusing on such potential movers, which are likely to provide better trading opportunities.

Market view – Vinod Nair, Head of Research at Geojit Financial Services

Market continued its profit-booking trend from record high levels as it exercised prudence ahead of the RBI policy announcement on December 7. Partially, it was also due to an increase in crude prices due to OPEC decision not to cut output target, and ease in China’s Covid policy. The IT sector witnessed the highest profit booking, while bank and metals outperformed. Market participants expected a 35 bps rate hike compared to 50 bps in the previous three meets in anticipation of a fall in the inflation forecast.

Most active stocks

Reliance Industries, Rainbow Childrens Medicare Ltd, Gujarat Fluorochemicals Ltd, Tata Steel, ICICI Bank, HDFC Bank, Adani Ent, HDFC, SBI and Hindalco Raymond, BHEL, ICICI Bank, Paytm, Bajaj Finance, Maruti, TCS, Tata Steel and VBL were among the most active stock on NSE, in terms of value.

Share market breadth

The overall market breadth stood strong as 2,114 shares advanced while 1,484 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 290.42 lakh crore.

IT, energy & auto stocks underperform

Seven out of the 15 sector gauges — compiled by the National Stock Exchange — settled in the red. Sub-indexes Nifty IT, Nifty Oil & Gas and Nifty Auto underperformed the NSE platform by falling as much as 0.52 per cent, 0.36 per cent and 0.30 per cent, respectively. In contrast, Nifty Metal and Nifty PSU Bank rose 1.87 per cent and 1.20 per cent, each.

Mid and small-cap stocks

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 gained 0.25 per cent and small-cap rose 0.43 per cent.

Top gainers & losers on NSE

On the stock-specific front, Apollo Hospitals was the top Nifty loser as the stock cracked 1.98 per cent to close at Rs 4,775. Reliance Industries, Tata Motors, Tech Mahindra and Britannia were also among the laggards. In contrast, Hindalco, Tata Steel, UPL, Coal India and ONGC were among the top gainers.

Share market closing: Sensex ends marginally lower, Nifty holds 18,700

Sensex slips 34 points or 0.05 per cent to close at 62,835, Nifty settles 5 points or 0.03 per cent higher at 18,701

DCB Bank Ltd shares down 5.5%

Shares of DCB Bank Ltd plunged 5.74 per cent to trade at Rs 128.80. The stock touched a day low of Rs 127. A total of 5.12 lakh shares changed hands today, amounting to a turnover of Rs 6.83 crore on BSE. The company’s market capitalisation (m-cap) stood at Rs 4,007.85 crore.

Easy Trip Planners Ltd shares plunge 5%

Shares of Easy Trip Planners Ltd slumped 5.29 per cent to trade at Rs 60.90. The stock touched a day low of Rs 59.65. A total of 14.79 lakh shares changed hands today, amounting to a turnover of Rs 9.23 crore on BSE. The company’s market capitalisation (m-cap) stood at Rs 10,586.37 crore.

Share market update: Sensex, Nifty off day’s lows

Sensex slips 21 points or 0.03 per cent to trade at 62,847.97, Nifty edged 3 points or 0.02 per cent lower to trade at 18,693

Zomato falls 4%

Shares of online food aggregator Zomato plunged 4.08 per cent to trade at Rs 65.80. The stock touched a day low of Rs 65.55. A total of 35.52 lakh shares changed hands today, amounting to a turnover of Rs 23.69 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 56,313.24 crore.

TVS Motor Company down 3%

Shares of TVS Motor Company cracked 3.45 per cent to trade at Rs 1,013.10. The stock touched a day low of Rs 1,009.80. A total of 27.09 lakh shares changed hands today, amounting to a turnover of Rs 276.39 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 48,131.08 crore.

BHEL down 3%

Shares of BHEL slipped 3.04 per cent to trade at Rs 87.80. The stock touched a day low of Rs 87.10. A total of 21.29 lakh shares changed hands today, amounting to a turnover of Rs 18.85 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 30,624.75 crore.

Share market update: Sensex falls over 250 points, Nifty trades below 18,650

Sensex slips 259 points or 0.41 per cent to trade at 62,610, Nifty moves 71 points or 0.38 per cent lower to trade at 18,625; Adani Enterprises, Tata Motors, SBI Life, Britannia and Reliance Industries among top drags on NSE

LTIMindtree slips 1.5%

Shares of LTIMindtree fell 1.62 per cent to trade at Rs 4,986.10. The stock touched a day low of Rs 4,984.40. A total of 5,655 shares changed hands today, amounting to a turnover of Rs 2.84 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 1,47,486.82 crore. (Read more)

Angel One falls 4%

Shares of Angel One fell 4.42 per cent to trade at Rs 1,548.10. The stock touched a day low of Rs 1,547.40. A total of 21,000 shares changed hands today, amounting to a turnover of Rs 3.34 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 12,906.10 crore.

Unichem Laboratories down 8%

Shares of Unichem Laboratories dived 8.42 per cent to trade at Rs 337.70. The stock touched a day low of Rs 333.95. A total of 56,000 shares changed hands today, amounting to a turnover of Rs 1.91 crore on BSE. The market capitalisation (m-cap) of the company stood at Rs 2,377.60 crore.

Share market update: Sensex, Nifty fall after opening higher

Sensex slips 193 points or 0.31 per cent to trade at 62,676, Nifty moves 48 points or 0.26 per cent lower to trade at 18,648; Hero MotoCorp, Nestle, HUL, PowerGrid and SBI Life among top drags on NSE

Most active stocks

Rainbow Childrens Medicare, Go Fashion, Reliance Industries, HDFC twins (HDFC and HDFC Bank), Paytm, Tata Steel, BHEL, Vedanta and Hindalco were the most active stocks on the NSE platform, in terms of volume.

Share market breadth

The overall market breadth stood strong as 1,934 shares were seen advancing while 685 were declining on BSE.

Sectoral indices’ performance

10 out of the 15 sector gauges — compiled by the National Stock Exchange — were trading in the green. Sub-indexes Nifty Metal and Nifty PSU Bank were outperforming the NSE platform by rising 0.82 per cent and 0.60 per cent, respectively. On the flip side, Nifty IT and Nifty FMCG shed 0.23 per cent and 0.28 per cent, each.

Mid & small cap indexes

Mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.31 per cent and small-cap moved 0.55 per cent higher.

Top gainers and losers on NSE

Hindalco, Tata Steel, JSW Steel, Cipla and Adani Ports were among the top gainers on the NSE platform today with their shares up as much as 2.28 per cent. In contrast, HDFC, HUL, Britannia, Asian Paints and SBI Life were among the top laggards.

Share market opening: Sensex, Nifty edge higher

Sensex rises 46 points or 0.07 per cent to trade at 62,915, Nifty moves 7 points or 0.04 per cent higher to trade at 18,703

Stocks to watch

Maruti Suzuki: The country’s Top carmaker said it expected a chip shortage to impact production in December more than in recent months after output for November hit the lowest in six months.

State Bank of India: The lender raised Rs 10,000 crore through its maiden infrastructure bond issuance.

Hindustan Aeronautics: The company received income tax refund worth Rs 427 crore.

Mahindra & Mahindra Financial Services: The company’s disbursements jumped 75 per cent to Rs 4,500 crore in November. (Read more)

Corporate actions today

LTIMindtree would be listed as a merged entity on Monday. Shares of Panchsheel Organics will go ex-dividend today. The boards of Alfa Transformers and Gujarat Toolroom will meet today to consider proposals of preferential issue of shares. Also, the board of Marg Techno Projects will consider a proposal of stock split.  The Sukhjit Starch & Chemicals board, meanwhile, would consider an interim dividend today.

Nifty ‘Put’ option data

Major ‘Put’ open interests were seen at 18,700, 18,000 and 18,500 strikes with total open interest of 87,071, 85,034 and 81,169 contracts respectively. Top ‘Put’ open interest additions were seen at 18,700 and 18,500 strikes which added 36,666 and 36,007 contracts, respectively. ‘Put’ unwinding was seen at 18,800 strike, which shed 14,906 contracts.

Nifty ‘Call’ option data

Major ‘Call’ open interests were seen at 19,000, 18,800 and 18,900 strikes with total open interest of 1,77,119, 1,61,222 and 1,15,213 contracts respectively. Top ‘Call’ open interest additions were seen at 18,700 and 18,800 strikes which added 84,012 and 79,139 contracts, respectively. ‘Call’ unwinding was seen at 19,600 strike, which shed 2,307 contracts, NSE data, as on December 2 (3:30 pm), showed.

Oil jumps

Brent crude futures surged $1.78, or 2.08 per cent, to $87.35 per barrel, while US West Texas Intermediate crude futures rose $1.59, or 1.99 per cent, to $81.57. Rise in oil prices is a negative for oil-importing countries like India, where crude oil constitutes the most in the country’s import bill.

US stocks

Dow Jones edged 0.10 per cent higher to settle at 34,429.88. S&P 500 slipped 0.12 per cent to end the session at 4,071.70. Nasdaq declined 0.18 per cent to close at 11,461.50.

Stocks in F&O ban

Delta Corp, Indiabulls Housing Finance and PNB are in F&O (Futures and Options) ban period today. Stocks are placed under F&O ban when the derivative contracts in their securities cross 95 per cent of the market-wide position limit.

SGX Nifty

Trends on SGX Nifty indicated a higher opening for the domestic markets. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 46 points or 0.24 per cent to trade at 18,870.5.

FII-DII data

Foreign institutional investors (FIIs) bought Rs 214.76 crore worth of shares, while domestic institutional investors (DIIs) purchased Rs 712.34 crore worth of shares on December 2, provisional NSE data showed.

Previous session

The benchmark BSE Sensex had declined 416 points or 0.66 per cent to settle at 62,868 on Friday, while the broader NSE Nifty had moved 116 points or 0.62 per cent lower to close at 18,696.

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