Stock Markets HIGHLIGHTS: Sensex, Nifty end negatively amid profit booking; Titan, Tata Motors among top losers
Stock Markets Today HIGHLIGHTS: Domestic stock markets ended in the red on Thursday amid profit booking. Nifty50 was trading at 18,343.90, down 65 points or 0.36 per cent while the 30-stock BSE Sensex was trading at 61,750.60, down by 230.12 points or 0.37 per cent. The top gainers were Tata Consumer Products, Adani Enterprises, Larsen & Toubro, Power Grid HDFC Life while the top losers were Apollo Hospitals, Tata Motors, Eicher Motors, Mahindra & Mahindra and Titan. Bank Nifty closed trading at 42,458.05, down by 77.25 points or 0.18 per cent.
Here are top highlights of the day's action:
1) Markets ended their two-day gaining streak to settle negative on Thursday, a day of expiry. The weakness was primarily borrowed from global factors.
2) Profit booking was seen in the last hour of trade.
3) The domestic Out of the 15 sectoral indices 13 were trading in the red against 2 gainers. Nifty PSU Bank was up 0.79 per cent while Nifty Realty ended nearly flat albeit with a positive bias. Nifty Auto (-1.36 per cent), Nifty Consumer Durables (-1.36 per cent) and Nifty IT (-0.90 per cent) were the biggest sectoral losers.
4) India VIX, a measure of index volatility was at 14.88, down 1.47 per cent.
5) Correction was seen in broader markets as well with Nifty Mid Cap 100 settling at 31,072, down 0.40 per cent while Nifty Small Cap 100 closed at 9,663.50, down 0.34 per cent.
6) Paytm stocks tanked nearly 11 per cent on NSE reacting to the block deal. The shares ended at Rs 536.60, down Rs 64.85 from the Wednesday closing price.
7) Rupee falls 37 paise to close at 81.63 (provisional) against US dollar. USDINR November futures were trading at 81.6675, up 0.3350 or 0.41 per cent on the BSE.
8) Profit booking was seen in MCX Gold and Silver futures. December Gold futures were trading at Rs 52930 per 10 gram, down by Rs 132 while December Silver futures were trading at Rs 61295 per kg, down nearly Rs 700.
9) Dow 30 Futures were trading at 33,655.10, 101.30 points or 0.30 per cent higher. SGX Nifty was trading at 18,375.0, down 105 points or 0.57 per cent.
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Stock Markets Today HIGHLIGHTS: Domestic stock markets ended in the red on Thursday amid profit booking. Nifty50 was trading at 18,343.90, down 65 points or 0.36 per cent while the 30-stock BSE Sensex was trading at 61,750.60, down by 230.12 points or 0.37 per cent. The top gainers were Tata Consumer Products, Adani Enterprises, Larsen & Toubro, Power Grid HDFC Life while the top losers were Apollo Hospitals, Tata Motors, Eicher Motors, Mahindra & Mahindra and Titan. Bank Nifty closed trading at 42,458.05, down by 77.25 points or 0.18 per cent.
Here are top highlights of the day's action:
1) Markets ended their two-day gaining streak to settle negative on Thursday, a day of expiry. The weakness was primarily borrowed from global factors.
2) Profit booking was seen in the last hour of trade.
3) The domestic Out of the 15 sectoral indices 13 were trading in the red against 2 gainers. Nifty PSU Bank was up 0.79 per cent while Nifty Realty ended nearly flat albeit with a positive bias. Nifty Auto (-1.36 per cent), Nifty Consumer Durables (-1.36 per cent) and Nifty IT (-0.90 per cent) were the biggest sectoral losers.
4) India VIX, a measure of index volatility was at 14.88, down 1.47 per cent.
5) Correction was seen in broader markets as well with Nifty Mid Cap 100 settling at 31,072, down 0.40 per cent while Nifty Small Cap 100 closed at 9,663.50, down 0.34 per cent.
6) Paytm stocks tanked nearly 11 per cent on NSE reacting to the block deal. The shares ended at Rs 536.60, down Rs 64.85 from the Wednesday closing price.
7) Rupee falls 37 paise to close at 81.63 (provisional) against US dollar. USDINR November futures were trading at 81.6675, up 0.3350 or 0.41 per cent on the BSE.
8) Profit booking was seen in MCX Gold and Silver futures. December Gold futures were trading at Rs 52930 per 10 gram, down by Rs 132 while December Silver futures were trading at Rs 61295 per kg, down nearly Rs 700.
9) Dow 30 Futures were trading at 33,655.10, 101.30 points or 0.30 per cent higher. SGX Nifty was trading at 18,375.0, down 105 points or 0.57 per cent.
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This is all from markets today. I will be back with all the LIVE action on Friday. Till then, be safe and have a great day!
Stock Markets Today: How Oil Stocks traded today?
Centre’s decision to hike windfall tax on domestic crude oil did not materially impact oil stocks on Thursday and the lacklustre show by the sector was on account of the weakness in crude oil, technical analyst Nilesh Jain opines.
The tax on crude oil produced by state-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a government notification. The stock was trading at Rs 143.35, up 0.31 per cent.
Stock Markets Today: Zee Business Exclusive on SEBI
Exclusive:
Commodity Live: How commodities are tradaing on international markets
Source:Comex
Stock Markets Today: Which stocks are brokerages betting on?
Following the overall weak sentiment in the domestic market, the banking index moved in tandem with the frontline index and in the red. In the 12-stock index, five were trading positively with Federal Bank, ICICI Bank, Bank of Baroda, Punjab National Bank and IndusInd Bank being the gainers.
Banking stocks are in the radar of many top brokerages with large caps including ICICI Bank, IndusInd Bank among the top favourites.
Read More: Banks in focus: Why brokerages bullish on ICICI Bank, Kotak Mahindra, BoB, IndusInd?
Stock Market Today: F&O
Stock Markets Today:
Source: NSE
Pritam Patnaik, Head - Commodities, HNI and NRI Acquisitions, Axis Securities recommends a buy on dip’s strategy on gold estimating a rally in the yellow metal futures in the medium to long run. Patnaik says that plateauing inflation, weaker USD and stalling bond yields could act as the catalyst of the next bull run in gold prices. .
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Stocks to Buy
Bikaji Foods shares were trading at Rs 330.15 on the NSE and were up by Rs 12.70 or 4 per cent from the last closing price. The stock has been trading with strong momentum after getting listed at a premium on Wednesday. Meanwhile, Global Health shares were trading with over 5 per cent gains around this time at Rs 436.20 per share. The stock had a stellar debut and closed with 24 per cent gains on Wednesday.
Stock Markets Today: Nifty Sectoral Indices
Out of the 15 sectoral indices four were trading with marginal gains against 11 losers. Nifty FMCG (+0.11 per cent) and Nifty PSU Bank (+0.30 per cent) were gainers. The top laggards were Nifty Metal (-1.28 per cent), Nifty IT (0.60 per cent) and Nifty Auto (-0.60 per cent).
In the broader markets Nifty Mid Cap 100 and Nifty Small Cap 100 were trading with a negative bias. While the former was trading at 31,096.90 (-0.32 per cent) , down per cent, the latter was trading at 9,694.05 down (-0.03) per cent)per cent.
Sensex Top Gainers and Losers - LIVE UPDATES
Nifty on Charts: Intraday Movement
Source: NSE