Stock Market HIGHLIGHTS: All time high closing for Nifty, Sensex; BPCL, Hero MotoCorp end among top gainers
Stock Market HIGHLIGHTS: Out of the 15 Nifty sectoral indices, six ended in the red against 9 gainers. The top performer was Nifty Oil & Gas (+1.60 per cent) followed by Nifty Auto (+0.61 per cent) and Nifty FMCG (+0.34 per cent). The biggest laggards were Nifty Metal, followed by marginal losses in Nifty Consumer Durables, financial services and IT
Stock Market HIGHLIGHTS: Unfazed by the losses witnessed by their Asia peers, Indian frontline indices continued their winning streak on Monday. Nifty50 scaled a new lifetime high of 18,614.25, bettering its previous record of 18,604 on the intraday basis and finally settling at 18,562.75, up 50 points or 0.27 per cent. The S&P BSE Sensex also hit yet another lifetime high of 62701.4. The 30-stock index closed at 62,504.80, higher by 211.16 points or 0.34 per cent.
Here are key takeaway's from the day's action:
1) The top gainers were BPCL, Reliance Industries, Hero MotoCorp, Tata Consumer Products and SBI Life while the top losers were Hindalco Industries, Apollo Hospitals, JSW Steel, Tata Steel and HDFC Bank.
2) Out of the 15 Nifty sectoral indices, six ended in the red against 9 gainers. The top performer was Nifty Oil & Gas (+1.60 per cent) followed by Nifty Auto (+0.61 per cent) and Nifty FMCG (+0.34 per cent). The biggest laggards were Nifty Metal, followed by marginal losses in Nifty Consumer Durables, financial services and IT.
3) Bank Nifty ended at 43,020.45, up 0.08 per cent.
4) INDIA VIX, a gauge for volatility in Nifty was at 13.57, up 1.74 from the Friday closing.
5) There was stock specific action in broader markets as well with Nifty Mid Cap 100 and Nifty Small Cap 100 indices settling with gains. While the former closed up 0.73 per cent, the latter was higher by 1.23 per cent.
6) Out of 3,784 stocks that traded today, advances were seen in 2,092 stocks, declines in 1,511 stocks while 181 remained unchanged. 164 stock hit upper circuit while 36 hit lower circuit.
7) Dharmaj Crop Guard Limited's IPO which opened today was subscribed 0.73 times on the NSE with retail portion subscribed 1.29 times.
8) Singapore-based SGX Nifty, an early indicator of movement in Nifty50 was trading at 18,729, up 68 points or 0.36 per cent while Dow 30 Futures were trading at 34,155.50, down 191.50 points 0.56 per cent.
9) Asian markets ended in the red with top indices like Shanghai Composite and Nikkei 225 settling in the red on news of widepread protests in China against Xi Jinpping Government's decision of harsher lockdowns.
10) The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.35 per cent to 105.59. PTI
11) Global oil benchmark Brent crude futures declined 3.10 per cent to USD 81.04 per barrel. PTI
All this and much more! Watch this space for all the updates.
Latest Updates
This is all from the day's action. I will come back with all the LIVE action tomorrow - 29 November 2022, Tuesday. Till then, be safe and have a great day!
Market LIVE: The markets came off day's highs dragged by metal stocks. Hindalco Industries, JSW Steel and Tata Steel were among the top losers.
Stock Market Today - Metals lose shine
Metals were among top laggards on Monday with Nifty Metal - a gauge of movement in metal stocks - falling over 1 per cent. In the 15-stock index, 5 gained against 10 losers. The top gainers were Welspun Corp, MOIL and Hindustan Zinc while the top losers were Jindal Steel, Hindalco Industries and Vedanta Limited.
Source: NSE Stock Markets: Exclsive Today
Markets Today - LIVE UPDATES
Bank Nifty was off its day's highs of 43,159.80 and was up 0.22 per cent from the last closing. The top gainers in this 12-stock index were Bandhan Bank and IDFC First Bank. HDFC Bank was the lone loser in this and was down 1 per cent.
Market LIVE - Stocks in Ban
Stocks in Focus: Zomato shares were up over 1 per cent and trading Rs 64.70, up by Rs 0.70 or 1.09 per cent. The stock was reacting positively on news of Amazon closing its food delivery business.
Stock Markets Today - Nifty, Sensex widen gains
Nifty50 was trading at 18,613.45, up 100.70 points or 0.54 per cent while BSE Sensex was trading at 62,671.98, up 378.34 pooints or 0.61 per cent. 12-stock Nifty Bank index was trading at 43,106.45, higher by
122.50 points or 0.28 per cent.Commodity Live - Startegy on Gold, Silver futures
Buy December Gold futures at Rs 52300 with a stop loss of Rs 52050 and price target of Rs 52700 while buying is recommended at Rs 61000 with a stop loss of Rs 60300 and price target of Rs 6250, says commodity expert Anuj Gupta of IIFL Securities.
(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.)
Markets LIVE: Government could consider giving management control in state-run fertilizer companies; NFL, RCF shares shoot up
The government could consider giving management control of state-run fertilizer companies as it vies to divest its stake, Zee Business Correspondent Tarun Sharma reported.
Citing it as good news, Sharma said that an Offer For Sale (OFS) of government owned Rashtriya Chemicals and Fertilizers (RCF) Limited and National Fertilizers Limited (NFL) is likely to come where the government intends to sell 10 per cent stake in the former while 20 per cent in the latter.
Both these companies have received great response but big feedback has come on this, Sharma said citing his top sources.
The feedback is to transfer the management control of these companies and the government is mulling over it.
The stock prices shot up on this news with RCF shares trading around Rs 126 on the NSE, up nearly 6 per cent. NFL shares were up nearly 5 per cent and were trading at Rs 59.50 at the time of breaking of the news.
Madras Fertilizers shares were also up 5 per cent and were trading at Rs 53.95 while SPC was trading at Rs 66.85, up over 4 per cent.
Stock Market Today - IPO Watch
Dharmaj Crop Guard IPO issue which opened today were subscribe 0.41 times on the NSE as per the data available on the official website. The retail subscription was 0.75 times.
Stock Markets Today - How broader markets are trading
Broader markets were also trading with strong purpose as stock specific action was witnessed in mid cap and small cap counters. In Nifty Mid Cap 100 index, 69 stocks advanced while 30 declined and 1 stock remained unchanged. The top gainers were Hindustan Petroleum, Motherson Sumi and Tube Investments of India while the top losers were Gujarat State Petronet Limited (GSPL), Jindal Steel and Indian .
Energy Exchange (IEX) Stock Markets Today - Nifty RECLAIMS Mount 18604 after 13 months
Nifty reclaimed 18604 after nearly 13 months and the surge was led by energy stocks, private banks and auto.
Source: NSE Fertliser Stock in Action - Markets Live
Stock Market Today - Fertiliser sector in action
Global Markets at a Glance
Stocks in News: Shares of Paytm made a stunning recovery after initial slump as strong buying in the fintech company lifted it from day's low. The stock opened 3 per cent lower at Rs 444 apiece on NSE from its previous close of Rs 465.20 mainly on account of news of banking regulator putting a pause on on-boarding of online merchants by Paytm Payments Services Limited (PPSL). PPSL is a 100 per cent subsidiary of parent company One 97 Communications Limited.
The stock later turned green to quote Rs 476 at 11:36 AM, up around 2.50 per cent. The scrip hit an intraday high of Rs 479.50.
Commodity Live: How top commodities are trading on MCX
Source: NSE Sensex in Chart
Stock Market Today - Sensex at New Life High
Sensex today hit yet another life time high scaling Mount 62504.77. The 30-stock index was up 213.14 points or 0.34 per cent. 19 stocks advanced while 11 declined. The top gainers included Bajaj Finserv, Asian Paints, Infosys and Maruti Suzuki.
Stock Market Today - How top stocks were contributing?
Among the top contributors on Sensex were ICIC Bank, Infosys and Axis Bank. However, the top laggards were HDFC twins and State Bank of India.
Source: NSE Stock Market Today: Top Gainers and Losers on Sensex
Source: NSE Stock Markets Today - Top performing indices
Source: NSE Stock Market Today: Auto stocks gained on Monday after on favourable news regarding the scrappage policy. The Ministry of Road Transport and Highways, last week, issued draft notification of Vehicle Scrappage Policy mandating removal of vehicles older than 15 years.
All 15 stocks in the index were trading positively around this time. Tube Investments of India was the top gainer in this index followed by Hero MotoCorp. MRF, TVS Motor, Tata Motors, Bajaj Autoand Maruti Suzuki were among top gainers.
Stocks in News: Paytm
Paytm shares were in news as the banking regulator Resrve Bank of India (RBI) asked its subsidiary Paytm Payments Services Limited (PPSL). "One 97 Communications Limited has informed the Exchange about update on PA license: Paytm Payments Services Limited to resubmit application to RBI," the company informed in its filing to the exchanges. The stock was trading at Rs 451.60 on the NSE and was down, Rs 13.60 or nearly 3 per cent.
Stock Markets Live - Nifty Top Gainers and Losers
Source: NSE Stock Markets Today: What brokerages recommend?
Macquarie on Coal India (CMP: 231)
Maintain Outperform, Target 253
Macquarie on Hindalco (CMP: 441)
Maintain Outperform, Target cut to 517 from 545
Macquarie on Jindal Steel & Power (CMP: 521)
Maintain Neutral, Target raised to 586 from 381
(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.)
Weekly Outlook Nifty, Banknifty and USDINR by Anuj Gupta of IIFL Securities
Last week we saw the Indian equity market closed with positive bias coupled with life time high levels seen in sensex and banknifty. Last week sensex made a new high of 62404 levels, Bank nifty made a new high of 43339 levels, however nifty touched the high of 18,534 levels.
The trend of the Indian stock market is looking positive due to positive economic data as CPI came on a positive note. We are expecting that the market may trade positive further.
Technically nifty has a support at 18200 and then 17800 level, resistance at 18800 and then 19000 levels. We are recommending buy on a dips in nifty and expecting that it may test 18800 to 19000 levels very soon. Banknifty has support at 42800 to 42200 levels, resistance at 43800 to 44500 levels. Banknifty may test 43800 to 44000 levels very soon. We expect that Sensex may test 63000 levels very soon.
In november 2022 DIIs were in net buy positive of Rs 11358 Cr where DIIs were in net sell position of Rs 1588 cr. Last week the rupee was also closed on a flat note at 81.62 levels. Rupee has a support at 81.20 and resistance at 82.20 levels. It may trade with 82.00 to 82.20 levels.
(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.)
Friday Market Recap
Indian stock markets ended the November series with a bang as frontline indices created new records on Thursday. S&P BSE Sensex and Bank Nifty ended at lifetime highs while NSE NIfty50 managed a lifetime high closing at 18,484.10. The broader market index is only inches away from an all-time high of 18,604 which it hit on 19 October 2021. Banks & financial services and energy stocks acted as catalyst helping top indices achieve the feat.
Sensex closed at 62,272.68 gaining 762.10 points or 1.24 per cent after scaling 62,412.33 in the intraday trade.
Bulls started strong riding on positive sentiments from major markets and only strengthened their grip on the street as the session progressed. The trigger was FOMC meeting minutes which suggested that there was now a consensus on reducing the extent of rate hikes in the US. The Fed also acknowledged that the rate hikes did not achieve the desired results.
Stock Market Today: Top Stocks for today's trade
In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while making their strategies in them. The research team of Kushal Gupta and Research Analyst Ashish Chaturvedi recommends a buy, sell or hold strategy in cash stocks, futures and give their best picks for today.
Stock Market Today: Good Morning!, This is Shivendra Kumar and I am back with all the live action from the stock markets. Watch this space to remain updated.
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