Share Market HIGHLIGHTS: Sensex ends 169 pts lower, Nifty50 slips to 21,419 as market halts three-day winning run
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex halted a three-day winning run on Monday, December 18. Catch all the highlights of the December 18 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex halted a three-day winning run on Monday, December 18 dragged by weakness in financial, FMCG and IT shares, though gains in select oil & gas counters lent some support.
Catch all the highlights of the December 18 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Closing Bell | Sensex down 169 pts, Nifty50 slips to 21,419
Both headline indices finish the day 0.2 per cent lower, halting a three-day winning run. The Sensex drops 168.7 points for the day to 71,315.1 and the Nifty50 settles at 21,418.7, down 38 points from its previous close.
Here's how the indices moved through the course of the day:
Sensex
Share Market Tips LIVE | Buy Kfin Tech, Pitti Engineering shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Kfin Tech shares for a target of Rs 550 with a stop loss at Rs 500. Besides, he recommends buying Pitti Engineering shares for a target of Rs 725 with a stop loss at Rs 675.
Stocks to Buy | Caplin Point, IDFC First Bank, MGL among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Kunal Saraogi, Sandeep Jain and Mehul Kothari share their top stock recommendations in this special segment, Pick of the Week. On the analysts' 'buy' list are stocks such as Hindustan Unilever Ltd or HUL (HINDUNILVR), Mahanagar Gas Ltd (MGL), Caplin Point Laboratories (CAPPL) and IDFC First Bank (IDFCFIRSTB). Read more
Nifty Today LIVE | ICICI Bank, ITC, Infy, Power Grid among top drags
ICICI Bank, ITC, Infy, Power Grid and Axis Bank are among the top drags in the Nifty baskets at this hour. On the contrary, RIL, Sun Pharma, Bajaj Finance and Bajaj Auto are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Buy Caplin Point Labs shares, says Sandeep Jain
Sandeep Jain of Tradeswift Broking is positive on Caplin Point Laboratories, a stock he has a 'buy' call on this week in this special segment, Pick of the Week.
Mehul Kothari of Anand Rathi Shares & Stock Brokers recommends buying IDFC First Bank shares for a positional target of Rs 98 with a stop loss at Rs 86.
Pick of the Week | Check out the complete list of stocks to buy this week
Share Market Today LIVE | Shipping stocks trade mixed as companies avoid Red Sea and Suez Canal
Shipping stocks trade mixed as global shipping majors are avoiding the Red Sea and Suez Canal in the wake of the decision that was taken in the aftermath of the attack on commercial ships in Yemen.
Stocks from the pack, including the likes of Shipping Corporation of India, trade down around 0.6 per cent; GE Shipping is trading weak by 0.5 per cent and Shreyas Shipping is down by a marginal 0.04 per cent. On the other hand, Seamec trade higher with gains of around 5 per cent, while Cochin Shipyard is also up around 2 per cent. Read more
Share Market Today LIVE | Tata Power's subsidiary inks contract with NTPC; here is how the stocks are faring
Shares of Tata Power gain over 2 per cent on the BSE, snapping a two-day losing streak on Monday, December 18. Buying in the stock is seen after Tata Power's subsidiary signed a contract to supply 152 MWp DCR solar PV modules to NTPC. Meanwhile, shares of NTPC trade lower on the BSE. Shares of Tata Power trade 1.71 per cent or Rs 5.7, higher on the BSE at Rs 338.9 apiece. The market capitalisation of the company stands at Rs 1,08,258.10 crore. Read more
Share Market Today LIVE | Paytm rises nearly 3% after Macquarie gives buy rating to fintech firm
Shares of One 97 Communications Ltd, the parent company of Paytm, jump higher on BSE after the renowned global brokerage Macquarie advised to buy the stock with a target price of Rs 900. The Paytm stock is trading higher by 2.83 per cent, or Rs 17.15, at Rs 623 on BSE. Read more
Share Market Today LIVE | Granules India stock rises despite US FDA's inspection at its Virginia unit
Granules India shares rose in early morning deals on BSE on Monday (December 18, 2023) despite US FDA conducts good manufacturing practice inspection at subsidiary Granules Pharma's Virginia unit in USA
The Granules India stock trades higher by 1.59 per cent, or Rs 6.20, at Rs 395.05. Read more
Share Market Today LIVE | Indices recovers from day's lows; Nifty trades near 21,450, Sensex down nearly 50 pts
Share Market Today LIVE | Solar Industries shares crash nearly 11% after a blast in its factory
Solar Industries shares nosedive nearly 11 per cent to touch the day's low of Rs 6,155.35 on the BSE. The weak sentiment follows after the company said in a statement that nine workers had been killed in a blast that occurred early on Sunday morning at a factory run by Solar Industries India.
The company said it was investigating the causes of the accident and what corrective and preventive actions needed to be implemented in its filing.The factory manufactures industrial and military explosives, as well as propellants and warheads for India's defence sector, according to Solar Industries' website. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,175-21,250 levels and a strong buy zone at 21,000-21,075 levels on Monday, December 18. For the Nifty Bank, he expects support at 47,575-47,750 levels and a strong buy zone in the 47,325-47,500 band.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 6 paise to 82.97 against US dollar in early trade
Share Market Today LIVE | Sensex drops over 200 pts, Nifty slips below 21,450
Nifty 50
Nifty slips below 21,450, trades 22 points lower in opening deals.
Source: NSESensex
Sensex drops over 200 points in to trade at 71,264 opening deals.
Source: BSE
Stocks to Watch | Mazagon Dock, Lupin, PNB, Vedanta, NBCC, other stocks
Here are some of the stocks that will be in focus on Monday, December 18:
Mazagon Dock Shipbuilders:
Mazagon Dock Shipbuilders Ltd (MDL) signed individual contracts with a European client for the construction of three units of 7,500 DWT multi-purpose hybrid powered vessels on December 14, 2023, for around $42 million.
Lupin:
The company got tentative approval from the US drug regulator for a new drug application, Sitagliptin Tablets USP.
NBCC (India):
The company sold a total commercial inventory of around 2.23 lakh square feet worth Rs 905 crore, out of which, 0.43 lakh square feet worth Rs. 191.84 crore went to private entities.
Orient Green Power:
The board approved an increase in the size of the proposed fundraise by way of issuance of equity shares on a rights basis for a value not exceeding Rs 300 crore.
Vedanta:
The company's board will consider a second interim dividend on Monday, December 18.
Sandur Manganese:
The company's board will consider issuance of bonus shares on Monday, December 18. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 75.2 points or 0.35 per cent at 21,483 ahead of the opening bell on Dalal Street.
Good morning! Welcome to Zeebiz.com's blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
Happy trading, and happy investing!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.