Share Market HIGHLIGHTS: Big U-turn on D-Street! Sensex ends 931 pts lower, Nifty sheds 303 pts to 21,150 amid market-wide sell-off
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a session characterised by wild swings sharply lower on Wednesday, December 20, as a fag-end sell-off across sectors dragged the indices off all-time highs registered within the first few minutes of intraday trade. The Sensex shed 930.9 points, or 1.3 per cent, to end at
70,506.3 and the Nifty50 called it a day at 21,150.2, down 303 points, or 1.4 per cent, from its previous close—the 50-scrip index's worst single-day fall since mid-March.
Catch all the highlights of the December 20 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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a session characterised by wild swings sharply lower on Wednesday, December 20, as a fag-end sell-off across sectors dragged the indices off all-time highs registered within the first few minutes of intraday trade. The Sensex shed 930.9 points, or 1.3 per cent, to end at
70,506.3 and the Nifty50 called it a day at 21,150.2, down 303 points, or 1.4 per cent, from its previous close—the 50-scrip index's worst single-day fall since mid-March.
Catch all the highlights of the December 20 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:
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Thank you! That's all today on Zeebiz.com's blog on the December 20 session on Dalal Street
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Closing Bell | Big U-turn on Dalal Street! Indices retreat from all-time highs registered earlier in the day
The Sensex ends 930.9 points, or 1.3 per cent, lower at 70,506.3 and the Nifty50 settles at 21,150.2, down 303 points, or 1.4 per cent, from its previous close.
How Nifty50 moved in intraday trade
Sensex
All sectoral indices in the red on NSE; Nifty Media sinks 5%
| Index | Dec 20 close | Change (%) |
| NIFTY MEDIA | 2,322.35 | -5.11 |
| NIFTY PSU BANK | 5,532.85 | -4.04 |
| NIFTY METAL | 7,421.55 | -3.82 |
| NIFTY REALTY | 737.3 | -2.43 |
| NIFTY AUTO | 17,523.55 | -2.28 |
| NIFTY OIL & GAS | 9,053.80 | -1.89 |
| NIFTY HEALTHCARE INDEX | 10,181.70 | -1.78 |
| NIFTY FINANCIAL SERVICES 25/50 | 22,284.40 | -1.77 |
| NIFTY IT | 34,741.00 | -1.71 |
| NIFTY PHARMA | 16,121.25 | -1.65 |
| NIFTY CONSUMER DURABLES | 30,239.10 | -1.54 |
| NIFTY FINANCIAL SERVICES | 21,201.25 | -1.09 |
| NIFTY PRIVATE BANK | 24,508.15 | -1.04 |
| NIFTY BANK | 47,445.30 | -0.89 |
| NIFTY FMCG | 54,597.90 | -0.33 |
Share Market Today LIVE | Worst day for Nifty PSU Bank in over 10 months
The Nifty PSU Bank—whose 12 constituents include SBI, Bank of Baroda, Punjab National Bank and Canara Bank—drops as much as 239 points, or 4.1 per cent, to 5,526.8, its worst single-day fall since February 1, 2023.
Share Market Today LIVE | All Nifty PSU Bank stocks in the red; Punjab & Sind Bank plummets 7.6%; UCO Bank, Bank of Maharashtra plunge 7%
| Stock | CMP | Change (%) |
| SBIN | 636.25 | -2.92 |
| BANKBARODA | 219.05 | -3.12 |
| INDIANB | 431.1 | -3.52 |
| CANBK | 425.55 | -4.57 |
| BANKINDIA | 108.1 | -4.63 |
| UNIONBANK | 116.55 | -4.66 |
| PNB | 87.05 | -4.76 |
| MAHABANK | 44.5 | -6.9 |
| UCOBANK | 38.75 | -7.3 |
| PSB | 42 | -7.59 |
| CENTRALBK | 47.7 | -8.36 |
| IOB | 42.7 | -8.47 |
Share Market Today LIVE | Mayhem on Dalal Street! Sell-off across sectors; Nifty PSU Bank plunges 3.8%
The PSU banking index is down 3.8 per cent at 5,548.9 as the market enters the final 20 minutes of trade. Here's how the headline indices have fared so far today:
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Sensex tanks over 1,350 points from day's high, Nifty50 sinks below 21,200 amid heavy selling across sectors
The Sensex nosedives as much as 1,360.3 points from an all-time high of 71,913.1 registered earlier in the day to hit 70,552.8 on the downside. The Nifty50 slumps to as low as 21,161.9, having scaled a record high of 21,593 within the first few minutes of intraday trade.
HDFC Bank is the lone gainer in the 30-scrip basket, holding on to the green up 0.5 per cent for the day.
Image: NSEIndia.com
Share Market Today LIVE | Varun Beverages, Oil India, Kalyan Jewellers, Radico Khaitan, Voltas rise most among 440-odd gainers in BSE 500 universe
On the flipside, Indiabulls Housing Finance, Alok Industries, Punjab & Sind Bank and NBCC are the top laggards in the broadest index on the bourse.
Image: BSEIndia.com
Share Market Today LIVE | Nifty, Sensex falls from day's highs; all broad market indices in red
Share Market Today LIVE | Salasar Techno announces 4:1 bonus; check out record date
Salasar Techno on Wednesday announces the issue of bonus shares in the proportion of 4:1 i.e. four new fully paid-up bonus equity share of face value of Rs l each will be provided for one existing fully paid up equity share of Rs 1 each held by the shareholder. Read more
Traders' Diary | Buy, sell or hold strategy on Havells, DMart, Nava, Fortis Healthcare, Lupin, over a dozen other stocks today
In this edition of Traders' Diary, Zee Business shares exclusive research on more than a dozen stocks that investors and traders can track on Wednesday, December 20. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Transformers and Rectifiers shares in the cash segment for a target of Rs 194 with a stop loss at Rs 186
- Buy Havells India futures for a target of Rs 1,395 with a stop loss at Rs 1,360
- Buy the Rs 1,050 call option of Godrej Consumer for a target of Rs 29 with a stop loss at Rs 17
- Technical pick: Buy Nava Ltd shares for a target of Rs 480 with a stop loss at Rs 455
- Fundamental pick: Buy Godrej Agrovet shares for a two-month target of Rs 605
- Investment idea: Buy Avenue Supermarts shares for a target of Rs 4,700 with a perspective of 6-9 months. Reading more
Share Market Today LIVE | Nifty Bank trades nearly 150 pts higher
Source: NSE
Share Market Today LIVE | RVNL JV bags order for Varkala Sivagiri railway station project; stock gains
RVNL shares trade in positive territory on Wednesday after one of its joint venture firm emerged as the lowest L1 bidder for the redevelopment of Varkala Sivagiri Railway Station, Kerala. The stock of Rail Vikas Nigam Limited is trading up by 0.92 per cent, or Rs 1.70, at Rs 185.50. Read more
India Shelter IPO | Solid Start! Shares list at 24% premium on BSE
Shares of India Shelter Finance make a strong debut on the bourses today as the affordable housing finance company lists at Rs 612.70, a premium of 24.28 per cent, over its issue price of Rs 493 on the BSE. Meanwhile, Zee Business Managing Editor Anil Singhvi on Wednesday says that investors should keep a stoploss of Rs 600. Read more
DOMS IPO Listing | Stellar debut for DOMS, lists at 77% premium over IPO price
Doms Industries makes a strong debut on bourses today as shares list at Rs 1,400 on NSE and BSE both against the issue price of Rs 790. Read more
Share Market Today LIVE | Varun Beverages zooms up to 18% as the company's foray into South African market cheers brokerages
Shares of Varun Beverages on Wednesday zoom as much as 18 per cent to the day’s high of Rs 1,380.45 apiece on the BSE. The buying interest in the stock is triggered after the company’s foray into the African market with the acquisition of the Beverage Company was cheered by brokerages.
Global brokerage CLSA has upgraded the stock to ‘Buy’ from the earlier ‘Outperform’ call with a higher target of Rs 1,419 as against the previous Rs 1,070. Read more