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. 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.coms 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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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
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 | 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 | 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
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
Share Market Today LIVE | Nippon Life India AMC stock hits all-time high—here's why
Nippon Life India AMC shares hit an all-time high of Rs 486.8 on BSE as the asset management company is set to strike a block deal with IndusInd Bank.The Nippon AMC stock is trading higher by 7.16 per cent, or Rs 32.20, at Rs 482 on Wednesday. Read more
MARKET AT ALL-TIME HIGH | Nifty hits record 21,587.5; Sensex crosses 71,850 for the 1st time ever
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 21,375-21,425 levels and a strong buy zone at 21,235-21,335 levels on Wednesday, December 20. For the Nifty Bank, he expects support at 47,650-47,750 levels and a strong buy zone in the 47,375-47,500 range.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee gains 1 paisa to 83.17 against US dollar in early trade
Share Market Today LIVE | Nifty, Sensex open at record high
Nifty 50
Nifty trade over 100 pts higher in opening deals.
Source: NSESensex
Sensex soars nearly 400 points higher in opening deals.
Source: BSE
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 21,570; Sensex hits 71,850 for the 1st time ever
Stocks to Watch | Varun Beverages, Grasim, RVNL, Deepak Nitrite, other stocks
Here are some stocks that will be in focus on Wednesday, December 20:
Varun Beverages:
The company signed a Memorandum of Understanding (MOU) with the Government of Jharkhand. The proposed deal is for manufacturing a plant in Jharkhand with a total capital outlay of approximately Rs. 450 crore. The company also informed that it acquired 'The Beverage Company', South Africa, for ZAR 3 billion (Rs 13.2 bn; 1 ZAR = 4.4 Rs).
Grasim Industries:
The Rajasthan High Court directed the company to deposit Rs 7.50 crore as stamp duty in compliance with the previous order dated October 11, 2023.
The company had filed a writ petition against the State of Rajasthan and others, challenging the order dated October 11 for non-consideration of stamp duty on a scheme of arrangement between Indian Rayon and Industries Limited and the company.
Rail Vikas Nigam (RVNL):
The KRDCL-RVNL joint venture emerged as the Lowest Bidder (L1) for “Varkala Sivagiri Railway Station". The lead partner is KRDCL with a 51 per cent share. The project is worth Rs 123 crore.
Deepak Nitrite:
The board of Deepak Phenotics Limited ('DPL'), a subsidiary of Deepak Nitrite Limited, has approved the execution of a binding Term Sheet between DPL and Petronet LNG Limited (PLL) for the offtake of 250 KTPA of Propytene and 11 KTPA of Hydrogen from Petronet Petrochemical Project at Dahej. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 82 points or 0.38 per cent at 21,611 ahead of the opening bell on Dalal Street.
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