Share Market HIGHLIGHTS: Sensex ends 170 pts lower, Nifty gives up 21,750 on the last trading day of 2023

Closing Bell | Sensex down 170 pts at 72,240, Nifty at 21,731 on last trading session of 2023   

Both headline indices finishes the last session of the year with a loss of 0.2 per cent. The Sensex sheds 170.1 points to end at 72,240.3 and the Nifty50 settles at 21,731.4, down 47.3 points from its previous close.

Nifty50

Sensex

Images: NSEIndia.com, BSEIndia.com

Read more on the session here

Share Market Today LIVE | Nestle India, Tata Motors, other stocks hit 52-week highs

Share Market Tips LIVE | Buy Bombay Dyeing, Rain Industries shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Bombay Dyeing shares for a target of Rs 165 with a stop loss at Rs 145. Besides, recommends buying Rain Industries shares for a target of Rs 163 with a stop loss at Rs 148.

Share Market Today LIVE | ICICI Bank, RIL, Infy among top drags of Nifty 50

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | Nifty IT trades over 150 pts lower

Source: NSE

Share Market Today LIVE | Nifty Bank trades over 250 pts lower

Source: NSE

Share Market Today LIVE | RailTel shares soar over 5%—Here's what’s keeping investors hooked

Shares of the state-run RailTel Corporation of India soar higher following three back-to-back sessions of losses after the railway PSU clinched an order worth Rs 120.45 crore from South Central Railway for comprehensive signalling and telecommunication works for the provision of an automatic block signalling system in the Yermaras-Nalwar section of the Guntakal division of South Central Railway, the company informed exchanges in its regulatory filing dated December 28 post-market hours. RailTel shares gain over five per cent to hit the day's high of Rs 309 on NSE. Read more

Share Market Today LIVE | IOCL, HPCL: OMCs decline after sources suggest govt may cut petrol and diesel prices ahead of elections

Shares of oil marketing companies (OMC)—Hindustan Petroleum Ltd (HPCL), Indian Oil Company (IOCL), and Bharat Petroleum Corporation Ltd (BPCL)—slip on Friday, December 29. The selling pressure is triggered after sources suggested that the government was likely to cut the prices of petrol and diesel ahead of the general elections.

Shares of HPCL are down over 3 per cent, BPCL slip over 2 per cent and IOCL decline over 1 per cent. On Thursday, after market hours, as per sources, the Petroleum Ministry prepared a proposal incorporating the price cuts for petrol and diesel ranging from Rs 10 to Rs 8 per litre. Read more

Share Market Today LIVE | On a roll! Tata Motors vrooms 105% in CY23; hits all-time high

Shares of Tata Motors, after catapulting as much as 6.5 per cent, notches an all-time high of Rs 802.9 per share on the NSE. With this phenomenal gain, Tata Motors has become the fourth stock of the Tata conglomerate to deliver multi-bagger returns to the tune of 105 per cent this year.

The gains in the stock are spurred amid Reuter report that the centre is mulling over the details of the new Electric Vehicle (EV) policy. Further, the policy would be framed in a way to promote EV manufacturing the domestic market, said the report. Read more

Share Market Today LIVE | Tata Consumer Products' m-cap crosses Rs 1 lakh crore for the first time 

Tata Consumer Products' market capitalisation crossed the Rs 1 lakh crore mark for the first time in the morning deals on Friday, December 29. The stock hit an all-time high of Rs 1,081.85 apiece on the BSE. Shares of the Tata Group company trade 2.97 per cent or Rs 30.90, higher at Rs 1,073 apiece on BSE. Read more

Share Market Today LIVE | Citi expects lower stress in financial sector but sees risk build-up in consumer credit 

After the RBI's report titled ‘Report on Trend and Progress of Banking in India' (dated December 27, 2023) mentioning that both banks, as well as NBFCs in the country, have registered growth in their balance sheet during 2022–23 and 2023–24, global brokerage Citi has come up with its take on the sector’s performance, wherein it has highlighted that stress in the financial space is lower than envisaged. Amid the broad-based sell-off, Nifty Bank and Nifty Financial Services  (December 29) is witnessing a drag of up to 0.62 per cent. Read more

Share Market Today LIVE | Kalpataru Projects International skyrockets to 52-week high after EPC firm bags mega orders

Kalpataru Projects International Ltd (KPIL) shares skyrocket to a 52-week high on Friday after the engineering, procurement and construction (EPC) company said it, along with its joint ventures and international subsidiaries, secured fresh orders to the tune of Rs 3,244 crore. The stock of KPIL zoom by as much as Rs 70.9, or 10.8 per cent, to Rs 729.6 apiece on BSE, surpassing a recent peak of Rs 723.5 scaled more than three weeks ago. Read more

Innova Captab IPO Listing | Muted Debut! Shares list at 1.8% premium to IPO price

Innova Captab shares debut at Rs 452.10 on the NSE, a premium of 0.92 per cent to the issue price of Rs 448 while it lists at Rs 456.1 on BSE, a premium of 1.8 per cent. Read more

BSE, NSE to conduct special trading session on Saturday, January 20

Stock exchange BSE and NSE will conduct a special trading session on Saturday, January, to test a disaster recovery site. Trading will be conducted in the cash as well as derivative segments on that day, according to separate circulars issued by the bourses on Thursday. The special trading session will begin normally, at 9:15 am, and conclude at 12:30 pm, in line with SEBI guidelines, NSE added. Read more

Share Market Today LIVE | Should you buy, sell or hold Zomato shares? Here’s what JPMorgan suggests 

Zomato shares remain in focus on Friday after JPMorgan maintained an ‘overweight’ call on the stock after the food delivery company received a show-cause notice for an alleged tax liability on Wednesday. The brokerage has placed its target price for the stock at Rs 150, which translates to an upside of 18 per cent from its previous close. Zomato shares edge higher, up 0.57 per cent at Rs 123.9 on NSE.

After market hours on Wednesday, Zomato said it had received the notice that required it to show why an alleged tax liability of Rs 401.7 crore along with interest and penalty, for the period from October 29, 2019, to March 31, 2022, should not be demanded from the company. The amount alleged in the notice is based on the amounts collected as delivery charges from the customers on behalf of the delivery partners during the referred period, according to the filing. Read more

Image: Reuters/ Representational image