Share Market HIGHLIGHTS: Sensex ends 170 pts lower, Nifty gives up 21,750 on the last trading day of 2023
Share Market HIGHLIGHTS: Domestic equity benchmarks Sensex and Nifty50 finished the last session of 2023 on a muted note on Friday, December 29, but delivered returns to the tune of 20 per cent for the year-their second best yearly performance since 2017-to be among the top-performing stock indices around the globe. Catch all the highlights of the December 29 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock and trade recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Sensex and Nifty50 finished the last session of 2023 on a muted note on Friday, December 29, but delivered returns to the tune of 20 per cent for the year—their second best yearly performance since 2017—to be among the top-performing stock indices around the globe.
Catch all the highlights of the December 29 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock and trade recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
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
Share Market Today LIVE | Nestle India, Tata Motors, other stocks hit 52-week highs
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) M&M 1,737.00 1,758.00 1,739.95 (28 Dec 2023) 1,758.00 (29 Dec 2023) NESTLEIND 26,520.00 26,547.15 26,373.95 (28 Dec 2023) 26,547.15 (29 Dec 2023) SUNPHARMA 1,257.25 1,272.00 1,267.95 (19 Dec 2023) 3,090.00 (29 Feb 2000) TATAMOTORS 782.85 802.6 757.85 (28 Dec 2023) 1,381.40 (06 Dec 2010) TATASTEEL 139.6 141.2 138.80 (28 Dec 2023) 1,534.60 (16 Aug 2021) 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.
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
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 21,650-21,675 levels and a strong buy zone at 21,500-21,600 levels on Friday, December 29, the last trading session of the year. For the Nifty Bank, he expects support at 48,200-48,350 levels and a strong buy zone in the 48,000-48,150 range.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 5 paise to 83.15 against US dollar in early trade
Share Market Today LIVE | Nifty above 21,700; Sensex drops nearly 200 pts in opening deals
Nifty 50
Source: NSE
Sensex
Source: BSE
SBI, HDFC Bank, ICICI Bank remain domestic systematically important banks: RBI
State Bank of India (SBI), HDFC Bank, and ICICI Bank continue to be identified as domestic systemically important banks (D-SIBs), the Reserve Bank of India (RBI) said on Thursday. While ICICI Bank remained in the same bucketing structure as last year, SBI and HDFC Bank were moved to higher buckets.
For SBI and HDFC Bank, the higher D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025, wherein the additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer, the banking regulator said. Read more
Here's the list of D-SIBs for the current year, as laid out by the RBI:
| Bucket | Bank | Additional Common Equity Tier 1 requirement as a percentage of risk weighted assets (RWAs) |
| 5 | - | 1% |
| 4 | State Bank of India* | 0.80% |
| 3 | - | 0.60% |
| 2 | HDFC Bank* | 0.40% |
| 1 | ICICI Bank | 0.20% |
Stocks to Watch | IRCTC, Lemon Tree Hotels, City Union Bank, other stocks
Here are some stocks that will be in focus on Friday, December 29:
Lemon Tree Hotels: The company signed a Franchise Agreement for an upcoming hotel in Mussoorie, Uttarakhand. This opening will be in addition to existing eight and seven upcoming hotels and resorts in the state.
MCX: Suparna Tandon appointed as Non - Executive Non -Independent Director.
Updater Services Ltd: Director of Matrix Business Services India Private Limited Jayasree Srinivasan, a subsidiary of Updater Services Limited resigned from the Board of Matrix Business Services with effect from March 31, 2024.
City Union Bank: The private sector lender opened five new branches across India.
IRCTC: Pradeep Kumar joined the post of Chief Vigilance Officer, Indian Railway Catering and Tourism Corporation Limited on December 28.
Equitas Small Finance Bank: The Reserve Bank of India (RBI) approved ICICI Prudential Asset Management Company Limited (“ICICI AMC”) to acquire “aggregate holding” of up to 9.95 per cent of the paid-up equity capital or voting rights in Equitas Small Finance Bank. Read more
Share Market Today LIVE | GIFT Nifty futures indicate flat start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 11.2 points or 0.05 per cent at 21,953.5 ahead of the opening bell on Dalal Street.
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