Sensex and Nifty continued their bull bull run as both frontline indices have been breaking records on a daily basis. Sensex surpassed 63000 for the first time and was trading at 63,037.62, up 355.78 points or 0.57 per cent. Nifty50 was trading at 18,724.25, up 106.20 points or 0.57 per cent. Nifty Bank was trading at 43,182.10, up 128.65 points or 0.3 per cent.

Markets LIVE - Stocks in Ban 

ALREADY IN BAN 
IBULHSGFIN 94%
BHEL 92%
PNB 89%
DELTA CORP 89%
POSSIBLE EXIT 
NONE 
POSSIBLE ENTRANTS 
NONE 
 

Stock Markets Live - MSCI Semi-Annual Index Changes effective post closing today

- The changes come into force after today's closing.

- The MSCI Semi annual index was announced on 10 November
- 11 shares have been added while 1 is out of the MSCI India Domestic Index  
- 43 shares make entry while 16 make exit from MSCI India Domestic Smallcap Index

Entries in MSCI India Domestic Index

Company                     Estimated inflows (cr)    Estimated weightage
Tube Investments         Rs 1820                                     0.39%
Varun Beverages          Rs 1492                                     0.32%
TVS Motor                   Rs1361                                    0.29%
ABB India                    Rs 1009                                    0.22%

MSCI India Domestic Index - other stocks that have been included
Adani Power
Ashok Leyland
Astral
Au Small Finance Bank
Indian Hotels
Tata Elxsi
Trent
MSCI India Domestic Index से बाहर  
PFC

Entries MSCI India Domestic Smallcap Index 
BLS International
Barbeque Nation
Data Patterns
Mirza International
Rajratan Global Wire
RITES
West Coast Paper
Garden Reach
Himadri Speciality Chemicals
Arvind Fashions
MSCI India Domestic Smallcap Index से बाहर  
Spicejet
Schaeffler India
Polycab India
Lloyd Metals
Gujarat Fluoro
CG Power & Industrial
Canara Bank

"As MSCI inflows hit the market USDINR  fell from a high of 81.65 to a low of 81.45. Asian currencies were also stronger as CNH rose to 7.13 levels. Dollar index was near to 106.60 - stable. Indian Equities made new records as they moved up while Europe was flat after Asian equities were all up," Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said. 

Brent oil was also stable at  USD 84.86 as a crucial OPEC meeting  to decide on production cuts was to be held shortly, he said. Today we have the FED Chairman speaking  while India and US GDP data and fiscal deficit data was to be released, he said. 

Still expecting a range of 81.20 to 81.80 as we wait for RBI whether he buys dollars or not. Premiums continue to remain below 2 % for 1 year, he added.

Energy Sector Update

Energy stocks were in action on Wednesday after a committee headed by Kirit Parekh submitted its recommendations to the governent on gas pricing formula. In chat with Zee Business, Parekh said that ther are 12-13 types of gas fields in India and prices are different for different fields. The committee has simplified the pricing formula. He said that the main probelm was with respect to APM gas (Administerd Price Mechanism) which were being produced by ONGC and OIL from their fields.The fields were allocated without any royalty and profit sharing. The government has 55-57 per cent stakes in these fields and people were given gas at very subsidised rates from these fields, he added. The committe has suggested a floor price of USD 4/mBtu and the maximum price at USD 6.5/mmBtu.The recommendation has been made that the upper price shall be increased by USD 0.5 every year, he further said. This is with regards to APM Gas.

The committee has also recommended bringing natural gas under the ambit of GST. 

Commodity Live

Rice Stocks in Action

KRBL shares were trading at Rs 408.05, up Rs 12.75 or 3.23 per cent

Sectoral Indices LIVE - Nifty PSU Bank Index worst performer of the day

Nifty PSU Bank index was the wrst performer of the day with 11 out of 12 stocks trading in the red. The index was trading at 3,991.05, down 64.40 points or 1.59 per cent. The lone gainer was Indian Bank. The biggest losers on this index is Canara Bank, Uco Bank and Central Bank. 

  Source: NSE

Exchange Traded Funds - Live Action

Broader Markets Live - Nifty Mid Cap 100 Top Losers

 Source: NSE

Broader Markets Live - Nifty Mid Cap 100 

Stock specific action was seen in Nifty Mid cap 100 index with 60 advances, 38 declines and 2 remained unchanged. The top gainers were Varun Beverages, Oberoi Realty and Jindal Steel with gains between 4.5-3 per cent. The top losers were Canara Bank, Bank of India and Union Bank. 

Source: NSE

IPO Watch - Dhrmaj Crop Guard 

The issue ends today at 5 pm. The overall subscription in this issue was 4.09 times while the retail individual investors subscribed this issue 6.19 times. 

IPO Watch - Uniparts India 

Uniparts India IPO opened on Wednesday and the three-day issue will end on Friday, 2 December, 2022. The issue was subscribed overall by 0.10 times on the NSE with retail portion subscribed 0.17 times at the time of filing this information. The Non-institutional investors subscribed this issue 0.06 times.

Source: NSE 

Markets LIVE: Nifty Bank drops over 100 points  

Nifty Bank index fell 112 points amid profit booking. It was trading at 42,941.10, down 112.35 points or 0.26 per cent. Indusind Bank and SBI were the top losers on Nifty50.

Gland Pharma shares were trading at Rs 1,798.80, down Rs 79.15 or 4.21 per cent. The company on Tuesday informed about a 100 per cent acquisition in Cenexi Group by its subsidiary. The deal cash consideration is Rs 1015 cr with an enterprise value of Rs 1943 crore. After the acquisition, the company plans to expand CDMO or Contract Development & Manufacturing Organization. Under the agreement, 7 subsidiaries of Cenexi Group will be acquired. The total expense on this deal will be 21.03 crore Euro (Rs 1776 crore) which includes cash and loan components.

India GDP Numbers today

“We expect 2QFY23 GDP growth at 6.2%. While this is much lower than 1QFY23 growth of 13.5%, much of it is due to difference in base effects. Contact-based services had continued to improve in 2QFY23 and festive season demand would have had a positive impact. Corporate earnings growth have been broadly in line with expectations which should support the GDP growth at around 6% level in 2QFY23,” Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities said.

BSE Index Contributors 

Market LIVE: Which Nifty Sectoral indices are in action?

Realty, metal and auto stocks were in top action on Wednesday. Nifty Realty Index was trading at 449.35, up 1.27 per cent while Nifty Metal Index was trading at 6,517.65, up 1.09 per cent. Nifty Auto was trading at 13,094.25, up 0.67 per cent.The worst performers were Nifty PSU Bank, Nifty IT and Nifty Consumer Durables.

Source: NSE

Stocks in News Zomato

Zomato stock is in news today as Chinese behemoth Alibaba is selling its shares worth USD 200 million in Zomato via a block deal. Ant Financial and Alipay will bring down their stake in the Deepinder Goyal-run food delivery unicorn to about 10 per cent from the current 13 per cent, reported IANS citing a media report.

The stock was trading at Rs 63.90 on the NSE, up Rs 0.35 or 0.55 per cent around 10:45 am on Wednesday.

Market Expert Ambarish Baliga told Zee Business that the right valuation to enter this stock is between Rs 45-50. He said that the stock may not go down today on account of block deal.

Alibaba is selling its stake at Rs 60 per share.

Read More: Zomato Share Price: Alibaba offloads stocks worth $200 million; Should you buy it? Check make and break level
 

Live Markets: Bank Nifty trade

Nifty Bank was trading with marginal gains at 43,072.40, up 18.95 points or 0.04 per cent. In the 12-share index, 6 advanced, 5 declined and one remained unchanged. The top gainers were AU Small Finance Bank, Bandhan Bank and HDFC Bank while top losers were Punjab National Bank (PNB), Axis Bank and State Bank of India (SBI).

 Source: NSE  

Commodity Live Today - Gold Price 

Gold is set for a best month in this year as the expectation of a smaller rate hike by Fed in their upcoming meetings has supported the yellow metal, Ravindra V Rao, Head Commodity Research, Kotak Securities Ltd said. Traders are on the side-lines awaiting the Fed chair speech as that will provide more cue on the US economy and Fed’s stance in the future monetary policy. Next three days will be important for precious metals amid important data prints like US Q3 preliminary GDP, ISM manufacturing PMI and NFP report, he added.

"COMEX Gold is trading flat todayafter gaining 0.48 per cent in yesterday’s session. Although gold closed higher yesterday, it was bounded in a range as traders await important US economic data prints as well as Fed Chair Powell's speech.US Dollar index is also range bound between 107-106 after a recovery from lower levels," Rao said. 

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

Zomato Shares were trading at Rs 64.05, up by Rs 0.50 or 0.79 per cent.

Zomato: Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal on Wednesday, the media reported. Ant Financial and Alipay would bring down their stake in the Deepinder Goyal-run food delivery unicorn to about 10 per cent from the current 13 per cent, reported IANS citing a media report.

Sensex Live Updates - Gainers and Losers

17 stocks advanced while 13 decline in 30-stock index

Markets Live - Nifty in Charts

Stock Market Today - Nifty Gainers and Losers

Nifty today opened cautiously and the momentum picked up as the session progressed. The 50-stock hit yet another lifetime high helped by metal and auto stocks. 42 stocks in the index were trading in the green against 8 losses.  

Stock Markets LIVE: Wall Street to look at Fed Chair Jerome Powell Speech 

 Ahead of US Central Bank's Federal Open Market Committee (FOMC) meeting scheduled on 13-14 December, street will be watching Chair Jerome Powell's speech during an event on Wednesday. US Markets closed mixed on Tuesday with Dow 30 ending flat at 33,852.50 while S&P 500 closing the session at 3,957.63, down 6.31 points 0.16 per cent. However, Nasdaq Composite fell by over 60 points or 0.60 per cent on Apple's lackluster show. The shares declined over 2 per cent on China lockdown worries - their fourth consecutive fall.

Commodity Live Today 

MCX Gold February futures and March Silver futures were trading with positive bias in early trade.  

Currency Markets - Global trade

Source:Comex

Currency Market Updates - Rupee Vs Dollar 

Indian rupee opened at 81.64 against the US Dollar, up 8 paise.

Stock Markets Today - What top brokerages recommend 

- Citi on Gland Pharma (CMP: 1878) 

Maintain Sell, Target 1920 

Announced acquisition of Cenexi for Euro230m  

Though acquisition expands addressable market & also adds manuf. capabilities,  

yet to figure out how 2 businesses will complement each other & generate synergies 

- Goldman Sachs on Gland Pharma (CMP: 1878) 

Maintain Buy, Target 2530  

Announces acquisition of Cenexi; 

 as per management acquisition will help to expand Gland’s CDMO offerings in EU market  

Buy on Pickup in RoW & India sales Improvement in US/core markets  

Increasing production/utilisations at its key facilities 

- Morgan Stanley on Gland Pharma (CMP: 1878) 

Maintain Overweight, Target 2558 

Deal will be funded using net cash on Glands balance sheet 

Deal appears complementary to gland in terms of EU market access, 

Branded pharma customer base and some technologies 

See scope of meaningful value unlocking, subject to synergy execution 

- Nomura on Gland Pharma (CMP: 1878) 

Maintain Neutral, Target 2236 

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

Stock Market Live: Stocks to Buy, Sell of Hold Today

In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while making their strategies in them. The research team of Arman Nahar and Research Analyst Ashish Chaturvedi recommends a buy, sell or hold strategy in cash stocks, futures and give their best picks for today.

Read More: Traders Diary on 20 stocks: Buy, Sell or Hold strategy on Hindalco, Eicher Motors, ICICI Bank, Infosys, others
 

Stock Markets LIVE: Technical Analyst Anuj Gupta of IIFL Securities recommends this

Dow at 33877

Support 33600 / 33400

Resistance 34100 / 34400

Sideways to Up

SGX Nifty at 18737

Suppprt 18600 / 18450

Resistance 18900 / 19050

Up

Bank Nifty at 43293

Support 42900 / 42650

Resistance 43550 / 43800

Up

USDINR at 81.80

Support 81.50 / 81.20

Resistance 82.10 / 82.50

BUY MCX GOLD February AT 52900 STOP LOSS 52700 TARGET 53400

BUY MCX SILVER March AT 62500 STOP LOSS 61800 TARGET 63500

Buy MCX CRUDEOIL December AT 6300 STOP LOSS 6200 TARGET 6550

Buy MCX COPPER December AT 670 STOP LOSS 665 TARGET 680

BUY NIFTY AT 18600 STOP LOSS 18450 TARGET 18900

BUY BANKNIFTY AT 42900 STOP LOSS 42650....TARGET 43550

BUY  NCDEX TURMERIC DEC AT 7200 STOP LOSS 7000 TARGET 7500

BUY USDINR AT 81.40 STOP LOSS 81.20 TARGET 82.10

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

Global Markets at a Glance: Nikkei, Shanghai Composite, Hang Seng

Asian frontline indices were trading muted with NIKKEI 225 at 27,858.60, down 169.29 0.60 per cent while Shanghai Composite was trading at 3,150.07, down 0.33 points 0.01 per cent. Hang Seng was trading with minor gains at 18,204.97, 0.29 points 0.0016 per cent.

 Source: Comex

Stocks in News - Zomato

Zomato: Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal on Wednesday, the media reported. Ant Financial and Alipay would bring down their stake in the Deepinder Goyal-run food delivery unicorn to about 10 per cent from the current 13 per cent, reported IANS citing a media report.

Read More: Stocks in News, November 30: Zomato Alibaba, Inox Wind, Gland Pharma, Biocon, Lupin

Inox Wind: Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore. Inox Wind Ltd and its subsidiary Inox Green Energy Services Ltd, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs. 411 crore) towards reducing their debt, an exchange filing said.

Biocon: Biocon Biologics, a unit of Biocon, has completed the multi-billion dollar acquisition of the global biosimilars business of its partner Viatris Inc. In February this year, Biocon Biologics inked a pact to acquire Viatris Inc's biosimilars business for consideration of up to USD 3.33 billion (about Rs 24,990 crore).

Gland Pharma: Gland Pharma has entered into a put option agreement to acquire Europe-based Cenexi Group for up to EUR 120 million (around Rs 1,015 crore), marking its foray into the international markets. The company's wholly-owned Singapore-based unit Gland Pharma International PTE has entered into a 'Put Option Agreement' to acquire 100 per cent of Cenexi Group for an equity value not exceeding EUR 120 million, the Hyderabad-based drug contract development and manufacturing company (CDMO) said in a statement.

Lupin: Drug firm Lupin has received approval from the US health regulator to market Formoterol Fumarate Inhalation Solution in the American market. The company's product, a generic version of Mylan Specialty's Perforomist Inhalation Solution, is indicated for the treatment of Chronic Obstructive Pulmonary Disease (COPD).

Stock Market Today Live Updates - IPO Watch

Dharmaj Crop Guard IPO to close today - Issue Period- 28th November to 30th November, Price Band- Rs 216 to Rs 237, Lot Sizie- 60 Shares, Size- 251.15Cr) 

Dharmaj Crop Guard - Day 2 update and final day today  

QIB 0.76x 

NII 8.74x 

RETAIL 7.75x 

Employee 3.75x 

Total 5.97x 

Uniparts India IPO to open (Period- 30th November to 2nd December, Price Band- Rs 548 to Rs 577, Lot Sizie- 25 Shares, Size- 835.61Cr) 

Issue opens today. Size worth Rs 835.61 crore and is Offer For Sale. 

The company has collected Rs 251 crre through anchor book. 

Stock Market Live - Top Triggers Today 

- India Q2 GDP Data will be announced today so the street is expected to keep an eye on it.

- MSCI Semi-Annual Index Review Changes applicable after closing 

- KPI Green- Board Meeting to consider Bonus Issue 

Tuesday Market Recap

Stock Market HIGHLIGHTS: Domestic equity markets ended Tuesday on a positive note but off their day's highs. S&P BSE Sensex ended at ​62,681.84, up 177.04 points or 0.28 per cent while Nifty50 was closed at 18,618.05, up 55.30 points or 0.30 per cent. Bank Nifty closed at 43,053.45, higher by 33 points or 0.08 per cent.

Nifty50 hit a record intraday high of 18,678.10 and managed an all-time high closing as well. Meanwhile, the Sensex's all-time high was 62887.4. 

The top gainers on Nifty50 were Hindustan Unilever (HUL), JSW Steel, Cipla, Hero MotoCorp and Hero MotoCorp while the top losers were Indusind Bank, Coal India, Bajaj Finserv, Eicher Motors and Power Grid.

Read More: Stock Market Today Live: Off day's record highs, Sensex, Nifty end in green led by HUL, JSW Steel
 

Good Morning! This is Shivendra Kumar and I am back with all the LIVE action from the stock markets. Watch this space to remain updated.