Stock Market HIGHLIGHTS: Sensex, Nifty break two-day losing streak; auto, FMCG stocks unleash bulls
Stock Market Today HIGHLIGHTS: In the 50-stock Nifty50, 42 stocks advanced with Adani Ports, Adani Enterprises, Eicher Motors, Mahindra & Mahindra and Power Grid as top five gainers while TCS, ONGC, Tata Motors, Infosys and Sun Pharmaceuticals as top losers
Stock Market HIGHLIGHTS: Bulls stamped their authority on Dalal Street as markets ended their two-day losing streak on Monday. Indian frontline indices S&P BSE Sensex and NSE Nifty extended gains after starting on a cautious note. Buying in bank & financial services, FMCG and auto stocks lifted the mood of the markets. The 30-stock Sensex ended at 61,806.19, up 468 points or 0.76 points while the broader market Nifty50 finished at 18,420.45, up 151.45 points or 0.57 per cent. Banking gauge Nifty Bank settled 194.25 points or 0.45 per cent higher at 43,413.75.
Here are key takeaways from day's trading action:
1) In the 50-stock Nifty50, 42 stocks advanced with Adani Ports, Adani Enterprises, Eicher Motors, Mahindra & Mahindra and Power Grid as top five gainers while TCS, ONGC, Tata Motors, Infosys and Sun Pharmaceuticals as top losers.
2) Barring Nifty IT, remaining 14 Nifty sectoral indices ended in the green. The spotlight was on Nifty Auto and Nifty FMCG which were up 1.51 and 1.41 per cent respectively. The next major gainer was 0.98 per cent.
3) INDIA VIX, a measure of volatility in Nifty was down over 3 per cent and settled at 13.60.
4) Strong action was seen in sugar and paper stocks as well. In the broader markets, PB Fintech (Policy Bazaar) and Indiamart were among the top gainers in the Nifty Mid Cap 100 while top losers were Delhivery and Tata Teleservices (Maharashtra). The 100-share index closed at 32,166.75, up 0.49 per cent.
5) Nifty Small Cap 100 closed at 10,062.40, up 0.45 per cent. In the 100-stock index, advances were 49, declines 50 while one stock remained unchanged. The top gainers were UTI AMC, Suzlon and Shree Renuka Sugars while top losers were Chemplast Sanmar, Welspun India and Deepak Fertilizers.
6) KFin Technologies IPO opened today. The issue was subscribed 0.08 times around 4 pm. Retail investors subscribed this issue 0.12 times.
7) On BSE, out of 3,781 that traded today, 2,116 stocks advanced, 1,499 declined while 166 remained unchanged.
8) Singapore-based SGX Nifty futures were trading at 18,487, up 169 points or 0.92 per cent while Dow 30 futures were trading at 33,030.50, up 110 points or 0.33 per cent.
9) Major Asian benchmark indices ended mix. Nikkei 225 closed at 27,237.60, down 289 points or 1.05 per cent, China's Shanghai Composite was trading at 3,107.11, down 60.74 points 1.92 per cent. Meanwhile, Hang Seng traded at 19,352.81, lower by 97 points or 0.50 per cent. Kospi was down 7.85 points or 0.33 per cent 2,352.17.
10) The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments. However, fresh foreign capital outflows and rising crude prices restricted the rupee's rise, forex dealers said. At the interbank forex market, the local unit opened weak at 82.80 against the greenback and witnessed an intra-day high of 82.57 and a low of 82.80. It finally ended at 82.69 against the American currency, registering a rise of 6 paise over its previous close of 82.75. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.44 per cent to 104.24. PTI
11) Gold and Silver futures were trading with gains on MCX. Gold February futures were trading at Rs 54451 per 10 gram, up by Rs 151 or 0.28 per cent while March Silver futures were trading at Rs 68137 per kg, up by Rs 487 or 0.72 per cent.
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Latest Updates
This is all that we have from the stock markets. I, Shivendra, Kumar, will be back will all the Live action from the stock markets on Tuesday. Till then, be safe and have a good day!
Rupee Vs Dollar - Expert Take
Rupee to remain in a range of 82.20 to 82.90 in the next four days. Positioning is generally on $ long side so a downside could be expected with RBI holding the upside at 82.90, Anil Kumar Bhansali
Head of Treasury at Finrex Treasury Advisors LLP said.Commodity Market LIVE - Gold, Silver, Crude Oil Futures
BSE LIVE - 52 Week Highs and Lows
Stocks to Buy, Sell of Hold: LIC
Analyst Rakesh Bansal recommends a buy in LIC shares for a price target of Rs 950.
Buzzing Stock - GOCL
The stock was up 20 per cent in the intraday trade and was trading at Rs 410, up by Rs 65.50.
MARKETS LIVE - USDINR Futures: Most active contracts on BSECurre
Currency Markets - Most Active Contracts
Source: BSE Markets LIVE - Global Markets at a Glance
Major Asian benchmark indices ended mix. Nikkei 225 closed at 27,237.60, down 289 points or 1.05 per cent, China's Shanghai Composite was trading at 3,107.11, down 60.74 points 1.92 per cent. Meanwhile, Hang Seng traded at 19,352.81, lower by 97 points or 0.50 per cent. Kospi was down 7.85 points or 0.33 per cent 2,352.17.
Germany's Dax was trading at 13,959.30, up 66.26 points 0.48 per cent.
Stocks in Focus - Ultratech Cement
Strong demand for cement from infrastructure, rural and urban housing segments coupled with benign fuel and raw material cost bodes well for UltraTech Cement Company. Brokerage firm Sharekhan estimates Rs 1300 per share gains in this counter, banking on four factors while underlining a strong caveat.
Stock to Buy | UltraTech Cement | CMP 7,099 | Target: Rs 8,500 | Upside: 18%
The stock was recommended at a price of Rs 7223. It quoted Rs 7,099 on the NSE on Monday at 11:45 AM, up 1.22 per cent from the Friday closing price.
Markets LIVE - KFin Technologies IPO Subscription Status
Markets LIVE: Sector Spotlight
Stocks Sugar stocks have been in action since the government indicated that it may consider increasing sugar export quota for FY23 (April-June). Momentum continued in the sector during Monday's trading session as many stocks gained on the intraday basis. Several analysts on the Zee Business panel recommended their picks from the pack. This is what they recommended.
Stock to Buy/Hold: Bajaj Hindusthan | CMP: 18.89| Target: Upside
Bajaj Hindustan shares hit 10 per cent upper circuit at Rs 18.89, up by Rs 1.71 or 9.95 per cent on the NSE. The stock has outperformed Nifty50 over a 12-month period by 26 per cent, giving 32 per cent returns against 6 per cent returned by the broader index, according to data sourced from Trendlyne.
Analyst Simi Bhaumik had recommended the stock in the previous week and has asked investors to hold it for price target of Rs 22 and Rs 24.
Bajaj Hindusthan is a small cap company with a market cap of Rs 2400 crore on NSE. According to Bhaumik, the stock looks strong on technical charts and suggested investors to hold the stock in their portfolio.
Markets LIVE - Dr Reddy's Lab
Dr Reddy’s Lab share price: Pharmaceutical Company Dr Reddy’s Laboratories shares climbed around 2 per cent today, December 19 making it the top gainer of Nifty Pharma. On the 30-share benchmark S&P BSE Sensex effective today, automotive company Tata Motors replaced Dr Reddy’s Laboratories.
Markets LIVE - Nifty Sectoral Indices
Source: NSE Markets LIVE - How frontline index futures were trading?
Source: Comex Markets LIVE - Global Markets at a Glance
Source: Comex On Friday, Indian and US markets ended the week on negative note, falling sharply on commentary by US Federal Reserve Chair Jerome Powell. The Central Bank had lowered growth estimates for the world's largest economy estimating inflation levels to remain elevated. Dow 30 fell 3.19 over the week while S&P 500 was down 3.5 per cent. Nasdaq declined 3.9 per cent, registering second consecutive weekly loss.
Commodity Market Live - MCX Gold, Silver futures
Source: MCX Sovereign Gold Bond Scheme 2022, SGB 2022 Price, SGB 2022 Interest Rate, RBI Gold Bond Price Today, SGB Latest Issue: The government is all set to launch the next tranche of Sovereign Gold Bonds (SGBs). According to a release by the Government of India, Sovereign Gold Bond 2022-23 Series III tranche will open for subscription today i.e. December 19. Those who want to invest in SGB in 2022 can do so till December 23. It is to be noted that the fourth tranche would be issued on March 14, 2023.
Sovereign Gold Bond Scheme 2022-23 (Series III) – Issue Price
The Government of India, in consultation with the Reserve Bank of India, has fixed the issue price at Rs 5,409.
Markets LIVE - Sugar stocks in focus
Sugar stocks have been in action since the government indicated that it may consider increasing sugar export quota for FY23 (April-June). Momentum continued in this sector in the Monday trading session as many stocks gained on the intraday basis. While Bajaj Hindustan hit upper circuit of 10 per cent on the intraday basis, Shree Renuka Sugars, Balrampur Chini and Triveni Engineering were also among top gainers in the pack.
IPO Watch: KFin Technologies IPO Preview
Issue opens today and ends on 21 December
Price Band: Rs 347-366/share
Lot Size: 40 Shares
Minimum Investment: Rs 14640
Markets LIVE - Nifty on Charts
Markets Live - Nifty Gainers and Losers
Source: NSE Markets LIVE: What brokerages recommend?
Stock to Buy - Larsen & Toubro
Jefferies on Larsen & Toubro (CMP: 2175)
Maintain Buy, Target 2455
Sold 100% stake in L&T IDPL, gor Rs60 bn EV
Rs27.2 bn is gross equity receipts with L&T's 51% share implying Rs13.9 bn (Rs10/sh) receipt
Over next 12-36 mths, believe Nabha Power & Hyderabad Metro incremental ones being targeted
- Macquarie on Larsen & Toubro (CMP: 2175)
Maintain Outperform, Target 2240
Announces sale of L&T IDPL for EV of Rs 6000 cr & equity consideration of Rs 2723 cr
Divestment of non-core assets key to improve overall returns
Next focus - Support from State Govt for Hyderabad Metro & real estate monetisation
Markets LIVE - Rupee Vs Dollar
"As markets go into holiday mode stability seems to the keyword as dollar index is on 104.52, US 10 year at 3.51% and Brent oil at $ 80.52 per barrel. Equities were however down on Friday night as recession worries continue. This morning Asia also is down," Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said.
"Indian rupee was on the offer side against dollar which was well bid on Friday but today's opening is at 82.65 as RBI steps in to control the fall in rupee which has been mainly due to oil buying $ due to mid month. The range for the day is expected to be 82.40 to 82.90," Bhansali said.
Exporters may sell any bids of $ towards 82.80/90 while importers may buy the dips to the lower end of band to hedge their import liabilities for near term, he further 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.)
Markets LIVE: KFin Technologies IPO Preview: APPLY FOR LONG TERM
Positives:
New and strong Promoters
Business Leadership
Strong growth outlook
Strong FinancialsNegatives:
Risk of liability due to Karvy group as old promotersMarkets LIVE: F&O Ban Update
New In Ban: Balrampur Chini
Already In Ban: IRCTC, PNB, GNFC, BHEL, Delta Corp, IB Housing Fin
Out Of Ban: NilAnil Singhvi Strategy on Nifty and Bank Nifty - Key Support and Resistance Levels
US markets are unlikely to see another dramatic fall as the impact of Federal Reserve's commentary has now been discounted, Zee Business Managing Editor Anil Singhvi said. He said that there are not enough indicators from the global markets as year-end holiday season begins. Amid neutral global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and neutral sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, December 19, 2022.
Markets LIVE - Rupee Vs Dollar
Markets LIVE - Stocks in NEWS
Changes to S&P BSE Indices
Sensex
Add- Tata Motors
Drop- Dr Reddy’s Laboratories
Inox Green Energy 50% Anchor Lock-In Ended yesterday (30 Days)
Genesys International Corporation- Board meeting to consider amalgamation of Virtual World Spatial Technologies Private Limited (VWSTPL) a wholly owned subsidiary of company
Bajaj Consumer Care- Buyback to open (Period- 19th Dec to 16th June 23, No of Shares- 33.70 Lakh Shares, Price- Rs 240)
Hatsun Agro Products- Rights Issue of Shares (Period 19th dec to 9th Jan 23, Price- Rs 419, No of Shares- 301.07 lakh Shares)
DFM Foods - Delisting Offer to Close (Period- 13th to 19th Dec, Price- Rs 263.8, Shares- 1.32 Crore shares)
IPO:
Sula Vineyards - IPO Allotment (Price Band- Rs 340 to 357, Issue Size- 960.35 cr, Subscription-2.33 Times)
Change in Price Band
FACT: From 20% to 10%
Madras Fertilizers: From 20% to 10%
IRCTC Retail OFS Update
No of Shares offered 20 lakhs
Subscribes shares-74,568 shares (3.73%)
Markets LIve - Traders Diary on 20 Stocks
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 Research Analyst Ashish Chaturvedi and Kushal Gupta recommends a buy, sell or hold strategy in cash stocks, futures and give their best picks for today.
Markets LIVE - Trading Strategy by Anuj Gupta of IIFL Securities
Dow at 33440
Support 33200 / 33000
Resistance 33700 / 34950
Sideways
SGX Nifty at 18399
Suppprt 18250 / 18100
Resistance 18500 / 18620
Sideways
Bank Nifty @ 43576
Support 43200 / 42800
Resistance 44900 / 45100
Sideways
USDINR at 82.79
Support 82.50 / 82.30
Resistance 82.95 / 83 10
Sideways
- BUY MCX GOLD FEBRUARY AT 54100 STOP LOSS 53850 TARGET 54500
- Buy MCX Silver March AT 67400 STOP LOSS 66750 TARGET 68800
- Buy MCX CRUDEOIL DECEMBER AT 6100 STOP LOSS 5950 TARGET 6300
- BUY MCX COPPER DECEMBER AT 697 STOP LOSS 690 TARGET 708
- BUY NSE NIFTY AT 18250 STOP LOSS 18100 TARGET 18500
- BUY BANKNIFTY AT 43200 STOP LOSS 42800 TARGET 44900
- SELL USDINR AT 82.90 STOP LOSS 83.10 TARGET 82.40
(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.)
Market Recap - Friday Closing
Stock Market HIGHLIGHTS: Indian shares traded sharply lower on Friday amid weak global cues as selling pressure took over across sectors with banks, auto, IT and FMCG bearing maximum brunt. The 30-share benchmark S&P BSE Sensex closed 461 points lower, or 0.75 per cent down, at 61,337.81, while the broader 50-share NSE Nifty50 was down by 145 points, or 0.79 per cent lower to finish at 18,269.
In the 50-stock Nifty50 45 stocks declined. The top losers were Mahindra & Mahindra, Adani Ports, BPCL, Asian Paints and Dr Reddy's Laboratories while top gainers were Tata Motors, Hindustan Unilever, Nestle India, HDFC Bank and UPL.
Good Morning! This is Shivendra Kumar and I am back with al the LIVE action from the markets. Watch this space to remain updated.
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