Stock Market HIGHLIGHTS: Sensex ends 250 points up, Nifty closes with 70 point gains; Power Grid top gainer
Stock Market UPDATES: In the 50-stock Nifty50, 36 stocks advanced while 14 declined. The top gainers were Power Grid, ONGC, ICICI Bank, Bharti Airtel and Hero MotoCorp. The top losers were HDFC Life, Grasim Industries, Cipla, ITC and UPL
Stock Market Today HIGHLIGHTS: Indian stock markets witnessed a turnaround in the final trading session with bulls firing on all cylinders to ensure markets end in the green. Nifty scaled a new 52-week high of 18,427.95 on the intraday basis to finally end at 18,403.40, up 74.25 points or 0.41 per cent. Bank Nifty also touched yet another life time high of 42,450.05 before closing to 42,372.70, higher by
295.95 points or 0.70 per cent from the Monday closing. Meanwhile, Sensex, settled at 61,872.99, up 248.84 points or 0.40 per cent.
Here are top highlights of the day:
1) Tuesday's session was marked by ups and downs with the last hour surge where the frontline indices managed a strong closing.
2) In the 50-stock Nifty50, 36 stocks advanced while 14 declined. The top gainers were Power Grid, ONGC, ICICI Bank, Bharti Airtel and Hero MotoCorp. The top losers were HDFC Life, Grasim Industries, Cipla, ITC and UPL.
Also Read: Brokerages bullish on Grasim Industries; Jefferies estimates Rs 230 per share gain
3) Out of the 15 sectoral indices, 12 were gainers with Nifty Oil & Gas (+ 0.73 per cent), Nifty Bank(+ 0.70 per cent) and Nifty Auto (+ 0.64 per cent) taking lead. Meanwhile, the losers were Nifty FMCG (- 0.02 per cent), Nifty Media (-0.20 per cent) and Nifty Realty (-0.11 per cent).
4) India VIX, a measure of valatility in Nifty stood at 14.64, down 1.84 per cent.
5) In the broader market, there was stock specific action, Nifty Mid Cap 100 closing at 31,403.55 almost flat albeith with positive bias. While the Nifty Small Cap 100 settled at 9,777.30, down 0.26 per cent.
6) The rupee appreciated by 17 paise to close at 81.11 (provisional) against the US dollar on Tuesday, on positive domestic macroeconomic data and weak American currency. Forex traders said a firm trend in domestic equities, sustained foreign fund inflows and easing crude oil prices also supported the local unit. At the interbank foreign exchange market, the local unit opened at 81.18 and touched an intra-day high of 81.04 and a low of 81.45 against the greenback. The local unit finally settled at 81.11, registering a rise of 17 paise over its previous close. On Monday, the rupee depreciated by 50 paise to close at 81.28 against the US currency. PTI
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That is all from the stock markets today. I, will be back with all the LIVE action on Wednesday, 16 November. Till then, take care and have a great day!
Global Markets at a glance
SGX Nifty Futures were trading at 18,494.5, up 117 points or 0.64 per cent today.
Stock Market Highlights: IPO watch
Keystone Realtors IPO Subscription Status: The issue was subscribed only 0.09 time on the NSE as per the data available at 3:58 pm. The Retail Individual Investors subscribed the issue 0.11 times.
Source: NSE Anil Singhvi strategy - Final Trade
Anil Singhvi Final Strategy
Stock Markets Today: Anil Singhvi Final Strategy
Stock Market Today
Trade deficit came at USD 26.73 billion which took the sheen off the rupee appreciation taking it lower to 81.18, Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors LLP said. "Indian Stock markets were however up as Asian stock markets all ended at highs. The Dow futures were also up by 126 points. Rupee is expected to remain in a range of 80.50 to 81.50 for the rest of the week," he said.
As dollar index fell to 106.20 from 107 levels this morning rupee gained to 81.01 from a low of 81.44. There was custodials buying and sale of USD ftom a corporate.
(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.)
Fusion Micro Finance share tanked nearly 12 per cent on its debut. The stock was listed at a discount of 2.30 per cent on the NSE. The issue price was Rs 368 while the listing price was Rs 359.50.
Bharti Airtel is trading near its life highs of Rs 460 on the NSE. The stock was trading at Rs 448.75, up 4.40 or 0.99 per cent. The stock was among the top index contributors today in the otherwise lacklustre market.
Commodity Live:
Gold and Silver futures on MCX extend gains with the December Gold futures at Rs 52901, up Rs 183 or 0.35 from Monday closing price. Meanwhile, December Silver futures were trading at 62715 per kg, up Rs 245 or 0.35 per cent.
Commodity and currency expert Anuj Guta of IIFL Securities recommends a Buy on December Gold futures at Rs 52700 with a stop loss of Rs 52450 and price target of Rs 53300. As for Silver futures, buying is recommended at Rs 62300 with a stop loss of Rs 61750 and target at Rs 63200.
(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.)
Stocks in News: Tata Motors shares were tradung at Rs 436.15, up 0.56 per cent on the NSE while Cummins shares were trading higher 1.3 per cent on the NSE from the Monday closing price at Rs 1,364.90.
Cummins Inc and Tata Motors have joined hands to offer solutions in the hydrogen-powered commercial vehicle space, a company statement said on Monday.
Both companies will collaborate on the design and development of low and zero-emission propulsion technology solutions for commercial vehicles in India, including hydrogen-powered internal combustion engines, fuel cells, and battery electric vehicle systems under the agreement, Cummins said.
Stocks in News: Mindtree shares fell 1.6 per cent and were trading at Rs 3,706.20 on the NSE while Larsen & Toubro Infotech shares were trading at Rs 5,122.55, down by Rs 33.15 or 0.64 per cent.
The L&T Group has announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech). Post merger, the new entity -- LTI Mindtree will become the 5th largest software company in the country terms of market capitalisation, with a revenue of USD 5.25 billion this year on Monday, according to a PTI report.
The new entity -- LTI Mindtree will begin trading on exchanges from November 24.
Hindware shares fell on Tuesday. They were trading at Rs 332.40 on the NSE and were down by Rs 8 or 2.35 per cent. The company announced its September quarter results on Monday.
The company clocked revenue growth of 16 per cent in Q2FY23 expanding the H1FY23 revenue 45 per cent Y-o-Y. EBITDA Margin expanded by 159bps in H1FY23 despite increased input prices, the company said in its filing to the exchanges.
"We will continue to leverage the strength of its business capabilities, brand, and distribution to create value for all our stakeholders,” Sandip Somany, Chairman, Hindware Home Innovation Limited said.
Stock Market Today:
HDFC to raise up to Rs 5,500 crore via bonds on Thursday
Mortgage lender HDFC will raise up to Rs 5,500 crore by issuing bonds on private placement basis to shore up its resources.
The secured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 4,000 crore with an option to retain oversubscription of up to Rs 1,500 crore.
"The object of the issue is to augment the long-term resources of the Corporation," HDFC Ltd said in a regulatory filing on Tuesday.
The largest mortgage lender of the country said it will use the proceeds from the issue for financing or refinancing the housing finance business requirements.
The bonds issue opens on November 17, 2022 and closes the same day.
Housing Development Finance Corporation (HDFC), set for a merger with its subsidiary HDFC Bank, will offer a coupon at 7.70 per cent per annum on the bonds.
The tenor of the bonds is of three years.
HDFC stock was trading at Rs 2,667.10 on the BSE, up 0.21 per cent from the previous close. PTI
Block Deals Today
- RVNL 10.4 lakh shares traded in multiple transactions
- Bharti Airtel - 19.63 lakh shares traded in multiple transactions
- NHPC - 20.2 lakh shares traded in multiple transactions
- ITC - 11.5 lakh shares traded in multiple transactions
- Coal India - 11.7 lakh shares traded in multiple transactions
MCX Gold - Trading strategy
"Gold prices continued its winning streak for seven days in a row backed by a weaker dollar and a grim global outlook, which uplifted Gold prices. It seems the stage is set for a Multi-year bull run, as it waits for the right triggers to head northwards. On the daily chart, prices have touched 7 months high and it's placed above 20 and 60 days EMA, which is a positive sign for prices. The momentum indicator RSI is above 60 level, which indicates that momentum is strong for prices. Sustained buying above the 52700 level may push prices higher towards 53000 level or else prices may witness some profit booking at the higher level and may retrace down till the 52400 level," Deveya Gaglani, Research Analyst, Axis Securities 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.)
Stock Market Today
Source: BSE Stocks in News
The lockin-in period of Paytm ends today. The share was trading at Rs 629.40, down Rs 9.15 or 1.43 per cent.
Zomato shares were trading at Rs 70, up Rs 0.40 or 0.57 per cent on the NSE.
Stock Market Today LIVE UPDATES: US markets ended in the red on Monday amid fears of recession again propping up after Amazon announced lay-offs to cut losses. The global retailer's was the latest to hit the bandwagon of top US tech companies including Meta who had announced lay-offs. The tech-heavy Nasdaq Composite witnessed the bigest fall among frontline US indices. It fell over 1 per cent. But, Monday's correction is being attributed largely to Federal Reserve Governor Christopher Waller's comments where he said that the Central Bank still has to cover some distance before putting a pause on rate hikes and one should read too much not become from the cooling-off in October inflation.
Dow 30 settled at 33,536.70, down 211.16 points or 0.63 per cent while S&P 500 closed at 3,957.25, down 35.68 points or 0.89 per cent.
Foreign institutional investors (FIIs) were net buyers of Indian equities at Rs 1089.41 crore while the Domestic institutional investors also purchased Indian equities worth Rs 47 crore.
There is also IPO action as stock of Fusion Micro Finance IPO will be listed. The IPO was subscribed nearly 3 times. It will be Day 2 for Keystone Realtors IPO.
Stock Market Today:
Stock Market Today
Stock Market Today
Commodity Markets: Crude oil opened with significant weakness on Tuesday in the early morning trade on Tuesday. The fall in oil futures is on the back of sharp correction in the international prices.
Stock Market Today
Rupee opens with a 12 paise gains at 81.14.
Stock Market Today:
Trading Calls by Anuj Gupta of IIFL Securities
BUY MCX GOLD Dec AT 52500 STOP LOSS 52200 TARGET 52900
BUY MCX SILVER Dec AT 62000 STOP LOSS 61500 TARGET 62900
Sell MCX CRUDEOIL NOV AT 7100 STOP LOSS 7260 TARGET 6900
Buy MCX COPPER AT 692 STOP LOSS 687 TARGET 701
Buy Usdinr at 81.10 Stop Loss 80.80 target 81.80
Buy NIFTY AT 18280 STOP LOSS 18100 TARGET 18560
BUY BANKNIFTY AT 41950 STOP LOSS 41550 TARGET 42500
(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:
Rupee Vs Dollar: Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors LLP
"The dollar index stood at 107 levels while US 10 year yields were at 3.86% after some slightly hawkish comments by FED officials. Brent oil was at $ 92.56 per barrel. Asian currencies were relatively stable with Yuan however ingredients around 7.0566 levels and KRW at 1325 levels.
Rupee to open at 81 levels after a huge buying by oil, importers, defence and MSCI outflow took it from a high of 80.50 to 81.25. The opening and closing were were the high and low for rupee. The range for the day is expected to be 80.75 to 81.50.
Yesterday the RBI Governor in an interview said that they had accumulated reserves for a rainy day and have now been selling $ to prevent a massive depreciation. He also very clearly said that they will prevent excessive depreciation and appreciation of rupee by selling and buying dollars respectively.
The CPI, WPI and core inflation of India came softish yesterday making economists derive a lesser rate hike in the next MPC meeting in the first week of December-22. RBI Governor also said that what he had written in the letter to Central Government could be easily derived. As expected by the Governor CPI inflation came below 7% at 6.77%.
From yesterday's movement of rupee it is expected that exporters may get slightly higher levels to sell while importers may wait for 80.50 levels to hedge. Not expecting rupee to go above 80 levels.".
Stock Market Today: Anil Singhvi Strategy on Nifty, Bank Nifty - key support and Resistance Levels
Amid neutral global markets, neutral domestic institutional investors (DIIs), positive foreign institutional investors (FIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, November 15, 2022.
Stock Market Today: Anil Singhvi Strategy on Nifty, Bank Nifty - key support and Resistance Levels
Amid neutral global markets, neutral domestic institutional investors (DIIs), positive foreign institutional investors (FIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, November 15, 2022.
Market Recap
Market Highlights: Domestic stock markets ended Monday in the red, dragged by FMCG, PSU bank and media stocks. Off its intraday lows, BSE Sensex closed at 61,624.15, down 170.89 points or 0.28 per cent. Meanwhile, Nifty 50 settled at 18,329.15, up over 20.55 points or 0.11 per cent.
Also Read: Market HIGHLIGHTS: FMCG, media, PSU Bank stocks drag Sensex, Nifty; ITC, SBI top losers
Good Morning, this is Shivendra Kumar and I am back with all the live action from the stock markets. Follow this space to remain updated on all the action.
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