The Indian markets ended Monday’s session on a positive note amid volatility, taking a breather after the recent fall. The benchmark gradually recovered as the day progressed after the weak start.

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Amid all this, the broader markets underperformed wherein midcap and small-cap ended lower by 1.4 and 2.7 per cent respectively. Sectorally, selling interest was visible in metal, auto, banking, media, realty indices and buying was seen in only IT stocks.

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Ajit Mishra, VP - Research, Religare Broking Ltd said, “We expect choppiness to remain high citing the prevailing uncertainty around the new COVID variant.”

“Besides, on the domestic front, macroeconomic data like GDP numbers, core sector data and auto sales figures will further add to the volatility. We reiterate our cautious stance and suggest preferring hedged positions,” Mishra added.

Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers said, “Indian markets opened in red following Asian markets peers as investors across the globe monitored developments around new covid variant omicron which triggered a large sell-off last Friday and muted today's morning trade.”

According to Solanki, “During the afternoon session, markets recovered initial losses and maintained their upward momentum following gains in Energy, TECK and IT stocks. Healthy buying was observed in blue-chip stocks.”

Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or the economy:  

Global Markets:

The American markets on Monday closed on a positive note despite the new Covid-19 variant Omicron concern. Nasdaq surged most of all key indices, up around 2 per cent, followed by S&P 500 up over 1 per cent and Dow Jones gained almost 0.7 per cent Monday.

Asian Markets:

Following the cues of global markets, Asain markets are trading mixed with Japan’s Nikkei surging most of all up by almost 1.5 per cent, followed by Shanghai up half a per cent on Tuesday.

On the other hand, South Korea’s Kospi is trading flat with negative bias and Hong Kong’s Hang Seng weak around half a per cent on Tuesday in the early morning trade.

SGX Nifty:

At around 07:22 am, SGX Nifty was trading with minor gains up 36.5 points or 0.21 per cent to 17122-level in the early morning trade on Tuesday amid strong global cues.

Oil rebounds above $76 on speculation Omicron-related drop overdone

Oil rebounded by more than 5% on Monday to above $76 a barrel as some investors viewed Friday`s slump in oil and financial markets as overdone while the world awaits more data on the Omicron coronavirus variant.

Top officials from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, echoed that view, with the Saudi energy minister quoted as saying he was not worried about the Omicron variant.

The World Health Organization has said it could take weeks to understand the variant`s severity, though a South African doctor who has treated cases said symptoms seemed to be mild so far.

Sebi slaps Rs 40 lakh fine on 8 entities in illiquid stock options case

Capital markets regulator Sebi on Monday imposed a Rs 40 lakh penalty on eight entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE.

In eight separate orders, the regulator has levied a fine of Rs 5 lakh each on Aadarshini Trading Company, Nimesh Doshi HUF, Shweta Garodia, Shubhi Bansal, Rajesh Jajoo, Neha Rathi, Neha Maloo and Shiva Polytubes.

The Securities and Exchange Board of India (Sebi) observed a large scale reversal of trades in the stock options segment of BSE. It noted that such a large scale reversal of trades in stock options lead to the creation of artificial volume at BSE.

GDP seen growing at 8.3% in Q2, 9.4% in FY22: Report

Leading rating agency India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.

The agency has attributed the higher growth to the nine consecutive quarters of over 3 per cent agriculture growth, which has brightened consumer spending and the resultant uptick in private final consumption expenditure, which is likely to clip at around 10 per cent in the September quarter of the current fiscal.

Rupee trips 18 paise to hit 5-week low  

The rupee on Monday dived 18 paise to close at a five-week low of 75.07 against the US dollar as fresh worries over new coronavirus variant weighed on already weak investor sentiment.

At the interbank foreign exchange market, the local currency opened at 74.84 and witnessed an intra-day high of 74.82 and a low of 75.16 against the US dollar in a highly volatile trading session.

The local unit finally settled at 75.07 a dollar, down 18 paise over its previous close.

SEBI gives approval for IPOs to 10 companies

As many as 10 companies, including Gemini Edibles & Fats India, defense supplier Data Patterns (India) Ltd, and digital mapping company MapMyIndia have received markets regulator Sebi's go-ahead to raise funds through IPOs.

The other firms that received the approval to float the initial public offerings (IPOs) are -- AGS Transact Technologies, Electronics Mart India, India1 Payments, Healthium Medtech, VLCC Health Care, Metro Brands, and Godavari Biorefineries.

These 10 companies, which filed their preliminary IPO papers with Sebi between August and September, obtained observations letter from the regulator during November 22-26, an update with the markets watchdog showed on Monday. In Sebi parlance, the issuance of an observations letter implies its go-ahead for the IPO.

Banks write off Rs 46,382 cr NPA in H1 

Banks have written off bad loans amounting to Rs 46,382 crore during the first six months of 2021-22, the finance ministry informed the Lok Sabha on Monday.

As per the RBI guidelines and policy approved by bank boards, non-performing loans, including, inter-alia, those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of the write-off.

In a written reply, Minister of State for Finance Bhagwat Karad said banks evaluate/consider the impact of write-offs as part of their regular exercise to clean up their balance-sheet, avail of tax benefit and optimise capital, in accordance with the RBI guidelines and policy approved by their boards. 

FII & DII Data:

Foreign portfolio investors (FPIs) remained net sellers for Rs 3332.21 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 4611.41 crore, provisional data showed on the NSE.

Stocks under F&O ban on NSE  

One stock: Indiabulls Housing Finance placed under the F&O ban on Monday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

(With inputs from PTI, Reuters and other agencies)

(Disclaimer: The views/suggestions/advices 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.)