$65,022.36
+0.93%
$3,137.89
+2.07%
$78.68
+0.58%
$29.61
+1.82%
$119.84
-2.52%
$0.00
-2.54%
$26.14
-1.19%
$0.16
+0.54%
$21.87
+2.64%
$0.00
+6.31%

Sensex Today: Stock Market Highlights Today: Nifty forms back-to-back Dojis. Where’s it


Sensex and Nifty ended marginally down on Thursday due to losses in Reliance Industries, Bajaj Finance and Maruti as investors remained cautious amid surging Omicron cases. The 30-share index ended 12.17 points or 0.02 per cent lower at 57,794.32. Similarly, the broader Nifty fell 9.65 points or 0.06 per cent to 17,203.95. Reliance Industries was the top loser in the Sensex pack, falling nearly 2 per cent, followed by Tata Steel, Maruti, Bajaj Finance, Sun Pharma and SBI.

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CCI approves acquisition of 96% stake in Jindal Power by Worldone

The Competition Commission of India (CCI) on Thursday approved the acquisition of over 96 per cent stake in Jindal Power by Worldone. Earlier in July, Jindal Steel & Power Limited (JSPL) had announced receiving the Rs 7,401-crore revised offer from Worldone Private Limited to acquire the 96.42 per cent stake in Jindal Power Ltd (JPL). The company had informed that out of the Rs 7,401 crore, Rs 3,015 crore will be paid in cash, while the balance Rs 4,386 crore will be settled by way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances extended by JPL to JSPL.

Just In: Interglobe Aviation resolution passed with requisite majority

Just In: Interglobe Aviation resolution passed with requisite majority

Just In: State Bank of India acquires 9.95% stake in IFSC for Rs 34.03 cr

Just In: State Bank of India acquires 9.95% stake in IFSC for Rs 34.03 cr

China’s troubled ride-hailing giant Didi reports $4.7 bn Q3 loss

Chinese ride-hailing giant Didi Global on Thursday reported a $4.7 billion loss in the third quarter, as its revenues plummeted because of a regulatory crackdown by Beijing. The troubles for the firm — once called China’s Uber — began after it listed in New York in June, seemingly against the wishes of Beijing. China then shocked investors by launching cybersecurity investigations into the company. Didi was removed from app stores, and its stock has since fallen almost two-thirds in value. The firm announced this month it would delist from the New York Stock Exchange and prepare to shift to Hong Kong.

2021 has been a year of recovery, rehabilitation, and establishing a base for future growth. 2022 will be a little more volatile but will still be very good for equity investors in India. 2022 is very likely to be another year of good double-digit returns and continued wealth creation. Autos, Banks, and Capital goods, literally the A B C of equity markets, will be the most interesting sectors for 2022.

– Naveen Kulkarni, Chief Investment Officer, Axis Securities

On a monthly expiry day, the markets had a rollercoaster ride. The start was weak amid a muted show of global peers due to concerns about the Omicron spread. During the day, the Nifty made several attempts to inch upwards but failed to sustain on the higher side. Further, selling pressure in metals, PSU banks, and oil & gas impacted sentiments. Volatility and choppiness are likely to remain high in the coming session, so we maintain a cautious stance. Revival in the banking pack will be crucial for the markets. Meanwhile, global cues and upcoming domestic auto sales numbers will be on the radar. Traders are expected to keep low leverage and hedged positions.”

– Ajit Mishra, VP-Research, Religare Broking

“It has been a volatile month for Nifty. Currently, it looks like the index is going to end 1-1.5% up for December. FIIs have sold equities worth almost $2.7 billion in December. This is the 3rd consecutive month wherein FIIs would be the net sellers. Overall, FIIs continue to be the net sellers for the entire year 2021. The technical level to watch out for Nifty would be 17,600. A break of 17,600 will ensure a fresh rally, and a break of 16,800 will ensure selling in the market. As of now, Nifty looks to be in a range of 16800-17600. Two things to watch out for — the Omicron spread and how the Fed policy panes out. From the expiry perspective, the fair roles should be around 34-35 bps this month.”

– Rahul Gupta, AVP-Derivative Sales, Institutional Equity, Emkay Global Financial Services

Gold declines Rs 98; Silver tumbles Rs 699

Gold prices declined by Rs 98 to Rs 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,786 per 10 gram. Silver also tumbled Rs 699 to Rs 60,024 per kg from Rs 60,723 per kg in the previous trade.

Gold declines Rs 98; Silver tumbles Rs 699

Volatility gauge India VIX climbs 1.99% to 16.56

Volatility gauge India VIX climbs 1.99% to 16.56

“Domestic bourses witnessed a choppy session lifted by gains in IT and healthcare stocks on the day of the monthly F&O expiry. Globally, markets were mixed as investors are weighing the consequences of a third wave amid surging inflation worldwide. Banking stocks, especially PSUs, were under pressure as RBI’s financial stability report suggested a surge in bad loans with NPA’s rising from 6.9% in September 2021 to 8.1% in September 2022 under the base case scenario.”

– Vinod Nair, Head of Research at Geojit Financial Services

Rupee jumps 29 paise to close at 74.42 (provisional) against US dollar

Rupee jumps 29 paise to close at 74.42 (provisional) against US dollar

Market Statistics

Market Statistics

Nifty Metal index falls 1%; Hind Copper down 2.62%, Vedanta, Jindal Steel down 1.8% each

Nifty Metal index falls 1%; Hind Copper down 2.62%, Vedanta, Jindal Steel down 1.8% each

Nifty IT biggest sectoral gainer, up over 1%

Nifty IT biggest sectoral gainer, up over 1%

Nifty absolutely flat; holding above 17,200

Nifty absolutely flat; holding above 17,200

Midcap losers

Price as on 30 Dec, 2021 03:40 PM, Click on company names for their live prices.

Heatmap: Top Sensex gainers & losers

Heatmap: Top Sensex gainers & losers

CLOSING BELL: Sensex gyrates 431 pts, settles flat; Nifty ends December F&O series at 17,204; RBL plunges 9%, Adani Green 6%

CLOSING BELL: Sensex gyrates 431 pts, settles flat; Nifty ends December F&O series at 17,204; RBL plunges 9%, Adani Green 6%

Auto stocks under pressure

Price as on 30 Dec, 2021 03:21 PM, Click on company names for their live prices.

Top gainers and losers at this hour

Price as on 30 Dec, 2021 03:14 PM, Click on company names for their live prices.

Most active stocks in afternoon session

Price as on 30 Dec, 2021 03:08 PM, Click on company names for their live prices.

DWARIKESH SUGAR: ICRA has reaffirmed its long term rating for the bank facilities amounting to Rs 1100 crore at ICRA A+ (Positive)

Price as on 30 Dec, 2021 02:51 PM, Click on company names for their live prices.

Stocks at 52-week high

Price as on 30 Dec, 2021 02:36 PM, Click on company names for their live prices.

Fresh buying in Supriya Lifescience; stock now up 11%

Fresh buying in Supriya Lifescience; stock now up 11%

State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official.

Price as on 30 Dec, 2021 01:57 PM, Click on company names for their live prices.

UK’s FTSE 100 inches down as COVID fears dull Christmas cheer

UK shares edged lower on Thursday, after hitting 22-month highs in the previous session, as a surge of COVID-19 cases offset optimism around a “Santa Claus rally” in thin year-end trading. The FTSE 100 fell 0.2% by 0807 GMT, with declines in financial and energy stocks weighing on the blue-chip index, while the domestically focussed mid-cap index was flat.

Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy.

Price as on 30 Dec, 2021 01:53 PM, Click on company names for their live prices.

ITC partners with Invest India to crowdsource innovative ideas for single-use plastic substitution

Price as on 30 Dec, 2021 01:12 PM, Click on company names for their live prices.

What to expect from Dec expiry (Source: MOSL)

Nifty index opened flattish and consolidated in a range throughout the day. It respected its previous day’s lows but could not hold above 17250 zones and closed near its opening levels. It formed a Doji sort of candle on daily scale and has been forming higher highs – higher lows from the last two sessions. Now it has to hold above 17200 zones, for an up move towards 17300 and 17350 zones whereas support shifts higher to 17150 and 17100 zones.

Expiry day point of view : Now it has to hold above 17200…



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