Domestic equity benchmarks opened in red on Thursday amid negative sentiment in global markets. The BSE Sensex fell 296.34 points or 0.49% to 60,613.94 and NSE Nifty 50 dropped 83 points or 0.46% to 18,039.50. The top gainers of the Sensex were Sun Pharma, Bharti Airtel and State Bank of India while Hindustan Unilever, Bajaj Finserv, Kotak Bank, Bajaj Finance and Maruti were the top losers.
SBI, KFintech shares in focus today
State Bank of India (SBI) shares rose marginally 0.13% to Rs 602 on Thursday after the bank said in a regulatory filing that it will have a board meeting next week to consider taking “approval for raising of Infrastructure Bonds up to an amount of Rs 10,000 crore through a public issue or private placement during FY23.” On the other hand, KFintech shares are going to debut on the stock exchanges today and were oversubscribed 2.59 times prior to its listing. The issue raised Rs 1,500 crore through a complete offer for sale by one of the promoters, General Atlantic Singapore Fund, which will receive all the issue proceeds.
Sectoral Indices
In the sectoral indices, Nifty Bank was down 0.62%, Nifty FMCG was down 0.63%, Nifty IT was down 0.32%, Nifty PSU Bank was down 0.60% while Nifty Pharma was up 0.78%. The volatility index India VIX was up 1.12%.
Asian and US stock markets
In other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were all trading in the red. On Wednesday, the US stock market ended lower.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 872.59 crore while domestic institutional investors (DII) purchased shares worth a net Rs 372.87 crore on Wednesday, December 28, 2022, according to the data available on NSE.
NSE F&O Ban
Balrampur Chini Mills and Indiabulls Housing Finance are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Thursday, December 29, 2022.