Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended today’s session in red, after opening strong, with Nifty settling at 18,157. The BSE Sensex closed 150 points, or 0.25 per cent lower at 61,033. NSE Nifty 50 ended 46 points lower. Adani Ports, Coal India, ITC, Hero Motocorp, and Dr Reddy were the top Nifty gainers, while Shree Cement, Grasim Industries, Divi’s Lab, Powergrid, and Hindalco were the top losers. Sectorally, Nifty Pharma and Nifty Realty dragged the index the most, falling more than 1 per cent. Nifty Metal fell just shy away from a per cent. Nifty Bank, Nifty FMCG, and Nifty PSU Banks gained the most and ended in green. Broader markets, too, ended the day in red.
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ITC, Dr Reddy, Kotak Mahindra Bank, HCL Technologies, IndusInd Bank, State Bank of India, and Infosys were the top Sensex gainers. Powergrid, Tech Mahindra, Sun Pharmaceuticals, Bajaj Finserv, NTPC, and ICICI Bank were the laggards for today's session.
Adani Ports, Coal India, ITC, Hero Motocorp, and Dr Reddy were the top Nifty gainers, while Shree Cement, Grasim Industries, Divi's Lab, Powergrid, and Hindalco were the top losers.
The S&P BSE index ended 151.6 points, or 0.25 per cent lower at 61,033, primarily dragged by Powergrid, Tech Mahindra, Sun Pharmaceuticals, and Bajaj Finserv. NSE Nifty dipped almost 50 points to settle at 18,157.
Bank Nifty heads strong jumping just shy of 160 points at 41,848 level, ahead of market closing.
Nifty further dropped almost 50 points at 18,154 ahead of the closing bell. BSE Sensex dropped more than 150 points at 61,029.
State Bank of India, Reliance, NTPC, ICICI Bank, Tech Mahindra, Tata Consultancy Services, among the volume toppers on the BSE Sensex for today.
Archean Chemical IPO Launches Today: Archean Chemical Industries’ Rs 1462-crore IPO opened for subscription on Wednesday. The company has fixed price band in a range of Rs 387-407 per share. Investors who wish to subscribe can make a bid for a minimum of 36 equity shares and then in multiples thereof. The public issue will close for subscription on Friday, 11 November 2022. Read full story
Bikaji Foods International’s Rs 881-crore IPO, which got subscribed 26.67 times, is likely to finalize the basis of allotment on 11 November. The initiation of refunds or unblocking of funds from ASBA account will take place on Friday, and the equity shares will get credited to allottees demat account on 14 November, according to the red herring documents. Bikaji Foods International shares are likely to debut on stock exchanges on 16 November. Read full story
Godrej Properties reported net profit of Rs 55 crore in Q2FY23, against Rs 35.6 crore the previous year, registering a jump of 54.5 per cent. Revenue up by 27.6 per cent on-year at Rs 165 crore. EBITDA loss at Rs 67.54 crore.
Gold rate and silver rate were trading in red in India on Wednesday on the back of flat trends in the international market. On Multi Commodity Exchange, gold December futures were ruling Rs 164 or 0.32 per cent down at Rs 51,466 per 10 grams. Read full story
Nifty IT and Nifty Auto were down 0.22 and 0.17 per cent, dragging the index.
The rupee appreciated 50 paise to 81.42 against US dollar in early morning trade on Wednesday amid broad dollar weakness.
Indian equity markets lost all early trading gains and dipped in red. Nifty Metal and Nifty Pharma dragged the index down. Broader markets reflected volatility with Nifty Smallcap 50 losing the most.
State-owned Coal India share prices surged by 3.5 per cent following the September quarter results reporting two-fold increase in consolidated net profits. Adani ports surged the maximum, up by 3.81 per cent.
After starting strong at the opening bell, Nifty and Sensex traded flat at about 10:30AM, giving up the gains.
Coal India on Monday reported a 106 per cent on-year growth in net profit. The state-owned enterprise's consolidated net profit came in at Rs 6,043.55 crore in Q2FY23, as compared to Rs 2,936.91 crore in the same period previous year.
Coal India, Adani Ports, Britannia, Cipla, and IndusInd Bank were among the major gainers, while Hindalco, Divi's Lab, Powergrid, Titan, and NTPC were among the laggards on the National Stock Exchange.
Tata Motors, Lupin, Pidilite, 3M India, Godrej Properties, The Ramco Cements, Engineers India, Borosil Renewables, are among the companies scheduled to announce their results today.
“I am bullish on India relative to any other market for the foreseeable future. India stands to gain 100% from this global meltdown. Now, there is a cumulative pent-up demand from a billion consumers. That is now coming into play. And, at the same, by some fortunate confluence of events, China has become a pariah in the global arena, which is playing a big part in the feel-good part about India.” – Shankar Sharma, Joint Managing Director, First Global. Read full story
Sectorally, Nifty Bank and Nifty Auto are driving the growth, while Metal and Pharma are lagging at the opening bell.
Sensex, Nifty opened in green aligned with the D-St expectations and global cues. Nifty started above 18,200, while BSE Sensex opened more than 100 points higher.
The National Stock Exchange (NSE) is planning to get out of businesses that are not part of its core operations as a stock exchange and regulator. While NSE declined to comment, sources close to the development said that NSE has already identified a few companies and sent a proposal to its board for approval to sell these companies in a phased manner. Read full story
The quantum of FII selling in Index Futures has reduced as they maintain a net long positioning in Index Futures segment. Longs: Britannia, Adani Enterprises, and Bharat Petroleum Corporation. Shorts: Divi's Lab, Asian Paints, and Titan. – Rahul Sharma, Director, JM Financial Services
Expect a good gap up today due to two days of positive performance in US markets. Immediate resistance coming up at 18,350 – book some profits. A close above this should propel us to new all time highs. – Rahul Sharma, Director, JM Financial Services
Nifty futures were trading 48 points higher on the Singapore Exchange, signaling that the Dalal Street was headed for a start in green.