Share Market Highlights: Sensex ends at 55,582, Nifty closes at 16,563; Tata Steel, Bajaj Finance top gainers

By: |
Updated: August 16, 2021 4:11:50 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices scaled fresh all-time highs on Monday and closed at their highest ever. Broader markets end mixed.

Share Market Today, Share Market LiveIndia VIX closed in green. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets danced between gains and losses during the initial hour of trade but later scaled fresh all-time highs and closed in the green. S&P BSE Sensex reached 55,680 but closed lower at 55,582, gaining 0.26%. NSE Nifty 50 touched a record high of 16,589 but closed at 16,563, up 0.21%. Bank Nifty closed with losses, just shy of 36,100 mark. Broader markets ended mixed with midcap and smallcap indices closing with losses. India VIX ended 3.59% higher. Tata Steel jumped 3.96% to close as the top Sensex gainer, followed by Bajaj Finance, M&M, Bajaj Finserv, Reliance Industries, and HDFC. Maruti Suzuki India was down 2.43% as the worst-performing Sensex constituent followed by Bajaj Auto, Power Grid, Ultratech Cement, and State Bank of India

Read More

Live Blog

Highlights

    16:09 (IST)16 Aug 2021
    Sensex, Nifty scale fresh all-time highs; how long can bulls continue climbing higher?

    Bulls continue to remain in control on Dalal Street as benchmark indices rebounded from initial weakness to scale fresh all-time highs on Monday. S&P BSE Sensex reached 55,680 but closed lower at 55,582, gaining 0.26%. NSE Nifty 50 touched a record high of 16,589 but closed at 16,563, up 0.21%. Bank Nifty closed with losses, just shy of 36,100 mark. Tata Steel surged 3.96% to end as the top Sensex gainer, followed by Bajaj Finance, M&M, Bajaj Finserv, Reliance Industries, and HDFC. Maruti Suzuki India fell 2.43% to close as the worst-performing Sensex constituent followed by Bajaj Auto, Power Grid, Ultratech Cement, and State Bank of India. Broader markets ended mixed with midcap and smallcap indices closing with losses. India VIX ended 3.59% higher. 

    Read full story

    15:41 (IST)16 Aug 2021
    Nifty's next target is 16,900

    Technically, Bullish momentum is continued in Nifty where 16650 is an immediate target while 16900 is the next target level. On the downside, 16500-116450 is an immediate demand zone whereas 16350 will be critical support at any correction. Bank Nifty is still consolidating in the 35800-36200 zone while 36500 is the next critical hurdle; above this, we can expect a rally towards the 37200-37700 zone. On the downside, 35500 will be immediate support while 35200-35000 will be critical support zone. Santosh Meena, Equity Research Head, Swastika Investmart

    15:34 (IST)16 Aug 2021
    CarTrade Tech IPO share allotment: Check status online, grey market premium weak; listing on Aug 23

    CarTrade Tech, whose IPO got 20.29 times subscription, will finalise share allotment on Tuesday, 17 August 2021. CarTrade Tech shares are likely to make their stock market debut next week on Monday. In the primary market, CarTrade Tech shares were quoting at a premium of Rs 180 per share over the IPO price of Rs 1,618. CarTrade Tech shares were seen trading at Rs 1,798 apiece, an 11 per cent premium in the grey market, over the issue price. 

    Read full story

    15:33 (IST)16 Aug 2021
    CLOSING BELL

    Domestic benchmark indices scaled fresh all-time highs on Monday and closed at their highest ever. Broader markets end mixed. Bank Nifty managed to hold above 36,000.

    15:13 (IST)16 Aug 2021
    Laggards on Sensex

    Maruti Suzuki India and Power Grid were the worst performing Sensex stocks on Monday, falling more than 2% each. These were followed by Bajaj Auto, Ultratech Cement, and State Bank of India. 

    15:09 (IST)16 Aug 2021
    Debutant tracker

    Devyani Internation is trading 38% above the IPO price at Rs 124 per share. The stock is, however, down 11.63% from its listing price of Rs 141 apiece.

    Windlas Biotech is down 10.87% from the IPO price, now trading at Rs 410 per share. The stock began trading on Monday morning at Rs 439 per share.

    Krsnaa Diagnostics shares were trading at Rs 999.35 apiece, up 4.75% from the IPO price. However, the share price has slid from its listing price of Rs 1,025 per share.

    Exxaro Tiles has added to gains and is trading at Rs 132.3 per share, up 10% from the IPO price. Exxaro Tiles' shares began trading today morning at Rs 126 apiece and have added 5% to the listing price.  

    14:59 (IST)16 Aug 2021
    Top Sensex gainers

    Tata Steel soared 4.8% on Monday to trade as the top Sensex gainer, followed by Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, and Reliance Industries.

    14:57 (IST)16 Aug 2021
    WPI inflation expected to ease to single digit by end of FY22

    “WPI inflation for the month of July has eased MoM to 11.16%. It is on expected lines as the supply side issues are getting addressed due to ease in lockdown. The ease in WPI is in tandem with the falling CPI. Falling inflation is in line with the guidance provided by the central bank and this complements RBI's monetary policy stand. High inflation is transient and expected to ease further as progress with a good monsoon year. The rise in the number of total vaccination is expected to normalize the overall situation, unlocking for normal business activities. The WPI inflation is expected to ease to a single digit by the end of FY22 with CPI well within the RBI mandated 2-6% band," said D.R.E Reddy, CEO and Managing Partner, CRCL LLP.

    14:49 (IST)16 Aug 2021
    EaseMyTrip profits jump six-fold in first quarter

    Newly listed EaseMyTrip reported a six-fold increase in profits despite second wave disruptions in the travel industry. The firm reported a profit of Rs 15.4 crore in Q1FY22 as against a net profit of Rs 2.5 crore in the corresponding quarter of the previous fiscal. Train, bus and other segment bookings reached 80% volumes of the previous financial year in first quarter of this fiscal year itself.

    14:47 (IST)16 Aug 2021
    Broader markets trade mixed

    Broader markets were trading mixed in the dying hour of trade on Monday. Nifty 100, Nifty 200, and Nifty 500 were up with gains while the smallcap and midcap indices were down in the red. 

    14:38 (IST)16 Aug 2021
    PE/VC investments touch all-time high of USD 9.5 bn in July: Report

    Investments by private equity and venture capital funds doubled to a record high of USD 9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at USD 4.1 billion in the year-ago period.

    Read full story

    14:26 (IST)16 Aug 2021
    If Nifty remain above support of 16,350, it may head to 16,750

    Indian benchmark had a cautious start today with slight negativity in the market around the level of 16500 as there is no major changes in the market. Traders and investors remained cautious as according to a private report India is unlikely to become the 5 trillion economy by 2025 due to the slow down caused by the covid 19 pandemic. Sentiments remain intact and poised towards positivity as the government focuses more on the infrastructure in the coming time which will help the economy reach new heights. Our research suggests that 16350 is an important support level in the short term, if the market sustains above this level, we can expect the market to remain positive and gain momentum, leading to an upside projection till 16700-16750 level. Gaurav Garg, Head of Research, CapitalVia Global Research

    14:21 (IST)16 Aug 2021
    Rakesh Jhunjhunwala’s favorite stock Lupin tanks 17% in 7 days; should you buy, sell or hold?

    Lupin share price fell nearly 2 per cent to Rs 958.70 apiece in intraday deals, following the April-June quarter earnings last week. Lupin shares have tumbled nearly 17 per cent in seven sessions, falling from Rs 1,150.90 on 6 August 2021. Lupin has witnessed a significant amount of correction in the last few trading sessions after the firm failed to meet the earnings expectations of the analysts.

    Read full story

    14:02 (IST)16 Aug 2021
    July WPI: Moderation continues

    The wholesale price index inflation continued to moderate in July, with WPI inflation slowing to 11.2% from the 25-year high of 12.9% in May. Sequential price gains in primary articles were small, and prices of some components, including pulses and non-food items, declined. The plateauing of global commodity prices also helped temper gains in domestic fuel prices. The moderation in WPI inflation is similar to slowdown seen in retail price inflation in July. Inflation is likely to hover in double digits again in August, although favourable base effects could lead to faster deceleration in subsequent months. We expect policymakers to remain wary of elevated price levels.

    Actual: 11.2% y/yBarclays: 10.9% y/yBloomberg consensus: 11.3% y/y

    ~ Barclays

    13:50 (IST)16 Aug 2021
    Mutual fund houses bet on IPOs; invest Rs 5,900 cr in Zomato, GR Infra, other public issues in July

    The IPO buzz on Dalal Street is not just attracting retail investors but institutions as well. Gung-ho on public issues in the month of July, the mutual fund industry invested Rs 5,900 crore in IPOs, data sourced by Edelweiss Alternative Research showed. Most of these funds were channelised towards the much-awaited IPO of food-tech unicorn Zomato. Equity inflows in the month of July came in at Rs 22,580 crore, up from Rs 5,988 crore in the month of June. “With such strong inflows into equity schemes, funds deployed Rs 19,700 crore in Secondary Markets; highest for 2021,” Edelweiss said in the report.

    Read full story

    13:19 (IST)16 Aug 2021
    Buy Reliance Industries ~ ICICI Direct

    Buy Reliance Industries between Rs 2130 and Rs 2136 per share, with a target of Rs 2153.60 - Rs 2174 and a stop loss placed at Rs 2112.40 per share. Duration - Intraday. 

    Rationale: Short term trend line breakout and MACD in buy mode.

    ~ ICICI Direct

    12:45 (IST)16 Aug 2021
    Bearing below 16,300

    The solid gains that followed the clean break of 16350 on Thursday, failed to shake off negative divergences that are very visible in the 60m and 240m charts. We are of the opinion that such negative divergences usually co-exist with trending markets for longer periods before vulnerability set in. Favoured view expects bulls to regroup once near 16455 and push higher, but gains are likely to be limited today. We have marked 16455-397 as a zone of indecision but will wait for break below 16300 to turn all bearish.

    ~ Geojit Financial Services

    12:43 (IST)16 Aug 2021
    Reliance Industries share price soars

    Mukesh Ambani's Reliance Industries' share price jumped 2% on Monday morning to trade at Rs 2,188 per share. The up-move came after Bloomberg reported that Saudi Aramco is in advance talks to pick up a stake in Reliance Industries oil refining and chemical business for about $20 billion to $25 billion.

    Check Live Price: Reliance Industries

    12:34 (IST)16 Aug 2021
    Midcap, smallcap sell-off hitting IPO listings

    “Today four IPOs got listed - Devyani, Krsnaa, Windlas and Exxaro of which Devyani listed with stellar 56% premium while Krsnaa and Exxaro listed with tepid 7%/5% premium and Windlas at a discount. Currently, midcaps and smallcaps are facing selling pressure and thus IPOs with not so good track record and weak financials are getting lukewarm response. Krsnaa Diagnostics is one of the leading B2B diagnostic player, providing services to public and private hospitals, medical colleges and community health centres Pan-India. It has a differentiated business model with leadership in PPP diagnostic space. Given its strong brand equity and pan-India presence, the company has the ability to turn around its financials and become profitable over long term once operating leverage kicks in with the further scaling of business. Thus it’s a long term play in comparison to other listed players in the market which are into B2C space with much strong financials. Windlass Biotech on the other hand, is amongst the top five players in the domestic pharmaceutical formulations CDMOs in terms of revenue. The financial track record has been very weak, though the company is trying to revamp its business which is a long drawn process. Thus one can find much better options among the listed players," said Sneha Poddar, Research Analyst, Broking & Distribution, Motilal Oswal Financial Services.

    11:32 (IST)16 Aug 2021
    Rupee outlook: 5 reasons could trigger a breakout in Re from current consolidation against US Dollar

    For the USDINR pair, the journey so far has been like a roller coaster ride from 75.20 in April to 72.40 in May and again jump towards 74.90 post June Fed meeting. However, it has been on a silent mode since then and flirting in the range of 74.00-74.90 zone. Well, history always suggests that the longer the pair trades range-bound, the sharper and stronger is the breakout.

    Read full story

    11:32 (IST)16 Aug 2021
    Nifty support now at 16,400; Buy the dip

    "The Nifty has opened flat and is perhaps taking a bit of a breather after a stellar run last week. The support for the week has been upgraded to 16400 and hence any dip or intra day correction can be bought into for a target of 16600," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    11:05 (IST)16 Aug 2021
    Moody's assigns Ba3 (hyb) to HDFC Bank's proposed AT1 capital securities

    Moody's Investors Service has assigned a Ba3 (hyb) rating to HDFC Bank Limited's proposed USD-denominated, undated, non-cumulative and subordinated Additional Tier 1 (AT1) capital securities.

    RATINGS RATIONALE: The Ba3 (hyb) rating is three notches below HDFC Bank's baa3 Baseline Credit Assessment (BCA) and Adjusted BCA, reflecting the probability of impairment associated with non-cumulative coupon suspension, as well as the likelihood of high loss severity when the bank reaches the point of non-viability. The principal and any accrued but unpaid distributions on these capital securities would be written down, partially or in full, if HDFC Bank's common equity tier 1 (CET1) ratio is at or below 5.5% any time prior to 1 October 2021, and 6.125% from and including 1 October, 2021. In such a scenario, the write-down may be temporary, and the amount could be reinstated subject to the Reserve Bank of India's (RBI) conditions.

    ~ Moody's

    10:46 (IST)16 Aug 2021
    Gold prices rise, helped by weaker dollar; expect bullion prices to gain this week

    Commodity prices traded mixed with most of the commodities in the non-agro segment witnessed recovery from lower levels during the week. Bullion prices rebounded from recent lows supported by a weaker dollar. Crude oil and base metals reported firm trading range halting declines outweighing rising COVID cases worries.

    10:36 (IST)16 Aug 2021
    Latent View Analytics files draft papers with SEBI to raise Rs 600 cr via IPO

    Data analytics services provider Latent View Analytics has filed preliminary papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares worth Rs 474 crore, and an offer-for-sale of equity shares to the tune of Rs 126 crore by a promoter and existing shareholders, according to the draft red herring prospectus (DRHP).

    Read full story

    10:13 (IST)16 Aug 2021
    Nifty support now at 16,400; Buy the dip

    "The Nifty has opened flat and is perhaps taking a bit of a breather after a stellar run last week. The support for the week has been upgraded to 16400 and hence any dip or intraday correction can be bought into for a target of 16600," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    10:05 (IST)16 Aug 2021
    High quality large-caps in action

    "The current trend in the market is the comeback of high-quality large-caps like HDFC twins, RIL, Bharti, and Kotak Bank, while the mid-and small-caps are languishing. This has pushed up the Nifty by 4.9% so far this month while the small-cap index is down 3%. This is a desirable healthy development since the market is slowly removing the froth in the broader market space. Investors should stick to quality in this over-valued market. Quality always delivers in the long-term even if there can be short-term pains. Investors should be mindful of geopolitical developments like the unfolding tragedy in Afghanistan. Issues that may appear unconnected to markets can suddenly develop into a crisis with far-reaching consequences. Since institutions - both FIIs and DIIs - are not on-sell- mode and retail are buying on every dip, the market is likely to remain resilient," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

    10:04 (IST)16 Aug 2021
    Krsnaa Diagnostics shares list at 7.4% premium over IPO price

    Krsnaa Diagnostics shares made a tepid listing on the stock exchanges today, following muted market movement. Krsnaa Diagnostics’ shares began trading at Rs 1025 per share, up 7.33% from the IPO price of Rs 954 per share. The IPO of Krsnaa Diagnostics had received a strong response from investors, receiving 64.38 times subscription.On listing the company was commanding a market capitalization of Rs 3,218.26 crore.

    Read full story

    10:03 (IST)16 Aug 2021
    Windlas Biotech shares list at loss; debut trading at 4.6% discount to IPO price

    Windlas Biotech shares made a weak debut on the stock exchanges on Monday, 16 August 2021. Windlas Biotech shares began trading at Rs 439, down 4.6% from the IPO price of Rs 460 apiece. The initial public offer of Windlass Biotech, a manufacturer of pharmaceutical formulations, was subscribed 22.46 times.

    Read full story

    10:01 (IST)16 Aug 2021
    Exxaro Tiles shares list at 5% premium over IPO price

    Exxaro Tiles shares marked a muted listing on the bourses today amid flat market momentum. Exxaro Tiles stocks began trading at Rs 126 per share, 5% above the upper end of the IPO price of Rs 120 per share. Established in 2008 as a manufacturer of frit, one of the raw materials used in the manufacturing of tiles, Exxaro has over the years diversified, expanded and evolved as a manufacturer of vitrified tiles used majorly for flooring solutions. On its Dalal Street debut, Exxaro Tiles had a market capitalization of Rs 563 crore

    Read full story

    09:58 (IST)16 Aug 2021
    Devyani International shares make strong debut on D-Street; list at 56% premium to IPO price

    Devyani International shares listed on the stock exchanges today with a strong premium over the IPO prices while the overall market was trading with losses. Shares of the company began to trade at Rs 141 per share, up 56.67% from the upper end of the IPO price of Rs 90 per share. Devyani International, the largest operator of quick-service restaurants in India is the largest franchisee of Yum brands in India and operates brands KFC & Pizza Hut. Devyani International’s IPO was subscribed 116 times earlier this month with all category of investors oversubscribing their portion of the IPO. 

    Read full story

    09:20 (IST)16 Aug 2021
    Sensex, Nifty rebound

    Sensex and Nifty rebounded from the lows to trade with a positive bias, minuted into the day's trade. Nifty was nearing 16,550 while Sensex was just above 55,400.

    09:19 (IST)16 Aug 2021
    OPENING BELL

    Domestic equity markets began trading flat with negative bias on Monday morning. India VIX was up in green.

    09:16 (IST)16 Aug 2021
    BSE, NSE trading open today, settlement holiday today for Parsi New Year

    Stock exchange clearing houses mark settlement holiday today, 16 August 2021, on account of Parsi New Year. On settlement holiday, trading in equity markets takes place as usual, but clearing and settlement remain shut for Payin and Payout of stocks and funds. It may be noted that the trading holiday is different from the settlement holiday as in the case of the former, stock markets remain closed and no trading takes place

    Read full story

    09:10 (IST)16 Aug 2021
    Nifty gives up gains, Sensex flat

    Nifty slipped into the red at the end of the pre-open session on Monday but held above 16,500 levels. Sensex was at 55,479.

    09:03 (IST)16 Aug 2021
    Sensex, Nifty gain in pre-open

    Sensex and Nifty were surging higher during the pre-open session on Monday morning despite weak global cues.

    08:45 (IST)16 Aug 2021
    Petrol and diesel price today 16 August 2021: Rates unchanged for a month; check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices have not been revised by oil market companies for the last one month now. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since rates were first hiked more than 3 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

    Read full story

    08:39 (IST)16 Aug 2021
    More upside if Nifty holds above 16,400

    "Technically, Nifty formed a strong Bullish candle on daily and weekly time frame. It has given a range breakout and if it manages to hold above 16400 zones, we can expect the momentum to extend towards 16700 zones while on the downside support shifts higher to 16350- 16250 levels," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

    08:18 (IST)16 Aug 2021
    Devyani International, Windlas, Exxaro, Krsnaa listings, Coal India, Tata Steel, Vodafone Idea stocks in focus

    Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative start on the first day of the week, after hitting fresh lifetime highs in the previous session. In the absence of any major event in domestic markets, markets will take cues from global markets. Apart from the rupee-dollar trends and foreign institutional investors’ movements, Brent crude prices movement would also be watched by investors.

    Read full story

    08:13 (IST)16 Aug 2021
    Nifty may hit 16650 - 16700 target soon; charts suggest strong momentum in these two stocks

    Nifty 50 has consolidated in the narrow range of 16200 - 16350 for six trading sessions and has given a breakout on the higher side and closed near its lifetime high levels on August 13. On the weekly chart, prices have given a clean break out of a bullish pole flag pattern and prices were able to close above the upper band of the pattern.

    Read full story

    08:00 (IST)16 Aug 2021
    Restricted participation to continue

    "Markets are taking comfort from the upbeat global markets and supportive domestic cues amid the fear of a third COVID wave. However, we’re now seeing restricted participation and expect the same trend to continue, at least in the near future. We thus advise continuing with the “buy on dips” approach but focus largely on index majors and select midcaps for long trades. Among the sectors, participants should focus on banking(mainly private), financials, energy, FMCG and metal for fresh positions while pharma, media and realty may continue to trade lackluster," said Ajit Mishra, VP Research. Religare Broking.

    Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
    Next Stories
    1Hindalco Industries rating – Buy: Rally in aluminum prices boosts outlook
    2Asset Management Companies (AMCs): Strong possibility of EPS upgrades in FY22
    3Petrol, diesel prices may rise as international oil rates surge