Share Market HIGHLIGHTS: Sensex ends flat with positive bias, Nifty above 18100; Power Grid, ITC top gainers

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Updated: November 15, 2021 4:24:50 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Benchmark indices moved between gains and losses on Monday before closing the day flat with positive bias. Broader markets outperformed.

Share Market Today, Share Market LivIndia VIX ended in green on Monday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic benchmark indices closed Monday’s trading session in green after dancing between gains and losses. S&P BSE Sensex added 32 points or 0.05% to close at 60,718 while NSE Nifty 50 gained 6.7 points or 0.04% to end at 18,109. Bank Nifty closed 0.08% lower while midcap and smallcap indices outperformed benchmarks. Power Grid Corporation was the tip Sensex gainer, up 2.99%, followed by ITC, Asian Paints, and Nestle India. Tata Steel was the worst performing stock, falling 3.24%, followed by Mahindra & Mahindra, and Bajaj Auto. India VIX closed 1.64% higher.

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Highlights

    16:24 (IST)15 Nov 2021
    Sensex closes flat with positive bias, Nifty to face resistance at 18210 levels, support at 17978

    After witnessing a volatile trading session that saw Sensex, Nifty dance between gains and losses, headline indices closed the day flat with positive bias. S&P BSE Sensex jumped 32 points or 0.05% to close at 60,718 while NSE Nifty 50 gained 0.04% to end at 18,109. Power Grid Corporation was the tip Sensex gainer, up 2.99%, followed by ITC, Asian Paints, and Nestle India. Tata Steel was the worst performing stock, falling 3.24%, followed by Mahindra & Mahindra, and Bajaj Auto. India VIX closed 1.64% higher at 15.49 levels. Bank Nifty closed 0.08% lower while midcap and smallcap indices outperformed benchmarks. 

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    15:33 (IST)15 Nov 2021
    CLOSING BELL

    Benchmark indices moved between gains and losses on Monday before closing the day flat with positive bias. Broader markets outperformed. Bank Nifty ended in red.

    15:18 (IST)15 Nov 2021
    Gold price soar as investors gauge rising inflation; bullion rates may move sideways to up this week

    Commodity prices traded higher with most of the commodities in non-agro segment ended in green except crude oil. Bullion prices ended up on safe haven buying over spike in US inflation. Crude oil prices traded weak on profit booking and weaker demand outlook from OPEC. Base metals traded up on eased worries over power shortage in China and positive demand prospects from US.

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    15:09 (IST)15 Nov 2021
    India VIX in green

    India VIX, the volatility gauge, was up in the green ahead of the closing bell on Monday. The fear gauge was still below 16 levels.

    14:43 (IST)15 Nov 2021
    Will Rupee continue to gain or head to 75.50 against US Dollar? Key things to guide INR going ahead

    “Life is a juggling act with your own emotions. The trick is to always keep something in your hand and something in the air. The world cannot be governed without juggling.” The Rupee has also been stuck in the same time loop as it has been juggling between a strong dollar and hot inflows and trying to strike balance around them. The rupee made a turnaround from 75.70 to 73.85 levels moving from October to November. 

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    14:27 (IST)15 Nov 2021
    WPI inflation spikes to 12.54 pc in Oct; crude, manufactured items see price rise

    The wholesale price-based inflation spiked to 12.54 per cent in October, mainly due to rise in prices of manufactured products and crude petroleum. WPI inflation has remained in double digit for the seventh consecutive month beginning April. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.

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    14:08 (IST)15 Nov 2021
    Elon Musk offers to sell more Tesla shares after mocking US Senator Bernie Sanders on Twitter

    Elon Musk, the world’s richest person was seen taunting Bernie Sanders on Twitter over the weekend as the American politician asked for the wealthy to pay more in taxes. Elon Musk offered to sell more shares of Tesla in response to Bernie Sanders’ tweet where the United States Senator from Vermont was asking for the extremely wealthy to pay their fair share, a growing demand from the ruling Democrats. Elon Musk’s tweet comes days after the Tesla boss sold shares of his electric vehicle behemoth worth Rs $7 billion after taking an online poll on the same.

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    13:55 (IST)15 Nov 2021
    Broader markets outperform

    Broader markets were outperforming headline indices on Monday. Nifty Smallcap 50 was up 0.25% while Nifty midcap 50 jumped 0.19% while Nifty 50 was trading flat with positive bias.

    12:52 (IST)15 Nov 2021
    Buy Titan ~ Edelweiss

    Titan has assiduously positioned itself in the premium designer jewellery space. We believe, the company has the ability to create significant value with its large distribution presence, strong brand, designing skills and proven execution track record.

    Titan has proved its mettle time and again by emerging strong and successful against various regulatory hurdles that have emerged over the past one year. With robust balance sheet, strong brand equity and professional management team in place we remain bullish on Titan.

    Target price - Rs 2,820 per share

    ~ Edelweiss Wealth Research

    12:23 (IST)15 Nov 2021
    Create longs with the stop loss of 18000

    Short covering in the Nifty futures, Short covering in the Bank Nifty Futures, Put writing at 18000 levels and Long build up by FII’s in Index and Stock Futures segment Indicates that Indicates that one should be optimistic for the markets.

    Therefore, our advise is to create longs with the stop loss of 18000 levels. On the higher side 18300-18400 levels will act as a strong resistance.

    In the Bank Nifty, our advice is to go long with the strict stop loss of 38100 levels. On the higher side 39100-39500 level may act as resistance going forward.

    ~ HDFC Securities

    12:00 (IST)15 Nov 2021
    Book profits now, CLSA warns Dalal Street investors as valuations, RBI rate hike take center stage

    After a stellar 20-month rally, analysts at global brokerage and research firm CLSA believe, Indian equities are now on ‘borrowed time’ while advising investors to book profits. Sensex and Nifty have skyrocketed 120% and 124% respectively, since the beginning of April 2020, setting multiple all-time highs along with way. However, expensive valuations, elevated input price, and probability of earnings disappointment are now seen as reasons that limit any further upside. CLSA joins the likes of Nomura, UBS, and Morgan Stanley in cutting India’s weightage citing expensive valuations.

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    11:53 (IST)15 Nov 2021
    Sensex, Nifty trade flat

    Sensex was down from highs, trading flat on Monday morning. Nifty was just above 18,100. Bank Nifty was in the red.

    11:32 (IST)15 Nov 2021
    Sigachi Industries shares make bumper stock market debut; list at Rs 575, rally 253% from IPO price

    Sigachi Industries shares made a bumper listing on the stock exchanges today. Shares of Sigachi Industries soared 253 per cent to Rs 575 apiece on BSE, against the issue price of Rs 163 per share. After a few minutes into trade, the shares rose to a new high of Rs 603.75 apiece, a rally of 270 per cent from IPO price. Analysts say that on the back of robust fundamentals and attractive valuations, Sigachi Industries made a stellar debut. The company is the leading manufacturer of MCC (cellulose-based excipient) in India with diversified industry verticals. 

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    11:02 (IST)15 Nov 2021
    Top Sensex gainers

    Powergrid, Asian Paints, ITC, and Sun Pharma were the top gainers on Sensex on Monday morning. 

    10:43 (IST)15 Nov 2021
    Nifty remains positive

    "Nifty remains positive above 18,060 for target at 18,350 and advise to buy any intra-day dips with stop loss of 17,940. Bank Nifty needs to spend more time or cross 39,000 for any further strength to emerge," said Rahul Sharma, Director & Head - Research, JM Financial.

    10:35 (IST)15 Nov 2021
    Gold Price Today, 15 Nov 2021: Gold may fall to Rs 49100, silver to Rs 66500 in intraday on weak global cues

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading weak in India on Monday, as yellow metal eased globally on a firm dollar. On Multi Commodity Exchange, gold December futures fell Rs 135 or 0.27 per cent to Rs 49,179 per 10 gram, as against the previous close of Rs 49,314. Silver December futures were ruling at Rs 66,534 per kg, tumbling Rs 610 or 0.91 per cent. 

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    10:05 (IST)15 Nov 2021
    Sigachi Industries' stellar debut

    Sigachi Industries made a bumper listing on the stock exchanges on Monday, soaring 270% on debut. The stock was trading at Rs 630 per share, up Rs 400 per share or 270% from the IPO price.

    09:55 (IST)15 Nov 2021
    Earnings partly justify market rally

    "Partly justifying the market rally, corporate earnings have grown by 46 % YoY in Q2. The surge in earnings has been led by financials, metals & mining and oil & gas. But, even discounting this impressive performance by India Inc, the market is over-valued and, therefore, corrections are due. Q3 is likely to be subdued compared to Q2. Headwinds from rising CPI inflation ( 4.48% in October) and a decline in IIP to 3.1% in September are likely to impact earnings in many segments in Q3 and Q4. The global headwind for markets is likely to come from a sooner-than-expected rate hike by the Fed by, say, mid-2022 contrary to market expectation of a rate lift-off starting early 2023," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    09:38 (IST)15 Nov 2021
    Charts show Nifty to retest 18600 by Dec-end, Bank Nifty to trade in 38200-40000 range; Reliance, SBI top bets

    This week, we expect the Nifty 50 index to consolidate in the 18200-17700 range which would offer incremental buying opportunities as the index approaches price/time wise maturity of correction. Hence, dips should be capitalised on to accumulate quality stocks

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    09:27 (IST)15 Nov 2021
    Investors face technical issues with NSE

    Investors tracking NSE website were unable to get updates on Monday morning as the exchange website showed 'No Records' after opening bell. 

    09:20 (IST)15 Nov 2021
    Nykaa shares slip

    Newly listed fashion e-commerce giant Nykaa's share price fell 6% on Monday, days after the stock made its Dalal Street debut.

    09:18 (IST)15 Nov 2021
    OPENING BELL

    Benchmark indices began trading with gains on Monday morning. Broader markets mirrored the up-move. India VIX was down in the red.

    09:12 (IST)15 Nov 2021
    Nifty to trade in 17800-18400 range, Bank Nifty remains in uptrend; RIL, TCS among top money-making ideas

    On the weekly chart, the index has formed a small Bullish candle carrying lower shadow indicating buying support at lower levels. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 18100 level it would witness buying which would lead the index towards 18300-18500 levels. However, if the index breaks below 17800 level it would witness selling which would take the index towards 17600-17400. Nifty is now well placed above its 50-Day SMA (17795) indicating positive bias in the short term.

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    09:06 (IST)15 Nov 2021
    Nifty above 18100

    Nifty trimmed pre-open losses and regained 18100. Sesex was up 100 points.

    09:01 (IST)15 Nov 2021
    Pre-open

    Sensex gains in pre-open session while Nifty 50 was down in the red. Sesex was just shy of 61,000 mark, up 150 points while Nifty 50 was just above 17,900, down 170 points.

    08:52 (IST)15 Nov 2021
    Trading spot band between 18150 and 17880

    From an options perspective, significant Put addition was observed at 18000 Put strike for the coming weekly settlement. A move below these levels may trigger another round of downside in the coming week. However, if the Nifty sustains above 18100, it may continue its positive trend towards 18400 in the coming sessions. For the coming session, the trading spot band is between 18150 and 17880, which means further upsides are likely once the immediate resistances of 18150 are taken out and weakness could emerge if the supports of 17880 are broken.

    ~ Raushan Kumar, Derivative Analyst, IIFL Securities

    08:48 (IST)15 Nov 2021
    Buy these two shares for gains; Nifty 50 resistance at 18300, support placed at 17800

    Benchmark index continues to trade in a higher high higher low formation and has taken a support near its lower band of the channel pattern on the weekly time frame. On Friday prices witnessed a sharp reversal from its lower band of the flag pattern on the daily interval and closed above its 21-day exponential moving average. Overall, it was a very volatile week where prices swing both the ways with a tilt of bearishness but finally index closed one percent higher on the weekly chart due to a strong recovery on the Friday’s session.

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    08:48 (IST)15 Nov 2021
    Nykaa, Future Retail, ONGC, Zomato, Vodafone Idea, Policybazaar, Sigachi, SJS Ent stocks in focus

    Advance Syntex, Binani Industries, Containerway International, East India Securities, Esaar (India), GCCL Construction, Gold Line International, GV Films, Hemadri Cements, Integra Capital Management, Jai Balaji Industries, Kotia Enterprises, KSS, MSP Steel & Power, Newtime Infrastructure, Parle Industries, PB Films, PG Foils, Rajesh Exports, Ravi Kumar Distilleries, Rollatainers, Samtel India, Silver Oak (India), Tinplate Company of India, and Simmonds Marshall among 83 companies that will release September quarter earnings on November 15.

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    08:47 (IST)15 Nov 2021
    SGX Nifty up, Policybazaar, Sigachi, SJS shares listing, among key things to watch before market opens

    BSE Sensex and Nifty 50 are likely to start in the positive territory on Monday, as suggested by trends on SGX Nifty in early trade. Global trends will guide the stock markets in this holiday-shortened week. Investors will eye foreign fund inflow, WPI data, oil prices, rupee movement against US dollar, among other key factors. Technical analysts say that 18200-18350 will be a crucial range for Nifty this week. Moreover, a bearish formation of ‘Head and Shoulder’ seems to in process on the daily chart of Nifty.

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    08:37 (IST)15 Nov 2021
    Nifty to open around 18180

    "Nifty is expected to open around 18180, up by 80 points. Nifty has resistance in 18200 and 18250 range and support in 18050 and 17950 range. Traders can consider buy on dips with strict stoploss loss," said Gaurav Udani, CEO & Founder, ThincRedBlu Securities. 

    08:30 (IST)15 Nov 2021
    Petrol and diesel price November 15: Rates unchanged for 11th day straight; Check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of petrol and diesel have been left unchanged for the 12th day straight on Monday by Oil Marketing Companies. Last reduction in fuel price came on Diwali as center and state governments decided to cut taxes. Petrol in the national capital today costs Rs 103.97 per litre, while diesel in the capital city was retailing at Rs 86.67 per litre. Rates were reduced as center government cut excise duty on fuel and state governments trimmed VAT. 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. 

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    08:23 (IST)15 Nov 2021
    Tarsons Products Limited raises Rs 305.96 crore from 32 anchor investors

    Tarsons Products Limited allocates 4,621,757 equity shares at the upper price band of Rs 662 per equity share to anchor investors ahead of the IPO. The company said that its Anchor book was subscribed more than 10 times. The IPO saw strong interest from domestic mutual funds. Marquee international funds also invested in the company. 

    07:56 (IST)15 Nov 2021
    Nifty may move higher

    "Nifty should hold above 18,100 to inch towards 18,350+ zone while the support has now shifted to 17,800-17,600 zone. Among the sectoral indices, IT, Infra, and realty look stable to us while banking, metal, and pharma may continue to trade subdued. Participants should plan their positions accordingly and prefer a hedged approach," said Ajit Mishra, VP Research, Religare Broking.

    07:55 (IST)15 Nov 2021
    FPIs remain net sellers in November at Rs 949 crore

    Foreign portfolio investors (FPIs) were net sellers in the Indian markets to the tune of Rs 949 crore in the first half of November. As per the depositories data, they pulled out Rs 4,694 crore from equities between November 1-12.

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    07:54 (IST)15 Nov 2021
    IPO investors to remain busy

    IPO investors are up for a busy week as two public issues open for investors. Tarsons Products and Go Fashion's IPOs go live this week. Menawhile, share allotment of Paytm is also likely to be finalised. 

    07:53 (IST)15 Nov 2021
    SGX Nifty in green

    SGX Nifty was up in the green on Monday morning, hinting at a positive start to the day's trade. Global cues were also positive as Asian shares inched higher.

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