Share Market Highlights: Sensex ends at 58664, Nifty closes at 17503; Paytm shares jump 9%, Airtel up 2%

By: |
Updated: November 23, 2021 3:44:28 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices recouped losses and turned green in the dying hours of trade on Tuesday. Broader markets outperformed.

Share Market Today, Share Market LiveIndia VIX closed with gains. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices snapped their losing streak on Tuesday as Dalal Street moved higher. S&P BSE Sensex jumped 198 points or 0.34% to end at 58,664 points while NSE Nifty 50 gained 86.80 points or 0.5% to settle at 17,503. Bank Nifty gained 0.4%. Broader markets outperformed with smallcap and midcap indices gaining around 2% each. India VIX jumped 2.85% to close at 18 levels. Power Grid was the top Sensex gainer, up 3.89%, followed by NTPC, Tata Steel, Bharti Airtel, and Sun Pharma. On the other hand, IndusInd Bank was the top laggard, down 2.59%, followed by Asian Paints, Infosys, Bajaj Auto, and Maruti Suzuki India.

Read More

Live Blog

Highlights

    15:35 (IST)23 Nov 2021
    CLOSING BELL

    Domestic benchmark indices recouped losses and turned green in the dying hours of trade on Tuesday. Broader markets outperformed. Bank Nifty ended 0.39% higher.

    15:24 (IST)23 Nov 2021
    Trimming gains

    Sensex was down from highs but still in the green, minutes ahead of the closing bell. Nifty was below 17500.

    15:20 (IST)23 Nov 2021
    Latent View Analytics shares price drops

    Latent View Analytics share price was down nearly 8% from the listing price as it heads towards it first closing bell. The scrip was still 148% above its IPO price after having listed at 169% premium. 

    15:10 (IST)23 Nov 2021
    India VIX regains 18 levels

    India VIX, the volatility gauge, soared past 18 levels on Tuesday. The index jumped as domestic benchmark indices slipped earlier in the day. 

    14:59 (IST)23 Nov 2021
    SpiceJet to induct 50 Max aircraft by December 2023

    SpiceJet plans to induct 50 ‘737 Max’ planes of Boeing in its fleet by December 2023, CMD of the low-cost airline, Ajay Singh, said on Tuesday. Two SpiceJet’s Max planes — out of the total 13 in its fleet — have started operating commercial flights since Sunday, he said at a press conference.

    Read full story

    14:48 (IST)23 Nov 2021
    17500 – 17650 considered as immediate hurdles

    "After 17250, the Nifty is likely to continue this weakness towards the psychological level of 17000; where one need to reassess the situation. On the flipside, 17500 – 17650 are now to be considered as immediate hurdles. Traders are advised to use in between recoveries to lighten up longs and don’t be in a hurry to make bottom fishing," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One.

    14:39 (IST)23 Nov 2021
    Paytm share price recoups losses

    Paytm share price was up 10.8% on Tuesday to recover losses suffered in the previous two sessions. Paytm was trading at Rs 1,507 per share.

    14:35 (IST)23 Nov 2021
    Broader markets outperform

    Broader markets were outperforming benchmark indices on Tuesday as Sensex and Nifty moved higher from intra-day lows.

    13:55 (IST)23 Nov 2021
    Sensex, Nifty soar

    Sensex and Nifty were trading with gains on Tuesday afternoon after recouping all losses suffered earlier in the day. 

    12:54 (IST)23 Nov 2021
    Rakesh Jhunjhunwala’s favourite stock downgraded by Ambit, 11% downward move expected

    Rakesh Jhunjhunwala’s favourite stock Titan Company has been downgraded by analysts at Ambit expecting revenue growth to moderate as pent-up demand starts to taper. “With near-term earnings already higher than consensus estimate (by 7-10%) and long-term estimates already building in 16% revenue CAGR over FY24-40E (implying 2x growth in jewellery market share from 4% to 12%), we see downside risk to current valuation of 77x/61x FY23/FY24 P/E,” Ambit said in a report. Titan share price has zoomed 54% this year to now trade at Rs 2,406 per share.

    Read full story

    11:53 (IST)23 Nov 2021
    Vodafone Idea confirms tariff hike

    After Bharti Airtel announced that it will hike the prices of mobile prepaid plans, today Vodafone Idea said it will follow suit and raise tariffs. Vodafone Idea said that the revised plans will come into effect from November 25 and will start the process of ARPU improvement. The telco has decided to raise tariffs by 20-25%, similar to Bharti Airtel. Under the revised price list the Rs 219 plan with 2GB daily data will cost customers Rs 269.

    11:35 (IST)23 Nov 2021

    Sensex and Nifty were seen trimming opening losses on Tuesday as the benchmark indices attempted a pullback. Sensex was above 58,400 levels while Nifty 50 turned positive above 17,440.

    11:14 (IST)23 Nov 2021
    Tesla, Apple, Amazon stocks enticing domestic investors: Virtually Borderless Investing from India | Webinar

    Indian investors are increasingly investing in US stocks, realising the opportunity in geographical diversification. The lure of investing in new-age technology companies such as Tesla, Netflix, Apple, and Amazon have acted as a catalyst in attracting investors during the last one year. Anupam Guha, Head – Private Wealth, ICICI Securities; Sandeep Bhardwaj, CEO Retail Broking, IIFL Securities; and Vinay Bharathwaj, Co-founder, Co-CEO, Stockal tell Shaleen Agrawal all about Virtually Borderless Investing. The panel explores not only why and how to invest overseas, but also discusses stocks or sectors to invest; tax implications of investing abroad; portfolio allocation; risk factors; returns expectations; exit options; and more.

    Read full story

    10:57 (IST)23 Nov 2021
    Nifty headed to 17000?

    "Having plunged into the 17350-17166 region on anticipated lines, a consolidation or a bounce-back is in order. A morning star candlestick pattern formed in the closing hours, add credence to such hopes. However, if such bounce backs are unable to push beyond 17500, or if a fall below 17314 evolves right away, we could be heading straight for 17000 today."

    ~ Geojit Financial Services 

    10:39 (IST)23 Nov 2021
    Midcap, Smallcap indices outperform

    Smallcap and midcap indices on NSE were outperforming benchmark Nifty 50 on Tuesday. While Nifty traded with losses, Midcap and Smallcap indices were up in the green. 

    10:31 (IST)23 Nov 2021
    Hold short with stop loss of 17500 levels

    Short build up in the Nifty futures, short builtup in the Bank Nifty Futures and Call writing at 17500-17600 levels Indicates that Indicates that one should be cautious for the markets. Therefore, our advice is to hold short with the stop loss of 17500 levels. On the lower side 17300-17200 levels will act as a strong support. In the Bank Nifty, our advice is to hold short position with the strict stop loss of 37800 levels. On the lower side 36700-36300 level may act as support going forward.

    ~ HDFC Securities

    09:57 (IST)23 Nov 2021
    17200 crucial levels for Nifty

    "The Nifty once again approached the 17200 level and has bounced from there. This is good support for the index and if there is any turn on the upside, it has to happen from here. If we break this level, we will slide further to 16900. On the upside, there are multiple resistance levels and the trend for the short term remains bearish. Hence any pullback should be looked at as an opportunity to go short," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    09:56 (IST)23 Nov 2021
    Paytm shares gain

    Paytm share price reversed some losses as the scrip jumped 6% on Tuesday to trade at Rs 1,443 apiece. The stock is still 32% down from its IPO price.

    09:53 (IST)23 Nov 2021
    Latent View Analytics makes stellar listing; share price zooms 169% over IPO price on debut

    Latent View Analytics shares made a spectacular listing on the stock exchanges today despite overall markets sitting in the firm grip of bears. Shares of the company traded at Rs 530 per share, up 169.04% or Rs 333 apiece from the IPO price of Rs 197 per share. The Rs 600-crore IPO was heavily oversubscribed by investors earlier this month with the overall subscription of the issue reaching a massive 326.49 times the issue size. Latent View is the first scrip to make its stock market debut after Paytm’s abysmal listing at the end of last week. On listing, Latent View shares had a market capitalization of Rs 10,484 crore.

    Read full story

    09:23 (IST)23 Nov 2021
    Intraday pullback will be short-lived

    "We expect the intraday pullback in the index to be short-lived as forming lower high-low. Hence, use pullback towards 17460-17485 for creating short position for target of 17371."

    ~ICICI Direct

    09:18 (IST)23 Nov 2021
    Top Sensex drags

    Infosys was down 2.7% as the top Sensex drag, followed by ICICI Bank, Reliance Industries, Tech Mahindra, HCL Technologies, and Bajaj Auto.

    09:17 (IST)23 Nov 2021
    OPENING BELL

    Bears tightened grip on domestic markets on Tuesday morning as Sensex, Nifty opened deep in red. India VIX was above 18 levels. Bank Nifty was down 0.65% on opening bell.

    09:09 (IST)23 Nov 2021
    Sensex gives up 58,000

    Sensex gave up 58,000 mark during the pre-open session on Tuesday as bears continued to tighten their grip on Dalal Street.

    09:04 (IST)23 Nov 2021
    Sensex extends losses

    Sensex was down over 400 points during the pre-open session, threatening to give up 58,000. 

    09:02 (IST)23 Nov 2021
    Nifty tanks

    Nifty was down 250 points during the pre-open session, giving up 17200 and closing in on 17100 levels. 

    09:01 (IST)23 Nov 2021
    Pre-Open

    Sensex slips in pre-open session hovers around 58,200 levels. Nifty 50 was down in the red, nearing 17100 mark. 

    08:59 (IST)23 Nov 2021
    Wait for 17055-16800 zone

    "Monthly expiry, DXY towards 97 and FII selling could mean that Nifty could continue to drag lower. Next support zone for Nifty is seen at 17127-17200. Bottom fishers can keep an eye on 17055-16800 zone for accumulating favourite stocks," said Rahul Sharma, Director & Head - Research, JM Financial.

    08:50 (IST)23 Nov 2021
    Bank Nifty support around 36600

    Nifty finds support around 17150 while 17800 will act as resistance on the upside. Bank Nifty finds support around 36600 while 37800 will act as resistance. ~ IIFL Securities

    08:48 (IST)23 Nov 2021
    17360 and then 17190 could act as supports for Nifty

    "Nifty has extended the downturn as expected but the fact that it did not close at its low is some consolation. 17360 and then 17190 could be the supports for Nifty while 17613 could be a resistance in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities.

    08:45 (IST)23 Nov 2021
    Petrol and diesel price today November 23: Rates steady for 19th day; Check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of petrol and diesel have been left unchanged for the 19th consecutive day now. 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. 

    Read full story

    08:41 (IST)23 Nov 2021
    Nifty expected to open in red

    "Nifty is expected to open negative with a gap down of 110 points at 17300. Nifty has strong support in 17200-17250 range from where we can see a pull back to 17500 levels. Traders are suggested to use every pull back to exit long positions and not to initiate any new long positions till we see a bullish confirmation on Nifty," said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.

    08:26 (IST)23 Nov 2021
    Bharti Airtel, Reliance Industries, Latent View Analytics, SBI, DLF among stocks in focus today

    Sensex and Nifty are in the firm grip of bears after having fallen nearly 3.8% each since the middle of November. SGX Nifty was hinting at a continuation of weakness today. Chartists too believe there is more weakness ahead and advise against long bets. “The overall chart pattern as per smaller and larger timeframe is weak and more weakness could be in store in the near term. Having declined sharply from the highs, the minor pullback rally from the lows can’t be ruled out in the short term, before showing another round of weakness in the market,” said Nagaraj Shetti, Technical Research  Analyst, HDFC Securities. “Further lower levels to be watched at 17000-16800 in the next few weeks,” he added.

    Read full story

    08:01 (IST)23 Nov 2021
    Nifty support in 17200-17250 range

    The index crept lower and it even breached the recent swing low to form a ‘Lower Top Lower Bottom’ on the daily charts after many months. This of course does not bode well for the short term which led to this sharp sell-off yesterday. However, if we look at the weekly charts, it is observed that in this uptrend since June 2020, Nifty has always managed to find support around its 20 weeks EMA in corrective phases and has resumed the uptrend. This average is now placed around 17200 and it would be interesting to see whether the index repeats the history or not. As of now, considering this support range of 17200-17250, we advise covering shorts positions in this range and looking for further signals. On the higher side, 17550 followed by 17700 would now be seen as immediate resistances.

    ~ Ruchit Jain, Trading Strategist, 5paisa.com

    07:58 (IST)23 Nov 2021
    SGX Nifty in red

    SGX Nifty was down 74 points on Tuesday morning, hinting at a weak start to the day's trade. 

    07:56 (IST)23 Nov 2021
    Rich valuations to force market consolidation

    'Overall market is likely to continue with its consolidation as valuations are rich while the global cues are keeping markets volatile – inflation concerns have dominated headlines and the Fed is starting the tapering programme soon. Investors would also be eyeing the Covid situation in Europe and its impact on the economic activities. Thus, in the near term, market may remain under pressure until fresh positive triggers appears and stock specific action is likely to continue. Markets will take direction from macro data that is expected to be released during the week. The U.S. and the euro zone will release manufacturing and service data on Tuesday. Further data from the U.S., including the Fed minutes from its latest meeting, GDP and initial jobless claims, will be released on Wednesday ahead of Thursday’s Thanksgiving holiday,' said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

    Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
    Next Stories
    1RateGain Travel IPO opens for subscription; check issue price, GMP, other details here
    2Metro Brands sets IPO price band at Rs 485-500 /share
    3Vedanta, Tata Motors, InterGlobe Aviation, Power Grid among stocks in focus today