Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 2 December | The Financial Express

Share Market Highlights: Sensex, Nifty snap 8-day rally as bears return to D-St; Auto, IT lead losses

Share Market News Today | Sensex, Nifty, Share Prices Highlights: BSE Sensex ended at 62,868, down by 415 points while NSE Nifty closed at 18,696, over 0.66% points lower from yesterday’s close.

Share Market Highlights: Sensex, Nifty snap 8-day rally as bears return to D-St; Auto, IT lead losses
SGX Nifty hinted at negative open for the domestic share market as Nifty futures traded 50 pts or 0.26% lower at 18925 on the Singapore Exchange.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices BSE Sensex and NSE Nifty 50 snapped an eight-day rally, ending in the red and giving up Thursday’s gains. BSE Sensex ended at 62,868, down by 415 points while NSE Nifty closed at 18,696, over 0.66% points lower from yesterday’s close. The broader markets ended on a mixed note, but the Nifty Midcap closed 0.88% and Nifty Smallcap indices ended 0.6% up. All of Nifty’s sectoral indices shifted between gains and losses. Nifty Oil & Gas ended flat, while Nifty Realty and Nifty Media were the day’s top gainers. Nifty Auto and Nifty FMCG were the biggest laggards.

Live Updates
15:44 (IST) 2 Dec 2022
Most active stocks of the day

TCS, Bajaj Finance, ICICI Bank, Reliance Industries and Maruti were among the most active Nifty 50 stocks on Friday.

15:44 (IST) 2 Dec 2022
Top Nifty gainers, losers

On the NSE Nifty index, Apollo Hospitals, Tata Steel, Dr Reddy, Grasim and TechM were the biggest gainers, with Apollo Hospitals up almost 1.87%. The biggest laggards are Eicher Motors, M&M, Tata Consumer, Hindustan Unilever and Hero MotoCorp. Eicher Motors is trading 3.1% down.

15:41 (IST) 2 Dec 2022
Domestic markets snap 8-day rally

BSE Sensex and NSE Nifty 50 snapped an eight-day rally, ending in the red and giving up Thursday’s gains. BSE Sensex ended at 62,868, down by 415 points while NSE Nifty closed at 18,696, over 0.66% points down.

15:17 (IST) 2 Dec 2022
Nifty may scale a new high of 19,100 by year-end

Nifty may scale a new high of 19,100 by year-end and Bank Nifty may have more legs on the upside till the end of FY23, said Siddarth Bhamre, Head of Research, Religare Broking in an interview with Harshita Tyagi of “As of now, we are not seeing any major trigger which would topple India from the numero uno spot. One should not be in hurry to invest but we don’t see any concern as of now which would lead to a major correction,” Bhamre said, adding that Auto, FMCG, Cement, and Consumer durables are attractive investment options, while cyclical spaces like commodities in an increasing interest rate scenario can be avoided for now.

Read full interview here

14:52 (IST) 2 Dec 2022
Uniparts India subscribed 15.74x

The Uniparts India IPO has been subscribed 15.74 times, with the retail portion subscribed 3.81x, NIIs subscribed 14.53x while QIBs subscribed 37.55x.

13:56 (IST) 2 Dec 2022
Increase gold exposure, buy on dips

Gold price touched two-week highs on 1st December trading at $1795/oz while on the MCX gold futures gained by around 1.5 percent and closed the session as on 1st December at around Rs.Rs.53,238/10 grams mark.

Fed chair Jerome Powell has confirmed that the Fed will slow its pace of tightening in the coming months. Lower rate hikes tend to boost appeal which in turn led to rise in gold prices. We expect the momentum in gold to continue in the weeks ahead. Gold prices in the domestic futures might see it moving higher towards Rs.54500 mark by the end of December 2022. Our advice to investors is to take advantage of the price rise in the yellow metal and increase your exposure in the asset class at every dip.”

Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel One

13:40 (IST) 2 Dec 2022
141 BSE stocks hit 52-week highs, 20 fall to 52-week lows

On the BSE Sensex, 141 stocks rose to hit fresh 52 week highs. Accelya Solutions India, Bharti Agri Fert & Realty, Cummins India, Britannia Industries, Dish TV India, Dhanlaxmi Bank, Hindustan Aeronautics and many others were among those to hit these highs. On the flip side, 18 stocks fell to their 52 week lows.

Read full story.

12:56 (IST) 2 Dec 2022
Policybazaar stock surges 6% intraday

PB Fintech share prices soared 6% in trade on Friday morning before settling to trade 2% higher amid reports of Softbank divesting a 5% stake in the PolicyBazaar parent. Despite reports of the block deal being sold at a discount from Thursday’s closing price, Policybazaar shares rallied to hit an intraday high of Rs 489 on NSE, up 6% from previous close.

Read full story.

12:44 (IST) 2 Dec 2022
Nifty Auto down over 1%

The Nifty Auto index loses more than 1% in trade today. The index's constituents are trading in the red, with Eicher Motors down 2.7%, M&M down 2.36%, Ashok Leyland down 1.88% and Maruti down 1.22%.

11:26 (IST) 2 Dec 2022
Gold prices may rise amid softening dollar; wait for correction to go long around 52,700-52,500 zone

Traders rushed into risky assets including gold and silver after the market reacted to Fed Chairman Jerome Powell’s speech at the Brookings Institution in Washington, where he continued to focus on his remarks to slow the pace of upcoming rate hikes. COMEX gold finally breached the psychological barrier of $1800, as traders accumulated long positions due to weakness in US dollar. Gold gains however were also overshadowed by silver gains, which saw remarkable jump of 5.5% against gold’s gain of 3.2% in COMEX.

Read full story.

10:17 (IST) 2 Dec 2022
Vipul Organics Receives ISO 14001:2015 certification for Environment Management System

Vipul Organics Limited has received the ISO 14001 Certification for all three manufacturing facilities at Palghar, Ambernath and Tarapur. The ISO Certification are a benchmark on adherence to effective Environment Management System standards. The company already follows a Zero Liquid Discharge (ZLD) policy at its manufacturing facilities. The plants at Palghar, Ambernath and Tarapur also recycle and reuse over 98% of water.

10:02 (IST) 2 Dec 2022
FIIs increase future index long position holdings

“Nifty weekly contract has highest open interest at 18,900 for Calls and 18,800 for Puts while monthly contracts have highest open interest at 19,000 for Calls and 18,500 for Puts. Highest new OI addition was seen at 18,850 for Calls and 18,800 for Puts in weekly and at 19,400 for Calls and 18,500 for Puts in monthly contracts. FIIs increased their future index long position holdings by -4.66%, increased future index shorts by -2.75% and in index options by -24.34% in Call longs, -28.82% in Call short, -21.94% in Put longs and -45.39% in Put shorts.”

Anand James, Chief Market Strategist, Geojit Financial Services

09:49 (IST) 2 Dec 2022
Nifty Oil & Gas index rallies

The Nifty Oil & Gas index is rallying as a result of the Central government's further cut windfall tax on locally produced crude oil and diesel exports. The index has gained 0.45% and is just shy of its 52-week high, while its constituents ONGC, Mahanagar Gas and Oil India are the biggest gainers, up over 1.5% respectively.

09:36 (IST) 2 Dec 2022
US inflation could decline further

“A major market positive that has helped equity markets globally during the last several days has been the steady decline in the dollar index and US bond yields. This trend continues. The dollar index is now below 105 and the US 10- year bond yield is around 3.43 %. Another important data is the declining manufacturing activity in the US in November. This negative economic news is paradoxically positive news from the market perspective since it indicates that the US economy is responding to the monetary tightening by the Fed. So, US inflation is likely to decline further enabling the Fed to slow down rate increases and perhaps pause in Q1 of 2023. This is market positive. Back home, even though there is momentum in our markets, valuations are at elevated levels. Scope for further PE expansion is limited. Therefore, the market is likely to consolidate around the present levels.”

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

09:31 (IST) 2 Dec 2022
Nifty Auto down 0.7%

The NSE Nifty Auto index continued to face losses, as the index is currently trading down by 0.7%. The index's biggest laggards are Eicher Motors (down 2.06%), Maruti Suzuki (down 1.46%) and Ashok Leyland (down 1.45%).

09:22 (IST) 2 Dec 2022
Domestic indices open in red

After losing gains in the pre-open session BSE Sensex and NSE Nifty continue to trade in the negative territory. Sensex is currently trading down 63,043, down by 240 points while Nifty is at 18,744, down by 0.36%.

09:09 (IST) 2 Dec 2022
Nifty, Sensex in red during pre-open session

Domestic indices BSE Sensex and NSE Nifty are in the red during the pre-open session, giving up Thursday's gains amid weak Asian markets. BSE Sensex is trading down 0.48% at 62,978 while NSE Nifty is at 18,752, over 60 points lower from yesterday's close.

08:49 (IST) 2 Dec 2022
Markets likely to see some consolidation

“Markets are likely to consolidate and drift lower in early trades Friday owing to weak Asian market cues. On daily charts, the market is in an overbought technical condition and continues to ignore the US bond market's recession warning. Investors world-over will closely watch today’s highly-anticipated US November jobs report. For Nifty, the make-or-break support is seen only at the 18,587 mark. On a positive side, the US annual PCE inflation data showing that inflation declined to 6% in October could trigger a sell-off in the US Dollar. The softer-than-expected US PCE inflation data should also weigh heavily on the USD/INR.”

Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities

08:44 (IST) 2 Dec 2022
Levels to watch for

“According to the volume profile, 18,650 may operate as strong support for Nifty, while 19,000 may act as an instant challenge. Bank Nifty, on the other hand, has support at 42,900 levels and resistance at 43,800.”

Ameya Ranadive, Equity Research Analyst, Choice Broking

08:33 (IST) 2 Dec 2022
GST collections grows 11%

“GST inflows in November 2022 recorded a healthy 11% expansion over November 2021, and printed in line with our expectations. The sequential dip in collections in November 2022 relative to October 2022, reflects the boost from quarter end payments in the latter month, as the inflows in each month pertain to the activity in the previous month. Moreover, while festive spending is assessed to have been high in October 2022, the generation of GST e-way bills had moderated sequentially given a higher number of holidays in that month.”

Aditi Nayar, Chief Economist, ICRA

08:22 (IST) 2 Dec 2022
Call/Put OI

According to OI data, the highest call OI was observed at 19000, followed by 18900 strike price, while the greatest put OI was observed at 18800 strike price. The Nifty Put Call Ratio is at 1.04. According to Bank Nifty OI data, the largest OI was observed on the call side at 43500, followed by 43400 strike price, while the highest OI was observed on the put side at 43000 strike price.

08:05 (IST) 2 Dec 2022
Bank Nifty support seen at 42,800

“The Bank Nifty index faced range-bound trading between 43,000-43,500 levels where the bulls and the bears were active. The index to resume the up move must surpass the level of 43,500 on the upside on a closing basis. The undertone remains bullish and one should keep a buy-on-dip approach with strong support at the 43,000-42,800 zone.”

– Kunal Shah, Senior Technical Analyst, LKP Securities

08:01 (IST) 2 Dec 2022
Nifty to consolidate around 19000

“Sectorally, IT, PSU Bank, Realty and Metals were witnessing strength. Realty sector saw some traction after news reports suggested property registration picking up in Mumbai and stamp duty collection scaled to new peak in November. IT and Metals witnessed buying interest with signs of improving global environment. Auto sector saw some selling on back mixed monthly sales numbers. Nifty after moving up by 4% in last 8 sessions can witness some consolidation around the 19k mark. Expect momentum to continue in global sector like IT and Metals. Also real estate, cement and building material stocks are expected to do well on the back of strong housing demand.”

Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

07:53 (IST) 2 Dec 2022
DIIs net buyers

Foreign institutional investors (FIIs) net sold shares worth Rs 1,565.93 crore, while domestic institutional investors (DIIs) net bought equities worth Rs 2,664.98 crore on 1 December, according to the provisional data available on the NSE.

07:53 (IST) 2 Dec 2022
Government cuts tax on windfall crude

The Central government on Thursday further cut windfall tax on locally produced crude oil and diesel exports. The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 4,900 per tonne from the existing Rs 10,200 per tonne, as per a government notification. In the fortnightly revision of windfall profit tax, the government also cut the rate on export of diesel to Rs 8 per litre from Rs 10.5 per litre. The levy includes Rs 1.5 per litre as road infrastructure cess.

07:53 (IST) 2 Dec 2022
Stocks under F&O ban on NSE

Punjab National Bank, BHEL, Delta Corp and Indiabulls Housing Finance are the three securities under the NSE F&O ban list for 2 December. Securities thus banned under the F&O segment include companies where derivative contracts have crossed 95% of the market-wide position limit.

First published on: 02-12-2022 at 07:51 IST