Share Market Highlights: Sensex ends 286 pts lower, Nifty closes just above 17600; SBI, RIL, TCS among drags

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Updated: September 30, 2021 4:22:24 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices closed with losses on the F&O expiry session. Midcap and smallcap indices outperformed.

Share Market Today, Share Market LiveIndia VIX was up, breaching 19 levels. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark equity indices closed with losses on the monthly futures & options expiry session, marking the third straight day of losses. S&P BSE Sensex ended 286 points or 0.48% lower at 59,126 while the NSE Nifty 50 dropped 93 points or 0.53% to close at 17,618. Bank nifty ended 0.84% lower while midcap and smallcap equity indices closed with gains. India VIX was down with losses but continues to sit above 18 levels. Bajaj Finserv was the top Sensex gainer, jumping 2.19%, followed by Bajaj Finance, NTPC, and Sun Pharma. Powergrid was the worst-performing Sensex constituent, falling 3% on closing.  Asian Paints, Axis Bank, and Kotak Mahindra Bank followed. 

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Highlights

    16:20 (IST)30 Sep 2021
    Sensex, Nifty end expiry session in red, fall for third day straight; D-St may consolidate further

    Domestic headline indices ended with losses for the third consecutive trading session. S&P BSE Sensex, danced between gains and losses for most of the day only to end 286 points or 0.48% lower at 59,126. Nifty 50 gave up the 17,700 mark at the end of the September F&O expiry, closing at 17,618. Bajaj Finserv was the top Sensex gainer, jumping 2.19%, followed by Bajaj Finance, NTPC, and Sun Pharma. Powergrid was the worst-performing Sensex constituent, falling 3% on closing.  Asian Paints, Axis Bank, and Kotak Mahindra Bank followed. Chartists suggest Nifty could now face resistance at 17,700 but believe the medium-term structure is still positive. 

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    15:48 (IST)30 Sep 2021
    Isthara Parks attracts additional investment from JM Financial Private Equity

    Isthara Parks Private Limited, a co-living operator in India, has raised a fresh round of capital from JM Financial Private Equity, an existing investor, along with Dubai-based Eagle Proprietary Investments Limited and a few family offices, amidst stellar growth in its portfolio of managed beds over the last twelve months, despite the pandemic impact. The latest fundraise will help the Company to capitalize on the growth momentum and further bolster its leadership position in the co-living and student housing sector in India. The Company has raised a total of $11 million of external capital so far.

    15:31 (IST)30 Sep 2021
    CLOSING BELL

    Domestic benchmark indices closed with losses on the F&O expiry session. Midcap and smallcap indices outperformed. Bank Nifty ended 0.84% lower.

    15:26 (IST)30 Sep 2021
    Midcap, smallcap indices outperform

    Midcap and Smallcap indices are trading with gains with minutes left to the closing bell. Nifty Midcap 50 was up 0.20% while the Smallcap index was up 0.53%. Nifty 50 was down with losses. 

    15:18 (IST)30 Sep 2021
    India VIX slips

    India VIX, the volatility gauge, was down 3.13% minutes ahead of the closing bell. Often called the fear gauge of domestic markets, India VIX has scaled higher during the last few days and currently sits above 18 levels. 

    15:09 (IST)30 Sep 2021
    Mukesh Ambani dominates as richest Indian for 10th year, Adani earned Rs 1,002 crore per day 

    Mukesh Ambani continues to dominate as the richest Indian for the tenth year in a row, according to the IIFL Wealth Hurun India Rich List. Mukesh Ambani and family are now worth Rs 7,18,000 crore, a 9% increase from the previous year. At a distance, on the second spot, Gautam Adani and Family are now the second richest in the country with their wealth standing at a staggering Rs 5,05,900 crore. Gautam Adani’s wealth grew by Rs 1,002 crore per day according to the IIFL Wealth Hurun India Rich list.

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    14:55 (IST)30 Sep 2021
    Sensex, Nifty trim losses

    Sensex and Nifty trimmed losses with half an hour to go before the closing bell. Sensex was still down 190 points while Nifty was below 17,700.

    14:55 (IST)30 Sep 2021
    Sensex, Nifty trim losses

    Sensex and Nifty trimmed losses with half an hour to go before the closing bell. Sensex was still down 190 points while Nifty was below 17,700.

    14:37 (IST)30 Sep 2021
    Sensex, Nifty deep in red

    Sensex and Nifty were deep in red on Thursday, erasing all intra-day gains and falling nearly 0.5% each. 

    13:52 (IST)30 Sep 2021
    Aditya Birla Sun Life AMC IPO

    Aditya Birla Sun Life AMC IPO has been subscribed 0.83 times on the second day of sale so far. Retail investors, who had already fully subscribed their portion on the first day, added to their tally taking their subscription to 1.61 times. No other investor category has fully subscribed their portion yet. 

    13:44 (IST)30 Sep 2021
    Heavyweights drag indices

    Index heavyweights such as Reliance Industries, TCS, ICICI Bank, and Infosys were all trading with losses on Thursday, pulling the benchmarks lower. 

    13:43 (IST)30 Sep 2021
    Bharti Airtel to invest Rs 5,000 cr in new data centre biz, to triple capacity; forecasts $4 bn opportunity

    Telecom major Bharti Airtel will invest Rs 5,000 crore over the next 3-4 years in its newly-launched data centre business, to triple capacity. Airtel will scale up its data center capacity through Nxtra by Airtel, a new business unit focusing solely on the data center business. The telecom giant believes the data center business could grow into a $4 billion market in the coming four years. Nxtra currently operates 10 large and 120 edge data centres located across India.

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    12:11 (IST)30 Sep 2021
    Top gainers

    Sun Pharma and Bajaj Finance were the top gainers on Sensex at this hour, both up 1.8% each. These were followed by Bajaj Finserv, Titan, Dr Reddy's Labs, and HDFC. 

    11:57 (IST)30 Sep 2021
    Short Bank Nifty with stop loss at 38000

    Short build up in the Bank Nifty futures, Short built up by FII’s in the Index Futures and Call writing at 17800 - 17900 levels Indicates that one should continue to remain cautious for the markets. Therefore, our advise is to accumulate Short positions by keeping a stop loss at 17800 level. In the Bank Nifty, where we have seen short build up, our advice is to go short by keeping stop loss at 38000 level

    ~ HDFC Securities

    11:41 (IST)30 Sep 2021
    Sensex, Nifty in green

    Sensex and Nifty were trading with marginal gains on Thursday, rebounding once again from the lows. Dalal Street headline indices were witnessing yet another volatile trading session. 

    11:40 (IST)30 Sep 2021
    Covestro raises investment in sustainable growth

    As part of its new ‘Sustainable Future’ strategy, Covestro is continuing to focus on the circular economy and the structurally increasing demand for sustainable solutions. Covestro plans to deploy the energy efficient AdiP technology, which is already used at its Brunsbuettel site in Germany. The technology can reduce steam by up to 40 percent and electricity by 25 percent per ton of product in an MDI plant, cutting CO2 emissions by up to 35 percent. “There is a growing demand for sustainable solutions worldwide and that offers us significant additional market potential. Our high-tech plastics already enable sustainable innovations in many industries,” said Markus Steilemann, CEO of Covestro.

    11:14 (IST)30 Sep 2021
    Zomato, IRCTC, Mindtree stocks, others stare at $1 billion inflows after possible entry in MSCI India index

    MSCI Standard Index could see the inclusion of SRF, Mindtree, IRCTC, Zomato and two other stocks in the upcoming November semi-annual index rebalancing, Edelweiss Alternative Research said. Analysts believe the inclusion of six scrips to the index could result in inflows worth $1.04 billion from foreign investors into these stocks. Morgan Stanley Capital International (MSCI), the global index provider, rebalances its indices semi-annually and quarterly. The semi-annual index review is expected to be announced in November this year with a cut-off date being the last week of October.

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    10:22 (IST)30 Sep 2021
    Immediate resistance is seen in the vicinity of 17800 - 17900

    Nifty Open Interest Put Call Ratio remained steady at 0.94 levels. Amongst the Nifty options (30-Sep Expiry), Put writing was seen at 17500-17600 levels, Indicating Nifty is likely to find support in the vicinity of 17500 - 17600 levels. On the higher side, immediate resistance is seen in the vicinity of 17800 - 17900 levels where we have seen Call writing. Short Built up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1572 Cr with their Open Interest going up by 1427 contracts.

    ~ HDFC Securities

    10:02 (IST)30 Sep 2021
    Need to hold 17700

    "The index continues to face resistance at higher levels. The current level of importance is 17700 - we need to trade above this for a positive bias to set in. Until then we will continue to see sideways price action. If we can get past 17750-17800 on a closing basis, the Nifty will be on its way to claim 18000. 17500 is rock-solid support and until that does not break, the overall trend of the market is positive," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    09:56 (IST)30 Sep 2021
    Nifty to find support at 17600

    "Treasury yields are still rising however Jerome Powell indicates his optimism regarding inflation impact to be temporary. In China, the Central Bank is pumping funds consistently so as to maintain sufficient liquidity amid Evergrande’s situation. India will post fiscal deficit and industrial data today which shall be watched closely. Time and again, Indian markets are buying the dips and investors could look for opportunities in specific sectors and stocks which are offering favourable valuations. On the technical front, 17,600 could be seen as the nearest support for Nifty50 while near term resistance could be seen around 18,000 levels," Mohit Nigam, Head - PMS, Hem Securities.

    09:44 (IST)30 Sep 2021
    Rebounding from lows

    Sensex and Nifty turned positive once again as the benchmark indices turned positive from lows during the initial hour of trade. 

    09:42 (IST)30 Sep 2021
    Buy these two stocks for near-term gains; sustainable move above 17800 could take Nifty to 18000

    After showing sharp weakness and intraday upside recovery on Tuesday, Nifty shifted into a consolidation with weak bias on Wednesday and closed the day lower by 37 points. A small positive candle was formed at the lows with minor upper and lower shadow. Technically, this pattern indicate a formation of high wave type candle pattern. Normally, such formations after a reasonable decline could hint at a possibility of halt in present trend and this needs to be confirmed with reasonable upmove in the subsequent sessions.

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    09:26 (IST)30 Sep 2021
    Sensex, Nifty in red

    Sensex and Nifty were trading with losses after having opened the day's trade flat with a positive bias. Nifty have up 17700 mark. 

    09:22 (IST)30 Sep 2021
    Nifty may trade between 17,900-17,500 on F&O expiry, Bank Nifty could range from 38,500 to 37,000

    In Nifty current series there has been a Short Covering witnessed with increase in price of 6.37% and decrease in OI by  48%  as on today wherein there was unwinding of 59 Lac shares in OI, decreasing from 123.97 lac to 64.89Lac shares there was addition of 25.74 Lac shares in OI in next series, the significant OI decrease is due to monthly expiry scheduled tomorrow while today Nifty September rollover stands at 58% as on today and Nifty Put Call Ratio a sentiment indicator used by traders to gauge the market sentiment and mood is currently at 0.94 compared to 1.46 of last week, indicating positive bias. 

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    09:18 (IST)30 Sep 2021
    OPENING BELL

    Domestic equity markets witnessed a muted start to the day’s trade, dancing between marginal gains and losses. Nifty was hovering around 17700.

    09:03 (IST)30 Sep 2021
    Sensex, Nifty gain

    Sensex and Nifty were up in the green during the pre-open session. Sensex was up nearly 200 points while Nifty was hovering around 17750. 

    08:58 (IST)30 Sep 2021
    Nifty needs to hold above 17700 to scale 18000 mark; watch out for NTPC, SBI, DLF, India Oil stocks

    The Nifty 50 index opened Wednesday’s session gap down on account of weak global cues but it managed to hold the previous day’s low and bounced to a key hurdle of 17777 zones. Despite dullness in the initial half, it recovered well and finally closed above 17700 with losses of around 40 points. It formed a small-bodied Bullish candle on daily scale with longer shadows on either side indicates tug of war between bulls and bears. Now it has to continue to hold above 17700 zones, for an up move towards 17850 and 18000 zones whereas support is placed at 17600-17580 zones.

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    08:40 (IST)30 Sep 2021
    Zee Entertainment, Coal India, HDFC AMC, NTPC, IndusInd Bank, Indian Overseas Bank stocks in focus

    SGX Nifty was signalling a flat to negative start for domestic equities on Thursday morning. Sensex and Nifty have already corrected for two consecutive days, but still, remain close to their all-time highs. On the monthly futures & options expiry session, the indices are expected to trade in a range. “Nifty expiry likely to be in the range of 17600-17700 whereas Bank Nifty data is suggesting a flat expiry,” said Rahul Sharma, Director & Head - Research, JM Financial. Although indices may remain range-bound, stock-specific action could continue on Dalal Street today.

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    08:03 (IST)30 Sep 2021
    Aditya Birla Sun Life AMC IPO

    The IPO of Aditya Birla Sun Life AMC was subscribed 0.58 times on day one with retail investors oversubscribing their portion of the issue. 

    08:02 (IST)30 Sep 2021
    US Stocks: Nasdaq futures up 1% as tech stocks rebound

    Nasdaq futures jumped 1% on Wednesday as technology stocks led a rebound after concerns about inflation and rising Treasury yields drove one of Wall Street’s worst selloff of this year. Shares of heavyweights Amazon.com Inc, Facebook Inc, Microsoft Corp, Apple and Google-parent Alphabet Inc rose between 1% and 1.3% in premarket trading.

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