Market HIGHLIGHTS: Sensex falls 433 pts, ends below 60000, Nifty below 17900 on F&O expiry; ICICI Bank drags

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Updated: November 11, 2021 4:25:38 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: BSE Sensex and Nifty 50 ended over half a per cent down on weekly F&O expiry day

Share Market Today, Share Market LiveNifty Auto, Nifty Media, Nifty Financial Services, Nifty Pharma, Nifty Realty ended up to 2.3 per cent lower. Image: Pixabay

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: BSE Sensex and Nifty 50 ended over half a per cent lower on Thursday, a day of weekly F&O expiry. BSE Sensex tumbled 433 points or 0.72 per cent to 59,920, while the Nifty 50 index fell 143 points or 0.80 per cent to 17,873. Titan Company, Mahindra & Mahindra, Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), IndusInd Bank and Tata Steel share prices gained despite overall weak market momentum. On the flip side, State Bank of India, Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance, Asian Paints, Axis Bank, Kotak Mahindra Bank, Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Hindustan Unilever Ltd (HUL), ICICI Bank were top Sensex losers. Sectorally, Nifty Metal and Nifty Consumer Durables ended in the green. While Bank Nifty fell over 1 per cent to end at 38,560. Nifty Auto, Nifty Media, Nifty Financial Services, Nifty Pharma, Nifty Realty ended up to 2.3 per cent lower.

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Highlights

    15:37 (IST)11 Nov 2021
    BSE Sensex tumbles over 400 pts, Nifty ends below 17,900

    BSE Sensex tumbled 433 points or 0.72 per cent to 59,920, while the Nifty 50 index fell 143 points or 0.80 per cent to 17,873 on F&O expiry day

    14:46 (IST)11 Nov 2021
    Paytm IPO share allotment: Check status via BSE, Link Intime, grey market premium; stock listing on Nov 18

    One97 Communications-owned Paytm, whose IPO received 1.89 times subscription, will finalise the share allotment next week on 15 November. The equity shares of Paytm are to be listed on both stock exchanges BSE and NSE likely on 18 November. Ant Group-backed Paytm closed India’s largest IPO of Rs 18,300 crore, including Rs 8,235 crore raised from institutional investors, together with the federal government of Singapore, BlackRock International Funds, Canada Pension Plan Funding Board and Abu Dhabi Funding Authority. In the primary market today, Paytm shares were quoting at a negligible premium of Rs 55 over the issue size, according to the people who deal in unlisted shares of companies.

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    13:41 (IST)11 Nov 2021
    Affle reports strong performance for Q2 FY2022

    Affle reported a strong performance for Q2 FY2022 with a consolidated revenue from operations of Rs. 274.7 crores, an increase in revenue of 103.6% y-o-y from Rs. 135.0 crores in Q2 last year. EBITDA was at Rs. 52.1 crores, an increase of 51.1% y-o-y. PAT increased by 77.1% y-o-y to Rs. 47.6 crores from Rs. 26.9 crores in Q2 last year. This growth was broad-based coming from both CPCU businessand Non-CPCU business, across both India & International markets. 

    12:51 (IST)11 Nov 2021
    HDFC drags Sensex below 60,000

    Housing Development Finance Corporation (HDFC), ICICI Bank, Infosys were top Sensex draggers

    12:50 (IST)11 Nov 2021
    Sensex, Nifty tank nearly 1%

    Sensex tumbled 541 points or 0.90 per cent to 59800, while NSE Nifty was below 17,850

    12:08 (IST)11 Nov 2021
    Sapphire Foods IPO subscribed 1.5 times so far on final day, check grey market premium; should you invest

    KFC and Pizza Hut operator Sapphire Foods India’s IPO has been subscribed 1.5 times so far with the final day bidding still on. Sapphire Foods India IPO has so far received bids for 1.18 crore equity shares, against an offer size of 96.63 lakh shares. The retail investor portion has been subscribed 6.16 times; the non-institutional investor portion is undersubscribed at 34 per cent; and the qualified institutional buyers’ portion has been subscribed only 3 per cent so far. Analysts say Sapphire Foods is very similar to Devyani International in terms of business and brands.

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    12:08 (IST)11 Nov 2021
    Navin Fluorine may post 15% return in near term post Rs 800 cr deal

    Navin Fluorine is a mid-cap company operating in the chemicals sector. For the quarter ended 30/09/2021, the company has reported a total income of Rs. 349 crore, up 4.19% from last quarter. After this Rs 800 crore deal in key Agrochemicals products, Navin Flourine is expected to give a 10-15% return in near term. Ravi Singh, VP & Head of Research, Share India Securities 

    11:39 (IST)11 Nov 2021
    TPG, Matrix Partners, Sequoia, KKR backed Five Star Business Finance files Rs 2752 cr IPO papers

    Non-Banking Financial Company, Five Star Business Finance Limited (FSBFL) has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 2,752 crore through an Initial Public Offering. The initial public offer (IPO) is a complete offer for sale of Rs 257.10 crore by SCI Investments V, Rs 568.92 crore by Matrix Partners India Investment Holdings II, LLC, Rs 9.56 crore by Matrix Partners India Investments II Extension, LLC, Rs 385.65 crore by Norwest Venture Partners X – Mauritius, Rs 1349.78 crore by TPG Asia VII SF Pte. Ltd., Rs 180.93 crore by a part of the Promoter Group, draft red herring prospectus (DRHP) filed with Sebi showed on Tuesday

    10:43 (IST)11 Nov 2021
    Gold Price Today, 11 Nov: Yellow metal prices gain, analysts advise to wait for correction for fresh buying

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading higher in India on Thursday, even as yellow metal prices traded flat globally. On Multi Commodity Exchange, gold December futures were trading Rs 127 or 0.26 per cent up at Rs 48,981 per 10 gram, against the previous close of Rs 48,854. Silver December futures were ruling Rs 76 or 0.12 per cent up at Rs 65,954 per kg. In the last session, silver ended at Rs 65,878 per kg. Internationally, gold prices were flat after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session, according to Reuters.

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    10:18 (IST)11 Nov 2021
    Nifty above 18100 will resume uptrend

    The markets are unable to decide the way forward. While the overall trend is positive, the short-term vision seems undecided. Above 18100 the outlook is positive while below 17700-17800 seems bearish. We are caught in a range and would require to break out or break down in order to witness a meaningful direction. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    09:53 (IST)11 Nov 2021
    Check MCX gold buy, sell zone

    U.S. consumer prices jumped 6.2% on an annual basis in October – the highest since 1990. On account of the data, gold jumped nearly $40 in Comex and touched the level of 49000 in MCX. Fed Officials already quoted that if inflation keeps rising at its current pace then a more aggressive policy response may be adopted. Taking cue from this, Gold prices have recovered it's losses and is expected to remain in same trend for few more days.

    Buy Zone Around - 48800 for the target of 49300Sell Zone Below - 48600 for the target of 48300 Ravi Singh, Vice President & Head of Research, Share India Securities

    09:32 (IST)11 Nov 2021
    Indian Rupee likely to move in 74.90-75.20 range in near term

    Expectations of earlier tightening were revived as Fed had mentioned for a potential increase in interest rates once inflation peaks beyond control and employment reaches the target. This could keep dollar stronger, thereby limiting gains in rupee. Also the rally for an appreciation in rupee faded beyond 73.80 as RBI finally intervened. Additionally, consistent selling by FIIs remains a major headwind. That apart, oil importers who have already taken a heavy beating in past month will definitely rush to cover their imports. Technically, for dollar-rupee pair 74.50-60 levels will act as an important resistance to watch for. If the pair breaks and consistently trades above 74.50-60 levels, then the rupee is most likely to move near 74.90-75.20 levels in the near term. Amit Pabari, managing director, CR Forex Advisors

    09:24 (IST)11 Nov 2021
    Bank Nifty falls over 0.5%

    Sectorally, Bank Nifty was down 0.6 per cent. Nifty Financial Services, Nifty IT, Nifty Private Bank indices were trading in the red

    09:21 (IST)11 Nov 2021
    HDFC, Tech Mahindra top Sensex losers

    Tech Mahindra, Housing Development Finance Corporation (HDFC), Axis Bank, State Bank of India (SBI), Kotak Mahindra Bank, HCL Technologies were top index laggards

    09:21 (IST)11 Nov 2021
    HDFC, Tech Mahindra top Sensex losers

    Tech Mahindra, Housing Development Finance Corporation (HDFC), Axis Bank, State Bank of India (SBI), Kotak Mahindra Bank, HCL Technologies were top index laggards

    09:20 (IST)11 Nov 2021
    Tata Steel, Titan, L&T top Sensex gainers

    Tata Steel, Titan Company, Larsen & Toubro (L&T), M&M, Maruti Suzuki, Power Grid Corporation of India were among top Sensex gainers.

    09:18 (IST)11 Nov 2021
    Sensex, Nifty down nearly 0.5% on F&O expiry day

    BSE Sensex fell 220 points or 0.4 per cent to 60,132, while Nifty 50 was ruling below 17950

    09:14 (IST)11 Nov 2021
    Sensex trades flat with negative bias in pre-open

    BSE Sensex fell 60 points to 60291 in the pre-opening session on Thursday

    09:10 (IST)11 Nov 2021
    Nifty support at 17800 and 18200; Bank Nifty to face hurdle around 38600 and 39300

    Nifty finds support around 17800 while 18200 will act as resistance on the upside. Bank Nifty finds support around 38600 while 39300 will act as resistance. IIFL Securities

    09:08 (IST)11 Nov 2021
    Nifty may trade in 17700-18200 range on F&O expiry day

    We expect index to prolong the ongoing consolidation amid weekly derivative expiry. Hence, use dip towards 17930-17965 for creating long position for target of 18045. Going ahead, we expect index to prolong the ongoing consolidation (18200-17700) amid stock specific action that would make market healthy. ICICIdirect Research

    09:05 (IST)11 Nov 2021
    Buy these two stocks for near-term gains as Nifty forms small positive candle on daily chart

    The short term trend of Nifty continues to be range bound with weak bias. As long as the lower support of 17900-17850 is protected, there is a possibility of another round of upside bounce towards 18150 in the short term. A decisive move below the support is likely to drag Nifty down to 17600 levels in the near term. Nagaraj Shetti, HDFC Securities

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    08:45 (IST)11 Nov 2021
    Tata Steel, Zomato, Yes Bank, Nykaa, BPCL, Kalyan Jewellers, Future Retail, Zee Ent stocks in focus

    Nifty futures were trading 50.50 points or 0.28 per cent down at 17,965 on Singaporean Exchange, suggesting a weak start for BSE Sensex and Nifty 50 on Thursday. Investors will closely track the ongoing IPOs, last leg of Q2 earnings, oil prices, rupee movement against US dollar, and other global cues. Moreover, markets may see volatility on account of weekly F&O expiry day.

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    08:10 (IST)11 Nov 2021
    SGX Nifty falls in early trade

    Nifty futures were trading 42.50 points or 0.24 per cent lower at 17,973 on Singaporean Exchange.

    08:09 (IST)11 Nov 2021
    RBI chief Shaktikanta Das says GDP to clip at 9.5% as growth impulses strong

    Stating that growth impulses and the fast-moving indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence of the economy clipping at the projected 9.5 per cent this fiscal. Giving all the credit for the faster-than-expected recovery of the economy to the government, Das said the central bank has only been supporting the government in reviving the economy ravaged by the pandemic.

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