Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices managed to end marginally in green after swinging between gains and losses ahead of the weekly F&O expiry. The S&P BSE Sensex topped the 62,000-mark for the first time in 13 months, as it scaled a high of 62,053 before finally ending with a gain of 108 points at 61,981. The 30-share index is now just 264 points shy of its lifetime high 62,245. The NSE Nifty touched a high of 18,442, and eventually settled seven points higher at 18,410. Sectorally, power, realty and metal indices fell 1% each, while some buying was seen in the banking names. In broader markets, BSE midcap index shed 0.6% and smallcap index was down 0.3%.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 16 November, Wednesday
Power, realty and metal indices fell 1% each, while some buying was seen in the banking names. BSE midcap index shed 0.6% and smallcap index was down 0.3%.
Kotak Mahindra Bank, Coal India, HDFC Bank, Dr Reddy's Laboratories and HUL were among the top Nifty gainers, while Apollo Hospitals, Adani Enterprises, Hindalco Industries, Adani Ports and JSW Steel were the biggest losers.
Indian benchmark indices ended on flat note in the volatile session. BSE Sensex ended just shy of 62000, while NSE Nifty 50 settled above 18400.
Benchmark indices were trading flat amid volatility. The Sensex was up 110.13 points or 0.18% at 61983.12, and the Nifty was up 1.20 points or 0.01% at 18404.60.
Bank Nifty slips from its 52-week high of 42,602; currently trading at 42,508, up 0.3%.
BSE Sensex and NSE Nifty give up their gains to trade in the red. After touching 52-week highs intraday, the benchmarks indices both slip. Sensex is trading flat at 61,900 while Nifty is at 18,380, down 0.12%.
Opening at 42,371 on Wednesday, Bank Nifty has rallied 0.5%, hitting a new 52-week high of 42,602.
BSE Sensex rallies above 62,000, touching a fresh 52 week high at 62,052, before falling to 62,021, up almost 150 points or 0.2%.
The price of petrol and diesel remained unchanged on 16 November 2022, keeping costs steady for around four months now. The petrol rate and diesel rate in Delhi are at Rs 96.72 and Rs 89.62 per litre, respectively. In Mumbai, petrol is retailing at Rs 106.31 per litre and diesel at Rs 94.27 per litre.
Gold rate and silver rate were trading firm in India on Wednesday on the back of positive global cues. On Multi Commodity Exchange, gold December futures were trading at Rs 53,008 per 10 grams, up Rs 263 or 0.50 per cent. Silver December futures were up Rs 410 or 0.7 per cent to rule at Rs 62,000 per kg.
On the BSE Sensex, 113 stocks rose to hit fresh 52 week highs. Accelya Solutions, Ambuja Cements, Adani Enterprises, Cummins India, GSS Infotech, Cochin Minerals and Rutile, Kirloskar Brothers, IRCON International, Munoth Financial, Mazagon Dock Shipbuilders, Revathi Equipment, Ujjivan Financial Services and many others were among those to hit these highs.
On the flip side, 30 stocks fell to their 52 week lows. Voltas, Infobean, Sudarshan Chemicals, Rupa, Relaxo, DCX Systems, DCM Shriram, Bikaji Foods, ANG Lifesciences, Ashapura Minechem were among these scrips.
“Bank Nifty PCR is at month's highest level of 1.45 which means it is prudent to take profit around 42500-43000. Time to switch sectors until a correction makes the banking index attractive again”-Rahul Sharma, Head- Research, JM Financial Services
Domestic index NSE Nifty 50 hit a fresh 52-week high of 18,438 intraday, reclaiming the 18,400 level after starting in the red on Wednesday, later falling to 18,428, up 0.14% or 25 points.
IIFL Wealth & Asset Management has rebranded itself as 360 ONE. The new brand and identity were unveiled by Karan Bhagat, Founder, MD & CEO. The new brand 360 ONE will help the Company retain all the elements that make it unique while also injecting the vibrancy and freshness of a modern India. It not only captures the Company's ethos but will also resonate with a more diverse set of clients and prospects, including the next generation, the company said.
Medanta operator Global Health listed on the bourses with a 19% premium on 16th November. The stock listed at Rs 401 on the NSE and Rs 398.15 on the BSE. The IPO's price band was between Rs 319-336 per share, with the issue price set at Rs 336.
Bikaji Foods International shares had a firm start on exchanges as the stock traded 7.6% above the IPO price, listing at Rs 321.15 on the BSE and at Rs 322.80 on the NSE. The snacks company has fixed the IPO issue price at Rs 300, at the upper end of the price band of Rs 285-300.
The rupee depreciated 66 paise to 81.57 against the US dollar in early trade on Wednesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.
“Bullish momentum continues in the market. A good indicator of the bullish sentiments is the decline in the volatility index VIX from above 18 in October to around 14.6 now. The US CBOE VIX also is on a downtrend. This, along with steadily falling US yields strengthens the bullish construct for equity markets. Since the Nifty is only around 1% away from all-time highs a final dash to a new record can happen anytime. Profit booking and correction is likely after that. Since the drivers of the current rally are high quality large-caps particularly in banking and IT, mid and small-caps are unlikely to participate in the ongoing rally. Investors may stick with quality. Two Russian missiles landing in Poland killing two civilians has emerged as a new near-term concern whether it will escalate the Ukraine war,” says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Hindware Home Innovation, the Consumer Appliances and Building Products Company; announced its financial results for the quarter and half year ended September 30th, 2022 on Tuesday. In H1 FY23, Hindware Home Innovation Limited Consolidated Revenue from Operations stood at Rs 1,393 crore, registering a growth of 45%. EBITDA grew 75% to Rs 131 crore during H1 FY23 as against Rs crore. For the quarter, Consolidated Revenue from Operations came in at Rs 715 crore, up 16%. EBITDA grew 11% to Rs 64 crore compared to Rs 58 crore in Q2 FY22. For the Consumer Appliances business, Revenue from Operations came in at Rs 254 crore in H1 FY23, registering a healthy growth of 42% on-year. EBITDA grew by 119% on-year basis to Rs 16 crore.
Among Nifty 50's top losers are Divis Lab (down 1%), Power Grid (down 1%) and Apollo Hospitals (down 1%).
Among Nifty 50's top gainers today are Eicher Motors (up 1.3%), Cipla (up 1.1%) and Dr Reddy (up 1.3%).
FSN E-Commerce Ventures or Nykaa's shares fall to trade at Rs 183, down 4.3%.
The Indian indices open on a lower note on November 16, with NSE Nifty 50 at 18,385, down 0.1% and BSE Sensex at 61,772, also down 0.1%
Benchmark indices are trading lower in the pre-opening session. The BSE Sensex was down 164 points or 0.2% at 61,708, and the Nifty was down 5 points or 0.03% at 18,398.
The domestic indices, BSE Sensex and NSE Nifty 50, are expected to open in the red as SGX Nifty and Asian markets were trading lower. Nifty Futures were trading 29 points or 0.16% lower at 18,465. “Nifty clocked yet another highest close in the current calendar year. If we meticulously observe the daily time frame chart, we can see today’s low coinciding with the ‘5-day EMA’ level. Since the slope of this key moving average is upward, the buying emerged precisely after testing it. We continue to remain sanguine and we reiterate on a new high coming soon in Nifty,” said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One.
“Advise to start profit booking in Nifty in the range of 18500-18605 while profits in Bank Nifty can be booked closer to 43000. We havve been bullish in Nifty from 16950 levels. Stock specific action to continue while index may wait for further cues.” Position Sizing guide: small, Support: 18300 and 18375; Resistance: 18500 and 18605-Rahul Sharma, Head-Research, JM Financial Services
COI Nifty: up 1.6% | Long Buildup, flat volumes
COI Bank Nifty: Up 13.3% | Huge Longs, flat volumes
Nifty Options: bullish | PCR: 12.6%
Bank Nifty Options: Bullish| PCR: 1.33
FII bought: IF and SO
FII sold: SF and IO
Bank Nifty futures: COI is at highest levels since 19 Aug, while its PCR is heading towards overheated and anything above 1.40 is a good profit-booking territory.-Rahul Sharma, Head-Research, JM Financial Services
DELTACORP (PREVIOUS CLOSE: 228) BUY
For today’s trade, long position can be initiated in the range of Rs 227- 225 for the target of Rs 234 with a strict stop loss of Rs 222.
GLENMARK (PREVIOUS CLOSE: 435) BUY
For today’s trade, long position can be initiated in the range of Rs 428- 425 for the target of Rs 443 with a strict stop loss of Rs 417.
CUMMINSIND (PREVIOUS CLOSE: 1,373) BUY
For today’s trade, long position can be initiated in the range of Rs 1,356- 1,348 for the target of Rs 1,410 with a strict stop loss of Rs 1,318.
ONGC: It reported 30% fall in net profit for September quarter after the government levied windfall tax to take away gains arising from spurt in international oil and gas prices.
Bikaji Foods International: Bikaji Foods shares will debut on the bourses on 16 November.
Global Health: The operator of hospitals chain Medanta will list its equity shares on the BSE and NSE on 16 November.
“Nifty clocked yet another highest close in the current calendar year. If we meticulously observe the daily time frame chart, we can see today’s low coinciding with the ‘5-day EMA’ level. Since the slope of this key moving average is upward, the buying emerged precisely after testing it. We continue to remain sanguine and we reiterate on a new high coming soon in Nifty.” said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One.
BHEL, Delta Corp, Sun TV Network, Gujarat Narmada Valley Fertilizers and Chemicals, and Punjab National Bank are the five stocks under the NSE F&O ban list for 16 November. Securities thus banned under the F&O segment include companies where derivative contracts have crossed 95 percent of the market-wide position limit.
Foreign institutional investors (FIIs) have net offloaded shares worth Rs 221.32 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 549.28 crore on Tuesday, according to the provisional data available on the NSE.
“Rally gathered pace towards the closing hours after trading range-bound for a major part of the trading session. Majority of the European and Asian indices logged gains, which had a rub-off effect on the local benchmarks. Sharp fall in the crude oil prices and the strengthening rupee against the dollar boosted investors' confidence. With domestic inflation showing signs of cooling, traders are hoping that the RBI in next month's policy meeting may take a dovish stance in its rate-setting decision. For the trend-following traders, 18300 would be the sacrosanct support level. Above which, the index could rally till 18500-18600. On the flip side, if the index trades below 18300, the chances of hitting 18230-18200 would turn bright,”-Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
“Markets gathered bullish momentum towards the closing stages after exhibiting a range-bound trend for most part of the trading session. ‘Cooling Inflation-Sparked Rally’ should ideally take Nifty to its all-time-high at 18605 mark and then aggressive targets at psychological 19000 mark.”-Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd
Shares in the Asia-Pacific fell on Wednesday as world leaders gathered in Bali, Indonesia for a second day of the Group of 20 Summit. Polish authorities said a Russian-made missile killed two citizens, which president Andrzej Duda described as “an isolated incident,” adding an investigation is underway. The Nikkei 225 in Japan dropped 0.76% and the Topix fell 0.56%. South Korea’s Kospi slipped 1.08% and Australia’s S&P/ASX 200 shed 0.43%. In Hong Kong, the Hang Seng index and the Hang Seng Tech index fell around 1% in early trade. Mainland China’s Shanghai Composite was fractionally lower and the Shenzhen Component slipped 0.289%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.65%.
Wall Street's main indices gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland that sparked volatility, as investors seized on softer-than-expected inflation data that raised hopes of a pullback in rate hikes by the US Federal Reserve. The Dow Jones Industrial Average rose 56.22 points, or 0.17 percent, to 33,592.92, the S&P 500 gained 34.48 points, or 0.87 percent, to 3,991.73 and the Nasdaq Composite added 162.19 points, or 1.45 percent, to 11,358.41.
Nifty futures traded 84 pts, or 0.45% lower at 18,410.50 on the Singapore Exchange, signaling that Dalal Street was headed for a flat to negative start.