Share Market Updates Today: Indian equity benchmarks finished on a higher note today amid a volatile trading session. Asian stocks mostly declined as Japan's Nikkei fell 0.40 per cent, South Korea's Kospi moved 0.49 per cent lower and China's Shanghai Composite slipped 0.07 per cent. Hong Kong's Hang Seng index, however, jumped 3.38 per cent. Overnight, Wall Street edged lower. US stock futures were flat, indicating a muted opening for Wall Street later today. S&P futures edged 0.10 per cent, Nasdaq futures crawled 0.21 per cent and Dow Futures remained unchanged. Back home, foreign institutional investors sold a net of Rs 1,241.87 crore equities on Wednesday, while domestic investors purchased Rs 388.85 crore worth of shares, as per provisional NSE data.
Here are the share market highlights:
Share market breadth
The overall market breadth stood positive as 1,853 shares advanced while 1,634 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 289.71 lakh crore.
Bank stocks outperform
10 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty PSU Bank, Nifty Private Bank and Nifty Bank outperformed the NSE platform by rising as much as 3.81 per cent, 1.17 per cent and 1.16 per cent, respectively. In contrast, Nifty Pharma and Nifty IT fell 1.10 per cent and 0.24 per cent, each.
Mid and small-cap stocks
Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 rose 0.61 per cent and small-cap climbed 0.33 per cent.
Plumbing Industry Body IPA inks two agreements for water conservation, zero wastage
Plumbing industry body IPA has entered into an agreement with Indian Institute of Architects (IIA) to develop a roadmap for water conservation and and tackle wastage of the natural resources. The Indian Plumbing Association (IPA) has also entered into a memorandum of understanding (MoU) with Singapore Plumbing Society (SPS) to meet goals like zero wastage of water through various proactive measures, the industry body said
Top gainers & losers on NSE
On the stock-specific front, Axis Bank was the top Nifty gainer as the stock soared 2.77 per cent to close at Rs 940. IndusInd Bank, Eicher Motors, L&T and Hindalco were also among the gainers. In contrast, Sun Pharma, Divi's Lab, PowerGrid, HDFC Life and TCS were among the top laggards.
Share market closing
Sensex rises 160 points or 0.26 per cent to close at 62,571, Nifty moves 49 points or 0.26 per cent higher to settle at 18,609
Share market update
Sensex rises 123 points or 0.20 per cent to trade at 62,534, Nifty moves 38 points or 0.21 per cent lower to trade at Rs 18,599; Axis Bank, IndusInd Bank, L&T, ONGC, Eicher Motors top gainers
Bank of India up 7%
Shares of Bank of India soared 7.22 per cent to trade at Rs 99.65. The stock hit a day high of Rs 100. A total of 38.19 lakh shares changed hands on BSE today, amounting to a turnover of Rs 37.18 crore. The market capitalisation of the company stood at Rs 40,789.45 crore.
NDTV shares slipped 4% today
NDTV stock slipped 3.63% to Rs 344.40 in early trade against the previous close of Rs 357.40 on BSE. The stock opened 3.18% lower at Rs 346.05 today. (Read more)
Venky's India shares zoom 14%
Shares of Venky's India soared 14.72 per cent to trade at Rs 2,079.90. The stock hit a day high of Rs 2,098. A total of 41,000 shares changed hands on BSE today, amounting to a turnover of Rs 8.27 crore. The market capitalisation of the company stood at Rs 2,930.03 crore.
Share market update
Sensex up 59 points or 0.09 per cent to trade at 62,469, Nifty moves 24 points or 0.13 per cent higher to trade at 18,585; Sun Pharma, Kotak Mahindra Bank, PowerGrid, HDFC Life, TCS among top drags
Bank of Baroda shares jump 5%
Shares of Bank of Baroda jumped 5.44 per cent to trade at Rs 186.10. The stock hit a day high -- also its 52-week high -- of Rs 186.50. A total of 17.09 lakh shares changed hands on BSE today, amounting to a turnover of Rs 31.10 crore. The market capitalisation or m-cap of the company stood at Rs 96,316.62 crore.
Godfrey Phillips India up 6%
Shares of Godfrey Phillips India jumped 6.11 per cent to trade at Rs 1,899.35. The stock hit a day high -- also its 52-week high -- of Rs 1,923.15. A total of 26,000 shares changed hands on BSE today, amounting to a turnover of Rs 4.80 crore. The market capitalisation of the company stood at Rs 9,875.47 crore.
Stocks at one-year highs: 17 BSE 500 stocks hit 52-week highs
BSE 500 stocks such as Aditya Birla Capital, Axis Bank, Bank of Baroda, Bank of India, Blue Star, Central Bank of India, Cummins India, Godfrey Phillips India, JK Lakshmi Cement, L&T, NLC India, PFC, RCF, REC Ltd, Redington, UBL and UCO Bank hit their 52-week high levels today.
Most active stocks
PNB, HCC, Yes Bank, Central Bank of India, Suzlon, UCO Bank, Bank of India, Brightcom Group, Bank of Baroda and Indian Overseas Bank were the most active stocks on the NSE platform, in terms of volume.
Share market update
Sensex rises 202 points or 0.32 per cent to trade at 62,613, Nifty moves 62 points or 0.33 per cent higher to trade at 18,622; Eicher Motors, Axis Bank, IndusInd Bank, M&M, ICICI Bank among top gainers
Dharmaj Crop Guard Ltd market debut
Shares of Dharmaj Crop Guard Ltd staged a decent market debut today. The stock got listed at Rs 266, a 12.24 per cent premium against the issue price of Rs 237.
Share market breadth
The overall market breadth stood strong as 1,805 shares were seen advancing while 980 were declining on BSE.
Sectoral indices' performance
Four out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the red. Sub-indexes Nifty IT and Nifty Pharma were underperforming the NSE platform by falling 0.45 per cent and 0.19 per cent, respectively. On the flip side, Nifty PSU Bank climbed 1.34 per cent.
Mid & small cap indexes
Mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.28 per cent and small-cap climbed 0.25 per cent.
Top gainers and losers on NSE
SBI Life, PowerGrid, Kotak Mahindra Bank, HDFC Life and Tata Motors were among the top laggards on the NSE platform today with their shares down as much as 1.35 per cent. In contrast, Eicher Motors, L&T, M&M, Apollo Hospitals and Adani Enterprises were among the top gainers.
Share market opening
Sensex slips 27 points or 0.04 per cent to trade at 62,384, Nifty moves 10 points or 0.05 per cent lower to trade at 18,551
Oil prices rise
Brent crude futures rose 61 cents, or 0.79 per cent, to $77.78 per barrel, while US West Texas Intermediate crude futures moved 65 cents, or 0.90 per cent higher, to $72.66. The benchmark Brent crude futures fell below $80 for the second time in 2022.
Stocks to watch:
Infosys: The IT services company commenced its fourth share buyback amounting to Rs 9,300 crore. The buyback would be at a price not more than Rs 1,850 per equity share with a face value of Rs 5 each.
HCL Tech: The company tied up with Intel and Mavenir to develop and deliver private 5G enterprise network solutions for communication service providers and broader cross-vertical enterprises.
ONGC: Arun Kumar Singh has been appointed as the chairman and managing director of ONGC. The company has also signed an MoU with Shell for carbon capture, utilisation and storage.
Inox Wind: Promoters infused Rs 623 crore in the company and later repaid Gujarat Fluorochemicals.
Ujjivan Small Finance Bank: Reserve Bank of India (RBI) approved the reappointment of Ittira Davis as managing director and chief executive officer for a period of two years.
Macrotech Developers: The company plans to raise $450 million via qualified institutional placement that would see the controlling family sell a 7 per cent stake.
Axis Bank: The private lender to raise up to Rs 12,000 crore through the sale of Basel III compliant Tier-II bonds.
Dharmaj Crop Guard to list today
Shares of Dharmaj Crop Guard would make stock market debut today. The IPO, which was sold in the Rs 216-237 range, was a hit among investors, as the issue received 35.49 times bids, led largely by strong participation from HNIs and qualified institutional buyers (QIBs). The quota reserved for non-institutional institutional investors was subscribed 52.29 times; QIB quota was subscribed 48.21 times while the quota reserved was subscribed 21.53 times. The quota reserved for employees received 7.48 times bids.
US stocks
S&P 500 index slipped 0.19 per cent to end the session at 3,933.92. Nasdaq moved 0.51 per cent lower to close at 10,958.55. Dow Jones inched 0.004 per cent higher to settle at 33,597.92.
Stocks in F&O ban
GNFC, Indiabulls Housing Finance and Punjab National Bank (PNB) are in F&O (Futures and Options) ban period today. Stocks are placed under F&O ban when the derivative contracts in their securities cross 95 per cent of the market-wide position limit.
FII-DII data
Foreign institutional investors (FIIs) sold Rs 1,241.87 crore worth of shares, while domestic institutional investors (DIIs) purchased Rs 388.85 crore worth of shares on December 7, provisional NSE data showed.
SGX Nifty
Trends on SGX Nifty indicated a slightly lower opening for the domestic markets. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 12 points or 0.06 per cent to trade at 18,660.
Previous session
The benchmark BSE Sensex had declined 215 points or 0.34 per cent to close at 62,411 on Wednesday, while the broader NSE Nifty had moved 82 points or 0.44 per cent down to settle at 18,561.