Sensex down 450 points, ifNty below 12,050; FMCG, auto, banking stocks decline

Share/Stock Market, Sensex Today, Commodity Market Live Updates: Watch this space to stay updated on Sensex, Nifty, rupee, gold and oil prices.

Share/Stock Market, Sensex, Commodity Market Live Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended on their opening losses and are now trading over 1 per cent lower dragged down by the shares of fast-moving consumer goods (FMCG), automobiles and banking stocks.

At 12:04 pm, the S&P BSE Sensex was down 439.89 points or 1.07 per cent at 40,690.28, while the Nifty 50 index was at 12,025.85, down 125.30 points or 1.03 per cent.

Among sectors, the Nifty Auto index was the top loser in the morning trade on Friday slipping 0.8 per cent weighed by TVS Motor Company and Maruti Suzuki India. It was closely followed by Nifty FMCG index which was down 0.77 per cent dragged by Britannia Industries and Jubilant Foodworks. The Nifty Bank index too was down over 0.5 per cent weighed by State Bank of India (SBI) Kotak Mahindra Bank and ICICI Bank.

Market participants will now look forward to the Gross Domestic Product (GDP) data for the quarter ended September, which is scheduled to be released later today so as to get a better understanding of the state of India’s economy.

Top factors you need to know before the Opening Bell

Global cues, stock-specific action, and foreign fund flow will be the top factors that will give direction to the markets today.

The rally in telecom stocks could continue for the fourth straight session after Reliance Jio joined rivals Vodafone Idea and Airtel in announcing an increase in tariffs over the next few weeks. The share price of Vodafone Idea has surged 130 per cent while Bharti Airtel has gained 25 per cent in the last three trading sessions after announcing tariff hikes.


In another major news, private sector lender YES Bank has reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report for 2018-19. According to the bank, it has already classified as NPA Rs 1,259 crore as on September 30, setting aside Rs 346 crore of provisions.

That apart, market participants will also track oil price movement, the value of rupee against the dollar, and foreign fund flow.

Global markets:

In US, major indexes fell from record levels on Tuesday as US President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached with Beijing. The Dow Jones Industrial Average fell 0.36 per cent, the S&P 500 lost 0.06 per cent, and the Nasdaq Composite added 0.24 per cent.

Asian shares also lumbered lower on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.25 per cent. Japan's Nikkei eased 0.2 per cent and South Korea 0.4 per cent. The SGX Nifty was also trading lower in the early hours, indicating a subdued start for the domestic indices.

In commodities, Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 per cent overnight.

Yesterday, benchmark indices ended with nearly half a per cent gains. The S&P BSE Sensex added 186 points to settle at 40,470, and the broader Nifty50 index ended at 11,940 levels, up 57 points.

Here's a trading idea by Religare Broking who recommend buying HPCL around Rs 288-290 for a target of Rs 305 with stoploss at Rs 282.

Small-caps outperform benchmarks; Corporation Bank gains 20%

Catch all the live updates of the stock markets here

Markets were volatile, but were trading higher in the morning trade on Tuesday.

The benchmark S&P BSE Sensex was at 40,400 level supported by buying in index heavyweights. Bharti Airtel, the top performer, gained over 4 per cent after the company said it would hike tariff from December 1 to arrest revenue fall. On the downside, Vedanta slipped over 1 per cent to trade as the top loser.

On the NSE, the broader Nifty50 was testing 11,900-mark.

On the sectoral front, indices were trading mixed. Nifty Private Bank index jumped the most, up 0.53 per cent on NSE, while Nifty Metal index declined over 0.7 per cent.

In the broader market, the small-caps were faring better with the S&P BSE Small-cap index up 0.45 per cent. The S&P BSE Mid-cap index, however, was trading unchanged.

BUZZING STOCKS

Shares of SBI Life Insurance Company slipped over 6 per cent in the opening deals on Tuesday after reports said 3.37 crore shares or 3.4 per cent equity worth Rs 3,222 crore of the company traded in multiple block deals at an average price of Rs 945 per share.

Shares of Zee Entertainment slipped up to 2.7 per cent to Rs 286 on the BSE on Tuesday after Brickwork Rating agency downgraded the company's 6 per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating. 

Stocks of telecom operators Bharti Airtel and Vodafone Idea surged in Tuesday's early morning trade after the two firms announced they will hike tariffs, starting December 1. While Airtel's shares climbed 5 per cent to Rs 430.80 apiece to log a fresh 52-week high, Vodafone Idea zoomed 20 per cent to Rs 5.35 on the BSE

Nifty below 11,900, Sensex slips in red; RComm, BPCL in focus

Among sectors, Nifty Pharma along with the metal index are up 1 percent each while FMCG and auto stocks dragged.
As market consolidates these 10 large, midcaps could give 10-29% return in the next 12 months
Markets oscillated in a range and settled almost flat, in continuation to the prevailing consolidation phase. The week was a holiday-shortened one and weak local cues combined with not so encouraging global markets kept the volatility high across the board. However, resilience in the banking space, which holds considerable weightage in the index, helped the benchmark to sustain at the higher levels while other sectoral indices witnessed mixed trend. Among the benchmark indices, Nifty settled at 11,895; down by 0.11 percent.

There’s no major data lined up on the domestic front in the following week and markets will continue to dance to the global tunes. On global front, investors would keep an eye on progress of US-China trade deal, which is lingering from quite some time and minutes of the FOMC meet on November 21. In addition, fluctuation in crude oil price and currency would also induce some volatility in the markets.

Indications are in the favour of further consolidation and we expect Nifty to continue hover within 11,700-12,100 range. Having said that, we feel it’s a healthy pause and the overall trend would remain positive. Besides, the buoyancy in banking index is pointing towards strong possibility of Nifty testing a newer high in weeks to come. Meanwhile, volatility would remain high on the stock-specific front thus we advise maintaining balanced approach in trading, by keeping few shorts as well.

Sensex up over 100 points

The benchmark Sensex advanced by over 100 points in morning trade today, building on yesterday’s recovery, as investors and domestic institutions widened their bets amid mixed global cues.

The Nifty opened 15 points up at 8,407 while the Sensex opened 54 points up at 27,171.

Short-covering by speculators ahead of January monthly derivatives contract expiry added to the upward move.

Moreover, encouraging earnings numbers from India’s fourth—largest software services exporter, HCL Technologies, too added to the cheer.

The NSE Nifty also recaptured the 8,400—mark.

The BSE 30—share barometer advanced 106.96 points, or 0.39 per cent, to 27,224.30. The gauge had gained 82.84 points in the previous session at about 10 am.

Sectoral indices led by consumer durables, power, banking, PSU, capital goods and metal stocks were in the green, adding up to 1.28 per cent.

The NSE Nifty went past the 8,400-mark by rising 38.90 points, or 0.46 per cent, to 8,430.40. Volatility was a tad down with the India Vix ruling at 15.7750.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for the third quarter ended December 2016.

Brokers said increased buying in select stocks coupled with covering—up of outstanding short positions ahead of the January month derivatives expiry had a positive impact.

A mixed trend on other Asian bourses too influenced sentiments, they said.

In the Asian region, Hong Kong’s Hang Seng was up 0.30 per cent, while Shanghai Composite index edged down 0.09 per cent in early trade today. Japan’s Nikkei fell 0.07 per cent.

The US Dow Jones Industrial Average ended lower by 0.14 per cent in yesterday’s trade. PTI KPS DP JM 01240953

A report by IFA Global said "Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 75 points and Nikkei index is trading lower by 13 points as major global indices remained under pressure post-Trump inauguration speech.US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 27 points and Nasdaq index closed lower by 2 points. U.S. equities closed lower as U.S. President Donald Trump's focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency.European stock markets closed in the red, with FTSE closed lower by 47 points and CAC lower by 29 point. European markets ended the day lower following weak global cues.

Sensex slips over 100 points

The INDIA VIX is up 1.10% at 15.19. S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points.

the S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points. A total of 29 stocks registered a fresh 52-week high in trade today, while 5 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.18% at 12763.7, whereas BSE Small-cap Index is trading up 0.06% at 12927.84.

Some buying activity is seen in FMCG and Realty while all other sectors are showing weakness on NSE.

Idea, Cipla, Grasim, GAIL and Yes Bank are among the gainers, whereas Axis Bank, Tata Motors, Adani Port, ICICI Bank and Infratel are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 1.10% at 15.19.

Realty stocks gain in the opening hours. Godrej Properties is the top gainer in the first half hour of trading session on Friday.

Prestige is up by almost 2.70% and is trading at Rs 169.50 per share.

Unitech is up by 1.31% trading at Rs 4.64 per share.

DLF is up by 0.83% trading at Rs 133.30 per share

Godrej Properties is trading at Rs 334.45 per share up by 1.33%.

Tata Motors DVR is down by almost 2.21 % trading at Rs 330 per share. Tata Motors DVR has seen a spurt in OI of almost 15.44%.

Live Stock Market Updates

 The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

The Indian stock market declined for a second time in as many sessions as investors sold shares of automakers, lenders and technology companies. The Nifty came under pressure as it approached its crucial resistance level of 8,200, weighed down by losses in IT, banks, and auto stocks. 

 the S&P BSE Sensex is trading at 26,524 down 72 points, while NSE Nifty is trading at 8,154 down 25 points.

The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

Power Grid, Tata Motors, Hindalco, Tata Motor DVR and Tata Power are among the gainers, whereas Bank of Baroda, Hero MotoCorp, Infosys, Wipro and SBI are losing sheen on NSE.

A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,866 stocks traded on the NSE, 509 declined, 887 advanced and 470 remained unchanged today.

Some buying is observed in metal, media and auto sectors while financial services, IT, Bank Nifty, FMCG are showing weakness on NSE.

The INDIA VIX is up 2.85% at 16.28.

India stocks higher at close of trade; Nifty 50 up 0.19%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Auto, Consumer Durables and Green Energy sectors led shares higher.
At the close in NSE, the Nifty 50 rose 0.19%, while the BSE Sensex 30 index climbed 0.17%.

The best performers of the session on the Nifty 50 were Eicher Motors Ltd. (NS:EICH), which rose 5.18% or 1046.25 points to trade at 21260.15 at the close. Meanwhile, Idea Cellular Ltd (NS:IDEA) added 4.88% or 3.70 points to end at 79.50 and Bosch Ltd (NS:BOSH) was up 4.50% or 872.45 points to 20280.00 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 1.74% or 3.10 points to trade at 175.55 at the close. AXIS Bank Ltd. (NS:AXBK) declined 1.52% or 7.20 points to end at 465.70 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 1.25% or 8.95 points to 706.20.
The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 3.96% to 5090.85, Asian Paints Ltd. (BO:ASPN) which was up 2.17% to settle at 958.40 and Bharti Airtel Ltd (BO:BRTI) which gained 2.11% to close at 324.20.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 1.59% to 465.30 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.05% to settle at 706.30 and ITC Ltd (BO:ITC) which was down 0.99% to 231.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 951 to 531 and 46 ended unchanged; on the Bombay Stock Exchange, 1545 rose and 1009 declined, while 192 ended unchanged.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 1.92% to 17.7075.
Gold for December delivery was down 0.40% or 4.80 to $1186.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.87% or 0.88 to hit $46.20 a barrel, while the February Brent oil contract fell 1.85% or 0.91 to trade at $48.30 a barrel.
USD/INR was up 0.12% to 68.660, while EUR/INR fell 0.06% to 72.7470.
The US Dollar Index was up 0.19% at 101.40.

Nifty below 8,100 mark

Live Stock Market Updates - Nifty below 8,100 mark

The BSE Mid-cap Index is trading up 0.26% at 12,031, whereas BSE Small-cap Index is trading down 0.32% at 11,802. Some buying activity is seen in oil & gas, power and energy sectors, while consumer durables, auto, banking, finance and telecom sectors are showing weakness on BSE.
The domestic market fluctuated between gains and losses as extended decline in consumer durables and select auto stocks countered a rally in energy producers. The Nifty50 opened below the 8,100 mark.

At 9:30 AM, the S&P BSE Sensex is trading at 26,159 down 69 points, while NSE Nifty is trading at 8,075, down by a mere five points.

The BSE Mid-cap Index is trading up 0.26% at 12,031, whereas BSE Small-cap Index is trading down 0.32% at 11,802.

NTPC, ONGC, Bajaj Auto, GAIL, M&M, HDFC, RIL and Maruti Suzuki are among the gainers, whereas Tata Motors, Dr Reddy's, Sun Pharmaceuticals, ITC, Adani Ports, Wipro are losing sheen on BSE.

Some buying activity is seen in oil & gas, power and energy sectors, while consumer durables, auto, banking, finance and telecom sectors are showing weakness on BSE.

The INDIA VIX is down 3.24% at 18.1025. Out of 1,851 stocks traded on the NSE, 755 declined, 661 advanced and 435 remained unchanged today.

A total of one stock registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 18 paise at 68/$ against Friday's close as against the previous close of 67.81/$. The rupee fell to its lowest level since June 24.

Asian markets opened mixed with currency weakness hitting most indices. The Japanese yen hit 110 to the US$ & led the gainers with the Nikkei index scaling 18,000 while the South Korean won led the Kospi index lower. Expect the volatility to settle down by next week as the markets adjust to the new reality of higher bond yields globally as cost of money rises.

The economic data of the US seems to justify a rate hike ‘relatively soon’ says Fed Reserve Chair Janet Yellen, who intends to serve out her full term in office. Japanese Prime Minister Shinzo Abe is set to meet US President-elect Donald Trump in New York today. Fitch Ratings warned about the uncertainty created by Trump’s campaign rhetoric, stating talks of a more unilateral foreign policy are particularly significant given US status as the world’s biggest economy and a key diplomatic and military power.

RBI has decided to expand the list of eligible debt instruments foreign portfolio investors (FPIs) are allowed to invest in and included unlisted securities such as non-convertible debentures (NCDs) and bonds issued by public or private companies.

Parliament paralysis is back in India as the political slugfest continued over the demonetisation move even as the Opposition demanded the prime minister’s presence in the Rajya Sabha.