 "Sensex snaps 3-day rally, ends 191pts lower; Data Patterns up 28% on debut")
Closing Bell
The key benchmark indices snapped their 3-day winning run as traders preferred to book profits following the recent smart gains, given the unpredictable news flow around the Omicron threat.
The BSE benchmark index had touched a high of 57,624 in opening trades helped positive overseas cues, but soon dipped into red and dropped to a low of 56,813 - down 810 points from the day's high. The BSE index, thereafter, did recoup losses in intraday deals but eventually ended 191 points lower at 57,124.
In the process, the BSE Sensex ended the week with a marginal gain of 84 points.
The NSE Nifty moved in a range of 246 points, from a high of 17,156, the index tested a low of low of 16,910 and finally finished with a loss of 69 points at 17,004.
HCL Technologies was the top gainer among the Sensex 30 stocks, it gained 3 per cent at 1,265 on the back of heavy volumes amid buzz that the promoters were suppose to buyback shares from the open market at a 5 per cent premium. READ MORE
Market Dashboard: Snapshot of key movers and shakers in trade today
Tech Mahindra was the other major gainer, up 2.3 per cent. Asian Paints, Wipro, Infosys and ITC were the other notable gainers.
On the flip side, NTPC shed 2.7 per cent and was the top Sensex loser. Mahindra & Mahindra, Kotak Bank, UltraTech Cement, Axis Bank, Bajaj Finserv, HDFC, PowerGrid Corporation, IndusInd Bank, Tata Steel, Dr.Reddy's, Larsen & Toubro, SBI and Sun Pharma were the other prominent losers, all down over
a per cent each.
Debutant, Data Patterns (India) Ltd surged to a high of Rs 864 on debut, a solid 47.7 per cent premium to its issue price of Rs 585. The vertically integrated defense and aerospace electronics solutions provider, thereafter pared some gains, but still ended with a smart gain of 28.3 per cent at Rs 750. READ MORE
Click here for more market news
In the broader markets, the BSE Midcap and Smallcap indices ended with losses of 1.2 per cent and 0.6 per cent, respectively. The overall breadth too was slightly negative, with 1,767 stocks declining versus 1,563 advancing shares on the BSE.
In the broader market, L&T Finance Holdings tanked 6.7 per cent to Rs 77.10 on heavy volumes after the company announced stake sale in its Asset Management business. The company has entered into a definitive agreement with HSBC Asset Management India (HSBC AMC) to sell its wholly-owned subsidiary L&T Investment Management (LTIM) for an aggregate amount of $425 million. READ MORE
Among sectoral indices, the BSE Power index slumped 1.8 per cent. The Realty and Oil & Gas indices were the other major losers. The Auto index and Bankex were down nearly a per cent each. The IT index, however, finished 0.7 per cent higher.
_____________________________________________________________________________________________
Markets at Lunch (02:30 PM)
LIVE market updates: The key benchmark indices erased losses, and were hovering near the previous day's close led by a fresh round of buying in IT shares and index heavyweights ITC and Reliance.
The BSE Sensex, which, touched a low of 56,813, was down 38 points at 57,277, and the NSE Nifty was down 31 points at 17,042.
HCL Technologies has surged 3.3 per cent to Rs 1,267, and Tech Mahindra has gained 1.8 per cent. ITC, Reliance Industries and Asian Paints were the other notable gainers.
On the negative side, NTPC slipped 2 per cent. Mahindra & Mahindra, UltraTech Cement, Dr.Reddy's, Sun Pharma, Kotak Bank and Bajaj Finserv were the other prominent losers.
In the broader market, Radico Khaitan hit a record high of Rs 1,233.85, and the stock had gained nearly 18 per cent in the last four trading sessions on expectations of a strong earnings performance in the October-December quarter, in view of robust demand for its products. READ MORE
Meanwhile, European markets had started the day on a quiet note. The FTSE 100 and CAC 40 were flat.
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Markets at Lunch (01:30 PM)
LIVE market updates: The key benchmark indices continued to languish in the negative terriroty, as traders preferred to take home some profits following the three-day rally.
The BSE Sensex was down 331 points at 56,984, and the NSE Nifty had slipped 115 points to 16,958.
The broader indices were also considerably in red - the BSE Midcap and Smallcap were down 1.2 per cent and 0.6 per cent, respectively. The overall breadth too was negative with 1,840 stocks declining versus 1,394 advancing shares on the BSE.
Among sectoral indices, the BSE Bankex, Oil & Gas, Power and Realty indices were down around 1.5 per cent each. The Metal and Healthcare indices were down a per cent each.
In the broader markets, PTL Enterprises, Smartlink Holdings, Ceinsys Tech, Link Pharma, GP Petroleums, D-Link India, ISGEC Heavy Engineering, Vakrangee, MTNL, Sharda Corp, LT Foods, Hindustan Construction and Firstsource were the major gainers.
On the flip side, Nothern Spirits, SBL Infratech, L&T Finance Holdings, GPT Infra, Tarapur Transformers, VRL Logistics, Biocon, Mahindra Lifescpace, JB Chemicals, Paisalo, GSFC, M&M Finance, Rama Steel Tubes, Shriram Properties and Future Enterprises were the major losers.
Elsewhere in Asia, the major markets ended on a tepid note. Shanghai Composite slipped 0.7 per cent. straits Times moved up 0.4 per cent, and Kospi added 0.5 per cent. Hang Seng, Nikkei and Taiwan were almost flat at close.
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Markets at noon
LIVE market updates: The benchmark indices remained tepid amid a weak market sentiment. The BSE Sensex was hovering around the 57,000 level, down 250 points, while the NSE Nifty 50 stayed below the 17,000-mark, down 0.5 per cent
The broader markets were also largely in the red zone. The BSE MidCap index was down 1 per cent with index constiutents Biocon, banking and financials such as L&T Finance Holdings, Canara Bank, Union Bank, RBL Bank, Mahindra & Mahindra Finance down 2.5-7 per cent.
The BSE SmallCap index was also trading 0.5 per cent lower. All the broader indices on the NSE too remained negative led by Nifty MiCap 50, and MidCap 100, down 1 per cent each.
Among individual stocks, the shares of Ajanta Pharma rose up to 5 per cent on the BSE after the company said its board will meet on Tuesday, December 28 to consider a share buyback plan. READ MORE.
That apart, the shares of Ceinsys Tech (formerly ADCC Infocad) were locked in the 20 per cent upper circuit for the second straight day, at Rs 253.25, hitting a record high on the BSE. READ MORE
Asian markets
__________________________________________________________________________________________
Markets at 10 AM
LIVE market updates: Frontline indices were at the day's low and were down around 0.7 per cent as selling pressure ensued across all, but IT sector. The BSE Sensex was trading over 400 points down at 56,875 levels, while the Nifty 50 was hovering around the 16,900-mark.
The broader indices were also in the red zone. The BSE MidCap and SmallCap indices fell by up to 0.9 and 0.6 per cent, respectively.
The major losers were banking stocks, including IndusInd Bank, Kotak Bank, SBI, Bajaj twins, and Axis Bank, that were down 1-2 per cent on the NSE. The IT index too pared gains and was now 0.4 per cent higher.
New listing: Data Patterns (India) Ltd (DPL) has made a strong market debut, with its shares listed at Rs 864, a 48 per cent premium over its issue price of Rs 585 per share on the BSE. The stock opened at Rs 856.05, 46 per cent higher against the issue price on the National Stock Exchange (NSE). READ MORE
___________________________________________________________________________________________
Opening Bell
Pre-open session
LIVE market updates: With support from robust global cues as investors look past Omicron fears, the benchmark indices are expected to start on a positive note for the fourth day. Reduced FII outflows in the last few days is an added factor likely to support the up move.
Data Patterns (India) is set to debut on a stellar note today. The IPO had received strong response with subscription of more than 111 times. The Grey Market Premium (GMP) indicates a likely 45-50 per cent listing gain versus the issue price of Rs 585 per share.
The key benchmark indices snapped their 3-day winning run as traders preferred to book profits following the recent smart gains, given the unpredictable news flow around the Omicron threat.
The BSE benchmark index had touched a high of 57,624 in opening trades helped positive overseas cues, but soon dipped into red and dropped to a low of 56,813 - down 810 points from the day's high. The BSE index, thereafter, did recoup losses in intraday deals but eventually ended 191 points lower at 57,124.
In the process, the BSE Sensex ended the week with a marginal gain of 84 points.
The NSE Nifty moved in a range of 246 points, from a high of 17,156, the index tested a low of low of 16,910 and finally finished with a loss of 69 points at 17,004.
HCL Technologies was the top gainer among the Sensex 30 stocks, it gained 3 per cent at 1,265 on the back of heavy volumes amid buzz that the promoters were suppose to buyback shares from the open market at a 5 per cent premium. READ MORE
Market Dashboard: Snapshot of key movers and shakers in trade today
Tech Mahindra was the other major gainer, up 2.3 per cent. Asian Paints, Wipro, Infosys and ITC were the other notable gainers.
On the flip side, NTPC shed 2.7 per cent and was the top Sensex loser. Mahindra & Mahindra, Kotak Bank, UltraTech Cement, Axis Bank, Bajaj Finserv, HDFC, PowerGrid Corporation, IndusInd Bank, Tata Steel, Dr.Reddy's, Larsen & Toubro, SBI and Sun Pharma were the other prominent losers, all down over
a per cent each.
Debutant, Data Patterns (India) Ltd surged to a high of Rs 864 on debut, a solid 47.7 per cent premium to its issue price of Rs 585. The vertically integrated defense and aerospace electronics solutions provider, thereafter pared some gains, but still ended with a smart gain of 28.3 per cent at Rs 750. READ MORE
Click here for more market news
In the broader markets, the BSE Midcap and Smallcap indices ended with losses of 1.2 per cent and 0.6 per cent, respectively. The overall breadth too was slightly negative, with 1,767 stocks declining versus 1,563 advancing shares on the BSE.
In the broader market, L&T Finance Holdings tanked 6.7 per cent to Rs 77.10 on heavy volumes after the company announced stake sale in its Asset Management business. The company has entered into a definitive agreement with HSBC Asset Management India (HSBC AMC) to sell its wholly-owned subsidiary L&T Investment Management (LTIM) for an aggregate amount of $425 million. READ MORE
Among sectoral indices, the BSE Power index slumped 1.8 per cent. The Realty and Oil & Gas indices were the other major losers. The Auto index and Bankex were down nearly a per cent each. The IT index, however, finished 0.7 per cent higher.
_____________________________________________________________________________________________
Markets at Lunch (02:30 PM)
LIVE market updates: The key benchmark indices erased losses, and were hovering near the previous day's close led by a fresh round of buying in IT shares and index heavyweights ITC and Reliance.
The BSE Sensex, which, touched a low of 56,813, was down 38 points at 57,277, and the NSE Nifty was down 31 points at 17,042.
HCL Technologies has surged 3.3 per cent to Rs 1,267, and Tech Mahindra has gained 1.8 per cent. ITC, Reliance Industries and Asian Paints were the other notable gainers.
On the negative side, NTPC slipped 2 per cent. Mahindra & Mahindra, UltraTech Cement, Dr.Reddy's, Sun Pharma, Kotak Bank and Bajaj Finserv were the other prominent losers.
In the broader market, Radico Khaitan hit a record high of Rs 1,233.85, and the stock had gained nearly 18 per cent in the last four trading sessions on expectations of a strong earnings performance in the October-December quarter, in view of robust demand for its products. READ MORE
Meanwhile, European markets had started the day on a quiet note. The FTSE 100 and CAC 40 were flat.
_________________________________________________________________________________________
Markets at Lunch (01:30 PM)
LIVE market updates: The key benchmark indices continued to languish in the negative terriroty, as traders preferred to take home some profits following the three-day rally.
The BSE Sensex was down 331 points at 56,984, and the NSE Nifty had slipped 115 points to 16,958.
The broader indices were also considerably in red - the BSE Midcap and Smallcap were down 1.2 per cent and 0.6 per cent, respectively. The overall breadth too was negative with 1,840 stocks declining versus 1,394 advancing shares on the BSE.
Among sectoral indices, the BSE Bankex, Oil & Gas, Power and Realty indices were down around 1.5 per cent each. The Metal and Healthcare indices were down a per cent each.
In the broader markets, PTL Enterprises, Smartlink Holdings, Ceinsys Tech, Link Pharma, GP Petroleums, D-Link India, ISGEC Heavy Engineering, Vakrangee, MTNL, Sharda Corp, LT Foods, Hindustan Construction and Firstsource were the major gainers.
On the flip side, Nothern Spirits, SBL Infratech, L&T Finance Holdings, GPT Infra, Tarapur Transformers, VRL Logistics, Biocon, Mahindra Lifescpace, JB Chemicals, Paisalo, GSFC, M&M Finance, Rama Steel Tubes, Shriram Properties and Future Enterprises were the major losers.
Elsewhere in Asia, the major markets ended on a tepid note. Shanghai Composite slipped 0.7 per cent. straits Times moved up 0.4 per cent, and Kospi added 0.5 per cent. Hang Seng, Nikkei and Taiwan were almost flat at close.
__________________________________________________________________________________________
Markets at noon
LIVE market updates: The benchmark indices remained tepid amid a weak market sentiment. The BSE Sensex was hovering around the 57,000 level, down 250 points, while the NSE Nifty 50 stayed below the 17,000-mark, down 0.5 per cent
The broader markets were also largely in the red zone. The BSE MidCap index was down 1 per cent with index constiutents Biocon, banking and financials such as L&T Finance Holdings, Canara Bank, Union Bank, RBL Bank, Mahindra & Mahindra Finance down 2.5-7 per cent.
The BSE SmallCap index was also trading 0.5 per cent lower. All the broader indices on the NSE too remained negative led by Nifty MiCap 50, and MidCap 100, down 1 per cent each.
Among individual stocks, the shares of Ajanta Pharma rose up to 5 per cent on the BSE after the company said its board will meet on Tuesday, December 28 to consider a share buyback plan. READ MORE.
That apart, the shares of Ceinsys Tech (formerly ADCC Infocad) were locked in the 20 per cent upper circuit for the second straight day, at Rs 253.25, hitting a record high on the BSE. READ MORE
Asian markets
Shares in the Asia-Pacific region were mixed, as some major markets including Hong Kong and Singapore, closed early for Christmas Eve.
Hong Kong’s Hang Seng index advanced 0.13% to close at 23,223.76. On the other hand, chinese stocks declined. The Shanghai composite fell 0.38% while the Shenzhen component dipped 0.737%.
In Japan, the Nikkei sat fractionally higher while the Topix index shed earlier gains to decline about 0.1%. South Korea’s Kospi gained 0.61%.
__________________________________________________________________________________________
Markets at 10 AM
LIVE market updates: Frontline indices were at the day's low and were down around 0.7 per cent as selling pressure ensued across all, but IT sector. The BSE Sensex was trading over 400 points down at 56,875 levels, while the Nifty 50 was hovering around the 16,900-mark.
The broader indices were also in the red zone. The BSE MidCap and SmallCap indices fell by up to 0.9 and 0.6 per cent, respectively.
The major losers were banking stocks, including IndusInd Bank, Kotak Bank, SBI, Bajaj twins, and Axis Bank, that were down 1-2 per cent on the NSE. The IT index too pared gains and was now 0.4 per cent higher.
New listing: Data Patterns (India) Ltd (DPL) has made a strong market debut, with its shares listed at Rs 864, a 48 per cent premium over its issue price of Rs 585 per share on the BSE. The stock opened at Rs 856.05, 46 per cent higher against the issue price on the National Stock Exchange (NSE). READ MORE
___________________________________________________________________________________________
Opening Bell
LIVE market updates: Benchmark indices started on a muted note on Friday. The BSE Sensex was around 57,300, down 10 points while the Nifty50 was little changed at 17,050.
In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.45 per cent.
Among sectoral indices, IT bucked the overall trend and was the only major gainer, up 1 per cent. All other indices remained in the red zone.
The volatility index was also higher by 2 per cent at around 16 levels, indicating weak investor sentiment.
Among individual stocks, HCL Technology was the sole gainer on the Sensex, up over 2 per cent. As per reports, the promoters of the company will buy 4.5 million shares of the firm via open market.
Other gainers also included IT majors Wipro, Infosys and TCS.
Banking and financial stocks were largely in the red zone with IndusInd Bank, SBI, Kotak and Axis down 1 per cent each on the Nifty50.
L&T Finance Holdings was trading over 4 per cent lower on the BSE. The company on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) for $425 million. LTIM is the investment manager of the mutual fund business of L&T.
____________________________________________________________________________________________
In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.45 per cent.
Among sectoral indices, IT bucked the overall trend and was the only major gainer, up 1 per cent. All other indices remained in the red zone.
The volatility index was also higher by 2 per cent at around 16 levels, indicating weak investor sentiment.
Among individual stocks, HCL Technology was the sole gainer on the Sensex, up over 2 per cent. As per reports, the promoters of the company will buy 4.5 million shares of the firm via open market.
Other gainers also included IT majors Wipro, Infosys and TCS.
Banking and financial stocks were largely in the red zone with IndusInd Bank, SBI, Kotak and Axis down 1 per cent each on the Nifty50.
L&T Finance Holdings was trading over 4 per cent lower on the BSE. The company on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) for $425 million. LTIM is the investment manager of the mutual fund business of L&T.
____________________________________________________________________________________________
Pre-open session
LIVE market updates: Frontline indices were trading higher in the pre-market session on Friday, extending yesterday's rally. The BSE Sensex was up 250 points at 57,567 level, while the Nifty50 was at 17,149, up 77 points.
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______________________________________________________________________________________________
LIVE market updates: With support from robust global cues as investors look past Omicron fears, the benchmark indices are expected to start on a positive note for the fourth day. Reduced FII outflows in the last few days is an added factor likely to support the up move.
At 8:25 AM, SGX Nifty was quoting at 17,210 compared with Nifty's spot close of 17,072 on Thursday.
New listing
Data Patterns (India) is set to debut on a stellar note today. The IPO had received strong response with subscription of more than 111 times. The Grey Market Premium (GMP) indicates a likely 45-50 per cent listing gain versus the issue price of Rs 585 per share.
Global cues
On Thursday, the S&P 500 index rallied to a record high, up 0.6 per cent, as Omicron The Dow Jones jumped 0.6 per cent, and the Nasdaq advanced 0.9 per cent. The US markets will be shut for trading tonight on account of the Christmas holiday.
Oil prices too rose to a 4-week high on Thursday amid hopes that even the worst effect of Omicron could be containable. Brent Crude surged 2.1 per cent to $765.85 a barrel and WTI crude jumped 1.4 per cent to $73.79 a barrel.
The Asian markets this morning were seen holding marginal gains. The Nikkei and Hang Seng were up 0.2 per cent and 0.3 per cent, respectively, while Shanghai was flat. Kospi gained 0.6 per cent, Taiwan added 0.4 per cent and Straits Times was up 0.2 per cent.
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