Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%

CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each

4:15 PM

NIFTY VIEW: 18,000-18,200 tight range for index with crucial support at 17,800

Continuing with the bounce that was seen in the last couple of sessions, the Nifty attempted to inch higher on December 28. The daily chart shows that the index has moved up to retest a trendline, which was broken on the downside on Friday last week.

18150-18200 is the key resistance zone, which indeed proved to be a crucial barrier for the day. As long as the index stays below this resistance zone on a closing basis, it is likely to witness consolidation in the short term.

18000-18200 can be the tight range for the Nifty with crucial support placed at 17800.

Views by Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

4:13 PM

CLOSING VIEW: Reopening of Chinese economy cements prospects of demand recovery

Market wavered between gains and losses with investors taking their position around the flatline as mixed global cues troubled them to take a firm one-sided move.

US stocks were weak as the trade deficit data suggested strength in the economy, raising concerns about the Fed's tightening stance.

However, steps toward reopening the Chinese economy increased the prospect of demand recovery.

Views by Vinod Nair, Head of Research at Geojit Financial.

4:10 PM

Paytm ends over 4% higher at Rs 535

4:06 PM

GKB Ophthalmics rallies 20% as govt imposes import duty on ophthalmic lenses

In response to the company's plea, the govt has imposed anti-dumping duties on imports of semi-finished ophthalmic lenses from China.

4:03 PM

Adani Wilmar rallies for 3rd day; closes 5% higher on firm demand expectations

Demand seen rising amid high out-of-home consumption.

3:59 PM

Canara Bank ends 3% up on strong commentary

The bank told CNBC-TV18 that it has garnered Rs 1 lakh crore in deposits in 3 weeks, enough to sustain 20% loan growth.

3:57 PM

Hester Biosciences rises 2%; acquires technology to develop vaccine

It has acquired the technology to develop a low pathogenic Avian influenza (H9N2 strain) inactivated vaccine for poultry.

3:54 PM

Rupee ends at 82.86/$ vs Tuesday’s close of 82.85/$

3:50 PM

Mid-cap winners: Macrotech Developers, General Insurance, JSW Energy rise up to 6%

3:46 PM

Broader indices outperform; Small-caps lead gains

3:44 PM

Airtel, Apollo Hospitals, Bajaj Finserv, Axis Bank top Nifty drags

3:43 PM

UPL additional leading gainer on Nifty50

3:41 PM

HEATMAP: Titan, M&M, Power Grid, Maruti rise 1-3%

3:36 PM

CLOSING BELL: Nifty closes largely unchanged

3:33 PM

CLOSING BELL: Sensex ends with fractional downtick

 

 

3:26 PM

Hong Kong eases Covid curbs, does away with vaccine pass, tests

Hong Kong will scrap some of its COVID-19 restrictions, including PCR tests for inbound travellers and vaccination requirements to enter certain venues, the city's leader said on Wednesday. Read here.

 

3:16 PM

PODCAST: What does 2022 foretell for the Indian tech sector in 2023?

Year 2022 was an inflection point for Digital India. From Big Tech to the govt, India's digitisation drive has received a fillip in innovation and regulation. We examine the source code in this report. Listen

3:02 PM

Agrichemical exporters expected to clock better growth than domestic peers

Near-term challenges for domestic agrochemical companies could see them underperforming compared to exporters. While higher demand and currency gains should aid export growth, inventory destocking could hit their domestic peers on margins. READ ANALYSIS
 

2:53 PM

BSE 500:: Polyplex Corp, HDFC, NTPC among volume shockers

Polyplex Corporation has witnessed unusally high volume of around 2.04 lakh shares so far on the BSE as against its five-day average volume of around 11,600-odd shares. Similarly, HDFC, Saregama India, Rossari Biotech and NTPC were among the other volume toppers on Wednesday.
 

2:44 PM

China's Covid disruptions leave foreign investors worried: Report

Fresh Covid outbreak has further hampered China's supply chain, leaving foreign investors worried and weakening the country's competitiveness, the media reported on Wednesday. China is now at a critical point if it wants to defend its position as the world's major supplier of various materials, according to The South China Morning Post. READ MORE
 

2:37 PM

CBI custody of Chanda Kochhar, her husband and Dhoot extended till Dec 29

A special Central Bureau of Investigation court here on Wednesday extended till December 29 the CBI custody of former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot in connection with a loan fraud case. READ MORE

 

2:29 PM

MapmyIndia slips 4% to hit lowest level since listing; nears issue price

Shares CE Info Systems, owner of MapmyIndia, slipped 4 per cent to hit a new low of Rs 1,059 on the BSE in Wednesday’s intra-day trade. READ MORE
 

2:22 PM

Market volatility forces many companies to let go of their IPO plans

In 2022, 59 companies raised Rs 59,332 crore through initial public offerings (IPOs). However, not everyone was lucky enough to realise their fund-raising plans. Market volatility forced several companies to let approval granted by the capital markets regulator - the Securities and Exchange Board of India (Sebi) - lapse. READ MORE
 

2:11 PM

BSE 500:: CE Info System, GE Shipping, Triveni Turbin among top losers

C.E. Info System down nearly 3.5 per cent was the top loser among the BSE 500 stocks. GE Shipping, Triveni Turbine, TCNS Clothing and Aegis Logistics, down around 3 per cent each were the other notable losers so far on Wednesday.
 

1:59 PM

Market Check:: Sensex near day's high, up over 100 points

1:53 PM

Investors must have moderate return expectations in 2023: Nippon India exec

Indian markets were "remarkably resilient" in 2022 to reach record levels, said Sailesh Raj Bhan, deputy chief investment officer--equity investments, Nippon India Mutual Fund. Investors would be wise to have moderate return expectations in 2023 as global uncertainties remain, he told Sundar Sethuraman in an interview. READ MORE
 

1:40 PM

India's fintech industry to face a tough 2023 as investments cool: Bain

India’s $50 billion fintech industry will face hurdles in the form of tougher regulatory scrutiny and tighter liquidity leading to higher cost of capital for some companies next year, Rakesh Pozhath, partner at consulting firm Bain & Company, said. READ MORE
 

1:30 PM

Global Check:: Hang Seng stands tall in an otherwise wobbly Asian trade

Source: Yahoo Finance

1:20 PM

BSE 500:: Ircon International, Saregama, RCF among top gainers

Ircon International up nearly 8 per cent was the top gainer among the BSE 500 stocks so
far on Wednesday. It was followed by Saregama India, Rossari Biotech, RCF and Adani Total
Gas, up 6 - 7 per cent each.
 

1:07 PM

Corporate India gears up to hedge China supply risk amid Covid surge

The surge in Covid cases in China has raised concern over supply-chain disruption, especially for Indian companies that import critical components and raw material from the neighbouring country. Between April and October this year, imports from China grew nearly 18 per cent year-on-year to touch $60.27 billion, according to data from the Ministry of Commerce. READ MORE