Pvt banks, IT drag Sensex 230pts down, Nifty below 18,350; Paytm tanks 10%

CLOSING BELL: Among the Sensex 30 shares, Titan, M&M, Maruti, HDFC and Bajaj Finserv were the major per centage losers.

4:05 PM

COMMENT :: 'Contra traders can take long bets near 18,200'

The benchmark indices witnessed lacklustre activity. The Nifty ended 66 points lower, while the Sensex was down by 230 points. Among Sectors, Auto and digital

indices corrected over 1 per cent whereas some buying interest was seen in selective PSU Banks stocks.

Technically, on intraday charts, the index has formed lower top formation, which is broadly negative. However, the medium term texture of the market is still on the bullish side.

We are of the view that 18,400/62,000 could be the immediate hurdles for the bulls. Below this, they could retrace till 18,250-18,200/62,450-61,200.

On the flip side, 18,400/62,000 would be the fresh breakout levels for the bulls, above which the indiced could move up to 18,500-18,535/62,300-62,500. Contra traders can take long bets near 18,200/61,200 with strict 18,150/61,000 support stop loss level.

Views by: Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities 

4:02 PM

COMMENT :: 'Expensive domestic valuation is turning FIIs cautious'

Global markets have recently surged on expectations that the Fed may scale back its aggressive rate hike schedule in reaction to easing U.S. inflation statistics. The euphoria was, however, dashed by better U.S. retail sales in October and aggressive remarks from Fed officials. The domestic market moved in tandem with the trend, with most sectors in red.  As the domestic market got more expensive, FIIs were seen being cautious.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

3:57 PM

TECH VIEW :: 'Fall below 18,300 may trigger a correction towards 18,000'

Nifty started lower and remained volatile throughout the day. On a closing basis, Nifty bulls were able to hold the crucial support of 18,300. The RSI (14) on the daily chart has entered a bearish correction. Going forward, a fall below 18,300 may trigger a correction towards 18,100-18,000. On the other hand, resistance is visible at 18,450.

Views by: Rupak De, Senior Technical Analyst at LKP Securities

3:54 PM

Currency check :: Rupee ends weaker at 81.65/$

>> This comes against Wednesday’s close of 81.30/$

Source: Bloomberg

3:52 PM

BSE stats :: Market breadth negative; 233 stocks hit lower circuits

3:50 PM

Buzzing stock :: Top gainers on the BSE today

3:50 PM

Buzzing stock :: Top losers on the BSE today

3:48 PM

Buzzing stock :: Ahluwalia Contracts rises 5% on order win worth Rs 530 cr

3:46 PM

Buzzing stock :: RBI okays acquisition of 10% stake by DSP investment managers in Equitas SFB

>> Stock leaps nearly 8% intra-day

3:43 PM

Buzzing stock :: R Systems zooms 16% on Blackstone's open offer to acquire majority stake

3:42 PM

Buzzing stock :: Nykaa ends sharply off lows amid heavy volumes

3:41 PM

Buzzing stock :: Paytm tumbles 11% on block deal

3:40 PM

BSE SmallCap index sheds 0.27%; Timken, R Systems fend fall

3:38 PM

BSE MidCap index dips 0.3%; Supreme Industries, Mphasis, Ajanta Pharma top laggards

3:36 PM

Sectoral trends :: All but PSBs, Realty stocks crack in trade

3:34 PM

Sensex Heatmap :: Titan, M&M, Maruti Suzuki among 22 index losers

3:33 PM

CLOSING BELL :: Nifty ends below 18,350

3:32 PM

CLOSING BELL :: Sensex sinks in fag-end; drops over 200 pts

3:22 PM

BSE 500:: Top losers so far

Paytm plunged over 9 per cent was the top loser among the BSE 500 stocks so far. Info Edge, Brightcom Group, Supreme Industries and Quess Corp, down 4 - 6 per cent each, were the other prominent losers.

3:16 PM

Kirloskar group shares hit 52-week highs: KOEL, KPCL up over 50% in 6 mnths

In the past six months, KOEL (up 131 per cent), KPCL (53 per cent) and Kirloskar Industries (45 per cent) zoomed over 40 per cent, as against 14 per cent rise in the benchmark index. READ MORE

3:10 PM

BSE 500:: Top gainers so far

Timken India zoomed 20 per cent and was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Engineers India, Equitas Small Finance Bank, Team Lease Services and Union Bank of India, up 7 - 9 per cent each.

3:00 PM

Base effect contributing to small-cap funds' 30% return over three years

Limit exposure to this volatile category to 10-15% of equity portfolio, enter with 7-10-year horizon. Read more

2:50 PM

Aditya Birla to bring luxury department stores Galeries Lafayette to India

Flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands. Read here

2:39 PM

5 famed tech IPOs in India flounder, shedding more than $18 bn in value

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. Read here

2:29 PM

European markets open higher as investors await UK budget

2:16 PM

OPINION | Following US Fed's policy lead not in interest of emerging economies

Following US Fed's policy lead not in interest of emerging economies, says Ashima Goyal. Read here

2:04 PM

Canada's inflation steady at 6.9% in Oct: National statistical agency

According to Statistics Canada, in October, higher prices at the gas pump put upward pressure on the all-items CPI. Read more

1:55 PM

Asia markets hold losses; Hang Seng off lows

1:46 PM

Share price of this cigarette company has nearly doubled in 10 months

Shares of Godfrey Phillips hit a new high of Rs 1,842.70 as they rallied 5% on the BSE in Thursday's intra-day trade, and have zoomed 97% from its February low of Rs 937 on the BSE. Read more

1:36 PM

Index Contributors :: Infy, HDFC twins, Titan weigh on Sensex