Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh

CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.

4:00 PM

TECH VIEW :: 'Over the near term, sentiment is likely to remain sideways'

Bears remained at the helm throughout the day as the benchmark index couldn't pare the morning loss. However, the correction was limited to 0.62% by the end of the session. Over the near term, sentiment is likely to remain sideways, with 18,500-18,800 to be the crucial range. A decisive breakout from either band may induce a clean directional move in the market.

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

3:52 PM

COMMENT :: What all happened in the markets today?

The rally in the domestic market was halted by negative cues from global counterparts and broad-based profit booking in large caps. The correction in the market was led by auto stocks as the sales data came in lower than expected due to weaker exports and sequential de-stocking. Declining manufacturing activity in the US is proof that the central bank’s policy tightening has started to show results, which in turn will encourage the Fed to keep rate hikes at bay.

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

3:51 PM

COMMENT :: 'Despite consolidation, tone would remain positive till Nifty upholds 18,300'

Markets witnessed profit-taking and lost over half a percent, taking a breather after the recent surge. After the flat start, the Nifty index gradually inched lower in the first half, followed by range-bound movement till the end. Consequently, the Nifty index settled at 18,695; down by 0.62%. Meanwhile, sectoral pack traded mixed wherein realty and metal counters were in the limelight while auto and energy traded subdued. Amid all, the buoyancy on the broader front kept the traders busy till the end.

 

Indications are in the favour of further consolidation in the index but the tone would remain positive till Nifty upholds 18,300. And, since all the sectors are participating in the move, traders should utilize this phase to add quality names on dips. 

Views by: Ajit Mishra, VP - Technical Research, Religare Broking 

3:50 PM

Currency check :: Rupee ends lower at 81.31/$

>> This is against Thursday's close of 81.22/USD

Source: Bloomberg

3:48 PM

IPO Update :: Uniparts' issue subscribed 25 times till 3:30 PM on final day

3:46 PM

BSE Stats :: Market breadth favours buyers as broader indices shine

3:45 PM

Raymond vaults over 16% on heavy volume

3:44 PM

Maruti Suzuki slips over 1.5% even as co announces prices hike

3:43 PM

Bajaj Hindustan Sugar zooms 20% on payment of loan dues

3:41 PM

Paytm jumps 7% as management lays down profitability roadmap at Analysts' meet

3:40 PM

PB Fintech sprints 5% on block deal; SoftBank likely seller

3:39 PM

BSE SmallCap index adds 0.7%; Skipper soars 20%, Unichem Labs drops 8%

3:38 PM

BSE MidCap index settles 0.8% higher as BHEL, Lodha, PB Fintech surge

3:37 PM

Broader indices outshine Sensex, Nifty, gain nearly 1%

3:36 PM

Sectoral trends :: Nifty Auto index falls 1%; Metals, PSBs buck trend

3:34 PM

Sensex Heatmap :: Less than 10 stocks edge higher; M&M, HUL, Maruti worst hit

3:33 PM

CLOSING BELL :: Nifty ends below 18,700 as 31 stocks drop in trade

3:32 PM

CLOSING BELL :: Sensex ends off lows, dips over 400 pts on weak global cues

3:30 PM

Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

The average trading volumes at the counter jumped over nine-fold with a combined 60.17 million shares changing hands on the NSE and BSE. There were pending buy orders for a combined 15.42 million shares on both the exchanges, the data shows. READ MORE

3:23 PM

Crypto wrap: Positive commentary from Jerome Powell keeps market stable

"Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt. Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting," Powell said. READ MORE

3:14 PM

Global Check:: US, UK stock futures marginally in red

Source: Investing.com

3:04 PM

NEWS ALERT:: Amara Raja Batteries to invest Rs 9,500 cr in Telangana

Amara Raja Batteries today signed a memorandum of understanding (MoU) with the government of Telangana to setup state-of-the-art research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Telangana. Over the next 10 years, the company intends to invest over Rs 9,500 crore. 

2:54 PM

BSE 500:: Eicher Motors, Adani Transmission, M&M among top losers

Eicher Motors down 3 per cent was the top loser among the BSE 500 stocks so far. Adani Transmission, Galaxy Surfactants, KRBL and Mahindra & Mahindra (M&M) were the other prominent losers, down over 2 per cent each.

2:46 PM

If investment review shows decline in international allocation, restore it

Investors will sit down in December with their financial advisers to review their mutual fund portfolios. Do-it-yourself (DIY) investors must also conduct this exercise at least once every year. READ MORE

2:36 PM

Venus Pipes gains 6% as Himalaya Finance buys 5 mn shares via open market

On December 1, 2022, Himalaya Finance & Investment Company purchased 5 million shares, representing 2.5 per cent of total equity, of Venues Pipes via block deal. READ MORE

2:23 PM

BSE 500:: HLE Galscoat, BHEL, Shree Renuka among top gainers

HLE Glascoat up nearly 9 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Shree Renuka Sugars, BHEL, Prince Pipes and Esab India, up 5  - 6 per cent each.

2:13 PM

GLOBAL MARKET | European indices open lower

2:01 PM

WATCH | Why is demand for private credit on the rise?

The festival month saw 18.3% growth in non-food credit offtake. Retail loans -- driven by robust housing and vehicle loans demand -- saw 20% jump. What explains this surge in personal loans?

1:49 PM

Rupee premiums close to bottoming, RBI key moving part, says report

The premiums on the Indian rupee are unlikely to fall much further, with current levels almost fully incorporating the U.S. and India interest rate differentials, analysts said. Read more

1:40 PM

ECB Prez Lagarde leads a chorus warning that inflation has to be anchored

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations for where prices are headed, central bank governors warned Friday. Read more