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Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%

Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price

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SI Reporter  |  New Delhi 

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Photo: Bloomberg

Closing Bell The key benchmark indices exhibited some volatility albiet in a narrow range on the back of buying in FMCG, IT and healthcare shares, while metal, auto and select financial stocks slipped. The BSE benchmark index, the Sensex, opened 150 points higher at 60,837 and soon touched a high of 61,037. The BSE index thereafer pared gains and slipped into red to a low of 60,597. The Sensex, however, recouped losses and eventually ended on a flat note at 60,719 - up 32 points. The NSE Nifty ended six points higher at 18,109. India VIX was up 1.6 per cent at 15.47. Market Dashboard: Snapshot of key movers and shakers in trade today PowerGrid Corporation and ITC were the major gainers among the Sensex 30 stocks, up 2.2 per cent and 3 per cent, respectively. Asian Paints, Nestle and Kotak Bank were the other prominent gainers. On the other hand, Tata Steel was the major loser, down 3.3 per cent at Rs 1,245. Mahindra & Mahindra and Bajaj Auto were the notable losers. The broader indices finished on a mixed note. The BSE Midcap index was up 0.4 per cent, while the Smallcap index was down 0.2 per cent. The breadth was fairly negative, 2,110 stocks declined and 1,306 stocks advanced on the BSE. Among sectors, the Healthcare index surged 2.1 per cent, and the FMCG index was up 0.8 per cent. Whereas, the Metal index dropped 2.4 per cent, and the Telecom index declined 0.7 per cent. Mixed Outing for Debutants PB Fintech, the owner of Policybazaar, listed at a 17.3 per cent premium at Rs 1,150 per share over the issue price of Rs 980 on the BSE. The stock finally ended 22.5 per cent higher compared to its issue price at Rs 1,201. READ MORE Click here for more market news Sigachi Industries made a bumper listing. The stock debuted at Rs 575 per share on the BSE as against an issue price of Rs 163. The stock was locked at the upper limit at Rs 604, a 270.5 per cent premium to its issue price. Shares of SJS Enterprises started trade on the bourses on a flat note at Rs 540, and eventually ended at a 5 per cent discount at Rs 512. In the primary market, Tarson Products IPO was subscribed 90 per cent with demand for retail portion 1.8 times as of 03:30 PM. ___________________________________________________________________________________________ at 02:30 PM LIVE market updates: Renewed buying interest in ITC coupled with steady gains in healthcare and IT stocks has helped the key benchmark indices hold gains in late noon deals. The BSE Sensex was up 148 points at 60,835, and the NSE Nifty had added 39 points to 18,142. ITC had gained 2 per cent at Rs 238. PowerGrid, Asian Paints Nestle, TCS and Infosys were the other major gainers. Tata Steel had declined nearly 2 per cent to Rs 1,263. Bajaj Auto and Bajaj Finserv were the other notable losers. Among sectors, the Healthcare index has surged 2 per cent, and the IT index has gained 0.8 per cent. On the flip side, the BSE Metal index has dropped 1.5 per cent. In the broader markets, Aurum PropTech, formerly known as Majesco, was locked at the 20 per cent upper circuit, at Rs 146.40, also its 52-week high, on the BSE on amid heavy volumes. Thus far in the month of November, the stock of the new-age technology-driven real estate company has zoomed 70 per cent, as compared to a 2.3 per cent rise in the READ MORE Fine Organics, Apollo Hospitals, Suprajit Engineerings, Laurus Labs, NIIT, Syngene International, Fortis Healthcare, Finolex Cables and IFCI were the other major gainers. On the flip side, shares of Granules India and IOL Chemicals & Pharmaceuticals hit their respective 52-week lows, falling up to 10 per cent on the BSE in Monday's intra-day trade, after the companies reported a disappointing set of numbers for the quarter ended September 2021 (Q2FY22). READ MORE Meanwhile, the European have started trade on a quiet note, with the major indexes - FTSE 100, DAX 30 and CAC 40 all flat. ___________________________________________________________________________________________ at Lunch (01:30 PM) LIVE market updates: The key benchmark indices continue to swing between zones, with auto, banking and select index heavyweights witnessing some selling pressure while IT and healthcare shares were holding firm. The BSE Sensex was down 15 points at 60,672, and the NSE Nifty was at 18,095, down eight points. India VIX was up nearly 3 per cent at 15.65. The broader indices were mixed - the BSE Midcap index advanced 0.3 per cent, and the Smallcap index declined 0.2 per cent. The breadth, however, was fairly negative, with 2,056 declining stocks versus 1,297 advancing shares on the BSE. Elsewhere in Asia the markets were mixed today. Kospi and Taiwan Weighted index gained a per cent and 0.7 per cent, respectively.

Nikkei added 0.6 per cent. On the other hand, Hang Seng and Shanghai Composite slipped 0.2 per cent each. Straits Times was down 0.1 per cent. ____________________________________________________________________________________________ Markets at NOON LIVE market updates: Volatility gripped the markets in the noon deals on Monday, driving the headline indices in the red for a brief period, before returning to the positive territory. The BSE Sensex was unchanged at 60,716 levels while the was mildly up at 18,110 levels. Both the indices hit an intra-day low of 60,635 and 18,082, respectively. In the broader markets, profit-booking in smallcaps intensified further with the BSE SmallCap index down 0.4 per cent. The BSE MidCap index, on the other hand, was up 0.1 per cent. Among individual stocks, shares of Globus Spirits were locked at 5 per cent lower circuit, at Rs 1,151.65, on the BSE on Monday after the company reported lower capacity utilisation on a quarter-on-quarter (QoQ) basis at 90 per cent in September quarter (Q2FY22). READ MORE In the primary market, the three-day issue of Tarson Products has, so far, been subscribed 48 per cent with retail portion getting a 96-per cent subscription. On the economic front, wholesale price index-based inflation rose to 12.54 per cent in October, compared with 10.6 per cent in September. __________________________________________________________________________________________ Markets at 11 AM LIVE market updates: The BSE Sensex was 170 points higher at 60857 levels in late morning deals, supported by gains in heavyweights like Infosys, HDFC Bank, TCS, and ITC. The NSE Nifty50, on the other hand, was at 18,149 level. In the broader markets, however, the BSE SmallCap index was down 0.14 per cent dragged by Ujjivan Financial Services (down 8 per cent) and Mannapuram Finance (down 9 per cent). According toGaurav Garg, head of research at Capitalvia Global Research, "There may be some cautiousness with weak economic data coupled with net FPI sellers in the Indian markets. Our research suggests that the levels of 17,700 and 18,250 (Nifty) may act as immediate support and resistance, respectively. If the market breaches the level of 18,250 we can expect it to trade till the range of 18,300-18,400. Technical indicators also support positivity in the market". In the currency market, rupee was trading higher at 74.37 per US dollar at 11:06 AM. It had opened at 74.38 per US dollar vs Friday's close of 74.44/$. ____________________________________________________________________________________________ Markets at 10 AM LIVE market updates: Benchmark indices are holding on to their gains in morning deals with ITC, Kotak Bank, Sun Pharma, Asian Paints, and PowerGrid leading the rally. The BSE Sensex index was at 60,924 levels, up 238 points, at 10:05 AM while the was at 18,167 levels, up 64 points. Among new listings on the bourses, shares of PB Fintech, the owner of Policybazaar, debuted on the bourses with a 17.3 per cent premium at Rs 1,150 per share on the BSE as against its issue price of Rs 980. Those of Sigachi Industries, on the other hand, made a bumper listing, having debuted at Rs 575 per share on the BSE as against an issue price of Rs 163. This translates into a premium of 253 per cent. Lastly, shares of SJS Enterprises debuted flat at Rs 540 on the BSE. ____________________________________________________________________________________________ Opening Bell LIVE market updates: Supported by firm global cues, and broad-based buying back home, the benchmark indices started nearly 0.5 per cent higher on Monday. In early deals, the BSE Sensex quoted at 61,026 levels, up 339 points, while the was at 18,197 levels, up 94 points.

Hero MotoCorp was among the top gainers on the Nifty index, up 3 per cent, on a healthy operational performance in Q2. The company reported standalone Ebitda of Rs 1,156 crore, up from Rs 515 crore YoY, and higher than Street estimates of Rs 904 crore. Margins, meanwhile, came in at 13.5 per cent, up from 9.4 per cent YoY and Bloomberg estimate of 11.2 per cent.

In the broader markets, the BSE MidCap and SmallCap indices added up to 0.4 per cent.

Among individual stocks, shares of Nykaa dropped 5.6 per cent after the fashion and cosmetics online retailer reported 96 per cent YoY plunge in Q2 net profit to Rs 1.1 crore in the September quarter. The company's revenue, however, increased 47 per cent YoY to Rs 885 crore.

That apart, shares of SpiceJet fell 1.5 per cent as the airline reported widening of net loss to Rs 561.7 crore for the quarter ended September 2021 as against a net loss of Rs 112.6 crore in the corresponding period last fiascal. Total income rose to Rs 1,538.6 crore from Rs 1,292.9 crore. Sectorally, all the indices were trading higher led by the Nifty Auto index, up 1 per cent, and the Nifty Bank index (up 0.8 per cent).

___________________________________________________________________________________________ Pre-open session LIVE market updates: The headline indices ended the pre-open session in the positive territory on Monday, indicating a healthy start to the trading session. The BSE Sensex was up 151 points at 60,837 levels while the Nifty50 closed at 18,140 level, up 38 points. ____________________________________________________________________________________________ Updated at 8:05 AM LIVE market updates: Domestic indices are eyeing a firm start to the week, supported by positive global cues. At 8:00 AM, SGX Nifty was up 88 points at 18,223 levels. That said, higher-than-expected retail inflation and slowver IIP growth may cap upside in the markets.

Primary Market Update Policybazaar, Sigachi Industries, and SJS Enterprises are set to debut on the bourses today.

Meanwhile, Tarsons Products' Rs 1,024 crore IPO, in the price band of Rs 635 to Rs 662, will open for subscription today and will close on November 17. Global cues

On Friday, the US markets shrugged off inflation worries and ended higher. The Dow Jones and S&P 500 gained 0.5 per cent and 0.7 per cent, respectively, while the Nasdaq rallied a per cent.

Cues from the neighbouring Asian markets were mostly positive this morning. Nikkei had jumped 0.5 per cent, while Shanghai Composite, Hang Seng and Straits Times were flat. Kospi and Taiwan Weighted index had rallied around a per cent each.

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First Published: Mon, November 15 2021. 08:08 IST
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