 "BSE")
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.
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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
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.
