Sensex Today: Stock Market Highlights Today: Nifty forms back-to-back Dojis. Where’s it headed now? – The Economic Times

Dow hits all-time high as jobless claims dip

The Dow Jones Industrial Average rose 33.85 points, or 0.09%, at the open to 36,522.48. The S&P 500 opened higher by 1.17 points, or 0.02%, at 4,794.23, while the Nasdaq Composite dropped 7.23 points, or 0.05%, to 15,758.98 at the opening bell.

NSE-BSE bulk deals: Porinju Veliyath sells stake in Dan Law Technologies

Renowned investor Porinju Veliyath on Thursday sold 29,441 shares of Dan Law Technologies at Rs 248.9 apiece through a bulk deal on the BSE.Shares of Dan Law Tech ended 3 per cent lower at Rs 259 on the BSE.In another transaction, Pinewood Strategy’s India Opportunities Growth Fund sold 2 million shares of Essar Shipping at Rs 11 apiece through a bulk deal on the National Stock Exchange.

CCI approves acquisition of 96% stake in Jindal Power by Worldone

The Competition Commission of India (CCI) on Thursday approved the acquisition of over 96 per cent stake in Jindal Power by Worldone. Earlier in July, Jindal Steel & Power Limited (JSPL) had announced receiving the Rs 7,401-crore revised offer from Worldone Private Limited to acquire the 96.42 per cent stake in Jindal Power Ltd (JPL). The company had informed that out of the Rs 7,401 crore, Rs 3,015 crore will be paid in cash, while the balance Rs 4,386 crore will be settled by way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances extended by JPL to JSPL.

Just In: Interglobe Aviation resolution passed with requisite majority

Just In: State Bank of India acquires 9.95% stake in IFSC for Rs 34.03 cr

China’s troubled ride-hailing giant Didi reports $4.7 bn Q3 loss

Chinese ride-hailing giant Didi Global on Thursday reported a $4.7 billion loss in the third quarter, as its revenues plummeted because of a regulatory crackdown by Beijing. The troubles for the firm — once called China’s Uber — began after it listed in New York in June, seemingly against the wishes of Beijing. China then shocked investors by launching cybersecurity investigations into the company. Didi was removed from app stores, and its stock has since fallen almost two-thirds in value. The firm announced this month it would delist from the New York Stock Exchange and prepare to shift to Hong Kong.

2021 has been a year of recovery, rehabilitation, and establishing a base for future growth. 2022 will be a little more volatile but will still be very good for equity investors in India. 2022 is very likely to be another year of good double-digit returns and continued wealth creation. Autos, Banks, and Capital goods, literally the A B C of equity markets, will be the most interesting sectors for 2022.

– Naveen Kulkarni, Chief Investment Officer, Axis Securities

On a monthly expiry day, the markets had a rollercoaster ride. The start was weak amid a muted show of global peers due to concerns about the Omicron spread. During the day, the Nifty made several attempts to inch upwards but failed to sustain on the higher side. Further, selling pressure in metals, PSU banks, and oil & gas impacted sentiments. Volatility and choppiness are likely to remain high in the coming session, so we maintain a cautious stance. Revival in the banking pack will be crucial for the markets. Meanwhile, global cues and upcoming domestic auto sales numbers will be on the radar. Traders are expected to keep low leverage and hedged positions.”

– Ajit Mishra, VP-Research, Religare Broking

“It has been a volatile month for Nifty. Currently, it looks like the index is going to end 1-1.5% up for December. FIIs have sold equities worth almost $2.7 billion in December. This is the 3rd consecutive month wherein FIIs would be the net sellers. Overall, FIIs continue to be the net sellers for the entire year 2021. The technical level to watch out for Nifty would be 17,600. A break of 17,600 will ensure a fresh rally, and a break of 16,800 will ensure selling in the market. As of now, Nifty looks to be in a range of 16800-17600. Two things to watch out for — the Omicron spread and how the Fed policy panes out. From the expiry perspective, the fair roles should be around 34-35 bps this month.”

– Rahul Gupta, AVP-Derivative Sales, Institutional Equity, Emkay Global Financial Services

Gold declines Rs 98; Silver tumbles Rs 699

Gold prices declined by Rs 98 to Rs 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,786 per 10 gram. Silver also tumbled Rs 699 to Rs 60,024 per kg from Rs 60,723 per kg in the previous trade.

Volatility gauge India VIX climbs 1.99% to 16.56

“Domestic bourses witnessed a choppy session lifted by gains in IT and healthcare stocks on the day of the monthly F&O expiry. Globally, markets were mixed as investors are weighing the consequences of a third wave amid surging inflation worldwide. Banking stocks, especially PSUs, were under pressure as RBI’s financial stability report suggested a surge in bad loans with NPA’s rising from 6.9% in September 2021 to 8.1% in September 2022 under the base case scenario.”

– Vinod Nair, Head of Research at Geojit Financial Services

Rupee jumps 29 paise to close at 74.42 (provisional) against US dollar

Market Statistics

Nifty Metal index falls 1%; Hind Copper down 2.62%, Vedanta, Jindal Steel down 1.8% each

Nifty IT biggest sectoral gainer, up over 1%

Nifty absolutely flat; holding above 17,200

Midcap losers

Price as on 30 Dec, 2021 03:40 PM, Click on company names for their live prices.

Heatmap: Top Sensex gainers & losers

CLOSING BELL: Sensex gyrates 431 pts, settles flat; Nifty ends December F&O series at 17,204; RBL plunges 9%, Adani Green 6%

Auto stocks under pressure

Price as on 30 Dec, 2021 03:21 PM, Click on company names for their live prices.

Top gainers and losers at this hour

Price as on 30 Dec, 2021 03:14 PM, Click on company names for their live prices.

Most active stocks in afternoon session

Price as on 30 Dec, 2021 03:08 PM, Click on company names for their live prices.

DWARIKESH SUGAR: ICRA has reaffirmed its long term rating for the bank facilities amounting to Rs 1100 crore at ICRA A+ (Positive)

Price as on 30 Dec, 2021 02:51 PM, Click on company names for their live prices.

Stocks at 52-week high

Price as on 30 Dec, 2021 02:36 PM, Click on company names for their live prices.

Fresh buying in Supriya Lifescience; stock now up 11%

State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official.

Price as on 30 Dec, 2021 01:57 PM, Click on company names for their live prices.

UK’s FTSE 100 inches down as COVID fears dull Christmas cheer

UK shares edged lower on Thursday, after hitting 22-month highs in the previous session, as a surge of COVID-19 cases offset optimism around a “Santa Claus rally” in thin year-end trading. The FTSE 100 fell 0.2% by 0807 GMT, with declines in financial and energy stocks weighing on the blue-chip index, while the domestically focussed mid-cap index was flat.

Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy.

Price as on 30 Dec, 2021 01:53 PM, Click on company names for their live prices.

ITC partners with Invest India to crowdsource innovative ideas for single-use plastic substitution

Price as on 30 Dec, 2021 01:12 PM, Click on company names for their live prices.

What to expect from Dec expiry (Source: MOSL)

Forget Bitcoin and Ether, No. 3 cryptocurrency is the real outperformer

Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether. The coin — issued by crypto exchange Binance Holdings Ltd. — gained roughly 1,300% in 2021, according to Arcane Research. By comparison, market leader Bitcoin increased 65% while Ether, the second-biggest token, rose 408%.

Bad day for banks as stocks fall up to 8%

Price as on 30 Dec, 2021 11:41 AM, Click on company names for their live prices.

Paytm has collaborated with SBI Card to enable cardholders to tokenize their cards on devices and make payments through Paytm

Price as on 30 Dec, 2021 11:13 AM, Click on company names for their live prices.

NIFTY IT best performing sector, up 1%

Deep Industries jumps 7 per cent after the company received a letter of award from GSPC LNG for the hiring of gas compression services at GSPC LNG Terminal, Mundra, Gujarat, for five years. The total estimated value of the contract is approximate Rs 44.40 crore.

Price as on 30 Dec, 2021 10:52 AM, Click on company names for their live prices.

Rupee gains 15 paise to 74.56 against US dollar in early trade

Reserve Bank of India (RBI) has approved the appointment of Mr Rajeev Ahuja as Interim Managing Director & CEO of the Bank for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD & CEO, whichever is earlier.

Price as on 30 Dec, 2021 10:33 AM, Click on company names for their live prices.

RBI’s Financial Stability Report has again warned about the economy-stock market disconnect and excessive market valuations. But the market is likely to ignore this since the two factors driving this rally – enthusiastic retail participation and cheap money – are likely to persist for some more time. The central bank has expressed its concerns about the stress in the asset quality of banks with NPAs likely to go beyond 8% by September 2022. This is sentiment negative for banking stocks but the market has priced in most negatives and the men are likely to outperform the boys in the banking segment in 2022.

– Dr. VK Vijayakumar, Cheif investment Strategist at geojit financial services

We are approaching the monthly expiry and the year-end too, and not seeing any major action in key indices. Since we have entered a strong resistance zone of 17200 – 17300, there is no sufficient force available to go beyond it. On the flipside, key supports are being tested but are defended too successfully. We expect similar sort of action in the coming session as well and despite being a monthly expiry, the volatility is likely to remain on the lower side. We advise traders to continue with a stock specific approach as we are seeing good traction in individual pockets.

– Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One

Sensex erases opening losses, trades 100 points higher

The traditional post-Christmas bullish mood seems to be waning as fears of omicron continue to weigh on markets with WHO warning that a ‘tsunami’ of infections would push health systems to the brink of collapse. As the year draws to close, investors are contemplating the implications of the fast-spreading omicron, decreasing stimulus and elevated inflation stoked by supply-chain bottlenecks, with key question remaining – how much momentum is left in the equity bull market.

– Sageraj Bariya, Vice President – Institutional Sales, East India Securities

Most tourism & hospitality stocks trade lower amid Covid curbs

Price as on 30 Dec, 2021 09:49 AM, Click on company names for their live prices.

Kalpataru Power Transmission surges 4% on Rs 1,560 crore order win

BSE SMALLCAP jumps 0.5%

> Here are the top performers from the smallcap space

Most active stocks on NSE

Price as on 30 Dec, 2021 09:21 AM, Click on company names for their live prices.

OPENING BELL: Sensex sheds 180 points, Nifty below 17,150; MOIL tanks 5%, RBL 3%

KPTL received new orders of Rs. 1,560 crore

Price as on 30 Dec, 2021 09:12 AM, Click on company names for their live prices.

Pre-open session: Sensex drops 100 pts, Nifty below 17,200

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 29 points, or 0.17 per cent, higher at 17,298.50, signaling that Dalal Street was headed for a 17,298.50 start on Thursday.

Tech View: Nifty support at 17,100

Nifty50 on Wednesday snapped a two-day winning streak and formed a Doji candle on the daily chart, suggesting indecisiveness among traders. Analysts said the bulls stumbled near the junction of a falling trendline and the 40-day EMA. The hourly momentum indicator, having negative divergence, did not support the bulls. They see support for the index at 17,100 while they see resistance at 17,300 level.

Asia stocks listless as tough year ticks down

Asian share markets got off to a listless start on Thursday as the spread of Omicron clouded what is the last trading day of the year for many exchanges around the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat on the day and down 6% on the year. Japan’s Nikkei slipped 0.7% on Thursday, which left it with a modest gain of 4.6% for the year. Tokyo is shut on Friday.

Dollar, yen soft in thin trading

The dollar and yen were at the low end of their recent ranges in thin holiday trading on Thursday, having fallen overnight as investors favoured riskier currencies along with equities. The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread lockdowns, even as the Omicron variant of the coronavirus surges.

S&P500, Dow Jones hit record highs

A wobbly day of trading on Wall Street ended with most stock indexes managing slight gains, enough for the S&P 500 and Dow Jones Industrial Average to score all-time highs. The S&P 500 rose 0.1% after having been down 0.2% in the early going. The Dow Jones Industrial Average rose 0.2% and the Nasdaq slipped 0.1%. All three indexes started the day slightly in the green.

Rupee breaks 9-day winning streak against dollar

The rupee snapped its nine-day winning streak to settle just one paisa lower at 74.71 against the US dollar on Wednesday, as muted domestic equities and a strong greenback overseas weighed on the market sentiment. At the interbank foreign exchange, the rupee started on a tepid note at 74.69 against the dollar. During the day, it witnessed a high of 74.68 and a low of 74.86. The domestic unit finally ended at 74.71, a decline of just one paisa over the last close.

Sensex, Nifty on Wednesday

Benchmark indices Sensex and Nifty retreated from over one-week highs to close lower on Wednesday due to profit booking in banking, IT and metal stocks amid weak global trends. After a two-day rally, the 30-share BSE Sensex dropped by 90.99 points or 0.16 per cent to settle at 57,806.49 in volatile trade. Nifty slipped by 19.65 points or 0.11 per cent to close at 17,213.60 with 31 of its stocks ending in the red.

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