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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark ended mildly in red as investors remained cautious ahead of retail and wholesale inflation readings for the month October. The BSE Sensex ended down 170 points at around 61,624, while the NSE Nifty ended below 18,350 levels, at 18,318. Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with most gains on Sensex, while Hindalco, Apollo Hospitals and JSW Steel were the additional gainers on the broader Nifty index. On the other hand, Dr Reddy’s, SBI, Divis’s Labs, Sun Pharma, ITC, Maruti Suzuki were the top drags across the two frontline indices. In the broader market, the BSE mid-cap and small-cap indices were trading marginally lower, down up to 0.3%. Nifty Metal rallied to gain 1.6% in trade today.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 14 November, Monday
15:41 (IST) 14 Nov 2022 Top Gainers and Losers
The top gainers in trade today were Hindalco (up 5.7%), Apollo Hospital (up 2.8%) and Tata Motors (up 2.36%). Among the top losers were Dr Reddy (down 3.5%) , ITC (down 2.5%) and Coal India (down 2.5%).
15:34 (IST) 14 Nov 2022 Closing Bell: Broader indices end mild in red
Indian benchmarks ended mild in red as investors remained cautious ahead of retail and wholesale inflation readings for the month October. The BSE Sensex ended down 170 points at around 61,624, while the NSE Nifty ended below 18,350 levels, at 18,318.
Nifty Metal ended 1.6% up today, while Nifty FMCG dragged, closing 1.3% down.
15:20 (IST) 14 Nov 2022 Hindalco stock up 6%
Following the rise of LME Aluminum by 6% on Friday, shares of Hindalco have rallied today, rising by 6.1%, hitting an intraday high of Rs 458.
14:43 (IST) 14 Nov 2022 Bharat Forge stock down 3%
Bharat Forge on Monday reported a sharp 47.7 per cent decline in Q2FY23 consolidated net profit to Rs 141.56 crore as against Rs 270.45 crore in Q2FY22. Total income, however, grew 28.8 per cent to Rs 3,122.27 crore on a YoY basis.
14:38 (IST) 14 Nov 2022 Kaynes Technology IPO updates
Kaynes Technology India IPO has received healthy response with investors picking up 8.6 crore shares against an offer size of 1.04 crore, subscribing 8.82 times on November 14, the final day of bidding. Retail investors have bid shares 2.2 times the allotted quota, while the reserved portion of employees was subscribed seven times. Qualified institutional buyers have bought 17.82 times the portion set aside for them, and high networth individuals 9.83 times.
14:21 (IST) 14 Nov 2022 Nuvama on Zomato stock
“In Q2FY23, Zomato’s sharp improvement in profitability came at the cost of growth. Its GOV growth for the food delivery business tapered to 22.6% YoY, from 41.5% in Q1FY23. However, contribution margin surged to 4.5%, from 2.8% QoQ. With this, Zomato is on course to achieve adj. EBITDA breakeven (ex-Blinkit) by H2FY23E. Even for Blinkit, loss/order declined to INR41, from INR91 in Q1FY23. While we are impressed with the better-than-expected profitability, we will closely monitor GOV growth trends as growth slowdown will have valuation implications. We maintain ‘BUY’ with a revised DCFbased TP of INR85 (earlier INR80) as we bake in higher profitability, and the Blinkit acquisition.”
13:32 (IST) 14 Nov 2022 Page Industries to pay 700% dividend, ex-date this week; analysts say buy, check target price
Page Industries has declared an interim dividend of Rs 70 per equity share (700%) at a face value of Rs 10. According to the data available on BSE, the company has fixed 18 November as the record date and the ex-dividend date is falling on 17 November. “The Board of Directors of the Company at their meeting held today (i.e., 10 November 2022) has declared 2nd Interim Dividend 2022-23 of Rs. 70/- per equity share,” the company has said in a stock exchange filing. The date fixed for payment of dividend is on or before 9 December. The shares of Page Industries were trading at Rs 46,821 on NSE, down 1.5% from previous close. In the last 5 years, the stock has delivered multibagger returns of around 100%. So far this year Page Industries share price has rallied 14%.
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11:57 (IST) 14 Nov 2022 Axis Securities weekly pick
“While the bank’s asset quality traction is encouraging, concerns about high restructuring (~6.2%) and the expected increase in the cost of funds persist. However, in Q2FY23 the bank reported the highest-ever PAT in a quarter and also the highest-ever PAT in the first half of the FY. With overall loan growth expected at 15%, improving asset quality and the management’s guidance for further improvement in G/NNPA and slippages, and NIMs being maintained at 3.5%, we believe KBL commands a re-rating and better valuations. We recommend a BUY rating on the stock with a target price of Rs 148/share, implying an upside of 10% from the CMP.”
11:56 (IST) 14 Nov 2022 Nifty may head towards 18800 level if 18200 sustained; Bank Nifty poised to hit 45000 soon
The persistent fall in VIX has been a central theme for markets, helping directional upsides for over a month now. While this turn has been extremely good for buy-and-hold stock investors, the fate of option traders, as well as intraday traders, have been extremely perilous. The intraday ranges remained extremely tight, requiring timing the entry and picking the trend correctly, assuming extremely important for successful trade. For systematic traders, this reduces the odds of success.
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11:08 (IST) 14 Nov 2022 Markets have held up well owing to strength in earnings
“The Q2FY23 earnings season so far has been resilient. It has been led by strong urban consumption demand, recovery in non-food credit growth and margin strain peaking out led by correction in commodity prices. Markets have held up well owing to strength in earnings despite bleak global backdrop. Peak range valuations, however, remain a headwind, thus keeping markets range bound in near term.”-Hemant Kanawala, Senior Executive Vice President & Head Equity, Kotak Mahindra Life Insurance Company
09:39 (IST) 14 Nov 2022 Nifty must hold above 18300 to head towards 18600; buy these two stocks to pocket short-term gains
Nifty index has formed a Bullish candle on the daily and weekly frame, and has been forming higher lows from the last six weeks. Now, it has to hold above 18300 zones, for an up move towards 18500 then 18600 zones whereas supports are placed at 18188 and 18088.
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09:39 (IST) 14 Nov 2022 Fortis Healthcare shares jump 2% on healthy Q2 results
The company posted 9.9% growth in revenue to Rs 1,607 crore and a 27.9% rise in profit after tax to Rs 166 crore in the second quarter of the fiscal year. Reported profit showed a higher growth of 67% to Rs 218 crore. Q2FY23 and H1FY23, owing to an exceptional gain of Rs 51.6 crore, which pertains to reversal of impairment in an associate Company.
09:38 (IST) 14 Nov 2022 Metal stocks gain
BSE Metal index added 2%, led by Hindalco Industries, NALCO, SAIL India
09:37 (IST) 14 Nov 2022 Pharma stocks in red
Nifty Pharma index shed 1%, dragged by the Aurobindo Pharma, Dr Reddy’s Laboratories, Alkem Laboratories
09:22 (IST) 14 Nov 2022 Nifty gainers, losers
Hindalco Industries, Tata Steel, M&M, JSW Steel and Bajaj Auto were among major gainers on the Nifty, while Dr Reddy’s Laboratories, Divis Labs, SBI, ITC and Sun Pharma were the laggards.
09:22 (IST) 14 Nov 2022 Nifty, Sensex open flat
Indian indices opened flat amid mixed global cues. The Sensex was up 5.94 points or 0.01% at 61800.98, and the Nifty was up 12.60 points or 0.07% at 18362.30.
09:12 (IST) 14 Nov 2022 Nifty, Sensex trade flat in pre-open
Benchmark indices are trading lower in the pre-opening session. The Sensex was down 29 pts or 0.55% at 61,765.86, and the Nifty was up 26.70 pts or 0.15% at 18,376.
09:10 (IST) 14 Nov 2022 Rupee opens higher
Indian rupee opened 28 paise higher at 80.53 per dollar on Monday against Friday’s close of 80.81.
09:08 (IST) 14 Nov 2022 Bank Nifty may head towards 43000
“Nifty should aim for a new all-time high in this week. Bank Nifty data is more positive and it should head towards over target of 43000.”
Position Sizing Guide: Large
Support: 18300 and 18350
Resistance: 18500 and 18605
-Rahul Sharma, Head-Research, JM Financial Services
09:06 (IST) 14 Nov 2022 Trade Setup
COI Nifty: Up 1.8% | Long buildup with volumes
COI bank Nifty: Up 14.9% | Huge longs with volumes
Nifty Options: Bullish | PCR: 1.22
Bank Nifty Options Data: Bullish | PCR: 1.16
FII bought: Cash, IF, SF and IO
FII sold: SO
FII’s index positioning saw a boost as they added longs while PRO account saw addition of shorts.
Index components witnessed major short covering: HDFC, Infosys, Tech Mahindra
Longs were seen in HDFC Bank, HCL Tech and Hindalco
-Rahul Sharma, Head-Research, JM Financial Services
08:51 (IST) 14 Nov 2022 Reliance Securities Intraday Picks
CIPLA (PREVIOUS CLOSE: 1121) SELL
For today’s trade, short position can be initiated in the range of Rs 1135- 1145 for the target of Rs.1115 with a strict stop loss of Rs 1152.
LT (PREVIOUS CLOSE: 2011) BUY
For today’s trade, long position can be initiated in the range of Rs 1980- 1995 for the target of Rs.2015 with a strict stop loss of Rs 1968.
PEL (PREVIOUS CLOSE: 820) BUY
For today’s trade, long position can be initiated in the range of Rs 810- 815 for the target of Rs.835 with a strict stop loss of Rs 800.
08:51 (IST) 14 Nov 2022 Further appreciation in Rupee against USD likely
“USDINR spot closed 1 rupee lower at 80.81, lowest levels since September. Lower-than-expected US inflation triggered a sharp rally in risk assets and fall in the dollar index. Over this week, we could see further appreciation in Rupee against USD. We expect a range of 80.00-81.10 on spot.”-
Anindya Banerjee, VP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities
08:50 (IST) 14 Nov 2022 Upward bias may continue in early Monday trades
“Upward bias may continue in early Monday trades, as the firm US markets close on Friday is likely to aid the sentiment. However, with SGX Nifty erasing its gains, the mood would be of caution after the last week’s upsurge. Despite the uncertainty, key positive catalysts such as the soft US inflation report, heightened optimism about China easing coronavirus restrictions, strong FII buying, and the US Dollar easing below 106.30 mark could keep the mood in good stead in the near to medium term. We suspect that the Fed will now more likely hike rates by only 50 basis points in December.”-Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
08:23 (IST) 14 Nov 2022 Nifty likely to move towards fresh all-time high soon; key things to know before share market opens
Indian benchmark indices are expected to extend gains on Monday amid strong global cues. In the previous session, BSE Sensex soared 1,181.34 points or 1.95% to end at 61,795.04, while the broader NSE Nifty gained 321.50 pts or 1.78% to 18,349.70. “Going forward, market is expected to maintain the momentum as peeking out of US inflation has raised the hopes of slowdown in the pace interest rate hike by the US Fed. The strong recovery in market on Friday has increased the probability of Nifty moving towards its all-time high of 18,600 zone,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
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08:03 (IST) 14 Nov 2022 Investment strategy: Buy and hold from long-term perspective
“We continue to remain constructive on the equity markets prospects, especially the emerging markets like India which will be driven by the strength of domestic consumption and the strength of the economy. The impact of the global recession has been fairly limited in countries like India. The investment strategy remains simple – Buy and hold from a long-term perspective to create wealth but the only caveat is to buy only quality businesses, the proverbial Good & Clean stocks.”- Sushant Bhansali, CEO, Ambit Asset Management
07:45 (IST) 14 Nov 2022 Nifty may move towards 18600
“Across the globe, stock market investors cheered the softening of the US CPI data that led to a humongous rally on Dalal Street. Traders world over are now hoping that with the inflation level cooling, the US Fed may maintain status quo on rate hike in its December meeting before reversing the trend going ahead if the reading shows further moderation. Technically, the Nifty not only cleared the short-term resistance of 18300 but closed above the same which is broadly positive. A bullish candle on daily and weekly charts and range breakout formation is indicating further upside from the current levels. For traders,18200-18150 would act as key support zones. If the index trades above the same then it could move till 18500-18600. However, below 18150, the uptrend would be vulnerable.”- Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities
07:44 (IST) 14 Nov 2022 Nifty to touch new high this week
“The benchmark index Nifty added more than a percent last week and, in the process, it closed at highest level in the calendar year. We are not surprised with this move as we have been quite vocal on how strong our markets are and soon, we would see BANKNIFTY crossing 42000 to mark new highs. The banking index has finally achieved this milestone and soon we would see Nifty following these footsteps. Technically speaking, the price configuration looks promising, because Nifty finally managed to surpass the multiple times tested trendline resistance above 18200-18000 with some authority. For the coming week, 18200-18000 would now be seen as a sacrosanct support zone, whereas on the flipside, testing 18450 and 18600 is clearly on cards. In fact, if momentum persists, we will see Nifty clocking fresh record high this week itself. Till now, most of the other heavyweights have been driving markets higher but with IT space coming out of its long slumber phase, the rally is likely to be robust in nature.”- Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One
07:41 (IST) 14 Nov 2022 Asian markets largely in green
Hong Kong’s benchmark index popped at open as Asia-Pacific markets were trading mixed after closing the previous week with a big rally, with Japan’s benchmark index dragged lower by tech giant SoftBank Group. The Hang Seng index in Hong Kong jumped 3% at open and was last up 2.37%. In mainland China, the Shanghai Composite added 0.51% and the Shenzhen Component gained around 1%. Japan’s Nikkei 225 fell 0.44% in early trade, as heavyweight SoftBank plunged 11% after its Vision Fund reported further losses, while the Topix also fell 0.44%. The S&P/ASX 200 in Australia and South Korea’s Kospi were fractionally lower. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.86%.
07:40 (IST) 14 Nov 2022 Wall Street stocks rise
The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would turn less aggressive on raising the interest rates. The Nasdaq gained 1.88 percent to 11,323.33 points, while Dow Jones Industrial Average rose 0.10 percent to 33,749.18 points on Friday. The S&P 500 climbed 0.93 percent to end the session at 3,993.05 points.
07:39 (IST) 14 Nov 2022 SGX Nifty in green
Nifty futures traded 38.5 points, or 0.21% higher at 18,474.50 on the Singapore Exchange, signaling that Dalal Street was headed for a positive start.
