Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended in the red on weekly F&O expiry amid high volatility, weak global cues. BSE Sensex fall 230 points to end at 61750, while broader NSE Nifty 50 settled 65 pts or 0.36% down at 18343. Bank Nifty also ended lower at 42,458, down 77 pts or 0.18%. The frontline indices were dragged by selling pressure in auto, IT and HDFC Bank and HDFC. Broader markets also fell in line with benchmarks with Nifty Midcap and Nifty Smallcap indices declining around 0.4%. Titan and Mahindra & Mahindra (M&M) were the top Sensex losers, slipping over 2% each. Maruti, HDFC, Dr.Reddy’s, Bajaj Finserv and Infosys were the other prominent losers.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 17 November, Thursday
15:36 (IST) 17 Nov 2022 Closing Bell: Nifty ends below 18,350, Sensex down 230 points
Indian benchmark indices ended lower in the volatile session. The NSE Nifty index closed below 18,350, down by 0.4% to end at 18,343. The BSE Sensex closed down by 230 points, to end the trading session in the red at 61,750.
15:20 (IST) 17 Nov 2022 Kirloskar group shares hit 52-week highs
In the past six months, KOEL (up 131 per cent), KPCL (53 per cent) and Kirloskar Industries (45 per cent) zoomed over 40 per cent, as against 14 per cent rise in the benchmark index.
15:12 (IST) 17 Nov 2022 PSU Bank stocks gain
Nifty PSU Bank added 1%, led by Union Bank of India, Central Bank of India and UCO Bank
14:38 (IST) 17 Nov 2022 Fairfax weighing Bangalore airport IPO at $3.7 billion value
The Indian arm of Canadian investment group Fairfax Financial Holdings Ltd. is working with an adviser on the potential listing that could take place as soon as next year, the people said. Fairfax India holds a majority stake in the owner of Kempegowda International Airport, Bengaluru, located in the southern Indian city also known as Bangalore.
14:33 (IST) 17 Nov 2022 European markets open mixed
The Stoxx 600 index opened marginally higher at 0.14% with most sectors in the green at the market open. In the U.K, Chancellor Jeremy Hunt will announce his latest fiscal statement on Thursday which is expected to contain billions of pounds’ worth of spending cuts and tax hikes.
14:33 (IST) 17 Nov 2022 Negative credit conditions to make 2023 challenging for emerging markets: Moody’s
Emerging markets will face a difficult economic and financing environment that will permeate to sovereigns, companies and banks in 2023, said credit ratings agency Moody’s in its 2023 Outlook Report. “Next year will present a challenging backdrop for emerging markets (EMs). Our negative outlook on credit conditions for EMs will permeate to sovereigns, companies and banks. Although higher-rated EM issuers have the credit fundamentals to weather the turn in the cycle, weaker entities with ratings of B or below are vulnerable given their limited financing options and reduced capacity to absorb shocks,” said the report.
13:58 (IST) 17 Nov 2022 India VIX at 14-month low
An indicator that is often seen as a measure of the amount of fear in the stock market hit its lowest level in more than 14 months earlier this week, hinting at a rise in confidence among investors for positive returns over the coming months. The India VIX index hit a 14-month low of 12.55 points on 14 November, data available on NSE showed. The index is calculated by looking at the movement in the prices of options contracts of the Nifty 50 index.
13:37 (IST) 17 Nov 2022 Indian Railway Finance Corp’s shares surge 5%
Indian Railway Finance Corp or IRFC shares rise by 5% in trade today, and rising over 15% over the last five days. The stock is currently trading at Rs 28.35, above the IPO issue price of Rs 26.
12:45 (IST) 17 Nov 2022 Nifty Auto falls almost 1%
The NSE Nifty Auto index is trading 0.9% down at 12,984 points. Tube Investments of India (down 1.9%), Eicher Motors (down 1.3%), Tata Motors (down 1.5%), Ashok Leyland (down 1.6%) drag the index.
12:42 (IST) 17 Nov 2022 Nifty Consumer Durables down 1.17%
The NSE Nifty Consumer Durables index is trading in the red, down 1.17%, at 26,069.
12:07 (IST) 17 Nov 2022 Nykaa shares fall over 1%
Nykaa shares fell over 1% as investor Lighthouse India Fund sold Nykaa shares worth Rs 525 cr. 30 million shares of FSN e-commerce Ventures, the parent company of the beauty products retailer Nykaa, were sold by the investor on November 10 as the lock-in period ended.
12:05 (IST) 17 Nov 2022 Tinken India shares surge 10%
Timken India shares soared 10% on plans to set up Gujarat manufacturing facility. The company will set up new manufacturing facility at Bharuch, Gujarat to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components.
12:04 (IST) 17 Nov 2022 Page Industries to invest Rs 290 cr to set up two facilities in Telangana
The Ibrahimpatnam facility will be a 1,50,000 sq ft Plug and Play facility built by Whitegold Spintex Park and leased to Page Industries. This facility will provide jobs to 3,000 local youngsters. Page Industries will build their own facility at Mulugu in Siddipet district in a 25 acre parcel. This facility will provide employment to 4,000 local youngsters, the company release said.
12:01 (IST) 17 Nov 2022 ICICI Prudential Mutual Fund picks 2.04% stake in Cholamandalam Financial Holdings
ICICI Prudential Mutual Fund under its various schemes bought 3.04 lakh shares in Cholamandalam Financial Holdings via open market transactions on November 14. As a result, the shareholding of the fund increased by 2.04% to 7.11%, from 5.07% earlier. Cholamandalam Financial Holdings was quoting at Rs 605.20, up Rs 4.65, or 0.77% on the BSE.
12:00 (IST) 17 Nov 2022 IIFL Securities on Deepak Fertilisers Q2
“Deepak Fertilisers delivered a strong 2Q as spreads of TAN and nitric acid continue to remain elevated (1.3-1.6x of FY22 levels). The sequential softness was along the expected lines as the activity in key user industries remains subdued owing to monsoons. The expansion plans viz. Ammonia and TAN are on track to deliver the next leg of sustainable growth. However, the base is now high and growth in FY24 could get curtailed should spreads of key products fall significantly. While we up our FY23-25 estimates by ~0-8%, we continue to build-in gradual normalisation in TAN and Nitric acid spreads. Retain BUY rating given attractive valuations. Our SOTP based, TP (rolled forward to Dec-23) moves up to 1,070.”
11:51 (IST) 17 Nov 2022 Wipro shares in focus
Wipro has reached an agreement with employee representatives on setting up a European Works Council (EWC). Wipro’s EWC is the first to be established by an Indian headquartered company. The creation of an EWC follows a request by employees under an EU directive establishing the opportunity in companies with more than 1,000 employees across multiple European locations. The stock was quoting at Rs 396.30, down Rs 1.85, or 0.46% on the BSE.
11:37 (IST) 17 Nov 2022 92 BSE stocks hit 52-week highs, 40 fall to 52-week lows
On the BSE Sensex, 92 stocks rose to hit fresh 52 week highs. Tanfac Industries, Vesuvius India, Thacker & Co, Kirloskar Oil Engines, Global Health, Mazagon Dock Shipbuilders, Medico Remedies, G M Polyplast, Gujarat Themis Biosyn, Hindustan Aeronautics, Bharti Airtel, Cummins India and many others were among those to hit these highs. On the flip side, 40 stocks fell to their 52 week lows. Voltas, Infobean, Sudarshan Chemicals, DCX Systems, Indigo Paints, Quess Corp, Nureca, Max Financial Services were among these scrips.
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11:18 (IST) 17 Nov 2022 RateGain shares jump 1%
RateGain shares rose 1% after the company inked pact with Booking.com for seamless content
11:11 (IST) 17 Nov 2022 PB Fintech recovers after hitting new 52-week low
The stock has been under pressure since its pre-IPO lock-in expiry date 11 November 11. On 14 November, funds managed by Tiger Global — Tiger Global Eight Holdings and Internet Fund III Pte — sold a total of 1,34,17,607 shares, amounting to 2.98 per cent stake in the company. Meanwhile, CLSA has inititated a Buy call on the stock with a target price of Rs 600 per share.
10:26 (IST) 17 Nov 2022 Paytm shares tank 10%
Paytm shares plummeted 10% after nearly 6% equity changes hands on NSE via block deal. Till 09:22 AM, around 38 million shares of Paytm had changed hands on the NSE, the exchange data showed.
10:25 (IST) 17 Nov 2022 Tata Motors shares slips 2 percent after JLR CEO resigns
Thierry Bolloré, the CEO of Jaguar Land Rover (JLR), tendered his resignation on November 16 due to personal reasons. According to a statement released by Tata Motors, Bolloré will be leaving the company on December 31, 2022.
10:06 (IST) 17 Nov 2022 Nifty, Sensex trade flat in red
Indian benchmark indices were trading flat amid volatility. The Sensex was up 63.66 points or 0.10% at 62044.38, and the Nifty was up 3.30 points or 0.02% at 18413.
09:57 (IST) 17 Nov 2022 Bikaji Foods shares jump
Bikaji Foods shares rose up to 3% as Goldman Sachs Funds bought 1.7 milllion shares
09:56 (IST) 17 Nov 2022 R System shares jump
R Systems surges over 18% as Blackstone makes open offer to buy 46.3% stake
09:44 (IST) 17 Nov 2022 Paytm shares tank 9%
Paytm’s share price fell 9% on Thursday to Rs 546 on BSE. The fall comes a day after reports surfaced that Softbank announced a large stake sale in the homegrown financial services app’s parent, One 97 Communications via a block deal. Investors are rushing to exit their holding in the digital payments platform, as the price of stock plummets below Rs 550.
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09:22 (IST) 17 Nov 2022 Markets open in red
Indian benchmark indices opened lower amid weak global cues. While BSE Sensex was down over 100 pts, Nifty 50 fell below 18400 mark again.
09:21 (IST) 17 Nov 2022 Profit-booking may continue
“The market is likely to struggle in early trades Thursday, tracking weakness across the Asian indices after US gauges faltered in overnight trades. The escalating war situation in Ukraine is making investors nervous as its ramifications are huge on global trade. Besides, rising covid infections in China, and the US Fed indicating that the rate hike situation may not stop soon could trigger bouts of volatility. Also, traders are not uncomfortable with the high valuation of Indian markets, hence periodic profit-taking will continue on the street.”
09:20 (IST) 17 Nov 2022 Rupee falls
Indian rupee opened 34 paise lower at 81.64 per dollar on Thursday against previous close of 81.30.
09:20 (IST) 17 Nov 2022 Markets fall in pre-open
Benchmark indices are trading lower in the pre-opening session. The Sensex was down 123.63 points or 0.20% at 61857.09, and the Nifty was down 112.80 points or 0.61% at 18296.90.
09:04 (IST) 17 Nov 2022 Nifty trend looks positive till it holds above 18250
“The Nifty has been consolidating for the last few days after a swing high breakout on the daily timeframe. However, no classic reversal pattern has formed. The short-term, moving average is sitting well below the current index value, suggesting an ongoing uptrend. The trend looks positive till it holds above 18250. On the higher end, immediate resistance is visible at 18440-18450; above 18450 the Nifty is expected to move towards 18600-18650.”-Rupak De, Senior Technical Analyst at LKP Securities:
09:03 (IST) 17 Nov 2022 Rupee likely to depreciate amid strong dollar, risk aversion in markets; USDINR to trade in this range
The Indian rupee is likely to depreciate slightly on Thursday amid risk aversion in equity markets, strength in US dollar and elevated crude prices. The USDINR spot price is expected to trade in a range of Rs 80.50 to Rs 82.50 in next few sessions. In the previous session, rupee depreciated against the US dollar on disappointing trade data and foreign fund outflows. A negative bias on risk aversion in global markets weighed on the local unit. At the interbank foreign exchange market, rupee opened at 81.41 and settled at 81.25 against the American currency, registering a fall of 34 paise over its previous close.
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09:01 (IST) 17 Nov 2022 Centre hikes windfall profit tax on crude oil; cut rate on export of diesel
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel. In the fortnightly revision of windfall tax, the government cut the rate on export of diesel to Rs 10.5 per litre, from Rs 13 per litre. The levy on diesel includes Rs 1.50 per litre road infrastructure cess. The export tax on jet fuel or ATF, which was set at Rs 5 a litre in the last review on November 1, has not been altered.
08:34 (IST) 17 Nov 2022 Nifty could trade in 18458-18179 band for near term
“Indian markets could open mildly lower, in line with largely negative Asian markets today and lower US markets on Wednesday. Nifty is witnessing narrow range trade over the last four sessions with the close over these days being in an 80 point band. It is now due for a largish move, most likely on the lower side, although the high of this upmove is yet to be made. Nifty could trade in the 18458-18179 band for the near term.”- Deepak Jasani, Head of Retail Research, HDFC Securities
08:29 (IST) 17 Nov 2022 Reliance Securities Intraday picks
CONCOR (PREVIOUS CLOSE: 762) BUY
For today’s trade, long position can be initiated in the range of Rs 758- 754 for the target of Rs 779 with a strict stop loss of Rs 743.
SIEMENS (PREVIOUS CLOSE: 2,880) BUY
For today’s trade, long position can be initiated in the range of Rs 2,860- 2,840 for the target of Rs 2,940 with a strict stop loss of Rs 2,799.
DALBHARAT (PREVIOUS CLOSE: 1,708) BUY
For today’s trade, long position can be initiated in the range of Rs 1,692- 1,684 for the target of Rs 1,765 with a strict stop loss of Rs 1,665.
08:22 (IST) 17 Nov 2022 Trade Setup
COI Nifty: Down 2.2% | Long Closure, high volumes
COI Bank Nifty: Down 3.4% | Short Covering, high volumes
Nifty Options: Bearish | PCR: 1.14
Bank Nifty Options: Bullish | PCR: 1.4
FII bought: IF and IO
FII sold: Cash, SF and SO
“FII longs are now decisively more long than retail longs in Index Futures & this is happening at 18,400. They had highest shorts at 16,900 in October and at 15,300 in June when retail was superlong,” said Rahul Sharma, Head-Research, JM Financial Services
08:16 (IST) 17 Nov 2022 Bank Nifty outperformed
“Nifty formed a Doji candlestick for the second consecutive day, not able to cross 18,450 ahead of weekly expiry. Bank Nifty did outperform and close above 42,500 as this is the index where maximum longs have been added recently. US markets closed flat to lower Wednesday night,” said Rahul Sharma, Head-Research, JM Financial Services
08:11 (IST) 17 Nov 2022 Hindustan Zinc approves second interim dividend for FY23
The board of directors of the company on Wednesday approved second interim dividend of Rs 15.50 per equity share i.e. 775 percent on face value of Rs 2 per share for the Financial Year 2022-23 amounting to Rs 6549.24 crore. The record date for the purpose of payment of second interim dividend, as already communicated is Thursday, November 24, 2022. In the previous trading session, the share closed at Rs 319.05, up Rs 4.90, or 1.56% on the BSE
08:11 (IST) 17 Nov 2022 Despite volatility, strength in market visible
“Global markets remained cautious amid geopolitical uncertainty and UK inflation soaring to 41-year high to 11.1%. Domestically, Nifty opened flat and traded between gains and losses to finally closed flat – up just 6 points at 18410 levels. Profit booking was seen in Adani group stocks after it rallied ~20-30% in last few sessions. Selling was also seen in Realty and Metal stock. Bikaji Foods and Global health both listed on Indian bourses with decent listing gains today.
“Momentum was witnessed in Defense sector on back of new orders and global tie-ups. Despite volatility, the underlining strength in the market is clearly visible with Sensex touching new lifetime high and Nifty holding above 18400 zone. Globally, the ongoing G-20 meeting has raised hopes of some positive development to reduce geo-political tensions,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services
08:08 (IST) 17 Nov 2022 Nifty to move towards all-time high or bears to drag index below 18400? Key things to know before market opens
Domestic benchmark indices BSE Sensex and NSE Nifty 50 are expected to open in the red on weekly F&O expiry amid weak global cues. Trends SGX Nifty hinted at a flat to negative start for Indian markets as Nifty futures traded 46 pts or 0.25% lower at around 18,433 level. According to analysts, after last week’s spectacular rally, investors are in no hurry to lap up stocks despite some tailwinds in the domestic economy. “Nifty is witnessing narrow range trade over the last four sessions with the close over these days being in an 80 point band. It is now due for a largish move, most likely on the lower side, although the high of this upmove is yet to be made. Nifty could trade in the 18458-18179 band for the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
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07:58 (IST) 17 Nov 2022 Weak global cues
Wall Street’s main indices ended lower on Wednesday as investors weighed a gloomy fourth-quarter outlook cut from Target, while shares in the Asia-Pacific traded mixed in morning trade as a number of economic data is released in the region. In the US, Dow Jones Industrial Average fell 0.12%, the S&P 500 lost 0.83%, and Nasdaq dropped 1.54%. Meanwhile, in Asia, Japan’s Nikkei 225 shed 0.13%, and Topix gained 0.39%. South Korea’s Kospi fell 0.6% after a delayed open due to national scholastic exams.
07:56 (IST) 17 Nov 2022 SGX Nifty in red
Nifty futures on the Singapore Exchange traded 39.5 points, or 0.21% lower at 18,440.50, signaling that Dalal Street was headed for a flat to negative start.
