Stock Market HIGHLIGHTS: All time high closing for Nifty, Sensex; BPCL, Hero MotoCorp end among top gainers
Stock Market HIGHLIGHTS: Unfazed by the losses witnessed by their Asia peers, Indian frontline indices continued their winning streak on Monday. Nifty50 scaled a new lifetime high of 18,614.25, bettering its previous record of 18,604 on the intraday basis and finally settling at 18,562.75, up 50 points or 0.27 per cent. The S&P BSE Sensex also hit yet another lifetime high of 62701.4. The 30-stock index closed at 62,504.80, higher by 211.16 points or 0.34 per cent.
Here are key takeaway's from the day's action:
1) The top gainers were BPCL, Reliance Industries, Hero MotoCorp, Tata Consumer Products and SBI Life while the top losers were Hindalco Industries, Apollo Hospitals, JSW Steel, Tata Steel and HDFC Bank.
2) Out of the 15 Nifty sectoral indices, six ended in the red against 9 gainers. The top performer was Nifty Oil & Gas (+1.60 per cent) followed by Nifty Auto (+0.61 per cent) and Nifty FMCG (+0.34 per cent). The biggest laggards were Nifty Metal, followed by marginal losses in Nifty Consumer Durables, financial services and IT.
3) Bank Nifty ended at 43,020.45, up 0.08 per cent.
4) INDIA VIX, a gauge for volatility in Nifty was at 13.57, up 1.74 from the Friday closing.
5) There was stock specific action in broader markets as well with Nifty Mid Cap 100 and Nifty Small Cap 100 indices settling with gains. While the former closed up 0.73 per cent, the latter was higher by 1.23 per cent.
6) Out of 3,784 stocks that traded today, advances were seen in 2,092 stocks, declines in 1,511 stocks while 181 remained unchanged. 164 stock hit upper circuit while 36 hit lower circuit.
7) Dharmaj Crop Guard Limited's IPO which opened today was subscribed 0.73 times on the NSE with retail portion subscribed 1.29 times.
8) Singapore-based SGX Nifty, an early indicator of movement in Nifty50 was trading at 18,729, up 68 points or 0.36 per cent while Dow 30 Futures were trading at 34,155.50, down 191.50 points 0.56 per cent.
9) Asian markets ended in the red with top indices like Shanghai Composite and Nikkei 225 settling in the red on news of widepread protests in China against Xi Jinpping Government's decision of harsher lockdowns.
10) The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.35 per cent to 105.59. PTI
11) Global oil benchmark Brent crude futures declined 3.10 per cent to USD 81.04 per barrel. PTI
All this and much more! Watch this space for all the updates.
Stock Market HIGHLIGHTS: Unfazed by the losses witnessed by their Asia peers, Indian frontline indices continued their winning streak on Monday. Nifty50 scaled a new lifetime high of 18,614.25, bettering its previous record of 18,604 on the intraday basis and finally settling at 18,562.75, up 50 points or 0.27 per cent. The S&P BSE Sensex also hit yet another lifetime high of 62701.4. The 30-stock index closed at 62,504.80, higher by 211.16 points or 0.34 per cent.
Here are key takeaway's from the day's action:
1) The top gainers were BPCL, Reliance Industries, Hero MotoCorp, Tata Consumer Products and SBI Life while the top losers were Hindalco Industries, Apollo Hospitals, JSW Steel, Tata Steel and HDFC Bank.
2) Out of the 15 Nifty sectoral indices, six ended in the red against 9 gainers. The top performer was Nifty Oil & Gas (+1.60 per cent) followed by Nifty Auto (+0.61 per cent) and Nifty FMCG (+0.34 per cent). The biggest laggards were Nifty Metal, followed by marginal losses in Nifty Consumer Durables, financial services and IT.
3) Bank Nifty ended at 43,020.45, up 0.08 per cent.
4) INDIA VIX, a gauge for volatility in Nifty was at 13.57, up 1.74 from the Friday closing.
5) There was stock specific action in broader markets as well with Nifty Mid Cap 100 and Nifty Small Cap 100 indices settling with gains. While the former closed up 0.73 per cent, the latter was higher by 1.23 per cent.
6) Out of 3,784 stocks that traded today, advances were seen in 2,092 stocks, declines in 1,511 stocks while 181 remained unchanged. 164 stock hit upper circuit while 36 hit lower circuit.
7) Dharmaj Crop Guard Limited's IPO which opened today was subscribed 0.73 times on the NSE with retail portion subscribed 1.29 times.
8) Singapore-based SGX Nifty, an early indicator of movement in Nifty50 was trading at 18,729, up 68 points or 0.36 per cent while Dow 30 Futures were trading at 34,155.50, down 191.50 points 0.56 per cent.
9) Asian markets ended in the red with top indices like Shanghai Composite and Nikkei 225 settling in the red on news of widepread protests in China against Xi Jinpping Government's decision of harsher lockdowns.
10) The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.35 per cent to 105.59. PTI
11) Global oil benchmark Brent crude futures declined 3.10 per cent to USD 81.04 per barrel. PTI
All this and much more! Watch this space for all the updates.
Latest Updates
This is all from the day's action. I will come back with all the LIVE action tomorrow - 29 November 2022, Tuesday. Till then, be safe and have a great day!
Market LIVE: The markets came off day's highs dragged by metal stocks. Hindalco Industries, JSW Steel and Tata Steel were among the top losers.
Stock Market Today - Metals lose shine
Metals were among top laggards on Monday with Nifty Metal - a gauge of movement in metal stocks - falling over 1 per cent. In the 15-stock index, 5 gained against 10 losers. The top gainers were Welspun Corp, MOIL and Hindustan Zinc while the top losers were Jindal Steel, Hindalco Industries and Vedanta Limited.
Source: NSE
Stock Markets: Exclsive Today
Markets Today - LIVE UPDATES
Bank Nifty was off its day's highs of 43,159.80 and was up 0.22 per cent from the last closing. The top gainers in this 12-stock index were Bandhan Bank and IDFC First Bank. HDFC Bank was the lone loser in this and was down 1 per cent.
Market LIVE - Stocks in Ban
Stocks in Focus: Zomato shares were up over 1 per cent and trading Rs 64.70, up by Rs 0.70 or 1.09 per cent. The stock was reacting positively on news of Amazon closing its food delivery business.
Stock Markets Today - Nifty, Sensex widen gains
Nifty50 was trading at 18,613.45, up 100.70 points or 0.54 per cent while BSE Sensex was trading at 62,671.98, up 378.34 pooints or 0.61 per cent. 12-stock Nifty Bank index was trading at 43,106.45, higher by
122.50 points or 0.28 per cent.
Commodity Live - Startegy on Gold, Silver futures
Buy December Gold futures at Rs 52300 with a stop loss of Rs 52050 and price target of Rs 52700 while buying is recommended at Rs 61000 with a stop loss of Rs 60300 and price target of Rs 6250, says commodity expert Anuj Gupta of IIFL Securities.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Markets LIVE: Government could consider giving management control in state-run fertilizer companies; NFL, RCF shares shoot up
The government could consider giving management control of state-run fertilizer companies as it vies to divest its stake, Zee Business Correspondent Tarun Sharma reported.
Citing it as good news, Sharma said that an Offer For Sale (OFS) of government owned Rashtriya Chemicals and Fertilizers (RCF) Limited and National Fertilizers Limited (NFL) is likely to come where the government intends to sell 10 per cent stake in the former while 20 per cent in the latter.
Both these companies have received great response but big feedback has come on this, Sharma said citing his top sources.
The feedback is to transfer the management control of these companies and the government is mulling over it.
The stock prices shot up on this news with RCF shares trading around Rs 126 on the NSE, up nearly 6 per cent. NFL shares were up nearly 5 per cent and were trading at Rs 59.50 at the time of breaking of the news.
Madras Fertilizers shares were also up 5 per cent and were trading at Rs 53.95 while SPC was trading at Rs 66.85, up over 4 per cent.
Stock Market Today - IPO Watch
Dharmaj Crop Guard IPO issue which opened today were subscribe 0.41 times on the NSE as per the data available on the official website. The retail subscription was 0.75 times.
Stock Markets Today - How broader markets are trading
Broader markets were also trading with strong purpose as stock specific action was witnessed in mid cap and small cap counters. In Nifty Mid Cap 100 index, 69 stocks advanced while 30 declined and 1 stock remained unchanged. The top gainers were Hindustan Petroleum, Motherson Sumi and Tube Investments of India while the top losers were Gujarat State Petronet Limited (GSPL), Jindal Steel and Indian . 
Energy Exchange (IEX)
Stock Markets Today - Nifty RECLAIMS Mount 18604 after 13 months
Nifty reclaimed 18604 after nearly 13 months and the surge was led by energy stocks, private banks and auto.
Source: NSE
Fertliser Stock in Action - Markets Live
Stock Market Today - Fertiliser sector in action
