Share Market HIGHLIGHTS: Nifty50 down 10 pts at 19,802, Sensex holds 66,000 as D-Street halts two-day winning run
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a session full of see-saw moves barely changed on Thursday, November 23, taking mixed cues amid thin holiday trade across global markets. Selling pressure in IT stocks, such as Tata Consultancy Services (TCS) and Infosys, offset buying interest in financial and auto counters, such as HDFC Bank, Bajaj Auto and Hero MotoCorp.
Catch all the highlights of the November 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a session full of see-saw moves barely changed on Thursday, November 23, taking mixed cues amid thin holiday trade across global markets. Selling pressure in IT stocks, such as Tata Consultancy Services (TCS) and Infosys, offset buying interest in financial and auto counters, such as HDFC Bank, Bajaj Auto and Hero MotoCorp.
Catch all the highlights of the November 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Closing Bell | Nifty50 down 10 pts at 19,802, Sensex holds 66,000 as D-Street halts two-day winning run
Both headline indices finish the day largely unchanged, with the Sensex declining 5.4 points to 66,017.8 and the Nifty50 giving up 9.9 points to settle at 19,802 for the day.
Here's how the gauges moved during the course of the day:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
Share Market Today LIVE | Tata Technologies IPO subscribed 12.15 on Day 2 so far; check out subscription status, lot size, price band
On Thursday (Day 2), Tata Technologies' share sale received bids for 54,71,33,250 shares against 4,50,29,207 shares on offer. Overall, the public issue has been subscribed 12.15 times on the second day of the bidding process.
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | 6.87 |
| Non-institutional investors | 24.15 |
| Retail investors | 9.62 |
| Overall | 12.15 |
| Source: Exchange data |
|
Share Market Today LIVE | Gandhar Oil Refinery IPO subscribed 11.53 times on Day 2 so far
Gandhar Oil Refinery's share sale has received bids for 24,48,56,656 shares against 2,12,43,940 shares on offer. Overall, the public issue has been subscribed 11.53 times in the bidding process on Day 2 so far.
Gandhar Oil Refinery subscription status
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | 1.52 |
| Non-institutional investors | 19.19 |
| Retail investors | 13.77 |
| Overall | 11.53 |
| Source: Exchange data |
|
Share Market Today LIVE | Nifty IT slips below 32,500, trades nearly 100 pts lower
Source: NSE
Share Market Today LIVE | Nifty Bank trades nearly 100 pts
Source: NSE
Share Market Today LIVE | HDFC Securities initiates buy on this apparel stock; did you invest in its IPO?
The calendar year 2023 has turned out to be a phenomenal year for initial public offerings (IPOs) in India after a volatile 2022, given improving market conditions. A host of companies from diverse sectors launched their public issues to raise money. Moreover, many others are in the pipeline to go public.
After a bull run in 2021, 2022 brought volatility due to high inflation, rising interest rates, and geopolitical tensions. As a result, many companies scrapped their IPO plans, citing unfavourable market conditions. However, in 2023, the total number of IPO listings has risen sharply and reached the highest level in the past five years, according to Trendlyne. Read more
Share Market Today LIVE: Nifty, Sensex turn flat; Cipla slides 6%, Hero MotoCorp up 4%
Tata Technologies IPO LIVE | Issue subscribed 8.4 times so far on Day 2; retail portion booked 7.2 times, NII 15.5 times
The IPO has received bids for a total of 37.6 crore Tata Technologies shares as against the 4.5 crore shares on offer, according to provisional exchange data. Here's how various types of investors have responded to the issue so far:
| Investor category | Subscription (No. of times the shares on offer) |
| Qualified institutional buyers (QIBs) | 4.1 |
| Non-institutional investors (NIIs) | 15.5 |
| Retail | 7.2 |
| Employees | 1.6 |
| Shareholders | 12.1 |
| Overall | 8.4 |
Share Market Today LIVE | TVS Motor skyrockets to new all-time high as firm expands global footprint
Shares of two-wheeler major TVS Motor Company in Thursday's trade (November 23) rally as much as 2.63 per cent to mark their new all-time high of Rs 1,784 on the BSE. The rally triggers after the company forayed into Vietnam.
In a press release late on Wednesday, the company said it has entered the Vietnamese market in collaboration with Minh Long Motor, its distribution partner. TVS Motor Company will offer a range of scooters and underbone motorcycles across multiple price points, in keeping with its commitment to responsible and sustainable mobility. The company’s entry into Vietnam is its second major global foray in two weeks. Last week, the company announced its entry into Europe, starting with France," added the company's release. Read more
Share Market Today LIVE | Cipla, L&T, ICICI Bank among top drags in Nifty 50
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | CDSL crosses milestone of 10 crore demat accounts; depository stock zooms
Central Depository Services (India) Ltd (CDSL) shares zoom after the depository services provider said it had reached the milestone of more than 10 crore registered demat accounts. CDSL—the only listed depository in the country—said that it became the first depository to register 10-crore demat accounts.
Central Depository Services shares are trading with a gain of Rs 61.75, or 3.59 per cent, at Rs 1,780.75 apiece on NSE. Read more
Share Market Today LIVE | Mamaearth parent Honasa Consumer clocks in 20% circuit on Q2 earnings; Jefferies maintains Buy
Shares of Honasa Consumer, the parent company of personal care brand Mamaearth, that debuted recently, lock in a 20 per cent circuit at Rs 423.75 on NSE after the company posted a good set of numbers for the September quarter on Wednesday. Read more
TCS buyback | IT major to trade ex-date tomorrow
Tata Consultancy Services (TCS) shares will turn ex-date tomorrow, November 24, for the earlier announced buyback via the tender offer route. The board of directors of TCS approved a proposal to buy back up to 4,09,63,855 equity shares of the company for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12 per cent, of the total paid-up equity share capital, at Rs 4,150 apiece in a meeting held on October 11. Read more
Share Market Today LIVE | Bajaj Auto and TVS Motor hit all-time highs, Hero MotoCorp races to 52-week high after JP Morgan revises targets
Bajaj Auto and TVS Motor shares hit all-time highs, while Hero MotoCorp hits its sixth 52-week high in nine days as auto stocks showed strong rally on NSE on Thursday (November 23) after brokerage JP Morgan raised targets on two-wheeler stocks.
Bajaj Auto gains to an all-time high of Rs 5,945; TVS Motor races to its all-time high of Rs 1,784.95 while Hero MotoCorp hits a 52-week high at 3,552.65 on NSE. Read more