Stock Market Highlights: 19,850 proving big hurdle for Nifty bulls. What traders should do
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05:29:38 PM IST, 22 November 2023
Tech View: 19,850 proving big hurdle for Nifty bulls. What traders should do on Thursday expiry
While 19850 is proving to be a tough resistance to break, the short- term trend of Nifty remains range bound with positive bias. A decisive move above 19850-19900 levels is expected to open sharp upside towards new all-time highs. Any weakness from here could find support around 19650 levels, said Nagaraj Shetti of HDFC Securities.
04:40:55 PM IST, 22 November 2023
FTSE 100 rises on higher gold prices, Sage results
The large-cap FTSE 100 gained 0.1% at 8:12 GMT, while the mid-cap index was up 0.2%.
Precious metal miners rose 0.5% as gold prices moved higher due to the weaker dollar and dip in U.S. bond yields amid expectations that the Federal Reserve was done hiking interest rates.
03:46:16 PM IST, 22 November 2023
Rupee falls 4 paise to close at 83.32 (provisional) against US dollar.
Despite FED adopting a cautious stance in its minutes and refraining from indicating a rate cut, the market recovered from the day’s correction and ended with mild gain. On the other hand, the broad market witnessed some profit booking as investors’ focus shifted to the primary market, marked by a set of IPOs scheduled for this week. However, the undercurrent is positive, with a cooling of inflation and an easing US bond yield supporting a short- to medium-term rally.
– Vinod Nair, Head of Research at Geojit Financial Services
03:36:23 PM IST, 22 November 2023
Top gainers & losers in closing trade
03:33:54 PM IST, 22 November 2023
Closing Bell: Sensex gains 92 points in volatile trade; Nifty above 19,800; CG Power soars 20%, Motilal Oswal falls 6%
03:20:24 PM IST, 22 November 2023
Prashanth Tapse, Senior VP (Research), Mehta Equities
Among the 4-5 IPO’s, Tata Tech IPO is high in demand among all kinds of investors due to its legacy and business performance, Oversubscription is in line with street expectations and expected to beat the street in next 3 days. Tata Technologies also received a huge response from anchor investors and allocated 1,58,21,071 equity shares at a price of Rs 500 per share. Global investors like Goldman Sachs, Government Pension Fund Global, BNP Paribas Funds, Prudential Assurance Company, HSBC Global, Florida Retirement System, Oaktree Emerging Markets and others participated in the anchor book. We like the company’s strong established brand and diverse product portfolio across different product categories from traditional OEM’s to new age energy vehicles…We think outsourcing business model would be in great demand going forward in engineering services and digital transformation services to global manufacturing clients helping clients to deliver better products, Valuations are reasonably priced and we strongly recommend all set of investors to SUBSCRIBE the issue for Long term.”
02:39:59 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates | Block Deal Alert: 28.7 lakh shares of Delhivery change hands
02:22:25 PM IST, 22 November 2023
European stocks open higher before UK budget
London’s benchmark FTSE 100 index rose 0.3 percent to 7,501.98 points ahead of UK finance minister Jeremy Hunt’s budget update, which is known as the Autumn Statement.
01:50:37 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Sunita Tools receives contracts worth Rs 3.54 crore for different kind of mould base.
01:28:04 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Lakshmi Ramakrishna Srinivas, one of the pioneers in the field of banking, has been appointed as Additional Director of South Indian Bank. She has been appointed as a non-executive independent director of the bank for a period of three years from November 20, 2023.
01:26:48 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: South West Pinnacle Exploration Ltd (SWPE) has secured a Rs 38-crore order from state-run Hindustan Copper for surface exploratory diamond core drilling in Rajasthan. “We have received a work order from Hindustan Copper Limited for surface exploratory Diamond Core Drilling in the state of Rajasthan. The aggregate value of work is Rs 38 crore including GST,” SWPE said in a regulatory filing on Tuesday.
01:25:58 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Dr Reddy’s Laboratories, Glenmark Pharma and Zydus are recalling products in the US market for manufacturing issues, according to the US Food and Drug Administration (USFDA). In its latest enforcement report, the US health regulator said Princeton-based Dr Reddy’s Laboratories, Inc, a unit of the Hyderabad-based drug firm, is recalling 1,656 bottles of Montelukast sodium tablets.
01:15:41 PM IST, 22 November 2023
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01:14:29 PM IST, 22 November 2023
Top gainers & losers at this hour
12:50:03 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: CG Power and Industrial Solutions files application seeking approval to set up outsourced semiconductor assembly and test facility
12:40:53 PM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Techknowgreen Solutions receives new work orders worth Rs 3.403crore; stock up 3%
12:19:37 PM IST, 22 November 2023
Japan’s Nikkei rebounds from one-week low despite chip drag
The Nikkei closed up 0.29% at 33,451.83. Of its 225 components, 171 stocks advanced, 52 fell and two traded flat.
11:52:38 AM IST, 22 November 2023
Stock Market LIVE Updates: Gandhar Refinery IPO fully subscribed
- QIB Portion: NIL
- NII Portion: 1.60X
- Retail Portion: 1.85X
- Overall: 1.28X
11:39:18 AM IST, 22 November 2023
Indian rupee has exhibited low volatility and orderly movements despite elevated US treasury yields, says Shaktikanta Das.
11:34:26 AM IST, 22 November 2023
Goldman Sachs expects Saudi Arabia and Russia to extend oil supply cuts
- Says expect Saudi Arabia and Russia to announce an extension of their extra voluntary cuts through at least 2024Q1
- Says base case is that policymakers leave voluntary group cut unchanged given near-average inventory levels and timespreads, already low Saudi Market share, and Opec’s strong demand forecast
11:32:37 AM IST, 22 November 2023
We are completely focused on inflation now, even though core and headline inflation prints are falling, says RBI Governor Shaktikanta Das.
11:07:25 AM IST, 22 November 2023
Stock Market LIVE Updates | Shares of IDBI Bank plunged over 4% to the day’s low of Rs 59.50 on the NSE on Wednesday following the news of the cancellation of bidding process to hire an asset valuer for government’s planned share sale in the lender.
10:46:16 AM IST, 22 November 2023
Stock Market LIVE Updates | Tata Tech IPO gets fully subscribed
QIB Portion: 1.98x
NII Portion: 1.25x
Retail Portion: 86%
Employee Portion: 11%
Shareholder Portion: 95%
Overall: 1.17X
10:34:29 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Jio Financial applies to RBI for conversion to CIC from NBFC
10:30:59 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Top 5 gainers from the pharma pack
10:08:19 AM IST, 22 November 2023
Gandhar Oil, Flair Writing & Fedbank Financial IPOs kick off. Should you bid for them?
Three IPOs — Gandhar Oil, Flair Writing and Fedbank Financial — kicked off for subscription on Wednesday. All the issues will close on November 24.
09:54:05 AM IST, 22 November 2023
Tata Technologies IPO opens for subscription today. Should you apply?
Some of the marquee funds which participated in the anchor round include Fidelity, HSBC, Goldman Sachs, JM Financial MF, Kotak MF, Axis MF, Motilal Oswal, Edelweiss MF and Mirae Asset among others.
09:48:01 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Govt cancelled IDBI Bank valuer process due to single bid
09:45:55 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Tata Motors shares marginally higher ahead of the launch of Tata Tech IPO
09:33:21 AM IST, 22 November 2023
Market view from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The uptrend in the market is intact with global support coming from the easing US bond yields. The US 10-year bond yield at 4 percent is a strong pillar of support for equity markets. Resilience in large-caps like RIL, Bharti and HDFC Bank can continue to support the uptrend. An important market technique is that the daily market range is getting narrower. This may preclude sharp moves in the market. Today the focus of the market will be on the opening of the four IPOs. Lot of money is likely to go into the high quality Tata Technology IPO. Investors can continue to accumulate high quality large-caps, particularly in banking and autos where the margin of safety is high.
09:31:04 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates | Evive Biotech and Acrotech Biopharma (subsidary of Aurobindo Pharma) announce FDA Approval of Ryzneuta™for Chemotherapy-Induced Neutropenia
09:27:28 AM IST, 22 November 2023
Rupee falls 4 paise to 83.32 against US dollar in early trade.
09:20:44 AM IST, 22 November 2023
Stock Market LIVE Updates | Ashok Leyland, Ircon among most active stocks in morning trade
09:18:16 AM IST, 22 November 2023
Opening Bell: Sensex flat, Nifty nears 19,800; ITD jumps 3%, IDBI Bank drops 4%
09:05:40 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 120 points; Nifty below 19,760
08:59:32 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Jindal Stainless been informed by SBICap Trustee co that pledge of shares being released; There would not be any equity shares pledged with lenders
08:51:55 AM IST, 22 November 2023
Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
In yesterday’s trading, Nifty surged on hopes of Chinese stimulus, positive global cues, a dovish Federal Reserve, and a weakened US Dollar. The Federal Reserve’s cautious stance, revealed as breaking news, prompts caution for Nifty bulls amid the aftermath of hawkish November FOMC minutes. Technical support is seen at 19,681, with victory for bulls above 19,889. Nifty’s likely trading range is 19,100-19,800. Wall Street is closed Thursday for Thanksgiving, with a half-day on Friday. Subscribe ratings are assigned to Tata Technologies, IREDA, and Fedbank Financial Services IPOs. Preferred trades involve Nifty, Bank Nifty, and bullish outlooks for select stocks. PI INDUSTRIES is recommended for immediate consideration. The finance ministry’s October report underscores ongoing inflationary risks.
08:50:20 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Aurobindo Pharma- Evive Biotech, Acrotech Biopharma announce FDA approval of Ryzneuta
08:18:07 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Asian stocks slip as dovish Fed cheer fades
Asian stocks backed away from 2-1/2-month high on Wednesday and the dollar found support as investors’ tempered some of their earlier enthusiasm about the prospect of an end to U.S. rate hikes.MSCI’s broadest index of Asia-Pacific shares outside Japan has gained more than 3% since a week ago and hit its highest since September on Tuesday. But it fell 0.2% in early trade on Wednesday. Japan’s Nikkei rose 0.5%.
07:58:39 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Dollar hovers near 2-1/2-month lows, easing pressure on yen
The dollar index held around 2-1/2-month lows after minutes of the Federal Reserve’s last meeting did little to dislodge market expectations that its monetary tightening cycle was over.
07:55:52 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Gold eases below $2,000 mark as dollar halts slide
Gold held below the key $2,000 level on Wednesday, as the dollar stabilised from its recent drop, although expectations that the U.S. Federal Reserve has reached the end of its tightening cycle put a floor under bullion prices
07:23:23 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Rise above 19850 might spark rally towards 20K
Nifty on Tuesday ended 89 points stronger to form a small positive candle with upper shadow on the daily chart.
07:22:30 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Rupee rises 10 paise against US dollar
The rupee recovered from its all-time low to settle 10 paise higher at 83.28 against the US dollar on Tuesday, tracking the weakness of the American currency in the overseas market and positive domestic equities.
07:24:08 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: S&P 500, Nasdaq close down, ending 5-session winning streaks; retailers, tech weak
U.S. stocks retreated on Tuesday, with the S&P 500 and Nasdaq snapping five-session winning streaks as retailers declined after some disappointing outlooks and as technology shares fell.
07:23:16 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 27.5 points, or 0.14 per cent, at 19,857.5, signaling that Dalal Street was headed for positive start on Wednesday.
07:22:49 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Oil prices little changed ahead of U.S. stocks data, potential OPEC+ cuts
Oil prices were largely unchanged in Asian trade on Wednesday as a potentially big build-up of U.S. crude cancelled out gains triggered by likely supply cuts from the OPEC+ producers group.
07:22:38 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Tokyo shares rebound in early trade
Tokyo shares reversed earlier losses on Wednesday despite a drop on Wall Street.The benchmark Nikkei 225 index rebounded after starting under water to add 0.32 percent, or 105.76 points, to 33,459.90 in morning trade, while the broader Topix index added 0.46 percent, or 10.25 points, to 2,378.04.
07:22:57 AM IST, 22 November 2023
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday
The 30-share BSE benchmark Sensex surged 276 points or 0.41% to settle at 65,930. The broader NSE Nifty gained 89 points or 0.45% to end at 19,750.
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