Closing Bell: Sensex snaps 7-day winning streak, drops 132 pts; Nifty holds 20,900; Tata Power soars 11%, Network18 tanks 8%
The Nifty remained sideways during the session, hovering within the bands of 20850-20950. Sentiment remains somewhat cautious ahead of the RBI policy meet. The near-term trend remains sideways to weak as long as it stays below 21000, a psychologically crucial level. A decisive breakout above 21000 might induce a resumption of the uptrend. Until then, we anticipate weakness over the near term
– Rupak De, Senior Technical analyst at LKP Securities
The Bank Nifty index exhibited sideways momentum in the session preceding the RBI policy announcement. The lower-end support for the index is situated at 46500-46400, and as long as it maintains levels above this zone, the stance remains in a buy-on-dip mode. Immediate resistance on the upside is identified at 47000, and a decisive breakthrough at this level is anticipated to propel the index further upwards towards the 47500 mark.
– Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
03:42:53 PM IST, 07 December 2023
Indian companies’ rupee bond issuance at record in 2023 on jumbo debt sales
Indian companies raised around Rs 914 billion ($10.97 billion) through the private placement of bonds in November, pushing the overall issuance to Rs 8.83 trillion for 2023, the highest for any calendar year, according to data from information provider Prime Database.
03:37:25 PM IST, 07 December 2023
Rupee falls 4 paise to close at 83.36 (provisional) against US dollar.
03:37:01 PM IST, 07 December 2023
Top gainers & losers in closing trade
03:36:18 PM IST, 07 December 2023
Closing Bell: Sensex snaps 7-day winning streak, drops 132 pts; Nifty holds 20,900; Tata Power soars 11%, Network18 tanks 8%
02:49:10 PM IST, 07 December 2023
Stock Market Live Updates: Euro sags, yen jumps as investors bet on BOJ shift
The euro grazed a three-week low on Thursday, driven by mounting expectations that the European Central Bank (ECB) may cut rates as early as March, while the prospect of a shift in Japanese policy gave the yen its biggest one-day boost since January. The euro is heading for its biggest weekly fall since May, fuelled by a dramatic repricing of interest rate expectations for 2024, although caution around Friday’s US non-farm payrolls has kept trading volatility subdued.
02:43:53 PM IST, 07 December 2023
Stock Market Live Updates: Natco Pharma ops at Manali Industrial Area, Chennai, Tamil Nadu factories temporarily disrupted
02:14:17 PM IST, 07 December 2023
Asia, Europe track Wall St stock losses as US jobs market softens
After a November rally built on optimism that the US Federal Reserve will cut interest rates next year, markets have pulled back this month on concerns the buying may have been overdone.
02:02:15 PM IST, 07 December 2023
Tata Power becomes 6th Tata group firm to cross Rs 1 lakh crore market cap
At 1:10 pm the Tata Power’s market cap stood at Rs 102,170.98 lakh crore. The price action was supported by strong volumes with nearly 8 crore shares changing hands around 1 pm. On December 6, the market cap of Tata Power stood at Rs 93,974.94 crore.
01:35:18 PM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Canara Bank has set a coupon of 8.40% on its Basel III compliant additional Tier I perpetual bonds, three merchant bankers said on Thursday. The state-run lender has accepted bids worth 14.03 billion rupees ($168.37 million) and had invited bids for the issue earlier in the day.
01:34:06 PM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: SpiceJet likely to raise $120 million-$144 million fresh capital – ET Now
01:15:49 PM IST, 07 December 2023
Crypto Price Today: Bitcoin holds near $44,000; XRP, Cardano rise up to 5%
At 12.22 a.m., BTC was trading 0.6% higher at $43,865, while the second most popular token, Ethereum, was down 0.4% at $2,260.
“Bitcoin is presently trading around the $43,900 level, continuing the bullish growth of the last few days. To continue this positive momentum, Bitcoin will need to clear the resistance at $44,260 or risk finding support around the $43,700 level,” said Edul Patel, CEO of Mudrex.
01:07:44 PM IST, 07 December 2023
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12:55:11 PM IST, 07 December 2023
Stock Market Live Updates: Shares of Adani Total Gas have turned multibagger in just eight sessions giving returns of 115%. On Thursday, the stock jumped 10% and hit the day’s high of Rs 1,053.30 amid significant volumes. Around 11 am, 0ver 82.45 lakh shares changed hands on the NSE.
12:25:02 PM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Marine Electricals (India) received order amounting to Rs 20.25 crore for supply, testing & commissioning of LT panels
12:21:33 PM IST, 07 December 2023
Stock Market Live Updates: Bajaj Electricals receives order from office of Asst. Commissioner of Income Tax; co gets refund of Rs 11.17 crore
12:06:08 PM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Gravita India says unit in Tanzania, East Africa started commercial production of recycled polypropylene granules
- Production from new plastic recycling plant having an annual capacity of around 1,800 MTPA
- Made investment of about 22.5 million rupees for procurement and commissioning of recycling plant
11:42:28 AM IST, 07 December 2023
Stock Market Live Updates: Tokyo stocks end lower
Tokyo stocks ended lower on Thursday after Wall Street fell as the US job market cooled further and oil prices tumbled. The benchmark Nikkei 225 index lost 1.76 percent, or 587.59 points, to end at 32,858.31, while the broader Topix index slid 1.14 percent, or 27.29 points, to 2,359.91. (Source: AFP)
11:32:33 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Shares of telecom major Bharti Airtel fell over 2% to Rs 1,000.3 in Thursday’s trade on BSE amid reports of a block deal executed on the counter.
11:25:35 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: JM Financial upgrades Tata Power to buy with target price of Rs.350
11:19:35 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: SpiceJet to consider raising fresh capital through the issue of equity shares in its Board meeting on December 11.
11:11:32 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Top 5 gainers from the power sector
10:52:22 AM IST, 07 December 2023
Sensex Today | Market Live Updates: There is no such proposal under consideration to reduce the ethanol production, sources tell ET NOW
10:50:36 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates | Wardwizard Innovations & Mobility dispatches 2,563 unitsof electric two-wheelers in November 2023.
10:40:13 AM IST, 07 December 2023
Sensex Today | Stock Market View: Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities on Paytm post analyst call
To put things into perspective, as recently as the 2Q result call, Paytm has guided the following on loan growth: (1) Personal loans would remain muted for 2 more quarters and a 30-40% YoY growth can be expected (2) Merchant loans growth will be healthier and in excess of 50-60% and (3) On a blended basis, total credit growth would be 40-50%. This guidance itself called for a material slowdown from FY23 levels.
Now, in today’s call, Paytm has stated that (1) For personal loans, the growth would 15-20%, which is materially lower than the earlier guidance in the 2Q call (2) For merchant loans, the growth would be 30-45%, which is also materially lower than the earlier guidance in the 2Q call (3) For postpaid loans, disbursement run rate is expected to halve, which is a significantly material downward revision.
We note that Paytm has flagged that the impact on profitability would be lower given that postpaid is a business of lower profitability. However, today’s commentary, in a sense, calls into question the broad thesis that Paytm was fast transforming from a Payments-focused company to a Loan distribution-focused company. The key question to ask is what proportion of its overall customer base would Paytm be ultimately be able to convert into loan customers in the long-run.
10:26:44 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates | Sugar stocks under pressure as India is considering curbing ethanol production from sugar cane as the world’s largest consumer of the sweetener battles domestic shortages.
10:25:22 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Reliance Industries (RIL), the country’s most valuable company, is in talks with sugar mill operators for supply of sugarcane press mud, a feedstock for the production of compressed biogas, said two people aware of the development.
10:16:52 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: These stocks defy market mood, jump up to 14%
09:55:55 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates | IRCON International shares declined nearly 8% after the union government proposed to sell 8% equity in the company through an offer for sale (OFS), which opens today.
09:44:14 AM IST, 07 December 2023
Stock Market Live Updates: SEBI issues show-cause notices to FPIs that owned big stake in Adani Group cos – Media Sources
09:41:47 AM IST, 07 December 2023
Stock Market Live Updates: Paytm opened with a 20% lower circuit as the company to curtail low-value personal loans after the central bank clampdown while it looks to expand its high-ticket personal loans and merchant loans.
09:36:20 AM IST, 07 December 2023
Stock Market Live Updates: Adani Ports and Special Economic Zone is in early talks to acquire real-estate conglomerate Shapoorji Pallonji Group’s (SP Group) Gopalpur port in Odisha for about 11-12 billion rupees ($132-$144 mln), The Economic Times reported on Thursday.
09:25:24 AM IST, 07 December 2023
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
There are three factors that can keep the market resilient. One, steady decline in U.S. bond yields (10-year around 4.1% now) has created a global environment favourable for equities. Two, India’s GDP growth rate is improving and inflation is coming down. The steadily declining crude price is another big positive. Three, political uncertainty surrounding the 2024 General elections appears to be out of the way after the crucial state election results. These factors have emboldened the bulls and bears have been forced to cover their short positions. In spite of these favourable factors, there will be dips in the market triggered by profit booking at higher levels.
09:22:13 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: BLOCK DEAL IN IDFC FIRST Bank > 1.9% equity traded
09:21:18 AM IST, 07 December 2023
Stock Market Live Updates | BLOCK DEAL | Bharti Airtel’s 0.3% equity change hands
09:21:05 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Adani Ports and Special Economic Zone is in early talks to acquire real-estate conglomerate Shapoorji Pallonji Group’s Gopalpur ports in Odisha for about 11-12 billion rupees ($132-$144 mln), newspaper daily The Economic Times reported on Thursday.
09:20:18 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates | BEL, IDFC First among most active stocks in morning trade
09:19:36 AM IST, 07 December 2023
Opening Bell: Sensex falls 200 points, Nifty below 20,900; Paytm tumbles 19%, Ircon 8%
09:15:09 AM IST, 07 December 2023
FOREX WATCH | Rupee falls 4 paise to 83.36 against US dollar in early trade
09:06:03 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates| Pre-open session: Sensex gains 85 points, Nifty tad bit lower
This Thursday morning brings two positive developments: WTI Oil hits a 5-month low at $70.70 a barrel, affecting stocks like Asian Paints and Indigo, while the 10-year US Treasury yields drop to 4.415, favoring IT & Software stocks. With positive global cues, Nifty may see its 8th consecutive day of gains, maintaining a winning streak through December. The focus is on Nifty’s psychological 21,000 mark, and from a technical standpoint, corrective declines to 20,801 are expected to find support, but hurdles lie at 21,000. Options data suggests a trading range of 20100-21200, with resistance at 21000. Economic catalysts include the RBI’s MPC meeting and Friday’s US Nonfarm Payrolls. In summary, Nifty bulls aim to explore new territories. The preferred trade for Nifty (20938) is to buy between 20800-20850, with a stop at 20531, targeting 21000/21113, and aggressive targets at 21500. For Bank Nifty (46835), the recommendation is to buy between 46100-46300, with a stop at 44501, targeting 47311/47501, and aggressive targets at 47801-48000.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
09:01:47 AM IST, 07 December 2023
Stock Market Live Updates | Asian shares fall with Wall Street, oil helps boost bonds
There was also a soft reading on the U.S. labour market overnight. Analysts note the ADP private payrolls report is historically not a very reliable predictor of the official non-farm payroll report due on Friday, making the weekly jobless claims later in the day more important.
08:41:46 AM IST, 07 December 2023
DOMS Industries IPO: Price band fixed at Rs 750-790/share
DOMS Industries has announced the price band for its upcoming initial public offer (IPO) at Rs 750-790 per equity share. The mainboard IPO will open for subscription on December 13, Wednesday and close on December 15, Friday.
08:03:26 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Gift Nifty signals negative start
Nifty futures on the Gift Nifty traded 56 points or 0.27% lower at 21,045.50, signalling a breather for the equity market bulls following a seven-day rally.
08:03:34 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Shares in Asia fall
- Hang Seng futures fell 0.2%
- Japan’s Topix fell 0.7%
- Australia’s S&P/ASX 200 fell 0.1%
- Euro Stoxx 50 futures rose 0.8%
08:02:56 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: US equities end lower
- S&P 500 declined 0.39%
- Nasdaq Composite Index fell 0.58%
- Dow Jones Industrial Average slid 0.19%
08:02:42 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Dollar at 2-week high
- The US dollar was at a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank (ECB) will cut interest rates as early as March.
- The dollar index, which measures the currency against six other majors, was last up 0.19% at 104.16. The euro was down 0.29% to $1.0764.
- The euro was little changed at $1.0767
- The Japanese yen rose 0.1% to 147.16 per dollar
- The offshore yuan was little changed at 7.1728 per dollar
- The Australian dollar was little changed at $0.6551
08:02:24 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Oil prices steady after overnight plunge
Brent crude futures edged up 0.4% to $74.60 a barrel while U.S. West Texas Intermediate futures rose 0.5% to $69.73 a barrel.
08:02:12 AM IST, 07 December 2023
Sensex Today | Stock Market Live Updates: Stocks in F&O ban today
2) Indiabulls Housing Finance
3) ZEE
4) India Cements
5) SAIL
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
08:01:58 AM IST, 07 December 2023
FII/DII action
Foreign portfolio investors were net sellers at Rs 79 crore on Wednesday. DIIs bought shares worth Rs 1370 crore.
08:01:51 AM IST, 07 December 2023
Rupee Watch
The rupee rose 5 paise to close at 83.32 against the US dollar on Wednesday, helped by a bullish trend in domestic equities and lower crude oil prices.
08:01:28 AM IST, 07 December 2023
Sensex hits a new peak, but ends short of mount 70K
India’s stock benchmarks on Wednesday rose to all-time highs for the third straight day led by information technology stocks. Gains were, however, limited due to concerns that the market may be overbought after the recent run-up. The Sensex fell 347 points short of the 70,000 mark and the Nifty ended 63 points below 21,000. NSE’s Nifty closed at 20,937.70 on Wednesday, up 82.60 points or 0.4%. BSE’s Sensex ended at 69,653.73, up 357.59 points or 0.52%.
