Stock Markets

Closing Bell: Sensex halts record run, nosedives 931 pts; Nifty at 21,150; all sectoral indices bleed


04:23:26 PM IST, 20 December 2023

HDFC bank raises Rs 7,425 cr via infrastructure bond issue

HDFC Bank on Wednesday said it has raised Rs 7,425 crore via non-convertible bonds for funding infrastructure and affordable housing projects. The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said in a regulatory filing.
As many as 7,42,500 bonds of face value Rs 1,00,000 each were issued to raise Rs 7,425 crore for funding infrastructure and affordable housing projects, it said.

04:06:19 PM IST, 20 December 2023

Parth Nyati, founder of Tradingo on why market crashed today

Euphoria turned into a gut punch for the market today, as the Nifty tumbled 500 points from its peak to finish over 300 points lower. While the reason for the sudden reversal remains unclear, several factors could be at play. The easy money sentiment buoyed by a buoyant primary market may have set the stage for a correction. Additionally, tight liquidity among HNIs due to their involvement in IPOs could have contributed to the selling pressure. The recent rise in COVID cases may also be serving as a convenient excuse for some investors to exit.

Technically, the Nifty is attempting to fill the gap formed around 21,000 following the Fed meeting. This zone between 21,000 and 20,950 is likely to act as strong support, with the 20-DMA at 20,700 offering further downside protection. For long-term investors, this dip presents a potential buying opportunity, while traders should remain cautious and wait for a clear direction to emerge.

03:51:05 PM IST, 20 December 2023

Market Analysis by Mr. Ajit Mishra, SVP – Technical Research, Religare Broking

Markets witnessed a bout of profit taking and lost nearly one and a half percent, in continuation to the prevailing corrective phase. After the initial uptick, Nifty hovered in a range in the first half however a sharp cut in the heavyweights across sectors completely turned the tone. It eventually settled closer to the day’s low at 21,150 levels. Among the key sectors, metal, energy and realty were among the top losers. Besides, the broader indices too felt the heat and lost over 3.5% each.

This is the first serious slide in the Nifty index after the seven weeks of up move and it may result in further dip. However, it is too early to conclude the uptrend has faded until the Nifty breaks 20,700 i.e. 20 EMA on the daily chart. We reiterate our preference for index majors and suggest accumulating quality names during this phase. At the same time, the pressure could be higher in the midcap and smallcap space so participants should reduce their positions and maintain strict stop losses in remaining trades.

03:50:27 PM IST, 20 December 2023

Rupee closes flat at 83.18 (provisional) against US dollar

03:36:29 PM IST, 20 December 2023

Top gainers & losers from today’s session

03:36:11 PM IST, 20 December 2023

Sensex Heatmap | All stocks from the 30-share index end with cuts

03:34:52 PM IST, 20 December 2023

Closing Bell: Sensex halts record run, nosedives 931 pts; Nifty at 21,150; all sectoral indices bleed

03:27:16 PM IST, 20 December 2023

Sensex Today | Stock Market Crash LIVE Updates: Sea of red… all Sensex stocks decline

03:26:02 PM IST, 20 December 2023

Stock Market LIVE Updates: Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel’s wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore.

03:15:42 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: Sensex crashes 900 points

03:10:37 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Uday A Kaole has assumed the charge of the Chairman-cum-Managing Director (CMD) of Coal India arm Mahanadi Coalfields Ltd (MCL). Prior to joining MCL as its CMD, Kaole was the Director (Technical) at Bharat Coking Coal Ltd (BCCL).

03:08:13 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: Nifty Smallcap 100 plunges more than 3%; Top 5 losers from the pack

03:09:27 PM IST, 20 December 2023

Sensex Today | Stock Market Crash LIVE Updates: Sensex tanks more than 800 points; Nifty below 21,200

03:05:01 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: BSE Smallcap index drops 3%

02:59:50 PM IST, 20 December 2023

Sensex Today | Stock Market Crash LIVE Updates: Top losers from media & entertainment pack

02:58:55 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Adani Energy Solutions incorporates unit in name of Arasan Infra Two

02:49:03 PM IST, 20 December 2023

Stock Market LIVE Updates: Dollar holds steady on rate cut expectations

The U.S. dollar held steady on Wednesday against a basket of peers as traders weighed the chances that the US Federal Reserve would soon begin cutting interest rates. Fed officials have been pushing back after last week’s Federal Open Market Committee meeting saw three rate cuts penciled in for 2024, sparking a rally in financial markets.

02:43:56 PM IST, 20 December 2023

China oil output growth to slow in 2024 as supply harder to extract

China’s surging oil production growth in recent years, the result of a concerted investment push, is expected to ease in 2024 as falling output from mature fields requires state oil companies to tap more challenging shale and ultra-deep reserves. While China is the world’s biggest crude importer, it was also the world’s sixth-largest crude oil producer last year, according to the EI Statistical Review of World Energy, with heavy investment helping to reverse a significant decline between 2015 and 2018.

02:35:02 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: Nifty sees biggest single-day % decline since October 26

02:32:56 PM IST, 20 December 2023

Given the positive secondary market environment and ample liquidity along with strong subscription demand, INOX India is expected to see a solid listing premium over and above 75% gain against the issue price of Rs 660/- per share. Despite valuations being fully priced into all near term growth, a solid listing is justified on the back of the company’s strategic position in the niche market with global footprint and commitment to innovations which is commanding higher valuation multiple.Hence we recommend allotted short term investors to book profits over and above 75% gain on listing day while long term investors can HOLD considering healthy long term growth in leading supplier and exporter of cryogenic equipment and solutions. For those investors who failed to get allotments in the public offer can accumulate on every dips post listing for decent long term returns.

– Prashanth Tapse , Sr. VP Research, Mehta Equities

02:27:26 PM IST, 20 December 2023

Global Market Watch

  • The Stoxx Europe 600 rose 0.4% as of 8:18 a.m. London time
  • S&P 500 futures were little changed
  • Nasdaq 100 futures were little changed
  • Futures on the Dow Jones Industrial Average were little changed
  • The MSCI Asia Pacific Index rose 0.6%
  • The MSCI Emerging Markets Index rose 0.3%

02:24:06 PM IST, 20 December 2023

Sensex Today | Stock Market Crash LIVE Updates: Welspun One to invest Rs 700 cr to set up industrial and logistics hub at Jawaharlal Nehru Port’s SEZ

Welspun One said on Wednesday said it will develop an industrial and logistics hub at the Jawaharlal Nehru Port’s Special Economic Zone with an investment of around Rs 700 crore. This investment is the second deployment from Welspun Ones’ latest Fund 2, which is a Rs 2,000-crore Alternative Investment Fund, the company said in a statement.

02:24:00 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Foce India names Utkarsh Agarwal as CFO

02:23:15 PM IST, 20 December 2023

Sensex Today | Stock Market Crash LIVE Updates: These stocks defy market mood, rally up to 9%

02:17:22 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: DOMS Industries trades below listing price of Rs 1400

02:06:16 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: Sensex tanks 550 points, gives up 71,000

02:04:16 PM IST, 20 December 2023

Stock Market Crash LIVE Updates: Adani stocks top losers from Nifty50 pack

02:00:53 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Nazara Tech joins 4 game studios to publish 5 innovative games

01:58:21 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Supreme Petrochem commencement of operations at Chennai plant

01:51:24 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Reliance continues to lead Wizikey’s NewsmakersIndia Ranking by a wide margin

01:39:25 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Check top losers at this hour

01:36:01 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Check top index gainers & losers as Sensex down nearly 300 points

01:33:13 PM IST, 20 December 2023

Market LIVE Updates | Nifty slips below 21,400

01:32:14 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Lead Reclaim and Rubber Products got order for Rs 0.27 crore

01:31:51 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Bank of Baroda sets 7.75% coupon for Tier II bonds

01:31:15 PM IST, 20 December 2023

Profit taking on D-Street! Sensex tumbles over 650 points from day’s high

01:23:20 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Satin Creditcare Network, one of the few listed microfinance lenders, raised Rs 250 crore in share sales from Morgan Stanley Asia (Singapore) and others. ICICI Prudential Life Insurance Company emerged as the biggest participant in the qualified institutional placement (QIP) of equity shares contributing 20% of the issue. Other investors include Societe Generale, Bandhan Mutual Fund and Bajaj Allianz Life Insurance.

01:19:26 PM IST, 20 December 2023

Sensex Today | Sensex erases most gains, trades flat

01:16:08 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Salasar Techno Engineering approved issue of bonus shares at 4:1 ratio; stock rallies 5%

01:04:28 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates | Paytm CEO: Expect to hit full operating profit in under a year

12:45:22 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Nikkei closes at over 5-month high after BOJ gives no hint of policy shift

Japan’s Nikkei closed at a more than five-month high on Wednesday as caution on the Bank of Japan’s (BOJ) policy stance faded after the central bank offered no hints on when it would exit its negative rate policy. The Nikkei rose 1.16% to end at 33,675.94, its highest close since July 3. The broader Topix rose 0.67% to 2,349.38

12:43:37 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Marine Electricals (India) received an order amounting Rs 6.9 crore from 3B Advanced Composites, Goa for supply of LT panel

12:38:28 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Azad Engineering IPO fully subscribed

  • QIB Portion: NIL
  • NII Portion: 1.5X
  • Retail Portion: 1.3X
  • Employee Portion: 0.75X

12:35:37 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Jyoti CNC Automation, BLS E-Services, Popular Vehicles and Services get Sebi’s go-ahead for IPOs

Three companies — Jyoti CNC Automation Ltd, BLS E-Services Ltd, and Popular Vehicles and Services Ltd — received capital markets regulator Sebi’s go-ahead to raise funds through initial public offerings (IPOs).

12:29:20 PM IST, 20 December 2023

Stock Market LIVE Updates: Ola Electric expected to file IPO papers today, first Indian EV company to do so

Making it the first Indian EV maker to raise funds from public investors, Ola Electric, which makes electric-powered scooters and plans to enter the electric passenger car space, is likely to file IPO papers today. It would also be the first IPO by an automaker in the last two decades.Softbank-backed Ola Electric will file for IPO in next few hours with company’s top management and bankers busy finalising details, ET Now reported, quoting sources. Kotak is the lead banker to Ola Electric while Goldman Sachs and Citi have also been appointed to handle the issue.The IPO, whose size is expected to be about Rs 8,500 crore, will include a combination of fresh equity and offers for sale by some of its existing investors, according to reports.

12:22:17 PM IST, 20 December 2023

Crypto Market LIVE Updates: Crypto Price Today: Bitcoin trades near $43,000; Cardano, Polygon fall up to 4%

Major crypto tokens were trading mixed with a negative bias in Wednesday’s trade. Bitcoin, Ethereum, XRP, Dogecoin and Cardano were trading in the red, while BNB, Avalanche, Toncoin and Tron were in the green.

12:12:24 PM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: NABARD accepts Rs 10,000 crore bids for maiden infra bonds

India’s National Bank for Agriculture and Rural Development (NABARD) has set a coupon of 7.65% for its debut infrastructure bonds maturing in 10 years and four months, three bankers said on Wednesday.

11:59:31 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Embassy Office Park shares fall 5% on Blackstone Group’s likely exit via block deal

Share of Embassy Office Park REIT fell nearly 5% on Wednesday following a block deal where global private equity firm Blackstone Group was set to sell its entire stake on Wednesday, according to news reports.

11:50:12 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Tokyo stocks close higher

Tokyo stocks closed higher on Wednesday helped by a relatively cheaper yen against the dollar after the Bank of Japan indicated it plans to keep its super-loose monetary policy in place. The benchmark Nikkei 225 index advanced 1.37 percent, or 456.55 points, to 33,675.94, while the broader Topix index ended up 0.67 percent, or 15.57 points, at 2,349.38.

11:48:57 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Top 5 gainers from NBFC pack

11:33:44 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Mahindra Logistics on Wednesday announced the sale of entire 39.79 per cent stake in its associate company Transtech Logistics Pvt Ltd (TLPL). Post completion of this sale, TLPL would cease to be an associate of the company.

11:24:10 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Motisons Jewellers IPO: GMP falls, issue subscribed 60 times so far on last day

The initial public offer (IPO) of Motisons Jewellers subscribed 60 times on the third and the last day of the bidding process on Wednesday, led by heavy bidding by retail and non-institutional investors. However, the GMP of the IPO declined from 182% yesterday to 136% today over the issue price.

11:15:51 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Australian shares hit 10-month closing high on 2024 rate-cut bets

Australian shares rose to a 10-month closing high on Wednesday, tracking Wall Street’s gains overnight as prospects of interest rate cuts in 2024 boosted risk sentiment.The benchmark S&P/ASX 200 index climbed 0.7% to 7,537.9 in broad-based buying, marking its highest close since Feb. 7.

11:06:58 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: RBZ Jewellers IPO: Issue subscribed 2.75 times, retail portion 5.47 times on Day-2

The initial public offer (IPO) of RBZ Jewellers was oversubscribed at 2.75 times on the second day. The retail portion was subscribed 5.47 times with over 1.91 crore consolidated share bids received against the quota of 35 lakh shares by 10:30 am.

10:55:03 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: General Atlantic in talks to buy UK infrastructure investor Actis

U.S. private equity firm General Atlantic is in talks to acquire infrastructure fund manager Actis, in a move to diversify and add assets ahead of an expected initial public offering, the Financial Times reported on Wednesday.

10:45:51 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Crypto trading volume on WazirX drops 90%

Indian crypto exchange WazirX saw its trading volume nosedive to $1 billion in 2023 — a massive 90 per cent drop from 2022 — amid regulatory pressure from the government and a heavy crypto tax regime.

10:36:50 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: India Shelter Finance shares list at 26% premium over issue price

Shares of India Shelter Finance debuted on NSE at Rs 620, a premium of 25.7% (Rs 127) in Wednesday’s session. Meanwhile on BSE, it was listed at Rs 612.7, up 24.3% over the issue price of Rs 493.

10:20:56 AM IST, 20 December 2023

Sensex Today | Stock Market LIVE Updates: Rupee edges up but importer dollar demand likely to limit upside

The Indian rupee inched up on Wednesday, supported by strength in some of its Asian peers, but gains on the local unit are likely to be limited on dollar buying interest from local oil companies and importers.



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