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December 01, 2022 / 04:06 PM IST

Closing Bell: Bull run continues; indices end at record closing peaks led by IT, metal, PSBs

Among sectors, PSU Bank, IT, realty and metal indices up 1-2 percent.

  • Closing Bell: Bull run continues; indices end at record closing peaks led by IT, metal, PSBs
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:26 PM IST

      Kotak Institutional Equities maintains 'Sell' rating on Eicher Motors, target Rs 2,800 per share

    • 03:20 PM IST

      Adani Green gets USD 200 mn Yen-denominated debt refinancing facility

    • 03:18 PM IST

      Credit Suisse keeps 'Outperform' rating on Delhivery; target Rs 550 per share

    • 03:16 PM IST

      Trident gets patent for Fabric & Method of manufacturing fabric by patent office

    • 03:13 PM IST

      JPMorgan keeps 'Neutral' call on Asian Paints, target Rs 3,365 per share

    • 03:11 PM IST

      DFM Foods revises floor price for delisting at Rs 263.80 per share

    • 03:08 PM IST

      Uniparts India IPO sees 1.22 times subscription on second day of bidding

    • 03:05 PM IST

      Orchid Pharma board approves issuance of up to Rs 500 crore equity shares via QIP

    • 02:54 PM IST

      Upcoming policy meeting may see only a 25 bps policy rate hike: Churchil Bhatt

    • 02:43 PM IST

      Mahindra & Mahindra's overall auto sales for the month of November 2022 stood at 58,303 vehicles

    • 02:40 PM IST

      Maruti Suzuki India sold a total of 159,044 units in November 2022

    • 02:22 PM IST

      Cosmo First board approves buyback of up to Rs 108 crore

    • 02:13 PM IST

      Eicher Motors' total domestic sales jumped 40.8% at 4,483 units in November 2022

    • 02:10 PM IST

      PCBL commissions green power plant at Kochi

    • 02:02 PM IST

      Indices erased some of intraday gains, Nifty around 18800

    • 01:34 PM IST

      Tata Motors sales 75,478 vehicles in November 2022

    • 01:30 PM IST

      NCC bags two new orders in November worth Rs 376 crore

    • 01:22 PM IST

      Coforge and Tokio Marine HCC elevate partnership to drive IT transformation worldwide

    • 01:17 PM IST

      TVS Motor Company sales grows by 2% in November 2022

    • 12:53 PM IST

      Gensol Engineering bags projects worth Rs 232.5 crore in November

    • 12:51 PM IST

      BSE Midcap index up 0.6 percent supported by L&T Technology Services, Mphasis, Dalmia Bharat

    • 12:44 PM IST

      Hornbill Orchid India Fund offloads nearly 1% stake in Nureca

    • 12:34 PM IST

      BSE Smallcap index up 1 percdent led by HPL Electric & Power, Network18 Media, Jaiprakash Associates

    • 12:29 PM IST

      Uniparts India IPO sees 93% subscription on second day of bidding

    • 12:26 PM IST

      Easy Trip Planners to acquire 75% stake in Nutana Aviation Capital IFSC

    • 12:16 PM IST

      Grasim Industries to raise Rs 1,000 crore via NCDs

    • 12:00 PM IST

      Indices trade higher with Nifty holding above 18800

    • 11:55 AM IST
      Gold scales 2-week high on hopes of smaller US rate hikes
    • 11:50 AM IST

      Nifty FMCG index sheds 0.6 percent dragged by Emami, Godrej Consumer Products, HUL

    • 11:47 AM IST

      Phoenix Mills announces opening of Phoenix Citadel, Indore

    • 11:43 AM IST

      L&T closes US$ 107 mn Sustainability Linked Loan (SLL) with Sumitomo Mitsui Banking Corporation

    • 11:40 AM IST

      Government of Singapore Investment Corporation buys 0.66% stake in Indian Hotels

    • 11:35 AM IST

      India's jobless rate rises to three-month high of 8% in Nov - CMIE

    • 11:27 AM IST

      Polycab signs up Redington as the national distributor for its passive networking solutions

    • 11:01 AM IST

      At 11 am, about 2078 shares have advanced, 1003 shares declined, and 127 shares are unchanged

    • 10:58 AM IST

      Domestic investors do about-turn, sell equities worth Rs 6,300 crore in November

    • 10:48 AM IST

      Alembic Pharma gets final US FDA nod for Diclofenac Sodium Topical solution

    • 10:33 AM IST

      Ethos signs exclusive retail partnership with Trilobe

    • 10:22 AM IST

      Jefferies keeps buy on Reliance Industries, target Rs 3,100

    • 10:13 AM IST

      Guangzhou has announced lifting of all lockdowns: Global Times

    • 10:07 AM IST

      MOIL cuts prices of grades of Ferro and Fines, Chemicals by 5%

    • 10:01 AM IST

      Sensex gains 300 points, Nifty above 18,800; auto stocks under pressure

    • 09:58 AM IST

      Ashish Kacholia picks 2% stake in Likhitha Infrastructure

    • 09:43 AM IST

      Bajaj Auto reports 19 percent fall in its total sales at 3,06,552 units

    • 09:32 AM IST

      Nifty Metal index up 1 percent supported by Hindalco Industries, NALCO, APL Apollo Tubes

    • 09:30 AM IST

      BSE Information Technology index added 1 percent led by the Subex, Nelco, Xchanging Solutions

    • 09:08 AM IST

      Benchmark Indices are likely to open in the green today: Mohit Nigam

    • 09:04 AM IST

      Indian rupee opens 32 paise higher at 81.10 per dollar

    • 08:52 AM IST

      China's factory activity shrinks in Nov amid widespread COVID curbs - Caixin PMI

    • 08:40 AM IST

      Zydus Lifesciences gets final USFDA nod for Topiramate Extended-Release Capsules

    • 08:36 AM IST

      TCS bags contract to build UK government’s Rail Data Marketplace

    • 08:22 AM IST

      Oil edges higher on tight supply, China demand recovery optimism

    • 08:10 AM IST

      GDP data shows continued momentum, on track for 6.8-7% growth in FY23: CEA Nageswaran

    • 08:08 AM IST

      GDP growth in FY2023 is likely to be in the range of 6.5-6.8%: Suvodeep Rakshit

    • 08:04 AM IST

      India's core sector output growth slows to 20-month low of 0.1% in October

    • 07:54 AM IST

      SGX Nifty hits 19,000 for the first time

    • 07:54 AM IST

      Centre's April-October fiscal deficit widens to Rs 7.58 lakh crore, 45.6% of FY23 aim

    • 07:41 AM IST

      GDP growth falls to 6.3% in July-September

    • 07:38 AM IST

      Jerome Powell signals downshift likely, more hikes to come

    • 07:35 AM IST

      Dollar sinks to 3-month low vs yen as Powell says Fed to go slow

    • 07:25 AM IST

      Wall Street ends sharply higher after Jerome Powell comments

    • 07:22 AM IST

      SGX Nifty indicates a positive start for the Indian indices

  • IndexPricesChangeChange%
    Sensex59,549.9049.49 +0.08%
    Nifty 5017,662.1513.20 +0.07%
    Nifty Bank40,655.05267.60 +0.66%
    Nifty 50 17,662.15 13.20 (0.07%)
    Tue, Jan 31, 2023
    Biggest GainerPricesChangeChange%
    M&M1,378.7547.15 +3.54%
    Biggest LoserPricesChangeChange%
    Bajaj Finance5,886.40-135.40 -2.25%
    Best SectorPricesChangeChange%
    Nifty PSU Bank4006.55164.45 +4.28%
    Worst SectorPricesChangeChange%
    Nifty IT29740.35-354.45 -1.18%


  • December 01, 2022 / 04:13 PM IST

    Mohit Nigam, Fund Manager & Head - PMS, Hem Securities:

    Benchmark Indices ended with in the green today after Nifty 50 achieved all time high of 18887 in third consecutive day of trade. Nifty 50 closed with a gain of +0.29% and Sensex also closed +0.29% up today. Among sectors, PSU Bank, IT, realty and metal indices rallied about 1-2%. Tata Steel and Hindalco were top gainers today while UPL and Eicher Motors were top losers in Nifty 50 today. Among the Nifty 50 stocks, 27 advanced while 22 declined.

    Today's rally was steamed by Jereme Powell's speech. November's GST collection came in at Rs 1.46 lakh crores, down 3.90% from October. Auto stocks showed mixed sales numbers due to de-stocking at dealerships and moderation in demand post the festive season.

    On the technical front, immediate support and resistance in Nifty 50 are 18600 and 19000 respectively. Immediate support and resistance in Bank Nifty are 42800 and 43600 respectively.

  • December 01, 2022 / 04:10 PM IST

    Ajit Mishra, VP - Technical Research, Religare Broking

    Markets managed to end marginally higher amid volatility on the weekly expiry day. Firm global cues triggered a gap-up start in Nifty however profit taking at the higher levels trimmed the gains as the day progressed. Finally, the Nifty index settled at 18,812.5 levels. 

    Among the sectoral pack, IT, metal and realty remained in flavour while energy, auto and FMCG were slightly on the back foot. Amid all, the broader indices outperformed the benchmark and posted decent gains.

    We may see a bit of consolidation after the recent surge however upbeat global cues would keep the tone positive. Besides, improvement in the broader market participation is added relief. Participants should continue with a positive bias and utilise pause or dip as a buying opportunity. At the same time, one should not go overboard and stick largely with the index majors and quality midcaps.

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  • December 01, 2022 / 03:55 PM IST

  • December 01, 2022 / 03:48 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

    Although markets extended gains and scaled fresh highs once again, the recent upsurge failed to gather steam today, as indices closed off their highs due to flattish cues from other Asian and European peers. While the undertone remains bullish, the focus will now shift to next week's credit policy announcement. 

    Most of the positive factors are still intact, but if the rate hike is above expectations, it could trigger a sharp sell-off in the near term. 

    Technically, the Nifty has formed a small bearish candle on daily charts indicating indecisiveness between the bulls and bears. While the larger texture of the market is bullish, due to temporary overbought conditions we could see some profit booking at higher levels. 

    For traders, 18,700 and 18,650 could act as key support zones whereas 18,900-19,000 would be the key resistance levels.

  • December 01, 2022 / 03:46 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    Continuing with the positive momentum from the last session, the Nifty opened gap up on December 01. Post that it witnessed a brief consolidation throughout the day. Nevertheless, the index managed to post a positive daily close for eighth consecutive session. 

    Expansion in the hourly & the daily upper Bollinger Bands is supporting the price action on the way up. The overall structure shows that the index can continue with the uptrend & head towards the short term target of 19,000. On the other hand, the zone of 18,700-18,600 will act as a support as per the principle of role reversal.

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  • December 01, 2022 / 03:32 PM IST

    Rupee Close:

    Indian rupee closed 21 paise higher at 81.21 per dollar on Thursday against previous close of 81.42.

  • December 01, 2022 / 03:30 PM IST

    Market Close: Benchmark indices ended higher for the seventh consecutive session on December 1 with Nifty around 18800.

    At close, Sensex was up 184.54 points or 0.29% at 63,284.19, and the Nifty was up 54.20 points or 0.29% at 18,812.50. About 1985 shares have advanced, 1394 shares declined, and 141 shares are unchanged.

    UltraTech Cement, Tata Steel, Hindalco Industries, TCS and Grasim Industries were among the top Nifty gainers. The losers included ICICI Bank, Eicher Motors, UPL, Cipla and Bajaj Auto.

    Among sectors, PSU Bank, IT, realty and metal indices up 1-2 percent.

    The BSE midcap and smallcap index added 0.6 percent each.

  • December 01, 2022 / 03:26 PM IST

    Kotak Institutional Equities maintains 'Sell' rating on Eicher Motors, target Rs 2,800 per share

    -Sell call, target Rs 2,800 per share
    -Core portfolio’s performance ex-Hunter 350 in current festive period remains below FY2018 levels
    -Affordability & cannibalisation from Hunter 350 an issue
    -Demand trends in key states of Delhi & Kerala remain under pressure
    -There is market saturation in more than 250 cc segment
    -Weaker performance of its core portfolio will weigh on profitability

    Eicher Motors was quoting at Rs 3,436.00, down Rs 52.15, or 1.50 percent on the BSE.

  • December 01, 2022 / 03:20 PM IST

    Adani Green gets USD 200 mn Yen-denominated debt refinancing facility

    Adani Green Energy, through its subsidiary Adani Solar Energy AP Six Private Ltd, has raised JPY denominated facility to refinance its existing indebtedness. 

    The facility comprises JPY 27,954 million (c. USD 200 Mn equivalent) amortising project loan facility, assessing the 16 years debt structure with door-to-door tenor of 10 years and average tenor of more than 8 years.

    Adani Green Energy Limited was quoting at Rs 2,107.95, down Rs 1.40, or 0.07 percent.

  • December 01, 2022 / 03:18 PM IST

    Credit Suisse keeps 'Outperform' rating on Delhivery; target Rs 550 per share

    -Outperform call, target Rs 550 per share
    -Industry feedback reinforces view of company’s strongest standing
    -Funding squeeze reducing volumes may be a key near-term risk
    -Overall takeaways from company’s perspective were positive as sector is growing at 17-18 percent
    -Company continues to maintain large lead & competition is modest with no new entrants

    Delhivery was quoting at Rs 338.30, up Rs 3.20, or 0.95 percent on the BSE.

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  • December 01, 2022 / 03:16 PM IST

    Trident gets patent

    Trident has been granted a patent for ‘Fabric and Method of Manufacturing Fabric’ by Patent Office India.

     Trident gets patent  

 Trident has been granted a patent for ‘Fabric and Method of Manufacturing Fabric’ by Patent Office India.
  • December 01, 2022 / 03:13 PM IST

    JPMorgan keeps 'Neutral' call on Asian Paints, target Rs 3,365 per share

    -Neutral call, target Rs 3,365 per share
    -Aiming for double-digit volume growth, 19-20 percent operating margin 
    -Lack of positive revenue for APNT a surprise 
    -Volume growth normalising as pent-up demand fades 
    -Likely range-bound decorative margin over FY24/25 amidst more competition 
    -Cap share price upside with valuations at 60x FY24E P/E

    Asian Paints was quoting at Rs 3,180.75, down Rs 1.55, or 0.05 percent on the BSE.