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November 30, 2021 / 03:36 PM IST

Closing Bell: Sensex, Nifty end in the red amid volatility; metals, auto, financials fall, smallcaps gain

Stock Market LIVE Updates: Among the sectors, the metal index fell over 2 percent followed by banks, auto and power while IT, Realty and FMCG closed in the green. The midcap and smallcap indices ended in the green.

  • IndexPricesChangeChange%
    Sensex57,194.33-904.59 -1.56%
    Nifty 5017,026.55-300.80 -1.74%
    Nifty Bank38,656.85-889.40 -2.25%
    Nifty 50 17,026.55 -300.80 (-1.74%)
    Mon, Sep 26, 2022
    Biggest GainerPricesChangeChange%
    Infosys1,382.4016.95 +1.24%
    Biggest LoserPricesChangeChange%
    Tata Motors396.95-26.15 -6.18%
    Best SectorPricesChangeChange%
    Nifty IT26756.80164.45 +0.62%
    Worst SectorPricesChangeChange%
    Nifty Metal5779.05-248.30 -4.12%


  • November 30, 2021 / 04:27 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas: Nifty witnessed sharp swings in both the directions on November 30. In the beginning of the session, the index saw strong momentum that pushed the index beyond 17300. On the higher side, however, the bounce fizzled out near the upper end of the dynamic falling channel and the 40-hour exponential moving average. Thereon, the bears took charge and dragged Nifty below 17000. Going ahead, the low point of the recent Doji formation i.e. 16782 will be the key support to watch out for. Till that holds the Nifty can go for a base formation in the range of 16800-17200.

  • November 30, 2021 / 04:12 PM IST

    Ajit Mishra, VP - Research, Religare Broking: Markets traded volatile and lost nearly half a percent citing mixed global cues. The benchmark opened firm and inched further higher in the first hour but prevailing uncertainty around the new COVID variant trimmed all the gains and pushed the index lower as the day progressed. Eventually, Nifty settled around the day’s low to close at 16,983 levels. Among the sectors, consumer durables, IT and realty were the top gainers whereas metal, telecom and banking ended with losses. Amid all, the broader markets outperformed wherein midcap and smallcap ended higher by 0.4% and 1.4% respectively.
     
    Markets will first react to the GDP numbers in early trades on Wednesday and the auto sales will also start pouring in from December 1. Needless to say, the excessive news flow around the new COVID variant would keep the volatility high. Keeping in mind the scenario, it’s prudent to continue with hedged positions until the markets stabilise.

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  • November 30, 2021 / 04:06 PM IST

    Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services: Nifty opened flattish but witnessed good pull back towards 17325 marks in the initial part of the day. It formed a Bearish inverted hammer kind of candle with long upper shadow on daily scale which indicates that follow up activity is missing and every bounce is being sold. Now till it holds below 17200 zones bounce could be sold and weakness may be seen towards 16800 and 16500 zones whereas medium term hurdles can be seen at 17350 and 17500 zones.
     
    Bank Nifty made a Bearish inverted hammer sort of candle on daily scale with long upper shadow indicates again dominance of bears. Now till it remains below 36000, weakness could be seen towards 35250 and 35000 zones whereas hurdles can be seen at 36250 and 36500 zones.

  • November 30, 2021 / 03:59 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments: The markets failed to close above 17,000 which is definitely a matter of concern for the bulls. This is a psychological break of the bullish sentiment. The Nifty can slide lower to achieve 16,500 as its next target. Any up move will now be seen as an opportunity to sell the index for lower targets.

  • November 30, 2021 / 03:49 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services: Tracking positive closure of the US and European markets, domestic indices started the session on a strong footing following the US President’s announcement ensuring that economic lockdowns are currently off the table. However, the optimism was quickly substituted with a sudden sell-off in the domestic market as global equities slipped into negative territory following Omicron experts’ advice to be cautious. Defying the market trend, IT and healthcare stocks along with mid and small caps traded with gains.

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  • November 30, 2021 / 03:39 PM IST

    S Ranganathan, Head of Research at LKP Securities: In a highly volatile trading day, the street began on a very positive note on expectations of record GST numbers for November in line with the trends shown by e-way bills. However, post the views of the Moderna CEO on the Omicron Variant, markets witnessed selling pressure. While key data points for November like the Auto numbers were seen playing out, profit-booking by FPI kept investors watchful. The smallcap 100 index however was seen buzzing around through the day on the back of the MSCI semi-annual review.

  • November 30, 2021 / 03:36 PM IST

    Market at close: Sensex ended 195.71 points lower or 0.34% at 57064.87, and the Nifty shed 81.40 points or 0.48% at 16972.60. About 1675 shares have advanced, 1383 shares declined, and 112 shares are unchanged. Power Grid Corporation, Shree Cements adn Bajaj Finserv are the top gainers while Tata Steel, Kotak Mahindra Bank, Reliance Industries and Bajaj Auto are the top losers.

    Among the sectors, the metal index fell over 2 percent followed by banks, auto and power while IT, Realty and FMCG closed in the green. The midcap and smallcap indices ended in the green.

  • November 30, 2021 / 03:17 PM IST

    “India VIX in the domestic market was around 17-18 levels during most of November, indicating limited market downside. However, volatility spiked by 25% on Friday, 26th Nov, led by rising concerns on the new Covid-19 variant, making investors cautious. Further, an increase in the new variant cases will be a short-term negative for the equity market. Currently, VIX  trading around 21 levels signifies an increase in cautiousness, as compared to the previous week. Volatility is likely to continue for some more time, as the direction of the new variant, Oil prices, and Dollar index will further drive the market fundamentals. FIIs are the net sellers in the equity market, especially from the last two weeks, and DIIs are consistently providing support. With every FIIs selling, here onwards, DIIs support will be critical for the market. Investors should stick to the fundamentals where the earnings visibility is high, and we believe sector rotation with a focus on quality and momentum will deliver superior returns moving forward”

    Naveen Kulkarni, Chief Investment Officer, Axis Securities

  • November 30, 2021 / 03:10 PM IST

    Market update at 3 PM: Sensex is down 113.01 points or 0.20% at 57147.57, and the Nifty is down 43.1 points or 0.25% at 17010.9

    Source: BSE

  • November 30, 2021 / 02:46 PM IST

    Tariff hikes, moratorium on govt dues to help telecom companies invest more aggressively in 5G tech: Report

    The announced tariff hikes by the telcos could boost their operating profits by at least 40 percent and coupled with the moratorium on government dues, will help them invest more aggressively into 5G technology, says a report.

    Tariff hikes to lift the EBITDA, or earnings before interest, taxes, depreciation, and amortization, of telcos by 40 percent and along with the moratorium on government dues, this will support 5G investments and credit profiles, Crisil said in a note on Tuesday.

    Airtel and Vodafone Idea have announced up to 25 percent hike in their prepaid plans tariffs to improve financials, While Reliance Jio has announced up to 21 percent hike in mobile services tariffs from December 1.

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  • November 30, 2021 / 02:40 PM IST

    Most active stocks on NSE in terms of volumes

      Most active stocks on NSE in terms of volumes
  • November 30, 2021 / 02:26 PM IST

    European markets are trading in the red with FTSE, CAC and DAX down 0.5-1 percent each

      European markets are trading in the red with FTSE, CAC and DAX down 0.5-1 percent each
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