Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel were among major losers on the Nifty, while gainers were Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto. Except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%. BSE Midcap and smallcap indices down nearly 1 percent each.
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Closing Bell: Sensex slips 533 pts, Nifty below 25,900; metal, IT, financials top drags
Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel were among major losers on the Nifty, while gainers were Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto. Except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%. BSE Midcap and smallcap indices down nearly 1 percent each.
Market Close | Sensex down 533 points, Nifty below 25900
Indian equity indices ended on a negative note with Nifty at 25,900 on December 16. At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10.
We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.
Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates
The Nifty index began the day on a gap-down note, witnessed sustained selling pressure, and eventually settled on a negative note at 25,860, forming a bearish candle on the daily chart that reflects weakness. Trend line support for Nifty is placed near the 25,750 level, while the 50‑DEMA support is placed near 25,760. A firm break below 25,750 could extend the weakness. On the upside, 26,100 will act as an immediate hurdle, followed by 26,325. Thus, short-term traders are advised to book profits on bounce.
The Bank Nifty index opened on a gap-down note, witnessed selling pressure throughout the day, and settled on a bearish note at 59,035. Technically, on the daily chart, Bank Nifty formed a red candle, indicating weakness. On the downside, 58,800–58,900 will act as an immediate support zone for Bank Nifty, and a firm break below 58,800 could extend the weakness towards the 58,500–58,000 levels. On the upside, 60,000–60,120 will act as a stiff resistance zone for the index. Therefore, short-term traders are advised to book profits on every bounce.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
After showing a sustainable upside recovery from the lows on Monday, Nifty slipped into sharp weakness on Tuesday amidst weak global cues and closed the day lower by 167 points. After opening on a downside gap of 75 points, the market continued to slide lower in the early to midpart of the session. However, there was a minor recovery towards the end and Nifty finally closed at the lows.
A reasonable negative candle was formed on the daily chart, which signals an inability of bulls to surpass the key hurdle of 26000 levels. The negative chart pattern like lower highs and lows has formed on the daily chart and the Nifty seems to have formed a new lower top of the pattern at 26057 levels few sessions back.
The underlying trend of Nifty remains choppy with weak bias. The market is expected to slide down to its next support band of 25800-25700 levels in the short term. Any bounce back from here could find strong hurdle around 26000 levels.
Ajit Mishra – SVP, Research, Religare Broking
Markets traded in a narrow range on the weekly expiry day and ended lower by 0.64%, tracking weak global and domestic cues. Following a gap-down start, the Nifty oscillated within a tight band for most of the session and eventually settled near the day’s low at 25,860.10. Sectoral performance was largely negative, with realty, IT and financials emerging as the top laggards, while FMCG and auto closed almost unchanged. The broader markets remained under pressure in line with the benchmarks, with both midcap and smallcap indices declining by around 1% each.
Sentiment was weighed down by the rupee breaching historic lows and crossing the 91 mark against the US dollar, amid persistent foreign outflows and uncertainty around external trade dynamics, which kept investors cautious. In addition, lacklustre global cues further dampened risk appetite. That said, selective buying in heavyweight stocks and the scheduled weekly expiry helped cap the extent of the decline.
We maintain our consolidation view on the Nifty; however, continued deterioration in the currency could widen the trading range and potentially drag the index below the previous swing low near 25,700. On the upside, the 26,000–26,100 zone remains a key hurdle.
In the current environment, we continue to recommend a stock-specific trading approach, with a preference for hedged positions given the prevailing volatility and choppy market conditions.
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities
On Tuesday, the benchmark Nifty index opened with a sharp gap down and continued to head lower through the session, ultimately closing at 25860 with a decline of 0.64%. The index also formed a sizeable bearish candle, highlighting persistent selling pressure, and importantly slipped below its 20 day EMA, indicating weakening short term sentiment. The overall structure reflected a clear risk off mood across the broader market.
Among Nifty constituents, Bharti Airtel and Titan managed to buck the weakness and ended as the top gainers, showing relative strength. However, the Axis Bank and Eternal ended on a negative note. Sectorally, the performance was largely muted, with almost all indices ending lower except Nifty Media and Nifty Consumer Durables. Notably, Nifty Realty and Nifty Private Bank were the worst performers.
The broader markets too mirrored this negative sentiment, as both Nifty Midcap 100 and Nifty Small Cap 100 underperformed the frontline index, falling 0.83% and 0.92% respectively, and forming sizeable bearish candles. Market breadth remained deeply negative, with the advance–decline ratio tilting sharply in favour of declines. From the Nifty 500 universe, as many as 402 stocks closed in the red, underscoring broad based selling across sectors and market caps.
Nifty View
Going ahead, for Nifty, the 50-day EMA zone of 25750-25700 will act as important support. If the index slips below the 25700 level, it could trigger a further correction upto the 25550 level. On the upside, the 20-day EMA zone of 25950-26000 will act as a crucial hurdle for the index. Any sustainable move above the 26000 will lead to an upside rally upto the 26150 level.
Bank Nifty View
The banking benchmark index, Bank Nifty, closed below its 20 day EMA, signalling a loss of near term momentum. More importantly, the daily RSI faced stiff resistance near the 60 mark, indicating that the momentum range is shifting from bullish to sideways as per RSI range shift principles. This suggests that buying strength is weakening, and the index may now enter a consolidation phase unless it reclaims key resistance zones with strong follow through.
Going ahead, 58700-58600 will act as important support for the index as the prior swing low is placed in that region. Any sustainable move below the 58600 will lead to further correction up to the 58000 level in the short term. While on the upside, the zone of 59300-59400 will act as an important hurdle for the index.
Abhinav Tiwari, Research Analyst at Bonanza
Today, the Indian equity markets closed lower as selling pressure continued across sectors. The Sensex fell by around 533 points to close at 84,679, while the Nifty 50 slipped by 167 points and closed at 25,860. Overall sentiment remained weak due to ongoing macro concerns and sustained foreign fund outflows, which are weighing on near-term market confidence.
In December alone, FIIs have sold more than Rs. 21,000 crore worth of Indian equities, making it the highest monthly outflow this year. This heavy selling has also put pressure on the rupee, which fell to a record low of 91.05 against the USD and is down about 6% so far this year. Weak global cues added to the negativity, with major Asian markets such as Japan and South Korea falling up to 2 percent, while investors remained cautious ahead of key US jobs data.
On the stock specific front, the RBI approved HDFC Bank to raise its combined group holding in IndusInd Bank up to 9.5% for one year. However, the market viewed this as a regulatory and defensive step rather than a strategic move, leading to mild declines in both stocks. RBL Bank also remained in focus after its CFO resigned, though the bank confirmed an interim replacement, limiting the impact. Vedanta was a key gainer after the NCLT approved its demerger plan, pushing the stock up nearly 3.5%. Most sectors ended lower, with metals, IT, oil and gas, and PSU banks down about 1%. Market breadth stayed negative, reflecting broad based weakness as liquidity remains tight due to ongoing IPO activity.
Rupak De, Senior Technical Analyst at LKP Securities
The day favored the bears as the Nifty remained below the key 200 SMA on the hourly chart throughout the session. Additionally, the index failed to retest the morning high, indicating complete control by the bears.
On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market.
In the short term, the index may drift lower towards 25,700 and lower. On the upside, the 25,950–26,000 zone is likely to act as a crucial resistance in the near term.
Vatsal Bhuva, Technical Analyst at LKP Securities
On Tuesday’s session, Bank Nifty ended on a cautious note, forming a bearish candlestick and closing below its 10-day and 20-day SMAs, reflecting short-term pressure. The RSI is making lower tops, which highlights weakening momentum and lack of buying strength. Overall, the chart structure appears slightly weak. The index has crucial support at 58,800; a decisive close below this could open downside towards its 50-day SMA placed in the 58,300–58,200 zone. On the upside, immediate resistance lies at 59,300 and 59,500 levels. A sustainable bullish view is advisable only if the index manages a closing above 59,500.
Taking Stock: Market extends losses; Nifty below 25,900, Sensex drags 533 pts
More than 120 stocks hit 52-week low, including Devyani International, Jubilant Foodworks, Westlife Foodworld, Sheela Foam, NCC, REC, Sapphire Foods, Mankind Pharma, Piramal Pharma, Petronet LNG, Page Industries, ACC, SKF India, among others....Read More
Vinod Nair, Head of Research, Geojit Investments
Continued INR weakness to fresh record lows, driven by persistent FII outflows and subdued global sentiments, dragged domestic markets into negative territory. Small and mid-caps lagged large caps, with IT, metals, banking, and realty leading losses, while consumption stocks offered limited support.
Volatility is expected to remain elevated amid currency fluctuations and uncertainty over foreign inflows. Progress on the US–India trade deal and rupee stabilisation will be critical, while softer commodity prices and improving earnings visibility provide a constructive medium-term backdrop.
Dilip Parmar, Research Analyst, HDFC Securities
The continuous downward pressure from foreign fund outflows and persistent risk-aversion have pushed the Indian Rupee to fresh historic lows, completely ignoring the support, participants have expected from better-than-anticipated trade data.
The immediate scramble for the dollar ahead of the US job report is amplifying volatility. However, given the sharpness of the recent depreciation, we expect the Rupee to attempt to consolidate in the coming sessions, likely trading within a technical range defined by support at 90.50 and resistance at 91.45.
Currency Check | Rupee closes lower at 91.03
Indian rupee ended 30 paise lower at 91.03 per dollar on Tuesday versus previous close of 90.73.
Market Close | Sensex slips 533 pts, Nifty below 25,900; metal, IT, financials top drags
Indian equity indices ended on a negative note with Nifty below 25,900 on December 16.
At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10. About 1573 shares advanced, 2412 shares declined, and 154 shares unchanged.
Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel were among major losers on the Nifty, while gainers were Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto.
Except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%.
BSE Midcap and smallcap indices down nearly 1 percent each.
Sensex Today | Bernstein keeps 'outperform' rating on Max Financial, SBI Life & HDFC Life
#1 Cheaper ins via deferred commissions brings near-term pain & long-term gains
#2 Prefer Indian life insurers for modest growth and attractive valuations
#3 Market Perform: ICICI Prudential Life & LIC
#4 Outperform: PB Fintech for leadership in term & health insurance & a strong online franchise
Sensex Today | Citi keeps ‘buy’ rating on HDFC Bank, target price at Rs 1,180
#1 Efficient cost of funds management via refinancing & TD repricing, with CRR cuts boosting lending liquidity
#2 Deposit growth expected to outpace credit growth over the medium term
#3 Growth engines to track industry average in FY26 & outperform by FY27 on strong momentum & disciplined pricing
#4 New customer acquisition & branch maturation to drive faster deposit growth than the system
HDFC Bank was quoting at Rs 993.80, down Rs 2.05, or 0.21 percent.
It has touched an intraday high of Rs 998.55 and an intraday low of Rs 991.
It was trading with volumes of 794,569 shares, compared to its five day average of 584,341 shares, an increase of 35.98 percent.
In the previous trading session, the share closed down 0.43 percent or Rs 4.35 at Rs 995.85.
The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 812.13 on 23 October, 2025 and 13 January, 2025, respectively.
Currently, the stock is trading 2.6 percent below its 52-week high and 22.37 percent above its 52-week low.
Market capitalisation stands at Rs 1,528,713.90 crore.
Sensex Today | NCC, REC, Devyani International, among others hit 52-week low
BSE 500 Stocks touched 52-week Low
| Company | 52-Week Low | Day’s Low | CMP |
|---|---|---|---|
| Devyani Int | 133.00 | 133.00 | 127.60 |
| Jubilant Food | 577.55 | 577.55 | 560.35 |
| Westlife Food | 545.00 | 545.00 | 532.40 |
| Sheela Foam | 581.00 | 581.00 | 566.95 |
| NCC | 161.50 | 161.50 | 158.25 |
| REC | 343.00 | 343.00 | 335.50 |
| Sapphire Foods | 234.00 | 234.00 | 229.55 |
| Mankind Pharma | 2152.80 | 2152.80 | 2,106.20 |
| Piramal Pharma | 171.70 | 171.70 | 168.70 |
| Petronet LNG | 268.90 | 268.90 | 265.20 |
| Page Industries | 36999.95 | 36999.95 | 36,488.25 |
| ACC | 1789.25 | 1789.25 | 1,773.00 |
| SKF India | 1801.80 | 1801.80 | 1,788.00 |
Shivani Nyati, Head of Wealth at Swastika Investmart
Nephrocare Health Services is a leading organised provider of dialysis and renal care services in India, operating an extensive network of clinics across both domestic and select international markets.
The company delivers comprehensive dialysis care from diagnosis and in-clinic treatments to home and mobile dialysis services and has established a significant presence in Tier-2 and Tier-3 cities through strategic partnerships and asset-light operations.
The initial public offering (IPO) of Nephrocare Health Services, with a price band of Rs 438–460 per share, witnessed strong investor interest and was subscribed approximately 13.96 times.
Market indicators suggest that GMP has risen into positive territory, with grey market premiums reported up to around Rs 37–38 per share, implying a potential 8% pre-listing upside over the IPO price band, reflective of moderately positive sentiment.
Sensex Today | BEML bags order from Ministry of Defence
BEML was quoting at Rs 1,711.60, down Rs 30.40, or 1.75 percent.
It has touched an intraday high of Rs 1,742.60 and an intraday low of Rs 1,700.
It was trading with volumes of 9,782 shares, compared to its five day average of 19,523 shares, a decrease of -49.89 percent.
In the previous trading session, the share closed up 3.17 percent or Rs 53.45 at Rs 1,742.00.
The share touched a 52-week high of Rs 2,437.43 and a 52-week low of Rs 1,173.18 on 23 June, 2025 and 03 March, 2025, respectively.
Currently, the stock is trading 29.78 percent below its 52-week high and 45.89 percent above its 52-week low.
Market capitalisation stands at Rs 14,255.75 crore.
Sensex Today | KSH International IPO subscribed at 0.12 times at 3:00 PM (Day 1)
QIB – 0.00 times
NII - 0.05 times
Retail – 0.23 times
Overall – 0.12 times
Markets@3 | Sensex down 450 points, Nifty below 25900
The Sensex was down 457.79 points or 0.54 percent at 84,755.57, and the Nifty was down 141.65 points or 0.54 percent at 25,885.65. About 1470 shares advanced, 2329 shares declined, and 135 shares unchanged.
NIFTY 50 Market Map
Sensex Today | Coforge files second motion oetition with NCLT
Coforge has filed second motion petition with the Hon’ble NCLT in connection with the proposed scheme of amalgamation of Cigniti Technologies with and into Coforge and their respective shareholders, for its approval.
COFORGE was quoting at Rs 1,856.40, down Rs 14.00, or 0.75 percent.
It has touched an intraday high of Rs 1,870.35 and an intraday low of Rs 1,842.00.
It was trading with volumes of 13,515 shares, compared to its five day average of 54,680 shares, a decrease of -75.28 percent.
Sensex Today | ICICI Prudential Asset Management Company IPO subscribed at 19.62 times at 2:48 PM (Day 3)
QIB – 52.65 times
NII - 20.23 times
Retail – 2.11 times
Shareholder Portion - 8.79 times
Overall – 19.62 times
Sensex Today | BSE Midcap index down nearly 1%, snaps 3-day gaining streak
BSE MIDCAP Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Ola Electric | 34.54 | -7.62 | 4.45m |
| PB Fintech | 1,821.80 | -5.38 | 51.95k |
| Bharat Dynamics | 1,354.85 | -3.37 | 124.03k |
| AIA Engineering | 3,766.00 | -3.3 | 4.09k |
| Sun TV Network | 558.50 | -3.06 | 5.19k |
| KPIT Tech | 1,171.75 | -2.99 | 36.06k |
| Jubilant Food | 561.15 | -2.81 | 849.28k |
| SAIL | 128.65 | -2.76 | 185.39k |
| Star Health | 456.95 | -2.4 | 10.42k |
| Godrej Prop | 2,023.50 | -2.16 | 6.95k |
| FSN E-Co Nykaa | 246.70 | -2.01 | 431.76k |
| UPL | 750.10 | -1.99 | 13.24k |
| NMDC | 76.96 | -1.91 | 457.83k |
| One 97 Paytm | 1,284.50 | -1.89 | 41.40k |
| Punjab and Sind | 27.26 | -1.84 | 87.96k |
| GMR Airports | 103.00 | -1.81 | 392.68k |
| Prestige Estate | 1,625.65 | -1.77 | 4.18k |
| Exide Ind | 365.90 | -1.76 | 66.12k |
| HUDCO | 211.20 | -1.74 | 160.72k |
| Dalmia Bharat | 2,067.15 | -1.74 | 3.23k |
Sensex Today | Citi keeps ‘buy’ rating on ICICI Bank, target price at Rs 1,700
#1 Q2 corporate growth slowed due to accelerated PSU loan repayments
#2 Mortgages, unsecured lending & business banking remain strong
#3 NIMs to stay rangebound as deposit repricing gains are offset by lower investment yields, KCC slippages in Q3 & repo cut impact in 4Q
#4 MSME & business banking asset quality remains stable with limited export credit stress
#5 MD & CEO term renewal due in Oct 2026 is closely watched, with a formal announcement required six months prior
ICICI Bank was quoting at Rs 1,364.50, down Rs 0.70, or 0.05 percent.
Shivani Nyati, Head of Wealth at Swastika Investmart
Park Medi World is a prominent player in the Indian healthcare and wellness sector, with a strong focus on delivering affordable healthcare services and medical technologies.
The company has rapidly expanded its presence across Tier-2 and Tier-3 cities, where it has established itself as a trusted provider of medical facilities and healthcare products.
Over the past three years, Park Medi World has reported robust revenue growth, supported by an expanding network and rising demand for healthcare services.
In FY25, the company is expected to turn Free Cash Flow (FCF) positive, although reported net profit may remain negative due to continued investments in infrastructure expansion and technology upgrades.
The public issue has received a strong response from both institutional and retail investors, with overall subscription standing at approximately 8.52x. Additionally, the grey market premium (GMP) is trading at around 2–3%, reflecting positive pre-listing sentiment and expectations of a stable to moderately positive listing on the stock exchanges.
Sensex Today | SEBI approves IPO plan of Lohia Corp, SFC Environmental, Fusion CX, Orient Cables, RSB Retail
Sensex Today | Citi retains ‘neutral’ rating on Axis Bank, target price at Rs 1,285
#1 Corporate lending shows improved traction, while retail is recovering though sustainability needs monitoring
#2 Card stress is easing, personal loans are stabilising & export-oriented MSMEs show no stress
#3 Gross slippages to see seasonal Q3 volatility from agri CC/OD, less severe than Q1
#4 NIMs expected to bottom in Q4 or Q1, with a shallow c-shaped recovery to around 3.8 percent over 15-18 months
#5 Focus remains on positive operating leverage with declining cost-to-assets
#6 Fee-to-asset ratio optimisation remains constrained
Sensex Today | Persistent Systems announces strategic partnership with Digitalocean to advance accessible, scalable & secure AI
Meesho shares rally 74% from IPO price in five sessions; m-cap soars by Rs 14,000 crore since debut
Meesho share price: The company had a market capitalization of more than Rs 73,000 crore during its much-awaited market debut on December 10. At today's high, the company's market capitalization stood at over Rs 87,000 crore....Read More
Markets@2 | Sensex slips 400 pts, Nifty around 25900
The Sensex was down 405.56 points or 0.48 percent at 84,807.80, and the Nifty was down 128.75 points or 0.49 percent at 25,898.55. About 1470 shares advanced, 2276 shares declined, and 133 shares unchanged.
NSE Indian Indices Performance
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 25898.25 -0.5 | 9.53 0.23 | -0.05 4.99 |
| NIFTY BANK | 59074.00 -0.65 | 16.15 -0.25 | 0.95 10.25 |
| NIFTY Midcap 100 | 59683.20 -0.88 | 4.34 0.01 | -1.74 0.40 |
| NIFTY Smallcap 100 | 17273.10 -0.88 | -7.97 0.16 | -5.37 -11.56 |
| NIFTY NEXT 50 | 68207.80 -0.6 | 0.32 0.74 | -2.26 -6.76 |
Sensex Today | European indices trade flat
Sensex Today | Morgan Stanley keeps ‘overweight’ rating on Bharti Airtel, target price raises to Rs 2,435 from Rs 2,035
#1 Expect the industry repair phase to continue in the near term
#2 In medium-term, multiple levers could drive ARPU growth to mid-single digits, supporting double-digit India EBITDA growth
#3 Return ratio profile expected to improve sustainably to over 20 percent
#4 A tariff hike is likely in Q1FY27, with the stock reflecting this in the coming months
Shakti Pumps shares rally 45% in four sessions after hitting record low: Here's why
Shakti Pumps share price: Although the stock has made some recovery, it is still down around 43% from its 52-week high, and nearly 85% lower than its all-time high of Rs 5,124.80 per share, which it had hit in October last year....Read More
Sensex Today | Nifty PSU Bank index down nearly 1%
NIFTY PSU Bank Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Punjab and Sind | 27.26 | -1.84 | 979.73k |
| PNB | 116.80 | -1.63 | 7.25m |
| Bank of India | 139.50 | -1.6 | 2.55m |
| Bank of Mah | 56.56 | -1.46 | 3.97m |
| Indian Bank | 772.70 | -1.42 | 1.12m |
| UCO Bank | 28.75 | -1.27 | 2.41m |
| Bank of Baroda | 281.80 | -1.16 | 3.35m |
| Central Bank | 36.14 | -1.12 | 1.79m |
| IOB | 36.60 | -1 | 1.13m |
| Canara Bank | 147.26 | -0.69 | 8.54m |
| Union Bank | 152.70 | -0.62 | 3.84m |
| SBI | 962.90 | -0.45 | 2.49m |
Sensex Today | KSH International IPO subscribed at 0.10 times at 1:36 PM (Day 1)
QIB – 0.00 times
NII - 0.04 times
Retail – 0.19 times
Overall – 0.10 times
Sensex Today | ICICI Prudential Asset Management Company IPO subscribed at 10.51 times at 1:30 PM (Day 3)
QIB – 21.88 times
NII - 16.82 times
Retail – 1.78 times
Shareholder Portion - 7.32 times
Overall – 10.51 times
Currency Check | Rupee recovers but still trade lower
Indian rupee has erased some of the intraday losses but still trading lower at 90.98 per dollar versus previous close of 90.73.
Sensex Today | BSE Bank index snaps 3-day gain
BSE BANKEX Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Axis Bank | 1,230.50 | -4.18 | 94.90k |
| Yes Bank | 21.38 | -1.75 | 4.30m |
| Bank of Baroda | 281.15 | -1.37 | 72.11k |
| IndusInd Bank | 843.35 | -0.93 | 39.24k |
| Federal Bank | 263.05 | -0.87 | 304.79k |
| IDFC First Bank | 83.38 | -0.57 | 642.61k |
| SBI | 961.75 | -0.56 | 118.15k |
| ICICI Bank | 1,363.40 | -0.13 | 79.94k |
| HDFC Bank | 995.65 | -0.02 | 735.17k |
Sensex Today | Investec initiates ‘sell’ rating on Cello World, target price at Rs 530
#1 Around 30 percent of portfolio faces near-term macro headwinds, pressuring growth & EBITDA margin
#2 Glassware scaling challenging amid competition, likely capping EBITDA margin near 25 percent versus guidance
#3 FY28E EBITDA & PAT estimates are 26 percent & 22 percent below consensus, with further downgrades possible
#4 Valuation remains unattractive at 32x FY28 PE vs a two-year average of 34x
Sensex Today | Goel Construction Company bags order
The company has secured Rs 86.50 crore (excluding tax amount) service order from Dalmia Cement (Bharat) for execution of main plant civil works contract for post -Clinkerization work at Kadapa L2, Andhra Pradesh.
Goel Construction Company was quoting at Rs 310, up Rs 7, or 2.31 percent.
It has touched a 52-week low of Rs 291.10.
It has touched an intraday high of Rs 323 and an intraday low of Rs 291.10.
Sensex Today | MOSL keeps ‘neutral’ rating on Bajaj Auto, target price at Rs 9,070
#1 In the domestic motorcycle market, management aims to regain lost market share
#2 Export demand is expected to remain strong, supported by healthy growth in Latin American & Asian Markets
#3 In 2W & 3W EVs, company targets leadership with another chetak launch next year & recently launched E-Rik & Riki
#4 Company remains the only player close to EBITDA break-even in 2W EVs
#5 Currency depreciation is likely to provide margin support in the coming quarters
Markets@1 | Nifty below 25900, Sensex slips 430 points
The Sensex was down 430.62 points or 0.51 percent at 84,782.74, and the Nifty was down 134.75 points or 0.52 percent at 25,892.55. About 1473 shares advanced, 2197 shares declined, and 148 shares unchanged.
NSE Price Shockers (3 days)
| Company | CMP | Chg(%) | 3 Days Ago Price |
|---|---|---|---|
| Tainwala Chem | 213.93 | 33.77 | 159.92 |
| TV Vision | 10.25 | 31.92 | 7.77 |
| Agri-Tech | 169.67 | 30.99 | 129.53 |
| Asahi Songwon | 311.75 | 24.30 | 250.80 |
| Refex Ind | 311.10 | 22.05 | 254.90 |
| Shakti Pumps | 787.65 | 21.15 | 650.15 |
| Sameera Agro | 13.30 | 20.91 | 11.00 |
| Shri Rama Multi | 63.75 | 18.19 | 53.94 |
| DJ Mediaprint | 70.70 | 17.91 | 59.96 |
| Blue Pebble | 118.00 | 15.69 | 102.00 |
| Amines Plast | 201.71 | 15.62 | 174.46 |
| SEPC | 10.47 | 14.80 | 9.12 |
| Praj Industries | 347.25 | 14.34 | 303.70 |
| HANDSON GLOBAL | 74.32 | 13.31 | 65.59 |
| Maha Rasht Apex | 106.30 | 11.61 | 95.24 |
| Transworld Ship | 201.00 | 11.40 | 180.43 |
| Coffee Day | 36.27 | 11.33 | 32.58 |
| Madhav Copper | 53.89 | 10.88 | 48.60 |
| Bigbloc Constru | 73.55 | 10.82 | 66.37 |
| Fert and Chem | 915.90 | 10.74 | 827.10 |
Sensex Today | MOSL ‘buy’ rating on 360 ONE, target price at Rs 1,350
#1 Acquisitions of B&K & ET Money, with UBS collaboration, created a full-stack wealth ecosystem boosting client stickiness & revenue diversification
#2 B&K enhances fundraising, UBS strengthens offshore offerings
#3 ET money provides a scalable digital platform to acquire younger & HNI clients cost-effectively
#4 Company expected to achieve FY25-28 revenue & PAT CAGR of 20 percent & 21 percent
Sensex Today | BSE Consumer Durables index up 0.4%; Titan, Havells India, Voltas, among top gainers
BSE Consumer Durables Top Stock Gainers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Titan Company | 3,906.30 | 1.05 | 8.28k |
| Havells India | 1,422.25 | 0.64 | 11.06k |
| Voltas | 1,398.00 | 0.63 | 6.04k |
| Blue Star | 1,816.75 | 0.58 | 11.41k |
| Amber Enterpris | 6,836.00 | 0.55 | 3.73k |
| Whirlpool | 943.70 | 0.37 | 9.84k |
| Asian Paints | 2,786.70 | 0.23 | 16.52k |
| CG Consumer | 253.45 | 0.18 | 10.57k |
Sensex Today | KSH International IPO subscribed at 0.09 times at 12:36 PM (Day 1)
QIB – 0.00 times
NII - 0.03 times
Retail – 0.16 times
Overall – 0.09 times
V K Vijayakumar, Chief Investment Strategist, Geojit Investments
Further sharp weakness in rupee was not expected today since the November trade data has come better-than-expected. Covering of short positions may be a factor in today’s decline. Sustained FII selling is acting like a vicious cycle pulling the rupee down.
Normally when rupee declines, the RBI intervenes by selling dollars to stem the decline of the rupee. But recently the RBI’s policy has been to let the currency decline. Low inflation in India ( 0.71% in November ) is the reason for this non-intervention by the central bank. Rupee depreciation is not hurting the economy.
India’s November trade deficit declining to $24.53 billion from 41.68 billion in October is positive for the rupee.
