Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices NSE Nifty and BSE Sensex traded in the red for most of the session, but the bulls staged a comeback on Dalal Street on the monthly F&O expiry. Nifty recovered 200 points from its intraday low and closed at 18191, while Sensex gained 0.3% to settle at 61,133. From dropping over 0.5% intraday, Bank Nifty trimmed its losses, gained 762 from the day’s low to end at 43,252. The broader markets closed primarily in the green after opening in the red; Nifty Midcap 100 and Nifty Smallcap 100 ended flat. Sectorally, Nifty PSU Bank and Nifty Private Bank gained 0.7% and 1.03% each as ICICI Bank, HDFC Bank and SBI led the gains. KFintech IPO had a flat debut on the bourses.
Live Updates 16:19 (IST) 29 Dec 2022 Nifty remained rangebound
“Nifty remained rangebound during the first half of the trading session, only to clear the resistance in the later half of the day. The index could reclaim the 50 EMA on the daily timeframe, suggesting a rise in optimism among investors. The momentum indicator RSI (14) is in bullish crossover. Over the near term, the index is likely to remain positive as long as it remains above 17,950. Therefore, buying on dips would be a good strategy until 17,950 is held. On the higher end, resistance is placed at 18,350.”
– Rupak De, Senior Technical Analyst at LKP Securities
15:40 (IST) 29 Dec 2022 Nifty, Sensex end in green
Nifty recovered 200 points from its intraday low and closed at 18191, while Sensex gained 0.3% to settle at 61,133. From dropping over 0.5% intraday, Bank Nifty trimmed its losses, gained 762 from the day’s low to end at 43,252.
15:29 (IST) 29 Dec 2022 Bank Nifty gains
Bank Nifty soared 827 points from the day’s low to trade at 43,314.2, up by 1.15%.
15:14 (IST) 29 Dec 2022 Sugar stocks rise
“Even though markets are down, sugar stocks have extended their rally for a second day. And expected that it will continue frurther as The government recently announced a 100% incentive for ethanol production in November and The anticipation of an increase in the price of ethanol produced from cane juice is also good for sugar stocks. More than 3% gains are being seen in Kotarisugar, Dwarkesh, and Avadhasugar, and positive chart momentum is present. After an ideal price correction, the Bullish trend of the aforementioned stocks has resumed.”
– Rameshver Dongre, Research Analyst – Equity Research, CapitalVia
15:11 (IST) 29 Dec 2022 Bulls stage comeback
Indian indices Nifty and Sensex were trading in the red but trimmed their losses to trade in the positive territory. Nifty gained almost 200 points from the day’s low, up 0.3% at 18,182. Sensex added over 650 points from the day’s low to trade at 61,135 as the bulls stage a comeback on Dalal Street.
14:43 (IST) 29 Dec 2022 Sensex, Nifty pare losses
Domestic indices BSE Sensex and NSE Nifty recoup some losses from intraday lows. Nifty recovered 119 points to trade at 18,110, down by 0.05% while Sensex regained over 400 points to trade flat at 60,899.
14:00 (IST) 29 Dec 2022 Mamaearth parent files for IPO
Mamaearth’s parent firm Honasa Consumer Ltd, co-founded by Shark Tank fame entrepreneur Ghazal Alagh, has filed DRHP for an IPO to raise up to about Rs 3,000 crore for existing selling shareholders and fresh issue, according to reports.
Read full story.
12:45 (IST) 29 Dec 2022 Nifty Weekly and Monthly Change
“Nifty Index is down by 1.96% in this series at 18122 on expiry to expiry basis as Nov 2022 series settled at 18484. Nifty VWAP of this series is near to 18480 and Index is trading around 350 points below from VWAP levels while it is up by 50 points from its weekly VWAP of 18075 levels which suggests overall buying on decline for expiry day point of view with restricted upside.”
– MOSt Research Group, Motilal Oswal Financial Services
12:21 (IST) 29 Dec 2022 Broader markets and sectoral indices in red
The broader markets and Nifty’s sectoral indices are trading in the red as the domestic indices, NSE Nifty and BSE Sensex, are trading 0.5% lower. Nifty Media and Nifty Realty are both 1% down.
11:51 (IST) 29 Dec 2022 KFintech IPO sees flat listing
KFin Technologies shares had a muted listing on the bourses on Thursday after the IPO closed last week. The shares opened flat amid a negative domestic market. The shares listed at Rs 369 on the BSE before falling 3%, as compared to the public issue price of Rs 366.
Read full story.
11:05 (IST) 29 Dec 2022 Shriram Finance shares fall nearly 10%
Shriram Finance shares fell 9.75% to Rs 1271.30 on Thursday after the listing of 174 million additional shares pursuant to the Composite Scheme of Arrangement and Amalgamation between Shrilekha Business Consultancy Private Limited and Shriram Financial Ventures (Chennai) Private Limited and Shriram Capital Limited and Shriram Transport Finance Company Limited and Shriram City Union Finance Limited and Shriram LI Holdings Private Limited and Shriram GI Holdings Private Limited and Shriram Investments Holdings Limited and their respective Shareholders.
10:52 (IST) 29 Dec 2022 Tata Steel shares rise over 1%
Tata Steel shares rose 1.4% to Rs 111.50 27 on Thursday after the company acquired 1,15,45,667 equity shares of Rs 10/- each at an issue price of Rs 12.81 per share of Tata Steel Advanced Materials Limited (TSAML) for an amount aggregating to approximately Rs 14.80 crore.
10:47 (IST) 29 Dec 2022 Godrej Properties shares fall nearly 2%
Godrej Properties shares fell 1.75% to Rs 1211.05 on Thursday after the company acquired approximately 9 acres of land in Gurugram, Haryana through an outright purchase. According to the company, the project will have an estimated revenue potential of around Rs 2,500 Crore.
10:39 (IST) 29 Dec 2022 Bank Nifty levels to watch
“For the day, support for Bank Nifty exists at 42500 and 42000 levels, whereas resistance for Bank Nifty stands at 43500 and 43800 levels.” – ACM Group
10:35 (IST) 29 Dec 2022 Nifty Outlook
“We are inclined to expect consolidation inside 18,040-1,7940 rather than an outright collapse. Slippage past this band would force us to reconsider 17,670, while the prospects of 18,400 would be up, should slippages manage to be contained within the 18,040-17,940 band.”
– Anand James, Chief Market Strategist, Geojit Financial Services
10:12 (IST) 29 Dec 2022 Global markets weak
“There is weakness in global markets on renewed Covid fears on top of the concerns surrounding the US economy tipping into recession. These concerns are likely to keep the markets subdued and, therefore, the Nifty may consolidate around the present levels with a downward bias. The next trigger for the markets will come from the Q3 results starting from January 12th. Financials, capital goods and construction-related segments are likely to post good Q3 numbers and, therefore, investors may closely watch these segments.”
– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
09:54 (IST) 29 Dec 2022 Derivative View
“Nifty weekly contract has highest open interest at 18,200 for Calls and 18,000 for Puts while monthly contracts have highest open interest at 18,200 for Calls and 18,000 for Puts. Highest new OI addition was seen at 18,500 for Calls and 18,100 for Puts in weekly and at 18,500 for Calls and 18,100 for Puts in monthly contracts. FIIs increased their future index long position holdings by 0.88%, increased future index shorts by -3.80% and in index options by 0.34% in Call longs, 0.82% in Call short, 0.19% in Put longs and 2.51% in Put shorts.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:24 (IST) 29 Dec 2022 Nifty top gainers, losers
Dr Reddy, Cipla, Sun Pharma, Divis Lab and Bharti Airtel are the top gainers on the Nifty 50 index, while Hindalco, HDFC Life, Grasim, JSW Steel and UltraTech cement are the top laggards.
09:23 (IST) 29 Dec 2022 Currency outlook
“The USDINR 27 January futures contract traded in a tight range over the past one week. On the daily technical chart the pair is trading above its resistance level of 82.85. RSI is fetching above 55 levels but MACD is moving down to form a negative divergence on the daily technical chart. The pair is facing steep resistance at higher levels but if it sustains above 83.05 levels it could show further strength towards 83.22-83.40; support is placed at 82.80-82.55 levels. We suggest closely watching the levels of 82.80-83.05 for taking fresh positions in the pair; either side breakout of the range could give further directions.”
– Rahul Kalantri, VP Commodities, Mehta Equities
09:18 (IST) 29 Dec 2022 Nifty, Sensex open in red
Domestic indices NSE Nifty and BSE Sensex opened the session in red, following global markets. Nifty dropped 80 points to open at 18,045 while Sensex lost 282 points, opening at 60,628.
09:13 (IST) 29 Dec 2022 Market outlook
“Nifty seems to have run into a road block after a two day rise. However a small intra day range does not give enough signals for the future trend. Nifty could now face resistance in the 18173-18203 band and take support from 17967-17977 band in the near term.”
– Deepak Jasani, Head of Retail Research, HDFC Securities
09:12 (IST) 29 Dec 2022 Sensex, Nifty fall during pre-open
Benchmark equity indices NSE Nifty and BSE Sensex fall during the morning’s pre-open session, following weak global cues. Sensex dipped by 0.46% or 281 points to 60,628 while Nifty fell to 18,045, losing 76 points.
09:09 (IST) 29 Dec 2022 FII DII data
Foreign institutional investors (FII) sold shares worth a net Rs 872.59 crore while domestic institutional investors (DII) purchased shares worth a net Rs 372.87 crore on Wednesday, December 28, 2022, according to the data available on NSE.
Read full story here
08:58 (IST) 29 Dec 2022 Covid impact on Wall Street
“U.S. stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. US stocks fell for a second day on concern that the end of China’s zero-Covid policy could lead to a rise in cases around the world. All 11 S&P 500 sectors finished lower on Wednesday with energy stocks falling by 2.2%, as worries over rising fuel demand in China weighed on oil prices. If the Chinese reopening story is positive for oil and commodity prices – and for the massively battered Chinese stocks, it’s bad news for global inflation.”
– Deepak Jasani, Head of Retail Research, HDFC Securities
08:55 (IST) 29 Dec 2022 Nifty Options
In Nifty Options for Dec 29th Expiry, 237k Put contracts were added and 211k Call Contracts were added today. Highest Put OI is at 18000 strike (247k contracts) strike followed by 18100. Highest Call OI is at 18200 strike (218k contracts) followed by 18500. – Emkay
08:43 (IST) 29 Dec 2022 Stocks under F&O ban today
Balrampur Chini Mills and Indiabulls Housing Finance are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Thursday, December 29.
Read full story
08:39 (IST) 29 Dec 2022 Markets to see bearish opening
“Markets are likely to see a bearish opening on Thursday in view of weak global cues after US markets slumped overnight amidst rising bond yields over fears that inflation could pick up on China’s reopening. Volatility is likely to be the hallmark for the day as traders roll-over December F&O contracts to January. Oil prices have declined $77 per barrel on concerns that surging Covid-19 cases in China will undermine the recovery of the world’s second-biggest economy. Besides, FIIs have sold shares to the tune of Rs 2,239 crores in the last 3-trading sessions and Rs 10,708 crore in the month so far, which is a sign of caution for investors.”
– Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
08:38 (IST) 29 Dec 2022 Asian markets fall
The Asia-Pacific markets followed suit as Japan’s Nikkei 225 sheds 1.3%, China’s Shaghai Composite dropped 0.2% and Hong Kong’s Hang Seng index traded 1.03% lower.
08:37 (IST) 29 Dec 2022 Wall Street overnight
Overnight, Wall Street ended lower as the major indices sunk into the red, losing over 1% each. The NASDAQ Composite and S&P 500 dropped 1.35% and 1.2% respectively while Dow Jones fell 1.1%, erasing hopes of a Santa Claus rally.