Share Market News Today | Sensex, Nifty, Share Prices Highlights: The domestic indices BSE Sensex and NSE Nifty closed in the green after the bears took over briefly. Sensex added 361 points to close at 60,927 while Nifty settled at 18,132, gaining 117.7 points or 0.6%. Bank Nifty added 0.54% to end at 42,859. All of BSE Sensex-30’s constituents begun trading in green, but five stocks closed in the red, with Tata Motors and Tata Steel gaining the most intraday. All Nifty’s sectoral indices, barring Nifty FMCG, ended in the positive territory with Nifty Metal rising over 3.7% in trade today. The broader markets also closed higher, Nifty Midcap 100 and Nifty Smallcap 100 gained 0.99% and 1.19% respectively.
Live Updates 16:38 (IST) 27 Dec 2022 Nifty Outlook
“Nifty moved higher at the end of a volatile trading session, adding 0.65% to the previous closing. On the daily chart, the rally stopped at the 50EMA. As long as it remains above 18,070, the trend appears to be positive. On the higher end, the index may move up towards 18,350. Support on the lower end is placed at 18,070/17,950.”
– Rupak De, Senior Technical Analyst, LKP Securities
16:07 (IST) 27 Dec 2022 Domestic market attempting to recoup previous week’s losses
“With strong support from global peers, the domestic market is attempting to recoup its previous week’s losses. Metal stocks shone amid hopes of a demand revival in China on reports of loosening COVID restrictions. This, along with fears over supply disruptions from winter storms in the US, resulted in oil prices rising.”
– Vinod Nair, Head of Research, Geojit Financial
15:41 (IST) 27 Dec 2022 Currency outlook
“Month-end dollar demand from oil importers and year-end rebalancing foreign fund outflows weighed on the Indian rupee in today’s trade as it surrendered Monday’s gain. The surge in crude and precious metal prices also weighed on the local unit.
Broadly speaking, the rupee has been stuck in the range of 82.40 to 82.90, lacking the directional move ahead of year-end. In the near term, the rupee is expected to trade between 82.40 to 82.90 against the dollar. The bias for the local currency remains weak as long as it trades below 82.40.”
– Dilip Parmar, Research Analyst, HDFC Securities
15:40 (IST) 27 Dec 2022 Nifty, Sensex extend gains for second session
The domestic indices BSE Sensex and NSE Nifty closed in the green amid volatility. Sensex added 361 points to close at 60,927 while Nifty settled at 18,132, gaining 117.7 points or 0.6%.
14:51 (IST) 27 Dec 2022 Public banks growing at strong pace
“Banking sector witnessed a double digit growth rate in CY22. Since 2000, India has witnessed three periods when real economic growth exceeded 7% for continuous stretches. Each phase was preceded and sometimes accompanied by a lending surge. This is because bank credit continues to play a significant part of financing activities, nevertheless the rise of alternative credits such as NBFCs and oversea loans. Indian banks have benefited from the upcoming cycle of improving credit growth, higher margins and improving asset quality.
Loan growth continues to be led by retail and SME segments, particularly for the private banks. Public banks are also growing at a strong pace. The coming year is expected to be strong as credit cost is likely to be lower and improving margins to add extra profitability. Nonetheless, the deposit growth is likely to be the key monitor-able. The public banks like BOB, Canara Bank, had outperformed the market. We expect the bull run to continue in the uptrend cycle.”– Ajit Kabi, Banking Analyst, LKP Securities
14:11 (IST) 27 Dec 2022 L&T shares rise nearly 2%
Larsen & Toubro shares rose nearly 2% to Rs 2122.00 after the company informed stock exchanges that its power transmission and distribution business secured multiple EPC orders in India and overseas.
14:05 (IST) 27 Dec 2022 Nifty broader market indices trade in green
All broader market indices were trading in the green, except the volatility index India VIX, which fell over 3%.
13:27 (IST) 27 Dec 2022 Key Themes for CY23
“As we step into CY23, the global factors, like recessionary fears, geo-political risks and rising covid cases in China could keep the equity markets volatile. US Fed policy actions in 2023 along with RBI’s would hold importance where any moderation might encourage markets to pick up momentum. We expect two themes to play out in CY23 viz. credit growth and capex and thus sectors like BFSI, capital goods, infrastructure, cement, housing, defence, railways could be in focus.”
– Motilal Oswal Broking and Distribution
12:54 (IST) 27 Dec 2022 27 stocks hit 52-week lows, 62 stocks hit 52-week highs
On the BSE Sensex, 62 stocks rose to hit fresh 52 week highs. Bengal & Assam Company, Droneacharya Aerial Innovations, Rhetan TMT, ICRA, Usha Martin, Som Datt Finance Corporation, Shilchar Technologies and many others were among those to hit these highs. On the flip side, 27 stocks fell to their 52 week lows. Quint Digital Media, Systematix Corporate Services, Dreamfolks Services, Everest Organics, HCP Plastene Bulkpack, Laurus Labs, Matrimony.com, Danube Industries and others were among these scrips.
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12:18 (IST) 27 Dec 2022 Smallcaps outperform
Smallcap indices Nifty Smallcap 50, Nifty Smallcap 100 and Nifty Smallcap 250 gain over 1% each intraday despite the volatility in the equity markets.
11:50 (IST) 27 Dec 2022 Nifty Metal shines
The Nifty Metal index shines in trade today as it rises 2.7% intraday with constituents Jindal Steel, Tata Steel, National Aluminum Company and SAIL leading the gains.
10:50 (IST) 27 Dec 2022 Nifty support at 17900, 17800
“Nifty opened gap up on Monday at 17830, made a high of 18084, made a low of 17775, and closed on a positive note at 18015 levels. For the day, support for the Nifty exists at 17900 and 17800 levels, whereas resistance for the Nifty stands at 18100 and 18200 levels. Bank Nifty opened gap up on Monday at 41716, made a high of 42846, made a low of 41569, and closed on a positive note at 42630 levels. For the day, support for Bank Nifty exists at 42000 and 41800 levels, whereas resistance for Bank Nifty stands at 43000 and 43200 levels.”
– ACM Group
10:24 (IST) 27 Dec 2022 Time Technoplast shares rise over 10%
Time Technoplast shares rose over 10% to Rs 99.60 after the company received a repeat order from Adani Total Gas Ltd for a supply of CNG Cascades made from Type-IV Composite Cylinder for a total value of Rs. 75 Crores The delivery of these cascades will begin in January 2023.
10:21 (IST) 27 Dec 2022 Nifty must reclaim 18500 for decisive upmove, Bank Nifty likely to remain choppy in near-term
Global cues are largely dictating the trend, in absence of any major event or data on the domestic front and we expect this scenario to continue. Besides, the upcoming expiry of the December month derivatives contract would keep the participants busy. Though the decline is widespread, we feel the defensive viz. FMCG and pharma may offer some respite in between however one needs to be selective.
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10:09 (IST) 27 Dec 2022 Nifty, Sensex trade mildly in red
Benchmark indices were trading lower amid volatility. The Sensex is down 91.61 points or 0.15% at 60474.81, and the Nifty down 25.00 points or 0.14% at 17989.60.
10:08 (IST) 27 Dec 2022 Derivative view
“Nifty weekly contract has highest open interest at 18,200 for Calls and 17,000 for Puts while monthly contracts have highest open interest at 18,200 for Calls and 17,000 for Puts. Highest new OI addition was seen at 18,300 for Calls and 17,800 for Puts in weekly and at 18300 for Calls and 17,800 for Puts in monthly contracts. FIIs increased their future index long position holdings by -2.55%, increased future index shorts by -12.72% and in index options by -11.06% in Call longs, 3.97% in Call short, -13.41% in Put longs and 39.44% in Put shorts.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:48 (IST) 27 Dec 2022 New Year likely to begin on optimistic note
“Major part of the 320 point cut in Nifty on Friday has been reversed by the 207 point rally yesterday. Covid scare played an important role in the correction on Friday which saw sharp cuts on banking and hotel stocks and rally in pharma stocks. This trend has reversed with Covid fears receding now. Looks like 2022 is heading for a less volatile end. The New Year is likely to begin on an optimistic note with Q3 results and budget expectations influencing market moves. Results from the banking and capital goods segment would be good since bank credit growth and capex are the two strong themes in the economy now. Banking majors have the potential to move up further from present levels. In IT investors would be keenly watching the guidance from the management rather than the Q3 results which will be good.”
– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
09:26 (IST) 27 Dec 2022 Currency outlook
“The USDINR 28 December futures contract was unable to sustain above 82.85 and slipped again. On the daily technical chart the pair is trading below its support level of 82.85. RSI is fetching above 50 levels but MACD is moving down to form a negative divergence on the daily technical chart. Looking at the technical set-up, if the pair manages to cross and sustain above 82.85 levels, it could gain further strength towards 83.00-83.30; otherwise it will test its support level of 82.55- 82.40 again. We suggest closely watching the levels of 82.55-83.05 for taking fresh positions in the pair; either side breakout of the range could give further directions.”
– Rahul Kalantri, VP Commodities, Mehta Equities
09:25 (IST) 27 Dec 2022 Banking stocks gain
Bank Nifty and Nifty PSU Bank gain in the morning trade, rising 0.6% and 1.83% respectively. Indian Overseas Bank, Central Bank, Punjab National Bank are the top PSB winners so far.
09:22 (IST) 27 Dec 2022 Markets start in green
The domestic indices BSE Sensex and NSE Nifty opened in the green as indicated by SGX Nifty. Sensex added 286 points to trade at 60,852 while Nifty was at 18,094, gaining 80 points or 0.5%.
09:11 (IST) 27 Dec 2022 Nifty, Sensex end pre-open higher
Domestic indices NSE Nifty and BSE Sensex close the pre-open session in the positive, with Sensex gaining almost 300 points to settle at 60,861 while Nifty added 0.4% to end at 18,089.
09:09 (IST) 27 Dec 2022 China ending zero-Covid policy
“China officially announced Monday it will end quarantine for inbound travelers on Jan. 8 — symbolizing an end to its zero-Covid policy that it’s held for nearly three years. China’s total profits of industrial enterprises for January to November fell further to -3.6% compared with a year ago. November’s print marks the fifth-straight negative reading after falling below 0 in July, and marks the worst performance since August 2020, when it saw a loss of 4.4%. Strict COVID 19-related restrictions disrupted factory activity and supply chains as the virus spread through key manufacturing hubs.”
– Deepak Jasani, Head of Retail Research, HDFC Securities
09:09 (IST) 27 Dec 2022 NSE Bulk Deals
Premji Bhuralal Gala HUF sold 1,05,000 shares of Tembo Global Ind Ltd (TEMBO) at Rs 108.55 per share on Monday.
Bhavesh Kirti Mathuria bought 1,05,600 shares of Atal Realtech Ltd (ATALREAL) at Rs 74.03 per share.
Mansi Shares & Stock Advisors Pvt Ltd bought 1,08,000 shares of Arham Technologies Ltd (ARHAM) at Rs 65.65 per share.
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09:08 (IST) 27 Dec 2022 Nifty’s major support at 17407-17567
‘Markets may start on a higher note on Tuesday tracking gains in global indices, as investors resort to more short covering and value buying following the recent sell-off. Investors will be hoping that stocks will stage a Santa Claus rally, bringing some more respite to the markets. However, volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Nifty’s major support is seen at 17407-17567 zone with intraday support at 17871 mark. On the upside, Nifty will now face hurdles at 18221 mark, while confirmation of strength only if the index closes above the 18473 mark.’
– Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
09:01 (IST) 27 Dec 2022 Levels to watch
“Nifty may find support around 17850 followed by 17800 levels, while on the upside, 18220 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 41600 levels while resistance is placed at 43500. Currently, the index has mixed signals from the global front, especially in the US markets. We suggest short-term traders must ride with hedged positions to counter volatility. Overall, Investors may opt for quality stocks and Index ETF for long-term portfolios,” said Om Mehra, Equity Research Analyst, Choice Broking.
08:48 (IST) 27 Dec 2022 Nifty Options
In Nifty Options for Dec 29th Expiry, more than 227k Put contracts were added and about 77k Call Contracts were reduced today indicating short-covering. Highest Put OI is at 17800 strike (136k contracts) strike followed by 18000. Highest Call OI is at 18200 strike (177k contracts) followed by 18500.
– Emkay Global
08:40 (IST) 27 Dec 2022 F&O Ban
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of only one stock/security on Tuesday, December 27, 2022. Punjab National Bank (PNB) is the only stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Tuesday.
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08:34 (IST) 27 Dec 2022 FIIs net sellers
Foreign institutional investors (FIIs) sold shares worth Rs 497.65 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,285.74 crore on Monday, 26 December, according to the provisional data available on the NSE.
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08:09 (IST) 27 Dec 2022 Technical View
“A long bull candle was formed with minor upper shadow on the daily chart, that has placed beside the long negative candle of previous session. Technically, this pattern signal a counter attack of bulls after a sharp weakness.
After the downside breakout of crucial support of ascending trend line at 18100 levels on Friday, the Nifty showing immediate upside bounces on Monday without follow-through sell off could be a cheering factor for bulls to make a comeback. A sustainable move above 18100-18150 levels is likely to be considered as a false downside breakout of TL and that could have more positive impact on the market ahead. Immediate support is at 17800 levels.”
– Nagaraj Shetti, Technical Research Analyst, HDFC Securities
08:07 (IST) 27 Dec 2022 Crude rises on US winter storms
Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil. Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1%. – Reuters
07:57 (IST) 27 Dec 2022 Rupee could gain against dollar
‘USDINR spot closed 21 paise lower at 82.65, on the back of risk on sentiments and exporter selling into the year. end. Till end of this, we could see Rupee strengthen a bit against the US Dollar, possibly towards 82.35/40 levels. An overal range of 82.35 and 82.85 expected on spot.’
– Anindya Banerjee, VP – Currency Derivatives & Interest Rate Derivatives, Kotak Securities
07:55 (IST) 27 Dec 2022 US market view
Wall Street was closed for trading on Monday as a result of the Christmas holiday and will resume today. On Friday, the US indices ended higher, with Dow Jones and S&P 500 settling up by over 0.5% each and Nasdaq Composite gained 0.21%.
07:54 (IST) 27 Dec 2022 Asian market view
The Asia-Pacific markets are broadly trading in the green on Tuesday, barring Hong Kong’s Hang Seng index, which is 0.44% lower. Japan’s Nikkei 225 and the Shanghai Composite add 0.4% each, while South Korea’s KOSPI gains 0.49%.