Share Market News Today | Sensex, Nifty, Share Prices Highlights: Bulls marched back on Dalal Street as BSE Sensex ended 721 pts or 1.2% higher at 60,566, while NSE Nifty 50 closed at 18,015, up 208 pts or 1%. All the sectoral indices ended in green. In the broader market, BSE midcap index added 2.3% and smallcap index rose 3%. SBI, IndusInd Bank, Hindalco Industries, Tata Steel and Coal India were the biggest Nifty gainers, while Divis Labs, Cipla, Dr Reddy’s Laboratories, Nestle India and Kotak Mahindra Bank were the laggards. Among individual stocks, shares of NDTV gained over 5% after the company’s founders Prannoy Roy and Radhika Roy decided to sell 27.26% shareholding in the news broadcaster to Adani Group.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 26 December, Monday
15:35 (IST) 26 Dec 2022 Rupee closes higher
Indian rupee closed 21 paise higher at 82.65 per dollar on Monday against Friday’s close of 82.86.
15:35 (IST) 26 Dec 2022 Sensex jumps 700 pts, Nifty top 18000
Benchmark indices ended higher with Nifty closing around 18,000 as bulls returned to Dalal Street. Buying was seen across the sectors, barring pharma. SBI, IndusInd Bank, Hindalco Industries, Tata Steel and Coal India were among the biggest Nifty gainers, while Divis Labs, Cipla, Dr Reddy’s Laboratories, Nestle India and Kotak Mahindra Bank were the laggards. All the sectoral indices ended in the green.The BSE midcap index added 2.3% and smallcap index rose 3%.
15:13 (IST) 26 Dec 2022 Karnataka Bank shares jump 10%
Karnataka Bank has received approval from Reserve Bank of India for appointment of Sekhar Rao as its Executive Director. Rao is appointed as Executive Director of the bank for a period of three years. Karnataka Bank shares jumped 10%, and were quoting at Rs 141 on BSE.
15:06 (IST) 26 Dec 2022 Nifty, Sensex extend gains
Benchmark indices extended the gains and trading at day’s high level with Nifty above 18,000. The Sensex was up 988.49 points or 1.65% at 60833.78, and the Nifty was up 275.20 points or 1.55% at 18082.
15:03 (IST) 26 Dec 2022 Nifty 2023 outlook positive; new year to offer profitable stock-specific opportunities; Check top stock picks
This new year will bring a lot of profitable stock-specific opportunities for investors. Initially in 2022, the Nifty index slipped lower after its failed attempt to reclaim the record high in the beginning and made a low at 15,191.10 in June month. However, the tone changed in the latter half and the index pared all the losses and reached a new record high at 18,887.60 levels in December. “Currently, the index is hovering around the upper band of the range amid mixed signals from the global front, especially the US markets. From the medium-term perspective, Nifty should hold decisive above 18,700 to start the next leg of the up move else the time-wise correction would continue,” said analysts at Religare Broking.
Read full story
14:30 (IST) 26 Dec 2022 Rupee may breach 84-mark in next quarter
“In the coming year, we expect that volatility for the rupee could continue to remain elevated and with central banks at this point of time continue to remain hawkish is likely to be supportive for the dollar across the board. In the next couple of months, focus will now be shifting to how the economic numbers from the various nations start to come in as steps taken by the major central banks is likely to reflect on the underlying economy. We expect that the USDINR(Spot) could trade with a positive bias and in the next quarter could quote in the range of 81.50 and 84.50.”-Navneet Damani, Sr. VP, Currency & Commodity, MOFSL
14:29 (IST) 26 Dec 2022 Dips in gold, silver can used as buying opportunities
“Since the start of 2022, our view has been more in the favour of silver outperforming gold, and the returns comparison depicts the same. As per our previous quarterly report, we had given medium target of Rs. 53,000 for Gold and Rs. 64,500 for Silver which was achieved recently. Now, we do see some signs of exhaustion in both metals, however these dips could be used as buying opportunity for any medium to long-term investor for the target of Rs. 58,000 in gold and Rs. 73,000 followed by 82,000 in silver.”- Navneet Damani, Sr. VP, Currency & Commodity, MOFSL
14:07 (IST) 26 Dec 2022 Nifty, Sensex hold firm gains
The Sensex is up 692.86 points or 1.16% at 60,538. Nifty 50 is up 198.10 points or 1.11 percent at 18,004.
14:07 (IST) 26 Dec 2022 BSE Midcap jumps 2%
BSE Midcap index added 2%, led by Indian Overseas Bank, Union Bank of India, Bank of India
13:42 (IST) 26 Dec 2022 Poonawalla Fincorp shares rise over 13%
Poonawalla Fincorp shares rose 13% to Rs 279.20 on Monday. The shares touched an intraday high of 279.20 and a low of 248.00.
12:37 (IST) 26 Dec 2022 Suven Pharma shares fall 2%
Suven Pharma shares fell 2% to Rs 488.00 in the intraday trade after rising 4% in the initial hours of trading after Advent International signed a deal to acquire a significant stake in the Hyderabad-based company from its promoter Jasti family.
12:30 (IST) 26 Dec 2022 Nifty PSU Bank extends gains, up 4.85%
Nifty PSU Bank was trading nearly 5% higher at 4,077.20 led by Indian Overseas Bank (up 11.83%), Union Bank (up 11.03%) and Bank of India (up 8.59%).
11:59 (IST) 26 Dec 2022 Sensex trades at 60,500; Nifty surpasses 18,000 level
The BSE Sensex is trading 656.37 points or 1.10% higher at 60,500. The NSE Nifty is trading over 1% up at 18,001.
11:30 (IST) 26 Dec 2022 Tata Motors shares rise nearly 3%
Tata Motors shares gained 2.68% to Rs 388.45 after subsidiary TML CV Mobility Solutions signed a contract with the Delhi Transport Corporation (DTC) to operate 1,500 electric buses in New Delhi. TML will supply, operate, and maintain 1,500 12-metre, low-floor, air-conditioned electric buses for a period of 12 years.
11:17 (IST) 26 Dec 2022 L&T shares rise over 2%
Larsen & Toubro shares rose over 2% to Rs 2106.00 after the Water & Effluent Treatment Business of L&T Construction secured an order from the Tumakuru Industrial Township Limited (TITL).
11:12 (IST) 26 Dec 2022 Axiscades Tech shares rise 4%
Axiscades Technology Ltd shares climbed nearly 4% to Rs 290.90 after the company announced that it has completed the acquisition of Mistral Solutions. The acquisition, which was initiated in the year 2017, was executed over 4 phases at an aggregate acquisition cost of Rs 296 crore.
Read full story
10:48 (IST) 26 Dec 2022 Nifty may fall to 17650 till it holds below 17950; buy these two stocks to pocket short-term gains
This week expectation of range bound movement but probably domestic market likely to bounce back after a fall of 3% in index this week; largely due to absence of global events next week (No news is good news) ahead of Christmas Holiday in US and European countries (Monday closed). Hope of short covering likely in the expiry of December series. Nifty has formed a Bearish candle on daily scale and has been making lower lows from the last seven sessions. Now, till it holds below 17950 zones, weakness may be seen towards 17650 and 17500 zones whereas hurdles are placed at 17950 and 18081 zones.
Read full story
10:47 (IST) 26 Dec 2022 Indian markets trading at valuations above long term averages
“There remain multiple global macro factors at play which would likely have a bearing on the direction of equity markets. Indian growth outlook appears stable and a relative outlier. However, the external sector is the key monitorable. Corporate earnings estimates have seen some downtick seen recently. On the other hand, commodity cost pressures easing off is a positive and earnings growth from here on would likely be driven by operating leverage. While growth remains strong, Indian markets are trading at valuations which are above long term averages on an absolute basis and valuations relative to emerging markets are stretched. With this back drop, we believe that bottom up stock picking would be the way forward in 2023.”- Shibani Sircar Kurian, Senior EVP & Head- Equity Research, Kotak Mahindra AMC
10:35 (IST) 26 Dec 2022 All broader market indices of Nifty turn green
All broader market indices of Nifty were trading in green with Nifty Mid Cap 50 rising over 1%, Nifty Small Cap 100 up 2.03%, and Nifty Micro Cap 250 up 2.26%.
10:21 (IST) 26 Dec 2022 SJVN rallies 6%
SJVN rallies 6% on bagging full capacity for 100MW of wind power project. The company has won the full capacity of the 100 MW wind power project at Rs 2.90 per unit on a build-own-and-operate basis through an e-reverse auction.
10:05 (IST) 26 Dec 2022 Indices firmly hold gains
The Sensex was up 449.45 points or 0.75% at 60294.74, and the Nifty was up 128.70 points or 0.72% at 17935.50.
09:58 (IST) 26 Dec 2022 Siemens rises 3%
Siemens rises 3% as the company bags Rs 26,000 cr tender from railways to supply 1200 freight trains.
09:49 (IST) 26 Dec 2022 Realty stocks gain
BSE Realty index rises 1%, led by Phoenix Mills, Indiabulls Real Estate, Sobha
09:44 (IST) 26 Dec 2022 Sah Polymers sets IPO price band at Rs 61-65
Packaging solutions provider Sah Polymers has set a price band for its initial public offering at Rs 61-65 a share. The issue will open for subscription from December 30- January 4. Investors can bid for a minimum of 230 shares and in multiples thereafter.
The company has reserved 75% of the public issue size for qualified institutional buyers, 15% for high networth individuals (non-institutional investors), and the remaining 10% for retail investors.
09:43 (IST) 26 Dec 2022 Rupee may appreciate on weak dollar, positive equity markets
The Indian rupee opened marginally higher at 82.78 per dollar against Friday’s close of 82.86. The local unit is expected to appreciate on Monday mainly on the back of a weak US dollar and rise in risk appetite in Asian markets. However, a surge in crude oil prices may prevent sharp gains in domestic currency. “Also, as the holiday season started market volume may remain thin. US$INR (December) is facing strong resistance near 83.00 level. As long as it sustains below this level it may slip back to 82.55 level,” said ICICIdirect.
Read full story
09:39 (IST) 26 Dec 2022 PSU Bank stocks gain
Nifty PSU Bank index up 2%, led by the Union Bank of India, Indian Overseas Bank, Bank of Maharashtra
09:34 (IST) 26 Dec 2022 Recovery will be slow and tough
“The market sell off on Friday was the consequence of the cumulative impact of Covid fears, valuation concerns and margin calls in many momentum stocks. It is important to note that the 320 point cut in Nifty was caused on a day when DIIs bought heavily for Rs 3398 crores and FIIs sold only for Rs 706 crores. This means the selling was triggered by HNIs and retail which, in turn, triggered margin calls in momentum stocks that led to steep cuts in these segments. Heavy FII selling in call options in the derivatives segment indicate that recovery will be slow and tough. Long-term investors can nibble at high quality stocks in capital goods, telecom, banking, and pharma.”-VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:31 (IST) 26 Dec 2022 NDTV shares up 2%
New Delhi Television Ltd (NDTV)’s shares gained 2% after founders Prannoy Roy and Radhika Roy said on 23 that they have decided to transfer most of their shares in the company to Gautam Adani, giving his conglomerate control over nearly 65% of the media network.
09:28 (IST) 26 Dec 2022 NSE Bulk deals, December 23
Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 3,92,421 Landmark Cars Ltd (LANDMARK) shares Landmark Cars Ltd (LANDMARK) at Rs 466.55 per share.
Barclays Securities India Pvt Ltd sold 2,13,033 shares of Zota Health Care Ltd (ZOTA) at Rs 254.50 per share.
West & Best Trading Pvt Ltd bought 2,99,000 shares of Abans Holdings Ltd (AHL) at Rs 267.91 per share.
Read full story
09:24 (IST) 26 Dec 2022 FII DII data
Foreign institutional inventors (FII) sold shares worth a net Rs 706.84 crore while domestic institutional investors (DII) purchased shares worth a net Rs 3398.98 crore on Friday, December 23, 2022, according to the data available on NSE.
Read full story
09:20 (IST) 26 Dec 2022 Nifty gainers, losers
Divis Labs, Cipla, Power Grid Corp, Sun Pharma and ONGC were among major gainers on the Nifty, while Asian Paints, Bajaj Finance, Adani Ports, Tata Consumer Products and Maruti Suzuki were the laggards.
09:19 (IST) 26 Dec 2022 Nifty, Sensex open marginally higher
Amid mixed global cues, renewed covid fears, Indian benchmark indices opened mildly in green. BSE Sensex was trading flat at around 59,900 level, while NSE Nifty 50 was trading above 17800.
09:15 (IST) 26 Dec 2022 Nifty may witness a pullback
“Rise in VIX may allow for a pull back, without quite confirming an upside reversal. The 18,000 region is a critical level to such an event, which could again force a turn lower. If such declines do not force beyond 17670 oreven 18800, expect a turn higher again which could aim for 18,100 or even 18,250.”-Anand James – Chief Market Strategist at Geojit Financial Services
09:11 (IST) 26 Dec 2022 Rupee opens higher
Indian rupee opened marginally higher at 82.78 per dollar against Friday’s close of 82.86 per dollar.
09:05 (IST) 26 Dec 2022 Pre-Open: Nifty, Sensex in red
Benchmark indices are trading lower in the pre-opening session. The Sensex was down 382.61 points or 0.64% at 59462.68, and the Nifty was down 202.70 points or 1.14% at 17604.10.
08:52 (IST) 26 Dec 2022 Gautam Adani to control nearly 65% of NDTV
New Delhi Television Ltd (NDTV)’s founders Prannoy Roy and Radhika Roy have decided to transfer most of their shares in the company to Gautam Adani, giving his conglomerate control over nearly 65% of the media company. Radhika and Prannoy Roy will sell a 27.26% stake in NDTV to an entity owned by Adani, giving it 64.71% of NDTV, regulatory filings by NDTV showed. Adani already held more than 37% in NDTV after an open offer and an earlier acquisition of a company owned by the founders.
08:47 (IST) 26 Dec 2022 Nifty to witness selling below 17600, Bank Nifty trend weak; use Long Straddle strategy for 29 Dec F&O expiry
The chart pattern suggests that if Nifty breaks below 17600 level it would witness selling which would take the index towards 17300-17100. However, if Nifty crosses and sustains above 18000 level, it would witness buying which would lead the index towards 18200-18500 levels. For the week, we expect Nifty to trade in the range of 18300-17300 with negative bias. The weekly strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias in a short term.
Read full story
08:44 (IST) 26 Dec 2022 Investors to remain cautious, technical landscape bleak
“After last week’s sell-off, markets are likely to consolidate in early trades Monday, amid gains in other Asian indices. However, undertone is likely to remain cautious with bouts of intra-day volatility. Relentless cascade of COVID-19 news is likely to make any investment decision challenging in the near term, as markets fear the risk of new virus spread could bring back stricter lockdowns. The negative takeaway is that the near-term technical landscape has turned bleak with immediate upside capped at 18200-18250 zone while downside risks are seen at 17401-17567 zone.”-Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
08:32 (IST) 26 Dec 2022 India should be more ambitious in fiscal consolidation: IMF
The Indian government should be more ambitious when it comes to improving its finances, according to the International Monetary Fund (IMF). “We think that (fiscal deficit of) 4.5% by 2025-26 is achievable. We think it could go further,” said Nada Choueiri, the IMF’s mission chief for India. “Our scenario, which we have proposed to the authorities, is built on both spending efficiencies in terms of reforming subsidies and additional tax reforms of the GST, excise taxes, and income taxes. We foresee that the government could consolidate by 4% of GDP between today and our medium term, which is 2027-28,” Choueiri added
08:28 (IST) 26 Dec 2022 Stocks to watch today
–Alkem Labs: Sells 8 percent post-money stake in unit Enzene for Rs 161 crore-Coal India: Appoints Mukesh Choudary as Director-marketing for 5 years-HDFC: Gets $400 mn IFC loan to boost affordable green housing-Karnataka Bank: Receives RBI approval for Shekhar Rao as ED-NDTV: Appoints two Adani-linked executives as board directors-Quess Corp: Board approves amalgamation with Allsec Technologies; appoints Kamal Pal Hoda as group CFO-SJVN: Wins 100 MW wind power project for Rs 700 crore at Rs 2.90/unit in e-reverse auction-Siemens: Wins as lowest bidder for the 9000 HP electric locomotives project in Dahod, Gujarat of Indian railways for manufacturing and maintenance, over a period of 11 years.
08:26 (IST) 26 Dec 2022 Nifty to fall below 17800 or bulls to stage a comeback?
“This week will mark the end of the calendar year and participants will be eyeing core sector data and current account deficit on 30 December. Before that, the scheduled derivatives expiry of December month contracts would keep the participants busy. Besides, the performance of the global indices amid the rising fear of COVID cases will further add to the volatility. All sectors, barring healthcare, look vulnerable to further slide but the major challenge would be to handle the pressure in the broader markets. Participants should align positions accordingly while keeping a check on leveraged positions,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
10 things to know before share market opens
08:18 (IST) 26 Dec 2022 Stocks under NSE F&O ban
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of only one stock/security on Monday, December 26, 2022. Indiabulls Housing Finance is the only stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday.
Read full story
08:12 (IST) 26 Dec 2022 India VIX
Volatility in Indian share market has increased sharply in past few days, making the bears more comfortable and giving discomfort to bulls. India VIX, the volatility gauge or fear index surged by 41 percent from 11.43 level seen on 13 December, to 16.16 level on 23 December, while during the passing week, it jumped nearly 15%. Hence, further northward journey in VIX could put more pressure on the market, experts said. “Volatility across the globe rose sharply as a new strain of the Covid variant is spreading. India VIX also moved towards 16 percent, which is likely to keep traders on their toes coupled with rollover activity due to December settlement,” ICICI Direct said.
08:04 (IST) 26 Dec 2022 Asian markets muted
Muted trading seen in the Asian Markets. Japan’s Nikkei was up 0.4%, South Korea’s Kospi and Mainland China’s Shanghai Composite index traded flat, and Hong Kong’s Hang Seng index was down 0.44%.
08:00 (IST) 26 Dec 2022 Wall Street indices end in green
Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas holiday long weekend, capping a week fraught with worries over the Fed’s restrictive monetary policy and related recession fears. The Dow Jones Industrial Average rose 176.44 points, or 0.53 percent, to 33,203.93 the S&P 500 gained 22.43 points, or 0.59 percent, to 3,844.82 and the Nasdaq Composite added 21.74 points, or 0.21 percent, to 10,497.86.
07:59 (IST) 26 Dec 2022 Nifty, Sensex likely to open in green
SGX Nifty hinted at a flat to positive start for Indian benchmark indices. Nifty futures were trading marginally higher at 17886 on the Singapore Exchange