Sensex Today: Live Stock Market Updates: Sensex, Nifty Borders Higher Amid RIL Gains, Banks; Textiles stocks advance as reports show GST hike postponed
The benchmarks were trading on a firm note in the last session of 2021 amid gains from heavyweights RIL and stocks from private banks. Sector-wise, metals, real estate and financials led the way. India VIX was largely unchanged, suggesting low volatility ahead. CMS Info Systems lists flat.
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EaseMyTrip looking for new acquisitions next year
ESB-listed Easy Trip Planners, known as EaseMyTrip, will be looking at more acquisitions next year, in addition to growing organically, said co-founder Prashant Pitti. EaseMyTrip has announced plans to acquire brands such as Spree Hospitality and YoloBus this year and wants to expand its non-airline business, Pitti said.
Tech Mahindra acquires 100% of the capital of Allyis India, Green Investments
Price as of December 31, 2021 13:43Click on the names of the companies for their live prices.
Bitcoin faces uncertain 2022 after record year
The price of bitcoin hit record highs in 2021 thanks to support from mainstream finance, but cryptocurrency scholars are struggling to predict next year’s results for the volatile sector. Having more than tripled in value to $ 60,000 between December 2020 and April, bitcoin has lost its luster to trade below $ 50,000 as the new year approaches.
The markets may be more demanding in 2022 and therefore sticking to high quality companies and maintaining your forecasted asset allocation remains the key to a better result from 2022.
– Dhiraj Relli, Managing Director and CEO, HDFC Securities
Textile GST hike postponed, sources say
Price as of December 31, 2021 13:09Click on the names of the companies for their live prices.
Top 10 winners on NSE
Price as of December 31, 2021 13:01Click on the names of the companies for their live prices.
Top Sensex contributors
New Year’s Party on D-Street; Sensex jumps 575 points
The BSE SMALLCAP index increases by more than 1%; they are the best winners and losers of the pack
A clever fair value set at 20,000: ICICIDirect
Mid and small caps provided exceptional returns during CY21. This is expected to continue through CY22E due to the inherent trading gaps as the earnings CAGR for mid caps and small caps in FY 21-23E is expected to reach around 39%, 28%, respectively. Going forward, innovative themes present in the mid and small cap space (such as specialty chemicals in steel, home textiles, CRAMS, etc.), higher earning potential and reasonable valuations ( trading at
Weak IT sector in today’s commerce
Price as of December 31, 2021 11:26Click on the names of the companies for their live prices.
The government approves the 19th tranche of electoral obligations; the sale opens on January 1st
Ahead of parliamentary elections in five states, the government on Thursday approved the issuance of the 19th tranche of Election Bonds, which will be open for sale Jan.1-10. Election bonds have been touted as an alternative to cash donations to political parties as part of efforts to ensure transparency in political funding. However, opposition parties have raised concerns about the alleged opacity of funding through these bonds.
Reliance buys UK battery company for Â£ 100million
Price as of December 31, 2021 10:46 amClick on the names of the companies for their live prices.
Rupee gains 12 paise to 74.30 against US dollar at start of trade
The rupee appreciated 12 paise to 74.30 against the US dollar when trade opened on Friday, following gains in domestic stock markets. In the interbank forex market, the rupee opened strongly at 74.35 against the US dollar, then edged up to 74.30, registering a 12 paise rise since the last close.
Top 10 Losers In Today’s Morning Trading
Price as of December 31, 2021 10:39 a.m.Click on the names of the companies for their live prices.
PB Fintech jumps 5% as a company to invest up to Rs 1,000 cr in two subsidiaries
PB Fintech shares climbed 5% in Friday’s trading session as the insurance company approved up to Rs 700 crore in one or more tranches in the Policybazaar Insurance Brokers Private Limited subsidiary in 22 fiscal years and 23, and up to 299.99 crore rupees in the Paisabazaar branch. Marketing and Consulting Private Limited.
MOSL initiates hedging on Indigo, with target price of Rs 2,270
Price as of December 31, 2021 10:09 amClick on the names of the companies for their live prices.
ITC will launch a host of plant-based meat products, in anticipation of the growing demand for meat substitutes and vegan meals in India.
Price as of December 31, 2021 09:53Click on the names of the companies for their live prices.
2022 should see a better performance of finance. Higher GDP growth, improved capital spending, rising demand for credit, falling NPAs and rising profitability bode well for the banking segment. However, an important factor would be the activity of the FII. If the IFIs continue to push sales into early 2022 as well, bank stocks will remain subdued. But, with India’s GDP expected to grow at 8% in FY 23, the IFIs are expected to make a comeback. As exports perform well, segments like Pharmaceuticals, Specialty Chemicals and Textiles may outperform in 2022. In IT, large caps are safer than highly valued mid caps.
– Dr. VK Vijayakumar, Chief Investment Strategist at geojit Financial Services
NEW LIST: CMS information systems set up for a flat start
Gold is rising but promises to be the worst show in 6 years
Gold prices traded higher in the last session of 2021, but are expected to post the worst performance in six years. MCX gold futures gained 0.11% or Rs 55 to Rs 47,940 per 10 grams. Silver futures rose 0.15% or Rs 96 to Rs 62,256 per kg. The yellow metal has regained its momentum thanks to weak data on jobless claims and mixed global indices. Yields on the US Treasury fell, increasing the attractiveness of bullion by lowering its opportunity cost.
Most active actions on NSE
Price as of December 31, 2021 09:24Click on the names of the companies for their live prices.
Nifty reaches level 17,300
All sectors trade in the green
OPENING BELL: Sensex gains 230 points, Nifty50 approaches 17,300; IDFC increases by 10%, Suzlon by 5%
Pre-open session: Sensex wins 10 points, Nifty50 to 17,220
Oil heading for biggest annual gains since 2009
Oil prices fell 1% on Friday, but were expected to post their biggest annual gains in 12 years, boosted by the global economic recovery from the COVID-19 crisis and the restriction of producers. Brent crude futures were close to ending the year up 53%, while US crude futures were heading for a gain of 57%, the best performance for the two benchmark contracts since 2009, when prices have climbed more than 70%.
SGX Nifty announces a flat start
Shrewd futures on the Singapore Stock Exchange traded 1.5 points, or 0.01%, up to 17,296.50, signaling that Dalal Street was heading for a flat start on Friday.
Tech View: Nifty50 gears up for decisive move
Nifty50 settled December futures and option series above the 17,200 level on Thursday. The index formed an indecisive Doji candle on the daily chart for the second session in a row as traders were out. not sure where the market is heading before the new year. Indecisive formations at the upper limit of a sloping channel are an indication that Nifty50 is preparing for decisive movement in either direction.
Hong Kong gets its supplies when it opens
Hong Kong stocks opened with gains on Friday, brushing off a weak lead from Wall Street on the last trading day of the year. The Hang Seng index jumped 405.42 points, or 1.75%, to 23,517.43. The Shanghai Composite Index rose 6.16 points, or 0.17%, to 3,625.35, while the Shenzhen Composite Index on China’s Second Stock Exchange rose 3.62 points, or 0 , 14%, at 2,520.78.
Markets in Japan and Korea closed for the holidays
Financial markets in Indonesia, Japan, South Korea, Taiwan and Thailand are closed on Fridays for public holidays.
US stocks retreat
The S&P 500 and Dow Jones Industrial Average closed slightly below their all-time highs on Thursday as stocks gave up an early gain and fell in the closing minutes of trading on Wall Street. The S&P 500 Index slipped 0.3% per day after hitting a record high. The Dow Jones, which also set a new high on Wednesday, fell 0.2%. The Nasdaq also slipped 0.2%.
The rupee goes up from 29 paise to more than a month
The rupee jumped 29 paise to close more than a month high of 74.42 against the US dollar on Thursday after banks and exporters sold the dollar late in the year amid domestic actions in mute. Falling commodity prices and gains by Asian peers also supported sentiment. In the interbank forex market, the local unit opened strongly at 74.56 against the greenback and saw an intraday high of 74.38 and a low of 74.65.
Sensex and Nifty drop amid F&O expiration
The benchmark Sensex and Nifty indexes ended slightly lower on Thursday amid losses in oil and gas, metals and autos stocks as investors remained cautious of soaring Omicron cases. The 30-stock BSE Sensex closed 12.17 points or 0.02% lower at 57,794.32 amid the monthly expiration of derivative contracts. Nifty fell slightly 9.65 points or 0.06 percent to 17,203.95 with 27 of its components closing in the red.