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Wednesday, September 22, 2021

Market Highlights: Sensex and Nifty end flat amid F&O expiry

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 55,949.10, up 4.89 points (0.01 per cent), while the Nifty 50 settled at 16,636.90, up 2.25 points (0.01 per cent).

By: Express Web Desk | New Delhi |
Updated: August 26, 2021 3:58:56 pm
BSE in Mumbai. (Express photo by Ganesh Shirsekar)

Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended flat for the second consecutive day on Thursday amid the expiry of August-series futures and options contracts.

The S&P BSE Sensex ended at 55,949.10, up 4.89 points (0.01 per cent), while the Nifty 50 settled at 16,636.90, up 2.25 points (0.01 per cent). Both the benchmark indices had kicked off on a negative note but recovered from their lows and traded in a positive range for bulk of the session.

Gains on the Sensex on Thursday were led by Reliance Industries (RIL), Mahindra & Mahindra (M&M), HCL Technologies, ICICI Bank and Axis Bank. On the other hand, Bharti Airtel, Maruti Suzuki India,Power Grid Corporation, State Bank of India (SBI), Tata Steel and NTPC were the top laggards.

Among the sectoral indices on NSE, the Nifty Metal index slipped 1.27 per cent weighed by NMDC and National Aluminium Company. On the other hand, the Nifty FMCG index rose 0.58 per cent led by Procter & Gamble Hygiene and Health Care and Britannia Industries. The key Bank Nifty ended 0.09 per cent higher led by Axis Bank and ICICI Bank.

In the broader market, the S&P BSE MidCap ended at 23,015.30, up 67.74 points (0.30 per cent) while the S&P BSE SmallCap settled at 26,042.54, 81.04 points (0.31 per cent).

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

15:56 (IST)26 Aug 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Wednesday's market performance

"Amid weak global cues, the domestic market traded cautiously with a positive bias. Renewed tension between China and US along with the fear of rise in the Delta variant capped the gains in the Asian market. Investors globally are awaiting the Fed Reserve’s Jackson Hole Economic Symposium on Friday to gain insights on asset tapering plans and economic outlook"

15:54 (IST)26 Aug 2021
Rupee at close

Rupee inches 2 paise higher to close at 74.22 (provisional) against US dollar.


15:36 (IST)26 Aug 2021
Equity markets at close

The S&P BSE Sensex ended at 55,949.10, up 4.89 points or 0.01 per cent, while the Nifty 50 settled at 16,636.90, up 2.25 points or 0.01 per cent.

15:28 (IST)26 Aug 2021
Crude oil futures dip on weak spot demand

Crude oil prices on Thursday fell by Rs 36 to Rs 5,021 per barrel after participants cut their positions.

On the Multi Commodity Exchange, crude oil for the September delivery dropped by Rs 36, or 0.71 per cent, to Rs 5,021 per barrel with a business volume of 5,111 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid a weak spot demand.


15:27 (IST)26 Aug 2021
Gold futures fall on low demand

Gold prices fell Rs 80 to Rs 47,099 per 10 gram in the futures trade on Thursday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for the October delivery traded lower by Rs 80, or 0.17 per cent, to Rs 47,099 per 10 gram in a business turnover of 11,650 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, gold traded 0.31 per cent lower to USD 1,785.50 an ounce in New York.


15:26 (IST)26 Aug 2021
Copper futures fall on weak demand

Copper futures on Thursday slipped 0.22 per cent to Rs 715 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 1.55, or 0.22 per cent, to Rs 715 per kg in a business turnover of 4,404 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.


14:35 (IST)26 Aug 2021
Soybean futures slip on muted demand

Soybean prices on Thursday fell by Rs 311 to Rs 7,880 per quintal in futures market as participants cut down their positions on weak spot demand. 

On the National Commodity and Derivatives Exchange, soybean contracts for September delivery fell Rs 311, or 3.8 per cent, to Rs 7,880 per quintal with an open interest of 20,845 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.


14:33 (IST)26 Aug 2021
Gold falls as dollar inches higher, caution ahead of Jackson Hole

Gold prices fell on Thursday, as the dollar ticked higher ahead of US Federal Reserve Chair Jerome Powell's speech this week, with investors awaiting cues on tapering of economic stimulus.

Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while US gold futures fell 0.3% to $1,785.00.


14:32 (IST)26 Aug 2021
Oil rally ends amid COVID-19 concerns, returning supply

Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.

Brent crude was down 29 cents, or 0.4%, at $71.96 a barrel by 0649 GMT, having risen 1.7% on Wednesday. US oil was down 44 cents, or 0.6%, at $67.92 a barrel, after gaining 1.2% in the previous session.


13:52 (IST)26 Aug 2021
Vijaya Diagnostic IPO to open on September 1; price band set at Rs 522-531/share

Healthcare chain Vijaya Diagnostic Centre on Thursday said it has fixed a price band of Rs 522-531 a share for its Rs 1,895-crore initial share-sale.

The three-day initial public offer (IPO) will open for subscription on September 1 and conclude on September 3, the company announced in a virtual press conference. Click here to read the complete report

13:16 (IST)26 Aug 2021
Barclays to invest more than $400 million to expand India operations

Barclays Plc will invest more than 30 billion rupees ($403.99 million) in its India unit to expand operations, the British lender said on Thursday.

With the investment, Barclays Bank PLC India’s total invested capital in Asia’s third-largest economy will increase to more than 83 billion rupees. Click here to read the complete report

12:04 (IST)26 Aug 2021
Market check at noon

Here's how the key indices on the BSE were performing at noon.

Source: BSE
11:54 (IST)26 Aug 2021
Petrol and diesel prices unchanged

Petrol and diesel prices remained steady across the country for the second consecutive day on Thursday, August 26, 2021. On August 24, petrol and diesel prices were cut by 15 paise per litre each in the national capital.

The price of petrol in Delhi stands at Rs 101.49 per litre while that of diesel is at Rs 88.92. In Mumbai, petrol currently costs Rs 107.52, while diesel is retailing at Rs 96.48, data available on Indian Oil Corporation’s website showed. Click here to read the complete report

City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 101.49 88.92
Mumbai 107.52 96.48
Kolkata 101.82 91.98
Chennai 99.20 93.52
Bengaluru 104.98 94.34
Hyderabad 105.54 96.99
Patna 103.99 94.75
Bhopal 109.91 97.72
Jaipur 108.42 98.06
Lucknow 98.56 89.29
Thiruvananthapuram 103.69 95.68
Source: Indian Oil Corporation 
11:05 (IST)26 Aug 2021
Rupee surges 13 paise to 74.11 against US dollar in early trade

The Indian rupee appreciated 13 paise to 74.11 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 74.22 against the dollar, then surged higher to 74.11, up 13 paise over its previous close.


10:58 (IST)26 Aug 2021
Motilal Oswal Institutional Equities on Bajaj Finance

-Bajaj Finserv has got an in-principle approval from SEBI for sponsoring a Mutual Fund. It has inherent advantages in its business model, given its presence in the Retail Finance, Life Insurance, General Insurance, and Securities businesses.

-Strong brand presence and wide distribution reach are key pillars for garnering AUM, where BAGIC, BALIC, and BAF have proved their expertise. Cross-sell to the existing customers of these businesses is a huge opportunity.

-This should aid the fee and commission (particularly distribution) income of BAF, which was already exhibiting high growth until Mar’20 when COVID-19 struck.

-Given the strong recovery post relaxation of the lockdowns and the healthy progress made in its digital transformation program, we reiterate our Buy rating, with a TP of INR7,700 per share (8x 1HFY24E BV).

09:56 (IST)26 Aug 2021
NSE sectoral indices in early trade

Among the sectoral indices on the National Stock Exchange (NSE), the Nifty IT index was trading over 0.5 per cent higher, while the Nifty FMCG was up around 0.5 per cent.

Source: NSE
09:53 (IST)26 Aug 2021
BSE Sensex: Gainers and losers in early trade

On the 30-share BSE benchmark, gains were being led by Reliance Industries (RIL), HCL Technologies, Hindustan Unilever, Bajaj Auto, Tata Consultancy Services and Infosys.

Source: BSE
09:38 (IST)26 Aug 2021
Equity markets at open

Sensex drops 77.85 pts to 55,866.36 in opening session; Nifty slips 19.20 pts to 16,615.45.


The benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended flat on Wednesday after hitting fresh all-time highs earlier in the day.

The S&P BSE Sensex had ended at 55,944.21, down 14.77 points (0.03 per cent), while the Nifty 50 had settled at 16,634.65, up 10.05 points (0.06 per cent).

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