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Thursday, December 02, 2021

Market Highlights: Sensex slips 109 points, Nifty ends below 17,900-mark; RIL, metals, IT drag

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,029.06, down 109.40 points (0.18 per cent), while the Nifty 50 settled at 17,888.95, down 40.70 points (0.23 per cent).

By: Express Web Desk | New Delhi |
Updated: November 2, 2021 5:50:37 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The topline indices on the BSE and National Stock Exchange (NSE) erased their day’s gains and ended marginally lower Tuesday weighed by market heavyweight Reliance Industries (RIL), Tata Steel and information technology (IT) companies Tech Mahindra and HCL Technologies.

The S&P BSE Sensex fell 109.40 points (0.18 per cent) to end at 60,029.06 while the Nifty 50 slipped 40.70 points (0.23 per cent) to settle below 17,900 level mark at 17,888.95. Both the indices had opened on a positive note earlier in the day but gave but their gains and dipped in the red as the trade progressed.

Tata Steel was the biggest laggard of the day slipping over 3.5 per cent. It was followed by Tech Mahindra, HCL Technologies, RIL, IndusInd Bank and Dr. Reddy’s Laboratories. On the other hand, Maruti Suzuki India, Titan Company, NTPC, State Bank of India (SBI), Larsen & Toubro (L&T) and Bajaj Finance were the top gainers.

Among sectoral indices on NSE, the Nifty Metal index fell 1.58 per cent dragged by Tata Steel, Jindal Steel & Power and NMDC. On the other hand, the Nifty Realty rose 3.38 per cent led by Indiabulls Real Estate and Prestige Estates Projects.

(with inputs from agencies)

Live Blog

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

17:50 (IST)02 Nov 2021
KFC and Pizza Hut operator Sapphire Foods sets IPO price band of Rs 1,120-1,180/share

Sapphire Foods India, which operates KFC and Pizza Hut outlets, on Tuesday said it has fixed a price band of Rs 1,120-1,180 a share for its Rs 2,073-crore initial public offering (IPO).

The initial share-sale will open on November 9 and conclude on November 11. The bidding for anchor investors will open on November 8, the company announced. Click here to read

17:40 (IST)02 Nov 2021
Sigachi Industries IPO update: End of Day 2

Sigachi Industries IPO: At the end of Day 2, the IPO of Sigachi Industries has been subscribed 23.12 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.82 times

Non Institutional Investors subscribed 16.99 times

Retail Individual Investors (RIIs) subscribed 38.49 times

Total subscribed 23.12 times

Source: BSE

17:37 (IST)02 Nov 2021
SJS Enterprises IPO update: End of Day 2

SJS Enterprises IPO: At the end of Day 2, the IPO of SJS Enterprises has been subscribed 0.51 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.06 times

Retail Individual Investors (RIIs) subscribed 1.00 times

Total subscribed 0.51 times

Source: BSE

17:34 (IST)02 Nov 2021
Policybazaar IPO update: End of Day 2

Policybazaar IPO: At the end of Day 2, the IPO of PB Fintech, the operator of online insurance aggregator Policybazaar and credit comparison portal Paisabazaar, has been subscribed 1.59 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 2.08 times

Non Institutional Investors subscribed 0.23 times

Retail Individual Investors (RIIs) subscribed 2.04 times

Total subscribed 1.59 times

Source: BSE

17:31 (IST)02 Nov 2021
Fino Payments Bank IPO update: End of Day 3 - Final day

Fino Payments Bank IPO: At the end of Day 3, the IPO of Fino Payments Bank has been subscribed 2.03 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 1.65 times

Non Institutional Investors subscribed 0.21 times

Retail Individual Investors (RIIs) subscribed 5.92 times

Employee reserved subscribed 0.93 times

Total subscribed 2.03 times

Source: BSE

16:05 (IST)02 Nov 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Tuesday's market performance

"Succumbing to lacklustre global sentiments, domestic indices failed to gain ground oscillating between gains and losses in today’s rough session. Global markets remain jittery ahead of the upcoming Bank of England and Fed meetings where the central banks could cease the pandemic-era stimulus. Metal, oil and commodity stocks dragged, fuelled by profit booking while realty, PSU bank and consumer durables made frail attempts at lifting the indices. Auto sector managed to remain buoyant despite weak auto sales numbers reported by sectoral majors due to supply chain disruptions, fuel price hikes and rise in input costs."

15:35 (IST)02 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 60,029.06, down 109.40 points or 0.18 per cent, while the Nifty 50 settled at 17,888.95, down 40.70 points or 0.23 per cent.

14:44 (IST)02 Nov 2021
MARKET QUOTE | Nish Bhatt, Founder & CEO at Millwood Kane International on gold buying during Dhanteras

"Indians' love for gold knows no bounds, it is the second-largest consumer of gold. In the run-up to the festive and marriage season coupled with unlocking across India, the demand for gold is likely to pick up, helping the price. Gold is seen as a serious investment and asset class by Indian households.

After posting stellar gains for the past few years, the yellow metal has been trading range-bound in the past 12 months. Gold outperformed as an asset class in 2020 but lost its sheen as economies across the globe emerged out of the shadows of COVID19. Gold prices are still far away from their all-time high witnessed in August 2020.

Concerns of tapering, strengthening US Dollar, and high rate of vaccination have dampened prospects for gold. Going forward, the actions by the global central banks mainly the US Fed on the liquidity tightening will guide gold prices."

14:19 (IST)02 Nov 2021
Gold price today: Spot price inches up near Rs 48,000/10 gm on Dhanteras demand

Gold prices across India’s key spot markets opened higher today amid the local demand on the occasion of Dhanteras, analysts said.

The opening price for 999 purity gold was at Rs 47,904 per 10 grams, up Rs 150 from Monday’s closing price of Rs 47,754, while that of 995 purity gold was Rs 47,712, up Rs 149 from Rs 47,563 on Monday, the data available on India Bullion and Jewellers Association’s (IBJA) website showed. Click here to read

10:53 (IST)02 Nov 2021
Rupee inches higher by 8 paise to 74.79 against US dollar in early trade

The rupee inched higher by 8 paise to 74.79 against the US dollar in opening trade on Tuesday ahead of the US Fed and other central bank meeting this week.

At the interbank foreign exchange, the rupee opened strong at 74.83 against the dollar and inched further to 74.79 in early deals, a rise of 8 paise over its previous close. On Monday, the rupee had settled at 74.87 against the US dollar.

(PTI)

10:52 (IST)02 Nov 2021
Nykaa IPO subscribed 81.78 times on final day

The initial share-sale of FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products Nykaa, was subscribed 81.78 times on the last day of subscription on Monday, mainly helped by huge interest from institutional investors.

The Rs 5,352 crore IPO received bids for 2,16,59,47,080 shares against 2,64,85,479 shares on offer, according to data available with the NSE. Click here to read

10:33 (IST)02 Nov 2021
Petrol price hiked, diesel unchanged

Petrol prices touched fresh record highs after it was hiked for the seventh consecutive day across the country on Tuesday, November 2, 2021. However, diesel prices remained unchanged. In the national capital, petrol was risen by 35 paise a litre.

Following the latest price revision, petrol in Delhi is now retailing at Rs 110.04 a litre while diesel is selling at Rs 98.42. In the financial capital Mumbai, petrol price now stands at Rs 115.85 while diesel costs Rs 106.62, data available on Indian Oil Corporation’s website showed. Click here to find out fuel prices in your city

09:50 (IST)02 Nov 2021
Sigachi Industries IPO subscribed 9.52 times on the first day: Everything you need to know

The initial public offering (IPO) of Sigachi Industries, manufacturer of cellulose-based excipient, opened for subscription earlier today. So far, the issue was subscribed 9.52 times by the end of the first day of bidding on Monday.

It received total bids for 5,12,75,610 shares across both the stock exchanges against 53,86,500 shares on offer, data from National Stock Exchange (NSE) showed. Click here to read

09:49 (IST)02 Nov 2021
Global market update

Asian shares were mixed on Tuesday and currencies held tight ranges as nervous investors awaited several key central bank meetings that could set the tone for risk appetite heading into next year.

MSCI's gauge of Asia-Pacific shares outside Japan recovered early losses to be 0.8% higher at 0128 GMT, with Japan's Nikkei edging 0.2% lower and Australia's S&P/ASX 200 down 0.6%.

(Reuters)

09:43 (IST)02 Nov 2021
Equity market at open

Sensex rises 228.13 pts to 60,366.59 in opening session; Nifty advances 73.50 pts to 18,003.15.

(PTI)

On Monday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) snapped out of their three-day losing streak and ended nearly 1.5 per cent higher aided by gains in heavyweights Infosys, HDFC twins and Tata Consultancy Services (TCS) amid a largely positive trend in global markets.

The S&P BSE Sensex rallied 831.53 points (1.40 per cent) to settle above the 60,000 level mark at 60,138.46 while the Nifty 50 surged 258.00 points (1.46 per cent) to end at 17,929.65.

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