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Tuesday, December 07, 2021

Market Highlights: Sensex slips 81 points, Nifty ends above 18,000-mark; banks, metals dip

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,352.82, down 80.63 points (0.13 per cent), while the Nifty 50 settled at 18,017.20, down 27.05 points (0.15 per cent).

By: Express Web Desk | New Delhi |
Updated: November 10, 2021 7:28:31 pm
bse, bombay stock exchangeBombay Stock Exchange (BSE) in Dalal Street (Express photo by Nirmal Harindran)

Share/Stock Highlights: The benchmark indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Wednesday amid weakness in the global markets.

The S&P BSE Sensex ended 80.63 points (0.13 per cent) lower at 60,352.82, while the Nifty 50 fell 27.05 points (0.15 per cent) to settle at 18,017.20. Both the indices had opened with a gap down and traded mostly in the red throughout the day before trimming down losses towards the end of trade.

On the Sensex, IndusInd Bank was the top loser of the day followed by Tata Steel, Hindustan Unilever (HUL), Asian Paints, Power Grid Corporation of India and Titan Company. On the other hand, Bharti Airtel, Mahindra & Mahindra (M&M), Reliance Industries (RIL), Sun Pharmaceutical Industries and ITC were among the top gainers.

Among sectors, the Nifty Metal index fell 1.76 per cent on Wednesday weighed by Steel Authority of India, Jindal Steel & Power and Hindalco Industries. Apart from this the Nifty PSU Bank index declined 2.35 per cent dragged by Bank of Baroda and Union Bank of India. The key Bank Nifty slipped 0.88 per cent due to a fall in IndusInd Bank and AU Small Finance Bank.

Among individual stocks, shares of FSN E-Commerce Ventures, which operates the online beauty e-commerce platform Nykaa, got listed at a premium of over 79 per cent from issue price.

(with inputs from agencies)

Live Blog

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

17:26 (IST)10 Nov 2021
Paytm IPO update: End of Day 3 - Final day

Paytm IPO: At the end of Day 3, the India's largest IPO by One97 Communications - the parent entity of digital payments firm Paytm, got subscribed 1.89 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 2.79 times

Non Institutional Investors subscribed 0.24 times

Retail Individual Investors (RIIs) subscribed 1.66 times

Total subscribed 1.89 times

Source: BSE

16:51 (IST)10 Nov 2021
Maruti Suzuki launches all-new Celerio in India; Price starts at Rs 4.99 lakh

Automobile giant Maruti Suzuki India (MSI) on Wednesday launched the latest version of its compact hatchback Celerio starting at a price of Rs 4.99 lakh.

MSI said that the all-new Celerio is India’s most fuel-efficient petrol car as it comes with a mileage of 26.68 km per litre.

The all-new Celerio is powered by the next-generation K-series dual jet, dual VVT engine with idle start-stop technology. Click here to read

16:48 (IST)10 Nov 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Wednesday's market performance

"Broadly, domestic market continued to trade negative after a disappointing opening as inflation worries affected the global markets. However, the market trend was mixed on stock to stock basis. China’s CPI rose 1.5% YoY, while the producer price index rose by 13.5% YoY owing to imported inflation and domestic supply shortages. Globally investors are awaiting the release of the US inflation data due later today, which is expected to continue at peak levels."

16:06 (IST)10 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 60,352.82, down 80.63 points or 0.13 per cent, while the Nifty 50 settled at 18,017.20, down 27.05 points or 0.15 per cent.

14:25 (IST)10 Nov 2021
Paytm IPO subscribed 56% with hours left on biggest share sale in India

Paytm’s $2.5 billion initial public offering received bids for about half the shares with less than a day to go on India’s biggest sale, as analysts raised concerns about the digital payments provider’s profitability.

About 56% of the issue was bought through 12 p.m. in Mumbai Wednesday, according to data on the stock exchange’s website. While the portion set aside for retail investors was fully subscribed, those for institutional buyers and non-institutional investors such as wealthy individuals were only partly sold. Click here to read

12:39 (IST)10 Nov 2021
Nykaa founder Falguni Nayar’s wealth tops $6.5 billion post listing of IPO

Falguni Nayar’s beauty startup has jolted her to the ranks of the world’s richest.

Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index. Click here to read

12:15 (IST)10 Nov 2021
Petrol and diesel price unchanged

Prices of petrol and diesel were kept unchanged for the sixth consecutive day on Wednesday, November 10, 2021. The fuel prices were last revised on Thursday (November 4) after the central government had cut the excise duty on the two key fuels to bring down their retail rates from record highs.

The price of petrol in Delhi stands at Rs 103.97 per litre while that of diesel is at Rs 86.67. In Mumbai, petrol currently costs Rs 109.98, while diesel is retailing at Rs 94.14, data available on Indian Oil Corporation’s website showed. Click here to read

10:52 (IST)10 Nov 2021
Rupee slips 11 paise to 74.16 against US dollar in early trade

The Indian rupee depreciated by 11 paise to 74.16 against the US dollar in opening trade on Wednesday, tracking a lacklustre trend in the domestic equity market and firm American dollar.

At the interbank foreign exchange, the rupee opened on a weak note at 74.11, then fell further to 74.16, registering a decline of 11 paise from the last close. On Tuesday, the rupee had closed at 74.05 against the US dollar.

(PTI)

10:03 (IST)10 Nov 2021
Nykaa makes a strong debut, lists at over 79% premium above issue price

Shares of FSN E-Commerce Ventures, which operates the online beauty e-commerce platform Nykaa, made a strong debut and got listed at a premium of over 79 per cent above their issue price in the stock exchanges today.

The scrip got listed at Rs 2018 apiece on the National Stock Exchange (NSE), thereby registering a gain of 79.38 per cent from its offer price of Rs 1,125, while on the BSE, it opened at Rs 2001, up 77.87 per cent from the issue price. Click here to read

09:40 (IST)10 Nov 2021
Global market update

Asian stock markets were becalmed on Wednesday as surges in oil and Chinese factory prices added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift interest rates.

MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei each dropped 0.2% in and Overnight on Wall Street a long rally paused, with the Nasdaq logging its first fall in a dozen sessions.

S&P 500 futures fell 0.2% in morning trade.

(Reuters)

09:37 (IST)10 Nov 2021
Equity market at open

Sensex tumbles 417.45 pts to 60,016 in opening session; Nifty declines 122.10 pts to 17,922.15.

(PTI)

On Tuesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower weighed by HDFC twins – comprising of HDFC Bank and Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank and Bajaj Finance.

The S&P BSE Sensex slipped 112.16 points (0.19 per cent) to end at 60,433.45 while the Nifty 50 fell 24.30 points (0.13 per cent) to settle at 18,044.25.

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