Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Wednesday weighed by private banks and NBFC stocks.
Read More
The S&P BSE Sensex slipped 77.94 points (0.13 per cent) to end below the 59,000 level-mark at 58,927.33 while the Nifty 50 settled at 17,546.65, down 15.35 points (0.09 per cent). Both the indices had opened marginally higher and traded in a range throughout the day.
On the Sensex pack, Housing Development Finance Corporation (HDFC), Nestle India, ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Hindustan Unilever (HUL) were the top laggards of the day while Tech Mahindra, Mahindra & Mahindra (M&M), HCL Technologies, Bajaj Auto, Reliance Industries (RIL) and Tata Steel were the top gainers.
Among the sectoral indices on NSE, the Nifty Media was the top performer of the day surging 13.57 per cent led by a 30.50 per cent rally in the shares of Zee Entertainment (ZEEL). Apart from media, the Nifty Realty too climbed 8.45 per cent aided by Godrej Properties and DLF. The Nifty Metal index too rose 1.47 per cent led by NMDC and Coal India.
In the broader market, the S&P BSE MidCap index climbed 374.42 points (1.51 per cent) to end at 25,166.54 led by Godrej Properties and Balkrishna Industries. The S&P BSE SmallCap index settled at 27,856.10, up 326.98 points (1.19 per cent) aided by VRL Logistics and Zee Learn.
(with inputs from agencies) Read less
On Tuesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended nearly 1 per cent higher after trading on a volatile note for the most part of the session amid gains in realty, metals and information technology (IT) stocks.
The S&P BSE Sensex surged 514.34 points (0.88 per cent) to reclaim the 59,000-level mark and settle at 59,005.27, while the Nifty 50 ended at 17,562.00, up 165.10 points (0.95 per cent).
Paras Defence IPO: At the end of Day 2, the Paras Defence IPO has been subscribed 40.57 times.
Details:
monthly limit of free stories.
with an Express account.
Qualified Institutional Buyers (QIBs) subscribed 1.67 times
Non Institutional Investors subscribed 26.32 times
Retail Individual Investors (RIIs) subscribed 68.57 times
Total subscribed 40.57 times
Source: BSE
"Despite hopeful signs in the global markets, domestic main indices traded in a narrow range to give away its early gains in today’s volatile session. However, the broad market was robust barring banks, all major sectors were in demand and media, metals and realty outperformed. Realty stocks were in focus owing to an increase in property registrations in September while easing jitters over the Chinese economy bolstered metal stocks. Investors traded cautiously awaiting the outcome of the FOMC meeting that will clear the air regarding Fed’s tapering plans."
The rupee fell by 26 paise to close at 73.87 (provisional) against the US currency on Wednesday, tracking a strong American currency in the overseas markets ahead of the outcome of the US Fed meeting.
At the interbank foreign exchange market, the local currency opened at 73.70 and witnessed an intra-day high of 73.66 and a low of 73.93 against the US dollar in day trade.
The local unit finally settled at 73.87 a dollar, down 26 paise over its previous close. On Tuesday, the rupee had settled at 73.61 against the US dollar.
(PTI)
The S&P BSE Sensex ended at 58,927.33, down 77.94 points or 0.13 per cent, while the Nifty 50 settled at 17,546.65, down 15.35 points or 0.09 per cent.
Silver prices rose by Rs 426 to Rs 60,865 per kg in the futures trade on Wednesday as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for the December delivery gained Rs 426, or 0.7 per cent, to Rs 60,865 per kg in 12,502 lots.
Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.
Globally, silver was trading 0.35 per cent higher at USD 22.69 per ounce in New York.
(PTI)
Crude oil prices increased by Rs 103 to Rs 5,311 per barrel on Wednesday as participants widened their positions on a firm spot demand.
On the Multi Commodity Exchange, crude oil for the October delivery traded higher by Rs 103, or 1.98 per cent, at Rs 5,311 per barrel in 4,636 lots.
Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.
Globally, West Texas Intermediate crude oil was up 1.73 per cent to USD 71.71 per barrel, while Brent crude oil traded 1.53 per cent higher at USD 75.50 per barrel in New York.
(PTI)
Gold prices on Wednesday gained Rs 36 to Rs 46,674 per 10 gram in the futures trade, as speculators created fresh positions amid firming spot demand.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 36, or 0.08 per cent, to Rs 46,674 per 10 gram in a business turnover of 6,988 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
However, gold prices traded 0.16 per cent lower at USD 1,775.40 per ounce in New York.
(PTI)
Prices of petrol and diesel continued to remain unchanged across the country for the 17th successive day on Wednesday, September 22, 2021. The prices of the key auto fuels were last revised on September 5 when 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 101.19 per litre while that of diesel is at Rs 88.62. In Mumbai, petrol currently costs Rs 107.26, while diesel is retailing at Rs 96.19, data available on Indian Oil Corporation’s website showed. Click here to read
Shares of Zee Entertainment Enterprises (ZEEL) surged to a 25 per cent upper circuit during the intraday trade on Wednesday and hit a 52-week high on the BSE and National Stock Exchange (NSE) after the company announced that its board has aggreed to a merger with Sony Pictures Networks India (SPNI).
The scrip surged 24.98 per cent to a 52-week high of Rs 319.50 on the BSE, while on NSE it rallied 24.99 per cent to Rs 319.60, its 52-week high. Click here to read
India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as “excessive” and “without economic rationale”.
The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group. The sector is forecast by Grant Thornton to be worth $188 billion by 2025. Click here to read
The Indian rupee depreciated 11 paise to 73.72 against the US dollar in opening trade on Wednesday, tracking a strong greenback in the overseas market.
Forex traders said a positive trend in domestic equities and sustained foreign fund inflows supported the rupee, but firm crude oil prices and broad strength in the US dollar index dragged the local unit down.
At the interbank foreign exchange, the rupee opened at 73.70 against the dollar, then fell further to 73.72, registering a decline of 11 paise from the last close.
(PTI)
Federal Reserve policymakers begin a two-day meeting Tuesday to discuss the US jobs and inflation outlook and craft a policy response that could edge the central bank closer to dialing down its support for the economy.
Here are five things to look for from the meeting, which wraps up on Wednesday at 2 p.m. ET. (1800 GMT). Click here to read
Stocks found support and US futures lifted in relief on Wednesday after teetering developer China Evergrande said it would pay some bond interest due on Thursday, allaying fears of an imminent and messy collapse that had spooked investors.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3% lower mid-morning. Japan's Nikkei fell 0.6%, while Australian shares rose 0.7%. Hong Kong markets were closed for a holiday.
S&P 500 futures reversed an early loss to trade slightly higher after Evergrande pledged to pay the scheduled coupon on a yuan bond that is due on Thursday.
(Reuters)
Zee Entertainment Enterprises (ZEEL) hit the upper circuit of 10 per cent on opening deals after its board gave in-principle approval for its merger with Sony Pictures Networks India (SPNI).
Sensex advances 73.26 pts to 59,078.53 in opening session; Nifty inches 23.60 pts higher to 17,585.60.
(PTI)