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Monday, December 06, 2021

Market Highlights: Sensex and Nifty end flat with marginal gains

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,718.71, up 32.02 points (0.05 per cent), while the Nifty 50 settled at 18,109.45, up 6.70 points (0.04 per cent).

By: Express Web Desk | New Delhi |
Updated: November 15, 2021 6:02:20 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended on a flat note with marginal gains on Monday as the rise in wholesale inflation capped early gains despite a positive trend in global markets.

The S&P BSE Sensex rose 32.02 points (0.05 per cent) to end at 60,718.71 while broader Nifty 50 inched up 6.70 points (0.04 per cent) to settle at 18,109.45. Both the indices had opened nearly 0.5 per cent higher but soon after gave up most of the gains and traded in a narrow range throughout the day.

On the Sensex pack, Power Grid Corporation of India, ITC, Asian Paints, Nestle India, Kotak Mahindra Bank and Tata Consultancy Services (TCS) were the top gainers of the day on Monday. On the other hand, Tata Steel, Mahindra & Mahindra (M&M), Bajaj Auto, State Bank of India (SBI), Bharti Airtel and Bajaj Finserv were the top laggards.

Earlier in the day, the wholesale inflation calculated by the wholesale price index (WPI) surged to 12.54 per cent in October from 10.66 per cent a month ago, data released by the Ministry of Commerce & Industry showed.

(with inputs from agencies)

Live Blog

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

16:40 (IST)15 Nov 2021
MARKET QUOTE | Deepak Jasani, Head of Retail Research, HDFC Securities on Monday's market performance

"Nifty closed almost flat on November 15 after a higher opening. Nifty opened with an upgap and gave away some opening gains as the day progressed. At close Nifty closed 6.7 points or 0.04% higher at 18109.45.

On a day when the volumes on the NSE were in line with the recent averages, Healthcare and FMCG gained the most, while Metals and Telecom lost the most.  Midcap index closed 0.41% higher while Smallcap index closed 0.19% lower.  

Shares were mixed in Asia on Monday, with the specter of inflation weighing on sentiment and Chinese economic data surprising on the high side. European stock markets got off to a mixed start on Monday as rising inflation and increased COVID cases weighed on sentiment.

Nifty closed flat making a doji after an uprun. Advance decline ratio was in the negative reflecting profit taking across small and midcaps. The Nifty is finding it difficult to build on the gains. Institutional flows and volumes need to grow to bring a follow through rise. 18210 could be a resistance in the near term, while 17978 is a support."

15:59 (IST)15 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 60,718.71, up 32.02 points or 0.05 per cent, while the Nifty 50 settled at 18,109.45, up 6.70 points or 0.04 per cent.

14:57 (IST)15 Nov 2021
Sigachi Industries shares list with a bang; jump nearly 253% in debut

Microcrystalline cellulose manufacturer Sigachi Industries shares listed with a huge premium of nearly 253 per cent in its debut trade on Monday against the issue price of Rs 163.

The stock listed at Rs 575, a premium of 252.76 per cent on BSE. It then rallied 270.39 per cent to Rs 603.75. Click here to read

13:56 (IST)15 Nov 2021
Nykaa shares fall over 7 per cent after 96 per cent slump in quarterly net profit

Shares of Indian cosmetics-to-fashion platform Nykaa fell as much as 7.4% on Monday after reporting a 96% slump in quarterly net profit, hurt by higher marketing and advertisement expenses.

FSN E-Commerce Ventures Ltd, popularly known by the brand name Nykaa, last week debuted at a 79.4% premium to its offer price and closed at 2,205 rupees on Nov. 10. Click here to read

12:56 (IST)15 Nov 2021
Wholesale inflation spikes to 12.54% in October

The wholesale inflation across the country rose to 12.54 per cent in October, data released by the Ministry of Commerce & Industry showed.

The wholesale price index (WPI) grew 10.66 per cent during the month of September, while the WPI for August was revised to 11.64 per cent from 11.39 per cent, the data showed. The WPI in October 2020 was at 1.31 per cent. Click here to read

12:02 (IST)15 Nov 2021
Policybazaar makes a firm debut, lists at over 17% premium above issue price

Shares of PB Fintech, the operator of online insurance aggregator Policybazaar and credit comparison portal Paisabazaar, made a firm debut and got listed at a premium of 17.35 per cent above their issue price in the stock exchanges today.

The scrip got listed at Rs 1,150.00 apiece on both the BSE and National Stock Exchange (NSE), thereby registering a gain of 17.35 per cent from its offer price of Rs 980.00. Click here to read

10:25 (IST)15 Nov 2021
Paytm IPO share allotment likely today

One 97 Communications – the parent entity of digital payments firm Paytm, had its initial public offering (IPO) from November 8-10, 2021 where it got subscribed 1.89 times.

The country’s largest IPO worth a whopping Rs 18,300 crore received bids for over 9.14 crore (9,14,09,844) shares against the total issue size of nearly 4.84 crore (4,83,89,422) shares. The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 2.79 times, while those of non institutional investors was subscribed 0.24 times and that of retail individual investors (RIIs) was subscribed 1.66 times, data available in the stock exchanges showed. Click here to find out how to check your shares

09:37 (IST)15 Nov 2021
Global market update

Asian shares edged higher on Monday as Chinese economic data surprised on the high side, challenging wagers the economy was stuck in a downturn although a decline in mainland house prices was a worry.

Chinese blue chips were steady on the data, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, after popping higher late last week.

Japan's Nikkei gained 0.5% as data showing economic activity shrank by more than expected in the third quarter only reinforced the case for aggressive fiscal stimulus.

Elsewhere, the U.N. climate conference in Scotland managed to hammer out a deal on emissions, but only by watering down a commitment to phase out coal.

Wall Street eased last week to break a string of gains, though the major indices were only a shade off all-time highs. S&P 500 futures firmed 0.1% in early trade on Monday, while Nasdaq futures added 0.2%.

(Reuters)

09:32 (IST)15 Nov 2021
Equity market at open

Sensex jumps 315.89 pts to 61,002.58 in opening session; Nifty surges 90.30 pts to 18,193.05.

(PTI)

On Friday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended over 1 per cent higher aided by gains in index majors Infosys, HDFC Bank and Reliance Industries amid positive global cues.

The S&P BSE Sensex surged 767.00 points (1.28 per cent) to end at 60,686.69 while the Nifty 50 rallied 229.15 points (1.28 per cent) to settle at 18,102.75.

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