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Monday, November 29, 2021

Market Highlights: Sensex crashes 323 points, Nifty ends below 17,450-mark; IT, autos, FMCGs drag

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 58,340.99, down 323.34 points (0.55 per cent), while the Nifty 50 settled at 17,415.05, down 88.30 points (0.50 per cent).

By: Express Web Desk | New Delhi |
Updated: November 24, 2021 4:57:23 pm
stock market, sensex live, sensex share pricePeople stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. (REUTERS/File Photo)

Share/Stock Highlights: After trading on a positive note for most of the day, the frontline equity indices on the BSE and National Stock Exchange (NSE) erased their gains and ended 0.5 per cent lower on Wednesday weighed by the last hour selloff in the index heavyweights Infosys, Reliance Industries (RIL) and Housing Development Finance Corporation (HDFC).

The S&P BSE Sensex fell 323.34 points (0.55 per cent) to end at 58,340.99 while the broader Nifty 50 declined 88.30 points (0.50 per cent) to settle at 17,415.05. Both the indices had opened on a positive note earlier in the day and traded higher through most of the session.

On the BSE benchmark Maruti Suzuki India, Infosys, ITC, RIL, Larsen & Toubro (L&T) and Tech Mahindra were the top laggards on Wednesday while Kotak Mahindra Bank, NTPC, ICICI Bank, Bajaj Finance, Power Grid Corporation of India and HCL Technologies were the top gainers.

Among sectors, the Nifty IT index fell 1.52 per cent weighed by MindTree, Larsen & Toubro Infotech and Larsen & Toubro Infotech. The Nifty Auto too slipped 1.28 per cent driven by Eicher Motors and Maruti. The Nifty FMCG index dipped 0.99 per cent dragged by Tata Consumer Products and ITC.

(with inputs from agencies)

Live Blog

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

16:57 (IST)24 Nov 2021
MARKET QUOTE | Deepak Jasani, Head of Retail Research at HDFC Securities on Wednesday's market performance

"On a day when the volumes on the NSE were in line with recent average, Oil & Gas and Bank indices gained the most, while Auto, IT and FMCG indices fell the most. Midcap index closed 0.57% lower, while Smallcap index closed 0.44% higher.

Asian shares fell Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might raise interest rates. European stocks inched higher on Wednesday as investors monitored the latest data out of the euro zone and the region’s latest Covid surge.

Nifty reversed the gains of the previous day displaying that the bounce so far is feeble. Advance decline ratio however ended in the positive. Nifty turned back from 17600 levels. Now 17280 could be a crucial support to track while 17613 continues to the resistance."

15:42 (IST)24 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 58,340.99, down 323.34 points or 0.55 per cent, while the Nifty 50 settled at 17,415.05, down 88.30 points or 0.50 per cent.

11:56 (IST)24 Nov 2021
Star Health Insurance IPO to open on Nov 30; sets price band at Rs 870-900/share

Star Health and Allied Insurance Company on Wednesday said it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offering, which will open on November 30.

The three-day initial public offering (IPO) will conclude on December 2. The bidding for anchor investors will open on November 29, the company announced. Click here to read

10:28 (IST)24 Nov 2021
Global market update

Share markets were jittery in early Asia on Wednesday as trading was buffeted by a step-up in U.S. Treasury yields as well as volatile oil prices in the face of price-cooling moves by the United States and other nations.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.24%, while Japan's benchmark Nikkei stock price index fell 1.13%, as it returned from holiday and caught up with global falls the day before.


10:08 (IST)24 Nov 2021
Equity market at open

Sensex gains 82.75 points to 58,747.08 in opening session; Nifty edges higher by 15.55 points to 17,518.90.


On Tuesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had snapped out of a four-session losing streak and ended around 0.5 per cent higher led by gains in market heavyweight Reliance Industries (RIL), Bharti Airtel and Kotak Mahindra Bank.

The S&P BSE Sensex climbed 198.44 points (0.34 per cent) to end at 58,664.33, while the Nifty 50 settled at 17,503.35, up 86.80 points (0.50 per cent).

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