sensex today: Stock Market Live Updates: Sensex down 200 pts, Nifty at 18,444; Consumer Durables, IT stocks top laggards


Sensex Today Live: Indian shares erased intraday losses on Monday, as an uptick in banking, metal and auto stocks offset the decline in IT, while traders also braced for local retail inflation data, due later in the day.The Nifty 50 index rose 0.07% at 18,509.15, as of 10:50 a.m IST, and the S&P BSE Sensex was up 0.02% to 62,195. Both the benchmarks had fallen 0.8% at the open.All the major sectoral indices barring Nifty IT advanced, while the tech index also trimmed intraday losses.All the major sectoral indices declined, with Nifty IT falling the most at 1.7%, before trimming the losses. Information technology stocks led the fall for the second session in a row, with Infosys, Tata Consultancy Services, HCL Tech and Wipro among the top losers. The slide comes after HCL Technologies warned of a potential slowdown in client spending in U.S. markets.

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Dalmia Bharat yo buy Clinker, Cement and Power Plants from Jaiprakash Associates and its associate having total cement capacity of 9.4 MnT at an Enterprise Value of Rs 5,666 crore

Price as on 12 Dec, 2022 03:20 PM, Click on company names for their live prices.

IRFC to issue over 10-year bonds – traders

Indian Railway Finance Corp plans to raise at least 1.50 billion rupees ($18.17 million) selling bonds maturing in 10 years and four months, three merchant bankers said on Monday.
The company has invited coupon and commitment bids between 1030 IST and 1130 IST on Wednesday, they said.

The bonds are rated AAA by CARE, ICRA and CRISIL, and the issue will close for subscription on Friday.

Gold falls Rs 109; silver climbs Rs 934

old price fell by Rs 109 to Rs 54,461 per 10 gram in the national capital on Monday amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 54,570 per 10 gram.

Silver, however, climbed Rs 934 per kg to Rs 68,503 per kilogram.

“Gold prices traded lower on Monday amid a firmer dollar,” said Dilip Parmar, Research Analyst at HDFC Securities.

Gold falls Rs 109; silver climbs Rs 934

European shares fall on caution ahead of cenbanks’ rate decisions

European shares fell on Monday, as investors braced for interest rate decisions from the U.S. Federal Reserve and the European Central Bank due this week, while rising COVID-19 infections in China after restrictions were eased also weighed on sentiment.

The continent-wide STOXX 600 index was down 0.4% at 0805 GMT.

The index posted its first weekly drop after a seven-week rally on Friday, as fears of an impending global recession from aggressive rate hikes countered optimism around the easing of strict COVID-19 curbs in China.

Investor focus on Monday also turned to a surge in COVID-19 infections in China following loosening of the restrictions, with industrials and some China-exposed luxury firms such as LVMH and Hermes International among biggest drags on the STOXX 600.

Active Stocks

Price as on 12 Dec, 2022 02:45 PM, Click on company names for their live prices.

Mondelēz International expands partnership with HCL Tech to supercharge Digital Workplace Transformation

Price as on 12 Dec, 2022 02:33 PM, Click on company names for their live prices.

Yes Bank will receive Rs 5,100 cr from Carlyle Advent International this week: ET Now

Microsoft to buy 4% stake in London Stock Exchange: Agencies

Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday.

As part of the deal, LSEG has made a contractual commitment for minimum cloud-related spend with Microsoft of $2.8 billion over the term of the partnership.

Microsoft said the basis of the partnership will be the digital transformation of LSEG’s technology infrastructure and Refinitiv platforms on to the Microsoft Cloud.

“The initial focus will be on delivering interoperability between LSEG Workspace and Microsoft Teams, Excel and PowerPoint with other Microsoft applications and a new version of LSEG’s Workspace,” the U.S. company said.

Abans Holdings IPO subscribed only 5% during the first three hours of the bidding

The Rs 345.6 crore initial public offering (IPO) of Abans Holdings was majorly ignored by the investors during the initial three hours of the bidding process on day one. The issue saw very mild bidding.

The company is selling its shares in the range of Rs 256-270 apiece between December 12-15, with a lot size of 55 shares. The issue comprises issuance of fresh shares worth Rs 102.6 crore and an offer for sale (OFS) of Rs 243 crore.

According to the data from BSE, the investors made bids for 5,78,325 equity shares or only five per cent compared to the 1,28,00,000 equity shares offered for the subscription by 1.10 pm on Monday, December 12.

Sensex down up to 200 pts

Sensex down up to 200 pts

Titan, Bata India among top losers from Nifty Consumer Durables

Price as on 12 Dec, 2022 01:18 PM, Click on company names for their live prices.

Nifty IT, Consumer Durables under pressure

Nifty IT, Consumer Durables under pressure

Investor network FAAD gets Sebi nod to launch Rs 300 cr fund

Early-stage investor network FAAD on Monday said it has received Sebi’s approval to launch a Rs 300 crore alternative investment fund (AIF). The network will build the war chest in the coming months to invest across sectors in early-stage startups with special focus on healthtech, agritech, deep tech, and cleantech space, FAAD said in a statement.
“FAAD has received the approval of SEBI for a Category 1 INR 300 cr Alternative Investment Fund ,” the statement said.

The angel network by FAAD was launched in 2019 which has invested over Rs 75 crore in over 60 startups across a multitude of technology sectors, with a minimum cheque size of USD 50,000 to USD 1 million.

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half – sources

Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue.

The scale of the cuts in Asia could be replicated in Morgan Stanley’s U.S. and European operations, and would be in contrast with 2021 when its top bankers earned up to 20% more in bonuses globally, said the sources.

Bonus payout discussions are currently underway at Morgan Stanley globally, they said.

A third person with knowledge of the matter said the bonus cuts in Asia for the bank are expected to be around 30% on average for all its investment banking teams and markets.

Japan’s Nikkei falls as tech stocks drag ahead of Fed meet

Japan’s Nikkei share average retreated on Monday from a one-week high, as U.S. data showing sticky inflation raised worries that the Federal Reserve may keep interest rates higher for longer.

Tech and other so-called growth shares sagged after U.S. producer price data on Friday suggested inflation could prove more persistent than previously thought, ahead of a consumer price report on Tuesday and the Fed policy decision the following day.

However, Toshiba bucked the trend, rising almost 2% amid reports that Japan Industrial Partners has moved closer to securing bank financing for a buyout.

The Nikkei ended the day 0.21% lower at 27,842.33, after hitting its highest level since Dec. 2 on Friday

ONGC to invest Rs 2,150 crore on drilling 53 exploratory wells in Andhra Pradesh

Price as on 12 Dec, 2022 12:44 PM, Click on company names for their live prices.

Power demand growth to boost Coal India’s spot auctions, chairman says

Coal India will increase spot auctions of the fuel in the coming months, the chairman of the world’s biggest coal miner said on Monday, as the company’s rising output has left them with enough fuel to meet increasing demand from non-utility power plants.

An increase in spot auction sales, which offer higher margins than its mainstay long-term contracts, will help Coal India to build off its record profits from this year and maintain its rising share price, which has climbed 25% since April and outpaced a 5.9% rise in the broader Nifty index .

“I think in the first half, we have done a little over 30 million tonnes. In the next half, our e-auction sales may go up to 40 million tonnes,” Chairman Pramod Agrawal told Reuters in an interview at the company’s headquarters.

The state-run miner, which accounts for 80% of the country’s output of the fuel, typically supplies the bulk of its output to utilities as a part of long-term contracts.

Yes Bank will get Rs 5,100 crore from Carlyle, Advent International this week

PSP Projects receives work orders worth Rs 115.49 crores (excluding GST) in Institutional and Industrial categories.

Price as on 12 Dec, 2022 12:25 PM, Click on company names for their live prices.

Macrotech Developers approves offer price of Rs 1026 per share for QIP: Agencies

Price as on 12 Dec, 2022 12:20 PM, Click on company names for their live prices.

Stocks in news: HPCL

Share of Yes Bank rallied over 7% and touched a 52-week high of Rs 21.15 in Monday’s intraday trade on BSE after the private lender got RBI’s nod to raise capital from Carlyle, Verventa Holdings.

Price as on 12 Dec, 2022 11:51 AM, Click on company names for their live prices.

Dollar gains as inflation pressures persist; eyes on central bank meetings

The dollar climbed on Monday after data on Friday showed U.S. producer prices had risen more than expected last month, pointing to persistent inflationary pressures and a chance the Federal Reserve would keep interest rates higher for longer.The dollar rose 0.35% against the Japanese yen to 137.05. Against a basket of currencies, the U.S. dollar index eked out a 0.12% gain at 105.18.The euro was last 0.2% lower at $1.0509.Sterling fell 0.31% to $1.2229 in Asia trade on Monday, while the Aussie edged 0.34% lower to $0.6773.

Crypto Price Today: Bitcoin breached $17K; Dogecoin, Solana & Shiba Inu drop up to 9%

Active stocks in morning trade

Price as on 12 Dec, 2022 11:05 AM, Click on company names for their live prices.

Tata Group to open 100 exclusive Apple stores -Agencies

Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will only sell Apple Inc products, the Economic Times newspaper reported on Monday, citing two people aware of the matter.Tata Group’s Infiniti Retail, which runs the consumer electronics store chain Croma, will be an Apple-authorised reseller and set up stores at shopping malls, high-street and neighbourhood locations, the report said.

Stocks in news: Tracxn Technologies

Va Tech Wabag hits 52 week high intraday

Va Tech Wabag secures Industrial Waste Water Treatment order in Romania worth about Rs 260 Crores (EUR 30 Million)

Price as on 12 Dec, 2022 10:18 AM, Click on company names for their live prices.

Sensex pares all losses, lands in green

Sensex pares all losses, lands in green

Uniparts India makes a tepid D-st debut, lists at marginal discount

Uniparts India made a muted debut on Monday, listing at Rs 575 on BSE, a discount of 0.35% over its issue price of Rs 577 apiece.

U.S. equities ended mixed in a volatile trading session. The S&P 500 was off 0.1%, Dow Jones fell 0.6%, while the tech-heavy Nasdaq Composite Index gained 0.1%. The yield on the benchmark 10-year Treasury fell to 3.525%, from 3.699% Wednesday. US consumer spending increased by 0.8% in October, the strongest gain since June. Households spent more on essentials such as rent and food, and new vehicles. Adjusted for inflation, spending rose 0.5%, the biggest increase since January. But the personal-saving rate, hit its lowest level since 2005, a sign that rising prices are squeezing household budgets. Domestic equities closed higher with Nifty gaining 0.3%, while broader markets outperformed the main indices as Nifty Mid Cap and Nifty Small Cap rose 0.9% and 0.4% respectively. Most sectoral indices ended in green. Nifty IT gained the most at 2.4% followed by Nifty PSU Bank and Nifty Media which were up ~2.1% each. Nifty FMCG (-0.4%) and Nifty Oil & Gas (-0.6%) were the major laggards. The unemployment rate in India surged to 8% in Nov ‘22 from 7.7% in Oct ‘22 on account of a significant increase in unemployment in urban India (7.21% in Oct ‘22 to 8.96% in Nov ‘22). However, unemployment rate in rural India fell to 7.55% compared to 8.04% last month. Moreover, RBI’s rate-panel is expected to increase repo rates by 25-35bps in its meeting from 5-7 Dec ‘22. The recent labour data and relatively lower inflation print will reinforce expectations for a smaller 50 bps Fed rate hike on Dec. 14 and perhaps signal a further slowing in the pace of rate increases early next year. The run-up to the exercise for the Budget is building up with job creation and a step-up in government capex, being the primary focus. We expect a recovery in the coming quarters led by softening of commodity prices and monetary easing by central banks which is likely to boost demand going ahead. The movement of rupee, FII flow and crude oil prices will dictate trend in the near term, while volatility is likely to remain due to endless Russia-Ukraine crisis and new COVID cases in China. The markets are likely to see gap up opening; SGX nifty is up 100 points compared to previous spot Nifty closing. Asian Markets are trading mixed; Nikkei is down 1.9% while Heng Seng is up 0.23%.

– Mitul Shah Head of Research – Institutional Desk Reliance Securities

Paytm: Oct-Nov loan disbursements at Rs 6,290 cr, up 374% YoY. (From Agencies)

MTAR Technologies signs MOU with Indian National Space Promotion and Authorization Centre (IN- SPACe) to design and develop two Stageto low Earth orbit all liquid small satellite launch Vehicle.

Price as on 12 Dec, 2022 09:28 AM, Click on company names for their live prices.

Opening Movers

Price as on 12 Dec, 2022 09:24 AM, Click on company names for their live prices.

Heatmap: 25 out of 30 stocks open in the red

Heatmap: 25 out of 30 stocks open in the red

Opening Bell: Sensex tumbles over 400 pts; Nifty drops below 18,400; Infosys, HCL Tech fall up to 2%

Opening Bell: Sensex tumbles over 400 pts; Nifty drops below 18,400; Infosys, HCL Tech fall up to 2%

Rupee Opens

The domestic currency appreciated against the US dollar. It opened at 82.61/USD.

Market Pre-Open

Sensex, Nifty tumble nearly 1% in pre-open session

Asian shares dip, dollar firms ahead of central bank rate hikes

Asian shares dipped on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the U.S. Federal Reserve, the European Central Bank and others.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.23 per cent, lower at 18,547.50, signaling that Dalal Street was headed for a negative start on Monday.

Tech View: Nifty charts hint at rise in pessimism.

Headline equity index Nifty today formed a long negative candle on the daily chart with minor lower shadow, indicating downside breakout of the range-bound movement of the last few sessions. Analysts fear more weakness in the short term.

Tokyo stocks open lower with eyes on US Fed move

Tokyo stocks opened lower on Monday, tracking Wall Street falls, as stronger-than-expected US data triggered renewed fears that the Federal Reserve will continue to aggressively counter inflation. The benchmark Nikkei 225 index was down 0.57 percent, or 157.71 points, at 27,743.30 in early trade, while the broader Topix index was down 0.46 percent, or 8.93 points, at 1,952.63.

US stocks end in the red on fears of further rate hikes

US stocks tumbled Friday as stronger-than-expected wholesale prices triggered renewed jitters that the Federal Reserve would press on with an aggressive stance to counter inflation.

Oil prices climb on uncertainty over Keystone pipeline restart

Oil prices rose more than 1% in early Asian trade on Monday as a key Canada-United States crude pipeline stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation against a Western price cap on Russian oil exports.

Rupee rises 10 paise to 82.28 against US dollar

The rupee appreciated by 10 paise to close at 82.28 against the US dollar on Friday, tracking the weakening of the American currency in the overseas market. Forex traders said muted domestic equities and foreign fund outflows weighed on investor sentiments and restricted the gains.

Sensex, Nifty on Friday

Slipping below the support level of 18,500 points, the Nifty 50 settled 0.6% down at 18,496. The BSE Sensex closed 0.6% lower at 62,181 points.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

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