KEY HIGHLIGHTS
US Market Update: US Futures Fall Before PMI Data
-At 3:33 p.m. Dow Jones futures fell 0.2% to 43,904.00, S&P 500 lost 0.3% to 5,951.25, and Nasdaq 100 fell 0.5% to 20,730.00.
Economic Data Releases And Events For Nov 22
Germany: Deutsche Bundesbank President Joachim Nagel will speak at ECB Conference at Frankfrut — 6:30 p.m.
US: S&P Global Flash Manufacturing PMI — 8:15 p.m.
US: S&P Global Flash Services PMI — 8:15 p.m.
US: University of Michigan Revised Consumer Sentiment — 8:30 p.m.
US: University of Michigan Inflation Expectation — 8:30 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m.
Rupee Closes Stronger Against US Dollar
Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.
Friday's Rally Help Sensex, Nifty Snap Two-Week Losing Steak: Market Wrap
The NSE Nifty 50 and BSE Sensex recorded the best since in over five months on Friday after ending with over 2% gain. Friday's surge helped the Nifty 50 post best week in nearly two months.
The Nifty 50 ended 524.50 points or 2.25% higher at 23,874.40, and the Sensex ended 1,961.32 points or 2.54% higher at 79,117.11.
Indian benchmarks witnessed sharp rise post 1:30 p.m. The Nifty 50 rose as much as 2.60% to 23,956.10, and the Sensex jumped 2.67% to 79,218,19. It's the highest intraday jump since June 5.
Gains across Asia and Europe supported India's large–cap gauges' upward trajectory in Friday's session. Most share indices in Asia–Pacific ended higher except Hong Kong and Mainland China's stock gauges. The CS 300 and Hang Seng indices ended 3.10% and 1.89% down, respectively.
European share indices rose on Friday as traders brushed off disappointing Germany's GDP data and UK's lower–than–expected retail sales data.
India's fear gauge saw a big swing in Friday's session. Right after open, the NSE Nifty India Volatility Index jumped 16.76% to 18.76. Advancing into the session, the index plunged 20.25%. It ended 0.67% higher at 16.10.
"Despite global challenges, India's long-term growth story remains compelling. Investors should focus on sectors aligned with structural themes such as urbanization, infrastructure, and consumption growth. Strategic portfolio adjustments, disciplined investing, and a long-term perspective are critical to navigating the current environment," said Krishna Appala, a senior research analyst, Capitalmind Research.
Sensex ended 1,961.32 points or 2.54% higher at 79,117.11.
Sensex ended 1,961.32 points or 2.54% higher at 79,117.11.
The Nifty 50 ended 524.50 points or 2.25% higher at 23,874.40
The Nifty 50 ended 524.50 points or 2.25% higher at 23,874.40
The Nifty Bank ended 1.51% higher at 51,135.40.
The Nifty Bank ended 1.51% higher at 51,135.40.
Reliance Industries Ltd., Infosys Ltd., ICICI Bank Ltd., ITC Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.
Bajaj Auto Ltd. weighed on the benchmark index.
Top contribution to the Nifty 50 index.
Top contribution to the Nifty 50 index.
Broader indices underperformed. BSE Midcap closed 1.3% higher and BSE Midcap was 0.9% up.
All 21 sectoral indices on the BSE closed higher. BSE focused IT rose the most.
Market breadth was skewed in the favour of buyers. As many as 2,455 stocks rose, 1,463 fell and 124 remained unchanged on the BSE.
On a weekly basis, the Nifty 50 ended 1.59% higher, recording the best weekly gains since late September. The Sensex ended 1.98% higher.
On NSE, eight sectors advanced this week, three declined, and one remained flat. The NSE Nifty Realty rose the most, while the NSE Nifty Media declined the most.
Sectoral performance in the week ended on Nov 22.
Sectoral performance in the week ended on Nov 22.
Market At Close
The BSE Sensex and NSE Nifty 50 had the best session in over five months.
The Nifty 50 and Sensex jumped the most since early June on Friday.
State Bank of India, Bajaj Finance Ltd., Titan Co. were top leaders in the Nifty 50 index.
Bajaj Auto was the only laggard in the Nifty 50 in index.
The NSE Nifty IT was the best performing sector in Friday's session. The NSE Nifty Media was the worst performing sector.
The NSE Nifty Midcap 150 ended 1.15% higher at 20,412.65.
The NSE Nifty Smallcap 250 ended 0.98% higher at 16,912.30.
Stock Market Live: National Fertilizer To Make Nano Urea
National Fertilizers Ltd. will produce Nano Urea at its Nangal plant, according to an exchange filing.
Stock Market Today: JSW Energy Clarifies About SEBI Warning Letter
JSW Energy Ltd. has clarified that there is no financial or operational impact on the company following the Securities Exchange Board of India's warning letter issued regarding certain trades executed by a designated person and their immediate relatives, according to an exchange filing.
Stock Market Live: India VIX Turn Positive
The NSE India Volatility Index plunged 20.25% to 12.75 earlier in the session. It turned positive to trade 1.99% higher at 16.31 as of 2:34 p.m., as compared to 2.21% advance in the NSE Nifty 50 index.
Stock Market Live: Bata India Appoints New CFO
Bata India Ltd. has appointed Durgesh Singh as chief financial officer, with effective December 1, it said in an exchange filing.
European Market Update: Stocks Gain As Traders Brush Off Disappointing Data From Region
European share indices rose on Friday as traders brushed off disappointing set of data from the region. Data showed Germany's economy expanded less than earlier reported in the third quarter. It rose 0.1% in three months to September compared to 0.3% reported earlier, Bloomberg said.
Meanwhile, retail sales in the UK declined 0.7% on the month in October, compared to 0.1% increase in the previous month. Market participants expected 0.3% decline for October.
European markets rose on Nov 22.
European markets rose on Nov 22.
Stock Market Live Updates: BofA Bearish On Nykaa, Cuts Estimates Amid Slower Margin Growth
Bank of America has downgraded Nykaa to an 'Underperform' rating, cutting its price target for the company as it foresees slower-than-expected growth in key areas, particularly in the beauty, personal care segment and quick commerce. Nykaa's parent company is FSN E-Commerce Ventures Ltd.
Stock Market Live: Godrej Properties Stock Gets 'Buy' Upgrade As BofA Sees Attractive Risk-Reward
Godrej Properties Ltd. got a 'buy' upgrade from Bank of America, as it sees risk-reward turning attractive after the recent correction in the share price. The brokerage had a 'neutral' rating earlier.
SBI Teams Up With Uber To Offer Loans To Drivers
The State Bank of India has partnered with Uber to offer driver loans. The lender is also aiming to provide car loans for fleet partners. The product will be available to both new and existing fleet partners, according to a statement, SBI said in a statement.
Stock Market Live: Most Adani Stocks Turn Positive
Portfolio has more than 60% equity deployed in assets
Adani portfolio has well distributed sources of fund
Contracted EBITDA is 70% of total portfolio EBITDA
Portfolio borrowing is less than 2.5 times as multiple of EBITDA
Portfolio cash reserves at more than 20% of borrowing
Source: Adani Portfolio H1FY25 Credit Summary
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
Paras Defence & Space Tech Share Price Rises Over 3%
Paras Defence & Space Technologies Ltd. share price rose 4.50% to Rs 997.00 apiece. It was trading 4.27% higher at Rs 994.80 apiece as of 1:00 p.m., as compared to 1.42% advance in the NSE Nifty 50 index.
Paras Defence & Space Technologies share price rose 4.36% to Rs 995.60 apiece.
Paras Defence & Space Technologies share price rose 4.36% to Rs 995.60 apiece.
Stock Market Live Updates Today: Marksans Pharma Gets FDA Approval Loratadine Tablets
Marksans Pharma Ltd. received the US Food and Drug Administration received final approval for ANDA of Loratadine Tablets USP 10 miligram
Alert: Loratadine Tablets Are Used For Treatment Of Allergic Rhinitis
Source: Exchange Filing
Stock Market Live: Godrej Industries To Raise Up To Rs 1,000 Crore
Godrej Industries Ltd. plans to raise up to Rs 1,000 crore through the private placement of Non-Convertible Debentures, according to an exchange filing
Stock Market Today: US FDA Gives Voluntary Action Indicated For Torrent Pharma's Pitampura Facility
Torrent Pharma said in an exchange filing that the US Food and Drug Administration has completed its inspection at the company's manufacturing facility in Pithampur, Madhya Pradesh.
The FDA has issued an Establishment Inspection Report (EIR) with a "Voluntary Action Indicated" classification for the Pithampur plant.
Stock Market Today: Jefferies On Graphite India
The brokerage has a target price of Rs 675, which implied a 46% upside.
Largest player in India with installed electrode capacity of 98k MT
Strong Balance Sheet with limited debt
FY24-27 expect Sales CAGR of 10%
EBITDA margin to rise to 16% in FY25
EV/EBITDA of 12x is a premium to 10yr avg multiple
Stock Market Today: Protean eGov Falls To Four–Month Low
Protean eGov Technologies Ltd.'s share price fell to hit its lowest in four months as its public shareholder NSE Investments plans to offload its entire stake worth Rs 1,276 crore in the company, through an offer for sale.
Protean eGov fell 7.28% to Rs 1,715.00 apiece.
Protean eGov fell 7.28% to Rs 1,715.00 apiece.
IPO Update: Onyx Biotec Shares List At Over 10% Discount To IPO Price
Share price of Onyx Biotec Ltd. made a weak debut on Friday on the NSE SME platform, Emerge. The stock was listed at Rs 54.05 apiece on the NSE, at a discount of 11.39% over the issue price of Rs 61 per piece. Immediately after listing, the stock rallied 5% to hit the upper circuit limit at Rs 56.75 apiece.
Stock Market Today: Info Edge Share Price Surges Over 6%
Info Edge (India) Ltd.'s share price surged over 6% Friday following Goldman Sachs rating upgrade to 'buy' from 'sell' on expectations of changing demand environment for Indian IT services.
Info Edge (India) Ltd. share price rose 4.89% to Rs 7,882.95 apiece.
Info Edge (India) Ltd. share price rose 4.89% to Rs 7,882.95 apiece.
Oil Update: Future Prices Steady
Oil future prices steadies around $74 a barrel in Friday's session as traders assessed the situation between Russia and Ukraine. Russia has launches ballistics missiles at Ukraine following the latter's strike with western weapons, Bloomberg reported.
The January future contract of crude oil was trading 0.03% higher at $74.25 a barrel as of 11:21 a.m. The prices rose 2.18% to $74.20 a barrel in Thursday's session.
Stock Market Today: SJVN Share Price Jumps Following Renewable Energy MoU With Rajasthan Government
SJVN Ltd.'s share price rose nearly 6% in early trade on Thursday, after the company announced a significant partnership with the Rajasthan government's energy department after market hours on Thursday.
SJVN Ltd. share price rose 5.01% to Rs 108.62 apiece.
SJVN Ltd. share price rose 5.01% to Rs 108.62 apiece.
Zinka Logistics Profitable For Last Four–Five Quarters, Says CEO
Zinka Logistics Solutions Ltd. has been profitable for last four–five quarters, said Rajesh Yabaji, chief managing director and chief executive officer. The company will do strongly as it moves forward. Zinka Logistics Solutions Ltd. has revenue visibility.
Most revenues are recurring in nature. Around 75% of Growth in contribution margin has flown down in PAT level, Yabaji said in an interview to NDTV Profit.
Stock Market Live Updates Today: Sobha Share Price Jumps Nearly 5%
Sobha Ltd.'s share price surged nearly 5% on Friday following HSBC's target price increase driven by the company's strong launch pipeline. This came even as its September quarter margins and launches disappointed the brokerage.
Stock Market Today: Adani Stocks Stage Recovery
The group stocks of billionaire Gautam Adani–led companies staged a comeback a day after the conglomerate's market cap nosedived as it rejected the "baseless" $250 million bribery scheme and categorically denied any wrongdoing.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
IPO Update: Zinka Logistics Share Price Lists At 2.9% Premium
Shares of Flipkart backed-Zinka Logistics Ltd. listed on the BSE on Friday at Rs 279.05 apiece, a premium of 2.22% over the issue price of Rs 273 apiece. The stock listed at Rs 289.90 per dhare on the National Stock Exchange, marking a premium of 2.89%.
Stock Market Update: SBI Share Price Rises As Jefferies Reiterates It As Its Top Picks
State Bank of India's share price rose over 2.20% to Rs 797.95 apiece. The share price rose as Jefferies retained the stock as its top picks. The brokerage has a 'Buy' rating with a target price Rs 1,030, which implied a 32% upside from Thursday's closing price.
SBI share price was 1.86% higher at Rs 795.30 apiece.
SBI share price was 1.86% higher at Rs 795.30 apiece.
Stock Market Today: Nifty, Sensex Open Higher As ICICI Bank, HDFC Bank Share Prices Rise
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday as ICICI Bank Ltd. and HDFC Bank Ltd. share prices lead. Gains across Asia–Pacific share indices also supported Indian benchmarks.
As of 09:17 a.m., the Nifty 50 was trading 49.75 points or 0.21% higher at 23,399.65, and the Sensex was trading 189.22 points or 0.25% higher at 77,345.01.
The Nifty 50 has failed to build momentum above the 200-day average and closed at six months low and on the higher side 24,000 will be a strong resistance from current levels, said Vikas Jain, head, research at Reliance Securities.
The previous day low at 23,250 levels will be a support followed by highest put open interest at 23,000 levels for the monthly expiry. RSI has closed near the lower end of the range and is witnessing some reversal on hourly charts indicating some bounce from current levels. The highest call OI is at 24,000 strikes while the downside the highest put OI is at 23,200 for the weekly expiry, Jain said.
The Sensex was 0.24% higher at 77,337.15.
The Sensex was 0.24% higher at 77,337.15.
The Nifty 50 was 0.10% higher at 23,372.15.
The Nifty 50 was 0.10% higher at 23,372.15.
The Nifty Bank was 0.53% higher at 50,641.45.
The Nifty Bank was 0.53% higher at 50,641.45.
ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., State Bank of India, and Infosys Ltd. added to the Nifty 50 index.
Adani Ports and Special Economic Zone Ltd., Adani Enterprises Ltd., Tata Consultancy Services Ltd., Titan Co., and Shriram Finance Ltd. weighed on the Nifty 50 index.
Top contribution to the Nifty 50 index.
Top contribution to the Nifty 50 index.
On NSE, eight sectors advanced, three declined, and one remained flat out of 12 around open. The NSE Nifty PSU Bank rose the most, and the NSE Nifty Media declined the most.
Most sectoral indices opened higher on Nov 22
Most sectoral indices opened higher on Nov 22
The BSE Midcap and Smallcap indices were trading 0.62% and 0.54% higher, respectively.
On BSE, 21 sectors were trading on a positive note around open on Friday. The BSE Realty rose the most, while the BSE Consumer Durables rose the least.
Market breadth was skewed in favour of buyers. Around 2,135 stocks advanced, 642 stocks declined, and 117 stocks remained largely flat.
Stock Market Live: Nifty, Sensex Higher At Pre–Open
At pre–open, the NSE Nifty 50 was 0.27% higher at 23,411.80, and the BSE Sensex was 0.25% higher at 77,349.74.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.87%. It closed at 6.86% on Thursday, according to data on Bloomberg.
Rupee Opens Flat Against US Dollar
The rupee opened flat at 84.49 against the US dollar. It closed at 84.50 on Thursday, according to data on Bloomberg.
Stock Market Live: Infosys Gets Penalty & Tax Payment Of $3.28 Million
Infosys Ltd. faces a penalty and pending tax payment of $3.28 million imposed by the Georgia Department of Labor, US, for the period spanning Q3 2019 to Q1 2024, according to an exchange filing.
NDTV Profit Exclusive: LIC Likely To Make Additional Bid In NTPC Green
Life Insurance Corp is likely to make additional bid in NTPC Green IPO
LIC had participated in anchor book with Rs 500 crore investment
Alert: Single QIB can invest up to 50% of IPO size as per regulation
Source: People in the know
Gold Prices Extend Gains To Fifth Session
Gold spot and future prices extended gains to fifth consecutive session as demand for the safe–haven rose on heightening tension between Ukraine and Russia.
Gold's December future contract was trading 0.33% higher at $2,683.80 as of 08:01 a.m. The Bloomberg spot gold was trading 0.60% higher at $2,685.64 an ounce as of 8:11 a.m., according to data on Bloomberg.
Stock Market Live Updates: Jefferies On India Chemicals
PI Industries preferred pick, buy with price target Rs 5,100 (23% upside)
Innovator volumes recovering, pricing under pressure
Crop prices remain weak; Refgas exports to remain challenging
Chinese agro chem exports elevated
PI faces transient demand weakness, new products provide offset
SRF withdrew growth guidance on poor demand visibility.
NFIL to see recovery from Q4
Stock Market Today: Goldman Sachs On Info Edge (India)
Upgrade to Buy from Sell
TP: 8600 (+14%) compared to Rs 5700 earlier
Headwinds easing: See acceleration in recruitment segment
Better than expected outlook on growth & earnings
Earnings to get better: expect 99acres to breakeven in CY25
Remain bullish on Zomato - expect earnings upside risk
Asia FX Update: Currencies Trade Mixed Against US Dollar
Most Asian currencies were trading on a mixed note against the US dollar as investors assessed the latest US unemployment claims data. The data showed that the number of people filing for jobless benefits declined unexpectedly, indicating a rebound in the labour market.
The Japanese yen was 0.06% higher at 154.45 a dollar as of 7:34 a.m. The Taiwanese dollar was trading 0.03% down at 32.56 against the US unit. The South Korean won was 0.17% higher at 1,399.28.
Stock Market Today: Jefferies On SBI
Maintain buy with a target price Rs 1,030, which implied a 32% upside.
Management meet
Focused on improving deposit growth despite loan to deposit having room to rise
Asset quality holding up even in unsecured
Rate cuts may be gradual, loan mix will help defend margins
No plans of a capital raise: ROCE of 20% in H1 to help capital adequacy
Expect 13% loan CAGR through FY24-27, 16% ROCE through FY26-27
Value at 1.5x PBV
Stock Market Live: HSBC On Sobha In
Maintain Buy with a target price raised to Rs 2,150 vs Rs 2,000, which implied a 40.3% upside.
Poised for strong growth post recent rights issue and improved OCF
Sees improved the visibility on launches beyond FY26
Twenty six msf ready for launch in next two years plus 1,878 acres of land bank
Aggressively planning to enter newer cities like Mumbai and Noida
Warrants valuation re-rating on growth by acquiring land and joint development
Asia Market Update: Share Indices Gain Tracking Wall Street
Asia–Pacific share indices were trading higher in early trade on Friday, tracking overnight gains on Wall Street. The Nikkei 225 and S&P ASX 200 were trading 0.76% and 0.79% higher, respectively.
The KOSPI was trading 1.09% higher at 2,507.72 as of 07:04 a.m.
US Stocks End Higher As Traders Digest Nvidia's Earning Outlook
Share indices on Wall Street ended higher. The Dow Jones Industrial Average ended 1.06% up, while the S&P 500 ended 0.53% higher. Investors shook off the worries over Nvidia Corp's earning outlook.
Jobless claims data showed number of unemployment people filing for benefits in the US fell unexpectedly.
GIFT Nifty Above 23,400; LIC, Tata Power, SJVN Share Prices In Focus
The GIFT Nifty was trading above 23,400 in early trade on Friday. Life Insurance Corp., Man Industries Ltd., Tata Power Ltd., and SJVN Ltd. share prices are likely to react.
The GIFT Nifty was trading 0.06%, or 15 points, down at 23,450.50 as of 06:37 a.m.
The NSE Nifty 50 and BSE Sensex resumed their declines on Thursday to record their lowest closing in more than five months as sentiment around the globe was weakened due to tensions in Russia-Ukraine and as investors assessed Nvidia's quarterly results.
The Nifty 50 ended 168.60 points, or 0.72%, down at 23,349.90, and the Sensex closed 422.59, or 0.54%, down at 77,155.79.
"We expect market to remain volatile on account of global geo-political concerns, relentless FII selling and uncertainty around the outcome of state assembly elections in Maharashtra and Jharkhand," said Siddhartha Khemka, head, research, wealth management, Motilal Oswal Financial Services Ltd.
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