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Stock Market Today: Nifty, Sensex End Choppy Session With Marginal Losses As L&T, M&M Drag

Stock Market Today: Nifty, Sensex End Choppy Session With Marginal Losses As L&T, M&M Drag
The Nifty 50 and Sensex ended Tuesday's session with losses as Larsen & Toubro Ltd. and Mahindra & Mahindra Ltd. shares declined. Image is for representation. (Photo source: Unsplash)
1 year ago
The GIFT Nifty was trading near 24,200 in early trade on Tuesday. InterGlobe Aviation Ltd. Hindustan Unilever Ltd., and SpiceJet Ltd. share prices are likely to react. The GIFT Nifty was trading 0.53% or 128.50 points lower at 24,225.00 as of 6:40 a.m.

  • UK: CBI Realized Sales — 4:30 p.m.

  • US: HPI — 7:30 p.m.

  • US: The Confenrence Board Consumer Confidence — 8:30 p.m.

  • US: New Home Sales — 8:30 p.m.

  • UK: Bank of England Chief Economist Huw Pill will give testimony before Economic Affairs Committee — 8:30 p.m.

  • US: Federal Open Market Committee meeting minutes — 12:30 a.m.

  • Australia: CPI — 6:00 a.m.

  • New Zealand: Reserve Bank of New Zealand Policy Meet Outcome — 6:30 a.m.

  • New Zealand: RBNZ Press Conference — 7:30 a.m.

  • Germany: GfK Consumer Climate — 12:30 p.m.

At 3:29 p.m., futures contract of Dow Jones, S&P 500, and Nasdaq 100 traded flat.

Market breadth was skewed in the favour of buyers. Around 2,288 shares rose, 1,634 fell, and 109 remained unchanged on the BSE.

  • The NSE Nifty 50 and BSE Sensex snapped its two–session rally on Tuesday

  • Both the Nifty 50 and Sensex ended 0.12% lower.

  • The NSE Nifty IT index scaled a fresh high for second day in a row. It ended 0.96% higher to become the top performing sector.

  • The NSE Nifty Auto index ended 1.07% down to become the worst performing sector.

  • The NSE Nifty Midcap 150 ended 0.05% higher at 20,736.80.

  • The NSE Nifty Smallcap 250 ended 0.65% higher at 17,382.30.

Vodafone Idea Ltd. has clarified that it has not yet received any communication from the Department of Telecommunications regarding the bank guarantee. The company also addressed reports stating that the Union Cabinet has approved a waiver of bank guarantees for telecom operators, according to an exchange filing.

Angel One Ltd. has obtained a license from the Securities Exchange Board of India to commence its mutual fund business and will focus exclusively on passive investment solutions, according to an exchange filing.

  • The first phase will see a capacity of 1.6 GW

  • Capacity will be increased to 3GW and later to 5GW

  • Company investing $80 million in first phase

  • Facility will complement exports from India

  • Alert: Waaree Energies got listed earlier this month

    Source: people in the know

Akum Drugs & Pharmaceuticals Ltd. has entered into an exclusive master sales agreement with South Korea-based Caregen, granting it exclusive rights to sell certain Caregen product ranges in India for the duration of the pact, according to an exchange filing.

Waaree Energies Ltd. has secured an order for the supply of solar PV modules with a total capacity of up to 600 MWp, as per an exchange filing.

Astrazeneca Pharma has received Central Drugs Standard Control Organisation nod for import for sale, distribution for additional indication of Olaparib tablets, an exchange filing said.

HCLTech Ltd. launched Enterprise Data Security Service In Collaboration wiith Intel, said the company in an exchange filing.

NTPC Green Energy IPO: Check Listing Date, Latest GMP And More Ahead Of Share Debut On NSE, BSE

Acme Solar Share Price Falls As Q2 Net Profit Down 60%

L&T Finance Ltd. has entered into an agreement with Amazon India for providing credit solutions, according to an exchange filing.

Maruti Suzuki On Track To Export 8 Lakh Cars A Fiscal By End Of This Decade

Krystal Integrated Services Ltd. has received a work order worth Rs 106 crore from the Brihanmumbai Municipal Corporation, according to an exchange filing.

Hyundai Motor India Ltd. has received a show cause notice for Rs 4.7 crore from the Maharashtra State Tax Authority, alleging that it claimed excess Input Tax Credit, the company said in an exchange filing.

Tata Consultancy Services Ltd. has expanded its partnership with SPARSH, India's pension system for defence personnel, for an additional three years, the company said in an exchange filing.

Bank Guarantees Waiver For Telecom Companies Gets Government Approval

UBS Bites Into Swiggy: Sees Growth In Food Delivery, Quick Commerce

Suraksha Diagnostic Sets Price Band For Rs 846-Crore IPO

IndiGo Share Price Rises Following Codeshare Partnership Announcement With Japan Airlines

Cochin Shipyards, Bharat Electronics And Other Defence Stocks Take Flight As JPMorgan Sectorally Bullish

Vodafone Idea Share Price Jumps Over 18% As Government Waives Bank Guarantee

Market breadth was skewed in favour of buyers. Around 2,089 stocks advanced, 695 stocks declined, and 97 stocks remained unchanged on BSE.

At pre–open, the NSE Nifty 50 was 121.40 points or 0.50% higher at 24,343.30, and the BSE Sensex was 0.38% higher at 80,415.47.

Rupee opened flat at 84.27 against the US dollar. It closed at 84.28 on Monday, according to data on Bloomberg.

Crude oil future prices recovered on Tuesday as investors turned wary that the Organization of Petroleum Exporting Countries and its allies may decide to keep output cuts in place till Jan.

Reuters reported that Azerbaijan's Energy Minister Parviz Shahbazov said that the OPEC is likely to mull to keep their output cuts in place.

Brent crude was trading 0.19% higher at $73.15 a barrel as of 08:27 a.m. The price settled 2.87% lower at $73.01 a barrel on Monday on news that a ceasefire between Israel and Hezbollah may happen soon.

The dollar index and US Treasury yields rose in early trade on Tuesday after US President–elect Donald Trump said that the country will impose 10% tariff on Chinese goods and 25% levies on import from Mexico and Canada.

The dollar index, which measures the strength of the greenback against six major currencies, was trading 0.43% higher at 107.27 as of 08:22 a.m.

The benchmark yield on the US 10–year treasury note was trading 0.18% higher at 4.28% as of 08:23 a.m.

On Monday, the dollar index and US Treasury yields declined as traders became hopeful Trump's choice, Scott Bessent will give importance to market and economic stability.

Gold Prices Dip After Rebound

Zen Technologies Ltd. announced grant of Indian patent for 'T90 Containerized Crew Gunnery Simulator', the company said in an exchange filing.

  • Citi Research Rate L&T Finance a 'Buy'

  • Rate buy with price target of Rs 221, which implied a 56% upside

  • Digital Transformation to Be Future Ready

  • Disbursements moderated to Rs 1,500 crore in Oct.

  • Rural distress in a few pockets, otherwise green shoots are visible

  • Picked up execution in last 18 months, retail portfolio grew by 38%

Asian Stocks Slip As Trump Jolts Market With New Tariff Threats

US stocks closed higher with the S&P 500 hitting fresh high as traders bet Donald Trump's pick for Treasury Secretary will prioritise market stability. Trump picked Scott Bessent, a hedge–fund manager for the role, Bloomberg reported.

The Dow Jones Industrial Average and S&P 500 ended 0.99% and 0.30% higher, respectively. The Nasdaq Composite ended 0.27% higher on Monday.

Sensex, Nifty Rally Nearly 4% In Two Sessions To Recoup November Losses: Market Wrap

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