Share Market Today, Share Market Highlights: The benchmark equity indices ended Wednesday’s trading session in the negative territory. The NSE Nifty 50 plunged 302 points or 1.41% to settle at 21,150.15, while the BSE Sensex dropped 930.88 points or 1.30% to 70,506.14. The broader indices ended in red, with fall led by Midcap and Smallcap stocks. Bank Nifty index ended lower by 425.60 points or 0.89% to settle at 47,445.30. Media and PSU banks falls more than 4%, whereas Energy, Realty, and Auto dropped more than 2%. ONGC, Tata Consumer Products, Britannia Industries, and Cipla were the top gainers on the NSE Nifty 50, while the laggards includes Adani Ports and SEZ, Adani Enterprises, Tata Steel, UPL and Coal India. The Indian Volatility Index (India VIX) closed up by 4.20 %.
12:33 (IST) 20 Dec 2023 Nazara Technologies in focus
The shares of Nazara Technologies gains 2.55% to Rs 897.50 in the intra-day trade on Wednesday on the following news that the company announces partnership to publish five innovative games in India.
12:26 (IST) 20 Dec 2023 Mid-day gainers on NSE
ONGC, Tata Consumers, Hero MotoCorp, LTI Mindtree, Wipro are the top gainers on NSE Nify 50 index.
12:03 (IST) 20 Dec 2023 Reliance share in Focus
Reliance share gains over 1.06% to Rs 2585.30 in the intra-day trade on the following news that Jio nearly added 3.84 million mobile subscribers in the month of September.
11:11 (IST) 20 Dec 2023
“India Shelter Limited also made its stock market debut today. The stock witnessed an attractive listing at 618 a premium of around 25% on its listing price.
India Shelter boasts strong fundamentals built on years of experience in the affordable housing market. The company has a diverse portfolio and strong distribution network, catering to the growing demand for quality and affordable homes,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Nyati also said that, Additionally, India Shelter has demonstrated consistent financial performance with a track record of revenue and profit growth.Investors are advised to book this listing gain; however, those who still want to hold it may keep a stop loss at 558.
Also Read: India Shelter Finance makes strong market debut with over 25% premium; Should you invest now ?
10:42 (IST) 20 Dec 2023 Views on DOMS Industies
“DOMS Industries has debuted at Rs. 1405 i.e. 77% above its issue price. Its strong brand, diverse product portfolio, and robust manufacturing position it well for continued growth. Multi-channel distribution and strategic partnerships expand its reach. Doms has demonstrated impressive financial growth in recent years, solidifying its market position and future potential,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Also read: DOMS Industries marks stellar debut on D-street; Lists over 77%, what should you do now?
10:14 (IST) 20 Dec 2023 India Shelter lists in green
India Shelter Finance lists with over 25% premium at Rs 620 on NSE
10:06 (IST) 20 Dec 2023 DOMS share opens in green
DOMS Industries share price opens with 77.2% premium at Rs 1,400 on NSE
09:56 (IST) 20 Dec 2023 Bank Nifty Outlook
“The Bank Nifty index maintained its consolidation phase within a range but needs to close above the crucial level of 48000 to sustain the upward momentum. The lower-end support is positioned at 47800, and a decisive break below this level on a closing basis may trigger additional selling pressure in the market,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
09:44 (IST) 20 Dec 2023 Varun Beverages soars over 17%
The share of Varun Beverages gains over 17% to its new 53-week high of Rs 1,380 in intra-day trade on the following news that the company has acquired South Africa’s Bevco for Rs 1,320 crore.
09:34 (IST) 20 Dec 2023 Top Buzzing stocks
Voltas, Deepak Nitrite, L&T Technology, Birlasoft, and Persistent Systems are the top early gainers on F&O basket.
09:24 (IST) 20 Dec 2023 Technical View
Commenting on the Technical outlook of Rupak De, Senior Technical analyst at LKP Securities, said, Nifty found support just above the 21EMA on the hourly chart, prompting a strong recovery in the latter part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21350 consistently. On the upper side, Nifty is likely to encounter resistance from call writers at 21500. A definitive breakthrough above 21500 could potentially initiate a substantial market rally; until then, consolidation appears probable.
09:15 (IST) 20 Dec 2023 Markets at open
The NSE Nifty 50 opens up by 0.42% to settle at 21,543.50, while the BSE Sensex gains 0.29% to 71,647.66
08:57 (IST) 20 Dec 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 601.5 crore, while domestic institutional investors (DII) bought shares worth net Rs 294.3 crore on December 19, 2023, according to the provisional data available on the NSE.
08:43 (IST) 20 Dec 2023 Crude Oil
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.03% at 102.20.
08:27 (IST) 20 Dec 2023 US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.03% at 102.20.
08:12 (IST) 20 Dec 2023 Wall Street
U.S. equities maintained their upward momentum as bond yields declined following unexpected housing data. Traders are speculating that the Federal Reserve is likely to pursue a gradual economic slowdown strategy, leading to anticipation of rate cuts, reported Bloomberg. The tech-heavy Nasdaq Composite gaied 84.32 points or 0.57% at 14,989.13. The S&P 500 jumped 22 points or 0.46% at 4,762.56, while the Dow Jones Industrial Average ended higher by 197.37 points or 0.53% to 37,503.39.