KEY HIGHLIGHTS
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US Futures Decline As Risk Off Sentiment Rise After Ukraine Strikes Russia With Western Weapons
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Nifty, Sensex Give Up Gains In Last Hour As Ukraine Carries Out Deep Strikes Inside Russia: Market Wrap
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Rupee Weakens To Record Closing Low Against US Dollar
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Market At Close
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Stock Market Live: India's 1.5 Lakh Crore Buy–On–Dips Investment Yet To Yield Return
Economic Data Releases And Events For Nov 19
US: Building Permits — 7:00 p.m.
US: Housing Starts — 7:00 p.m.
US: Federal Reserve Bank of Kansas City President Jeffrey Schmid will speak at the Greater Omaha Chamber — 11:40 p.m.
US Futures Decline As Risk Off Sentiment Rise After Ukraine Strikes Russia With Western Weapons
US futures declined as risk–off sentiment rose after Ukraine striked deep inside Russia with non–nuclear western weapons. News report said that this could lead to retaliation from the Russia with nuclear weapon.
As of 3:33 p.m., futures contract of both S&P 500 and Nasdaq 100 traded 0.5% lower while that of Down Jones fell by 0.6%.
Nifty, Sensex Give Up Gains In Last Hour As Ukraine Carries Out Deep Strikes Inside Russia: Market Wrap
The Indian benchmark gave up most gains in the last leg of the trade as risk sentiment plunged after Ukraine carried out strikes deep inside Russia with western non–nuclear missiles. The risk sentiment were affected on concerns that Ukraine's this strike with western weapons may lead to nuclear response by the Russia, the Guardian reported citing Tass.
Despite giving up gains, the NSE Nifty 50 snapped a seven–day losing streak. The BSE Sensex reversed a four–day loss. The Nifty 50 ended 64.70 points or 0.28% higher at 23,518.50. The Sensex ended 239.38 points or 0.31% higher at 77,578.38.
Indian financial markets are closed on Wednesday for Maharashtra State Assembly Election.
Earlier in the day, the Nifty 50 rose 1.39% to 23,780.65, and the Sensex rose 1.44% to 78,451.65. Both the indices posted their biggest intraday gains since Sept 20.
Broad–based gains across emerging asset class following a decline in US Treasury yields and the dollar index also supported upward trajectory of Indian benchmarks.
The NSE India Volatility Index plunged 16.05% to 12.73, the lowest level since Oct 24. It ended 3.23% higher at 15.66.
The Sensex ended 0.30% higher at 77,570.04.
The Sensex ended 0.30% higher at 77,570.04.
The Nifty 50 ended 0.28% higher at 23,518.50.
The Nifty 50 ended 0.28% higher at 23,518.50.
Despite a strong opening, the Index was unable to hold its higher levels as a steep correction was seen in the IT and Mid/Smallcap counters which pulled the Index lower to 23,350, said Aditya Gaggar, director, Progressive Shares. However, a strong uptick in the Metal, select FMCG and PSU Banking stocks supported the Index to turn green but another round of selling dragged the Index lower to settle the trade at 23,453.80 with a loss of 78.90 points. The disparity was seen in the Broader markets where Midcaps outperformed while Smallcap underperformed the Frontline Index.
With a bearish Marubozu candlestick pattern, the Index decisively closed below the 200–day simple moving average which provides a negative picture but to confirm the breakdown, we will wait for at least 1 or 2 trading sessions. Today's low is crucial and considered as immediate support: 23,350 while the first hurdle is placed at 23,600. A break on either sides will open the door for another 250-300 points, Gaggar said.
The Nifty Bank ended 0.52% higher at 50,626.50.
The Nifty Bank ended 0.52% higher at 50,626.50.
HDFC Bank Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., Sun Pharmaceutical Industries Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.
Reliance Industries Ltd., ICICI Bank Ltd., State Bank of India, Larsen & Toubro Ltd., and Bharti Airtel Ltd. limited gains in the index.
Top contribution to the Nifty 50 index.
Top contribution to the Nifty 50 index.
On NSE, eight sectors ended higher, and four declined out of 12. The NSE Metal declined the most, and the NSE Nifty Media rose the most.
Most sectoral indices end higher on Nov 19.
Most sectoral indices end higher on Nov 19.
Broader indices outperformed. Both BSE Midcap and BSE Smallcap closed 0.9% higher.
Three of the 21 sectoral indices on the BSE fell and 18 ended in the green. BSE Realty rose the most.
Market breadth was skewed in the favour of buyers. Around 2,313 stock rose, 1,649 declined, and 97 remained unchanged on the BSE.
Rupee Weakens To Record Closing Low Against US Dollar
Rupee weakened by 2 paise to end at record closing low of 84.41 against US Dollar. It closed at 84.39 on Monday, according to data on Bloomberg.
The India rupee ended at the record closing low of 84.42 on November 19
The India rupee ended at the record closing low of 84.42 on November 19
Market At Close
The NSE Nifty 50 snapped the worst losing streak in over 20 months —seven–day fall— on Tuesday. The BSE Sensex snapped a four–day losing streak.
The Nifty 50 and Sensex had the best session since Sept 20 in terms of intraday gains.
Mahindra & Mahindra Ltd., Tech Mahindra Ltd., and HDFC Bank Ltd. were top gainers in the Nifty 50 index.
SBI Life Insurance Co., Hindalco Industries Ltd., and Reliance Industries Ltd. were top loser in the index.
The NSE Nifty Metal was the top performing sectoral index, and the NSE Nifty Media was the worst performing sectoral index.
The NSE Nifty Midcap 150 ended 1.02% higher at 20,273.65.
The NSE Nifty Smallcap 250 ended 1.10% higher at 16,876.15.
Europe FX Update: Euro Declines Against US Dollar Before CPI
The euro declined against the US dollar as the greenback erased losses from previous session. Market participant await the headline inflation numbers for October from the region, which will be published at 3:30 p.m.
The euro was down 0.56% to 1.0539 a dollar as of 2:24 p.m., and the pound sterling was down 0.33% down at 1.2636 a dollar.
Stock Market Today: Bharat Forge Negotiating Contract With Defense Ministry
Bharat Forge Ltd. is in contract negotiation with the Defence Ministry for the Advanced Towed Artillery Gun System, the company said in an exchange filing.
Stock Market Today: Man Industries To Consider Sale Unit's Asset
Man Industries (India) Ltd.'s board will consider sale of asset of unit on November 21, it said in an exchange filing.
Europe Market Update: Mixed; CPI Data In Focus
European share indices were trading on a mixed note on Tuesday as market participants await eurozone CPI data for October. The data will be published on 3:30 p.m.
LTIMindtree Extends Pact Nexi Group
LTIMindtree Ltd. extended pact with Europe's Nexi Group for IT solutions, it said in an exchange filing.
Stock Market Today: IRFC, BHEL, Other PSU Stocks Surge On Revised Guidelines
Several public sector undertakings saw an uptick in stock prices on Tuesday following the finance ministry's announcement of revised norms for dividend payouts, share buybacks, and stock splits. Read more here.
Stock Market Live: Rupee Weakens To Record Low Against US Dollar
Rupee fell 3 paise to a record low of 84.42 against the US dollar. It closed at 84.39 on Monday, according to data on Bloomberg.
Stock Market Today: Unicommerce Esolution Expands Partnership With Sugar Cosmetics
Unicommerce Esolution Ltd. has expanded its partnership with Sugar Cosmetics to offer retail operation solutions, according to an exchange filing.
IndiGo Share Price Gains As Goldman Sachs Upgrades Target Price
InterGlobe Aviation Ltd., IndiGo's parent company, saw an over 3% increase in its share price on Tuesday after Goldman Sachs upgraded the target price of the stock.
InterGlobe Aviation shares rose over 3% on Nov 19
InterGlobe Aviation shares rose over 3% on Nov 19
Stock Market Today: Godawari Power Will Buy Stakes In Jammu Pigments
Godawari Power And Ispat Ltd. will buy stakes to acquire a 51% stake in Jammu Pigments Ltd. for Rs 255 crore and cancels the proposed transaction for acquiring a 74% stake in the Jammu Pigments unit, RG Pigments, the company said in an exchange filing.
Godawari Power And Ispat share price rose 0.80% to Rs 188.57 apiece.
Godawari Power And Ispat share price rose 0.80% to Rs 188.57 apiece.
Stock Market Live: Akums Drugs And Pharmaceuticals Buys Right To Sell Caregen Products In India
Akums Drugs and Pharmaceuticals Ltd. has acquired exclusive rights to sell certain Caregen products in India, the company said in an exchange filing.
Stock Market Live: India VIX Pare Losses
The NSE India Volatility Index plunged 16.05% to 12.73, the lowest level since Oct 24. It pared losses to trade 5.79% lower at 14.29 as of 12:31 p.m.
The India VIX was trading 5.75% lower at 14.29.
The India VIX was trading 5.75% lower at 14.29.
Stock Market Today: NBCC India Gets Orders Worth Rs 112 Crore
NBCC (India) Ltd. has received multiple orders worth Rs 112 crore, according to an exchange filing.
Stock Market Live: PG Electroplast Share Price At Life High After Sipro Mobility Deal
Shares of PG Electroplast rose over 15% on Tuesday, after the integrated EMS player signed a definitive agreement with Spiro Mobility, an affordable electric two-wheeler company based in Africa.
PG Electroplast Ltd. rose 9.50% to Rs 683.60 apiece as of 12:20 p.m.
PG Electroplast Ltd. rose 9.50% to Rs 683.60 apiece as of 12:20 p.m.
Stock Market Today: Axis Bank, KIMS Make To HSBC'S Asia Pick List
In its latest report on the investment outlook for Asia in 2025, HSBC has highlighted two Indian stocks—KIMS and Axis Bank—as part of its top stock picks for the year ahead. Read more here.
IPO Update: NTPC Green Energy IPO Subscribed 15% So Far On Day One
The IPO was subscribed 0.15 times, or 15%, as of 11:42 a.m. on Tuesday.
Qualified institutional buyers: Nil.
Non-institutional investors: 0.06 times, or 6%.
Retail investors: 0.64 times, or 64%.
Portion reserved for employees: 0.08 times, or 8%.
Portion reserved for shareholders: 0.26 times, 26%.
Stock Market Today: Havells India To Set Up Manufacturing Unit In Rajasthan
Havells India Ltd. is to set up refrigerator manufacturing unit in Rajasthan with an investment of Rs 480 crore. The unit will have a production capacity of 14 lakh units, the company said in an exchange filing.
Stock Market Live: Zee Entertainment Share Price Records Best Jump In Nearly 3 Months
Zee Entertainment's share price recorded its best jump since August 27 after Punit Goenka resigned as managing director of the company. But, he will continue to hold the position of CEO and shall entirely focus on his operational responsibilities, an exchange filing by the company said Monday.
Zee Entertainment Enterprises share price rose 7.70% to Rs 125.40 apiece.
Zee Entertainment Enterprises share price rose 7.70% to Rs 125.40 apiece.
Stock Market Today: Shilpa Medicare Gets Approval For Nifedipine API In Europe
Shilpa Medicare received Europe Regulator's Certificate Of Suitability For Nifedipine active pharmaceutical ingredient, it said in an exchange filing.
Stock Market Live: DCM Shriram Increases Capacity At UP Sugar Plant
DCM Shriram Ltd. increased capacity at Uttar Pradesh sugar plant by 2,100 tonnes of cane crushed per day, it said in an exchange filing.
Stock Market Today: Suzlon Energy Share Price Hits 5% Upper Circuit
Shares of Suzlon Energy Ltd. surged to hit a 5% upper circuit on Tuesday after Morgan Stanley upgraded the stock to 'overweight', citing recent stock correction and growth opportunity in wind original equipment manufacturer.
Stock Market Today: TVS Motor Launches New Apache RTR
TVS Motor Co. launched new Apache RTR 160 priced at Rs 1.4 lakh ex-Showroom, it said in an exchange filing.
Stock Market Live: Indraprastha, Mahanagar Gas Share Prices Extend Fall
Shares of city gas distributors Indraprastha Gas Ltd., Mahanagar Gas Ltd., and Gujarat Gas Ltd. continued their declines on Tuesday, as more brokerages downgraded the stock's rating and cut target prices.
Indraprastha Gas Ltd. was 0.05% higher at Rs 325.20 apiece.
Indraprastha Gas Ltd. was 0.05% higher at Rs 325.20 apiece.
Mahanagar Gas Ltd. was flat at Rs 1,130.05 apiece.
Mahanagar Gas Ltd. was flat at Rs 1,130.05 apiece.
Stock Market Live: Waaree Energies Share Price Falls Over 6% Despite Positive Earnings
Waaree Energies Ltd. share price fell over 6% on Tuesday despite positive result for second quarter as the company's topline remained flat.
Waaree Energies down 4.32% to Rs 2,980 apiece.
Waaree Energies down 4.32% to Rs 2,980 apiece.
Stock Market Today: Honasa Consumer Continues To Hit Fresh Lows
Honasa Consumer Ltd. share price continued its steep fall on Tuesday. The stock hit record low for a second day in a row. It fell as much as 18.47% to Rs 255.25 apiece, which is the lowest level so far. It pared losses to trade 13.91% down at Rs 255.90 apiece as of 09:34 a.m., as compared to 0.93% advance on NSE Nifty 50 index.
Honasa Consumer Ltd. share price fell 13.91% down at Rs 255.90 apiece
Honasa Consumer Ltd. share price fell 13.91% down at Rs 255.90 apiece
Stock Market Live: Nifty, Sensex Open Higher As Infosys, ICICI Bank Share Prices Lead
The NSE Nifty 50 and BSE Sensex opened higher for second day in a row on Tuesday as Infosys Ltd. and ICICI Bank Ltd. share prices lead. As of 09:17 a.m., the Nifty 50 was 139.25 points or 0.59% higher at 23,593.05, and the Sensex was 462.07 points or 0.60% higher at 77,801.08.
Gains across Asia–Pacific markets also supported the Indian benchmarks.
"In the domestic market, the gradual easing of Foreign Institutional Investors' selling pressure, a favorable risk-reward ratio after a 10% correction in the Nifty from its peak, attractive valuations, and strong domestic growth prospects are all expected to support positive sentiment. Yesterday, the Nifty closed below its 200-day moving average for the first time in 19 months, but a bounce back is anticipated, providing a good entry point after the sharp correction. The market may remain range-bound today due to tomorrow's holiday in observance of the Maharashtra State Assembly Elections," said Vikas Jain, head, research at Reliance Securities.
The Sensex was 0.39% higher at 77,637.32.
The Sensex was 0.39% higher at 77,637.32.
The Nifty 50 was 0.44% higher at 23,556.80.
The Nifty 50 was 0.44% higher at 23,556.80.
The Nifty Bank was 0.33% higher at 50,527.50.
The Nifty Bank was 0.33% higher at 50,527.50.
Infosys Ltd., Reliance Industries Ltd., HDFC Bank Ltd., NTPC Ltd., and Mahindra & Mahindra Ltd. added to the index.
Sun Pharmaceutical Industries Ltd., Axis Bank Ltd., SBI Life Insurance Co. Ltd., Shriram Finance Ltd., and Hindustan Unilever Ltd. limited gains in the index.
Top contribution to the Nifty 50 index.
Top contribution to the Nifty 50 index.
On NSE, 11 sectors advanced and one declined out of 12. The NSE Nifty Media advanced the most and NSE Nifty Pharma declined the most.
Most sectoral indices opened higher on Tuesday.
Most sectoral indices opened higher on Tuesday.
The BSE Midcap rose 0.77% and the BSE Smallcap rose 1.35%.
On BSE, 21 sectoral indices were trading higher during open. The BSE Services rose the most, and the BSE Bankex declined the most.
Market breadth was skewed in favour of buyers. Around 2,411 stocks advanced, 475 stocks declined, and 79 stocks remained unchanged on BSE.
Stock Market Today: Nifty, Sensex Higher At Pre–Open
At pre–open, the NSE Nifty 50 was 0.32% higher at 23,529.55, and the BSE Sensex was 0.27% higher at 77,548.00.
Stock Market Live: Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.85%. It closed at 6.85% on Monday, according to data on Bloomberg.
Stock Market Live Updates: Rupee Opens Flat Against US Dollar
The rupee opened flat at 84.40 against the US dollar. It closed at 84.39 on Monday, according to data on Bloomberg.
Also Read: Rupee Closes At Record Low Against US Dollar
Stock Market Live: Morgan Stanley Upgrades Suzlon Energy To Overweight
Morgan Stanley upgrades Suzlon Energy to Overweight, and cut target to Rs 71 vs Rs 78 earlier. The current target price implied a 20% upside
Stock's steep 35% correction from 52 week high offers an opportunity
Strong factors: Business moat, large 5.1 GW backlog
Expect company's market share to rise to 35–40% by FY27 vs 25% in FY24
Sales volume for financial year 2025 is estimated to fall to 1.3GW vs 1.5GW earlier
F25-27 total sales volumes estimate unchanged at 7.15GW
Retains FY26/27 margin estimates at 10%/12%
Key risks: Capacity addition delays, higher opex, higher competition
Stock Market Live: India's 1.5 Lakh Crore Buy–On–Dips Investment Yet To Yield Return
Domestic institutions and retail investors are yet to yield any return from the never-seen-before levels of buying on dips. The strategy—deployed to maximise returns—has been a pain so far, especially for new investors lured by a record rally in the first half of the year.
Domestic institutions have mopped stocks worth nearly Rs 1.5 lakh crore since Sept. 27 while global funds during the same period have sold over Rs 1.55 lakh crore—a record in terms of streak and magnitude. Till Nov. 13, retail investors had infused over Rs 35,500 crore into Indian equities, NSE data showed.
Stock Market Today: Nomura Downgrades IGL & MGL
Nomura Downgrades Indraprastha Gas Ltd. to 'Reduce', and keeps 'Reduce' on Mahanagar Gas Ltd.
Brokerage cuts IGL's target to Rs 340 (4.5% upside)
Brokerage cuts MGL's target to Rs1130 (no upside/downside)
Ratings and targets reduced due to lower domestic gas allocation
CGDs to face double whammy of lower margins, volume growth
Expect IGL/MGL to raise CNG prices by Rs 8-9/Rs 9-10 per kg
Expect triple whammy to be in store if PNGRB declares GAs as common carriers
Oil Future Prices Steady In Asia Trade
Oil future prices steadied in Asia trade after posting the biggest gain in five weeks, Bloomberg reported. It was trading 0.04% higher at $73.33 a barrel as of 08:14 a.m.
Crude oil future prices rose as concerns increased over the commodity's supply outlook after production at the east–Europe's largest oilfield, Sverdrup halted because of an onshore power outage, Reuters reported.
Moreover, a decline in the US dollar prompted traders to stock up the commodity, which added to rise in prices. A decline in the greenback make the commodity cheap for other currency holders.
Asia FX Update: Currencies Gain As Dollar Index Retreats From One–Year High
Most currencies in Asia rose against the greenback as the dollar index started to retreat from over one–year high. The Japanese yen was trading 0.34% higher at 154.14 as of 08:15 a.m. The offshore Chinese yuan was trading 0.15% higher at 7.2381.
The dollar index, which measures the strength of the greenback against six major currencies, snapped a six–day gaining streak to end 0.39% down at 106.28 on Monday. It was trading 0.06% down at 106.21 as of 8:10 a.m.
Gold Prices Snap Six–Day Losing Streak
Gold spot and future prices snapped a six–day losing streak overnight as the dollar index and US treasury yields eased from their recent highs. In Asia session, the bullion extended gains to a second day.
The Bloomberg spot gold was trading 0.36% higher at $2,621.29 an ounce as of 08:4 a.m. The December future contract of the bullion was trading 0.31% higher at $2,622.80.
Yield On US 10–Year Treasury Note Little Changed
The yield on the US 10–year treasury note was trading flat with negative bias on Tuesday as concerns of likely impact of tax cuts and tariff hikes by the Donald Trump administration weighed.
The yield on the benchmark US 10–year treasury note was trading flat at 4.41%. It declined 3 basis points to 4.41% on Monday.
Asia Market Update: Share Indices Gain Tracking Wall Street; China Investors' Summit In Focus
Asia–Pacific share indices gained, tracking overnight moves on Wall Street. Market participants look forward to China's policymakers' speak at the investors' summit.
The CSI 300 was 0.32% higher at 3,963.03, and the Nikkei 225 was 0.39% higher at 38,370.70. The S&P ASX 200 was 1.11% higher at 8,392.10 as of 07:45 a.m.
Stock Market Today: Citi Research On Indus Towers
Maintain buy, target: Rs485, upside 50.5%
Opens a 90D Positive Short-term View.
Stocks corrected by 28% since announcing buyback
Positive points:
Upcoming pickup in tenancies from Voda Idea starting 3QFY25E
Acceleration in recovery of past dues from VI
Declining capex aiding FCF generation;
Improving visibility of dividend reinstatement by 4QFY25E.
US Market Update: Most Stocks End Higher
Most US stock indices ended higher on Monday as treasuries declined, Bloomberg reported. Market participants await earning reports from Nvidia Corp, scheduled for release this week.
The Dow Jones Industrial Average ended 0.13% lower at 43,389.60. The S&P 500 ended 0.39% higher at 5,893.62. The Nasdaq Composite ended 0.60% higher at 18,791.81.
GIFT Nifty Near 23,500; ONGC, Reliance Power, Zee Entertainment Share Prices In Focus
The GIFT Nifty was trading near 23,500 in early trade on Tuesday. Oil and Natural Gas Corp Ltd., Reliance Power Ltd., and Zee Entertainment Enterprises Ltd. share prices are likely to react.
The GIFT Nifty was trading 0.03%, or 6.50 points, higher at 23,531.50 as of 06:38 a.m.
Benchmark equity indices extended their fall for another session with the Nifty marking it's longest losing streak — eight sessions — since Feb. 28, 2023 and Sensex recording a fourth session of decline.
Nifty ended 0.3% or 78.9 points lower at 23,453.80 and the Sensex ended 0.3% or 241.3 points lower at 77,339.01.
"With Q2 earning season coming to a close and FII selling continuing, we expect Nifty to consolidate within a broad range due to the absence of any positive trigger, said Siddhartha Khemka, head, research, wealth management, Motilal Oswal Financial Services.
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