KEY HIGHLIGHTS
Nifty, Sensex Fall Most In Over Three Weeks; Infosys Top Drager: Market Wrap
The NSE Nifty 50 and BSE Sensex ended at the lowest level since Nov 22 as Infosys Ltd. and HDFC Bank Ltd. share prices dragged. The Indian benchmarks also witnessed steepest intraday fall in over last three weeks.
The Nifty 50 ended 360.75 points or 1.49% down at 23,914.15, and the Sensex ended 1,190.34 points or 1.48% down at 79,043.74.
Moreover sharp losses in technology stocks also pressured the Indian benchmarks. India's technology stocks were trading in red because mixed data from the US created uncertainty over the Federal Reserve's monetary policy going forward. Read more here.
The Nifty 50 declined as much as 1.65% to 23,873.35, the lowest level since Nov 4. The Sensex declined 1.64% to 78,918.92.
Broad weakness across Asia–Pacific markets also weighed on the Indian benchmark indices.
HDFC Bank Ltd. share price rose 1.31% to a record high of Rs 1,836.10 apiece within one hour of Thursday's session. The recent uptick in the stock comes as the bank continues to make strides in both its financial performance and customer outreach.
"Ultimately, the range of 24,140-24,350 is breached but unfortunately on the lower side. After a sudden fall in the opening trade, there was no sign of any reversal and the Index kept on compounding its losses and filled the bullish gap zone to end the session at 23,914.15 with a loss of 360.75 points," said Aditya Gaggar, director, Progressive Shares.
Barring PSU Banks, Media, and Realty all the other sectors settled the trade in red with IT and Auto being the major underperformers. Today's fall was limited to the Index stocks only which resulted in an outperformance by the Mid and Smallcaps segments. On the daily timeframe, Nifty50 has formed a bearish candle but it appears that it is forming a right shoulder of an Inverted Head and Shoulder pattern and a strong close above 24,350 will confirm the pattern breakout. For now, the immediate resistance and support are at 24,140 and 23,760, Gaggar said.
Infosys Ltd., Reliance Industries Ltd., HDFC Bank Ltd. ICICI Bank Ltd., and Mahindra & Mahindra Ltd. weighed on the Nifty 50 index.
State Bank of India, Adani Enterprises Ltd., Shriram Finance Ltd., and Cipla Ltd. limited losses in the Nifty 50 index.
On NSE, nine sectors declined, two advanced, and one remained flat out of 12. The NSE Nifty IT is the worst performing sector, and the NSE Nifty PSU Bank is the best performing sector.
Broader indices outperformed. BSE Midcap ended flat and BSE Smallcap closed 0.4% up.
Four of the 21 sectoral indices on the BSE ended higher and rest fell. BSE Focused IT fell the most.
Market breadth was skewed in the favour of buyers. As many as 2,241 stocks rose, 1,702 stocks declined, and 106 remained unchanged on the BSE.
Rupee Weakens Against US Dollar
Rupee weakened by 4 paise to close at 84.49 against US Dollar. It closed at 84.45 on Wednesday, according to data on Bloomberg.
The India rupee ended 0.04% down at 84.49 a dollar.
The India rupee ended 0.04% down at 84.49 a dollar.
Market At Close
The NSE Nifty 50 and BSE Sensex settled at the lowest level since Nov 22.
The Nifty 50 and Sensex witnessed the steepest fall in over three weeks.
The NSE Nifty IT index declined 2.62% to 42,864.80 during the session. It's the worst performing sector. It ended 2.39% down at 42,968.75.
The NSE Nifty PSU Bank was the best performing sector. It ended 0.93% higher at 6,846.85.
The NSE Nifty Midcap 150 ended flat at 20,839.90.
The NSE Nifty Smallcap 250 ended 0.14% higher at 17,577.85.
Stock Market Today: Mehta Equities' View On Thursday's Steep Fall
“Market tanks sharply on high geopolitical developments escalating news on the Russia-Ukraine war again. As per some social media reports Energy infrastructure is once again targeted by the enemy's massive strike," Ukrainian Energy Minister. Last week markets were coming out of the Lebanon ceasefire, but the closing remarks were a bit hawkish," said Prashanth Tapse, a senior vice president, research, Mehta Equities.
It's an Future & Options expiry day, and such headlines bring a lot of volatility in the market. A technical close below 23,800 would be a make-or-break level for Nifty. I expect markets to trade sideways with negative biased pressure. On the resistance side, 24,350 acts as strong resistance; any close above this can turn the market mood," Tapse said.
Stock Market Today: AU Small Finance In Partnership With Bharti AXA Life Insurance
AU Small Finance Bank Ltd. has entered into a strategic bancassurance partnership with Bharti AXA Life Insurance, the lender said in an exchange filing.
European Markets Advance; Spain's Inflation Rises
European markets advanced while market participants parsed inflation data from Spain. Spain's consumer price index rose 2.4% on the year in November, the fastest pace since August. The inflation data met analysts' expectation in a Bloomberg's survey, as reported by Bloomberg.
Stock Market Today: LIC Clarifies On Reports Of Acquiring Stakes In ManipalCigna
Life Insurance Corp of India clarified on the news that it's acquiring stakes in ManipalCigna. The insurance company is evaluating and exploring various strategic opportunities in sectors like health insurance, but there is no material information that requires disclosure, it said in an exchange filing.
India Rupee Hits Record Low Against US Dollar
The Indian rupee declined 5 paise to a fresh low of 84.5038 against the US Dollar. It closed at 84.4525 a dollar on Wednesday, according to data on Bloomberg.
Stock Market Live: Servotech Power Gets Power Project From UREDA
Servotech Power System Ltd. has received a 5.6 megawatt on-grid rooftop solar power plant project from UREDA, according to an exchange filing.
Stock Market Live: Three Reasons Behind Sensex's Sharp Fall
The benchmark Sensex erased most of the gains it had made throughout the week, experiencing a decline of up to 1.3% during intraday trading on Thursday. Read full article here.
Stock Market Update: Paisalo Digital's FCCB Committee Approves Raising Fund
Paisalo Digital's FCCB Committee has approved raising up to $75 million through the issuance of secured foreign currency convertible bonds, according to an exchange filing.
Stock Market Live Updates: Thomas Cook's Arm Launches Resort In Wayanad
Thomas Cook (India) Ltd.'s arm, Sterling Holiday, has launched the upscale boutique resort, Sterling Lontano Waterfront, in Wayanad, the company said in an exchange filing.
Stock Market Live: GAIL Re–Engages Process To Revive Mangalore's PTA Plant
GAIL(India) Ltd. has re-engaged the process licensor for the revival of the PTA manufacturing plant in Mangalore, according to an exchange filing.
Nifty IT Index Falls Over 2% As Technology Stocks Fall On US Rate Cut Concern
The NSE Nifty IT declined as much as 2.28% to 43,014.60 as Infosys Ltd. and Tata Consultancy Services Ltd. dragged. The index was trading 2.12% down at 43,088.15 as of 12:10 p.m., as compared to 0.88% decline in the NSE Nifty 50 index.
India's technology stocks were trading in red because mixed data from the US created uncertainty over the Federal Reserve's monetary policy going forward. Read more here.
Stock Market Today: HUDCO Share Price Jumps To Nearly Two–Month High As It Set To Develop Land In Noida With NBCC
Housing and Urban Development Corporation Ltd. share price rose to the highest level nearly two months as the company signed a memorandum of understanding with the NBCC(India) Ltd. to develop a land parcel in Noida. The land parcel is 10 acres in which HUDCO intends to develop a institutional complex of 8.71 lakh square feet.
Infosys Share Price Falls Over 3%
Infosys Ltd. share price declined 3.05% to Rs 1,865.75 apiece, the lowest level since Nov 22. It's the top dragger in the benchmark Nifty 50 index. It deducted over 42 points from the index as of 11:44 a.m.
Stock Market Today: NTPC Green Energy Starts To Operate First Part Capacity At Shajapur Solar Project
NTPC Green Energy Ltd. has announced the commercial operation of the first part capacity of 55 megawatt at the Shajapur Solar Project, the company said in an exchange filing.
Stock Market Live Updates: Ajmera Realty Repays Rs 100 Crore Corporate Debt
Ajmera Realty & Infra India Ltd. has repaid a corporate debt of Rs 100 crore through a recent equity offering, as stated in an exchange filing.
Stock Market Today: Tilaknagar Industries Launches Monarch Legacy
Tilaknagar Industries has launched the Monarch Legacy Edition as part of its foray into the luxury brand segment, the company said in an exchange filing.
Stock Market Live: TCS In Pact With IIT KGP To Launch Advance Research Centre
Tata Consultancy Services Ltd. has entered into a partnership with IIT KGP to launch an advanced research centre focused on innovation in digital health, robotics, and intelligent systems, the company said in an exchange filing.
Stock Market Today: Indian Benchmarks Decline Sharply
One and half hour after a muted open, the NSE Nifty 50 and BSE Sensex declined sharply. "For short term, 241,00-24,000/79,400-79,000 would be the key supports zones while 24,400/80,500 and 24,500/80900 could be the profit booking areas for the bulls. However, below 24,000/79,000 traders may prefer to exit out from the trading long positions," said Shrikant Chouhan, head, equity research, Kotak Securities.
Stock Market Live: Cochin Shipyard Share Price Locked In Upper Circuit
Cochin Shipyard's share price was locked in its upper circuit limit on Thursday, continuing its gains for a fifth consecutive session to add nearly 22% during this rally and hit its highest level since Oct. 18.
Stock Market Today: BEML Share Price Rise As It Wins Rs 2,500-Crore Order From Chennai Metro
Shares of Indian Railway transportation company, BEML Ltd., rose over 3% on Thursday after it bagged a contract worth Rs 2,501 crore from Chennai Metro Rail Ltd.
Adani Group Stocks Continue To Rise Sharply; Adani Green Energy & Adani Energy Solutions Locked In Upper Circuit
Most Adani group stocks extended recovery for a second consecutive session and the group's market-cap rose as much as Rs 68,091 crore to Rs 13.25 lakh crore as of 10:17 a.m.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
NDTV Profit Exclusive: SEBI May Introduce Stricter Rules For Brokers & Sub Brokers To Face Default Liabilities
The Securities and Exchange Board of India is preparing a proposal of stricter eligibility norms for Authorized Persons, who operate on behalf of brokers. The upcoming regulations will impose increased liability on brokers for defaults made by their sub-brokers, according to people familiar with the matter.
Stock Market Today: Paytm Share Price Hits 52-Week High
Shares of Paytm-parent One97 Communications Ltd. hit a 52-week high on Thursday as UBS, which maintains a 'neutral' rating on the scrip, significantly hiked its target price from Rs 490 to Rs 1,000, marking a 9% potential upside from the stock's closing level on Wednesday.
Stock Market Live: Ola Electric Mobility Share Price Jumps Over 6%
Ola Electric Mobility Ltd. share price rose 6.24% to Rs 93.60 apiece. It pared gains to trade 4.37% higher at Rs 91.95 apiece as of 09:50 a.m.
Stock Market Today: KEC International Share Price Hits Record High After Securing Order Worth Rs 1,702 Crore
KEC International Ltd. share price rose 7% to a record high of Rs 1,094.70 apiece. The company has secured order worth Rs 1,704 crore for its transmission and distribution category from Power Grid Corp. With these new orders, KEC International's year-to-date order intake has reached Rs 16,300 crore.
Stock Market Today: HDFC Bank Shares Hit All-Time High
Shares of HDFC Bank, India’s largest private sector lender, surged to an all-time high on Thursday, reaching Rs 1,832.70, marking a rise of 1.13%. This follows a strong performance on Wednesday, when the stock gained 1.78%, closing at Rs 1,812.30. The recent uptick in the stock comes as the bank continues to make strides in both its financial performance and customer outreach.
Stock Market Live Updates Today: Rategain Travel's Unit Teams Up With VietJet Thailand
Vietjet Thailand has partnered with AirGain, Rategain Travel Technologies Ltd.'s advanced pricing intelligence platform, to enhance fare precision and strengthen its market leadership. This partnership was announced in an exchange filing on Thursday.
Stock Market Live: Most Adani Group Stocks Advance
Most Adani group stocks extended recovery for a second consecutive session and the group's market-cap rose as much as Rs 55,300 crore
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
Stock Market Today: Nifty, Sensex Open Flat; HDFC Bank, ITC Share Prices Lead
The NSE Nifty 50 and BSE Sensex opened flat. HDFC Bank Ltd. and ITC Ltd. shares contribute the most to the Nifty 50 index. As of 09:17 a.m., the Nifty 50 was trading flat at 24,273.90, and the Sensex was 10.13points or 0.01% higher at 80,244.21.
The Nifty 50 has closed in an inside range of the previous day candle and expect an either side breakout from the range of 24150-24350 levels over the next few days, said Vikas Jain, head, research at Reliance Securities.
The broader positive momentum and consolidation near 24,000 would act as support and trend reversal point and we expect the extension of move to 24,550-24,700 levels. The RSI has witnessed a crossover of its averages on daily charts, and with respect to the monthly expiry we expect volatility in the second half of the session. Highest call OI is at 24,500 strikes while the downside the highest put OI is at 24,000 for the monthly expiry, Jain said.
HDFC Bank Ltd., ITC Ltd., Hindustan Unilever Ltd., Coal India Ltd., and State Bank of India contributed the most to the Nifty 50.
Infosys Ltd., Mahindra & Mahindra Ltd., Reliance Industries Ltd., Kotak Mahindra Ltd., and HCLTech Ltd. dragged the Nifty 50 index.
On NSE, nine sectors advanced, three declined out of 12. The NSE Nifty Auto declined the most, and the NSE Nifty Realty rose the most.
Broader markets outperformed. The BSE Midcap and BSE Smallcap indices were trading 0.24% and 0.59% higher, respectively.
On BSE, 17 sectors advanced and four declined out of 21. The BSE Realty rose the most, and the BSE Focused IT declined the most.
Market breadth was skewed in favour of buyers. Around 2,043 stocks advanced, 793 stocks declined, and 125 stocks remained flat.
Stock Market Live: Nifty, Sensex Flat At Pre–Open
At pre–open, the NSE Nifty 50 was 0.75 points down at 24,274.15, and the BSE Sensex was 0.06% higher at 80,281.64.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.83%. It closed at 6.84% on Wednesday, according to data on Bloomberg.
Rupee Opens Flat Against US Dollar
Rupee opened flat at 84.44 against the US dollar. It closed at 84.45 on Wednesday, according to data on Bloomberg
Stock Market Today: HSBC On Real Estate
The second quarter is slower on lack of inventory vs demand concerns
Approvals remain key to meet FY25 guidance
New land acquisitions necessity to sustain growth momentum
Believes collections and operating cash flows improving gradually
Commentary from industry players suggests healthy demand
Maintain Buy on:
Godrej Properties, TP Rs 3,700 (+30.6% upside)
SOBHA, TP Rs 2,150 (+30.1% upside)
DLF, TP Rs 1,010 (+22.6% upside)
Prestige Estates, TP Rs 1,800 (+10.5% upside)
Maintain Hold on:
Oberoi Realty, TP Rs 2,050 (2.9% upside)
Stock Market Today: CLSA On Star Health & Allied Insurance
Rated Outperform with a target of Rs 590 upside potential 29%
Outperform rating based on its strong market position and operational efficiency.
Dominates Uttar Pradesh’s retail health insurance market with a 50% market share
Has a better-than-average loss ratio in the state.
Smooth processes, fast policy issuance, and strong agent training boosted agent preference.
New "Pratham Hospital Network" to address challenges with hospitals
Cohort-based pricing may ease customer affordability and deter fraud despite challenges.
Stock Market Today: Jefferies On ITC Hotels
Hotel business in focus post demerger in Q4FY25
No.2 player in hotels space considering Rev/EBITDA/room inventory profile
Targets growth from greenfield commissioning in recent yrs
Targets 1 hotel opening a month with management contracts
ITC hotels currently 4% of SOTP Valuation of ITC Ltd, may unlock post listing
HSBC On India Autos: EV or not to EV
India is likely to be multi-powertrain before electrifying
High government subsidies for EVs are currently unsustainable.
Hybrid car emissions are lower than EVs
Despite subsidies, EV market penetration remains low, while hybrids present a more viable decarbonization pathway.
Future emissions norms will significantly influence market dynamics, potentially favoring hybrids
Stock Market Today: Jefferies On Colgate–Palmolive
Rates buy with a target price of Rs. 3,570, which implied a 21% upside.
Last year margins were outlier, now to be range bound
Consumption trends with weakening urban and flattening rural
Oral care per capita opportunity is high
Colgate has initiated an interesting initiative which utilized AI for dental screening
US Money Market Update: Dollar Index & Treasury Yield Steady
The dollar index and US treasury yields steadied in Asian trade on Thursday. Both the safe–haven assets tumbled in the previous session after data from the US painted a confusing picture of the world's largest economy.
US Personal Consumption Expenditure index advanced 2.3% in October from 2.1% in the previous month. US GDP grew 2.8% in three months to September, which is less than what analysts were expecting.
The dollar index was trading 0.05% higher at 106.14, and the benchmark yield on the 10–year US Treasury note was trading flat at 4.26% as of 07:41 a.m.
Stock Market Today: HUDCO & NBCC Share Prices May Move As They Development Project Worth Rs 600 Crore
NBCC (India) Ltd. on Wednesday signed a memorandum of understanding with Housing and Urban Development Corp. for the development of a 10-acre institutional plot in Noida's Sector-62. The tentative cost of the project is Rs 600 crore. Read more.
Asia Market Update: Most Share Indices Rise Post BoK's Rate Cut
Most share indices in Asia–Pacific rose in early trade on Thursday as the Bank of Korea cut interest rate. Uncertainty over the Federal Reserve policy outlook post US PCE data and GDP data also weighed on Asian stocks.
The KOSPI and S&P ASX 200 were trading 0.24% and 0.57% higher, respectively as of 07:17 a.m.
US Market Update: Indices Decline On Losses In Technology Stocks
Most US share indices ended lower, and halted a seven–day rally on Wednesday due to losses on in magnificent seven stocks, Bloomberg reported.
The Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.38% lower, respectively. The Nasdaq Composite ended 0.60% down.
GIFT Nifty Near 24,300; HUDCO, NBCC, Waaree Energies Share Prices In Focus
The GIFT Nifty was trading near 24,300 in early trade on Thursday. Housing & Urban Development Corporation Ltd., NBCC (India) Ltd., and Waaree Energies Ltd. share prices may react.
The GIFT Nifty was trading 0.09% or 22 points down at 24,305.50.
Benchmark equity indices continued to gain after a one-day drop on Tuesday and closed at their highest since Nov. 6, led by gains in HDFC Bank Ltd. and Adani Group shares, which emerged as top Nifty contributors.
The NSE Nifty 50 ended 0.3%, or 82.65 points, up at 24,277.15 and S&P BSE Sensex closed 0.3%, or 238.75 points, higher at 80,242.81
RECOMMENDED FOR YOU
Stock Market Today: Sensex Ends Nearly 300 Points Lower, Nifty Slips 0.4% As Bank, Financial Stocks Weigh
Jul 02, 2025
Stock Market Today: Sensex Ends Over 680 Points Higher; Nifty Extends Gains On Strong Global Cues
Jun 25, 2025
Stock Market Today: Sensex Recoups Nearly 700 Points; Nifty Ends Nearly 1% Higher As HDFC Bank Leads
Jun 16, 2025
Stock Market Today: Nifty Closes 0.74% Lower, Sensex Slips Nearly 650 Points In Third Straight Day Of Decline
Jun 03, 2025
POPULAR