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Indian equity benchmarks ended lower for the second consecutive trading session ahead of F&O expiry, led by the declines in Reliance Industries Ltd., HDFC Ltd. and HDFC Bank Ltd.
The S&P BSE Sensex fell 0.44 percent to close at 41,461.26 and the NSE Nifty 50 fell 0.39 percent to end at 12,214.55. The broader markets represented by the NSE Nifty 500 Index fell 0.3 percent.
The markets will remain shut on Wednesday on account of Christmas Day.
The market breadth was tilted in favour of sellers. About 964 stocks declined and 813 shares advanced on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty IT Index’s 0.55 percent decline. On the flipside, the NSE Nifty Metal Index was the top sectoral gainer, up 0.62 percent.
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Shares of India Nippon Electricals rose as much as 7.2 percent to Rs 320.35.
About 13 percent equity changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Of the shares traded, 40 percent were at the ask price and 27 percent were at the bid, according to Bloomberg data.
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Shares of Ramco Systems rose as much as 15.8 percent to Rs 170, extending gains for the second consecutive trading session.
“Hong Kong Aircraft Engineering Company Ltd. has extended partnership with Ramco Systems to bring the global software specialist’s advanced Aviation solutions to four more business units in Hong Kong, Xiamen and Jinjiang,” according to the company’s exchange filing.
Trading volume was almost eight times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Shares of IFCI halted a two-day losing streak. The stock rose as much as 11.9 percent to Rs 7.05.
The company received Rs 805.60 crore from the stake sale in National Stock Exchange, according to its exchange filing.
The stock returned 4.6 percent in the past five days and 6.8 percent in the past 30 days, Bloomberg data showed.
U.S. and European stock futures were little changed after a muted Christmas Eve session in Asia Tuesday, with trading diminishing at the end of a year that took a global benchmark to successive record highs.
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Source: Bloomberg
Indian equity benchmarks traded marginally lower after fluctuating between gains and losses in the morning trade.
The S&P BSE Sensex fell 0.1 percent to 41,595 and the SNE Nifty 50 fell 0.09 percent to 12,251. The broader markets represented by the NSE Nifty 500 Index fell 0.08 percent.
Shares of Dishman Carbogen Amcis extended declined for the sixth consecutive trading session. The stock touched a lower circuit of 20 percent to hit a new all-time low at Rs 72.10.
The Income Tax department visited company’s head offices and manufacturing sites conducting a search enquiry on Dec. 19 and the search enquiry is continuing. The company said that no impact on its routine operations, according to its stock exchange notification on Dec. 19.
The stock declined 43 percent in six trading sessions. Trading volume was almost 30 times its 20-day average, according to Bloomberg data.
Nifty’s 12,300 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Dec. 26, fell 35.86 percent to Rs 19.50. Over 8.18 lakh shares were added to the open interest which stood at over 37.07 lakh shares.
Shares of IRCTC extended gains for the two consecutive trading session. The stock rose as much as 2.9 percent to Rs 890.
The Indian Railways’ subsidiary signed a memorandum of understanding with Hotel and Restaurant Association of Northern India for listing the association’s member hotels and their room rate inventory for sales on the IRCTC portal. The company has also revised tariff of standard meals on static units over Indian Railways.
Trading volume was more than five times its 20-day average, Bloomberg data showed.
Shares of Reliance Industries fell for the third consecutive trading session. The stock fell as much as 0.49 percent to Rs 1,563.70.
The Delhi High Court has sought details of Reliance Industries Ltd.’s assets after the government petitioned to stop a proposed sale of a minority stake in the company’s oil and chemical business to Saudi Arabian Oil Co., Bloomberg reported quoting people familiar with the matter.
“The court has also directed Reliance’s partner, Royal Dutch Shell Plc’s Indian unit—BG Exploration & Production India—to submit details of assets, the people said, asking not to be identified as the documents aren’t public. The Indian government is fighting arbitration cases over profit sharing and royalty payments with Reliance and its partners,” the report added.
Shares of Chalet Hotels rose as much as 4.2 percent to Rs 355.
The company has entered into a Franchise Agreement with Hyatt India Consultancy for Hyatt Regency Navi Mumbai. The company’s upcoming 260-key hotel will be the first Hyatt Regency branded hotel for the firm. The project is expected to be completed in 2022.
The stock advanced 22 percent in the past 12 months compared to a 17 percent rally in the Sensex.
Shares of NIIT Technologies rose as much as 0.6 percent to Rs 1,588.
The company’s board approved buyback of 19.6 lakh shares at Rs 1,725 per share aggregating to Rs 337.5 crore The company will buyback 3.1 percent of the equity using 20.23 percent of the net worth. Promoters will be participating in the buyback.
Trading volume was 40 times its 20-day average, Bloomberg data showed. Of the shares traded, 47 percent were at the ask price and 30 percent were at the bid, according to Bloomberg data.
Indian equity benchmarks fluctuated between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE nifty 50 traded little changed at 41,650 and 12,266 respectively. The broader markets represented by the NSE Nifty 500 Index rose 0.12 percent.
The market breadth was tilted in favour of buyers. About 858 stocks advanced and 580 shares declined on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Media Index’s 0.44 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.28 percent.
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.23 percent to 41,738.98 during the pre-market trade and the NSE Nifty 50 rose 0.37 percent to 12,333.
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