Share Market Today, Share Market Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 gained 104 points or 0.50% to settle at 21,255.05, while the BSE Sensex jumped 358.79 points or 0.51% to 70,865.10. The broader indices ended in positive territory, with gain led by Midcap and Smallcap stocks. Bank Nifty index ended higher by 394.85 points or 0.83% to settle at 47,840.15. Media and Energy stocks gains amongst the other sectoral indices PSU Banks, Metal and Realty stocks gained more than 1%. Power Grid corporation, BPCL, Britannia Industries, Apollo Hospitals and HDFC Bank were the top gainers on the NSE Nifty 50, while the laggards includes Bajaj Auto, Bajaj Finance, Axis Bank, HCL Technologies, and Cipla. The Indian Volatility Index (India VIX) closed down by 4.79 %.
11:25 (IST) 21 Dec 2023 MOFSL on Azad IPO
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Also Read: Azad IPO opens from December 21, Here is all you need know
11:14 (IST) 21 Dec 2023 Derivative outlook
“Nifty weekly contract has highest open interest at 21500 for Calls and 21000 for Puts while monthly contracts have highest open interest at 21500 for Calls and 21000 for Puts. Highest new OI addition was seen at 21300 for Calls and 20750 for Puts in weekly and at 21600 for Calls and 21600 for Puts in monthly contracts. FIIs increased their future index long position holdings by 10.63%, decreased future index shorts by 2.44% and in index options by 4.04% decrease in Call longs, 28.42% decrease in Call short, 6.94% increase in Put longs and 27.31% decrease in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
11:04 (IST) 21 Dec 2023 Flair Writing Industries in focus
Flair Writing Industries reported a 3.2% sequential increase in net profit, reaching Rs 33.2 crore for the quarter ending September in FY24. The company also experienced a quarter-on-quarter growth in revenue, showing a 4.2% growth to Rs 257 crore. The EBITDA for the quarter reached Rs 53.8 crore, marking a 2.9% increase compared to the previous quarter. However, the margin witnessed a slight dip of 30 basis points, settling at 20.9% in Q2FY24.
10:16 (IST) 21 Dec 2023 Nifty Outlook
“The 21600 objective that had repeatedly found place in this commentary for the last week or so turned out to be the tipping point that triggered a steep slide yesterday. It is difficult to pick a turnaround point now, given the expectation of continuation of yesterday’s downside momentum. However, it is fair to expect a consolidation or a regrouping of bulls once in the vicinity of 14d ema of 20985, or at the 20d sma near 20748. Upside marker may be placed near 21121 a break of which could unfold a mean reversion move towards 21250. This though is likely to be short lived, as the prospects of sub 20k levels will be weighed in the coming days,” said Anand James, Chief Market Strategist at Geojit Financial Services.
10:03 (IST) 21 Dec 2023 Inox India makes robust debut at D-street
The shares of Inox India opens over 44% premium to Rs 949.65 at NSE.
09:58 (IST) 21 Dec 2023 Bank Nifty Outlook
“The Bank Nifty index experienced intense selling pressure, resulting in the formation of a bearish engulfing candle on the daily chart. The immediate resistance for the index is situated at the 47600-47700 zone, and a breakthrough above this level could pave the way for further upside, targeting 48000. However, the overall sentiment remains bearish, suggesting a cautious approach with a preference for selling on any upward movements,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
09:46 (IST) 21 Dec 2023 Ashok Leyland in focus
The company gets 5 billion order for 552 buses from Tamil Nadu. The stock of Ashok Leyland is trading down by 1% to Rs 168 in the intra-day trade on Thursday.
09:38 (IST) 21 Dec 2023 Technical View
Commenting on the Technical outlook of Rupak De, Senior Technical analyst at LKP Securities, said, The Nifty experienced a sharp correction as bearish sentiment persisted. It failed to sustain above 21500, resulting in increased call writing at the 21500 strike, subsequently leading to a significant downturn. At its lowest point, the Nifty dropped just below 21100 before recovering to close above that level. Looking ahead, there might be a consolidation phase for the Nifty in the near term. Resistance is expected around 21500, while support is anticipated at 21100.
09:25 (IST) 21 Dec 2023 F&O Ban
The NSE has added Ashok Leyland, India Cements, Manappuram Finance, SAIL, Balrampur Chini, NALCO, Indus Towers, Delta Corp, Piramal Enterprises and RBL bank to its F&O ban list for December 21, 2023.
09:17 (IST) 21 Dec 2023 Markets at open
The NSE Nifty 50 opens down by 0.55% to at 21,033.95, while the BSE Sensex opens almost 1% lower to 69,917.68.
09:00 (IST) 21 Dec 2023 Asian Markets
Shares in the Asia-Pacific region are trading in the mixed territory on Thursday morning. The Asia Dow is trading up by 0.55%, Japan’s Nikkei 225 is red, down 1.54%, Hong Kong’s Hang Seng index is trading up 0.66% and the benchmark Chinese index Shanghai Composite is trading lower by 1.03%.
08:50 (IST) 21 Dec 2023 Crude Oil
WTI crude prices are trading at $73.64 down 0.78%, while Brent crude prices are trading at $78.91 down by 0.99%, on Thursday morning.
08:41 (IST) 21 Dec 2023 US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.05% at 102.36.
08:35 (IST) 21 Dec 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 1,322.1 crore, while domestic institutional investors (DII) bought shares worth net Rs 4,754.3 crore on December 20, 2023, according to the provisional data available on the NSE.
08:20 (IST) 21 Dec 2023 Wall Street
U.S. Treasuries clung to gains while stocks strove to hold onto a rebound after a fresh batch of data left traders measuring the chances of a soft landing for the world’s largest economy, reported Bloomberg. The tech-heavy Nasdaq Composite dropped 168.85 points or 1.13% at 14,834.37. The S&P 500 plunged 51.50 points or 1.08% at 4,716.87, while the Dow Jones Industrial Average slumped 343.76 points or 0.92% to 37,214.16.
