Stock Market : Closing Bell

Daily Market Updates Closing Bell
21

Closing bell: Benchmark indices close higher with Nifty IT among the top gainers - 16.11.2023 !

Description: On Thursday, the Indian benchmark indices wrapped up the trading session on a positive note.

Thursday marked a bullish trend for Indian benchmark indices, with the Sensex climbing 0.47% to surpass 65,900, and the Nifty rising 0.46%, closing above 19,700. This positive momentum extended to the broader market, as Nifty Midcap and Nifty Smallcap recorded gains of 0.78% and 0.58%, respectively.

In the sectoral landscape, Nifty IT stole the spotlight, leading gainers with an impressive surge of over 2.5%. Contributing to the positive momentum were Nifty Realty and Nifty Pharma, while Nifty PSU Bank, Nifty FMCG, and Nifty Bank faced losses.

Hero Motocorp emerged as the leader among individual stocks, experiencing a remarkable surge of over 3%, followed by Tech Mahindra and TCS. On the flip side, Axis Bank, Power Grid, and Coal India were among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Coforge Ltd, KPIT Technologies, Manappuram Finance, and Cesc Ltd recording substantial gains. Conversely, Poonawalla Fincorp, Union Bank, Kalyan Jewellers, and Jyothy Labs Ltd faced declines.

Oil prices experienced a decline on Wednesday, with indications suggesting that the United States, the world’s largest oil producer, may have reached peak production. This offset positive signals for crude demand from China, leading to a decrease in Brent futures by 92 cents, reaching USD 81.55 per barrel. In the futures market, the Dollar index traded 0.30% higher at 104.36, while the value of one dollar remained around Rs 83.18.

The broader market sentiment indicates an optimistic trend, with 1045 advancing stocks compared to 967 declining stocks, signalling an overall positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

22

Closing bell: 17.11.2023 - Benchmark indices close lower with Nifty Pharma among the top gainers!

On Friday, the Indian benchmark indices wrapped up the trading session on a lower note.
Friday witnessed a bearish trend in Indian benchmark indices, with the Sensex declining by 0.28%, closing below 65,800, and the Nifty plunged by 0.17%, closing below 19,800. Conversely, in the broader market, Nifty Midcap and Nifty Smallcap recorded gains of 0.2% and 0.09%, respectively.
In the sectoral landscape, Nifty Pharma took the spotlight, leading gainers. Contributing to the positive momentum were Nifty FMCG and Nifty Auto, while Nifty PSU Bank, Nifty Bank, and Nifty Financial Services faced losses.

SBI Life emerged as the leader among individual stocks, experiencing a remarkable surge of over 3.5%, followed by HDFC Life and Apollo Hospitals. On the flip side, Axis Bank, SBI, and ONGC were among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with FSN E-Commerce Ventures Ltd, Rail Vikas Nigam, IRB Infra Dev, and RITES Ltd recording substantial gains. Conversely, L&T Finance Holdings, Aditya Birla Capital, RBL Bank, and IDBI Bank Ltd faced declines.
US crude prices experienced a decline of over 4% on Thursday, driven by an increase in inventories coupled with a decrease in industrial production. The Brent January contract saw a significant drop of USD 3.59, equivalent to 4.42%, settling at USD 77.59 per barrel. Both US crude and the global benchmark were trading at their lowest levels since early July.

In October, US industrial production contracted by 0.6%, attributed to the impact of the United Auto Workers strike on motor vehicle output, as indicated by data released by the Federal Reserve on Thursday. Simultaneously, the Dollar index traded 0.06% lower in futures at 104.40, while the value of one dollar remained close to Rs 83.23.

The broader market sentiment indicates an optimistic trend, with 1027 advancing stocks compared to 1008 stocks, signalling an overall positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

23

20th November, 2023: Benchmark indices close lower with Nifty IT among the top gainers!

On Monday, the Indian benchmark indices wrapped up the trading session on a lower note.

Monday marked a bearish trend for Indian benchmark indices, with the Sensex declining by 0.21% and the Nifty falling by 0.19%, closing below 65,700 and 19,700, respectively. Conversely, in the broader market, Nifty Midcap recorded gains of 0.11%, while Nifty Smallcap saw a marginal decline of 0.07%.

In the sectoral landscape, Nifty IT took the spotlight as the leading gainer, supported by Nifty PSU Bank and Nifty Pharma, while Nifty Auto, Nifty Media, and Nifty Metal faced losses. Individual stock performances featured Divi’s Laboratories as the top gainer, with a surge of over 2%, followed by Bharti Airtel and HCL Technologies. Conversely, Adani Enterprises, Bajaj Finance, and M&M found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with KPIT Technologies, Mankind Pharma, Latent View Analytics, and Cyient Ltd recording substantial gains. On the flip side, Balkrishna Industries, Yes Bank, BSE, and Easy Trip Planners faced declines.

Oil prices rebounded on Friday, recovering from a four-month low reached the previous day, witnessing a 5% decline amid concerns over increasing non-OPEC supply and a demand slowdown. The Brent contract for January posted a gain of 3.2%, equivalent to USD 2.49, reaching USD 79.91 a barrel. In the futures market, the Dollar index traded 0.51% lower at 103.82, while the value of one dollar remained close to Rs 83.29.

The broader market sentiment indicates a nuanced trend, with 949 advancing stocks compared to 1089 declining stocks, signalling a mixed sentiment in the broader market, reflecting the ongoing complexities in market dynamics.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

24

21st November, 2023: Benchmark indices outperform with Nifty Metal among the top gainers!

On Tuesday, the Indian benchmark indices wrapped up the trading session on a lower note.

Tuesday witnessed a bullish trend in Indian benchmark indices, with the Sensex surging by 0.42% and the Nifty rising by 0.45%, closing above 65,900 and 19,700, respectively. However, in the broader market, Nifty Midcap recorded gains of 0.06%, while Nifty Smallcap saw a marginal decline of 0.11%.

In the sectoral landscape, Nifty Metal took the spotlight as the leading gainer, supported by Nifty Realty and Nifty Pharma, while Nifty PSU Bank, Nifty IT, and Nifty FMCG faced losses. Among individual stocks, SBI Life emerged as the top gainer with a surge of over 2.5%, followed by HDFC Life and Adani Enterprises. On the flip side, Coal India, ONGC, and BPCL found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Oberoi Realty Ltd, Ashok Leyland, SJVN, and KEI Industries recording substantial gains. Conversely, KPIT Technologies, Mankind Pharma, BSE, and Suzlon Energy Ltd faced declines.

Oil futures surged by over 2% on Monday, extending their gains on the possibility of OPEC+ implementing deeper supply cuts to stabilize prices. This comes after four weeks of declining prices due to concerns over demand and disruptions in Middle East supply arising from the Israel-Hamas conflict.

The Brent crude contract for January experienced a significant increase of USD 2.12, equivalent to 2.63%, reaching USD 82.73 per barrel. In the futures market, the Dollar index traded 0.06% lower at 103.52, while the value of one dollar remained close to Rs 83.37.

The broader market sentiment indicates a positive trend, with 1086 advancing stocks compared to 928 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

25

22 November, 2023: Benchmark indices close higher with Nifty IT among the top gainers!

On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.

Wednesday marked a bullish trend in Indian benchmark indices, with the Sensex surging by 0.14%, closing above 66,000, and the Nifty rising by 0.14%, reaching over 19,800. However, in the broader market, Nifty Midcap recorded gains of 0.34%, while Nifty Smallcap saw a decline of 1.21%.

In the sectoral landscape, Nifty IT took the spotlight as the leading gainer, supported by Nifty Auto and Nifty Pharma, while Nifty PSU Bank, Nifty Metal, and Nifty Media faced losses. Among individual stocks, BPCL emerged as the top gainer with a surge of over 3.5%, followed by Cipla and NTPC. On the flip side, Indusind Bank, Hindalco, and Kotak Bank found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with CG Power, Tube Invest of India, Aegis Logistics, and Balrampur Chini Mills recording substantial gains. Conversely, KPIT Technologies, Delhivery, Sonata Software, and Suzlon Energy Ltd faced declines.

Oil prices retreated on Tuesday, reversing the significant gains observed in the previous two sessions, as investors adopted a cautious stance ahead of an upcoming OPEC+ meeting this Sunday. During the meeting, the producer group may deliberate on the prospect of deepening supply cuts in response to the decelerating global economic growth.

The Brent crude contract for January declined by 32 cents, or 0.39%, settling at USD 82 per barrel on Tuesday. In the futures market, the Dollar index traded 0.06 percent lower at 103.69, while the value of one dollar remained close to Rs 83.28.
The broader market sentiment indicates a nuanced trend, with 811 advancing stocks compared to 1227 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

26

23 November, 2023 : Benchmark indices close marginally lower with Nifty Realty among the top gainers!

Description: On Thursday, the Indian benchmark indices wrapped up the trading session marginally lower.

Thursday witnessed a subdued trend in Indian benchmark indices, with the Sensex experiencing a marginal decline of 0.01%, closing just below the 66,100 mark, and the Nifty slipping by 0.05%, concluding below 19,900. However, the broader market displayed mixed performance , as Nifty Midcap closed flat, while Nifty Smallcap surged by a notable 0.7%.

In the sectoral landscape, Nifty Realty took center stage as the leading gainer, supported by Nifty Metal and Nifty Media, while Nifty Pharma, Nifty IT, and Nifty PSU Bank faced losses. Individual stock performances featured Hero Motocorp as the top gainer, with an impressive surge of over 4.5%, followed by Bajaj Auto and BPCL. On the contrary, Cipla, Ultra Tech Cement, and LTI Mindtree found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Hindustan Petroleum, Aditya Birla Fashion, Praj Industries, and Suzlon Energy recording substantial gains. Conversely, Tube Invest of India, Persistent Systems, J B Chemicals and Pharma, and Century Textiles Ltd faced declines.

Wednesday saw a significant decline in U.S. crude prices, as the Organization of the Petroleum Exporting Countries (OPEC) postponed a crucial meeting on production cuts originally scheduled for the weekend. The West Texas Intermediate contract for January dropped by USD 3.87, or 4.98%, closing at USD 73.90 per barrel. Concurrently, the Brent contract for January fell by USD 3.85, or 4.67%, settling at USD 78.60 per barrel. OPEC’s announcement indicated a delay in the meeting of energy ministers until the following Thursday.

The broader market sentiment reveals a nuanced trend, with 1092 advancing stocks compared to 927 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

27

Closing bell: Benchmark indices close higher with Nifty Energy among the top gainers!

On Tuesday, November 28th, 2023, the Indian benchmark indices wrapped up the trading session marginally lower.

Tuesday marked a positive trajectory for Indian benchmark indices, with the Sensex witnessing a robust surge of 0.31%, crossing the 66,100 threshold, and the Nifty advancing by 0.48%, closing above 19,800. The broader market mirrored this optimism, with Nifty Midcap gaining 0.54%, and Nifty Smallcap showing a notable 0.3% uptick.

Within the sectoral landscape, Nifty Energy emerged as the standout performer, bolstered by Nifty Metal and Nifty PSU Bank, while Nifty Pharma and Nifty FMCG faced setbacks. Adani Enterprises took the spotlight as the top gainer among individual stocks, experiencing an impressive surge of over 8%, followed by Adani Ports and Tata Motors. Conversely, Apollo Hospitals, Eicher Motors, and ITC were among the top losers in the Nifty 50.

In the broader market scenario, positive performances were observed, with Adani Power, Hindustan Petroleum, BSE, and MCX registering substantial gains. On the flip side, JSW Energy, Lodha, Raymond, and Suzlon Energy Ltd witnessed declines.

Oil prices retreated on Monday as investors awaited an imminent OPEC+ meeting scheduled for later in the week, anticipating an agreement to constrain supplies through 2024. Brent crude futures declined by 40 cents, or 0.5%, settling at USD 80.13 per barrel, while US West Texas Intermediate crude futures stood at USD 75.16 per barrel, marking a decrease of 34 cents, or 0.45%.

Both contracts experienced a modest increase last week, representing their first weekly gain in five, driven by expectations of potential extensions of voluntary supply cuts by Saudi Arabia and Russia into early 2024, and discussions within OPEC+ about additional output reduction plans. The Dollar index exhibited a 0.06% decrease in futures, settling at 103.32, while the value of one dollar remained close to Rs 83.09.

The broader market sentiment depicts a nuanced trend, with 1022 advancing stocks compared to 1022 declining stocks, signalling a neutral sentiment in the broader market.


Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
28

Closing bell - 29th November, 2023
Benchmark indices close substantially higher with Nifty Auto among the top gainers!

Wednesday brought forth a robust rally for Indian benchmark indices, with the Sensex surging by an impressive 1.1%, crossing the 66,900 threshold, and the Nifty advancing by 1.04%, closing above the 20,000 mark. This positive momentum reverberated in the broader market, where Nifty Midcap gained 0.81%, and Nifty Smallcap displayed a notable 1.03% uptick.

In the sectoral landscape, Nifty Auto emerged as the standout performer, supported by Nifty Bank and Nifty IT, while setbacks were witnessed in Nifty Realty and Nifty Media. Axis Bank took the spotlight as the top gainer among individual stocks, experiencing an impressive surge of over 3.5%, followed by Hero Motocorp and M&M. On the flip side, Adani Enterprises, ONGC, and Divi’s Laboratories found themselves among the top losers in the Nifty 50.

Positive performances were observed in the broader market scenario, with Torrent Power, Bhel, Manappuram, and Tata Teleservices (Maharashtra) registering substantial gains. Conversely, Adani Power, Paytm, Amber Enterprises, and Raymond witnessed declines.

In the realm of commodities, oil prices saw a rise of more than 2% on Tuesday, driven by expectations that the OPEC+ producer group might intensify and prolong output cuts amid concerns about weakening global demand. OPEC+, consisting of the Organization of the Petroleum Exporting Countries (OPEC) and allied nations like Russia, is set to conduct an online ministerial meeting on Thursday to discuss production targets for 2024.

Brent crude futures witnessed an increase of USD 2.07, equivalent to 2.59%, reaching USD 82.05 per barrel. Simultaneously, U.S. West Texas Intermediate (WTI) crude futures recorded a gain of USD 2.03, or 2.71%, settling at USD 76.89. The Dollar index showed a 0.06% decline in futures, settling at 102.86, while the value of one dollar remained close to Rs 83.09.

The broader market sentiment portrays a nuanced trend, with 1033 advancing stocks compared to 990 declining stocks, signaling a slight positive sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

29

Closing bell - 30th November, 2023
Benchmark indices close higher with Nifty Pharma among the top gainers!

Thursday witnessed a modest uptick in Indian benchmark indices, with the Sensex making a 0.13% surge, crossing the 66,900 mark, and the Nifty advancing by 0.18%, concluding above the 20,100 level. This positive momentum extended to the broader market, with Nifty Midcap gaining 0.68%, and Nifty Smallcap showing a notable 1.14% uptick.

In the sectoral landscape, Nifty Pharma emerged as the top performer, supported by Nifty Realty and Nifty FMCG, while setbacks were observed in Nifty PSU Bank, Nifty Bank, and Nifty IT. Ultratech Cement took the spotlight as the leading gainer among individual stocks, experiencing an impressive surge of over 3%, followed by HDFC Life and Eicher Motors. Conversely, Adani Enterprises, Adani Ports, and IndusInd Bank found themselves among the top losers in the Nifty 50.

Positive performances were noted in the broader market scenario, with Poonawalla Fincorp, Prestige Estate, Nbcc, and Sonata Software registering substantial gains. On the flip side, Indian Bank, Tube Invest of India, Pnb Housing Finance, and Campus Activewear witnessed declines.

Oil prices climbed on Wednesday as investors shifted their focus to an OPEC+ meeting determining output policy, while a storm in the Black Sea causing supply disruptions and diminished U.S. inventories fuelled buying. Brent crude futures gained 97 cents, or 1.19%, reaching USD 82.65 per barrel. US West Texas Intermediate, or WTI, crude futures increased by USD 1.12, or 1.47%, settling at USD 77.53 per barrel. The Dollar index saw a slight 0.01% decrease in futures, closing at 102.73, while the value of one dollar remained close to Rs 83.09.

The broader market sentiment portrays a nuanced trend, with 1038 advancing stocks compared to 995 declining stocks, signalling a slight positive sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

30

Closing Bell - 01st December, 2023
Benchmark indices close higher with Nifty Media among the top gainers!

Friday marked a modest uptick in Indian benchmark indices, with the Sensex surging by 0.74%, surpassing the 67,400 milestone, and the Nifty advancing by 0.67%, closing above the 20,200 level. This positive momentum extended to the broader market, witnessing Nifty Midcap gaining 1.1%, and Nifty Smallcap showing a notable 0.48% uptick.

In the sectoral landscape, Nifty Media emerged as the top performer, supported by Nifty PSU Bank and Nifty FMCG, while setbacks were observed in Nifty Auto. ITC took the spotlight as the leading gainer among individual stocks, experiencing an impressive surge of over 3%, followed by NTPC and Axis Bank. Conversely, Hero Motocorp, M&M, and Wipro found themselves among the top losers in the Nifty 50.

Positive performances were noted in the broader market scenario, with Power Finance Corporation, Dixon, Amara Raja Energy & Mobility, and Finolex Cables registering substantial gains. On the flip side, Ashok Leyland, Tata Consumer Product, Suzlon Energy, and Cochin Shipyard witnessed declines.

In the global energy market, U.S. crude faced a decline on Thursday, erasing initial gains, as traders grew increasingly skeptical about OPEC+, a coalition comprising OPEC and its oil-producing allies, fulfilling promised output cuts. The West Texas Intermediate contract for January dropped by USD 1.20, equivalent to a 1.54% decrease, settling at USD 76.66 per barrel, while the Brent contract for January saw a loss of 14 cents, or 0.17%, trading at USD 82.96 per barrel.

The broader market sentiment portrays a nuanced trend, with 1127 advancing stocks compared to 894 declining stocks, signalling a slight positive sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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31

Closing Bell - 04th December, 2023

Benchmark indices close higher after making new all-time highs!

Monday witnessed a moderate uptick in the Indian benchmark indices, with the Sensex surging by 2.05% and reaching its all-time high of 68,918 level, while the Nifty advanced by 2.07%, after reaching its all-time high of 20,702 level. This positive momentum extended to the broader market, with Nifty Midcap gaining 1.24%, and Nifty Smallcap showing a notable uptick of 1.39%.

India VIX, has surged by 4.93%, reflecting an increase in market volatility.

In the sectoral landscape, Nifty PSU Bank emerged as the top performer, supported by Nifty Bank and Nifty Financial Services, while setbacks were observed in Nifty Media and Nifty Pharma. Eicher Motors took the spotlight as the leading gainer among individual stocks, experiencing an impressive surge of over 7%, followed by Adani Enterprises and Adani Ports. Conversely, HDFC Life, Britannia, and Wipro found themselves among the top losers in the Nifty 50.

Positive performances were noted in the broader market scenario, with Hindustan Petroleum, Prestige Estate, Cyient, and Central Bank of India registering substantial gains. On the flip side, Zee Entertainment Ltd, Lupin, Bikaji Foods International, and Angel One witnessed declines.

The broader market sentiment portrays a nuanced trend, with 1370 advancing stocks compared to 663 declining stocks, signalling a positive sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

32

Closing bell: 5th December, 2023

Frontline indices close substantially higher after reaching their new all-time high levels!

On Tuesday, the Indian benchmark indices concluded the trading session on a positive note as both the Sensex and Nifty achieved their all-time high levels.

Major Indices Performance:

On Tuesday, Indian markets sustained their upward momentum in benchmark indices, experiencing a moderate surge. The Sensex climbed by 0.63%, reaching an all-time high of 69,381.31, while the Nifty advanced by 0.81%, achieving its peak at 20,864.05. Notably, Nifty Bank surged significantly by 1.28%, closing at 47,012.25. This positive momentum extended to the broader market, with Nifty Midcap gaining 0.47%, and Nifty Smallcap showing a notable uptick of 0.11%.

On December 4, Monday, Indian markets reached unprecedented levels, witnessing equity benchmarks surge by over 2%. Investors celebrated the BJP’s triumph in three state elections, interpreting it as a signal of sustained political stability.

Sectoral Performance:

In the sectoral landscape, Nifty Energy emerged as the top performer, supported by Nifty Metal, Nifty PSU Bank, and Nifty Bank, while setbacks were observed in Nifty Media, Nifty IT, Nifty Realty, and Nifty FMCG.

Top Gainers and Losers:

Among the Nifty 50, Adani Enterprises stood out as the leading gainer with an impressive surge of over 16%, followed by Adani Ports, Power Grid, and NTPC. Conversely, LTIMintree, HCL Technologies, Divi’s Laboratories, and Hindustan Unilever found themselves among the top losers.

Broader Market Performance:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Adani Power, ACC, Cesc, and JK Lakshmi Cement registered substantial gains, standing among the top gainers. On the flip side, M&M Financial Services, Prestige Estate, Cyient, and BSE witnessed major declines, ranking among the top losers.

Oil Prices:

On Monday, oil prices experienced a decline amid concerns about reduced demand and lingering uncertainty surrounding OPEC+ supply cuts. Brent crude futures decreased by 1.08% to settle at USD 78.03 per barrel, while US West Texas Intermediate crude futures registered a 1.39% decline, closing at USD 73.04.

This descent follows a 2% drop the previous week after the supply cuts announced by OPEC and its allies, collectively known as OPEC+. Additionally, the dollar index rose by 0.54% to 103.67.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 934 advancing stocks compared to 1112 declining stocks, signalling a slight negative sentiment in the broader market.


Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
33

Closing bell: 6th December, 2023

Frontline indices continue their upward momentum and surge to new peaks!

On Wednesday, the Indian benchmark indices concluded the trading session on a positive note as both the Sensex and Nifty surged to new peaks for the third straight session.

Major Indices Performance
On Wednesday, Indian markets sustained their upward momentum in benchmark indices, experiencing a moderate surge and making new peaks. The Sensex climbed by 0.52%, reaching an all-time high of 69,744.62, while the Nifty advanced by 0.4%, achieving its peak at 20,961.95. Notably, Nifty Bank dipped moderately by 0.38%, closing at 46,834.55. This positive momentum extended to the broader market, with Nifty Midcap gaining 0.25%, and Nifty Smallcap showing a notable uptick of 0.38%.

Sectoral Performance
In the sectoral landscape, Nifty Media emerged as the top performer, supported by Nifty IT, Nifty Energy, and Nifty FMCG, while setbacks were observed in Nifty Bank, Nifty Pharma, Nifty Realty, and Nifty Financial Services.

Top Gainers and Losers
Among the Nifty 50, Wipro stood out as the leading gainer with an impressive surge of over 3%, followed by LTIMindtree, ITC, and L&T. Conversely, Adani Enterprises, Eicher Motors, Cipla, and NTPC found themselves among the top losers.

Broader Markets
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Fact, Bank of India, Balaji Amines, and Cochin Shipyard registered substantial gains, standing among the top gainers. On the flip side, CG Power, Max Healthcare Insurance, Balrampur Chini Mills, and Can Fin Homes have witnessed major declines, ranking among the top losers.

EV Revolution
Hero and Ather Spark Interoperable Charging Network
Hero MotoCorp, the world’s largest motorcycle and scooter manufacturer, has partnered with Ather Energy, a leading Indian electric vehicle manufacturer, to create an interoperable fast-charging network across 100 cities in India. This collaboration integrates VIDA and Ather Grids, covering over 1900 fast-charging points.
As the world’s first interoperable fast-charging network for two-wheelers, it aims to boost EV adoption, offering a convenient charging experience accessible through “My VIDA” and the Ather App.

Oil Prices
On Tuesday, oil prices dropped to their lowest point in nearly five months, driven by a robust US dollar and apprehensions about demand. This marked the market’s fourth consecutive day of decline, fuelled by scepticism regarding the announced voluntary supply cuts by OPEC+.

Brent crude oil futures saw a decrease of 83 cents, equivalent to 1.1%, settling at USD 77.20 per barrel. Simultaneously, US West Texas Intermediate crude (WTI) concluded 72 cents, or 1.0%, lower at USD 72.32. The dollar index has recently risen by 0.12%, reaching 103.73, marking approximately one-week highs.

NSE Advance/Decline Ratio
The broader market sentiment presents a nuanced trend, with 1054 advancing stocks compared to 984 declining stocks, signalling a slightly positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

34

Closing bell: 7th December, 2023

Frontline indices closed on a lower note with Nifty Energy among the top gainers!

On Thursday, the Indian benchmark indices concluded the trading session on a negative note as both the Sensex and Nifty declined eroding previous sessions gains.

Major Indices Performance:
On Thursday, Indian markets concluded on a mixed note as Benchmark indices underperformed, and Broader indices outperformed. The Sensex plummeted by 0.19%, closing at 69,521.69, while the Nifty dipped by 0.17%, closing at 20,901.15. Notably, Nifty Bank marginally surged by 0.01%, closing at 46,841.40. Contrarily, in broader market, Nifty Midcap gained by 0.59%, and Nifty Smallcap experienced a surge of 0.37%.

Sectoral Performance:
In the sectoral landscape, Nifty Energy emerged as the top performer, supported by Nifty Media, Nifty Pharma, and Nifty PSU Bank, while setbacks were observed in Nifty FMCG, Nifty Metal, Nifty IT, and Nifty Financial Services.

Top Gainers and Losers:
Among the Nifty 50, Power Grid stood out as the leading gainer with an impressive surge of 2.5%, followed by Adani Ports, Ultratech Cement, and Cipla. Conversely, Bharti Airtel, Hindustan Unilever, ONGC, and Apollo Hospitals found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, NHPC, Torrent Power, SJVN, and Indian Energy Exchange registered substantial gains, standing among the top gainers. On the flip side, Paytm, FACT, Balrampur Chini Mills, and Medplus Health Services have witnessed major declines, ranking among the top losers.

PSP Projects, SBC Exports and Bharat Electronics secure new orders:
PSP Projects Ltd secured a Rs 101.67 crore order for the ‘Construction and Maintenance of Main Building of GBRC’ project in GIFT City, Gujarat. Their total order inflow for FY 2023-24 is now Rs 1,060.30 crore. The company is also the Lowest Bidder for the Rs 409.93 crore ‘Development of Sabarmati Riverfront’ project in Ahmedabad. Shares rose by 0.7% to Rs 779.15 on the BSE.

SBC Exports Limited got a Rs 2.93 crore contract from EPFO via GeM for Hiring of Technical Resources, but shares dropped by 1.28% to Rs 30.78 on the BSE.
Bharat Electronics Ltd’s shares surged by 2.62% to Rs 160.30 as the company received orders worth Rs 3,915 crore for supplying various defence equipments.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1151 advancing stocks compared to 887 declining stocks, signalling a slight positive sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

35

Closing bell: 8th December, 2023

Frontline indices closed on a positive note with Nifty reaching its all-time high of 21,000!

On Friday, the Indian benchmark indices concluded the trading session on a positive note as both the Sensex and Nifty experienced a surge, making new all-time highs.

Major Indices Performance
On Friday, Indian markets concluded on a positive note as Benchmark indices outperformed, while the Broader indices underperformed. The Sensex surged by 0.44%, making an all-time high 69,893.80, while the Nifty soared by 0.33%, reaching its record high of 21,006.10. Notably, Nifty Bank significantly surged by 0.9%, closing at 47,262. Contrarily, in broader market, Nifty Midcap dipped by 0.21%, and Nifty Smallcap experienced a plunge of 1.09%.

RBI keeps Repo rate unchanged at 6.5% for the fifth consecutive time
Despite concerns about the volatility of food prices and fluctuating oil costs, the RBI maintains its inflation projection for the fiscal year at 5.4%. However, the elusive 4% target remains unmet, with RBI Governor Shaktikanta Das acknowledging the persistent fluctuations in headline inflation.

Taking a broader perspective, the anticipated GDP growth for FY24 stands robustly at 7%. The projected growth rates of 6.5% and 6% for the third and fourth quarters, respectively, underscore the resilience of the Indian economy amid uncertainties.

In a unanimous decision, the RBI’s Monetary Policy Committee opted to keep the repo rate steady at 6.5%. This cautious approach reflects the central bank’s commitment to withdrawing accommodation while nurturing economic momentum. Yet, the path to achieving the elusive 4% inflation target remains uncertain.

Sectoral Performance
In the sectoral landscape, Nifty IT emerged as the top performer, supported by Nifty Financial Services, Nifty Bank, and Nifty Realty, while setbacks were observed in Nifty FMCG, Nifty Energy, Nifty Pharma, and Nifty Auto.

Top Gainers and Losers
Among the Nifty 50, HCL Technologies stood out as the leading gainer with an impressive surge of over 2.5%, followed by LTIMindtree, JSW Steel, and Infosys. Conversely, Adani Enterprises, ITC, Adani Ports, and Hero Motocorp found themselves among the top losers.

Broader Markets
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Prestige Estate, Tube Invest of India, RBL Bank, and IRB Infrastructure Developers registered substantial gains, standing among the top gainers. On the flip side, Adani Power, Torrent Power, Praj Industries, and Shree Renuka Sugars have witnessed major declines, ranking among the top losers.

Oil Prices
On Thursday, oil prices experienced a decline to levels not seen in six months, driven by concerns among investors regarding subdued energy demand in both the United States and China. Simultaneously, the persistently high output levels in the U.S. contributed to the downward pressure on prices.

Brent crude futures witnessed a decrease of 25 cents, settling at USD 74.05 per barrel. Meanwhile, U.S. West Texas Intermediate crude futures saw a slight dip of 4 cents, reaching USD 69.34. Both benchmarks recorded their lowest prices since late June.

NSE Advance/Decline Ratio
The broader market sentiment presents a nuanced trend, with 785 advancing stocks compared to 1256 declining stocks, signalling a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

36

Closing bell: 11th December, 2023

Frontline indices closed on a positive note with Sensex reaching its all-time high of 70,000!

On Monday, the Indian benchmark indices initiated the trading week on a positive note as both the Sensex and Nifty experienced a surge, making new all-time highs.

Major Indices Performance:

On Monday, Indian markets concluded on a positive note as Benchmark indices surged moderately, while the Broader indices outperformed. The Sensex surged by 0.15%, making an all-time high 70,057.83, while the Nifty soared by 0.13%, reaching its record high of 21,026.10. Notably, Nifty Bank moderately surged by 0.11%, closing at 47,314.25. Similarly, in broader market, Nifty Midcap surged by 0.74%, and Nifty Smallcap experienced a notable surge of 0.84%.

Sectoral Performance:

In the sectoral landscape, Nifty PSU Bank emerged as the top performer, supported by Nifty Media, Nifty Metal, and Nifty Realty, while Nifty Financial Services traded on a flat note and Nifty Pharma was the only major sector which underperformed.

Top Gainers and Losers:

Among the Nifty 50, UPL stood out as the leading gainer with an impressive surge of over 2.5%, followed by Ultratech Cement, Adani Enterprises, and LTIMindtree. Conversely, Dr Reddy’s Laboratories, Cipla, Axis Bank, and BPCL found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Tube Invest of India, IRFC, Karur Vysya Bank, and Radico Khaitan registered substantial gains, standing among the top gainers. On the flip side, Hindustan Petroleum Corp, Dr Lal Path Labs, Can Fin Homes, and BSE have witnessed major declines, ranking among the top losers.

FPIs invest Rs 26,505 crore in equities in the first six sessions of December:

In the initial six trading sessions of this month, foreign portfolio investors (FPIs) infused Rs 26,505 crore into the Indian equity markets, anticipating political stability following the BJP’s victories in three major states and confidence about strong economic growth.

Oil Prices:

Despite a Friday rally, oil prices marked their seventh consecutive week of losses, influenced by concerns over record production and demand. The West Texas Intermediate contract for January climbed USD 1.89, or 2.73%, reaching a settlement of USD 71.23 per barrel. Simultaneously, the Brent crude contract for February saw an increase of USD 1.79, or 2.42%, settling at USD 75.84 per barrel.

Despite the rebound on Friday, both US crude and the global benchmark experienced an overall 4% decline for the week. This marks the first time in five years that WTI has recorded a seven-week losing streak. Additionally, The Dollar index saw a 0.43% increase in futures, reaching 103.98, while the value of a single dollar remained around Rs 83.43.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1257 advancing stocks compared to 794 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

37

Closing bell: 12th December 2023

Frontline indices closed on a negative note with Nifty Media among the top gainers!

On Tuesday, the Indian benchmark indices closed the trading day on a negative note as both the Sensex and Nifty experienced a decline, after Nifty making a new all-time high.

Major Indices Performance:
On Tuesday, Indian markets concluded on a negative note as Benchmark indices underperformed, while the Broader indices showed a mixed performance. The Sensex dipped by 0.54%, closing at 69,551.03, while the Nifty plummeted by 0.43%, closing at 20,906.40. Notably, Nifty Bank moderately declined by 0.46%, closing at 47,097.55. Similarly, in broader market, Nifty Midcap dipped significantly by 0.39%, whereas Nifty Smallcap experienced a marginal surge of 0.03%.

Sectoral Performance:
In the sectoral landscape, Nifty Media emerged as the top performer, supported by Nifty Metal and Nifty PSU Bank, while Nifty Realty, Nifty Energy, Nifty Auto and Nifty Pharma were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, HDFC Life stood out as the leading gainer with an impressive surge of over 5%, followed by Ultratech Cement, Bajaj Auto, and SBI Life. Conversely, BPCL, Apollo Hospitals, Maruti, and Sun Pharma found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Tata Elxsi, Yes Bank, Equitas Small Finance Bank, and Sonata Software registered substantial gains, standing among the top gainers. On the flip side, Prestige Estates, Paytm, Radico Khaitan, and Glenmark have witnessed major declines, ranking among the top losers.

RITES secures a contract worth USD 37,680,080:
RITES has successfully secured a contract with CFM Mozambique for the procurement of 10 Diesel Locomotives, along with Incidental Services, at a total cost of USD 37,680,080. On the BSE, the stock surged by 1.08% and closed at Rs 504.05.

Oil Prices:
Oil futures concluded Monday with a decline, capping their lengthiest series of weekly downturns since 2018 due to apprehensions about a decelerating global economy and surging U.S. supply. The West Texas Intermediate crude for January delivery eked out a gain of 9 cents, or 0.1%, settling at USD 71.32 per barrel.

Meanwhile, February Brent crude, the global benchmark, increased by 19 cents, or nearly 0.3%, closing at USD 76.03 per barrel after experiencing a decrease of almost 3.9% the previous week.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 738 advancing stocks compared to 1304 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

38

Closing bell: 13th December, 2023

Frontline indices closed on a positive note with Nifty Realty among the top gainers!

On Wednesday, the Indian benchmark indices closed the trading day on a positive note as both the Sensex and Nifty experienced marginal gains.

Major Indices Performance:

On Wednesday, Indian markets concluded on a positive note as Benchmark indices experienced marginal gains, while the Broader indices outperformed. The Sensex marginally surged by 0.05%, closing at 69,584.60, while the Nifty grew by 0.1%, closing at 20,926.35. Notably, Nifty Bank marginally declined by 0.01%, closing at 47,092.25. Similarly, in the broader market, Nifty Midcap surged significantly by 0.88%, whereas Nifty Smallcap also experienced substantial gains of 0.87%.

Sectoral Performance:

In the sectoral landscape, Nifty Realty emerged as the top performer, supported by Nifty Pharma, Nifty Auto and Nifty Metal while Nifty IT, Nifty Bank and Nifty Financial Services were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, NTPC stood out as the leading gainer with an impressive surge of over 3.5%, followed by Hero Motocorp, Power Grid, and Adani Ports. Conversely, TCS, Infosys, Axis Bank, and Bajaj Finserv found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, REC, Power Finance Corp, Tanla Platforms, and NLC India registered substantial gains, standing among the top gainers. On the flip side, Bank of India, Tube Invest of India, Sonata Software and Balrampur Chini Mills have witnessed major declines, ranking among the top losers.

Headline Inflation Rises to 5.55% in India for November:

Data released by the Ministry of Statistics and Programme Implementation on December 12 revealed that India’s headline retail inflation rate increased to 5.55% in November. This surge is attributed to an unfavourable base effect and a rise in prices of essential food items. Despite economists predicting a 5.8% year-on-year increase, the latest Consumer Price Index (CPI) inflation figure is below expectations, considering October’s rate was 4.87%.

Oil Prices:

On Tuesday, oil prices experienced a decline of over 3%, reaching their lowest point in six months due to worries about oversupply and unexpected growth in consumer prices, as indicated by US economic data.

Brent crude futures for February settled down by USD 2.79, marking a 3.7% decrease to USD 73.24 per barrel. Simultaneously, US West Texas Intermediate crude futures for January slipped by USD 2.71, reflecting a 3.8% decline to USD 68.61 per barrel. The dollar index, which assesses the dollar against the euro, yen, and four other currencies, remained stable at 103.82 after a 0.31% decline in the previous session.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1153 advancing stocks compared to 885 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

39

Closing bell: 14th December, 2023

Frontline indices make new all-time highs as Federal Reserve maintains status quo!

On Thursday, the Indian benchmark indices closed the trading day on a positive note as both the Sensex and Nifty reached their new all-time high levels.

Major Indices Performance:
On Thursday, Indian markets concluded on a positive note as Benchmark indices experienced substantial gains, while the Broader indices also outperformed. The Sensex significantly surged by 1.34%, after making a new all-time high of 70,602.89, while the Nifty soared by 1.23%, after making a record high of 21,210.90. Notably, Nifty Bank rallied by 1.48%, closing at 47,732.30. Similarly, in broader market, Nifty Midcap surged significantly by 1.31%, whereas Nifty Smallcap also experienced a substantial gain of 0.85%.

Sectoral Performance:
In the sectoral landscape, Nifty Realty emerged as the top performer, supported by Nifty IT, Nifty Financial Services and Nifty Bank while Nifty Media was the only major sector which underperformed.

Top Gainers and Losers:
Among the Nifty 50, Tech Mahindra stood out as the leading gainer with an impressive surge of 4%, followed by LTIMindtree, Infosys, and Wipro. Conversely, Power Grid, HDFC Life, Nestle India, and Cipla found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, IRFC, Steel Authority of India, Housing & Urban Development Corporation, and Sonata Software registered substantial gains, standing among the top gainers. On the flip side, Max Financial Services, Max Healthcare Insurance, Century Textiles and Radico Khaitan have witnessed major declines, ranking among the top losers.

The Federal Reserve maintains status quo on interest rates and adopts a dovish stance for 2024: On December 13, the US Federal Reserve, for the third consecutive time, decided to keep interest rates unchanged at 5.25-5.5%, signalling a shift to a dovish outlook for 2024. Chairman Jerome Powell clearly conveyed the intention of the central bank to initiate interest rate cuts in 2024, indicating a potential reduction of 75 basis points next year.

Powell stated, “We are likely at or near its peak for this tightening cycle.” Furthermore, the Fed dot plot revealed that a majority of officials anticipate rates to conclude next year within the range of 4.5% to 4.75%, with a further decrease expected in 2025 at 3.5-3.75%.

Bond yields experience a decline following the outcome of the Fed’s policy decision:
The US treasury bond yields faced significant downward pressure subsequent to the Federal Reserve’s choice to maintain unchanged interest rates, indicating potential rate cuts in 2024. The 10-year treasury yield dipped below the 4% threshold, a notable decrease from its multi-year peak of 5% recorded in October. Currently, the yield is hovering near its lowest point since August.

This pullback is attributed to the Fed’s resolution to leave short-term interest rates unaltered amid a cooling inflation scenario in November.

Oil Prices:
In the monthly report closely monitored by OPEC+, the organization maintained its projection for global oil demand growth in 2023, holding it steady at 2.5 million barrels per day (bpd) as compared to the previous month’s evaluation. As a result, oil prices received a boost, with Brent Crude trading at $75 per barrel and WTI Crude at $70 per barrel, each experiencing a 0.8% increase.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1120 advancing stocks compared to 922 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

40

Closing bell: 15th December, 2023

Frontline indices make new all-time highs, with Nifty IT among the top gainers!

On Friday, the Indian benchmark indices closed the trading day on a higher note as both the Sensex and Nifty soared to their new all-time high levels.

Major Indices Performance:

On Friday, Indian markets concluded on a positive note as Benchmark indices experienced significant gains, while the Broader indices also closed on a higher note. The Sensex significantly surged by 1.37%, after making a new all-time high of 71,605.76, while the Nifty soared by 1.29%, after making a record high of 21,492.30. Notably, Nifty Bank rallied by 0.86%, closing at 48,143.55. Similarly, in broader market, Nifty Midcap surged moderately by 0.11%, whereas Nifty Smallcap also experienced a substantial gain of 0.71%.

Sectoral Performance:

In the sectoral landscape, Nifty Realty emerged as the top performer, supported by Nifty IT, Nifty PSU Bank, Nifty Metal and Nifty Energy while Nifty Realty, Nifty FMCG, Nifty Media and Nifty Auto were among the major underperforming sectors.

Top Gainers and Losers:

Among the Nifty 50, HCL Technologies stood out as the leading gainer with an impressive surge of 5%, followed by TCS, Infosys, and SBI. Conversely, Nestle India, HDFC Life, Bharti Airtel, and SBI Life found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Persistent Systems, Coforge, Zensar Technologies, and HFCL registered substantial gains, standing among the top gainers. On the flip side, Max Financial Services, Prestige Estates, Aegis Logistics and CreditAccess Grameen have witnessed major declines, ranking among the top losers.

Bank of England Maintains Interest Rates at 5.25%:

The Bank of England has opted to keep interest rates steady at the highest level in 15 years, reinforcing its message of a prolonged period of elevated rates despite increasing market expectations of potential cuts in 2024.

According to the released minutes of the decision on Thursday, the Monetary Policy Committee voted 6-3 to maintain the key policy rate at 5.25% for the third consecutive meeting. The division among policymakers mirrored that of the November meeting, with three members advocating for a rate hike.

The committee retained its guidance, emphasizing that rates would need to remain “sufficiently restrictive for sufficiently long” to curb inflation. This stands in contrast to the recent signals from the Federal Reserve, which indicated a readiness to ease rates in the coming year.

Oil Prices:

On Thursday, oil prices increased by 3%, building on gains from the previous session, propelled by a softer dollar and an upward revision in the International Energy Agency’s (IEA) oil demand projection for the upcoming year.

Brent futures concluded $2.35 higher, reflecting a 3.2% rise, closing at $76.61 per barrel. Simultaneously, U.S. West Texas Intermediate (WTI) crude saw a climb of $2.11, marking a 3% increase and settling at $71.58.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1085 advancing stocks compared to 952 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.