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.