India Finance News

Closing Bell: Nifty ends below 18,300, Sensex falls 400 pts; all sectors in the red – Moneycontrol

December 16, 2022 / 03:36 PM IST

Rupee Close:

Indian rupee closed lower at 82.86 per dollar against previous close of 82.76.

December 16, 2022 / 03:32 PM IST

Market Close: Benchmark indices ended lower for the second consecutive session on December 16.

December 16, 2022 / 03:26 PM IST

Dow, Nasdaq futures down 1% each

December 16, 2022 / 03:22 PM IST

Nifty Auto index slipped 1 percent dragged by M&M, Ashok Leyland, Sona BLW Precision Forgings

December 16, 2022 / 03:19 PM IST

[embedded content]
December 16, 2022 / 03:15 PM IST

BSE Realty index fell 1 percent dragged by Prestige Estate, Sobha, Oberoi Realty

December 16, 2022 / 03:12 PM IST

Himatsingka Seide to raise Rs 608 crore via equity, NCDsHimatsingka Seide approved issuance of securities in one or more tranches, worth up to USD 13 million or Rs 108 crore, and issuance of non-convertible debentures up to Rs 500 crore, to identified investors.

December 16, 2022 / 03:08 PM IST

BSE Information Technology index declined 1 percent dragged by Cerebra Integrated Technologies, Affle (India), Xelpmoc Design and Tech

December 16, 2022 / 03:05 PM IST

Nearly Rs 2,000-crore worth of IPOs to hit Dalal Street next week

In December, the fundraising, including the two upcoming IPOs of KFin Technologies and Elin Electronics, will be a little more than Rs 3,800 crore… Read More

Nearly Rs 2,000-crore worth of IPOs to hit Dalal Street next week” title=”

Nearly Rs 2,000-crore worth of IPOs to hit Dalal Street next week


December 16, 2022 / 03:03 PM IST

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:

Most major sectors lost on a week-on week basis with BSE IT, Bank FMCG, BSE Consumer Durable, BSE Auto, BSE Reality, BSE Power and Nifty Pharma losing the most. Even Bank Nifty was down around 1%. While one key sector which gained was BSE Oil and Gas. 

Within the Nifty Index, ONGC (+5.4%), IndusInd Bank (+2.4%) and Bajaj Finance (+2%) gained the most and Titan Company (-4.7%), Asian Paints (-4.4%) and ICICI Bank (-3.0%) lost the most. Both, DIIs and FPIs were net Buyers in the past five trading sessions. 

Markets going ahead may be dominated by global news flows and steps taken by different governments to tackle their economy. 

On the economy front, domestic November CPI inflation, at 5.88% (October: 6.77%), saw a sharp decline, led by a steep sequential fall in food prices, while core inflation remained steady at 6.3%. Meanwhile, October IIP contracted sharply by 4% (September: +3.5%). 

In global markets, on Wednesday, Federal Reserve’s raised benchmark interest rate by 50 basis point to a target range between 4.25% and 4.5% — the highest rate in 15 years. The central bank said it would continue hiking rates through 2023 to 5.1%, a larger figure than previously expected. There was announcement by ECB and comments by its president, Christine Lagarde, as she stressed that “significant” further rate rises at a “steady pace” were still to come.

December 16, 2022 / 03:00 PM IST

Market at 3 PMBenchmark indices extended the losses and are trading near day’s low levels with Nifty below 18300.The Sensex was down 409.23 points or 0.66% at 61389.80, and the Nifty was down 132.70 points or 0.72% at 18282.20. About 1227 shares have advanced, 2031 shares declined, and 102 shares are unchanged.

December 16, 2022 / 02:55 PM IST

Nifty Pharma index fell 1 percent dragged by Glenmark Pharma, Gland Pharma, Dr Reddy’s Laboratories

Exit mobile version