Market Live: Sensex ends below 35K levels; down 218 points

Closing Bell

Equity market indices surrendered initial gains and suffered losses due to late sell-off in banking, auto, consumer durables, metals and realty stocks.

Banking, Oil & Gas, Consumer Durables, Auto and Metals lost between 0.70% and 1.80 per cent.

Due to headwinds from the US markets, the Sensex dropped to a low of 34,937 before settling at 34,981.02, down 218 points.

On the NSE, the Nifty lost 73 points to 10,526.75.

The market breadth, indicating the overall health of the market, was negative. On the BSE, Out of the 2,758 shares traded, 1,099 shares advanced and 1,505 shares fell. A total of 154 shares were unchanged.

Earlier in the day, markets were choppy with an attempt to recover some lost ground. It was a mixed bag for the markets as pockets of stocks witnessed selective buying and selling while most were choppy.

BSE SENSEX CHART

VOLUME TOPPERS ON BSE

VOLUME TOPPERS ON BSE

 

IT STOCKS ON NSE

NIFTY IT Stocks

NIFTY ENERGY STOCKS

Nifty Energy stocks

Nifty Bank Stocks

Nifty Bank Stocks

LARGE-CAP STOCKS

Large-cap stocks on BSE

BSE SENSEX CHART

Dewan Housing shares turn stronger on results

Dewan Housing Finance Corporation Ltd (DHFL) shares were up 0.75 per cent today at Rs 236.55 on the back of the company reporting a 52 per cent jump in year-on-year second quarter standalone net profit at ₹439 crore against ₹288 crore in the year ago quarter.

NIFTY METAL INDEX

NIFTY METALS INDEX

NIFTY BANK INDEX

NIFTY BANK INDEX

SECTORAL INDICES ON NSE

NSE SECTORAL INDICES

Sensex wipes off early gains

The market declined in the afternoon session wiping off early gains, tracking mixed cues from other Asian markets amid weakness in US market . However, a steep fall in crude oil prices  on excess supply concerns supported the indices at lower levels.

IT shares witnessed major buying support today while auto, metals and banks shares declined.

The Sensex fell 47 points at 35,143.31. The Nifty 50 index too shedsl 25.60 points or 0.24% at 10,574.45.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,196 shares rose and 1,239 shares fell. A total of 159 shares were unchanged.

Large-cap stocks on BSE

NEW 52 WEEK LOW ON NSE

NEW 52 WEEK LOW ON NSE

NEW 52 WEEK HIGH ON NSE

NEW 52 WEEK HIGH ON NSE

BSE SENSEX CHART

Sensex chart

BUY SBI WITH STIFF STOP-LOSS at ₹280

₹286 • SBI

SENSEX CHART

STOCK WATCH ON BSE

STOCK WATCH ON BSE

BSE SENSEX CHART

The Nifty call: Index futures to remain range-bound

Nifty 50 November Futures (10,624)

The Nifty 50 futures contract has been stuck in a narrow range between 10,600 and 10,650. The near-term outlook is mixed. A key resistance is at 10,675 and support is at 10,580. A breakout on either side of 10,675 or 10,580 will determine the direction of the next move. Until then the index futures can remain range bound broadly between 10,580 and 10,675.

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Nifty November Futures

Go short if RIL slips below ₹1,100 levels

₹1112 • Reliance Ind.

Jio, being a late entrant, does not have access to last-mile connectivity to take its broadband service to customers’ homes

Deepak Fertilizers shares surge

Deepak Fertilizers and Petrochemicals Corporation Ltd jumps as much as 17.4 per cent to ₹192.5, marks its biggest intraday per cent gain in over two years

The fertiliser manufacturer said late Wednesday that Income Tax department had concluded their search and seizure operations at their offices.

Deepak Fertilisers Chart

Go Long in ONGC above ₹155 levels

₹151 • ONGC

MID-CAP GAINERS ON BSE

MID-CAP GAINERS ON BSE

Tech Mahindra shares rise nearly 3%

Tech Mahindra Ltd's shares rise as much as 2.8 per cent to ₹710. The company hosted its annual analyst meeting on Wednesday and at least three brokerages had positive commentary.

Small-Cap Losers on NSE

Small-Cap Top Losers on NSE

Go short in ITC below ₹278 levels

₹281 • ITC

Small-Cap Top Gainers on NSE

Small-Cap Top Gainers on NSE

Indian Hotels in fine nick; jumps 5 per cent

The share price of Indian Hotels today jumped 5.2 per cent to ₹ 141.85, its highest since June 11. The Domestic brokerage Motilal Oswal initiated coverage on the stock with “buy” rating and target price of ₹ 163, implying an upside of 21 per cent.

Vakrangee locks in upper circuit

Shares of technology company Vakrangee Ltd today locked in upper circuit after rising as much as 4.9 per cent to ₹25.35. The stock has posted a biggest intra-day percent gain since Oct 12.

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Tata Elxsi rebound on short-covering

Tata Elxsi shares rebounded by nearly 2% after witnesseing sharp fall yesterday. The stock gained 1.95% at 991 on the BSE today.

Tata Elxsi chart on BSE

Rajesh Exports shares trade firm

Rajesh Exports on Wednesday said it has bagged an order worth ₹933 crore from the UAE, which is to be executed by March 2019. Rajesh Exports which has launched new products at different price points, has been witnessing consistent order flow from across the globe. Stock of Rajesh Exports was trading slighty higher at Rs 571.60 on the NSE

The company has refineries located in Uttarakhand and at Balerna in Switzerland. It has a capacity to refine 2,400 tonnes of gold per annum. It processes 35 per cent of the gold produced globally.

Rajesh Exports chart on BSE

Go long in Infosys above ₹630

₹620 • Infosys

UPL shares slightly down

UPL shares were down by 0.50% today after the company in its announcement had said UPL Corporation, Mauritius, a wholly-owned subsidiary of UPL, has signed a definitive agreement to acquire directly or through its subsidiaries 100 per cent of the shares of Industrias Bioquim Centroamericana, Sociedad An Nima, a Costa Rica-based company, and certain other group companies situated in the Caribbean and Central American Region (collectively Bioquim group).

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UPL Corp to buy Arysta for $4.2 b

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Redington India share up 2%

Redington stock rose 2 per cent on the NSE today. The company in a release said that  Redington Gulf FZE, a step-down subsidiary of Redington India , said that it had acquired an additional 24.8 per cent stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company. With this acquisition, the total holding of Redington Gulf in Citrus had increased to 84.8 per cent.

Rupee rises against US dollar

Rising for the seventh straight day, the rupee strengthened by 35 paise to 71.11 against the US dollar in early trade on Thursday on the back of falling crude oil prices. Traders said dollar’s weakness against some currencies overseas and increased selling of the greenback by exporters and banks also supported the rupee.

Buy HDFC Bank if moves beyond ₹2,030 levels with a fixed stop-loss

₹2019 • HDFC Bank

BSE SENSEX CHART

Oil marketing companies are trading mixed after crude Oil prices dipped on Thursday following increase in US crude inventories amid concerns of an emerging global glut.  ONGC was quoted at Rs 153, up 1.42%, GAIL was up 1% and Reliance rose 0.80% today.

NSE ENERGY STOCKS

FMCG STOCKS ON NSE

FMCG STOCKS ON NSE

IT STOCKS ON NSE

NSE IT STOCKS

The BSE IT index rose more than 1 per cent in the opening session. The IT index gained 155 points at 13,612. However, Auto, Banking, PSU, Power and Telecom met with losses and fell up to 0.60 per cent in the initial trade.

BSE SECTORAL INDICES

Markets opened marginally higher today. The BSE Sensex was up 43.52 points at 35,243.32, and the Nifty gained 11 points at 10,611.05.

BSE SENSEX CHART

Safe-haven dollar trades lower as risk-on sentiment returns

The dollar was broadly lower in Asian trade on Thursday as demand for safe haven currencies declined after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy's budget dispute.

The dollar had been actively bid over the last two trading sessions as risk appetite receded on fears over a global growth slowdown and US-China trade conflict.

Asian shares tick up but growth worries keep investors on edge

Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.

The Shanghai Composite Index lost 0.5 per cent. File Photo

Day Trading Guide For November 22

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2019 • HDFC Bank

₹620 • Infosys

Today's Pick: VRL Logistics (₹306.9): Buy

Investors with a short-term horizon can buy the stock of VRL Logistics at current levels. The intermediate-term downtrend from the key resistance level of ₹450 found support at ₹250 in early October. Triggered by a positive divergence in the daily relative strength index and price rate of change indicators, the stock changed direction in October. Since then, the stock has been on a short-term uptrend.

istock.com/wutwhanfoto

Oil dips on swelling US stocks, but expected OPEC supply cut stems losses

Oil prices dipped on Thursday after US crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.

The Brent crude January futures contract lost 0.32 per cent, to trade at $74.72 per barrel. File Photo

S&P 500 gains with energy, tech but ends near day's low

The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered toward the session's end as Apple shares surrendered gains ahead of the Thanksgiving holiday.

The Dow also gave up its gains to end flat, while the S&P 500 ended near its session lows, a sign of lingering bearishness.

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