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Business News/ Markets / Live Blog/  Market highlights: Indices close flat on lacklustre day; Cipla drives pharma stocks' fall
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Market highlights: Indices close flat on lacklustre day; Cipla drives pharma stocks' fall

Sensex Today | Share Market Live Updates: At close, the Sensex was down 5.43 points or 0.01% at 66,017.81, and the Nifty was down 9.80 points or 0.05% at 19,802

Sensex Today | Share Market Live Updates: Wall Street saw a rally ahead of the Thanksgiving holiday with the benchmark 10-year treasury yield also falling briefly to its lowest in two months (Photo: Bloomberg)Premium
Sensex Today | Share Market Live Updates: Wall Street saw a rally ahead of the Thanksgiving holiday with the benchmark 10-year treasury yield also falling briefly to its lowest in two months (Photo: Bloomberg)

Sensex Today | Share Market Live Updates: Benchmark indices ended flat after a lacklustre session on Thursday. At close, the Sensex was down 5.43 points or 0.01% at 66,017.81, and the Nifty was down 9.80 points or 0.05% at 19,802.

The healthcare index was down 1% and IT index down 0.5% while the realty and oil & gas indices jumped 1% each. The BSE midcap index ended with marginal gains, while the smallcap index rose 0.4%.

Shares of Mamaearth parent company Honasa Consumer hit the 20% upper circuit after it announced a 94% increase in net profit during the September quarter. Sulzon's stock, which had been in the red for three straight days, also hit the 5% upper circuit on Thursday. Cipla's shares were down almost 7% on news that the US Food and Drug Administration had issued a warning letter to the firm’s Madhya Pradesh unit.

Asian Paints was the top mover among the Sensex 30 shares, followed by Wipro, Nestle India, JSW Steel and Bajaj Finserv. The BSE MidCap index gained 0.4%, while the SmallCap index rose 0.6%.

Asian shares were flat on Thursday as markets held on to their gains this week, highlighting the increasing confidence that interest rates globally will be lower next year. Japanese markets remained closed due to a holiday.

Oil prices fell on the prospect of smaller-than-expected output cuts by OPEC+.

Overnight, Wall Street saw a rally ahead of the Thanksgiving holiday with the benchmark 10-year treasury yield also falling briefly to its lowest in two months. The Dow Jones gained 0.5%, while the S&P 500 rose 0.4%. The Nasdaq also gained 0.5% with 63% of its constituents ending the day in the green.

23 Nov 2023, 03:40:52 PM IST

Sensex Today Live: Rupee closes flat against US dollar

The Indian rupee ended flat at 83.34 per dollar from the previous close of 83.32.

23 Nov 2023, 03:36:54 PM IST

Sensex Today Live: Market closes flat 

Benchmark indices ended flat after a lacklustre session on Thursday. 

At close, the Sensex was down 5.43 points or 0.01% at 66,017.81, and the Nifty was down 9.80 points or 0.05% at 19,802.

Top gainers on the Nifty included BPCL, Hero MotoCorp, Eicher Motors, Bajaj Auto and IndusInd Bank, while the losers included Cipla, LTIMindtree, UltraTech Cement, SBI Life Insurance and L&T.

The healthcare index was down 1% and IT index down 0.5% while the realty and oil & gas indices jumped 1% each. The BSE midcap index ended with marginal gains, while the smallcap index rose 0.4%.

23 Nov 2023, 03:24:36 PM IST

Fedbank Financial Services IPO booked 76%, retail quota fully subscribed

Fedbank Financial Services' IPO is now 76% subscribed on day 2, with bids received for 4.26 crore of the 5.6 crore shares on offer.

23 Nov 2023, 03:21:33 PM IST

Sensex Today Live: Anuj Choudhary, research analyst at Sharekhan by BNP Paribas, on the Indian rupee

"The Indian rupee erased early gains and depreciated on demand from importers and selling pressure from FIIs. However, a soft US dollar and a decline in crude oil prices cushioned the downside. Economic data from the US on Wednesday was better than expected, raising hawkishness.

“We expect the rupee to trade with a slight positive bias on IPO-driven dollar inflows and a weak tone in US dollar. The dollar eased on a strong euro, which rose on the back of better-than-expected PMI data out of Germany and the Eurozone. However, bargain buying by importers and FII outflows may cap a sharp upside. The USDINR spot price is expected to trade in the range of 83 to 83.60."

23 Nov 2023, 03:12:04 PM IST

Sensex Today Live: Govt plans to ask ONGC to consider rights issues to fund HPCL, Reuters reports

The Indian government plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, according to Reuters report, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy.

23 Nov 2023, 03:03:29 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was down 24 points or 0.04% at 65,999.24, and the Nifty was down 17.90 points or 0.09% at 19,793.90. 

23 Nov 2023, 03:03:29 PM IST

Sensex Today Live: NHPC shares extend gains

NHPC shares are in the green for the fifth day in a row, up nearly 1.4%. The stock is up 38.3% so far this year.

23 Nov 2023, 03:03:29 PM IST

Sensex Today Live: Auto sector Q2 review: Maruti, TVS Motor among Axis Securities' stock picks after earnings

The September quarter was a good one for the auto sector. In an earnings review report, brokerage house Axis Securities said companies under its coverage reported revenue, Ebitda, and profit-after-tax growth of 16%, 49% and 56% year-on-year, respectively. This was driven by higher ASPs, sales volumes, and operating leverage. Read more.

23 Nov 2023, 02:50:46 PM IST

Sensex Today Live: Zomato sheds 2.4%

Zomato's stock dropped 2.4% on Thursday after the company and its competitor Swiggy received notices from the country's top indirect tax agency regarding unpaid taxes totalling about 750 crore, as CNBC-TV18 reported on Wednesday.

23 Nov 2023, 02:48:02 PM IST

Sensex Today Live: IPO Updates

The IPOs of Tata Technologies, IREDA, Gandhar Oil Refinery and Flair Writing Industries have been heavily oversubscribed, while Fedbank Financial's issue continues to receive a tepid response on day 2.

23 Nov 2023, 02:45:09 PM IST

Sensex Today Live: Gold gains as weak US dollar, lower bond yields lift sentiment

Gold prices rose on Thursday, hovering close to a key $2,000 per ounce level as a weaker US dollar and lower Treasury yields buoyed demand for bullion.

Spot gold was up 0.4% at $1,996.84 per ounce at 7.47 am GMT after hitting a three-week high of $2,007.29 on Tuesday.

23 Nov 2023, 02:31:55 PM IST

Sensex Today Live: Fedbank Financial IPO receives muted response

Unlike those of Tata Technolgies, IREDA and Flair Writing, the IPO of Fedbank financial continues to see a muted response on day 2. The issue is only 46% subscribed so far, with none of the quotas fully booked.

23 Nov 2023, 02:17:41 PM IST

Sensex Today Live: InterGlobe Aviation in focus

The company has received a 740-crore order from the commissioner of income tax appeals for assessment years 2016-17 and 2017-18. It said it would contest the order. Its stock is trading flat today.

23 Nov 2023, 02:13:37 PM IST

Sensex Today Live: Tata Technologies' IPO issue booked 11 times, IREDA's more than 15 times

Investors continued to be especially bullish on two ongoing IPOs – those of Tata Technologies and the Indian Renewable Energy Development Agency. Tata Tech's IPO is subscribed 11 times so far on its second day, while IREDA's is subscribed more than 15 times on what is its final day.

23 Nov 2023, 02:07:09 PM IST

Sensex Today Live: Ajanta Pharma bucks sectoral trend

Shares of Ajanta Pharma are up around 2% while the wider sector is deep in the red with the Nifty Pharma index down around 1.4%, led by Cipla.

Ajanta Pharma's stock is up 62.3% so far this year.

23 Nov 2023, 02:04:18 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was up 72.56 points or 0.11% at 66,095.80, and the Nifty was up 11.00 points or 0.06% at 19,822.80.

23 Nov 2023, 01:50:28 PM IST

Sensex Today Live: CE Info Systems in focus

The provider of digital maps, geospatial software and location-based internet of things (IoT) technologies said the board of directors will meet on 27 November to consider issuing equity shares to raise funds.

23 Nov 2023, 01:49:45 PM IST

Sensex Today Live: Tamilnad Mercantile Bank in focus

The bank finalised three candidates for the post of MD and CEO and has submitted an application to the RBI. The stock is trading flat today.

23 Nov 2023, 01:35:03 PM IST

Sensex Today Live: IREDA IPO subscribed 11.66 times on final day

The 2,150-crore initial public offering of Indian Renewable Energy Development Agency been subscribed 11.66 times on the last day of bidding. Investors have bid for 549 crore equity shares against 47.09 crore shares on offer.

23 Nov 2023, 01:33:35 PM IST

Sensex Today Live: Stocks set to hit new highs in 2024 as economy hums: Reuters poll of experts

India's stock market will hit new highs in the next six months and rise over 10% by the end of 2024, driven by a sustained expansion of the economy, according to a Reuters poll of equity strategists.

23 Nov 2023, 01:18:21 PM IST

Sensex Today Live: SpiceJet stock hits 52-week high

Shares of SpiceJet hit a 52-week high of 48.38, up 10% cent on the BSE on Thursday. The stock has soared 27% in three days.

23 Nov 2023, 01:07:43 PM IST

Sensex Today Live: 1 pm market update

 At 1 pm the Sensex was up 53.41 points or 0.08% at 66,076.65, and the Nifty was up 4.20 points or 0.02% at 19,816.

23 Nov 2023, 01:06:56 PM IST

Sensex Today Live: Oil falls further after OPEC meeting postponed

Oil prices fell further on Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc. Both major crude contracts slipped more than 1% on news that the gathering would be postponed by four days to 30 November.

23 Nov 2023, 12:57:02 PM IST

Sensex Today Live: Asian stocks hold gains as confidence grows on lower interest rates next year

Asian shares were flat on Thursday as markets held on to their gains this week, highlighting the increasing confidence that interest rates globally will be lower next year.

23 Nov 2023, 12:44:20 PM IST

Sensex Today Live: Titan stock check

Shares of Titan Company hit a record high of 3,441.75 today, extending gains for the seventh straight session since 15 November. Its market cap crossed 3 lakh crore on 21 November. With strong revenue and profit growth in the September quarter and healthy guidance, experts are bullish on the stock. Should you buy?

23 Nov 2023, 12:28:20 PM IST

Sensex Today Live: Nifty smallcap indices surge again

Source: NSE
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Source: NSE
23 Nov 2023, 12:24:38 PM IST

Sensex Today Live: Tata Technologies IPO booked 9.92 times

Investors continue to flock to the Tata Technologies IPO which is now subscribed 9.92 times, with bids received for 44.68 crore equity shares against just 4.5 crore on offer.

23 Nov 2023, 12:16:37 PM IST

Sensex Today Live: Gold gains as softer US dollar, yields lift demand

Gold prices rose on Thursday, hovering close to $2,000 per ounce, as a weaker US dollar and lower US Treasury yields buoyed demand for bullion.

Spot gold was up 0.3% at $1,995.39 an ounce at 5.49 am GMT after hitting a three-week high of $2,007.29 on Tuesday.

23 Nov 2023, 12:04:19 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was down 3.05 points at 66,020.19, and the Nifty was down 10.80 points or 0.05% at 19,801.

23 Nov 2023, 11:53:13 AM IST

Sensex Today Live: Servotech Power Systems stock zooms 5% after bagging order for EV chargers from BPCL

Servotech Power Systems saw its shares jump 5% to 79.10 after it received an order for EV chargers from BPCL. The company said it would be responsible for manufacturing, supplying, and installing 2,649 AC EV chargers across the country, equipping petrol pumps in major Indian cities under the BPCL E-Drive project.

23 Nov 2023, 11:49:55 AM IST

Sensex Today Live: Cipla sheds almost 7% after USFDA flags issues at MP unit

Cipla's shares were down almost 7% on news that the US Food and Drug Administration had issued a warning letter to the firm’s Madhya Pradesh unit.

The letter, dated 17 November, highlights regarding methods or controls at the facility that do not conform to prescribed GMP regulations.

23 Nov 2023, 11:29:50 AM IST

Sensex Today Live: Mastek fined ₹11.68 lakh for delayed compliance with listing rules

Mastek has received notice from BSE and NSE for delayed compliance with listing regulations during the September quarter. The exchanges have each fined the company 5,84,000 plus GST.

23 Nov 2023, 11:15:14 AM IST

Sensex Today Live: CDSL stock jumps almost 4% on demat-account milestone

Shares of Central Depository Services (CDSL) jumped nearly 4% to 1,782 on the NSE after the it informed exchanges that it had crossed 10 crore registered demat accounts.

23 Nov 2023, 11:07:39 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was down 9.11 points or 0.01% at 66,014.13, and the Nifty was down 4.20 points or 0.02% at 19,807.60.

23 Nov 2023, 11:07:02 AM IST

Sensex Today Live: IPO roundup

Tata Technologies’ IPO has been subscribed 7.21 times so far on day 2, with bids received for 32.44 crore equity shares, against an offer size of 4.5 crore shares.

Flair Writing Industries’ 593 crore IPO was subscribed 2.69 times on Thursday (day 2). It had received bids for 3.87 crore shares against the issue size of 1.44 crore shares.

Fedbank Financial Services’ IPO has been subscribed 0.41 times so far on day 2, with bids received for 2.3 crore of the 5.6 crore shares on offer.

Gandhar Oil Refinery's 198-crore IPO has been subscribed 7.4 times on day 2, with bids coming in for 15.79 crore of 2.12 crore shares on offer.

The 2,150-crore initial public offering of Indian Renewable Energy Development Agency has been subscribed 5.49 times on its last day. Investors have so far bid for 258.57 crore equity shares against 47.09 crore on offer.

23 Nov 2023, 10:57:02 AM IST

Sensex Today Live: Mamaearth, Suzlon hit upper circuits

Shares of Mamaearth parent company Honasa Consumer hit the 20% upper circuit after the company announced a 94% year-on-year increase in consolidated net profit to 29 crore for the September quarter.

And after being in the red for three days, Suzlon shares also hit the upper circuit today, up 4.95%. The stock has gained 314.8% in just the past six months.

23 Nov 2023, 10:50:39 AM IST

Sensex Today Live: Realty sector drives gains

The Nifty Realty index is up 1.49%, while the pharma and healthcare indices are down around 0.8%.

Source: NSE
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Source: NSE
23 Nov 2023, 10:36:53 AM IST

Sensex Today Live: China stocks struggle

China stocks struggled on Thursday as investors remained cautious on domestic economic recovery and awaited more clues on stimulus measures.

The CSI 300 Index was flat by the lunch break, while the Shanghai Composite Index was up 0.2%. Hong Kong's Hang Seng Index was down 0.4%, and the Hang Seng China Enterprises Index was flat.

23 Nov 2023, 10:35:02 AM IST

Sensex Today Live: Nifty 50 winners and losers

Bajaj Auto and Hero Motocorp led the gainers while Cipla and Hindalco were the top losers among the Nifty 50.

Source: NSE
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Source: NSE
23 Nov 2023, 10:30:39 AM IST

Sensex Today Live: Shalby in focus

The company has executed an amendment to its operation and management agreement with the Santacruz Residents Association and Bhikhubai Chandulal Jalundwala General Hospital for the construction of a new hospital building at Santacruz in Mumbai. The stock is currently up more than 1%.

23 Nov 2023, 10:11:48 AM IST

Sensex Today Live: Man Infraconstruction stock surges 12%

Shares of Man Infraconstruction hit a new high of 178.95 on the BSE on Thursday, rallying 12% after the company said its board would meet on 29 November to consider a proposal to raise funds.

23 Nov 2023, 10:04:06 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was up 104.49 points or 0.16% at 66,127.73, and the Nifty was up 29.50 points or 0.15% at 19,841.30.

23 Nov 2023, 10:03:30 AM IST

Sensex Today Live: Rahul Kalantri, VP commodities, Mehta Equities

"Gold and silver prices experienced a decline on Wednesday, influenced by substantial gains in the US dollar index and a sharp drop in crude oil prices. Despite disappointing economic data, gold prices continued to test support around $2,000 per ounce but were unable to sustain it. The U.S. jobless claims for the last week fell to 209,000, surpassing the expected claims of 226,000.

"Crude oil prices also experienced a significant decline due to the postponement of the OPEC+ meeting over the weekend, contributing to the downward pressure on gold and silver prices. Traders exercised caution ahead of the U.S. Thanksgiving Day holiday, leading to profit booking. However, the negative U.S. core durable goods and durable goods orders data provided support to precious metal prices.

“We anticipate that gold and silver prices will remain volatile in today's session. Gold has support at $1,981-$1,968, with resistance at $2,008-$2,021. Silver has support at $23.50-$23.35, while resistance is at $23.86-$24.05. In INR, gold has support at 60,920- 60,760, with resistance at 61,280 and 61,470. Silver has support at 72,050- 71,380, and resistance at 73,570 and 74,130."

23 Nov 2023, 09:56:44 AM IST

Sensex Today Live: V K Vijayakumar, chief investment strategist, Geojit Financial Services

“The 10-year US bond yield hovering around 4.40% and the declining volume of FII selling augurs well for the market. Leading banking stocks weighed down by sustained FII selling and the recent RBI action increasing the risk weighting on unsecured loans are good long-term buys for patient investors."

23 Nov 2023, 09:44:00 AM IST

Sensex Today Live: Cipla down almost 2%

Cipla's stock is down nearly 2% after the company's Pithampur plant received a warning letter from the US Food and Drug Administration, which flagged product complaints and microbial combinations.

23 Nov 2023, 09:39:27 AM IST

Sensex Today Live: Mukta Arts in focus

Mukta A2 Multiplex WLL, a subsidiary of Mukta Arts in Bahrain, has struck a deal with Saudi Arabia’s Al-Othaim Investment Company to establish and operate cinemas across the kingdom.

23 Nov 2023, 09:37:34 AM IST

Sensex Today Live: Bajaj Auto stock hits all-time high

Bajaj Auto's stock is in the green for the seventh consecutive day, currently up over 2% after hitting an all-time high of 5,913.55 earlier today. The stock is up 64.11% year-to-date.

23 Nov 2023, 09:33:09 AM IST

Sensex Today Live: Rupee gains slightly against US dollar

The Indian rupee edged up 2 paise to 83.30 against the US dollar in opening trade.

23 Nov 2023, 09:29:02 AM IST

Sensex Today Live: Honasa Consumer stock surges on strong quarterly results

Mamaearth's parent company reported a 93% rise in net profit to 29.4 crore for the September quarter. Revenue from operations increased 21% to 496 crore.

23 Nov 2023, 09:25:43 AM IST

Sensex Today Live: BSE heatmap

Mid cap and small cap indices led the way as markets opened marginally higher on Thursday.

Source: BSE
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Source: BSE

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