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Business News/ Markets / Live Blog/  Market highlights: Sensex up 92 pts at close, Nifty above 19,800
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Market highlights: Sensex up 92 pts at close, Nifty above 19,800

Sensex Today | Share Market Live Updates: At close, the Sensex was up 92.47 points or 0.14% at 66,023.24, and the Nifty was up 28.40 points or 0.14% at 19,811.80

Sensex Today | Share Market Live Updates: As many as four IPOs opened for subscription today (Photo: AP)Premium
Sensex Today | Share Market Live Updates: As many as four IPOs opened for subscription today (Photo: AP)

Sensex Today | Share Market Live Updates: Benchmark equity indices were in the red for much of Wednesday, after the RBI flagged the risks of contagion to banks from NBFCs, but climbed into possitive territory and closed in the green.

At close, the Sensex was up 92.47 points or 0.14% at 66,023.24, and the Nifty was up 28.40 points or 0.14% at 19,811.80. 

Top gainers on the Nifty were BPCL, Cipla, NTPC, Infosys and Power Grid Corporation, while losers included IndusInd Bank, Hindalco Industries, Kotak Mahindra Bank, Adani Enterprises and Adani Ports.

Power Grid, Titan, NTPC and Bajaj Finserv were notable winners among the Sensex 30, while IndusInd Bank dropped 2.3%. Other major losers included Kotak Bank, ICICI Bank and Tata Motors. The BSE MidCap index was flat, while SmallCap index shed around 1%.

The BSE Midcap index rose 0.3%, while the SmallCap index was down 0.7%.

Major European equity markets opened in the green on Wednesday as investors shrugged off a tepid Asian performance before a key budget update in Britain. London's benchmark FTSE 100 index rose 0.3% to 7,501.98 points ahead of UK finance minister Jeremy Hunt's budget update, known as the Autumn Statement.

Earlier, stocks in Asia dropped as the rally in US stocks stalled and Big Tech fell, with the S&P 500 and the Nasdaq both snapping five-day winning streaks. Nvidia slipped in late trading after investors were underwhelmed by its latest quarterly update.

Meanwhile gold touched a two-week high, while minutes from the Federal Reserve’s most recent meeting showed the central bank is "in a position to proceed carefully".

As many as four IPOs opened for subscription today – Tata Technologies, Gandhar Oil Refinery, Flair Writing Industries and Fedbank Financial Services.

 

22 Nov 2023, 03:43:54 PM IST

Sensex Today Live: Prashanth Tapse, senior VP, Mehta Equities, on Tata Tech's IPO

 "Among the 4 to 5 IPO's, Tata Tech's is high in demand due to its legacy and business performance. We like the company's strong established brand and diverse product portfolio across different product categories. Valuations are reasonably priced and we strongly recommend all set of investors to subscribe to the issue for the long term."

22 Nov 2023, 03:37:29 PM IST

Sensex Today Live: Rupee ends flat against US dollar

The rupee ended flat at 83.32 per dollar on Wednesday, against Tuesday's close of 83.35.

22 Nov 2023, 03:36:41 PM IST

Sensex Today Live: Market close

At close, the Sensex was up 92.47 points or 0.14% at 66,023.24, and the Nifty was up 28.40 points or 0.14% at 19,811.80.

22 Nov 2023, 03:22:57 PM IST

Sensex Today Live: Anuj Choudhary, research analyst, Sharekhan by BNP Paribas

"The rupee strengthened slightly today on IPO-related inflows. However, a recovery in the US dollar and weak domestic markets capped sharp gains. The dollar recovered after the FOMC was slightly hawkish. Though the minutes showed most members holding rates, they left the door open for more tightening if progress on inflation falters.

“We expect the rupee to trade with a slight positive bias towards dollar inflows due to IPOs in the domestic markets. However, a positive tone in US dollar and expectations that crude oil prices may also surge may cap sharp upside. Traders may take cues from weekly unemployment claims and durable goods orders data from the US. USDINR spot price is expected to trade in a range of 83 to 83.60."

22 Nov 2023, 03:13:35 PM IST

Sensex Today Live: Tata Technologies IPO subscribed 5.11 times

Tata Technologies’s 3,042.51-crore IPO, the first public issue in over 20 years from the Tata Group, has been subscribed 5.11 times already, with investors buying 23 crore equity shares against an offer size of 4.5 crore.

22 Nov 2023, 03:07:33 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was up 101.77 points or 0.15% at 66,032.54, and the Nifty was up 30.40 points or 0.15% at 19,813.80.

22 Nov 2023, 02:54:39 PM IST

Sensex today Live: PSU banks under pressure

The Nifty PSU Bank index is the top loser among sectoral indices, down 1.37%.

22 Nov 2023, 02:50:31 PM IST

Sensex Today Live: BLOCK DEAL ALERT | 28.7 lakh shares of Delhivery change hands

22 Nov 2023, 02:40:02 PM IST

Sensex Today Live: European stocks open higher before UK budget

Major European equity markets opened in the green on Wednesday as investors shrugged off a tepid Asian performance before a key budget update in Britain. London's benchmark FTSE 100 index rose 0.3% to 7,501.98 points ahead of UK finance minister Jeremy Hunt's budget update, known as the Autumn Statement.

22 Nov 2023, 02:26:35 PM IST

Sensex Today Live: Sea of red on BSE

Source: BSE
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Source: BSE
22 Nov 2023, 02:13:13 PM IST

Sensex Today Live: Dr Reddy's, Glenmark and Zydus recalling products in the US over manufacturing issues, says FDA

Dr Reddy's Laboratories, Glenmark Pharma and Zydus are recalling products in the US market for manufacturing issues, the US Food and Drug Administration (USFDA) has said. In its latest enforcement report, the health regulator said Princeton-based Dr Reddy's Laboratories Inc, a unit of the Hyderabad-based drug firm, is recalling 1,656 bottles of Montelukast sodium tablets.

22 Nov 2023, 02:07:22 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was down 147.36 points or 0.22% at 65,783.41, and the Nifty was down 41.90 points or 0.21% at 19,741.50.

22 Nov 2023, 02:00:36 PM IST

Sensex Today Live: Tata Technologies IPO subscribed 3.64 times

Tata Technologies’s 3,042.51-crore IPO has been subscribed 3.64 times, with investors buying 16.37 crore equity shares against an offer size of 4.5 crore shares.

22 Nov 2023, 01:43:27 PM IST

Sensex Today Live: Gandhar Oil IPO booked 2.5 times

Gandhar Oil Refinery's 198-crore IPO was fully subscribed on day 1, with bids coming in for 5.38 crore shares, against a total of 2.12 crore shares on offer. The public issue was subscribed 2.53 times, with the retail quota subscribed 3.18 times.

22 Nov 2023, 01:21:46 PM IST

Sensex Today Live: CG Power stock at record high as it seeks approval for chip assembly and testing unit

Shares of CG Power and Industrial Solutions Ltd surged almost 20% after the company said it has applied to the union government to set up an outsourced semiconductor assembly and test facility.

22 Nov 2023, 01:19:21 PM IST

Sensex Today Live: Small-cap indices tank

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22 Nov 2023, 01:04:09 PM IST

Sensex Today Live: 1 pm market update

At 1 pm the Sensex was down 165.73 points or 0.25% at 65,765.04, and the Nifty was down 45.60 points or 0.23% at 19,737.80.

22 Nov 2023, 12:59:49 PM IST

Sensex Today Live: Flair Writing IPO subscribed 0.71 times

Flair Writing Industries’s 593-crore IPO was subscribed 0.71 times by noon. The company received bids for 1.01 crore of the 1.44 crore shares on offer. Retail investors bid for 1.1 times their quota, while non-institutional investors bid for 73% of the shares reserved for them.

22 Nov 2023, 12:45:56 PM IST

Sensex Today Live: Gandhar Refinery IPO subscribed 1.28 times

The portion for retail investors for subscribed 1.85 times, but no bids were received from qualified institutional buyers. Earlier, the Tata Technologies IPO was fully subscribed within two hours.

22 Nov 2023, 12:31:38 PM IST

Sensex Today Live: Nikkei rebounds from one-week low

Japan's Nikkei index gained on Wednesday, rebounding from early declines as a weaker yen buoyed exporter shares, even as chip stocks dragged. It closed up 0.29% at 33,451.83.

22 Nov 2023, 12:29:25 PM IST

Sensex Today Live: Aurobindo Pharma shares jump 2%

Aurobindo Pharma shares are up 2% to a fresh 52-week high of 1,042.95 after the company said its subsidiary Acrotech Biopharma, along with Evive Biotech, received approval from the USFDA for the Ryzenuta injection, used to treat chemotherapy-induced neutropenia.

22 Nov 2023, 12:15:35 PM IST

Sensex Today Live: Reliance to invest ₹20,000 crore in West Bengal over next three years, says Mukesh Ambani

Reliance Industries chairman and managing director Mukesh Ambani said at the Bengal Global Business Summit that the company plans to invest 20,000 crore in West Bengal over the next three years. It is also planning to build a compressed biogas plant in the state.

22 Nov 2023, 12:03:56 PM IST

Sensex Today Live: 12 pm market update

At noon the Sensex was down 79.73 points or 0.12% at 65,851.04, and the Nifty was down 18.30 points or 0.09% at 19,765.10.

22 Nov 2023, 11:51:03 AM IST

Sensex Today Live: BREAKING NEWS | Sam Altman to return as CEO of OpenAI

Sam Altman will return as CEO of OpenAI after vercoming an attempted boardroom coup that sent the company into chaos over the past several days, The Verge and others are reporting. The company has just tweeted that it has an “agreement in principle" for Altman to return alongside a new board composed of Bret Taylor, Larry Summers, and Adam D’Angelo. D’Angelo is a holdover from the previous board.

22 Nov 2023, 11:51:03 AM IST

Sensex Today Live: IDBI shares tank more than 4%

Shares of IDBI Bank fell more than 4% to 59.50 on the NSE after a bidding process to hire an asset valuer for the government's planned share sale in the lender was cancelled.

22 Nov 2023, 11:40:58 AM IST

Sensex Today Live: Tata Technologies IPO subscribed 1.88 times

Tata Technologies’s 3,042.51-crore IPO was subscribed 1.88 times within hours, with investors bidding for 8.44 crore equity shares against 4.5 crore on offer.

Retail investors had bid for 1.56 times their quota of shares, while the portion set aside for high-networth individuals (HNIs) was subscribed 2.62 times and qualified institutional buyers (QIB) 1.98 times, data from the exchanges showed.

22 Nov 2023, 11:36:03 AM IST

Sensex Today Live: Headline inflation remains vulnerable to internal and external shocks, says RBI governor

Headline inflation remains vulnerable to recurring and overlapping shocks due to overseas and domestic factors, RBI Governor Shaktikanta Das said at the start of his address at a FICCI event on Wednesday. He added there is evidence that household inflation expectations are becoming more anchored.

22 Nov 2023, 11:10:33 AM IST

Sensex Today Live: Nifty IT index up 0.4%

Source: NSE
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Source: NSE
22 Nov 2023, 11:04:32 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 53.31 points or 0.08% at 65,984.08, and the Nifty was up 19.90 points or 0.10% at 19,803.30.

22 Nov 2023, 11:01:00 AM IST

Sensex Today Live: Which is the best-performing Nifty 50 stock this year?

Tata Motors, the third-highest-valued Tata Group company, has seen its stock rise 77% so far this year, making it the top-performing stock on the Nifty 50. This is also the stock’s second-best annual performance since 2009. It rose 163% in 2021.

22 Nov 2023, 10:52:17 AM IST

Sensex Today Live: GMR Power stock jumps 5% on GMR Energy stake buy

Shares of GMR Power and Urban Infrastructure jumped 5% to 42 after the company acquired an additional 29.2% percent stake in its subsidiary GMR Energy.

22 Nov 2023, 10:37:14 AM IST

Sensex Today Live: Nifty Realty index down almost 1%

Source: NSE
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Source: NSE
22 Nov 2023, 10:31:39 AM IST

Sensex Today Live: Small caps struggle

Source: NSE
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Source: NSE
22 Nov 2023, 10:27:55 AM IST

Sensex Today Live: Texmaco Rail in focus

Texmaco Rail launched its qualified institutions placement (QIP) issue on 21 November to raise 750 crore, including a green shoe option of 200 crore. The floor price for the issue has been fixed at 135.90 a share. The company plans to use the proceeds for capex, repayments, and as working capital.

22 Nov 2023, 10:27:55 AM IST

Sensex Today Live: Jio Financial seeks RBI go-ahead to convert from NBFC to CIC

Jio Financial Services has applied to the Reserve Bank of India (RBI) to convert itself from a non-banking financial company (NBFC) into a core investment company (CIC) following a regulatory mandate, according to an exchange filing dated 21 November.

22 Nov 2023, 10:15:16 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was up 94.49 points or 0.14% at 66,025.26, and the Nifty was up 31.40 points or 0.16% at 19,814.80.

22 Nov 2023, 10:12:48 AM IST

Sensex Today Live: LIC increases its stake in Bank of Baroda to more than 5%

Life Insurance Corporation of India has bought 24.39 lakh shares in Bank of Baroda, taking its stake from 4.984% to 5.031%.

22 Nov 2023, 10:10:58 AM IST

Sensex Today Live: Rupee falls 4 paise to 83.32 against US dollar in early trade

22 Nov 2023, 09:52:40 AM IST

Sensex Today Live: Three stocks hit all-time highs

Cipla shares hit an all time-high of 1,279.9 today, having gained 38.2% in the past six months. Tata Motors and Sun Pharma also hit all-time highs today.

22 Nov 2023, 09:48:56 AM IST

Sensex Today Live: BPCL board to consider interim dividend on 29 Nov

Bharat Petroleum Corporation has said the board of directors will meet on November 29 to consider declaring an interim dividend for FY24.

22 Nov 2023, 09:47:10 AM IST

Sensex Today Live: Realty, metal, private banks drag

Source: NSE
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Source: NSE
22 Nov 2023, 09:42:46 AM IST

Sensex Today Live: Rahul Kalantri, VP commodities, Mehta Equities, on gold and silver prices

“Gold prices surged, reaching a three-week pinnacle and reclaiming the $2,000 mark on Tuesday. Silver prices also experienced significant gains. The upswing in precious metals was driven by futures traders covering short positions, along with discouraging data on US home sales and leading economic indicators unveiled yesterday. However, the US Federal Reserve indicated in its November month meeting minutes, released on Tuesday, a potential for maintaining higher interest rates for a longer period, which could potentially limit the gains of precious metals. A pause in further rate hikes, however, could provide support for gold and silver prices."

22 Nov 2023, 09:28:57 AM IST

Sensex Today Live: Sulzon's fall continues

Suzlon shares are down for the third straight day today after rising over six sessions. The stock is already down almost 5% today but has still gained 303.8% in the past six months.

22 Nov 2023, 09:27:26 AM IST

Sensex Today Live: Early winners and losers on NSE

Source: NSE
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Source: NSE
22 Nov 2023, 09:25:19 AM IST

Sensex Today Live: Small cap indices fall in early trade

Source: BSE
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Source: BSE
22 Nov 2023, 09:20:03 AM IST

Sensex Today Live: Market opens flat

Indian indices opened flat amid mixed global cues.

22 Nov 2023, 09:06:31 AM IST

Sensex Today Live: CCI clears Titan's CaratLane Trading stake buy 

The Competition Commission of India has approved Titan’s acquisition of an additional 27.18% stake in CaratLane Trading. Titan will acquire the shares from Mithun Padam Sacheti, Siddhartha Padam Sacheti and Padamchand Sacheti.

22 Nov 2023, 08:56:21 AM IST

Sensex Today Live: Fedbank Financial Services raises ₹325 crore from anchor investors

Fedbank Financial Services raised 324.68 crore through its anchor book on Tuesday. It is one one of four companies launching their IPOs today.

22 Nov 2023, 08:54:10 AM IST

Sensex Today Live: Asian stocks slip as dovish Fed cheer fades

Asian stocks backed away from two-and-a-half-month highs on Wednesday and the dollar found support as enthusiasm about the prospect of an end to US rate hikes faded. MSCI's broadest index of Asia-Pacific shares outside Japan has gained more than 3% since a week ago and hit its highest since September on Tuesday, but fell 0.2% in early trade on Wednesday. Japan's Nikkei rose 0.5%.

22 Nov 2023, 08:51:07 AM IST

Sensex Today Live: Stocks to Watch: Maruti, Titan, TCS, Reliance, Texmaco Rail

Maruti Suzuki India: The automobile major said the board of directors will meet on 24 November to consider allotting 1,23,22,514 equity shares of the company to Suzuki Motor Corporation on a preferential basis.

Titan Company: The Competition Commission of India has approved Titan’s acquisition of an additional 27.18% stake in CaratLane Trading. Titan will acquire the shares from Mithun Padam Sacheti, Siddhartha Padam Sacheti and Padamchand Sacheti. Read more.

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