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Business News/ Markets / Live Blog/  Sensex sheds 240 pts, Nifty 70 pts; all sectoral indices end in red
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Sensex sheds 240 pts, Nifty 70 pts; all sectoral indices end in red

24 min read . Updated: 22 Dec 2022, 03:42 PM IST
Vijay Kishore

Share Market Close: Indian markets closed in red with Sensex closing just above 60,800 and Nifty below 18,150. UPL sheds 3%; Bajaj Finserv and M&M drag. IT ends flat. Metal, Auto, Media, Realty fall the most.

Stock Market Today: Positive global cues might boost the sentiment despite rising Covid cases in ChinaPremium
Stock Market Today: Positive global cues might boost the sentiment despite rising Covid cases in China

Asian market mostly tracked the overnight US markets gain and ended in the green. Tokyo index gained in today's session, while Mainland China had a mixed day. Hong Kong closed in the green. Europe was trading higher in the morning session.

22 Dec 2022, 07:34:53 AM IST

Sula Vineyards IPO listing date today. Experts predict 'flat' debut of shares

Sula Vineyards IPO listing date has been fixed on 22nd December 2022. As per the information available on the BSE website, Sula Vineyards shares are going to become available for trading from 22nd December 2022 i.e. today on BSE and NSE. The BSE notice went on to add that Sula Vineyards shares listing will take place in a special pre-open session on Thursday morning.

Informing about Sula Vineyards share listing date, BSE notice says, "Trading Members of the Exchange are hereby informed that effective from Thursday, December 22, 2022, the equity shares of Sula Vineyards Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." However, due to weak stock market sentiments, both experts and the grey market are signalling a flat debut of Sula Vineyards shares on Dalal Street. (Read More)

22 Dec 2022, 07:30:50 AM IST

Mukesh Ambani's Reliance to acquire German firm Metro AG's India business

Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for ₹2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector.

Reliance Retail Ventures Limited (‘RRVL’), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire 100% equity stake in METRO Cash & Carry India Pvt Ltd. (‘METRO India’) for a total cash consideration of ₹2,850 crore, subject to closing adjustments. (Read More)

22 Dec 2022, 07:30:07 AM IST

Rupee declines by 14 paise to 82.84 against dollar

The rupee declined 14 paise to settle at 82.84 against the US dollar on Wednesday as a massive sell-off in domestic equities and risk aversion in global markets dented investor sentiment.

However, a weak greenback against major rivals overseas and fresh foreign fund inflows supported the domestic unit and capped the losses, forex traders said.

At the interbank forex market, the local unit opened weak at 82.76 against the greenback and witnessed an intra-day high of 82.66 and a low of 82.84.

It finally ended at 82.84, a decline of 14 paise over its previous close of 82.70. (PTI)

22 Dec 2022, 07:29:26 AM IST

Wall Street gained ground on Wednesday, turning higher for the week

Stocks closed broadly higher on Wall Street Wednesday and pushed major indexes into the green for the week, as investors welcomed a report showing consumer confidence is holding up better than expected.

The S&P 500 and Nasdaq composite each rose 1.5%. The Dow Jones Industrial Average gained 1.6% with a lot of help from Nike, which soared after reporting better-than-expected results.

The market got a boost from a report showing consumer confidence is surprisingly strong, despite inflation squeezing wallets. The Conference Board's consumer confidence index rose to 108.3 in December, up from 101.4 in November. The sharp rebound pushed the index to its highest level since April. Last month’s figure was the lowest since July.

“The news has delivered a kind of a sweet spot for the Federal Reserve," said Megan Horneman, chief investment officer at Verdence Capital Management. “The consumer is staying relatively resilient." (AP)

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