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Sensex ends on flat note, Nifty stays above 17,200; Auto, Metal, Oil & Gas drag

Stock Market Today: The blue-chip NSE Nifty 50 index ended in the red and the benchmark S&P BSE Sensex was in the green on Thursday.Premium
Stock Market Today: The blue-chip NSE Nifty 50 index ended in the red and the benchmark S&P BSE Sensex was in the green on Thursday.

  • Market closing: Indian shares were mixed on Thursday in thin trading as information technology and pharma sectors gained, while the country reported the highest jump in daily coronavirus cases in a month

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Indian equity markets were trading range-bound with a positive bias on Thursday. There was good buying support in IT and power stocks while banking stocks witnessed selling pressure. As the year draws to a close, investors are contemplating the implications of the fast-spreading omicron coronavirus variant, decreasing stimulus and elevated inflation stoked by supply-chain bottlenecks.

30 Dec 2021, 03:43:56 PM IST

Sensex ends on flat note, Nifty stays above 17,200; Auto, Metal, Oil & Gas drag

India's benchmark indices ended the December series on a flat note on Thursday.

Sensex rose 12.17 points or 0.02% to end the day at 57,794.32, and the Nifty was down 9.65 points or 0.06% at 17,203.95.

NTPC, IndusInd Bank, HCL Tech, Titan, and Cipla were among the top gainers on Nifty, while Bajaj Auto, Reliance, JSW Steel, Tata Steel, and Maruti fell.

IT index rose 1% and Pharma gained 0.44% while metal, oil & gas, banking indices ended lower. Broader markets were mixed with a negative bias.

On Sensex, 15 stocks of the total 30 ended in the green. NTPC was the top gainer.


Sensex stocks at the end of 30 December.
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Sensex stocks at the end of 30 December.
30 Dec 2021, 03:30:38 PM IST

Stocks firm on Europe's last full trading day

European shares inched higher on Thursday on hopes fresh coronavirus-related curbs and restrictions may not be needed going into the new year, even as a surge in COVID-19 cases due to the Omicron variant kept a lid on gains.

The pan-European STOXX 600 rose 0.2%, after edging 0.1% lower on Wednesday, with the tech sector and defensives, including healthcare and real estate , in the lead.

30 Dec 2021, 03:25:24 PM IST

Cars24 joins hands with Bajaj Finance

Cars24, an e-commerce platform for pre-owned vehicles, has collaborated with Bajaj Finance to facilitate a quick and streamlined used car financing.

This move follows a Series G funding round announced in December that saw Cars24 raise $400 million. As per the release, the consumer demand for pre-owned vehicles is skyrocketing, but the consumer financing penetration in the Indian used cars industry stands at only ~15%.


30 Dec 2021, 03:17:41 PM IST

Will multibagger Hindustan Copper deliver a show-stopping performance in 2022?

After nearly 8 years of consolidation, Hindustan Copper shares made a strong upmove in 2021. The stock has given multibagger return of over 100% this year (year-to-date). It appears that the multibagger stock might continue to enjoy the spotlight in 2022 as well, thanks to improving fundamentals and strong tailwinds for the copper sector, expects Ventura Securities.

EVs consume 3-4 times more copper as compared to Internal Combustion Engine (ICE) vehicles. Globally, EV and energy transition have been the largest demand drivers in the medium to long term. Moreover, copper is also used in the EV infrastructure. 

30 Dec 2021, 03:06:11 PM IST

Most active BSE stocks by volume

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30 Dec 2021, 02:56:12 PM IST

Top picks: 3 stocks to buy for 2022 as recommended by Sumeet Bagadia of Choice B

Sumeet Bagadia, Executive Director at Choice Broking has recommended top three stocks for the new year 2022 that one can look to buy, based on their technical trends, which includes auto stock Mahindra & Mahindra (M&M), metal stock Steel Authority of India (SAIL) and private lender ICICI Bank.

30 Dec 2021, 02:46:19 PM IST

Nifty Oil & Gas drops over 1%

Nifty Sectoral Index
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Nifty Sectoral Index
30 Dec 2021, 02:35:19 PM IST

Supriya Lifescience up over 8%

Supriya Lifescience
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Supriya Lifescience
30 Dec 2021, 02:25:29 PM IST

Top gainers/losers at this hour

Source: NSE
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Source: NSE
30 Dec 2021, 02:15:19 PM IST

Banks KYC: RBI extends deadline for periodic KYC update by three months

 Reserve Bank of India on Thursday extended the deadline for periodic KYC (know-your-customer) update in banks by three months till March 31, 2022. The extension has been granted in view of prevalent uncertainty due to a new variant of covid-19, it said.

30 Dec 2021, 02:05:09 PM IST

Phillips Carbon Black up 4.7%

Phillips Carbon Black
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Phillips Carbon Black
30 Dec 2021, 01:55:36 PM IST

Textile sector tax rate hike comes in GST Council focus

The increase in Goods and Services Tax (GST) rate in the textile sector scheduled to come into force from 1 January is set for a fresh look at the GST Council meeting on Friday.

Delhi Deputy Chief Minister Manish Sisodia said on Thursday that several businesses and small traders have sought relief on the proposed tax rate increase meant to fix a tax anomaly.

30 Dec 2021, 01:45:31 PM IST

Nifty broad market indices mostly flat

Nifty Broad Market Index
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Nifty Broad Market Index
30 Dec 2021, 01:35:23 PM IST

India imposes stricter rules to prevent COVID-19 spread during festive season

Indian authorities started to impose stringent rules on Thursday to prevent mass gatherings at parties and public venues ahead of new year celebrations as the nation sees a spike in COVID-19 infections.

Night curfews have been imposed in all major cities and restaurants ordered to limit customers, officials said.

However, state authorities were finding it difficult to limit crowding in markets, religious sites and holiday destinations as they were allowed to remain open, the officials said.

30 Dec 2021, 01:26:06 PM IST

Granules India gets USFDA nod for its generic Amphetamine mixed salts

Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy.

The approval granted by the US Food and Drug Administration (USFDA) to Granules Pharmaceuticals, Inc (GPI), a wholly-owned arm, is for the abbreviated new drug application (ANDA) of amphetamine mixed salts of strengths 5mg, 7.5mg, 10mg, 12.5mg, 15mg, 20mg and 30mg immediate release tablets, the company said in a statement.

30 Dec 2021, 01:16:59 PM IST

Bitcoin Faces a Year-End Technical Test After its December Swoon

Bitcoin is continuing its December retreat and testing a key technical level that over the past two years has tended to act as a floor for the world’s largest cryptocurrency.

The digital asset fell as much as 2.7% in Asia on Thursday and was trading at about $46,700 as of 2:15 p.m. in Singapore. It’s down some 18% this month amid a broader retreat in the crypto sector.

Bitcoin’s drop has taken the token to its 55-week moving average, a level it effectively held after a December flash crash and during the mid-year embers of a crypto rout. The technical study suggests a decisive break below the average would put a slide to $40,000 in play.

30 Dec 2021, 01:06:40 PM IST

Sitharaman chairs pre-budget meeting with state finance ministers

Union Finance Minister Nirmala Sitharaman is chairing a pre-budget consultation meeting with finance ministers of states and union territories (UTs). The meeting is taking place at Vigyan Bhawan in the national capital.

Several chief ministers who hold finance portfolios are also attending the meeting.

30 Dec 2021, 12:56:14 PM IST

Markets at this hour

18 of 30 Sensex stocks trading in the green.
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18 of 30 Sensex stocks trading in the green.
30 Dec 2021, 12:45:00 PM IST

The number 3 cryptocurrency, with 1,300% rally this year, outshines rivals Bitcoin and Ether

Bitcoin and Ether's rival, which is the three largest cryptocurrency by market capitalization, Binance Coin (BNB) has significantly outperformed the two most popular digital tokens. Binance coin has skyrocketed nearly 1,300% this year (year-to-date). BNB is used widely on Binance, the world’s biggest crypto exchange by volume.

30 Dec 2021, 12:34:00 PM IST

Nifty IT up 1%

Nifty IT index
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Nifty IT index
30 Dec 2021, 12:22:21 PM IST

Driving into 2022, road sector set for 'better' days with more projects

All weather terrain' might well be a befitting description for the country's road sector. Weathering the pandemic-induced twists and turns, the sector will see more stretches of national highways, completion as well as awarding of multiple projects and fund raises in 2022, making it a "better" year than the passing one.

Connectivity with remote and tough terrains, decongesting major points in the road network, an integrated multi-modal national network of transportation and logistics, and steering ahead with the ambitious voluntary vehicle scrappage policy are also on the 2022 radar.

30 Dec 2021, 12:12:11 PM IST

Gold set for worst performance in six years, probes $1,800

Gold was on course to record its worst performance in six years, as prices hovered around a key support level in thin trade on Thursday, pressured by firm Treasury yields.

Spot gold was down 0.3% at $1,798.33 per ounce by 0539 GMT, dipping below $1,800, a level it has closed above consistently for a week.

U.S. gold futures fell 0.3% to $1,799.50.

30 Dec 2021, 12:02:54 PM IST

Sectoral indices, except, IT, FMCG, and Pharma, in the red

Source: NSE
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Source: NSE
30 Dec 2021, 11:52:16 AM IST

Wood panel makers' stocks are poised to benefit from consolidation

Post-covid, listed companies in the home decor industry have been in focus, especially for market share gains from their regional and smaller counterparts. Rising working capital needs and elevated raw material prices have put companies operating in the unorganised sectors in a tight spot at the peak of the pandemic, which benefitted larger companies.

Among the various segments of the home decor industry, analysts say, wood panel makers would see higher growth than pipe and tile makers, driven by the consolidation theme.

30 Dec 2021, 11:41:15 AM IST

Oil prices stay firm on fuel demand despite COVID-19 surge

Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections.

Brent crude futures rose 24 cents, or 0.3%, to $79.47 a barrel at 0502 GMT, up for a fourth day. U.S. West Texas Intermediate (WTI) crude futures rose 26 cents, or 0.3%, to $76.82 a barrel for a seventh session of gains.

30 Dec 2021, 11:31:45 AM IST

Kalpataru Power bags orders worth ₹1,560 crore; share price rises

Kalpataru Power Transmission Ltd on Thursday said that it has bagged new orders worth 1,560 crore.

"Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, has secured new orders/notifications of award of 1,560 crores," the company said in a statement.


30 Dec 2021, 11:19:58 AM IST

Rupee gains 15 paise to 74.56 against US dollar in early trade

The rupee appreciated by 15 paise to 74.56 against the US dollar in opening trade on Thursday, tracking gains in domestic equity markets.

At the interbank foreign exchange, the rupee opened strong at 74.56 against the American dollar, registering a rise of 15 paise from the last close.

The rupee on Wednesday settled just one paisa lower at 74.71 against the US dollar.

Positive moves in Indian equity indices aided sentiments, forex traders said, adding that trading is likely to remain range-bound this week ahead of the year-end holidays.

30 Dec 2021, 11:09:04 AM IST

EPFO extends the last date for the e-nomination facility. Details here

Retirement fund body Employees' Provident Fund Organization (EPFO) has advised its account holders to do e-nomination.

The retirement fund body in a tweet has said that the account holders will be able to add nominees through the e-nomination facility even after 31 December as well.

30 Dec 2021, 10:56:12 AM IST

RBI approves Rajeev Ahuja's appointment as interim MD & CEO of RBL Bank

RBL Bank on Thursday informed that the Reserve Bank of India (RBI) has approved the appointment of Rajeev Ahuja as Interim Managing Director & CEO of the bank for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD & CEO, whichever is earlier. 

30 Dec 2021, 10:45:15 AM IST

Anthony Fauci says Omicron cases likely to peak by end of January in USA

Cases involving the coronavirus Omicron variant will likely peak by the end of January, presidential medical adviser Anthony Fauci said.

30 Dec 2021, 10:35:34 AM IST

GST Council to meet on Friday ahead of key tax changes taking effect

Federal indirect tax body the Goods and Services Tax (GST) Council will meet on Friday on the eve of several key GST related amendments scheduled to be coming into effect in the new year including tax rate changes in the textile and footwear sectors.

30 Dec 2021, 10:25:13 AM IST

After 34 days, India's single-day Covid cases surpass 10,000-mark; Omicron tally 961

30 Dec 2021, 10:16:57 AM IST

Sensex 100 points up

BSE Sensex
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BSE Sensex
30 Dec 2021, 10:09:40 AM IST

HDFC Securities has 'Buy' on this multibagger specialty chemical stock, sees upside in 1-3 months

Deepak Nitrite shares are in an intermediate uptrend as the specialty chemical stock has been making higher tops and higher bottoms for the last several months, said brokerage house HDFC Securities. The brokerage sees more upside on the multibagger stock in 1-3 months. 

30 Dec 2021, 10:03:14 AM IST

Govt extends GST annual return filing deadline for FY21

The government has extended the deadline for businesses to file Goods and Services Tax (GST) annual returns for FY 2020-21. The due dates to file GSTR 9 & 9C for FY20-21 has been extended to February 28, 2022 from December 31, 2021, announced the Central Board of Indirect Taxes & Customs (CBIC) on Wednesday.

30 Dec 2021, 09:48:02 AM IST

CMS Info Systems IPO: Latest GMP ahead of shares listing

Cash management company CMS Info Systems Limited's three-day initial public offering (IPO) was subscribed 1.95 times on the last day of subscription that closed on December 23. The initial share sale received bids for 7,32,71,721 shares against 3,75,60,975 shares on offer.

The share allotment has been finalized and now all eyes are on the company's shares listing which is expected to make its market debut on stock exchanges BSE and NSE this week on Friday, December 31, 2021. As per market observers, CMS Info Systems shares are available at a premium (GMP) of 5 in the grey market today.

30 Dec 2021, 09:39:19 AM IST

BSE SmallCap in the green

BSE SmallCap trading nearly 0.50% up.
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BSE SmallCap trading nearly 0.50% up.
30 Dec 2021, 09:28:54 AM IST

Most active stocks on NSE

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30 Dec 2021, 09:24:47 AM IST

Sensex at open

Source: BSE
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Source: BSE
30 Dec 2021, 09:17:53 AM IST

Nifty at open

Source: NSE
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Source: NSE
30 Dec 2021, 09:12:31 AM IST

Markets in pre-open

BSE Sensex
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BSE Sensex
30 Dec 2021, 09:04:53 AM IST

Nifty in pre-open

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30 Dec 2021, 08:55:25 AM IST

Day trading guide for Thursday

4 stocks to buy or sell today — 30th December

30 Dec 2021, 08:44:58 AM IST

RBL Bank, Vodafone Idea continue to be among stocks under F&O ban on NSE

The same three stocks continue to be under the ban for trade on Thursday, December 30, 2021 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been put on ban under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE.

RBL Bank, Vodafone Idea and Indiabulls Housing Finance are the stocks, that have been part of the banned list in the past few sessions, continue to remain in the same by the stock exchange for today.

30 Dec 2021, 08:35:25 AM IST

FM Sitharaman to hold pre-Budget meet with state finance ministers today

Finance Minister Nirmala Sitharaman will hold a meeting with finance ministers of states on Thursday as part of customary pre-Budget consultations with various stakeholders.

30 Dec 2021, 08:24:06 AM IST

Dollar, yen soft in thin trading after U.S. equities hit record highs

The dollar and yen were at the low end of their recent ranges in thin holiday trading on Thursday, having fallen overnight as investors favoured riskier currencies along with equities.

The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread lockdowns, even as the Omicron variant of the coronavirus surges.

30 Dec 2021, 08:10:45 AM IST

Stocks to Watch: Bajaj Finance, NTPC, Paytm, Federal Bank, BPCL

Here is the list of the top 10 stocks that are likely to be in focus on Thursday:

30 Dec 2021, 07:56:09 AM IST

SGX Nifty futures trading 29 points (0.17%) higher at 17,298.50 in early deals

30 Dec 2021, 07:46:51 AM IST

Omicron Yet to Curb Driving Across Most of Asia in Boon for Oil

The rapid spread of omicron has yet to dampen road traffic across most of Asia even as it leads to restrictions in parts of Europe, suggesting energy demand in the region may be spared a significant hit.

More cars have thronged the main roads in December amid year-end festivities than seen last month. All but one major Asian country registered a rise in mobility on-month, according to data compiled by Bloomberg using Apple Inc. mobility statistics until Dec. 27.

The broadly positive picture from Asia -- at least so far -- may help to support gasoline demand and refining margins, which in turn could aid physical crude consumption and oil futures into 2022. Global benchmark Brent advanced by more than 3% in the week leading up to Christmas, and has extended gains since then, briefly retopping the $80-a-barrel level on Wednesday.

30 Dec 2021, 07:35:17 AM IST

Asian stocks mixed

Asian stocks were mixed Thursday after U.S. shares edged up to another all-time high amid light volumes in the final days of the year. Treasury yields held a climb.

Shares fluctuated in Japan, China and Hong Kong, where artificial intelligence giant SenseTime Group Inc. jumped on its first day of trading. U.S. equity futures were little changed, after the S&P 500 reached the 70th record close of the year on Wednesday.

The 10-year Treasury yield’s advance took it above its 50-day moving average for the first time in about a month. Australia’s 10-year bond yield increased too. A dollar gauge was steady and crude oil rose.

China’s battered property developers and regulatory crackdown are again in focus heading toward 2022. Some holders of two China Evergrande Group dollar bonds with coupons due Tuesday said they had yet to receive payment.

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