Share Market News Today Updates, 1 December 2022: Trends on SGX Nifty indicated a higher opening for the domestic markets.Share Market Updates Today: Indian equity benchmarks settled at record high levels on Thursday, extending gains for the eighth straight session amid positive cues from the global markets. Although, gains in domestic indices were slightly capped on slower economic growth concerns. India posted annual economic growth of 6.3 per cent in its July-September quarter, less than half the 13.5 per cent growth in the previous three months. Asian shares climbed, tracking an overnight surge in Wall Street after US Federal Reserve chairman Jerome Powell said the central bank could slow its pace of interest rate hikes as soon as December. Japan's Nikkei gained 0.92 per cent, while South Korea's Kospi rose 0.30 per cent, China's Shanghai Composite moved 0.45 per cent higher and Hong Kong's Hang Seng index jumped 0.75 per cent. All three major US stock indexes settled sharply higher. However, US stock futures fell, indicating a lower opening for Wall Street later today. S&P futures slipped 0.18 per cent, Nasdaq futures fell 0.27 per cent and Dow Futures shed 0.25 per cent. Back home, foreign institutional investors bought net of Rs 9,010.41 crore equities on Wednesday, while domestic investors sold Rs 4,056.40 crore worth of shares, as per provisional NSE data.
Here are the share market highlights:
The Bank Nifty index faced range-bound trading between 43,000-43,500 levels where the bulls and the bears were active. The index to resume the up move must surpass the level of 43,500 on the upside on a closing basis. The undertone remains bullish and one should keep a buy-on-dip approach with strong support at the 43,000-42,800 zone.
The Nifty bulls took the index to a new life high on a robust global cue. However, the index closed 75 points off the day's high as the index found resistance at the higher levels. The RSI on the daily chart has given a falling trendline breakout. Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000; whereas, supports are placed at 18,700/18,500.
BSE 500 stocks such as Aditya Birla Capital, Apollo Tyres, BHEL, Britannia, Cochin Shipyard, Cummins India, Escorts, JK Lakshmi Cement, KRBL, Lemon Tree, L&T and Mazagon Dock Shipbuilders hit their 52-week highs today.
The overall market breadth stood strong as 2,064 shares advanced while 1,415 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 289.76 lakh crore.
Nine out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty IT, Nifty PSU Bank and Nifty Metal outperformed the NSE platform by rising as much as 2.40 per cent, 2.11 per cent and 1.52 per cent, respectively. In contrast, Nifty Oil & Gas, Nifty FMCG and Nifty Auto slipped 0.56 per cent, 0.36 per cent and 0.30 per cent, each.
HDFC Bank, ICICI Bank, Reliance Industries, Tata Steel, Infosys, SBI, HDFC, UltraTech Cement, L&T Tech and Bandhan Bank were among the most active stock on NSE, in terms of volume.
Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 gained 0.77 per cent and small-cap rose 0.43 per cent.
On the stock-specific front, UltraTech Cement was the top Nifty gainer as the stock soared 2.84 per cent to close at Rs 7,278. Hindalco, Tata Steel, Grasim, TCS were also among the gainers. In contrast, ICICI Bank, UPL, Cipla, Eicher Motors and Bajaj Auto were among the top losers.
Sensex rises 185 points or 0.29 per cent to hit a record closing of 63,284.19, Nifty moves 54 points or 0.29 per cent higher to touch a fresh closing peak of 18,812.50
Shares of JP Associates climbed 9.97 per cent to hit the upper circuit band of Rs 10.70. A total of 25.18 lakh shares changed hands today, amounting to a turnover of Rs 2.61 crore. The company's market capitalisation (m-cap) stood at Rs 2,626.42 crore.
Shares of L&T Technology Services Ltd surged 9.09 per cent to trade at Rs 4,160. The stock touched a day high of Rs 4,188.70. A total of 43,000 shares changed hands today, amounting to a turnover of Rs 17.52 crore. The company's market capitalisation (m-cap) stood at Rs 43,921.07 crore.
Shares of Chemplast Sanmar Ltd zoomed 10.87 per cent to trade at Rs 430. The stock touched a day high of Rs 431.85. A total of 75,000 shares changed hands today, amounting to a turnover of Rs 3.12 crore. The company's market capitalisation (m-cap) stood at Rs 6,798.71 crore.
Shares of Reliance Industries rose 0.20 per cent to trade at Rs 2739.20 today, extending their gains for the sixth straight session. The stock touched a day high of Rs 2,855. A total of 1.95 lakh shares changed hands today, amounting to a turnover of Rs 53.56 crore. The company's market capitalisation (m-cap) stood at Rs 18,53,191.30 crore.
Shares of KSB Ltd fell 2.98 per cent to trade at Rs 1,960.40. The stock touched a day low of Rs 1,945. A total of 2,599 shares changed hands today, amounting to turnover of Rs 51.72 lakh. The market capitalisation (m-cap) of the company stood at Rs 6,823.73 crore.
Shares of Esab India Ltd plunged 5.28 per cent to trade at Rs 3,931.65. The stock touched a day low of Rs 3,930. A total of 1314 shares changed hands today, amounting to turnover of Rs 52.75 lakh. The market capitalisation (m-cap) of the company stood at Rs 6,052 crore.
Shares of Hatsun Agro Product Ltd zoomed 9.33 per cent to trade at Rs 974.65. The stock touched a day high of Rs 988.90. A total of 15,000 shares changed hands today, amounting to a turnover of Rs 1.45 crore. The company's market capitalisation (m-cap) stood at Rs 21,018.50 crore.
Shares of Apar Industries Ltd surged 6.40 per cent to trade at Rs 1,559.50. The stock touched a day high of Rs 1,568. A total of 2.03 lakh shares changed hands today, amounting to a turnover of Rs 30.44 crore. The company's market capitalisation (m-cap) stood at Rs 5,967.99 crore.
Sensex surges 307 points or 0.49 per cent to trade at 63,407, Nifty moves 84 points or 0.45 per cent higher to trade at 18,843
Shares of Timken India rose 8.39 per cent to trade at Rs 3,583.95. The stock touched a day high of Rs 3,688.80. A total of 24,000 shares changed hands today, amounting to a turnover of Rs 8.49 crore. The company's market capitalisation (m-cap) stood at Rs 26,949.37 crore. (Read more)
Shares of HDFC Bank rose 1.23 per cent to trade at Rs 1,628.55. The stock touched a day high of Rs 1,636.95. A total of 1.36 lakh shares changed hands today, amounting to a turnover of Rs 22.10 crore. The company's market capitalisation (m-cap) stood at Rs 9,07,676.42 crore.
