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Share Market News Highlights: Sensex falls 171 points, Nifty settles below 18,350; Dr Reddy's, Coal India, ITC among top drags

Business Today Desk | Updated Nov 14, 2022, 4:40 PM IST

Share Market News Highlights: Sensex and Nifty traded lower on Monday ahead of October retail inflation data, due later in the day, which would provide cues on the Reserve Bank of India's interest rate trajectory.

Share Market News Today Updates, 14 November 2022: Sensex and Nifty settled on a lower note today. Share Market News Today Updates, 14 November 2022: Sensex and Nifty settled on a lower note today.

Share Market Updates Today: Indian equity benchmarks traded lower on Monday ahead of October retail inflation data, due later in the day, which would provide cues on the Reserve Bank of India's interest rate trajectory.

 

Asian shares were mostly up as South Korea's KOSPI rose 0.21 per cent, the Shanghai Composite index moved 0.69 per cent higher and Hang Seng Index jumped 3.25 per cent, while Japan's Nikkei index fell 0.76 per cent.

 

On the domestic front, low-cost carrier SpiceJet, drugmaker Biocon, tyre manufacturer Apollo Tyres, conglomerates Godrej Industries and Grasim Industries are among a slew of companies expected to report results later in the day.

 

Foreign institutional investors bought net of Rs 3,958 crore equities on Friday, while domestic investors bought Rs 616 crore of shares, as per provisional data available with the National Stock Exchange.

 

Here are the share market highlights:

14 Nov 2022, 4:40:44 PM IST

Nifty Tech view

"Nifty remained sideways during the session as it failed to give any directional breakout. On the daily chart, the index has sustained above the 50-EMA (Exponential Moving Average) (17,619), which confirms the positive trend. The momentum indicator is in positive crossover and rising. The trend for the short term looks positive. On the higher end, resistance is visible at 18,450-18,500. On the lower end, support is visible at 18,250," said Kunal Shah, Senior Technical Analyst at LKP Securities.

14 Nov 2022, 4:02:42 PM IST

Expert view

"Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets. India's wholesale inflation dropped below forecasts, aided by a slowdown in the prices of manufactured goods and fuel & electricity. The domestic CPI, which is anticipated to continue the trend, will boost confidence in the Indian market as it will lessen the risk indicators for the RBI to maintain its hawkish stance," said Vinod Nair, Head of Research at Geojit Financial Services.

14 Nov 2022, 3:59:03 PM IST

Share market breadth

The overall market breadth stood slightly negative as 1,719 shares advanced while 1,899 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 284.78 lakh crore.

14 Nov 2022, 3:58:05 PM IST

Nifty FMCG, PSU Bank underperform

Eight out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the red. Sub-indexes Nifty FMCG and Nifty PSU Bank underperformed the NSE platform by falling as much as 1.35 per cent and 0.60 per cent, respectively. In contrast, Nifty Metal and Nifty IT rose as much as 1.73 per cent and 0.87 per cent, each.

14 Nov 2022, 3:47:56 PM IST

Mid and small-cap stocks

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 edged 0.06 per cent higher and small-cap rose 0.48 per cent.

14 Nov 2022, 3:44:14 PM IST

Top gainers & losers on NSE

On the stock-specific front, Dr Reddy's was the top Nifty gainer as the stock cracked 3.78 per cent to close at Rs 4,368. Coal India, ITC, Hindustan Unilever and SBI were also among the laggards. In contrast, Hindalco, Apollo Hospitals, Tata Motors, Grasim Industries and PowerGrid were among the top gainers.

14 Nov 2022, 3:40:16 PM IST

Share market closing

Sensex falls 171 points or 0.28 per cent to close at 61,624, Nifty moves 21 points or 0.11 per cent lower to settle at 18,329

14 Nov 2022, 3:20:26 PM IST

Trident down 4%

Shares of Trident Ltd fell 4.16 per cent to trade at Rs 35.70. The stock hit an intraday low --  also its 52-week low -- of Rs 30.70.

14 Nov 2022, 2:44:44 PM IST

Cosmo First down 5%

Shares of Cosmo First fell 5.19 per cent to trade at Rs 702.90. The stock hit an intraday low --  also its 52-week low -- of Rs 697.10.

14 Nov 2022, 2:15:50 PM IST

Sun TV down 9%

Shares of Sun TV Network plunged 9.10 per cent to trade at Rs 501. The stock hit an intraday low of Rs 500.40.

14 Nov 2022, 1:41:33 PM IST

Repco Home Finance

Shares of Repco Home Finance jumped 9.98 per cent to trade at Rs 260.55. The stock touched an intraday high of Rs 260.55.

14 Nov 2022, 12:59:34 PM IST

Share market update

Sensex falls 194 points or 0.31 per cent to trade at 61,601, Nifty moves 29 points or 0.16 per cent lower to trade at 18,321; Dr Reddy's, Coal India, ITC, HUL, ICICI Bank among top drags

14 Nov 2022, 12:54:17 PM IST

HEG up 7%

Shares of HEG Ltd surged 7.11 per cent to trade at Rs 1,073.55. The stock touched an intraday high of Rs 1,096.40.

14 Nov 2022, 12:30:39 PM IST

Godfrey Phillips India shares hit 52-week high

Shares of Godfrey Phillips India jumped 7.92 per cent to trade at Rs 1,810. The stock touched an intraday high -- also its 52-week high -- of Rs 1,838.

14 Nov 2022, 12:12:57 PM IST

Fortis Healthcare zooms 9%

Shares of Fortis Healthcare jumped 9 per cent to trade at Rs 308.15. The stock touched an intraday high of Rs 313.75.

14 Nov 2022, 11:47:40 AM IST

BHEL down 6%

Shares of BHEL plunged 6.25 per cent to trade at Rs 69.75. The stock hit an intraday low Rs 69.40.

14 Nov 2022, 11:21:34 AM IST

Allcargo Logistics up 8.5%

Shares of Allcargo Logistics surged 8.58 per cent to trade at Rs 491.10. The stock touched an intraday high -- also its 52-week high -- of Rs 494.85.

14 Nov 2022, 11:01:14 AM IST

Brightcom Group zooms 10%

Shares of Brightcom Group surged 9.88 per cent to trade at Rs 40.75. The stock touched an intraday high of Rs 41.40.

14 Nov 2022, 10:46:06 AM IST

Share market update

Sensex falls 114 points or 0.19 per cent to trade at 61,681, Nifty moves 10 points or 0.05 per cent lower to trade at 18,340; Dr Redddy's, ICICI Bank, Airtel, HUL, Nestle India among top drags

14 Nov 2022, 10:09:39 AM IST

Hindalco shares up 5%

Shares of Hindalco jumped 4.90 per cent to trade at Rs 450.80. The stock touched an intraday high of Rs 452.80.

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