Share Market Today: Market closes in red, Sensex ends 336 points lower; Nifty at 12,056
businesstoday.in | Updated Nov 29, 2019, 04:01 PM IST
Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.80% each by Friday's closing bell, ahead of GDP data release amid weak global equities. On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close. Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks. On the closing bell, Zee Entertainment, Hindustan Unilever, Dr Reddy, Tata Motors and Mahindra & Mahindra were among the top losers. On the contrary, Bharti Infratel, Adani Ports, Bharti Airtel, HDFC Bank and NTPC were among the top gainers.
HDFC Bank shares will be in focus after the lender said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020
Share Market Today: Broader indices Sensex and Nifty have opened on a negative note on Friday, the November Futures and Options expiry day, amid weak global equities. BSE Sensex today has opened at 41,138.26 against the previous closing of 41,130.17 and NSE Nifty50 has started the day's trade at 12,146.20, compared to previous closing of 12,154.
Top losers were Tata Steel, ICICI Bank, Hindalco, Kotak Bank and Bharti Infratel while YES Bank, Zee Entertainment, Bharti Airtel, BPCL and UltraTech Cement were among the top gainers in Friday's trade.
HDFC Bank shares traded lower on Friday and touched day's low of Rs 1,257 on BSE. The private bank on Thursday said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020.
YES Bank stock was the top gainer on the broader index Nifty for the third straight session on Friday. YES Bank stock price rose 4.78% to the day's high of Rs 73.4, ahead of the private lender's board meeting for considering various options for raising funds, scheduled today.
Fortis Healthcare share traded mildly bearish today as CARE Rating withdrew "CARE BBB-/ CARE A3, Credit watch with developing implications" rating in respect of the company's long term bank facilities and short term facilities.
Tata Power stock price climbed 2.39% to the intraday high of Rs 57.8 on Friday as the power generation arm of Tata group is planning to sell a stake in its renewable energy portfolio to global investors to reduce its debt. The company is exploring the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, reported Reuters.
Reliance Industries stock has fallen after 2 days of consecutive gain on Friday. The index heavyweight stock traded down 0.80% at Rs 1,567 on BSE, against yesterday's closing of Rs 1,579. On Thursday, RIL share became the first company among listed entities to hit a market capitalisation (mcap) of Rs 10 lakh crore mark, after the shares hit record high of Rs 1,581.25 on the BSE.
Future Retail rose 18% on Friday's early session after the Competition Commission of India (CCI) approved Amazon's proposed Rs 1,500 crore deal to acquire 49% stake in Future Coupons Ltd (FCL), a Future Retail promoter group company.