Traders’ Diary: Nifty downside support exists at 13,300 level


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The stock will start trading Thursday, with early pricing indications climbing as high as $150 per share, way above the $68 IPO price. The listing comes 10 months after the coronavirus pandemic upended travel and 24 hours after DoorDash Inc. supercharged investor expectations by almost doubling in its frenzied public debut.

Airbnb set for huge day-one pop, value could top $100 billion

Why buying a flat can be a good long-term investment now

Housing is currently one of the safest investment bets from a long-term perspective, with key stock indices poised to come off record highs as several stocks are now considered overvalued, realtors and investment experts said.

Why buying a flat can be a good long-term investment now

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Ahead of Market: 12 things that will decide stock action on Friday

Defensive viz. FMCG, IT and pharma tend to do well during the corrective phase, but traders should maintain caution in the selection of the stocks as we’re seeing selective participation, said Ajit Mishra, VP – Research, Religare Broking.

Ahead of Market: 12 things that will decide stock action on Friday

Oil rises to $50 for first time since March on vaccine optimism

Brent crude was up $1.51, or 3%, at $50.37 a barrel at 1501 GMT, rising for a third day. U.S. West Texas Intermediate (WTI) crude rose $1.46 cents, or 3.2%, to $46.98.

Oil rises to $50 for first time since March on vaccine optimism

Dow Jones falls at the open as weekly jobless claims surge

The Dow Jones Industrial Average fell 114.73 points, or 0.38%, to 39,954.08 at the opening bell. The S&P 500 fell 19.11 points, or 0.52%, to 3,653.71, while the Nasdaq Composite dropped 98.80 points, or 0.80%, to 12,240.15.

Dow Jones falls at the open as weekly jobless claims surge

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These 3 NBFCs might be ineligible to pay dividend under RBI’s new proposal

RBI said NBFCs would be eligible to pay dividend if they have capital adequacy above 15% and net non-performing assets ratio below 6% for the last three years, including the year for which the dividend is proposed.

These 3 NBFCs might be ineligible to pay dividend under RBI's new proposal

India unlikely to be downgraded to ‘junk’ in 2021: Nomura

As per its baseline assumption, rating agencies could maintain status quo in 2021, which implies that Moody’s and Fitch could shift India’s rating outlook back to stable, from negative.

India unlikely to be downgraded to ‘junk’ in 2021: Nomura

Market Movers: YES Bank shares extend rally; 381 stocks hit upper circuit

Markets being at the highest level, any unfavourable events, domestic or global, can result in temporary profit booking. However, we believe that the market is optimistic enough to continue the rally post a required consolidation, said Vinod Nair, Head of Research, Geojit Financial Services.

Market Movers: YES Bank shares extend rally; 381 stocks hit upper circuit

Tata rejects Mistrys’ share-swap separation offer as ‘nonsense’

“It’s nonsense. This kind of relief cannot be granted,” Tata’s lawyer Harish Salve said during a hearing before India’s Supreme Court on Thursday. “I’m opposing it,” he said, arguing on behalf of the largest Indian conglomerate.

Tata rejects Mistrys’ share-swap separation offer as ‘nonsense’

Tech View: Nifty50 forms a Doji candle to suggest indecisiveness

The trading bias at this point of time appears to have turned negative, as Nifty not only breached the low of past sessions, but also failed to get past its high point, said Mazhar Mohammad of Chartviewindia.in.

Tech View: Nifty50 forms a Doji candle to suggest indecisiveness

Moody’s assigns negative rating to Adani’s International Container Terminal’s secured bonds issue

Moody’s Investors Service has assigned (P) Baa3 rating to the proposed USD senior secured bonds to be issued by Adani International Container Terminal Private Limited (AICTPL). The outlook is negative.

Moody’s assigns negative rating to Adani’s International Container Terminal’s secured bonds issue

F&O: Nifty50 charts signal selling pressure; slipping VIX shows hope

Nifty negated the formation of higher highs and lows of last nine sessions. Now it has to hold above 13,350 level to witness a bounce towards 13,600 and then 13,750 levels, while on the downside key support exists at 13,300 level.

F&O: Nifty50 charts signal selling pressure; slipping VIX shows hope

SC defers Tata-Mistry case hearing for December 14

SC: How can NCLAT say it’s a fit case for winding up of company?

SC defers Tata-Mistry case hearing for December 14

NSE to launch derivatives on Nifty Financial Services Index from Jan 11

NSE to launch derivatives on Nifty Financial Services Index from Jan 11

Ircon International gets order for Rs 900 crore: Agencies

Market at Close

  • Nifty snaps 7-day losing streak; FMCG stocks outperform
  • Nifty Bank snaps 4-day gaining streak; PNB and IDFC First Bank worst performers
  • Nifty Midcap snaps 9-day gaining streak; more than 75% stocks outperform
  • Nifty Smallcap declines most since Nov 25; more than 75% stocks decline
  • Nifty FMCG posts best day since May 29, Nestle leads advance
  • Nifty Media falls most since Oct 29; all stocks decline; Dish TV falls the most
  • Nifty PSU Bank declines most since Nov 19; all stocks except BoB declines
  • Nifty Energy and Auto decline 1% each

This is how the 30-pack Sensex fared in today’s session. It touched a high of 46,043.97 and a low of 45,685.87 to finally settle at 45,959.88

This is how the 30-pack Sensex fared in today's session. It touched a high of 46,043.97 and a low of 45,685.87 to finally settle at 45,959.88

CLOSING BELL: Sensex snaps 5-day winning run, ends 144 points lower; Nifty below 13,500; Nestle and ITC rise 4% each

  • Financials and RIL lead the market fall
  • 19 of 30 Sensex stocks end the day in the red
  • Index contributors: HDFC Bank, RIL, ICICI Bank, Infosys, HDFC
  • Top Index gainers: Nestle (4.17%), ITC (3.77%), HUL (2.49%)
  • Top Index losers: UltraTech Cement (3.27%), M&M (2.43%), HDFC Bank (1.34%)
  • All BSE sectoral indices except FMCG, telecom, metal and realty end the day in the red
  • S&P BSE Fast Moving Consumer Goods biggest sectoral gainer, up 2.69%
  • S&P BSE Basic Materials biggest sectoral loser, down 1.35%
  • Volume toppers: RIL, ITC, ICICI Bank, HDFC Bank, L&T
CLOSING BELL: Sensex snaps 5-day winning run, ends 144 points lower; Nifty below 13,500; Nestle and ITC rise 4% each

Most power stocks trading in the red. Here are the top losers

Price as on 10 Dec, 2020 03:16 PM, Click on company names for their live prices.

Fitch assigns BBB rating to Adani International Container

Adani’s container business “benefits from its strategic position within the primary port of call in north-west India, revenue stability from long-term cargo and high operational efficiency,” Fitch said.

Fitch assigns BBB rating to Adani International Container

S&P BSE Fast Moving Consumer Goods biggest sectoral gainer, up 2.58%. This is how the index stocks are faring

S&P BSE Fast Moving Consumer Goods biggest sectoral gainer, up 2.58%. This is how the index stocks are faring

Here are the top laggards in the media and entertainment sector

Price as on 10 Dec, 2020 02:41 PM, Click on company names for their live prices.

Blockbuster IPO market still calls for cautious approach

Companies that have gone public this year have averaged a return of 53.8 per cent above their IPO price, including a return of 23.4 per cent after their first day of trading, according to Renaissance Capital, an IPO research provider.

Blockbuster IPO market still calls for cautious approach

European shares steady ahead of ECB decision; FTSE 100 shines on weaker pound

European shares were little changed on Thursday after a meeting between Britain and EU leaders on a trade deal failed to yield a breakthrough, while a European Central Bank (ECB) decision due later in the day kept investors from making big bets. The pan-European STOXX 600 index was flat, while London’s FTSE 100 rose 0.5% as the pound resumed its slide. British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen gave themselves until the end of the weekend to seal a new trade pact after failing to overcome persistent rifts at dinner on Wednesday.

All realty stocks trading in the red. Here are the top laggards

Price as on 10 Dec, 2020 02:05 PM, Click on company names for their live prices.

Forex Center: This is how the major currencies are faring against each other

Forex Center: This is how the major currencies are faring against each other

UPL whistleblower complaint: Here’s what global CEO Jaidev Shroff said

Shorff said he believed there was a systematic malicious campaign to spoil the reputation of his family and UPL.

UPL whistleblower complaint: Here's what global CEO Jaidev Shroff said

Here are the top losers in the tourism and hospitality sector

Price as on 10 Dec, 2020 01:35 PM, Click on company names for their live prices.

IPO-bound firm doubles investors’ wealth in 9 months in grey market

Unlisted shares of the Studds Accesories are trading at Rs 950-975 in the unlisted space, almost doubling on their March price of Rs 450-475.

IPO-bound firm doubles investors' wealth in 9 months in grey market

FMCG stocks buck market trend

Price as on 10 Dec, 2020 12:37 PM, Click on company names for their live prices.

Top losers and gainers on NSE

Price as on 10 Dec, 2020 12:34 PM, Click on company names for their live prices.

Axis Bank seeks CCI nod to acquire 20% stake in Max Life

Axis Bank sought the Competition Commission of India’s (CCI) nod for its deal to acquire up to 20% stake in Max Life Insurance Company Ltd (Max Life) on Wednesday. The deal involves a stake sale to the bank’s subsidiaries, Axis Capital and Axis Securities as well. As per the agreement, Axis Bank’s existing 2% stake in Max Life will increase to 9.9% while Axis Capital and Axis Securities will acquire 2% and 1% stake, respectively, in the target firm.

CCI initiates investigation against cement companies in India

ACC and Ambuja Cements on Thursday said fair trade regulator CCI has initiated an investigation against them and other cement companies in the country regarding alleged anti-competitive behaviour.”The Competition Commission of India (CCI) has initiated an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour,” ACC Ltd said in a regulatory filing.

Burger King listing: Can it rewrite Happiest Minds, Chemcon successes?

IPOs receiving over 100 times subscription have generally seen a stellar debut on Dalal Street and Burger King could be no exception if grey market trends are to be believed.

OPENING BELL: Sensex drops 180 pts, Nifty at 13,470; SCI surges 11%, YES Bank 8%; UPL falls 6%

OPENING BELL: Sensex drops 180 pts, Nifty at 13,470; SCI surges 11%, YES Bank 8%; UPL falls 6%

Pre-open session: Sensex declines 100 points, Nifty below 13,500

SGX Nifty signals gap-down start

Nifty futures on the Singapore Exchange traded 82 points, or 0.60 per cent, lower at 13,483, in signs that Dalal Street was headed for a negative start on Thursday.

Tech View: No signs of weakness on Nifty50

The 14-day relative strength index (RSI) stood at 77.78 at the end of the day, suggesting that the index is in the overbought territory. Analysts are a bit cautious, but said there are no signs of weakness on the technical charts. They predict further gains ahead. On Wednesday, the index formed a bullish candle on the daily chart and continued to form higher highs and lows for the eighth session.

Japan’s Nov wholesale prices slump

Japanese wholesale prices in November fell 2.2% from a year earlier, marking the biggest drop in six months in a sign the lingering pain from the coronavirus pandemic is keeping the economy under deflationary pressure. But some goods saw prices rebound due to a pick-up in global automobile demand, suggesting a gradual recovery in trade was underpinning the export-reliant economy.

Hong Kong stocks begin day with losses

Hong Kong stocks opened with losses Thursday morning following steep falls on Wall Street as US lawmakers struggle to reach agreement on a new stimulus package. The Hang Seng Index shed 0.63 per cent, or 167.58 points, to 26,335.26. The benchmark Shanghai Composite Index slipped 0.18 per cent, or 6.23 points, to 3,365.73, while the Shenzhen Composite Index on China’s second exchange dipped 0.36 per cent, or 8.20 points, to 2,242.61.

Tokyo stocks open lower on profit-taking

Tokyo stocks opened lower on Thursday with investors locking in profits following falls on Wall Street as US lawmakers disagreed over a proposed stimulus package. The benchmark Nikkei 225 index slipped 0.42 percent or 113.38 points to 26,704.56 in early trade, while the broader Topix index was down 0.19 percent or 3.39 points at 1,776.03.

FIIs buy Rs 3,564 cr worth of stocks

Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 3,564.23 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 2,493.1 crore, data suggests.

US stocks end lower amid stimulus uncertainty

US stocks came off record highs Wednesday following new disagreements on an economic stimulus package, but Europe mostly rose as a high-level meeting on a post-Brexit deal was set to take place. The benchmark Dow Jones Industrial Average sunk 0.3 per cent to finish the day at 30,068.81. The broad-based S&P500 fell 0.8 per cent to end at 3,672.82, while the tech-rich Nasdaq Composite index lost 1.9 per cent to end at 12,338.95, the day after each set new records.

Rupee touches 7-wk high of 73.57 on fund inflows

The rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar on Wednesday, with sustained foreign fund inflows and firming domestic equities lending support. Traders said weakening of the American currency in the overseas market also favoured the local unit.

Sensex, Nifty on Wednesday

Maintaining its winning run for the fifth session on the trot, the BSE Sensex crossed the 46,000-mark for first time. After touching a record intra-day high of 46,164.10, the 30-share benchmark ended 494.99 points or 1.09 per cent higher at 46,103.50 . Similarly, the broader NSE Nifty rallied 136.15 points or 1.02 per cent to its new record high of 13,529.10, extending its record setting run to the seventh straight day. It touched its lifetime peak of 13,548.90 during the session.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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