Share Market Highlights- Sensex ends 248 pts up, Nifty above 18400 amid mixed global cues; auto stocks lead gains

Share Market Highlights: Sensex ends 248 pts up, Nifty above 18400 amid mixed global cues; auto stocks lead gains

Share Market News Today | Sensex, Nifty, Share Prices Highlights: After trading flat for major part of the trading session, Indian benchmark indices rallied smartly in the last hour of trading on the back of buying support in select index heavyweights like ICICI Bank, Bharti Airtel and Infosys. The S&P BSE Sensex, which, touched a low of 61,437 earlier, surged to a high of 61,956, up 519 points from the day’s low. The 30-share index settled with a gain of 249 points at 61,873. Broader, NSE Nifty 50 ended 74 points higher at 18,403. Sectorally, auto, oil & gas, bank index jumped 0.5-1%. Broader indices, however, underperformed the main indices with midcap and smallcap indices ending on a flat note.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 15 November, Tuesday

15:46 (IST) 15 Nov 2022 Nifty gainers, losers

Power Grid Corporation, ONGC, ICICI Bank, Bharti Airtel and Dr Reddy's Laboratories were among the top Nifty gainers, while Coal India, HDFC Life, Grasim Industries, Cipla and Bajaj Finserv were the laggards. Greaves Cotton surged nearly 8% on posting Rs 29 crore profit in Q2 from a loss of Rs 23 crore a year-ago. NDTV also hit the 5% upper circuit after the Adani group received SEBI nod for the open offer to buy additional 26% stake in the former.

15:34 (IST) 15 Nov 2022 Nifty settled above 18400, Sensex up 248 pts; Rupee appreciates

Indian benchmark indices ended higher in the highly volatile session with Nifty above 18400. Indian rupee closed 16 paise higher at 81.10 per dollar versus previous close of 81.26.

15:00 (IST) 15 Nov 2022 October trade deficit widens

October trade deficit at USD 26.91 billion against USD 17.91 billion (YoY). October imports at USD 56.69 billion against USD 53.64 billion year ago. October exports at USD 29.78 billion against USD $35.73 billion (YoY).

13:42 (IST) 15 Nov 2022 Sai Silks gets Sebi nod to float IPO; eyes to raise up to Rs 1,200 crore

Ethnic apparel retailer Sai Silks (Kalamandir) Limited has received capital markets regulator Sebi's go ahead to raise as much as Rs 1,200 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 600 crore and an offer-for-sale (OFS) of up to 18,048,440 equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP).

13:06 (IST) 15 Nov 2022 CPI inflation likely to cool off to 6% in 4 months; RBI MPC may raise repo rate by 30-50 bps in Dec meeting

India’s retail inflation fell to 6.77% in October from 7.41% in September, slipping below the 7% mark for the first time in three months and only the second time since April’s eight-year high mark of 7.8%. Despite the cool-off, inflation remained above RBI’s threshold of 6% for the 10th consecutive month. According to economists, inflation is likely to gradually cool off to around 6% by February next year and further drop to around 5-5.5% in March. The Reserve Bank of India Monetary Policy Committee (MPC) is expected to continue with rate hikes in Dec meet before pausing rate increases in this cycle. The terminal repo rate is seen at up to 6.75%. RBI MPC is expected to go for a 35-50 bps rate hike in its upcoming meeting.

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12:40 (IST) 15 Nov 2022 Hinduja Global Solutions net profit jumps 118.1%

Net profit of Hinduja Global Solutions rose 118.1% to Rs 238.36 crore in the quarter ended September 2022 as against Rs 107.06 crore during the year-ago quarter ended September 2021. Sales rose 9.49% to Rs 1167.54 crore in the quarter ended September 2022 as against Rs 1066.31 crore during the corresponding quarter ended September 2021. The board also approved second interim dividend of Rs 5 per equity share for its shareholders.

12:29 (IST) 15 Nov 2022 Nifty on path to challenge its all-time high in coming sessions

“The elevated support level for the market now stands at 17950 followed by 17500 as it happens to be the 50 days EMA and the breakout point from the 12 months falling trend line. The momentum indicator RSI (relative strength index) is presently at 68 slightly closer to overbought situation however present setup indicates that Nifty is on the path to challenge the all-time high of 18600 in coming sessions followed by 18900 in near term. Lower levels of 18220-18250 need to be utilized for initiating long position for an upside target of 18600.”-Tirthankar Das, Technical & Derivative Analyst, Retail, Ashika Stock Broking

12:28 (IST) 15 Nov 2022 Nifty trend positive

“Nifty since the past few days of trading session has led the Index to breach past the falling trend line which confirms that the primary trend is up and is well placed to accelerate the upward momentum hereon, aptly supported by global cues with lower-than-expected US inflation numbers and multi sector participation in our domestic market. India VIX, which gauges market volatility, has also recorded five month’s range breakdown and is trading below 16, indicating low risk perception among market participants, followed by sequential lower high-low formation in USINR to favour inflows in Indian equities.”-Tirthankar Das, Technical & Derivative Analyst, Retail, Ashika Stock Broking

12:26 (IST) 15 Nov 2022 Asian shares trade higher

Asian share markets were higher on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID-19 policy adjustments and a rescue package for the country's struggling property sector. MSCI's broadest index of Asia-Pacific shares outside Japan was up 2%, following mild losses for U.S. shares overnight. Australian shares lost 0.07%, while Japan's Nikkei stock index was up 0.18% after initially trading in negative territory. In Hong Kong, the Hang Seng Index surged 4% while China's CSI300 Index reversed an earlier weaker start to be up by 1.77%. In a remarkable bounce, the Hang Seng index is up nearly 25% for the month while the CSI300 has gained 10% in that time.

11:50 (IST) 15 Nov 2022 RVNL zooms 62% in 16 sessions on strong order inflows

Since October 20, the stock price of RVNL has appreciated by 62% from a level of Rs 35.80 in the past 16 trading days, after the company announced securing multiple orders. In the past three months, the stock price of RVNL has jumped 90%, as compared to 3% gain in the Sensex

11:38 (IST) 15 Nov 2022 FMCG stocks in red

BSE Fast Moving Consumer Goods (FMCG) index fell 0.7%, dragged by the Globus Spirits, GRM Overseas, Radico Khaitan

10:51 (IST) 15 Nov 2022 ONGC up 3%, hits 4-month high

ONGC reported revenue at Rs 38,321 crore during the quarter. Gross oil realization stood at $95.5/bbl. Net of windfall tax, realization stood at $72.2/bbl. Gas realisation remained unchanged sequentially at $6.1/mmbtu (on GCV basis). EBITDA during the quarter decreased 27.5% on-quarter to Rs 18,812 crore.

10:35 (IST) 15 Nov 2022 Mindtree gains 1% as LTI-Mindtree merger comes into effect

The IT services firms received approval for merger from NCLT. Both Mumbai and Bengaluru Benches of the National Company Law Tribunal (NCLT) have approved, via two separate orders, the scheme of amalgamation and arrangement between the two companies, thus creating India’s sixth-largest IT services firm.

10:20 (IST) 15 Nov 2022 IRCTC falls 2% on profit booking

IRCTC shares fell over 2% after the company posted a strong 42.5% surge in Q2 net profit at Rs 226.03 crore for the quarter ended September 2022 as against Rs 158.57 crore in the corresponding quarter a year ago. Total income soared 97.5% on-year to Rs 831.80 crore

10:16 (IST) 15 Nov 2022 Nifty, Sensex in red

Benchmark indices were trading lower with Nifty around 18300. The Sensex was down 134.65 points or 0.22% at 61489.50, and the Nifty was down 34.50 points or 0.19% at 18294.70.

10:07 (IST) 15 Nov 2022 Apollo Tyres share price rallies 5% post Q2 result

The company reported a 6.1% growth in Q2FY23 consolidated net profit at Rs 184.45 crore as against Rs 173.82 crore in Q2Fy22. Total income rose 16.8% on-year to Rs 5,962.90 crore.

10:05 (IST) 15 Nov 2022 Fusion Micro Finance weak market debut; shares list at 2% discount

Fusion Micro Finance shares made a lacklustre market debut on Tuesday despite a positive market sentiment. The non-banking finance company (NBFC) stock opened at a 2.3% discount against its issue price of Rs 368. The stock started trading at Rs 360.50 on the BSE, while the listing price on the NSE was Rs 359.50. Fusion Micro Finance IPO, which was open for Subscription from 2 to 4 November in the Rs 350-368 price band, got a total of 2.95 times subscription. The issue was commanding a grey market premium of Rs 35 when the IPO was announced. However, the premium fell amid muted investor response to the issue.

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09:54 (IST) 15 Nov 2022 NDTV share price locked at 5% upper circuit

New Delhi Television (NDTV) share price locked at 5 percent upper circuit after Sebi approved Adani Group's open offer to buy an additional 26 percent stake in the company.

09:35 (IST) 15 Nov 2022 Reliance Securities Intraday Picks

BALRAMCHIN (PREVIOUS CLOSE: 341) BUY For today’s trade, long position can be initiated in the range of Rs 337- 335 for the target of Rs 348 with a strict stop loss of Rs 331. 

LUPIN (PREVIOUS CLOSE: 760) BUY For today’s trade, long position can be initiated in the range of Rs 749- 742 for the target of Rs 775 with a strict stop loss of Rs 734. 

LALPATHLAB (PREVIOUS CLOSE: 2,484) BUY For today’s trade, long position can be initiated in the range of Rs2,425- 2,410 for the target of Rs 2,540 with a strict stop loss of Rs 2,345.

09:28 (IST) 15 Nov 2022 Nifty gainers, losers

ONGC, IndusInd Bank, NTPC, Hero MotoCorp, Divis Labs were among major gainers on the Nifty, while Coal India, Grasim Industries, Nestle India, ITC and SBI Life Insurance were the losers.

09:23 (IST) 15 Nov 2022 Nifty, Sensex open in green

Sensex rises 100 pts, tops 61,700-mark

Nifty above 18350

09:14 (IST) 15 Nov 2022 Local equities expected to gain strength in early trades

“Taking positive cues from SGX Nifty and other Asian indices, local equities are expected to gain strength in early trades Tuesday, despite overnight negative close at Wall Street.  While mixed signals are coming from Fed officials on their next rate policy decision, investors here are looking at some positive catalysts such as CPI inflation easing to a 3-month low in October, FIIs turning net buyers in the current month so far, and optimism about China easing coronavirus restrictions, which could provide some fillip to the markets.”-Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities

09:03 (IST) 15 Nov 2022 Nifty, Sensex fall in pre-open

Benchmark indices are trading lower in the pre-opening session. The Sensex was down 130.08 points or 0.21% at 61494.07, and the Nifty was down 39.40 points or 0.21% at 18289.80.

08:52 (IST) 15 Nov 2022 Nifty resistance at 18399 in near-term

“Nifty ended marginally in the negative on Nov 14 following mixed Asian cues. At close, Nifty was down 0.11% or 20.6 points at 18329.5. Nifty remained in an 88 point range through the day on Nov 14 suggesting tug of war between bears and bulls. Nov 15 will be the last day for Q2FY23 results and markets could then focus on overall sentiments vs stock-specific action. Nifty could take support from 18202-18259 band while 18399 could offer resistance in the near term.” -Deepak Jasani, Head of Retail Research, HDFC Securities

08:43 (IST) 15 Nov 2022 Kaynes Technology IPO subscribed 34.15 times

Kaynes Technology India IPO received healthy response with investors picking up 35.75 crore shares against an offer size of 1.04 crore, subscribing 34.15 times on November 14, the final day of bidding. Retail investors have bid shares 4.09 times the allotted quota, while the reserved portion of employees was subscribed 11.85 times. Qualified institutional buyers have bought 98.47 times the portion set aside for them, and high networth individuals 21.2 times.

08:42 (IST) 15 Nov 2022 Inox Green Energy Services IPO booked 85% on day 2

Inox Green Energy Services IPO has garnered bids for 5.7 crore shares against 6.67 crores on offer, subscribing 85% on November 14, the second day of bidding.

Retail investors remained at the forefront, buying shares 2.93 times the allotted quota, while the portions set aside for non-institutional investors and qualified institutional buyers were subscribed 23% and 47%.

08:15 (IST) 15 Nov 2022 India likely to see multi-year economic up-cycle led by strong macros, govt initiatives

“The 2QFY23 earnings season has largely ended with 450/BSE500 companies reported healthy 27% YoY growth in revenue, but inflationary pressure toll on profitability with EBITDA growth of just 4% YoY while PAT fell by 7% YoY. Currency fluctuations, elevated commodity and logistics costs, and geo-political issues were the major inhibitors of growth. However, we expect a recovery starting 3QFY23 led by softening of commodity prices and monetary easing by central banks which is likely to boost demand. The market rallied in U.S. led by lower-than-expected inflation data. The Federal Reserve is likely to slow the pace of its interest-rate increases in the near term. India is likely to see a multi-year economic up-cycle led by strong macros, and various government initiatives.”- Mitul Shah – Head of Research at Reliance Securities

08:12 (IST) 15 Nov 2022 Nifty may retest 18390 level

“Markets exhibited sideways movement in a lacklustre trading session and ended lower as traders booked profit in select counters after the last week's robust upsurge. Lack of fresh positive triggers from the global front prompted investors to trim their holdings, but any uptick in crude oil prices & currency movement could fuel a fresh round of profit-taking. On daily charts, the Nifty has formed a small bearish candle which is indicating indecisiveness between the bulls and bears. For the index, 18250 and 18200 would be key support zones, and above the same it could retest the level of 18390. Any further upside could lift the index up to 18500. Below 18200, any uptrend would be vulnerable.”-Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

08:11 (IST) 15 Nov 2022 Stocks in focus today

Adani group, NDTV: SEBI on Monday approved the Adani Group’s open offer for 26% shares of New Delhi Television (NDTV).

L&T Infotech, Mindtree: L&T Infotech and Mindtree have received merger approval and will begin operating as a merged entity on 14 November, becoming the country’s fifth-largest IT provider by market cap and sixth-largest by revenue.

LIC: Life Insurance Corporation (LIC) reported a net profit of Rs 15,952 crore for the September quarter of the financial year 2022-23, a multifold increase from Rs 1,433 crore in the year-ago period.

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08:09 (IST) 15 Nov 2022 Will bulls pull Nifty to new 52-week high or bears to come back? Key things to know before market opens

Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to open on a muted note after hitting new 52-week highs in the previous session. Trends in the SGX Nifty hinted at a flat to positive start for domestic equities as Nifty futures were trading marginally higher at around 18,405 levels on the Singapore exchange. “As long as Nifty holds the 18077 support, its immediate goal post is seen at its all-time-high at 18605 mark and then aggressive targets at the psychological 19000 mark,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities.

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07:39 (IST) 15 Nov 2022 Asian markets mixed

Shares in the Asia-Pacific were trading mixed on Tuesday ahead of a slew of economic data that is scheduled to be released from China, and following the meeting between its president Xi Jinping and U.S. President Joe Biden. In Australia, the S&P/ASX 200 slipped 0.29%. South Korea’s Kospi gave up earlier gains to fall 0.41%. The Nikkei 225 in Japan was about flat as the nation’s economy unexpectedly contracted in the third quarter, official data showed. Mainland China markets were mixed as the country is set to report industrial production and retail sales data. The Shanghai Composite was slightly higher, while the Shenzhen Component lost around 0.2%. Hong Kong’s Hang Seng index rose 1.42%. The MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.68% higher.

07:38 (IST) 15 Nov 2022 US Stocks end in red

Wall Street's main indices ended lower on Monday, with real estate and discretionary sectors leading broad declines, as investors digested comments from US Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week's big stock market rally. The Dow Jones Industrial Average fell 211.16 points, or 0.63 percent, to 33,536.7, the S&P 500 lost 35.68 points, or 0.89 percent, to 3,957.25 and the Nasdaq Composite dropped 127.11 points, or 1.12 percent, to 11,196.22.

07:38 (IST) 15 Nov 2022 SGX Nifty in green

Nifty futures traded 36 points, or 0.20% higher at 18,413.50 on the Singapore Exchange, signaling that Dalal Street was headed for a flat-to-positive start.