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Sensex Today: Stock Market Highlights Today: Nifty forms a bearish candle on daily chart.


Indecisiveness reigned supreme on Dalal Street as the benchmark indices snapped a three-day winning run on Friday. Traders became cautious after many states in India started placing curbs. IT stocks saw buying while the rest of the sectors were under selling pressure. The 30-share Senex declined 190.97 points or 0.33 per cent to close at 57,124.31. The index gyrated in the 810-point range during the day. Its broader peer NSE Nifty dropped 68.85 points or 0.40 per cent to 17,003.75.

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Hexagon Nutrition files IPO papers to raise up to Rs 600 crore

Hexagon Nutrition has filed preliminary papers with capital market regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing.

The company’s public issue consists of a fresh issue of equity shares aggregating to Rs 100 crore, and an offer for sale (OFS) of up to 30,113,918 equity shares, the draft red herring prospectus (DRHP) showed.

Forex reserves dip by USD 160 mn to USD 635.67 bn

The country’s foreign exchange reserves declined by USD 160 million to stand at USD 635.667 billion in the week to December 17, RBI data showed on Friday. In the previous week ended December 10, the reserves had decreased by USD 77 million to USD 635.828 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021.

During the reporting week ended December 17, the dip in the forex kitty was on account of a decline in foreign currency assets (FCAs), a major component of the overall reserves.

Canara Bank raises Rs 2,500 crore through bonds

Canara Bank raises Rs 2,500 crore through bonds

Gold climbs Rs 57; silver gains Rs 183

Gold price in the national capital on Friday gained Rs 57 to Rs 47,263 per 10 gram tracking firm international trends, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,206 per 10 gram. “Spot gold prices for 24 carat at Delhi were trading up by Rs 57 in line with global gold prices,” HDFC Securities, Senior Analyst (Commodities), Tapan Patel said.

FII selling has reduced sharply over the last few days due to the festive holidays. After around 10% correction, Nifty is now trading at 19x FY23 P/E and is no longer in the expensive zone. While the relief rally might continue for some more time, volatility cannot be ruled out on account of potential risk from Omicron variant and fragile global cues. We suggest long term investors to take benefit of such volatility in the market and add on to their portfolios gradually at lower levels.

– Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

Aditya Birla Money allots 16 lakh non-convertible preference shares to promoter

Advance-decline ratio at nearly 1:1

Advance-decline ratio at nearly 1:1

A range-bound day of trading ahead of Christmas to end the week as this month quite clearly belonged to the IT sector which stood tall amidst extreme volatility as cost-push inflation across sectors is keeping street worried on the impact in the hands of the consumer. While buoyancy in exports and tax collections coupled with the success of the PLI schemes are positives, there are many sectors where consolidation is waiting to happen which is where longer term investors need to focus in the present corrective phase.

– S Ranganathan, Head of Research at LKP Securities

Markets are closely eyeing the COVID situation and any positive news could only help the index to make any sustainable up move else volatility will continue. Interestingly, we’re seeing a mixed trend across sectors so traders should focus on IT, select FMCG, pharma for long trades while the banking pack may continue to trade subdued.

– Ajit Mishra, VP – Research, Religare Broking

Rupee close today

Nifty IT outperforms; most sectoral indices in the red

Nifty IT outperforms; most sectoral indices in the red

Top losers of today’s session

Price as on 24 Dec, 2021 03:44 PM, Click on company names for their live prices.

Nifty closes flat with positive bias during volatile week, holds above 17,000

Nifty closes flat with positive bias during volatile week, holds above 17,000

Biggest gainers of today’s session

Price as on 24 Dec, 2021 03:38 PM, Click on company names for their live prices.

Heatmap: Top Sensex gainers & losers

Heatmap: Top Sensex gainers & losers

CLOSING BELL: Sensex gyrates 810 pts, ends 191 pts lower; Nifty barely holds above 17K; Biocon tanks 6%, MTNL jumps 6%

CLOSING BELL: Sensex gyrates 810 pts, ends 191 pts lower; Nifty barely holds above 17K; Biocon tanks 6%, MTNL jumps 6%

IT Index holds firm in weak market

IT Index holds firm in weak market

Data Patterns makes stellar debut; CEO Rangarajan shares growth outlook

Sensex off day’s low

Sensex off day's low

SBI Card raises Rs 650 crore via bond issue

SBI Cards and Payment Services (SBI Card) on Friday said it has raised Rs 650 crore by issuing bonds on a private placement basis. “We hereby inform that stakeholders’ relationship and customer experience committee of the company has approved the allotment of 6,500 fixed rate, unsecured, rated, taxable, redeemable, senior, listed non-convertible debentures (NCDs) aggregating to Rs 650 crore on private placement basis,” SBI Card said in a release.

Mphasis’ UK subsidiary inks deal with Ardonagh; acquires 51% in Mrald Ltd

Price as on 24 Dec, 2021 02:32 PM, Click on company names for their live prices.

Rupee could depreciate up to 3% in 2022: Fitch

Fitch Solutions on Friday revised its forecast for the Indian rupee to average Rs 76 per US dollar in 2022, slightly stronger than its previous outlook of Rs 76.50. According to the agency, the rupee will mostly trade sideways in the coming quarters.In the long term, it expects the Indian currency to remain weak–it may average Rs 78 in 2023. However, any depreciation will be gradual given strong economic fundamentals, it added. In the current year, the rupee has averaged around Rs 73.

Rupee could depreciate up to 3% in 2022: Fitch

Infosys hits Rs 8 lakh cr market cap

Shares IT major Infosys hit a record high of Rs 1,913 on Friday and became the second IT firm in India to cross the market value of Rs 8 lakh crore. The stock’s market value was neck-to-neck with HDFC Bank, the third most valued stock on Dalal Street.

Infosys hits Rs 8 lakh cr market cap

5 stocks that scaled 52-week high in weak market

Price as on 24 Dec, 2021 01:54 PM, Click on company names for their live prices.

What should you do with Data Patterns share?

Shares of Data Patterns (India) made a solid debut on Dalal Street as the defence sector player listed at Rs 864 on BSE, a premium of 47.69 per cent, over its issue price of Rs 585. On the National Stock Exchange, the counter listed at Rs 856.05. Following the listing pop, the counter witnessed a sharp profit booking as the stock dropped 10 per cent…



Read More : Sensex Today: Stock Market Highlights Today: Nifty forms a bearish candle on daily chart.

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