Share Market Highlights: Nifty settled below 19750, Sensex below 65,800; Bank Nifty plunged more than 1%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Friday’s trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73. The broader indices ended largely in mixed, with gains led by Healthcare and FMCG stocks. Bank Nifty index dropped 577.60 points or 1.31% to settle at 43,583.95. Smallcap and Midcap stocks gained among the other sectoral indices while Healthcare, Banking and Financial Services stocks shed. SBI Life Insurance, Apollo Hospitals,HDFC Life Insurance, L&T, and Tata Consumer Products, were the top gainers on the NSE Nifty 50, while the laggers State Bank Of India, Axis Bank, ONGC, BPCL, and Bajaj Finace. The Indian Volatility Index (India VIX) closed up by 1.54 %.

14:39 (IST) 17 Nov 2023 Top losers on F&O

RBL Bank, AB Capital, SBI Cards, L&T Finance, and Manappuram Finance are the top losers on F&O basket.

14:25 (IST) 17 Nov 2023 Top gainers on F&O

IRCTC, SBI Life Insurance, ICICI Lombard, TVS Motors, and HDFC AMC are the top gainers on F&O basket

14:24 (IST) 17 Nov 2023 Top losers on NSE

State Bank Of India, Axis Bank, ONGC, Bajaj Finance, and BPCL are the top losers on NSE Nifty 50 index.

14:17 (IST) 17 Nov 2023 Top gainers on NSE

SBI life Insurance, Apollo Hospitals, HDFC Life Insurance, Hero MotoCorp, and Grasim are the top gainers on NSE Nifty 50 index.

13:40 (IST) 17 Nov 2023 Expert on RBI’s action

“The immediate impact of the RBI action to increase the risk weight on certain categories of unsecured loans, loans to NBFCs and credit card loans is that this will increase the capital requirements of banks, which, in turn, will increase their cost of capital. Since the credit demand in segments like unsecured retail loans is robust, banks can easily pass on the increased cost to borrowers. So, there will be a marginal increase in the cost of credit to borrowers. The impact on banks’ profitability will be negligible. From the perspective of macro financial stability this is a welcome decision,” said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

13:33 (IST) 17 Nov 2023 Market Statistics

13:16 (IST) 17 Nov 2023 Railway stocks in focus

Railway shares gained, led by Titagarh Railway Systems, surged by more than 18%, followed by IRCON International, up by 7.78%, Railtel, up by over 10%, Texmaco Rail, up by 6%, and Rail Vikas Nigam, up by more than 5%.

12:42 (IST) 17 Nov 2023 PSU Bank at day lows

The Nifty PSU bank lost 2.18% to 5,075.75 in intra-day trade on Friday. Bank of Baroda, Canara Bank, Indian Overseas Bank, UCO Bank, and Bank of India are the top losers on the Nifty PSU Bank index.

12:26 (IST) 17 Nov 2023 Mid-day Markets

12:13 (IST) 17 Nov 2023 Nykaa share in focus

The shares of Fsn-E-Commerce Ventures (Nykaa) gained over 7.7% to 164.30 in intra-day trade on Friday. Nykaa shares turned positive for 2023 after experiencing the best single-day gain in five months.

12:05 (IST) 17 Nov 2023 Top losers on NSE

State Bank Of India, Axis Bank, ONGC, Bajaj Finance, and ICICI Bank are the top losers o NSE Nifty 50 index.

12:00 (IST) 17 Nov 2023 Top gainers on NSE

SBI Life Insurance, HDFC Life Insurance, Hero MotoCorp, Apollo Hospitals, and Asian Paints are the top gainers on NSE Nifty 50.

10:55 (IST) 17 Nov 2023 Media stocks shine

The Nifty Media index gained over 1% to 2,299 in intra-day trade on Friday. Saregama, Dish TV, Sun TV, TV18 Broadcast, and PVR Inox are the top gainers on the Nifty Media index

10:22 (IST) 17 Nov 2023 Stocks at 52-week high

SBI Life Insurance, Hero MotoCorp, Apollo Hospital, Bajaj Auto, and Eicher Motors are trading at their 52-week high.

10:04 (IST) 17 Nov 2023 Interglobe Aviation in focus

The stock of InterGlobe Aviation gained 2.63% to 2,634.65 following the news that IndiGo continued to dominate the Indian skies with a 62.6% market share in October, according to domestic air traffic data.

09:57 (IST) 17 Nov 2023 USD-INR outlook

“The anticipated pull back stretched beyond 83.19 surprisingly, forcing us to abandon the downside prospects. As upswings push on, they will now face challenges from 83.30, which has been a daunting challenge for all through this month and the previous. We will wait for a push beyond the same or a drop below 83.02 for directional plays,” said Anand James, Chief Market Strategist at Geojit Financial Services

09:52 (IST) 17 Nov 2023 Top gainers on F&O

SBI Life Insurance, ICICI Lombard, Indiabulls Housing Finance, ICIC Prudential, and HDFC Life Insurance are the top gainers on F&O basket

09:44 (IST) 17 Nov 2023 Nifty outlook

“Barring an extreme scenario, given the sharp plunge yesterday, which could see extended profit booking towards 19540 or 19450, we are well poised to extend the upside objective to 20100. This would require Nifty to get back above 19740 after initial indecisiveness though, but it would not be surprising to expect a sideways move,” said Anand James, Chief Market Strategist at Geojit Financial Services

09:41 (IST) 17 Nov 2023 Derivative outlook

“Nifty weekly contract has highest open interest at 19800 for Calls and 19700 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new OI addition was seen at 19800 for Calls and 19750 for Puts in weekly and at 20300 for Calls and 19750 for Puts in monthly contracts. FIIs increased their future index long position holdings by 8.67%, decreased future index shorts by 6.22% and decreased in index options by 0.66% in Call longs, 3.16% in Call short, 0.60% in Put longs and 5.05% in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services

09:37 (IST) 17 Nov 2023 Banks and NBFC in focus

Banks and NBFC companies are in focus following the news that the Reserve Bank of India has made consumer lending more expensive for both banks and non-bank lenders. The RBI has also instructed them to limit exposure to such loans due to growing risk concerns. Consumer loans will now attract a credit risk weight of 125%, compared to the previous 100%. Similarly, for NBFCs, consumer loans will also carry a risk weight of 125%.

09:34 (IST) 17 Nov 2023 Auto stocks shines

Sona Blw Precision, Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra, and TVS Motors are the top performing stocks on Nifty Auto index.

09:30 (IST) 17 Nov 2023 Paytm share in focus

Paytm share in focus following the news that UPI has added a billion transactions in two months, reaching the 11 billion mark amid the festive season, according to the RBI Bulletin.

09:25 (IST) 17 Nov 2023 Top loser on NSE

State Bank of India, Bajaj Finance, Axis Bank, Bajaj Finserv, and HDFC Banks are the top losers on NSE Nifty 50 Index

09:22 (IST) 17 Nov 2023 Top gainers on NSE

BPCL, Asian Paints, Hero MotoCorp, Divis Labs, and HCL Technologies are the top gainers on NSE Nifty 50.

09:18 (IST) 17 Nov 2023 Markets at open

The NSE Nifty 50 dipped 0.46% to settle at 19,674.75, while the BSE Sensex slipped 0.29% to 65,788.79.

08:50 (IST) 17 Nov 2023 Market Outlook

“Yesterday’s trading on Dalal Street painted a positive short-term outlook for Nifty, with bulls likely to drive further gains following a significant drop in inflation. Technical analysis indicates solid support for corrective declines around Nifty 19657, with a key milestone at 19889 for fresh upside. Positive catalysts include rising copper prices, a decline in WTI crude futures, easing US-China tensions, optimism about Fed rate hikes, strong FIIs net buying, a weakened US Dollar, lower US Treasury yields, and diplomatic efforts in the Middle East. Trade recommendations include buying Nifty at 19765 and Bank Nifty at 44161, with specific targets and stops. Bullish prospects are noted for SIEMENS, NTPC, ASHOK LEYLAND, ASIAN PAINTS, and L&T FINANCIAL.  HOMEFIRST FINANCE COMPANY is recommended as a buy with an entry price of 951, a target of 1201, and a stop loss at 821, holding for 0-365 days,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

08:47 (IST) 17 Nov 2023 F&O Ban

The NSE has added MCX India, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, SAIL, and Zee Entertainment Enterprises to its F&O ban list for November 17, 2023.

08:45 (IST) 17 Nov 2023 Bank Nifty Outlook

Bank Nifty index added as much as 310.45 points or 0.75% to settle at 44,201.70 on Wednesday. “Bank Nifty exhibited a predominantly sideways movement subsequent to a gap-up commencement. Nevertheless, the index has consistently maintained its position above the crucial moving average on the daily chart, indicating a positive trend. Key support is situated at 44,000, and the sentiment is expected to stay optimistic as long as it remains above this level. On the upside, there is a potential movement towards 44,750,” said Rupak De, Senior Technical analyst at LKP Securities.

08:40 (IST) 17 Nov 2023 Asian Markets

Shares in the Asia-Pacific region are trading in the red on Friday morning. The Asia Dow is trading down 0.18%, Japan’s Nikkei 225 is flat, down 0.01%, Hong Kong’s Hang Seng index is trading down 1.36% and the benchmark Chinese index Shanghai Composite is down 0.71%.

08:34 (IST) 17 Nov 2023 Crude Oil

WTI crude prices are trading at $72.81 down 0.12%, while Brent crude prices are trading at $77.32 down 0.13%, on Friday morning.

08:26 (IST) 17 Nov 2023 FII & DII Data

Foreign institutional investors (FII) purchased shares worth net Rs 975.25 crore, while domestic institutional investors (DII) added shares worth net Rs 705.65 crore on November 16, 2023, according to the provisional data available on the NSE.

08:20 (IST) 17 Nov 2023 Wall Street

The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average (.DJI) ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts, reported Reuters. The tech-heavy Nasdaq Composite gained 5.90 points or 0.04% at 14,109.73. The S&P 500 added 5.56 points or 0.12% at 4,508.24, while the Dow Jones Industrial Average dipped 45.47 points or 0.13% to 34,945.47.