homemarket NewsMarket Highlights: Sensex, Nifty 50 end at two month low, decline for third straight week; Adani twins top losers

Market Highlights: Sensex, Nifty 50 end at two-month low, decline for third straight week; Adani twins top losers

Market Highlights: Sensex, Nifty 50 end at two-month low, decline for third straight week; Adani twins top losers
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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended lower for the fourth straight session on the last trading day of the week amid negative cues from global markets. Sensex slipped below 60,000 for the first time since October 28. Both the headline indices posted biggest single day fall in three months. Shares of Abans Holdings and Landmark Cars debuted on the bourses today. Broader market indices mirrored the losses in the headline indices and posted the biggest single-day fall in 10 months. Nifty Midcap 100 and Smallcap 100 ended down 3.8 percent and 4.7 percent respectively. 

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Dec 23, 2022 3:50 PM

Stock Market Update | Use every bounce as a profit booking opportunity: Cashthechaos.com's Jai Bala

"Key sectors like banks and heavyweights like ICICI Bank, State Bank of India (SBI), they've been seeing cracks, and I've been pointing out that the auto sector, which was a leader from March to December, has been forming head and shoulders top. That top is complete and we are even seeing a lower low on the auto index. So use every bounce as a profit booking opportunity. If you're a trader, you need a little bit of sharp eye to pick up shorting candidates from there," says Jai Bala of Cashthechaos.com.

Dec 23, 2022 3:48 PM

Stock Market Update | Will be able to make money next year if you are in the right pockets: Anshul Saigal
"2023 is likely to be a volatile year, again, it has been a very narrow market in 2022. If you were invested in the broader markets, probably you didn't make much money. If you were in the right stocks in this year, you obviously made a lot of money, look at what happened to the PSU banking space. At the same time, the darlings of last year, which is the IT sector, that sector didn't do too well. So essentially, this is a year where if you had some understanding of visibility on earnings, you made money," says Anshul Saigal, Head & Executive VP, Kotak PM, Head & Executive VP, Kotak PM. "You got to choose your pockets with much more distinction. I do believe that next year is a year where you will be able to make money if you are in the right pockets. With the recent correction, I am spoilt for choice there is a lot of opportunity in the markets."

Dec 23, 2022 3:38 PM

Market at Close | Sensex and Nifty end at two-month low

-- Market falls for fourth straight day to record biggest losing streak in three month
-- Sensex and Nifty post biggest one-day fall in three months and midcap index in 10 months
-- Sensex and Nifty now down more than five percent from record highs hit on December 1
-- In last three days, BSE companies erase market cap gains of last three months
-- BSE companies erase market cap of nearly Rs 20 lakh crore from record level hit last week
-- Market falls for third straight week to post biggest weekly fall in six months

Dec 23, 2022 3:34 PM

Rupee Check | Rupee ends 10 paise from previous close at 82.86 vs dollar

Dec 23, 2022 3:33 PM

Stock Market Update | Adani Ports to develop logistics and warehousing parks in Ahmedabad & Kolkata through new JV

The purpose of the joint venture agreement is to develop and operate logistics and warehousing parks in Ahmedabad and Kolkata. (Read more)

Dec 23, 2022 3:27 PM

Stock Market Update | Sensex at 59,871.8, breaches 60,000 for the first time since October 28 

Dec 23, 2022 3:23 PM

Buzzing Stock | L&T Technology Services top loser on the IT index
- Shares of L&T Technology Services fall as much as 6.5 percent on Friday
- The stock is the top loser on the Nifty IT index
- All other constituents of the Nifty IT index are also trading with losses
- LTTS is now down for the second straight day

Dec 23, 2022 3:17 PM

Stock Market News | Biocon gets GMP certificate from European regulator for Bengaluru API plant

The certification was issued after a GMP inspection of the plant conducted between September 12 and September 14. (Read more)

Dec 23, 2022 3:06 PM

Buzzing Stock | Indian Overseas Bank top loser on the PSU Bank index
-- Indian Overseas Bank shares trade with losses of over 14 percent
-- This is the biggest single-day drop for the bank's shares in 2022
-- The stock has now declined in five out of the last six trading sessions
-- Before the correction, the stock had gained for eight days in a row
-- The stock has declined 25 percent in the last six trading sessions

Dec 23, 2022 3:04 PM

Stock Market Update | Tata Power gets Rs 450 crore credit line from Japanese bank MUFG

This credit facility was extended for two solar projects under TP Kirnali Ltd. (Read more)

Dec 23, 2022 3:00 PM

Buzzing Stock | India Cements falls the most in nine months
-- Down nearly 10 percent in today's trading session
-- Third biggest intraday drop in 2022 for India Cements
-- Shares are down 35 percent from their 52-week high
-- Today's drop erases all of India Cement's gains for the year
-- Shares have declined in six out of the last seven trading sessions
-- The stock is down 20 percent in the last seven trading sessions

Dec 23, 2022 2:55 PM

Stock Market Update | Not going to run up to new all-time highs anytime soon: Rohit Srivastava

"I do think that the top that we have seen is probably an important one that will stay for a while. I don’t think we are going to run up to new all-time highs anytime soon, which means that even the breakdown that we are seeing specifically the 18,000-18,100 range which is the trendline from the bottom that we made in October, is an important breakdown level because it sort of breaks the entire trend that had been going on since June. And I think that sets the tone for what might lie ahead," says Rohit Srivastava, Founder & Strategist, Indiacharts.com."In the very short term we may get to a point where there's support coming in at the 20-week average, which is at 17,845. Unless we really close below that, probably into the yearend, you could get some kind of a bounce back because typically volumes dull, a lot of traders are away, so a lot of the selling may end up being complete today."

Dec 23, 2022 2:55 PM

Zomato Large Trade | 1.47 crore shares or 0.2% equity of Zomato change hands

Dec 23, 2022 2:48 PM

Buzzing Stock | Brigade Enterprises bucking the trend

- Top gainer on the Nifty Smallcap index
- One among the only two stocks that are gaining on the 100-stock gauge
- Stock still down 5.3 percent this year so far
- Brigade shares are trading below their 52-week high of Rs 585

Dec 23, 2022 2:40 PM

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