The major indices opened lower this week and closed with gains.
On Monday, the indices opened gap down and ended with gain. On the Bombay Stock Exchange (BSE), 2,092 stocks advanced, 1,511 declined and 181 remained unchanged with advance decline ratio of 1.38, indicating strength in broader markets.
On NSE, 91 securities advanced and closed at new 52 week high whereas 19 securities sank to close at their new 52-week lows. In sectorial indices, Nifty Metal and Nifty Financial Services were the biggest losers whereas Nifty Oil& Gas and Nifty Auto were the biggest gainers. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small Cap gaining more than 0.7% each.
Rupee ended at 81.67/$ as compared to Friday’s close of 81.69/$.
S&P has reduced India’s FY22-23 GDP growth forecast by 30 bps (basis points) to 7% and FY23-24 by 50 bps to 6%.
In insider buying and selling, Shakti Pumps (India) promoters bought net 16,000 shares through open market. Oil marketing companies end higher as crude oil slipped to 10 months low. HPCL and BPCL gained more than 5%.
In large trades, Voltas 0.14% equity changed hands at Rs848.50 per share. ICICI Lombard’s 0.11% equity changed hands at Rs1,157.55 per crore. RVNL’s 0.5% equity changed hands at Rs76.2 per share.
On Tuesday, the indices opened gap down and ended with gain. On the Bombay Stock Exchange (BSE), 1,716 stocks advanced, 1,763 declined, and 148 remained unchanged with advance decline ratio of 0.97.
On NSE, 81 securities advanced and closed at new 52 week high whereas 24 securities sank to close at their new 52-week lows. In sectorial indices, Nifty Realty and Nifty Auto were the biggest losers whereas Nifty FMCG and Nifty Metal were the biggest gainers. The broader market indices underperformed their larger peers with BSE Midcap and BSE Small Cap declined 0.4% and 0.3% respectively.
Rupee ended at 81.72/$ as compared to Monday’s close of 81.67/$.
In insider buying and selling, Max Financial Services Promoters sold net 5,400,000 shares through open market. HDFC Life Insurance Company Director sold net 60,000 shares through open market. CMI Promoters sold net 68,043 shares through open market. Shakti Pumps (India) Promoters bought net 12,000 shares through open market. Shalby Promoters bought net 20,000 shares through open market.
In large trades, Prism Johnson’s 1.4% equity changed hands at Rs120.25 per share. Delhivery’s 0.5% equity changed hands at Rs307 per share. ICICI Prudential’s 0.24% equity changed hands at Rs456 per share.
Krishna Institute of Medical Sciences has acquired an additional stake of 7.79% in subsidiary Arunodaya Hospitals.
On Wednesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 2,058 stocks advanced, 1,438 declined, and 106 remained unchanged with advance decline ratio of 1.43 indicating positive momentum across broader market.
On NSE, 67 securities advanced and closed at new 52 week high whereas 25 securities sank to close at their new 52-week lows. In sectorial indices, Nifty PSU Bank was the only loser whereas Nifty Metal and Nifty Auto were the biggest gainers. The broader market indices performed slightly better than their larger peers with BSE Midcap and BSE Small Cap gaining 1.06% and 0.61% respectively.
Rupee ended at 81.42/$ as compared to Tuesday’s close of 81.72/$.
April to October fiscal deficit was at Rs7.58 lakh crore as compared to Rs5.47 lakh crore in the same period previous year. It has reached 45.6% of budgeted target.
Pennar Industries Promoters bought net 15,000 shares through open market. Immediate relative of Dhanlaxmi Bank insider sold net 375,000 shares through open market. Shakti Pumps (India) promoters bought net 3,000 shares through open market. Lincoln Pharmaceuticals Promoters bought net 91,500 shares through open market. Immediate relative of DFM Foods insider sold net 3,942 shares through open market. Godfrey Phillips India promoters sold net 19,780 shares through open market. Uttam Sugar Mills promoters sold net 24,762 shares through open market.
In large trades, Varun Beverage’s 0.55% equity changed hands at Rs1,198 per share. The stock was up 9%. Indian Hotels 0.7% equity changed hands at Rs319 per share. Jubilant FoodWorks 0.2% equity changed hands at Rs542 per share.
On Thursday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 2,076 stocks advanced, 1,408 declined, and 152 remained unchanged with advance decline ratio of 1.47 indicating positive closing of most of the stocks.
On NSE, 74 stocks advanced and closed at new 52 week high whereas 21 stocks sank to close at their new 52-week lows. In sectorial indices, Nifty Oil& Gas and Nifty FMCG were the biggest losers whereas Nifty IT and Nifty PSU Bank were the biggest gainers. Broader market indices outperformed their larger peers with BSE Midcap and Small Cap gaining more than 0.6% each.
November total GST collection increased by 11% y-o-y to Rs1.46 lakh crore.
Rupee ended at 81.22/$ as compared to Wednesday’s close of 81.42/$.
Euro Zone November manufacturing PMI was at 47.1 as compared to estimate of 47.3.
Ashapura Minechem Promoters bought net 5,000 shares through open market. TD Power Systems Director bought net 5,000 shares through open market. Geojit Financial Services Promoters sold net 125,000 shares through open market. Vaxtex Cotfab Promoters sold net 384,004 shares through open market. Bombay Super Hybrid Seeds Promoters bought net 25,480 shares through open market. Prozone Intu Properties Promoters sold net 54,180 shares through open market. Lagnam Spintex Promoters bought net 15,000 shares through open market.
According to Yes Bank the proposed investment by CA Basque Investments and Verventa Holdings has been conditionally approved by RBI. KPI Green declined nearly 3% after its board approves bonus issue in the ratio of 1:1.
After 8-day non-stop rally, frontline equity indices took a breather on Friday. On the Bombay Stock Exchange (BSE), 2,030 stocks advanced, 1,455 declined, and 136 remained unchanged with advance decline ratio of 1.39 indicating strength in broader market.
On NSE, 70 stocks advanced and closed at new 52 week high whereas 18 stocks sank to close at their new 52-week lows. Auto stocks were under pressure after the release of monthly sales numbers. Realty and metal stocks continued to see traction. On the back of news flows, niche industries including defense, pipes, and beverage corporations were popular.
The Rupee fell by 9 paise to close at 81.35/$. Dollar index was trading at 104.51.
Amara Raja Batteries plans to invest Rs9,500 crore for lithium-ion battery gigafactory in Telangana. The proposed facility located in the Mahbubnagar district will have a lithium cell gigafactory with an ultimate capacity of up to 16GWh (gigawatt hours) and a battery pack assembly unit of up to 5GWh.
Maruti Suzuki announced that it has planned to increase prices across models from January 2023. The company said that the decision was prompted by continued cost pressure due to overall inflation and recent regulatory requirements.
Zydus Lifesciences gets US FDA (Food and Drug Administration) approval to market menopause capsule, Estradiol Transdermal System. The drug will be manufactured at the group’s formulation manufacturing facility at Ahmedabad (Gujarat).
