Stock Market Today: At 8:54 am, the SGX Nifty futures were up 120.30 points at 12,977.00
Domestic stock markets gave up initial gains in a choppy session on Thursday, a day after benchmark indices S&P BSE Sensex and NSE Nifty 50 halted a three-day winning run in a retreat from all-time highs. The S&P BSE Sensex index slumped 367.66 points from an intraday high of 44,023.26 to hit 43,655.60 on the downside in the first hour of trade. The broader NSE Nifty 50 benchmark fell to as low as 12,805.20, having earlier climbed to 12,916.75 at the strongest level recorded in morning. Losses across sectors - led by banking, automobile and energy shares - pulled the markets lower.
Here are latest stock market updates:
Union Bank of India Gained 1% On Fund-Raising Plans
Union Bank of India shares gained 1 per cent to Rs 27 after the state-owned lender proposed to raise up to Rs 6,800 crore in this fiscal to fund its business growth.
Laurus Labs shares Gain 2% On Stake Purchase In Biotech Company
Laurus Labs shares rose 2.5 per cent to Rs 292 on the news that the pharma company bought a 72.55 per cent stake in biotech company, Richcore Lifesciences for Rs 246.67 crore from Eight Roads Ventures and VenturEast.
Sensex Falls Over 100 Points, Nifty Near 12,800 As Markets Give Up Initial Gains
At 10:03 am, the Sensex traded 139.18 points - or 0.32 per cent - lower at 43,688.92 while the Nifty was down 51.50 points - or 0.40 per cent - at 12,806.90.
Infosys, Reliance Industries, ICICI Bank and Maruti Suzuki were the biggest drags on Sensex.
BSE, NSE Suspend Trading In Lakshmi Vilas Bank
BSE, NSE have suspended trading in Lakshmi Vilas Bank after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India and removed restrictions on withdrawal of deposits.
BSE, NSE have suspended trading in Lakshmi Vilas Bank after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India and removed restrictions on withdrawal of deposits.
Bajaj Auto, Grasim Top Nifty Gainers
Top Nifty Gainers
Bajaj Auto: +1.86%
Grasim: +1.34%
M&M: +0.97%
Divi's Laboratories: +0.94%
Shree Cement: +0.89%
Cipla: +0.88%
L&T: +0.76%
UPL: +0.76%
Adani Ports:+0.73%
HDFC Bank: +0.70%
Top Nifty Losers
Asian Paints: -0.52%
Bajaj Finance: -0.54%
Nestle: -0.61%
Bharat Petroleum: -0.72%
ONGC: -0.74%
Tech Mahindra: -0.78%
Infosys: -0.83%
Maruti Suzuki: -0.85%
Eicher Motors: -1.01%
IndusInd Bank: -1.02%
Market LIVE Updates: Bajaj Auto, Grasim, M&M, Divi's Labs Top Nifty Gainers
Top gainers in the Nifty basket of 50 shares were Bajaj Auto, Grasim, Mahindra & Mahindra, Divi's Laboratories and Shree Cement, trading between 0.89 per cent and 1.86 per cent higher. On the other hand, IndusInd Bank, Eicher Motors, Maruti Suzuki, Infosys and Tech Mahindra - down 0.78-1.02 per cent each - were the worst hit among 19 laggards in the index.
Top gainers in the Nifty basket of 50 shares were Bajaj Auto, Grasim, Mahindra & Mahindra, Divi's Laboratories and Shree Cement, trading between 0.89 per cent and 1.86 per cent higher. On the other hand, IndusInd Bank, Eicher Motors, Maruti Suzuki, Infosys and Tech Mahindra - down 0.78-1.02 per cent each - were the worst hit among 19 laggards in the index.
Realty, Auto, Pharma Shares Rise; IT, PSU Banks Decline
Realty, pharmaceutical, automobile and fast-moving consumer goods shares supported the markets.
Here's how NSE sectors fared at the time:
Nifty Realty: +0.99%
Nifty Pharma: +0.70%
Nifty Auto: +0.43%
Nifty FMCG: +0.21%
Nifty Financial Services: +0.20%
Nifty Metal: +0.19%
Nifty Media:+0.07%
Nifty Bank: +0.02%
Nifty Private Bank: +0.02%
Nifty PSU Bank: -0.29%
Nifty IT: -0.33%
Market LIVE: Sensex, Nifty Pare Early Gains Amid Losses In IT, Energy Shares
However, the markets gave up most of those gains in the first few minutes of trade. At 9:23 am, the Sensex traded 14.25 points - or 0.03 per cent - higher at 43,842.35 while the Nifty was up 8.10 points - or 0.06 per cent - at 12,866.50. selling pressure in IT, energy and select PSU Bank shares weighed on the markets.
However, the markets gave up most of those gains in the first few minutes of trade. At 9:23 am, the Sensex traded 14.25 points - or 0.03 per cent - higher at 43,842.35 while the Nifty was up 8.10 points - or 0.06 per cent - at 12,866.50. selling pressure in IT, energy and select PSU Bank shares weighed on the markets.
Market LIVE: Sensex Gains Nearly 200 Points, Nifty Firm Above 12,900
The Sensex rose 195.16 points - or 0.45 per cent - to touch 44,023.26 at the strongest level recorded in early deals, and the Nifty climbed to as high as 12,916.75, up 58.35 points - or 0.45 per cent - from its previous close.
The Sensex rose 195.16 points - or 0.45 per cent - to touch 44,023.26 at the strongest level recorded in early deals, and the Nifty climbed to as high as 12,916.75, up 58.35 points - or 0.45 per cent - from its previous close.
Market LIVE Updates: Sensex Opens Over 100 Points Higher, Nifty Above 12,900
The S&P BSE Sensex index opened 139.30 points - or 0.32 per cent - higher at 43,967.40 while the Nifty began the day at 12,906.45, up 48.05 points - or 0.37 per cent - from its previous close. Gains in banking, financial services and metal stocks supported the markets, however losses in oil & gas shares limited the upside in early deals.
Market LIVE Updates: Global Share Markets Rise On COVID-19 Vaccine Optimism
Equity markets elsewhere in Asia rose on Thursday as investors' optimism on COVID-19 vaccines and the prospects of more political predictability and economic stimulus under the incoming Joe Biden administration in the US overrode a slate of weak data in the world's largest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading 0.30 per cent higher, while Japan's Nikkei 225 benchmark was up 0.60 per cent. The E-Mini S&P 500 futures were up 0.20 per cent, indicating a positive start for Wall Street on Thursday. MSCI's broadest gauge of the world's shares covering 49 markets added 0.10 per cent to bring its gains so far this month to 12.7 per cent, on course to make its biggest monthly gain on record.
Trading In Lakshmi Vilas Bank To Be Suspended From Today
Following the Union Cabinet's approval for the amalgamation of Lakshmi Vilas Bank (LVB) with the wholly-owned subsidiary of Singapore-based DBS Bank in India, the National Stock Exchange (NSE) said the bank's share trading will be suspended from November 26. (Read Full Story)
SGX Nifty Futures Indicate Positive Opening For Markets
The Nifty futures trading on Singapore Exchange rose 133.3 points - or 1.04 per cent - to touch 12,990.00 at the strongest level recorded ahead of the opening of Indian markets. At 8:54 am, the SGX Nifty futures - an indicator of the National Stock Exchange's Nifty 50 benchmark index - were up 120.30 points - or 0.94 per cent - at 12,977.00.
The Nifty futures trading on Singapore Exchange rose 133.3 points - or 1.04 per cent - to touch 12,990.00 at the strongest level recorded ahead of the opening of Indian markets. At 8:54 am, the SGX Nifty futures - an indicator of the National Stock Exchange's Nifty 50 benchmark index - were up 120.30 points - or 0.94 per cent - at 12,977.00.
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