S&P BSE Sensex now sits at 44,632 points while the 50-stock NSE Nifty is at 13,133. Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices closed flat with a positive bias on Thursday as Dalal Street witnessed yet another volatile trading session. S&P BSE Sensex now sits at 44,632 points while the 50-stock NSE Nifty is at 13,133. Broader markets were again outperforming the benchmarks with midcap and smallcap stocks zooming ahead. On Friday morning, cues from global peers seem mixed. Stock markets in the United States closed with gains on Thursday with Dow Jones gaining 0.29% and NASDAQ jumping 0.23%. However, Asian Peers, including Shanghai Composite, Hang Seng, and TOPIX were in the red. South Korean equity indices were trading with gains. SGX Nifty was trading over 35 points higher.
India’s most valuable lender was pulled down by the Reserve Bank of India (RBI) on Thursday for its repeated digital service outage. The central bank has asked HDFC Bank to halt any new digital launches and stopped it from signing up new credit card customers until the lender checks and rectifies the lapses. The move comes weeks after the latest disruption at HDFC Bank which was aided by a power outage at its facility. HDFC Bank shares closed 2.13% lower on Thursday as the worst performing Sensex constituent.
Highlights
Among the top gainers on Sensex were UltraTech Cement, Bharti Airtel, and Mahindra & Mahidra. Adani Power and Tata Power were the top gainers on BSE Midcap index.
Sensex and Nifty began Friday's trading session with gains. S&P BSE Sensex was above 44,700 points while Nifty 50 breached 13,150.
Nifty crosses 13,170 during the pre-opne session while Sensex added 33 points.
Sensex jumped over 100 points in the pre-open session. Nifty was holding above 13,160.
Sensex jumped over 100 points in the pre-open session. Nifty was holding above 13,160.
After having started the pre-open session with losses, Sensex soon recouped and was trading in the green. Nifty was still above 13,150.
Nifty was seen breaching 13,150 during Friday's pre-open session. Sensex on the other hand was trading flat with a negative bias.
Maximum Put OI is at 12,000 strike with 31.52 lakh contracts. Put writing was also seen at these levels with addition of 1.11 lakh contracts.
For the December series, maximum Call Open Interest (OI) is placed at 13,000 strike with 27.17 lakh contracts. This is followed by 19.37 lakh contracts at 13,500 strike. Massive Call writing was seen at 13,200 strike, adding 1.92 lakh contracts.
Foreign Institutional Investors may have kept the benchmark indices in the green on Thursday with their net buying of domestic securities worth Rs 3,637 crore. Domestic Institutional Investor were again seen selling stocks, this time worth Rs 1,439 crore.
Sensex and Nifty continued to trade range bound on Thursday, even after reaching fresh all-time highs. “A reasonable negative candle was formed at the new highs and the market is now placed at the edge of the support of previous swing highs of 13140-13130 levels as per the concept of change in polarity. But, failed to show any convincing upmove from the support. This action could be a cause of concern at the highs,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He adds that the short-term trend continues to remain positive with support at 13,000.
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The Reliance Communication resolution plan the lenders will get Rs 4,400 crore from Reliance Digital Platform, news agency IANS reported.
The Mumbai bench of the NCLT on Thursday approved the resolution plan for Reliance Infratel, a subsidiary of Reliance Communications.
HDFC Bank is the market leader in terms of credit card volumes and spends, with 14.98 million credit cards in circulation at the end of September. Fees from the cards and merchant acquiring businesses also constitute important lines of revenue for the lender.
On Thursday, HDFC Bank's share price fell 2.13% to end as the worst perofrming Sensex constituent. The fall came after the news of RBI's order became public.
The Reserve Bank of India (RBI) has ordered India’s largest private sector bank HDFC Bank to temporarily halt all launches of the Digital Business generating activities planned under its program Digital 2.0, and other proposed business generating IT applications, while also ordering the bank to stop sourcing new credit card customers. The order dated December 2 comes after HDFC Bank’s internet banking and payment system were disrupted by yet another outage on November 21. HDFC Bank has drawn criticism for various such incidents over the past two years. RBI has directed HDFC Bank’s top examine the lapses and fix accountability.
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