Share Market News Live: Sensex falls over 300 points, Nifty tests 18,750; Eicher Motors, Maruti top drags

Share Market Updates Today: Indian equity benchmarks started on a lower note today amid weak cues from the global markets. Asian shares fell, tracking an overnight decline in Wall Street. Japan's Nikkei plunged 1.55 per cent, South Korea's Kospi slipped 0.95 per cent, China's Shanghai Composite edged 0.15 per cent lower, while Hong Kong's Hang Seng index rose 0.26 per cent. Investors waited for US payrolls data to gauge more signs of a shift on interest rate plans from the Federal Reserve. Back home, foreign institutional investors sold a net of Rs 1,565.93 crore in equities on Wednesday, while domestic investors bought Rs 2,664.98 crore worth of shares, as per provisional NSE data.

Here are the share market Live Updates:

Mid & small cap indexes

Mid- and small-cap shares were positive as Nifty Midcap 100 and small-cap rose 0.19 per cent, respectively.

Top gainers and losers on NSE

Eicher Motors, Maruti, Divi's Lab, ICICI Bank and Tata Consumer Products were among the top gainers on the NSE platform today with their shares down as much as 2.39 per cent. In contrast, ONGC, BPCL, Hindalco, Reliance Industries and Coal India were among the top laggards.

Share market opening

Sensex falls 306 points or 0.48 per cent to trade at 62,978, Nifty moves 60 points or 0.32 per cent lower to trade at 18,752

Pre-opening deals

Sensex falls 276 points or 0.44 per cent to 63,007.74 in pre-opening deals; Nifty moves 110 points or 0.59 per cent lower to 18,702.40

Rupee vs dollar view - Amit Pabarii, MD, CR Forex Advisors

The Indian rupee rose in November by more than 1.70%, marking its first monthly gain this year and ending its longest losing streak in nearly four decades as the USD entered into a strong bearish trend. Yesterday, the USD-INR pair had tested the 81 mark for a few minutes but oil marketing companies and importer’s rush along with an intraday fall in Yuan spark a rally towards 81.30 levels. Overall, weaker USD, and stronger domestic fundamentals could pave the way for rupee to appreciate towards 80.80 to 80.50 in the near term. On the flip side, 81.30-81.50 will act as a crucial resistance zone for the pair.

Stock to watch

Reliance Industries, ONGC & GAIL (India): The government reduced windfall tax on domestic crude by half to Rs 4,900 per tonne and levy on diesel exports to Rs 6.5 per litre.

Mazagon Dock, Cochin Shipyard & Garden Reach Shipbuilders: The Centre plans to offer cash subsidies, lower taxes and other incentives to aid the shipbuilding industry, news agency Reuters reported citing government sources.

Hero MotoCorp: The bikemaker sold 390,932 units in November 2022, up 12 per cent on a yearly basis.

NMDC: The government invited expressions of interest to divest a 50.79 per cent stake in NMDC Steel.

Yes Bank: RBI allowed Advent and Carlyle to pick up a 9.99 per cent stake each in the lender, on a conditional basis. (Read more)

Corporate actions today

Gujarat Themis Biosyn and Som Distilleries & Breweries going ex-dividend. Shares of Likhitha Infrastructure and Mefcom Capital Markets would go ex-stock split today. Adcon Capital Services would go ex-rights today. (Read more)

Nifty Bank 'Put' option data

Major 'Put' open interests were seen at 43,200, 43,000 and 42,500 strikes with total open interest of 1,63,684, 1,07,173 and 1,00,305 contracts, respectively. Major 'Put' open interest additions were seen at 43,200 and 43,300 strikes which added 83,665 and 39,094 contracts. 'Put' unwinding was seen at 43,000 strike, which shed 62,324 contracts.

Nifty Bank 'Call' option data

Major 'Call' open interests were seen at 43,300, 43,500 and 44,000 strikes with total open interest of 2,04,850, 1,84,214 and 1,64,376 contracts respectively. Major 'Call' open interest additions were seen at 43,300 and 43,400 strikes which added 1,06,513 and 71,525 contracts, respectively. 'Call' unwinding was seen at 43,000 strike, which shed 66,453 contracts.

Nifty 'Put' option data

Major 'Put' open interests were seen at 18,800, 18,500 and 18,300 strikes with total open interest of 2,34,840, 1,83,663 and 1,09,589 contracts respectively. Top 'Put' open interest additions were seen at 18,800 and 18,850 strikes which added 1,77,533 and 27,028 contracts, respectively. 'Put' unwinding was seen at 18,600 strike, which shed 1,06,007 contracts.

Nifty 'Call' option data

Major 'Call' open interests were seen at 18,900, 18,850 and 19,000 strikes with total open interest of 2,32,759, 2,21,634 and 1,82,455 contracts respectively. Top 'Call' open interest additions were seen at 18,850 and 19,200 strikes which added 1,22,800 and 92,358 contracts, respectively. 'Call' unwinding was seen at 18,700 strike, which shed 94,945 contracts, NSE data, as on December 1 (3:30 pm), showed.

Oil edges higher

Brent crude futures rose 25 cents, or 0.20 per cent, to $87.13 per barrel, while US West Texas Intermediate crude futures edged 13 cents, or 0.16 per cent higher, to $81.35.

US stocks

Dow Jones fell 0.56 per cent to settle at 34,395.01. S&P 500 index edged 0.09 per cent lower to end the session at 4,076.57. Nasdaq inched 0.13 per cent higher to close at 11,482.45.

Stocks in F&O ban

BHEL, Delta Corp, Indiabulls Housing Finance and PNB are in F&O (Futures and Options) ban period today. Stocks are placed under F&O ban when the derivative contracts in their securities cross 95 per cent of the market-wide position limit.

FII-DII data

Foreign institutional investors (FIIs) sold Rs 1,565.93 crore worth of shares, while domestic institutional investors (DIIs) bought Rs 2,664.98 crore worth of shares on December 1, provisional NSE data showed.

SGX Nifty

Trends on SGX Nifty indicated a lower opening for the domestic markets. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 49 points or 0.26 per cent to trade at 8,926.5.

Previous close

The benchmark BSE Sensex had climbed 185 points or 0.29 per cent to hit a record closing of 63,284.19 on Wednesday, while the broader NSE Nifty had moved 54 points or 0.29 per cent higher to touch a fresh closing peak of 18,812.50. (Read more)