Sensex Today | Stock Markets Live Update: Nifty breaks below 23,500 as sell-off extends to sixth session
Stock Market Live Update: At a time when the Nifty 50 has hit a 5-month low and is off 10% from its record high, the market yet again started the trading session of November 14 with minor cuts, even as the shares of Eicher Motors gained more than 6% in early trade. Sensex hovered around 77,650 whereas the Nifty 50 remained below 23,600. Today is also the weekly options expiry for the benchmark index. Overall for the market, most analysts call setups oversold and predict a bounce from lower levels but they are yet to be found. Even if there comes a bounce, analysts project it to be a sell on rallies market. Today is also the final day of the results season for the September quarter, which has been one of more negative than positive surprises. We will keep you updated with all the live market action right here.
Stock Markets Live Update: Piyush Goyal's recipe for companies to get out of consumer slowdown
Commerce and Industries Minister Piyush Goyal has a word of advice for companies to emerge out of the ongoing consumption slowdown – cut prices!
Stock Markets Live Update: Market extends losses, Nifty breaches 23,500
#CNBCTV18Market | Market extends losses, Nifty breaches 23,500.
Top Nifty losers are #BPCL, ##HUL, #ITC and #Britannia pic.twitter.com/EBR2EQKaJu
— CNBC-TV18 (@CNBCTV18Live) November 14, 2024
Stock Markets Live Update: Inflation expected to moderate despite periodic humps, says RBI Gov Das
RBI Governor Shaktikanta Das said that inflation in India is expected to moderate despite the “periodic humps.”
“India’s economy has sailed well, very well despite global turbulence,” Das said.
Stock Markets Live Update: Looking ahead, financial system will continue to face new challenges, says Shaktikanta Das
The Reserve Bank of India’s Governor Shaktikanta Das said the financial system will continue to face “new challenges,” in his address during the CNBC-TV18 Global Leadership Summit in Mumbai on Thursday. He added that there is a “continued need for the financial sector entities to continue to strengthen capital and sharpen risk management.”
Stock Markets Live Update: An analyst projects a 32% upside in this IMFL player
Shares of Allied Blenders and Distillers Ltd. surged as much as 4% on Thursday, November 14, after brokerage firm Antique initiated coverage on the stock with a ‘Buy’ recommendation and a price target of ₹405.
Stock Markets Live Update: SpiceJet pays $22.5 million to settle $90.8 million Export Development Canada (EDC) dispute
SpiceJet said on Thursday that it paid just $22.5 million to settle a $90.8 million dispute case between the airline and Export Development Canada (EDC). This helped it save $68.3 million.
“This resolution allows us to move forward with a strengthened balance sheet and focus on getting our Q400 aircraft back into service as quickly as possible,” Ajay Singh, CMD, SpiceJet said.
Stock Markets Live Update: Rupee lingers at its all-time low ahead of WPI data
The rupee was trading flat at its all-time low on Thursday, pressured by foreign capital outflows and a strengthening dollar. Investors are on the lookout for the crucial Wholesale Price Index (WPI) data due later in the day.
Stock Markets Live Update: RBI should definitely cut interest rates, says Piyush Goyal
Minister of Commerce, Piyush Goyal, advocated for a cut in interest rates by the Reserve Bank of India during the CNBC-TV18 Global Leadership Summit in Mumbai on Thursday.
“It’s time that policy makers and monetary policy authorities should sit together and decide if food inflation needs to be part of calculating headline inflation ; there should be a serious thought on this,” he said.
Stock Markets Live Update: Jio Financial, Zomato potential Nifty inclusion candidates? Here is what analysts said
Jio Financial Services Ltd. and food delivery aggregator Zomato Ltd., could be potential candidates for inclusion in the Nifty 50 index during the next index reshuffle in March 2025, according to Nuvama Alternative & Quantitative Research.
Stock Markets Live Update: Sula Vineyards shares are down 45% from their recent peak — Is it time to buy?
Shares of Sula Vineyards have nearly halved from their peak of ₹699 that the stock had hit in January this year. The stock saw further losses after reporting its September quarter results.
Stock Market Live Update | PI Industries falls over 9% after sharp revenue growth guidance cut
Shares of PI Industries Ltd. fell as much as 9% on Thursday, November 14, after the company substantially cut its revenue growth guidance for the full financial year. It now expects revenue growth of high single-digits for financial year 2025, compared to its earlier guidance of 15% earlier.
Stock Market Live Update | BHEL shares may see further fall as valuations still 'frothy'
BHEL shares are trading with gains of over a percent on Thursday. Global brokerage firm CLSA has reiterated its ‘Underperform’ rating on state-run Bharat Heavy Electricals Ltd. (BHEL), raising its price target from ₹189 to ₹205 per share. Read here
Stock Market Live Update | Niva Bupa IPO lists on NSE, BSE
Shares of Niva Bupa Health Insurance Company Ltd. made a muted stock market debut on Thursday, November 14, to list at 6% premium over its initial public offer (IPO) price. Read here
Stock Market Live Updates: Piyush Goyal at CNBC-TV18 Global Leadership Summit shortly
As CNBC-TV18 marks its 25 years, Piyush Goyal will shortly be at the mega Global Leadership Summit in Mumbai to reflect on India’s Path to a Developed Economy.
Stay tuned to CNBC-TV18 for minute by minute updates
Stock Market Live Updates: Trading session starts with minor cuts
#CNBCTV18Market | Market opens with minor cuts. #Sensex around 77,650 & #Nifty below 23,600 pic.twitter.com/hEZ7MLPkXh
— CNBC-TV18 (@CNBCTV18Live) November 14, 2024
Stock Market Live Updates: Eichers Motors is the top gainer on Nifty 50
The shares of Eicher Motors were the top gainer on Nifty 50 ralling more than 6% in early trade, a day after the automaker reported its Q2 results.
Despite missing earnings estimates, several brokerages have upgraded both their ratings and price targets for Eicher Motors.
Stock Market Live Updates: Sensex, Nifty 50 open little changed
Sensex and Nifty 50 started the trading session of November 14 on a flat note with the 30-chip index starting at 77,636.94 whereas the 50 stocks blue-chip index started at 23,542.15.
Stock Market Live Updates: What Fed needs to do for dollar to remain strong
#OnCNBCTV18 | ????️ #Fed will have to stop reducing rates for #Dollar to remain strong
Expect a lot of #tariffs from #Trump which could impact the global economy
-Ed Yardeni, Yardeni Research pic.twitter.com/T9DqOj8g5o
— CNBC-TV18 (@CNBCTV18Live) November 14, 2024
Stock Market Live Updates: Here's a list of stocks that will be in focus, going into trade today
Stock Market Live Updates: Bitcoin briefly tops $93,000
Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.
The digital asset rose nearly 6% in the US to a record $93,462 but failed to hold the climb, falling back to $89,974 as of 10:28 a.m. on Thursday in Singapore. The wider crypto market swung between gains and losses amid choppy trading.
Speculators are trying to parse whether Trump’s rhetorical support for digital assets will continue to propel Bitcoin, opening a path to $100,000, or give way to a bout of profit-taking after a 33% advance since the US election on Nov. 5.
Stock Market Live Updates: Another day of all-time low for rupee as dollar, US rates extend rally
The Indian rupee is likely to dip to a lifetime low on Thursday in wake of the dollar and U.S. rates extending their post-U.S. election rally. The 1-month non-deliverable forward indicated that the rupee will open at 84.42-84.44 to the U.S. dollar compared with 84.3775 in the previous session and past the all-time low of 84.4125 hit on Tuesday.
The dollar index rose to 106.64 in Asia, the highest in a year. The index has now rallied nearly 3% following Donald Trump’s win.
Stock Market Live Updates: Tune in to Marketbuzz Podcast
Why Indian markets may open in the red to key stocks like Vodafone Idea, Zomato, and IRFC among others to watch out for, tune in to the Marketbuzz Podcast for all the news and cues ahead of market opening
Stock Market Live Updates: Is post-election rally over in US market?
US markets cooled off from the highs off the day to end at the flat line on Wednesday, as the post-election rally showed signs of exhaustion, extending from Tuesday’s fall.
The Dow Jones gained 50 points but not before correcting nearly 200 points from the day’s high. The S&P 500 was absolutely flat, while the Nasdaq fell 0.3% after a 100-plus point drop from the session’s highs.
However, the case for a rate cut from the US Federal Reserve increased after the October inflation print came in-line with expectations of 2.6%. Core CPI also grew 3.3%, which is what economists had predicted.
Post the inflation announcement, the probability of a 25 basis points rate cut from the US Federal Reserve increased to 81% from 60% on Tuesday, according to the CME FedWatch tool.
Stock Market Live Updates: A look at global cues ahead of market opening
Equities in Asia whipsawed Thursday as investors parsed a weakening yen and the prospect of a further US rate cut next month.
Shares in Japan, South Korea and Australia rose while those in China and Taiwan fell. Stocks listed in Hong Kong slumped, while its exchange stayed open despite signs of severe weather. US equities were little changed as the post-election rally appeared to stall. The S&P 500 was flat and the tech-heavy Nasdaq 100 dropped 0.2%.
Editor's Take: Prashant Nair Shares His Trade Setup
– Nifty is now down 10.2% from its peak
– Nifty Bank down 7.7% from its peak
– Nifty Midcap Index down 11.7% from its peak
– Nifty Smallcap now down 11% from its peak
– US Dollar continues its relentless march higher
– US Dollar index now past 106 levels
– Nifty next support at 23,189, a 61.8% retracement of rise from election low to All-time High
– Nifty Bank has its 200-DMA at 49,724
– Next support for Nifty Bank below its 200-DMA at 49,282
Editor's Take: Nigel D'Souza Shares The F&O Setup
– The US Dollar index is at a two-year high
– A technical bounce is due but the momentum is broken
– Nifty and the Nifty Bank are at their 200-DMA
– FIIs added 26,000 shorts, taking the net shorts to 2.12 lakh contracts
– Long-short ratio is now at the highest level since June 2024
– FPI holding in Indian equities at 18.6% a decadal low
– Mutual Fund cash levels is healthy at 5.8% at ₹1.73 lakh crore
– Nifty support zone seen between 23,300 – 23,500 mark
– Nifty Bank support seen at 49,500
Stock Market Live Update: How Have The Global Markets Behaved
The US markets ended off the highs of the day on Wednesday.
US CPI was in-line with expectations, boosting the case of a rate cut from the Fed.
Asian markets too have opened fairly mixed with Japan and South Korea trading higher but the Hang Seng trading with modest losses.
Stock Market Live Updates: What Are Analysts Saying On The Nifty
According to Rupak De of LKP Securities, the index has slipped sharply due to strong selling by major players. The Nifty has fallen toward its 200 DMA, breaching the support level at 23800. Immediate support is now at 23500, and a fall below this level could trigger further correction toward 23300–23200. On the higher end, resistance is positioned at 23750.
Stock Market Live Updates: What Is The GIFT Nifty Indicating?
#CNBCTV18Market | #GIFTNifty trading with a discount of more than 10 points from Nifty Futures’ Wednesday close, indicates a muted start for Indian market pic.twitter.com/3kmDZ0pwSk
— CNBC-TV18 (@CNBCTV18Live) November 14, 2024
Stock Market Live Updates: What Next For The Nifty?
Most analysts call setups oversold, predict a bounce from lower levels but they are yet to be found. Even if there comes a bounce, analysts project it to be a sell on rallies market.
Today is also the final day of the results season for the September quarter, which has been one of more negative than positive surprises.