In the Sensex portfolio, Hindustan Unilever, Maruti, UltraTech Cement, Mahindra & Mahindra, Asian Paints and Nestle were the main laggards.
Tata Steel, Tech Mahindra, IndusInd Bank, Reliance Industries and ITC were the winners.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong traded lower.
Wall Street closed mostly lower on Thursday.
The BSE benchmark index rose 184.54 points or 0.29 percent to close at 63,284.19 on Thursday, a new closing high. The Nifty gained 54.15 points or 0.29 percent to close at 18,812.50, a new closing high.
Brent crude, the international oil benchmark, rose 0.30% to $87.14 a barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 1,565.93 crore on Thursday, according to exchange data.
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Talbros Automotive Components receives multi-year order worth Rs 4.2 crore
Prices as of December 2, 2022 10:15 amClick on a company name to see their real-time prices.
After reaching around 18,900, indecision spread on the expected line. The subsequent consolidation is also expected to spread into today, during which it is important not to exceed 18,715 in order to stick to the 19,400 trajectory. Upside hopes are expected to be diluted on a pullback above 18,715, but a breakdown is not expected unless 18,470 is broken.
– Anand James – Chief Market Strategist, Geojit Financial Services
Bitcoin breaks $17,000; Dogecoin, XRP and Solana jump as much as 6%
In his latest Greed and Fear report, Jefferies’ Chris Wood writes: “India exposure for long Asia ex-Japan and India portfolios has shifted”
#MarketsWithETNOW | “Changes to India exposure for Asia ex-Japan and India long portfolios”, writes… https://t.co/HqR9LM1GQc
— ET NOW (@ETNOWlive) 1669952504000
A major market positive that has helped global equities over the past few days has been the steady decline in the U.S. dollar index and U.S. bond yields. This trend continues. The dollar index is currently below 105 and the US 10-year Treasury yield is around 3.43%. Another important data is the decline in US manufacturing activity in November. From a market perspective, this negative economic news is paradoxically positive as it suggests that the US economy is responding to the Fed’s monetary tightening. As a result, U.S. inflation is likely to fall further, allowing the Fed to slow down the pace of rate hikes and possibly pause them in the first quarter of 2023. This is good for the market. Back home, despite the strength in our market, valuations are still at elevated levels. The space for further expansion of PE is limited. Therefore, the market may consolidate around current levels.
– Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services
PB Fintech in focus as 2.28 cr stake (5.1% stake) changes hands in 2 blockbuster deals
#StocksInNews | PB Fintech is in the spotlight as its 2.28 cr stake (5.1% stake) changes hands in 2 massive deals … https://t.co/hGzQIUlfG1
— ET NOW (@ETNOWlive) 1669952634000
D-Street hits record high! What’s next? Will India maintain its excellence? Where is the Nifty headed?
Live | D-Street hits record high! What’s next? Will India maintain its excellence? Where are the Nifty going? … https://t.co/FlH1CJElR0
— ET NOW (@ETNOWlive) 1669953153000
YES Bank, PNB are most active stocks on NSE
Prices as of December 2, 2022 09:27 amClick on a company name to see their real-time prices.
Opening bell: Sensex falls 200 points, Nifty tests 18,750; Eicher Motors falls 3%, PB Fintech up 5%
Pre-market session: Sensex falls 250 pts, Nifty dips below 18,750
Negative signal from SGX Nifty
Nifty futures on the Singapore Exchange were down 54 points or 0.28% at 18,921.50 at 7am, pointing to an unfavorable start for Dalal Street.
Asian stocks slip
- Japan’s Topix fell 1.6 percent
- South Korea’s Kospi fell 0.8%
- Australia’s S&P/ASX 200 index fell 0.7%
US stocks mixed
- The S&P 500 fell 0.08%
- Nasdaq up 0.13%
- Dow Jones Industrial Average down 0.56%
Dollar strengthens, oil prices fall
Brent crude futures were down 11 cents, or 0.1%, at $86.77 a barrel by 1:28 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 14 cents, or 0.2%. to $81.08 a barrel.
Dollar fluctuates as inflation recedes
- The Bloomberg Dollar Spot Index was little changed
- The euro was little changed at $1.0514
- Yen was little changed at 135.46 against the dollar
- The offshore yuan fell 0.1% to 7.0490 against the dollar
FII/DII actions
Foreign portfolio investors (FPIs) turned net sellers on Thursday after becoming net buyers over the past few sessions. They sold shares worth Rs 15.66 billion, provisional data showed. DII, on the other hand, turned net buyers after becoming sellers in recent sessions. They were net buyers of Rs 2,665 crore in equities.
Stocks in the F&O Ban
Bharat Heavy Electricals, Delta Corp, Indiabulls Housing Finance and Punjab National Bank. The securities under the lock-up period under the F&O section include companies whose securities have exceeded 95% of the market-wide position limit.
Rupee ends higher against dollar
The Indian currency ended higher against the dollar on Thursday, but gave up some of its intraday gains. The rupee settled at 81.2150 per dollar after testing an intraday high of 80.9825.
Sensex, Nifty close at record highs
The Sensex closed at a record 63,284 points, up 184 points or 0.29 percent from its previous close. It touched a fresh intraday high of 63,583. The Nifty rose 54 points or 0.3 percent to close at a new record of 18,812. The index hit a new intraday high of 18,887.60.
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