CLOSING BELL: Among the Sensex 30 shares, Titan, M&M, Maruti, HDFC and Bajaj Finserv were the major per centage losers.

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

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		<strong>STOCK MARKET HIGHLIGHTS</strong></div>
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		After exhibiting lacklustre movement for a major part of the trading day on Thursday, the key benchmark indices weakened in late trade owing to selling pressure in auto, IT and HDFC twins.</div>
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		The S&P BSE Sensex, which, touched a high of 62,051 in morning deals, dropped to a low of 61,643 &ndash;down over 400 points from the day&rsquo;s high. The Sensex finally ended 230 points lower at 61,751.</div>
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		The NSE Nifty 50, from a high of 18,418 fell to a low of 18,313, and eventually settled 66 points lower at 18,344.<br />
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		Among the Sensex 30 stocks, Titan and Mahindra & Mahindra (M&M) slipped over 2 per cent each. Maruti, HDFC, Dr.Reddy&#39;s, Bajaj Finserv and Infosys were the other prominent losers. On the positive front, Larsen & Toubro gained 1.3 per cent. PowerGrid also finished with a notable gain.<br />
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			The broader indices also declined in line with the BSE benchmark. The BSE Midcap and Smallcap indices were down 0.3 per cent each. The breadth was also negative, with almost 2,000 shares declining as against 1,516 stocks advancing on the BSE.</div>
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			Sectorally, the BSE Consumer Durables index dropped 1.7 per cent. The Auto and Power indices were down 1.3 per cent each, while the IT index slipped 0.8 per cent.</div>
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	Among individual stocks, shares of <strong>Paytm</strong>&nbsp;tanked over 10 per cent to Rs 540, after nearly 6 per cent equity of the company changed hands on the exchange via block deals. Technically, in case, the stock breaks its all-time low, it can slide all the way to Rs 400. <a href="https://www.business-standard.com/article/markets/paytm-can-slip-below-rs-400-if-bears-tighten-grip-delhivery-may-hit-rs-300-122111700323_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		Shares of <strong>Tata Motors </strong>dipped 3 per cent in intra-day deals after Jaguar Land Rover&#39;s (JLR&#39;s) Chief Executive Officer (CEO) Thierry Bollor&eacute; announced his resignation from the company on Wednesday for personal reasons. He will serve his last day on December 31, 2022. <a href="https://www.business-standard.com/article/markets/tata-motors-dips-3-as-jlr-ceo-thierry-bollore-resigns-w-e-f-december-31-122111700390_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			<strong>R Systems International</strong> soared 15.7 per cent after private equity player Blackstone made an open offer to acquire majority stake in the IT-enabled services company at price of Rs 245 per share. <a href="https://www.business-standard.com/article/markets/r-systems-zooms-20-on-blackstone-s-open-offer-to-acquire-majority-stake-122111700257_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Pvt banks, IT drag Sensex 230pts down, Nifty below 18,350; Paytm tanks 10%

Business Standard

Pvt banks, IT drag Sensex 230pts down, Nifty below 18,350; Paytm tanks 10% | News on Markets - Business Standard

NIFTY DRAGS | Tata Motors, Titan, Hindalco sink up to 2%

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NIFTY GAINERS | Adani Enterprises, Cipla additional index winners

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HEATMAP | 12 of 30 Sensex stocks in green; L&T top winner

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OPENING BELL | Nifty opens below 18,400; 33 of 50 stocks slide

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OPENING BELL | Sensex declines over 100 pts at open

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PRE-OPEN SESSION | Nifty likely to open below 18,400

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PRE-OPEN SESSION | Sensex drops over 150 pts in pre-market deals

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CURRENCY ALERT | Rupee opens 34 paise weaker at 81.64/$

Stocks to watch: Bajaj Auto, RIL, Paytm, Aurobindo Pharma, NMDC, Page Inds

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	<strong>Bajaj Auto</strong>: According to reports, the auto major is planning to tap the opportunity to sell its electric scooters in the South-East Asian markets, given the countries have announced favorable targets for conversion of ICE vehicles to electric. The management said that the transition to EVs is big opportunity is countries like Thailand, Vietnam, and Indonesia.&nbsp;<br />
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	<strong>Reliance Industries</strong>: Telecom operator, Reliance Jio launched international roaming packs for customers who will be going to Qatar to watch the FIFA World Cup 2022. These plans shall be functional in Qatar, UAE, and Saudi Arabia. With five prepaid plans, the plans are segregated into one that bundles voice, data, and SMS benefits, whereas, the second is just for data loading. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-bajaj-auto-ril-paytm-aurobindo-pharma-nmdc-page-inds-sbi-122111700106_1.html" target="_blank"><strong>Read more</strong><br />
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Softbank to divest 29 mn shares in Paytm via block deals on Thursday

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	Floor price set at Rs 555, 8% discount to last close. <a href="https://www.business-standard.com/article/companies/softbank-to-divest-29-mn-shares-in-paytm-via-block-deals-on-thursday-122111601357_1.html" target="_blank"><strong>Read more</strong><br />
	<img alt="Paytm" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-11/09/full/1636447857-4302.jpg?im=Resize,width=640" /></a></div>

Windfall profit tax on crude oil hiked, levy on export of diesel cut

The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel. <a href="https://www.business-standard.com/article/economy-policy/windfall-profit-tax-on-crude-oil-hiked-levy-on-export-of-diesel-cut-122111601664_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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WATCH VIDEO | Are OMC stocks a good bet at the current levels?

Geopolitical tensions have pushed the prices of brent crude oil by 13% in the last one year. Find out the scenarios that may play out in the oil market next year, and what it means for investors. <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/are-omc-stocks-a-good-bet-at-the-current-levels-1772.htm" target="_blank"><strong>WATCH VIDEO</strong></a><br />
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DIIs bought equities worth Rs 1,437 crore on November 16

FIIs sold Rs 386 crore worth of equities on November 16