Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

8:57 AM

ALERT :: Add-shop ERetail opened 22 new franchises in Andhra Pradesh in November

>> The company has decided to incur capital expense for new products development and marketing i

>> It is planning launch of new products in spices, tea and coffee, and protein products for men, women and children.

 

8:53 AM

Fund Flow :: DIIs buy equities worth Rs 772.29 on Thursday

8:52 AM

Fund Flow :: FIIs extend profit booking, sell equities worth Rs 1,131.67 on Thursday

8:50 AM

Nandish Shah recommends this F&O strategy in Nifty Bank

We have seen long build up in the Bank Nifty futures on Thursday, where we have seen 14 per cent addition (Prov) in Open Interest with price rising by 1 per cent.

 

It has broken out from the narrow consolidation which held for previous 10 trading sessions. READ MORE

8:47 AM

WATCH :: How long will the rally in railway stocks sustain?

8:45 AM

Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank

One 97 Communications (Paytm): The company has scheduled its board meet on December 13 to consider a proposal for buyback of equity shares.

 

Hindustan Unilever (HUL): The FMCG major is set to enter India’s health & wellbeing category, having a potential market size of Rs 30,000 crore, by acquiring stakes in two companies. The company has bought a majority stake in Zywie Ventures, which sells plant-based and clean-label consumer wellness brand under the name OZiva, for Rs 264.28 crore. It will also indirectly acquire its subsidiary Zenherb Labs. READ MORE

8:43 AM

Here's why Mehul Kothari recommends to Buy Garden Reach, Praj Industries

Praj Industries

 

Buy Above: Rs 387.50

 

Target: Rs 412

 

During the past one month; Praj Industries has been in a corrective mode and has eroded around 17 per cent from the peak of Rs 461. The stock is a bit oversold on the daily time frame and has been consolidating above 200-day moving average since last few trading sessions. READ MORE

8:40 AM

Rupee check :: Rupee ends 5 paise stronger on Thursday at 82.43/$

>> Thus is against Wednesday's close of 82.48/$

8:37 AM

Oil prices stay sideways; Brent crude near $77/bbl

8:36 AM

SGX Nifty suggests positive start; Nifty may attempt to touch 18,800 in early deals

8:34 AM

Global markets :: US index futures gain up to 0.2%

8:33 AM

Global markets :: Most Asian indices edge up

8:32 AM

Global markets :: Wall Street gains after extended weakness

8:16 AM

Good morning readers! Catch all live market updates here with Business Standard

Catch all live market action here with Business Standard