Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump

Closing Bell on December 15, 2023: Among sectors, the Nifty IT index zoomed 4.5 per cent, the Nifty Metal gained 2.13 per cent, and the Nifty PSU Bank index 2.39 per cent

9:17 AM

Opening Bell: Nifty surges 100 pts to new high of 21,298

9:16 AM

Opening Bell: Sensex opens at fresh high, tops 70,800

9:08 AM

Pre-Open: Nifty above 21,280

9:07 AM

Pre-Open: Sensex off to positive start

9:04 AM

Currency Alert: Rupee opens 3 paise stronger at 83.29/$

8:58 AM

Slice of success: Have Zomato, Swiggy finally figured out the right recipe?

Something is cooking in on­line food delivery. After 15 years of grappling with the demands of the business — read cash burn — Guru­g­ram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it re­po­rted a profit in the following quarter as well: Of Rs 36 crore in the second qu­arter co­mpared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore. READ MORE

8:54 AM

Avoid going overweight or exiting from equities during bull markets

“Downward-trending global interest rates, moderating global growth and stable domestic growth have created a Goldilocks situation for India. There is still scope for a 5-10 per cent upside over the next few quarters, barring some unexpected and sharp downturn in the global economy,” says Mihir Vora, chief investment officer, TRUST Mutual Fund READ MORE

8:49 AM

RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report

Adani Enterprises is the top ‘all-round’ wealth creator, as per the 28th Wealth Creation study, which notes that technology emerged as the largest wealth-creating sector in the five years, followed by consumer and financial services. Regarding percentage growth, Lloyds Metals was the top performer, growing at an annualised rate of 79 per cent in the past five years. Adani Group flagship was a close second with a CAGR growth of 78 per cent followed by Tube Investments (63 per cent) and Linde India (56 per cent). READ MORE

8:45 AM

Go Air troubles mount as billionaire-backed Indian airline nears collapse

Meanwhile, Jindal Power Ltd. — Go’s sole potential buyer under its insolvency resolution process — has decided not to bid. Local media reported that Jindal couldn’t assess Go’s value because it is unclear how many planes it will have, after the aviation regulator signaled its aircraft should be returned to lessors READ MORE

8:41 AM

Market Lens :: Key levels for Nifty, Bank Nifty

NIFTY-50 OUTLOOK

>> NIFTY-50 has broken on the higher side with strong positive momentum which could take the index towards 21,300-21,500 levels.

>> The hourly average support has moved to 20,950 levels followed by 20,700 the last week double bottom lows.

>> Highest call OI has moved to 21,300 strike while, on the downside, the highest put OI is at 20,800 for the weekly expiry.

BANK NIFTY OUTLOOK

>> The previous last week top of 47,200 will act as strong support while, on the higher side, the round number of 48,000 and weekly pivot will act as resistance.

>> RSI and other key technical indicators has moved to the higher end of the range at 82 levels and over bought on hourly charts.

>> Bank Nifty 48,000 CE has the highest OI while, on the downside, has moved lower to 47,000 for the put OI.

Source: Reliance Securities

8:37 AM

Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon

PVR-Inox: Plenty Pvt Group & Multiples Pvt Group are likely to sell 2.33 per cent stake in the company via a block deal today, reported CNBC-TV18. 
 

SBI: The bank has executed transactions documents to buy a 6.35 per cent stake in Canpac Trends, which is in the business of paper packing solutions. READ MORE

8:33 AM

Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry

>> Stock price has broken out on the daily line chart with higher volumes.
 

>> Stock price has been forming bullish higher top higher bottom formation on the weekly chart. READ MORE

8:30 AM

Nifty Realty in 'overbought' zone; Nifty MidCap faces resistance at 13,200

The Nifty Midcap 50 Index, currently standing at 13,000.70, exhibits a bullish trend on the charts. However, a closer look reveals an impending challenge in the form of stiff resistance anticipated around the 13,200-mark. A decisive close above this level is deemed crucial, potentially paving the way for further upside targets at 13,664 and 14,400. READ MORE

8:27 AM

Fund Flow :: DIIs buy equities worth Rs 553.17 crore on Dec 14

8:24 AM

Fund Flow :: FIIs/FPIs buy equities worth Rs 3,570.07 crore on Dec 14