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Dec 20, 2021 5:29 PM

Indian market strong enough, investors should hold on to quality stocks: Equity99's Rahul Sharma

Rahul Sharma of Equity 99 is of the view the Indian market is strong enough and investors should hold on to quality stocks now. "The market is currently setup in a high volatile zone. It has been in a correction mode for the last many sessions, but the recovery at the end of the day on Monday is a good sign. We can see a bounceback on Nifty for the next few sessions followed by a dip. Tuesday's session will be very important to see if the bulls are taking over the bears," he said.

"The market needs to open and end in the green, else we can see more dips in the coming days. Inflation, the estimation of high Fed rate increasing risk, the Omicorn fear and continuous selling by FIIs are leading to the fall in the Indian market... Every correction is in fact a good opportunity to add more quality stocks in your portfolio," he said.

Dec 20, 2021 5:14 PM

Maintain cautious view on market for next couple of days: Siddhartha Khemka

Siddhartha Khemka, Head-Retail Research at Motilal Oswal Financial Services, has maintained his cautious view on the market for the next couple of days. "The market has corrected by around 10 percent from its peak driven by consistent FIIs selling, tightening of monetary policy by central banks globally and concerns over the impact of rising Omicron cases on a recovery. The overall market breadth remains negative, and it would require strong positive triggers to change the current negative trend. Selling pressure is intact at higher levels and any recovery or bounce is being used by traders to go short," he said.

Dec 20, 2021 4:49 PM

Explained: Sebi ban on futures trading in 7 agri commodities and its impact

Capital and commodities market regulator SEBI has added soybean and crude palm oil (CPO) to the list of agri commodities in which futures trading has been banned, taking the total number of banned agri commodities to seven.

Soybean and CPO have been added to the list of agri commodities in which no futures trading will be allowed. Chana, mustard, paddy, wheat and moong are already on the list. (Read more)

Dec 20, 2021 4:42 PM

Rising COVID cases, FII outflow impacting market sentiment, next major support for Nifty at 16,300: Ajit Mishra

Ajit Mishra, VP-Research at Religare Broking, said the market has reacted to the news of a sharp jump in COVID cases globally which may result in a lockdown. "Though the situation is under control domestically at present, any impact on the global economic recovery would dent our prospects too. Besides, the continuous outflow of foreign funds was also weighing on the sentiment," he said.

"We reiterate our cautious view on the market and suggest focusing more on risk management. Investors, on the other hand, can start to accumulate quality stocks selectively from a long-term perspective. The Nifty has the next major support at 16,300," he added.

Dec 20, 2021 4:29 PM

Market trend remains bearish, higher levels can be used to go short for 16,150-16,200 target: Manish Hathiramani

Manish Hathiramani, Proprietary Index Trader and Technical Analyst at Deen Dayal Investments, said the Nifty50 almost hit the target of 16,400 witnessed a bounce. "The trend however continues to be bearish and we could use higher levels to go short for the next target of 16,150-16,200. The upside for the index is currently capped and the trend is clearly down," he said.

Dec 20, 2021 4:23 PM

Worst Days On D-Street | A look at biggest crashes during the pandemic and before

Bloodbaths on D-Street: Headline indices Sensex and Nifty50 have witnessed several crashes in the recent past that remind Dalal Street investors of the global financial crisis of 2008. The latest plunge, of December 20, for instance, is the 15th time this year that the 30-scrip index shed more than 1,000 points in a single day. Here's a look at some of the worst crashes during the COVID-19 period and beyond. (Read more on market bloodbaths)

Dec 20, 2021 4:10 PM

Market At Close | BSE companies erase market cap of Rs 7 lakh crore

Here are some highlights:

--Sensex, Nifty, midcap index at 4-month closing lows

--Nifty Bank falls 1,179 points to 5-month low of 34,440, midcap index drops 1,101 points to 28,838

--Overall market cap of BSE companies slips to levels seen in early September

--All sectoral indices in the red; volatility index surges 16%

--47 of 50 Nifty stocks down; BPCL, Tata Steel, Tata Motors, IndusInd Bank top losers

--Cipla, HUL, Dr Reddy’s gain

--Barring few pharma stocks, most F&O stocks take huge cuts

--AU SFB, L&T Tech, Delta Corp, Bandhan, Firstsource top midcap losers

--Zee-Sony non-binding term sheet period ends on Tuesday; stock down 3%

--Reports say axis highest bidder for Citi’s India retail biz; stock 2% off lows

--Market breadth firmly in favour of bears; advance-decline ratio at 1:8

Dec 20, 2021 4:06 PM

Rupee closes higher at 75.91 against US dollar

The rupee ended at 75.91 against the greenback as against Friday’s close of 76.09.

Dec 20, 2021 3:42 PM

Market At Close | BPCL, Tata Motors, Tata Steel, IndusInd, Bajaj Finance, Coal India, IOC, SBI top blue-chip losers

Cipla, Hindustan Unilever and Dr Reddy's were the only gainers in the Nifty50 universe, up between one percent and 3.7 percent.

Here's how the 30-member gauge fared:

Dec 20, 2021 3:41 PM

Closing Bell | Sensex down 1,190 points at 55,822, Nifty50 at 16,614

The 30-scrip index ended 1,189.7 points or 2.1 percent lower at 55,822 and the broader Nifty50 benchmark settled at 16,613.7, down 371.6 points or 2.2 percent from its previous close.

Dec 20, 2021 3:35 PM

Banks recovered Rs 5.49 lakh crore in last 7 years: Nirmala Sitharaman

Banks recovered Rs 5.49 lakh crore through the resolution of bad loans in the last seven years: Finance Minister Nirmala Sitharaman, in the winter session of the Parliament

Dec 20, 2021 3:29 PM

Future Group shares jump up to 20%

Shares of Future Group companies on Monday zoomed up to 20 per cent after the Competition Commission suspended its more than two-year-old approval for Amazon’s deal with Future Coupons and imposed a Rs 202-crore penalty on the e-commerce major.

Dec 20, 2021 3:27 PM

Explained: Why are FIIs selling and what can reverse this trend

Foreign outflows have been hurting investor sentiment on Dalal Street of late. In December so far, foreign institutional investors (FIIs) have sold net shares worth Rs 13,470 crore ($1.8 billion), according to provisional exchange data. That makes December 2021 a third straight month of outflows - the first such instance since late 2016. (Read here for more)

Dec 20, 2021 3:08 PM

Nifty Realty index falls over 5%

While Lodha tanked over 7 percent, DLF slumped over 6 percent, Godrej and Sobha Ltd fell over 5 percent and Phoenix Ltd, Sunteck fell over 4 percent.

Dec 20, 2021 3:01 PM

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