Sensex Today Ends 108 Points Higher | Metal Stocks Fall | Hindustan Aeronautics, Nifty Hit New High

Wed, 16 Nov Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening on a negative note, Indian share markets reversed course as the session progressed to end with marginal gains.

Benchmark indices opened lower today following muted global cues amid blasts in Poland that local authorities said were caused by Russian-made missiles.

Markets were volatile, moving between gains and losses tracking global geopolitical uncertainty.

Benchmark index Nifty hit a new 52-week high today while the Bank Nifty index followed.

At the closing bell, the BSE Sensex stood higher by 108 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 6 points (up 0.1%).

Kotak Mahindra Bank, HUL, and TCS were among the top gainers today.

Tata Steel, Bajaj twins, and NTPC, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,453, down by 42 points, at the time of writing.

Broader markets erased early gains and settled lower. The BSE MidCap fell 0.7% while the BSE SmallCap index ended 0.3% lower.

Sectoral indices ended on a mixed note with stocks in the banking sector and capital goods sector witnessing most of the buying.

Metal stocks and power stocks on the other hand, came under pressure.

Shares of Hindustan Aeronautics and HUDCO hit their 52-week highs today.

Hindustan Aeronautics shares surged 7% after the company received a letter of intent (LoI) for nine more advanced light helicopters (ALH) Mk-III from the Indian Coast Guard (ICG).

Kotak Bank and Tata Steel were amongst the most active shares on the BSE today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian shares ended on a negative note. The Hang Seng fell 0.5% while the Shanghai Composite ended 0.4% lower. The Nikkei ended on a flat note.

The rupee is trading at 81.30 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.8% at Rs 53,168 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 1.8% at Rs 62,714 per kg.

In crypto markets, the top tokens somewhat recovered following the collapse of FTX exchange. The Bitcoin traded near US$17,000 mark while Ethereum traded near US$1,200 levels.

Speaking of stock markets, Rahul Shah talks about 3 low-risk penny stocks for 2023, in his latest video.

Check out the below video to know more about Rahul's approach to investing in penny stocks.

Tata Group to Open 'Beauty Tech' Outlets

In news from the retail space, the Tata Group is planning to open at least 20 beauty tech stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products.

This is a different move from the Tatas who have till now focused on cars, jewellery, etc. The group is eyeing share in fast-growing US$16 billion beauty and personal care market in India.

The group is in talks with more than two dozen companies to supply exclusive products to the new stores.

If Tata does enter the fray, it will face strong competition from Sephora, Reliance and Nykaa.

How this pans out remains to be seen. Meanwhile, check out some other new sectors which Tata group is tapping.

Stocks FIIs Bought Recently

Even as the shareholding of foreign institutional investors in Indian stocks went down to 10-year low of 19%, FIIs have reportedly spent over Rs 1 lakh crore (Rs 1 trillion) in buying just 10 stocks including Zomato and ITC in the September quarter.

Data shows that out of the 764 stocks that FIIs bought last quarter, Tata Steel topped the list with net buy estimated at Rs 249 bn.

The second in line was defence stock Bharat Electronics, where FIIs bought 878.9 million (m) shares worth over Rs 220 bn.

FIIs also hiked their stake in new-age tech stock Zomato.

Apart from these, FIIs also bought these five stocks in the quarter gone by.

Check out Equitymaster's Indian Stock Screener to keep track of the stocks which foreign investors are buying and selling.

Nykaa Shares Under Pressure

After taking a respite for few sessions, Nykaa share price is falling once again. The stock plunged around 10% in intraday trade yesterday and was down over 4% today.

The recent fall in shares is on the back of heavy volumes after nearly 2,374 million bonus equity shares got listed with effect from today.

New securities were listed and permitted to trade on the exchange with effect from Wednesday, 16 November 2022, BSE said in a notice.

The company allotted 2,37,35,63,075 bonus equity shares of Rs 1 each on 12 November 2022.

Despite having a strong niche and big-ticket products, there are dark clouds hovering over Nykaa's growth.

However, the company is well-positioned to capture the opportunity generated by future growth opportunities.

In the long run, the company stands to be a big beneficiary given its established market position, and a wide product portfolio.

Since we're on the subject of Nykaa, check out the below video where chartist Brijesh discusses what the technical analysis says for stocks like Nykaa, Zomato and Paytm.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers