SGX Nifty Down 61 Points | Rupee Rises as Dollar Weakens | Triveni Turbine's Buyback | Top Buzzing Stocks Today

Thu, 15 Dec Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Wednesday, Indian share markets ended marginally higher after paring some gains towards the end.

Indian indices ended in green for the second straight session as cooler-than-expected inflation in the US and India fueled risk appetite of investors.

US markets rallied as retail inflation sharply eased to 7.1%. Back home, India's wholesale inflation hit a 21-month low of 5.8%.

At the closing bell on Wednesday, the BSE Sensex stood higher by 145 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 52 points (up 0.3%).

Hindalco, ONGC, and Tech Mahindra were among the top gainers.

Nestle, ICICI Bank, and Bharti Airtel on the other hand, were among the top losers.

Broader markets settled on a positive note. The BSE MidCap inched 0.6% higher while the BSE SmallCap index ended 0.7% higher.

If you're looking to midcap stocks that offer growth in the long run, check out the 5 midcap stocks for long term.

Sectoral indices ended on a mixed note yesterday with stocks in the metal sector, IT sector and realty sector witnessing heavy buying.

While stocks in the energy sector, and FMCG sector witnessed selling.

Shares of SBI, L&T, and Bharat Forge hit their 52-week high.

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

The rupee was trading at 82.5 against the US$.

Gold prices for the latest contract on MCX were trading lower by 0.2% at Rs 54,743 per 10 grams at the time of Indian market closing hours on Wednesday.

At 7:30 AM today, the SGX Nifty was trading down by 61 points or 0.3% lower at 18,690 levels.

Indian share markets are headed for a negative opening today following the trend on SGX Nifty.

Speaking of stock markets, Rahul Shah talks about 20 stocks to watch out for high dividends in 2023.

In the video, he talks about a market-beating strategy for stock picking without using mathematics.

Tune in to know what exactly this strategy is and how it works.

Top Buzzing Stocks Today

Triveni Turbine share price will be in focus today.

On Wednesday the company fixed the record date for proposed share buyback via tender offer.

The company has fixed Friday, 23 December 2022, as the record date for the purpose of determining the entitlement and the names of the holders of the equity shares who shall be eligible to participate in the buyback.

Market participants will also track the share price of Alstone Textiles

Textile fabrics manufacturer, Alstone Textiles (India) shares on Wednesday turned ex-bonus and ex-stock split ahead of the record date. Alstone is a small-cap stock and is only listed on BSE.

Narmada Gelatines will also be in focus.

Shares of the company turned ex-dividend for special interim dividend of Rs 100 per share.

On 7 December, the board of directors of the company declared a special interim dividend. The company has fixed Monday, 19 December, as record date to ascertain members who will be entitled for special interim dividend.

Rupee Takes a Big Leap

Indian government bond yields edged lower yesterday while rupee jumped sharply against the US dollar after a cooler-than-expected rise in US consumer prices buoyed bets for a slowdown in rate hikes by the Federal Reserve.

The benchmark 10-year yield fell to 7.224%, after ending lower at 7.2658% on Tuesday. The rupee jumped to 82.4 against the US dollar as compared to 82.8 in the previous session.

This was the best gain for rupee in a month, possibly helped by dollar inflows.

US consumer prices barely rose in November just 0.1%, after advancing 0.4% in October. Economists had expected the reading at 0.3%. Traders will closely watch Fed's policy announcement today and chairperson Jerome Powell's comments.

The Fed is widely expected to scale back its rate hike to 50 basis points (bps) later in the day. Since March, it has raised the rate by 375 bps, including four back-to-back hikes of 75 bps each.

The dollar index was down at 103.3 yesterday. So far this year, the rupee is down about 11% against the US dollar.

The US data comes after India's retail inflation reading showed a moderation, rising 5.9% in November against a 6.8% increase in October.

Similar to retail inflation, wholesale inflation data for India released today showed the reading fell to a 21-month low of 5.9%, down from 8.4% in October.

Bitcoin on the Rise

The largest cryptocurrency Bitcoin was in a super rally yesterday. It touched its highest level in a month thanks to significant cooling in US inflation data.

Broadly, crypto markets are on a bull run with the focus now shifting toward the FOMC policy meeting. Bitcoin which holds dominance in the crypto market moved closer to the US$ 18,000 mark with weekly performance further improving.

Also, with a rosier than expected inflation print, Bitcoin snapped its seven days of losing streak. Other counterparts such as Ether, Binance, XRP, and Dogecoin have also witnessed an upside.

Bitcoin has touched its highest point in a month ahead of the crucial Fed meeting.

Central banks in the US, Japan, EU, and UK will release their inflation numbers which will have a significant impact on the price movement of digital assets in the mid to short term. Bitcoin dominance crossed the 41% mark which indicates de-risking by a large number of investors

Why Fusion Micro Finance Share Price is Rising

Yesterday, shares of Fusion Micro Finance (Fusion) surged 6% to hit a record high of Rs 415 on the BSE.

This on the back of stable outlook projected by market experts.

Fusion provides financial services to unserved and underserved women in rural and semi-rural areas across India. As of 30 September 2022, its total asset under maintenance (AUM) stood at Rs 8,047 crore (about Rs 80.5 billion), up 54.5% year-on-year (YoY) from Rs 52.1 bn in the corresponding year ago period.

The company posted the highest ever profit after tax of Rs 950.5 m in Q2 financial year 2022-23 against Rs 32.1 m in a year ago period.

As of Q2 for financial year 2022-23, its gross NPA ratio was at 3.8%, against 3.7% in previous quarter and 4.5% in the year ago period.

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