Sensex,Nifty today Share Price | Market updates

December 23, 2019December 23, 2019 admin

Sensex & Nifty today Share Price and news for the day

Sensex and Nifty today share price: It was a negative start for the Indian market today morning. After the last week’s rally profit-booking across the financial counters and stock-specific actions are seen today in the market. Despite the sharp correction in the last hour, the market later recovered and managed to close in flat

Nifty today share price movement

At close, Nifty today share price was down 9 points and at 12262.80 while Sensex declined 38.88 points and closed at 41642.66. The Bank Nifty was also fell 45.50 points and closed at 32339.50.

The Nifty midcap 100 index was down 29 points or 0.17% and closed at 16877.45 whereas the Nifty smallcap 100 index declined by 13.60 points or 0.24% and closed at 5679.45

The top five Nifty today share price gainers for the day are Zee Ent, Vedanta, Dr. Reddy’s Lab, Maruti Suzuki, and Hero Motor Corp. The losers in the Nifty50 are Yes Bank, Nestle, Coal India, Reliance and SBI.

The gainers in the Nifty midcap space are Reliance Infra, Reliance Capital and the losers are Dewan Housing, EngineersInd. The top gainers in the Nifty smallcap space are Guj Mineral, Jet Airways and the losers for the day are Lux Industries, Laurus Labs.

Among the sectors, top gainers today are Media, Footwear, Insurance, Automobiles, and Chemicals. The losers of the day are Oil& Gas, Paper, Electricals, Power, Manufacturing, and Banks.

The FIIs are the net buyers in December. FIIs bought Rs1463.28 crores and DIIs sold Rs 1947.37 crores in the cash segment today.

Nifty stock in the news today and share price

PSP project has emerged as the lowest bidder for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City Gandhinagar, Gujarat with a bid value of Rs 307.53 crore. The share price of PSP Projects gained 0.68% and closed at Rs 508.60 per share

KEC International share price has gained a new order of Rs 1520 crores across its various businesses. The share price of KEC Internation has gained 1.71% and closed at Rs 304.20 per share.

Reliance Infrastructure has won a major arbitration award of Rs 1250 crore against Damodar Vally Corporation (DVC) a government of India Undertaking. The share price of Reliance Infrastructure has gained 4.97% and closed at Rs 24.30 per share.

Mcleod Russel has touched 52 week low of Rs 4.25, falling 3.37 % intraday after the company restricted for selling, transferring, or creating third party rights on any of its assets. The share price of Mcleod Russel closed at Rs 4.30 per share today.

Ajanta Enterprises, 50% JV of Vascon Engineers has successfully concluded the sale of land parcel measuring approximately 8 acres for a total gross consideration of Rs 170 crores to an SPV of Mapletree Investments situated at Kharadi Pune. The share price of Vascon Engineering has gained 1.09% in NSE and closed at Rs 13.90 per share

Goldman Sachs maintained a bullish stance on M&M with a target price of Rs 672 after the management reshuffle. The share price of M&M fell 0.89% despite the news and closed at Rs 525.90 per share.

ICRA has confirmed ICRA AA+ watch with developing implications rating assigned to Can Fin Home for NCD aggregating to Rs 7100 crore stands. The share price of Can Fin Homes gained 1.48% and closed at Rs 398.05 per share.

IT & Software Stocks in News

HAECO had extended its partnership with Ramco the software and service provider to bring the global software specialist’s advance Aviation solutions to four business units in Hong Kong, Xiamen, and Jinjiang. The share price of Ramco System has gained 3.31% and closed at Rs 146.85 per share

L&T Technology won a big project from one of the top plastic, chemical, and refining manufacturers. This is a multi-million dollar project to deliver the entire spectrum of engineering, procurement and construction management (EPCM) services for the expansion of the existing sites in Europe. The share price of L&T Technology closed flat at Rs 1469.20 per share.

Citi has kept a neutral stance on Mindtree and raise the target from Rs 765 to Rs 800 per share. As per Citi, Mindtree has scope to increase revenue growth and margin for FY20. The share price of Mindtree fell 0.74% despite the positive news and closed at Rs 777.65 per share.

Power Stocks in News

The board of Power Grid has accorded investment approval of about Rs 180 crore with respect to schemes to control fault level at Kanpur and Bhiwani substations. The share price of Power Grid fell 0.16% and closed at Rs 185.80 per share.

The NHPC board has proposed to raise debt through the issuance of corporate bonds in one or more series on private placement/Term loan/ECB whichever is suitable. The share price of NHPC fell 1.86% despite the news and closed at Rs 23.80 per share.

Tata Power has got the letter of intent for the distribution and retail supply of electricity in Odisha. The share price of Tata Power gained 0.54% and closed at Rs55.75 per share.

Crude and Rupee updates:

The crude oil is trading at three months higher on hopes of the US and China trade deal. The current price (6.30 pm IST) of Brent crude oil future is $66.22 per barrel almost 0.12% up from the previous close. The Indian rupee closed at Rs 71.28 against the US dollar.

Conclusion:

As discussed in our last report Sensex and Nifty today share price was trading sideways. In the last hour, we have seen some profit booking and later market closed flat. Tomorrow also market will remain sideways volatile. Volatility in a tight range can be seen tomorrow due to monthly derivatives expiry on Thursday and Wednesday being a holiday for Christmas.