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FOREX ALERT: Rupee hits highest level since Dec 9
RIL weightage may go up in Sensex
“Officer’s Choice” whiskey maker planning IPO at $2.5 billion valuation
The maker of “Officer’s Choice” whiskey has initiated talks with advisers and is seeking a valuation of at least $2.5 billion, the people said, asking not to be identified as the information is private. The company is planning to file preliminary documents as soon as the first quarter of 2022, the people said. No final decision has been reached regarding the valuation or timing of the potential IPO, and Allied Blenders could still decide against proceeding with the plan, they said. A representative for the company declined to comment.
SBI acquires minority stake in JSW Cement for Rs 100 cr
Price as on 21 Dec, 2021 12:04 PM, Click on company names for their live prices.
All sectors gain; metal lead gainer
Sensex surges 1,000 points, Nifty tops 16,900; all sectors gain
Globus Spirits said expansion of the company’s unit located at Panagarh, Burdwan, West Bengal is complete as per schedule and the unit is now running at its enhanced capacity of 260 KLper day enhanced from 120 KL per day.
Price as on 21 Dec, 2021 11:50 AM, Click on company names for their live prices.
Omicron Impact!
#ETNOWExclusive | As per sources, airlines have seen 10-12% drop in advance bookings for January and February.… https://t.co/OyO35gbf2k
— ET NOW (@ETNOWlive) 1640066402000
Don’t buy the dip in market: Analysts
Having fallen 10% from the lifetime highs recorded in mid-October, technical analysts see the benchmark indices sinking further, with the Nifty likely to slide to its 200-day moving average level – a technical indicator which is read as a long-term trend indicator as it represents the average price over the last 200 days, that roughly equals the number of trading days in a year. The Nifty is currently 2.5% above its 200-DMA.
Omicron cases in India rise to 200: Health Ministry
Two hundred cases of Omicron variant of coronavirus detected in India so far: Union Health Ministry
— Press Trust of India (@PTI_News) 1640064311000
Sensex extends gains, jumps 950 points
Rupee gains 17 paise against US dollar in early trade
Vedanta climbs 3% as firm acquires Goa-based Nicomet
Price as on 21 Dec, 2021 10:58 AM, Click on company names for their live prices.
IPO UPDATE: CMS Info Systems subscribed 14% so far
Top 10 gainers in morning trade
Price as on 21 Dec, 2021 10:37 AM, Click on company names for their live prices.
SoftBank-backed Snapdeal files for IPO
SoftBank-backed Indian e-commerce platform Snapdeal filed for an initial public offering on Tuesday, joining dozens of firms in the country that have tapped the capital markets this year.Snapdeal’s IPO consists of a fresh issue of shares worth 12.5 billion rupees ($165.09 million) and an offer for sale of 30.8 million shares, according to its draft prospectus dated Dec. 20.
Larsen & Toubro International FZE, a wholly owned subsidiary of Larsen & Toubro, has entered into a Share Purchase Agreement to purchase, stake in Intelliflux Controls INC., a Delaware Corporation; stock up 1%
Price as on 21 Dec, 2021 10:01 AM, Click on company names for their live prices.
Jio adds 17.6 lakh mobile users in Oct; Airtel, VIL lose subscribers: TRAI data
Price as on 21 Dec, 2021 09:54 AM, Click on company names for their live prices.
NEW LISTING: Pre-open rates suggest 53% listing pop
Voda Idea, YES Bank among most active stocks on NSE
Price as on 21 Dec, 2021 09:42 AM, Click on company names for their live prices.
All sectors trade in the green
Top Sensex contributors in opening trade
OPENING BELL: Sensex climbs 450 points, Nifty50 at 16,740; Wipro, Tata Steel rise 2% each
Pre-open session: Sensex jumps 500 points, Nifty above 16,750
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 163 points, or 0.98 per cent, higher at 16,821, signaling that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty’s recovery will be vulnerable to sell-off
The Nifty50 on Monday plunged over 2 per cent and broke its immediate support levels to come near overbought levels. Analysts said major support levels for the index lies near its 200-DMA. Recovery, if at all, would be vulnerable to sell-offs, they said. As long as the index remains below 16,800, any recovery would be sold into, says Chandan Taparia of Motilal Oswal Securities. He felt that further weakness could be seen towards 16,400 and 16,200 levels.
Dollar on back foot as treasury yields soften
The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington, but worries about the Omicron coronavirus variant kept risk currencies in check. The dollar index, which measures the currency against six major peers, was last at 96.513, having lost ground on both the euro and the yen.
Oil edges higher but investor worries on Omicron spread remain
Oil prices edged higher on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand. Brent crude futures increased by 9 cents, or 0.1%, to $71.61 a barrel by 0105 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose by 23 cents, or 0.3%, to $68.84 a barrel.
Hong Kong shares begin day with gains
Hong Kong stocks opened slightly higher Tuesday morning on bargain-buying after two days of hefty losses, though traders remain spooked over the fast-spreading Omicron virus variant. The Hang Seng Index edged up 0.22 percent, or 50.71 points, to 22,795.57. The Shanghai Composite Index slipped 0.06 percent, or 2.15 points, to 3,591.45, while the Shenzhen Composite Index on China’s second exchange also eased 0.06 percent, or 1.40 points, to 2,477.02.
Japan stocks open higher on bargain-hunting
Tokyo stocks opened higher on Tuesday with investors seeking bargains after a sharp fall in the previous session, shrugging off a rout on Wall Street. The benchmark Nikkei 225 index was up 1.45 percent or 404.69 points at 28,342.50 in early trade, while the broader Topix index was up 1.25 percent or 24.20 points at 1,965.53.
Rupee firms up 16 paise to 75.90 against dollar on easing crude prices
rupee notched up gains for a third straight session on Monday, rising further by 16 paise to settle at 75.90 (provisional) against the US dollar as easing crude oil prices revived an otherwise lacklustre sentiment. Massive sell-offs in domestic equities, sustained foreign fund outflows and concerns around Omicron variant of coronavirus were a host of factors restricting rupee gains, forex traders said.
Wall Street ends lower on Omicron, Biden spending plan setbacks
US stocks ended trading on Monday down by more than 1%, pressured lower by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion US domestic spending bill, with oil prices plunging. The Dow Jones Industrial Average closed 1.23% lower at 34,932.16, while the S&P 500 ended the day down 1.14% at 4,568.02. The Nasdaq Composite dropped 1.24% to 14,980.94.
Sensex, Nifty on Monday
Investors have lost a hefty Rs 11,45,267.43 crore in two days as the domestic equity market continued to face severe drubbing amid a global selloff. The BSE benchmark Sensex plunged 1,189.73 points or 2.09 per cent to close at 55,822.01 on Monday. During the day, it tanked 1,879.06 points to 55,132.68. The benchmark had tumbled 889.40 points or 1.54 per cent to close at 57,011.74 on Friday.
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Read More: Sensex Today: Stock Market Live Updates: Sensex, Nifty edge higher; all sectors trade in