Stock Market HIGHLIGHTS: IT, realty stocks trigger Friday fall; Sensex down 390 points, Nifty over 1 – Zee Business

Stock Markets Today Live: Indian frontline indices S&P BSE Sensex and NSE Nifty50 extended their losses on Friday as the session progressed after begging on a positive note. While Sensex tumbled nearly 389.01 points or 0.62 per cent and closed at 62,181.67, Nifty50 settled down 112 points or 0.61 per cent at 18,496.60. Bank Nifty finished at 43,633.45, up 36.60 points or 0.08 per cent.
Here are top takeaways from the day’s action:
1) With an exception of Thursday, frontline indices ended flat or negative over the five trading sessions.
2)  IT stocks were catalyst in today’s fall with HCL Technologies and Infosys becoming major culprits. The other losers were Tech Mahindra, Wipro and TCS.
3) In the 50-stock Nifty50 index, 17 stocks advanced while 33 declined. The top gainers around this time were Nestle India, Sun Pharmaceuticals, ITC, Dr Reddy’s and Titan while the top losers were HCL Technologies, InfosysTech Mahindra, Wipro and TCS.
4) Out of the 15 Nifty sectoral indices, 11 ended in the red with top Nifty IT, Nifty Realty, Nifty Metal, among the worst performers. The gainers were Nifty FMCG, Nifty Pharma and Nifty Healthcare Index.
5) Stock specific action was seen i broader markets with Yes Bank, Tube Investments of India and Delhivery among the top gainers in mid cap space. Indian Bank, Bank of India and Union Bank were biggest losers on Nifty Mid Cap 100 Index. In Nifty Small Cap 100 index, 80 stocks fell while 20 gained. The top gainers were Birla Corp, VIP India and KEI Industries while BCG and IDBI were worst performers.
6) Out of 3,640 stocks that were listed on the BSE, advances were 1,207 while declines were 2,309 while 124 stocks remained unchanged. 133 stocks hit their 52-week highs while 33 hit their 52-week lows.
7) Rupee rises 10 paise to close at 82.28 (provisional) against US dollar.
8) February Gold futures were trading at Rs 54164 per 10 gram on MCX and were up by Rs 113 and 0.21 per cent while March Silver futures were trading at Rs 67155, down Rs 121 or 0.21 per cent.
9) Dalal Street will be closely watching the developments in US when markets reopen on Monday as Federal Reserve will announce its monetary policy rates on 14 December. 
Catch all the updates from the stock markets here. For all other top news related to business, politics, technology, auto and others visit Zeebiz.com.
While Nifty IT was the major reason for bearish trends in the markets, realty metal and energy stocks also played their part. Nifty PSU Bank Nifty Realty, Nifty Metal and Nifty Oil & Gas indices were down 2.82 per cent, 2.28 per cent, 1.22 per cent and 1.02 per cent.

Hindustan Unilever Limited’s (HUL:NSE) foray into health and wellness segment augurs well for this fast moving consumer goods company. Multiple brokerages have recommended this stock with Nomura remaining most bullish on this counter. It has recommended a buy on HUL for a price target of Rs 3175, estimating Rs 470 per share gains.
Jefferies and City are almost equally bullish on this counter. Both have recommended a buy on HUL for a price target of Rs 3050, estimating Rs 350 per share upside.
The stock was recommended at a price of Rs 2705.
On Thursday, HUL reported to exchanges about its plan to acquire stake in two health & wellbeing companies – Zywie Ventures Private Limited (OZiva) Nutritionalab Private Limited (Wellbeing Nutrition).
Read More: Nomura sees Rs 470 per share gains after HUL announces foray into health & wellness business
 
Source: NSE
 
 
Source: NSE
 
After opening flat on Friday, Sensex has fallen over 450 points. 
Stock Market Today LIVE: Nomura sees Rs 470 per share gains 
 
Hindustan Unilever Limited’s (HUL:NSE) foray into health and wellness segment augurs well for this fast moving consumer goods company. Multiple brokerages have recommended this stock with Nomura remaining most bullish on this counter. It has recommended a buy on HUL for a price target of Rs 3175, estimating Rs 470 per share gains. READ MORE
Stock Market Today LIVE: Nifty IT down by 2.71%
 

 
Bhasin, while speaking to Managing Editor of Zee Business Anil Singhvi said that IndusInd Bank, ABB India, and Aditya Birla Capital which have outperformed, were previously recommended by him. READ MORE
 
 
IT shares like HCL, Wipro TCS are among the top losers at BSE.

 
 
Stock Market Today Live: HCL share prices dip over 6%
 
Share prices of HCL Technologies Ltd have fallen 6.56 per cent or Rs 72.30 on Friday. The scrip was trading at Rs 1,029.05 at around 11:15 am. The counter had closed at 1,101.35 in the last trading session.
 
Shares of One97 Communications parent company of Paytm traded over 4 per cent on the upside as the company announced a board meeting to decide on buyback of shares. READ MORE
 
#Paytm के निवेशक जरूर देखें #AnilSinghvi का ये वीडियो
Paytm क्यों बायबैक लाने की तैयारी में?
Paytm के #Buyback लाने की क्या है असली वजह?
क्या Paytm में बन गया है Bottom?
बायबैक की खबर के दमपर कितना बढ़ेगा Paytm शेयर?
न्यू एज कंपनियों में अब क्या करें?#PaytmBuyback pic.twitter.com/9M3Imbl8Zv
— Zee Business (@ZeeBusiness) December 9, 2022
 
Anand Rathi – Founder & Chairman Anand Rathi Group – said that from the medium term, that is, beyond the next 12 months, the outlook for Indian equity market looks positive. At the bellwether index level, we expect 11 to 13 per cent annualized return over the next three years. 
Shares of Yes Bank surged around 13.52 to trade at 20.15 in early trade. The scrip had closed at Rs 17.75 in the last trading session.

Latest Trending Updates
Trending Topics
Follow us on
Partner Sites
By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link
zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.  This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”). This cookie policy should be read together with our Privacy Policy.
By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy.
A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree.  The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about cookies also applies to these other tracking technologies.
Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively “devices”) that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. Such cookies and other technologies helps us to identify you and your interests, to remember your preferences and to track use of zeenews.india.com We also use cookies and other tracking technologies to control access to certain content on our sites, protect the sites, and to process any requests that you make to us.
We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites.
These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com)
Some features used on this website may involve a cookie being sent to your computer by a third party. For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them.
Persistent Cookies
We use persistent cookies to improve your experience of using the sites. This includes recording your acceptance of our cookie policy to remove the cookie message which first appears when you visit our site.
Session Cookies 
Session cookies are temporary and deleted from your machine when your web browser closes. We use session cookies to help us track internet usage as described above.
You may refuse to accept browser Cookies by activating the appropriate setting on your browser. However, if you select this setting you may be unable to access certain parts of the sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will check if cookies can be captured when you direct your browser to our sites.
The data collected by the sites and/or through Cookies that may be placed on your computer will not be kept for longer than is necessary to fulfil the purposes mentioned above. In any event, such information will be kept in our database until we get explicit consent from you to remove all the stored cookies.
These cookie are essential to our site in order to enable you to move around it and to use its features. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. They also include Cookies that enable us to remember your previous actions within the same browsing session and secure our sites.
These cookies are used by us or by our third-party service providers to analyse how the sites are used and how they are performing. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you.
These cookies let us operate the sites in accordance with the choices you make. These cookies permit us to “remember you” in-between visits. For instance, we will recognize your user name and remember how you customized the sites and services, for example by adjusting text size, fonts, languages and other parts of web pages that are alterable, and provide you with the same customizations during future visits.
These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. We may also allow our third-party service providers to use cookies on the sites for the same purposes identified above, including collecting information about your online activities over time and across different websites. The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites.
If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. For further information about how to do so, please refer to your browser ‘help’ / ‘tool’ or ‘edit’ section for cookie settings w.r.t your browser that may be Google Chrome, Safari, Mozilla Firefox etc.
Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites.
If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above.
For more information on the development of user-profiles and the use of targeting/advertising Cookies, please see www.youronlinechoices.eu if you are located in Europe or www.aboutads.info/choices if in the United States.
If you have any other questions about our Cookie Policy, please contact us at:
If you require any information or clarification regarding the use of your personal information or this privacy policy or grievances with respect to use of your personal information, please email us at response@zeemedia.esselgroup.com.

source