Nifty, Sensex Dip in the Last Hour– Wednesday Closing Report
Moneylife Digital Team 23 November 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex continue to trade in a range. On Wednesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 1,864 stocks advanced, 1,632 declined, and 131 remained unchanged with advance decline ratio of 1.14 indicating positive closing of most of the stock.
 
The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
On NSE, 60 securities advanced and closed at new 52 week high whereas 59 securities sank to close at their new 52-week lows. In sectorial indices, Nifty Metal and Nifty IT were the biggest losers whereas Nifty Media and Nifty PSU Bank were the biggest gainers. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small Cap gaining 0.2% and 0.54% respectively.
 
Rupee ended at 81.85/$ as compared to Tuesday’s close of 81.67/$. 
 
Insider Buying and Selling, Shree Ram Proteins promoters sold net 34,050 shares through open market. Berger Paints promoters bought net 20,500 shares through open market. Indo Amines promoters sold net 21,000 shares through open market. KEI Industries promoters sold net 200,000 shares through open market. Orient Bell promoters bought net 1,464 shares through open market. KPIT Technologies promoters sold net 5,000 shares through open market. Dhanlaxmi Bank Immediate relative sold net 525,482 shares through open market. Axita Cotton promoters sold net 306,283 shares through open market. Vaxtex Cotfab promoters sold net 721,167 shares through open market. Lincoln Pharmaceuticals promoters bought net 62,500 shares through open market.
 
Mirza International promoter had bought 1.45 lakh share via open market on 22 Nov.
 
Indigo closed almost 4% higher after release of October aviation data. NBCC gained more than 11% on the back of huge volumes. Adani Enterprises shed more than 3% as the company’s plans of fund raising.
 
Nykaa closed 2% down after its CFO resigned.
 
In large trades, JSPL’s 0.17% equity changed hands at Rs524.6 per share. Trent’s 0.2% equity changed hands at Rs1,418 per share
 
Zydus has received US FDA nod for Famotidine injection. KPIT Tech has won order from Renault Group for software defined vehicle programme. TCS has extended partnership with Standard Chartered Singapore Marathon.
 
Tata Teleservices will provide WhatsApp business platform via Smartflo Cloud Communications Suite.
 
Hind Motors ended in 10% upper circuit after signing MoU (memorandum of understanding) to enhance production of eco-friendly electric vehicles.
 
Inox Green Energy listed at a discount of 7.7% at Rs60 per share as compared to its issue price of Rs65 per share.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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