Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the broader index in India, with a loss of 106 points
image for illustrative purpose
The BSE Sensex rallied 619.92 points, or 1.09 percent, to 57,684.79, while the Nifty50 climbed 183.70 points, or 1.08 percent, to 17,166.90 and formed a bullish candle on the daily charts.
According to pivot charts, the key support levels for the Nifty are placed at 17,083.03, followed by 16,999.16. If the index moves up, the key resistance levels to watch out for are 17,231.93 and 17,296.96.
US Markets
Wall Street's major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirmation while the market also digested US Fed's comments on inflation.
The Dow Jones Industrial Average fell 461.68 points, or 1.34%, to 34,022.04, the S&P 500 lost 53.96 points, or 1.18%, to 4,513.04 and the Nasdaq Composite dropped 283.64 points, or 1.83%, to 15,254.05.
Asian Markets
Stocks in Asia-Pacific struggled for direction in Thursday trade as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment.
Nikkei 225 in Japan declined 0.6% while the Topix index shed 0.54%. South Korea's Kospi rose 0.59%.
Live Updates
- 2 Dec 2021 4:19 PM IST
Anand Rathi Wealth IPO fully subscribed on Day 1
By 3:57 pm, the IPO received bids for 1.1 crore shares as against the 84.8 lakh shares on offer, a subscription of 1.3 times.
- 2 Dec 2021 3:34 PM IST
Dollar gains amid reports of Omicron spread, oil prices soften
The US dollar gained amid reports of Omicron coronavirus variant spread and fall in oil prices. Commodity currencies also fell as the US currency moves up. The dollar index was up 01 percent on Wednesday against major currencies in the afternoon in New York after having fallen 0.3 percent in the morning. The greenback gained against the currencies of Canada, Australia and New Zealand and against the euro and British pound.
- 2 Dec 2021 3:33 PM IST
Oyo Rooms appoints former SBI Chairman Rajnish Kumar as Strategic Group Advisor
- 2 Dec 2021 3:33 PM IST
Vodafone Idea shares surge ahead of Supreme Court hearing on OTSC case
Vodafone Idea shares were trading higher as the focus shifted to the stock ahead of the One-time Spectrum Charge (OTSC) case hearing in the Supreme Court today. The stock gained over 6 percent to Rs 13.4 per share. The OTSC issue has been affecting the telecom sector since 2008 when the government decided to levy the amount retrospectively, leading to a demand of Rs 40,000 by the Department of Telecommunication.
- 2 Dec 2021 12:31 PM IST
Anand Rathi Wealth IPO subscribed 52% so far on Day 1
By 11:33 am, the Anand Rathi Wealth IPO received bids for 44.1 lakh shares as against the 84.75 lakh shares on offer, a subscription of 52 percent. The subscription window for the Anand Rathi IPO will close on Monday, December 6.
- 2 Dec 2021 12:30 PM IST
Tega Industries IPO subscribed more than 6 times on Day 2
By 11:03 am, the Tega IPO received bids for a total of six crore shares as against the 95.7 lakh shares on offer, a subscription 6.3 times.
- 2 Dec 2021 12:30 PM IST
Star Health IPO subscribed 22% so far on Day 3
By 10:48 am, the Star Health IPO received bids for 99.6 lakh shares as against the 4.5 crore shares on offer.
At the end of the second day of bidding, Star Health and Allied Insurance Company's IPO received bids for 89.7 lakh shares as against the total 4.5 crore shares on offer, a subscription of 20 percent. The category for retail investors was subscribed 89 percent and that for qualified institutional buyers (QIBs) seven percent. The portion reserved for non-institutional investors portion was booked two percent.
Out of the Star Health issue, a portion of 75 percent is reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors and 10 percent for retail investors. The public offer includes a reservation of shares worth Rs 100 crore for employees.
- 2 Dec 2021 12:28 PM IST
Maruti Suzuki announces further price hikes
The cost of company's vehicles continue to be adversely impacted due to increase in various input costs. Therefore, it has become imperative for the Company to pass on some impact of the above additional costs to customers through a price hike. The price rise has been planned in January, 2022. The increase shall vary for different models.
- 2 Dec 2021 12:27 PM IST
IPO SUBSCRIPTION UPDATES
Star Health: 22% (Issue closes today)
Tega Industries: 5.92 times
Anand Rathi Wealth: 28%
Source: BSE
- 2 Dec 2021 9:29 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 2,765.84 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 3,467.02 crore in the Indian equity market on December 1, as per provisional data available on the NSE.
