Sensex, Nifty End Lower for Second Day Ahead Of F&O Expiry; RIL, HDFC Twins Top Losers
A trader works on the trading floor. (Photographer: Edouard H.R. Gluck/Bloomberg News)

Sensex, Nifty End Lower for Second Day Ahead Of F&O Expiry; RIL, HDFC Twins Top Losers

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Closing Bell: Sensex, Nifty End Lower For Second Day As RIL, HDFC Twins Drag

Indian equity benchmarks ended lower for the second consecutive trading session ahead of F&O expiry, led by the declines in Reliance Industries Ltd., HDFC Ltd. and HDFC Bank Ltd.

The S&P BSE Sensex fell 0.44 percent to close at 41,461.26 and the NSE Nifty 50 fell 0.39 percent to end at 12,214.55. The broader markets represented by the NSE Nifty 500 Index fell 0.3 percent.

The markets will remain shut on Wednesday on account of Christmas Day.

The market breadth was tilted in favour of sellers. About 964 stocks declined and 813 shares advanced on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty IT Index’s 0.55 percent decline. On the flipside, the NSE Nifty Metal Index was the top sectoral gainer, up 0.62 percent.

Bond Market Update: 10-Year Yield Gains Three Basis Points

The yield on the 10-year note rose as much as three basis points to 6.59 percent.

That comes after BloombergQuint reported that India has mopped up less than a fifth of the divestment target for the ongoing financial year even as the government struggles to contain fiscal deficit.

Fab Four Stocks Of The Day

United Breweries

  • Stock rose as much as 5.9 percent to Rs 1,313.70
  • Heineken may make offer to raise stake in the company, according to CNBC-TV18 report

Lemon Tree Hotels

  • Stock rose as much as 4.8 percent to Rs 64.80
  • Signed license agreement for 55-room hotel in Darjeeling
  • Hotel is in the greenfield stage and is expected to open in September 2022

Sterling Tools

  • Stock rose as much as 20 percent to Rs 215
  • The company entered a JV with China’s Jiangsu Gtake Electric to design, manufacture and supply motor control units in India.

IRCTC

  • Stock rose as much as 4 percent to Rs 899.80
  • Revised tariff of standard meals on static units
  • Signed MoU with Hotel and Restaurant Association of Northern India for listing the association’s member hotels and their room rate inventory for sales on the IRCTC portal

CBI Books Former Maruti Udyog Managing Director, ANI Reports

“The Central Bureau of Investigation has filed FIR against Director of Carnation Auto India and former Managing Director of Maruti Udyog Jagdish Khattar, Jagdish Khattar and the said company (Carnation Auto India) and other unknown private person under criminal breach of trust, cheating and criminal misconduct,” ANI said in a tweet.

India Nippon Electricals Surges After Large Trade

Shares of India Nippon Electricals rose as much as 7.2 percent to Rs 320.35.

About 13 percent equity changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Of the shares traded, 40 percent were at the ask price and 27 percent were at the bid, according to Bloomberg data.

Stocks Moving On Heavy Volumes

Asahi India Glass

  • Stock rose as much as 3.4 percent to Rs 197.
  • Trading volume was almost 30 times its 20-day average.

Radico Khaitan

  • Stock rose as much s 6.7 percent to Rs 318.75.
  • Trading volume was 10 times its 20-day average.

Crisil

  • Stock fell as much as 5.2 percent to Rs 1,885.20.
  • Trading volume was almost eight times its 20-day average.

NIIT Technologies

  • Stock rose as much as 3 percent to Rs 1,626.40.
  • Trading volume was more than seven times its 20-day average.

NESCO

  • Stock rose as much as 3.7 percent to Rs 712.
  • Trading volume was more than six times its 20-day average.
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