Sensex Today: Stock Market Live Updates: Sensex rebounds 650 points from day’s low; Nifty reclaims 17,000; RBL Bank hits 52-week low; pharma lead sectoral gainer

Capillary Technologies files DRHP for Rs 850 crore IPO

Capillary Technologies (India), an artificial intelligence (AI)-based cloud-native Software-as-a Solution (SaaS) player, has filed its draft red herring prospectus (DRHP) for Rs 850 crore initial public offering (IPO) with Sebi. According to the draft papers, the issue consists of a fresh issue of equity shares aggregating to Rs 200 crore and an offer for sale (OFS) of up to Rs 650 crore by Capillary Technologies International Pte Ltd. Capillary Technologies is backed by Warburg Pincus, Sequoia Capital, Avataar Capital, Qualcomm Asia Pacific and Filter Capital and none of them is diluting their stake in the company via the proposed initial stake sale.

Should you buy HP Adhesives after a strong listing pop?

Analysts have mixed views on the counter, but a majority of them have suggested investors avoid the fresh buying in the counter, thanks to the tepid market sentiments. Investors should book profits considering the aggressive pricing and small size of the issue, said Vikas Jain, Senior Research Analysts, Reliance Securities.

HFCL receives approval as ‘trusted source’ from NSCS for all telcos & infra

Price as on 27 Dec, 2021 11:28 AM, Click on company names for their live prices.

Top 10 losers in late morning trade

Price as on 27 Dec, 2021 11:21 AM, Click on company names for their live prices.

FPI flow trends for CY21

Source: ICICI Sec

India’s Adani Group is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels.

Price as on 27 Dec, 2021 11:01 AM, Click on company names for their live prices.

Shankar Sharma’s stock picking mantra

Nifty Pharma biggest sectoral gainer at this hour

>> Top performing stocks from the pack

Sensex wipes off losses, trades in the green

– Top gainers & losers in the index

From an equity investor perspective, it is a huge period of uncertainty. It is true if one tries to bottom fish, one might get lucky and make a lot of money but then if one wants to gamble, then there are other opportunities available. One should not be doing it in this stock.

– Sandip Sabharwal on RBL Bank

INDUSIND BANK: Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partner

Price as on 27 Dec, 2021 10:37 AM, Click on company names for their live prices.

Rupee Alert

Sensex off day’s low, down only 80 points

LISTING ALERT: HP Adhesives likely to list at 16% premium

RBL Bank hits 15% lower circuit, trades at level last seen on April 3, 2020

As 2021 draws to a close with Nifty gains of 22% for the year, on top of the 15% gain for 2020, there is a near consensus that investors need tp expect only moderate returns in 2022. In the backdrop of the spectacular 40% 2-year return, low double digit return in 2022 would be decent. However, as always, there would be market- beating segments and stocks. The challenge would be to foresee those and invest. A segment to watch would be banking which under performed in 2021 with poor 12% returns with leading high quality private sector banks performing even worse. It is important to appreciate the fact that leading private sector banks under performed not because of any issues in the segment, but because FIIs were continuously selling these stocks in which they had large holdings and good profits. If India’s GDP grows by above 7% in FY2023, as expected, large private sector banks will do well and may outperform the market in CY2022. IT, construction and home improvement sectors have good earnings visibility, but are richly valued. Market corrections will be opportunities to buy into these segments.

– Dr. VK Vijayakumar, Cheif Investment Strategist at Geojit Financial Services

Most active stocks on NSE

Price as on 27 Dec, 2021 09:23 AM, Click on company names for their live prices.

Top Sensex drags in opening trade

STOCK REACTION: RBL Bank tanks 10% as the private lender’s Vishawvir Ahuja has stepped down as MD & CEO of the bank, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive Officer of the bank with immediate effect.

Price as on 27 Dec, 2021 09:21 AM, Click on company names for their live prices.

Pharma only sectoral gainer on NSE

OPENING BELL: Sensex tanks 450 points, Nifty slips below 16,900; RBL Bank plunges 10%

Pre-open session: Sensex drops 160 points, Nifty50 below 16,950

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 31 points, or 0.18 per cent, lower at 16,967, signaling that Dalal Street was headed for a negative start on Monday.

Tech View: Nifty hurdles intact, consolidation likely

Nifty50 on Friday formed a bearish candle on the daily chart, a day after forming an indecisive Doji, suggesting a negative bias in the market. On the weekly chart, the index formed a bullish candle. The candle on the weekly scale has a long lower shadow, indicating buying was seen at declines but hurdles are intact at higher levels. Analysts believe Nifty50 may stay in a consolidation phase going ahead.

US crude falls after Covid-19 flight cancellations

Oil prices were mixed on Monday, with Brent edging up while US crude futures slipped after airlines called off thousands of flights in the United States over Christmas holidays amid surging COVID-19 infections. U.S. West Texas Intermediate crude futures fell 41 cents, or 0.6%, to $73.38 a barrel by 0053 GMT. The contract did not trade on Friday because U.S. markets were closed for the Christmas holiday. Brent crude rose 40 cents, or 0.5%, to $76.54 a barrel after settling down 0.92% on Friday.

Asian shares mixed in early trade

Asian shares opened slightly lower but later traded mixed in thin holiday trade on Monday as fears lingered over the impact of the Omicron coronavirus variant. MSCI’s index of Asia-Pacific shares outside Japan was up by 0.11 per cent. Japan’s Nikkei dropped 0.24%. South Korea’s Kospi declined 0.10% Australia’s ASX 200 advanced 0.44%. China’s Shanghai Composite Index added 0.03% while Hong Kong’s Hang Seng gained 0.13%.

US stocks closed higher on Thursday

US stocks remained closed on Friday on the back of the Christmas holiday. Wall Street’s main indices posted solid gains on Thursday, with the S&P500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant. Dow Jones added 0.55% at 35,950.56.S&P 500 surged 0.62% to 4,725.79Nasdaq advanced 0.85% to 15,653.37

Rupee jumps to 3-week high of 75.03 against dollar

Continuing its winning streak for the seventh straight session, the rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar as risk appetite improved in view of broader weakness in the greenback. At the interbank forex market, the local unit opened at 75.12 against the greenback and witnessed an intra-day high of 75.00 and a low of 75.20. Over the past seven sessions, the domestic currency has gained 129 paise against the greenback.

Sensex, Nifty on Friday

Equity indices nursed losses on Friday after a three-session rising streak as selling in banking, finance and power stocks offset continued outperformance by the IT pack. Unabated selling by foreign investors and a muted trend overseas also weighed on bourses, traders said. After a choppy session, the 30-share BSE Sensex ended 190.97 points or 0.33 per cent lower at 57,124.31. Similarly, the NSE Nifty declined 68.85 points or 0.40 per cent to 17,003.75.

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