Market LIVE Updates of December 3, 2021

December 3rd 2021 @ 3:38 PM
Market closed :The Sensex was down 764.83 points and the Nifty was down 205 points
At Close, the Sensex was down 764.83 points or 1.31% at 57,696.46, and the Nifty was down 205 points or 1.18% at 17,196.70. About 1722 shares have advanced, 1453 shares declined, and 137 shares are unchanged. POWERGRID, RELIANCE, TECHM, ASIANPAINT and KOTAKBANK were the major  losers. UPL, BPCL, ONGC, IOC and L&T were the major Gainers. Except capital goods, all other sectoral indices ended in the red. BSE midcap and smallcap indices ended on flat note.

December 3rd 2021 @ 3:28 PM
Maruti Suzuki's share price was down over a percent in the afternoon
Maruti Suzuki's share price was down over a percent in the afternoon trade on December 3 after CLSA downgraded the stock to “sell” from “underperform” and cut the target to RS 6,420 from RS 6,550 a share. The brokerage firm said that if the company loses share in the SUV segment, it may lose 600 Bps market share in the passenger vehicle segment over FY20-22.

December 3rd 2021 @ 3:22 PM
BSE FMCG index fell 1 percent led by the GRM Overseas, Parag Milk Foods, Varun Beverages
BSE FMCG index fell 1 percent led by the GRM Overseas, Parag Milk Foods, Varun Beverages

December 3rd 2021 @ 3:20 PM
Punjab Alkalies board approves sub-division of equity share
The board of directors of Punjab Alkalies and Chemicals in its meeting held on 02.12.2021 considered and approved the sub-division of each equity share of face value of RS 10 each into 5 equity shares of face value of RS 2 each subject to the approval of shareholders. It has touched a 52-week high of RS 229.95 and was quoting at RS 217, down RS 1.95, or 0.89 percent.

December 3rd 2021 @ 3:17 PM
Nifty Bank index shed 1 percent led by the Kotak Mahindra Bank, HDFC Bank, SBI
Nifty Bank index shed 1 percent led by the Kotak Mahindra Bank, HDFC Bank, SBI

December 3rd 2021 @ 3:16 PM
Only 2 of 30 Sensex stocks see gain
Only 2 of 30 Sensex stocks see gain

December 3rd 2021 @ 3:13 PM
Nagarjuna Fertilizers restarts urea production
Nagarjuna Fertilizers and Chemicals has restarted Urea Production in Plant -I, from December 01, 2021. The company had taken a temporary shutdown of urea production on November 24, 2021, to take up temporary repairs Nagarjuna Fertilizers and Chemicals was quoting at RS 12.08, up RS 0.57, or 4.95 percent on the BSE. The share touched a 52-week high of RS 20.67 and a 52-week low of RS 4.40 on 15 July, 2021 and 25 January, 2021, respectively. Currently, it is trading 41.56 percent below its 52-week high and 174.55 percent above its 52-week low.

December 3rd 2021 @ 3:08 PM
Market update : The Sensex was down 744.24 points and the Nifty was down 198.40 points
The Sensex was down 744.24 points or 1.27% at 57717.05, and the Nifty was down 198.40 points or 1.14% at 17203.30. About 1682 shares have advanced, 1332 shares declined, and 123 shares are unchanged.  The Sensex was down 744.24 points and the Nifty was down 198.40 points    

December 3rd 2021 @ 2:59 PM
Sun Pharma Advanced in licensing agreement with Biomodifying
Sun Pharma Advanced Research Company (SPARC) has entered into an agreement with Biomodifying LLC (Biomodifying) to exclusively license Biomodifying’s intellectual property, including all patents and patent applications owned or controlled by Biomodifying, along with antibodies developed for multiple uses including for cancer, company said in its release.. Sun Pharma Advanced Research Company was quoting at RS 254.00, up RS 5.50, or 2.21 percent.

December 3rd 2021 @ 2:34 PM
Media & realty only sectoral gainers
Media & realty only sectoral gainers

December 3rd 2021 @ 2:32 PM
These stocks fall in line with market mood
These stocks fall in line with market mood These stocks fall in line with market mood  

December 3rd 2021 @ 2:28 PM
Anand Rathi IPO subscribed 2.38 times on the second day of bidding.  
Anand Rathi IPO updates: The public offer of Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, has garnered bids for 2.01 crore equity shares as against an IPO size of 84.75 lakh units, subscribing 2.38 times on December 3, the second day of bidding. The portion set aside for retail investors and non-institutional investors was subscribed 3.82 times and 2.47 times, respectively. Employees have put in bids for 47 percent shares of their allotted quota, while qualified institutional buyers bought 1 percent of shares reserved for them.

December 3rd 2021 @ 1:35 PM
Sectoral matrix on NSE
Sectoral matrix on NSE

December 3rd 2021 @ 1:30 PM
RateGain Travel IPO: GMP rises ahead of subscription opening
The three-day initial public offering (IPO) of RateGain Travel Technologies will open for public subscription on December 7 which will conclude on December 9. The software-as-a-service (SaaS) company has fixed a price band of ₹405-425 a share.

December 3rd 2021 @ 1:26 PM
Jubilant Ingrevia board approves buyback of NCDs worth Rs 100 crore
The finance committee of Jubilant Ingrevia has, at its meeting held on December 2, 2021 approved the buy-back of 1,000 7.90% Secured Rated Listed Redeemable Non-Convertible Debentures of RS 10,00,000 each aggregating to RS 100 crore. Jubilant Ingrevia was quoting at RS 579.75, up RS 17.35, or 3.08 percent on the BSE.

December 3rd 2021 @ 1:20 PM
Market update : The Sensex was down 309.48 points and the Nifty was down 75.10 points
The Sensex was down 309.48 points or 0.53% at 58151.81, and the Nifty was down 75.10 points or 0.43% at 17326.60. About 1830 shares have advanced, 1133 shares declined, and 117 shares are unchanged. The Sensex was down 309.48 points and the Nifty was down 75.10 points

December 3rd 2021 @ 1:02 PM
The share price of Angel One gained almost 4 percent on December 3
The share price of Angel One gained almost 4 percent on December 3 after the broking company reported that its client base during November grew to 7.32 million from 6.93 million in the previous month and was up about 146 percent on year. In November, the company’s overall average daily turnover rose 9.5 percent on month and 219 percent on year to RS 7,217 billion. The company's retail turnover market share in the overall equity segment stood at 21 percent compared to 20.7 percent in October and 15.4 percent in November 2020.

December 3rd 2021 @ 1:00 PM
Top 10 gainers on NSE
Top 10 gainers on NSE Top 10 gainers on NSE

December 3rd 2021 @ 12:57 PM
Nifty SmallCap index up
Nifty SmallCap index up

December 3rd 2021 @ 12:54 PM
Sensex index contribution
Sensex index contribution

December 3rd 2021 @ 12:35 PM
Hindustan Zinc to consider interim dividend on December 7
Shares of mining major Hindustan Zinc gained more than 3 percent on December 3 after the company said its board would meet on December 7 to consider and approve interim dividend on equity shares for FY22. The record date for eligibility of interim dividend, if any, would be December 15, the company said in a regulatory filing.

December 3rd 2021 @ 12:34 PM
Morepen Laboratories gets USFDA nod for Fexofinadine
Morepen Laboratories has received USFDA approval for its anti-allergy drug Fexofinadine Hydrochloride that is market in India under the popular brand name Allegra, among others and is the block buster drug of the innovator company Sanofi Aventis, France. Fexofinadine is most widely used, second generation antihistamine drug for the treatment of allergy symptoms and hay fever. Morepen Laboratories was quoting at RS 52.90, up RS 1.90, or 3.73 percent on the BSE.

December 3rd 2021 @ 12:33 PM
Tega Industries IPO subscribed 29.19 times on final day
The initial public offering (IPO) of Tega Industries continues to elicit a good response, with the issue subscribed 29.19 times on the final day on December 3. Bids had come in for 27.93 crore equity shares against an offer size of 95.68 lakh. The IPO has seen strong demand for all investors. The retail portion has been subscribed 22.11 times and the non-institutional investors one 74.90 times. Qualified institutional investors have put in bids 7.31 times their allotted quota.

December 3rd 2021 @ 12:33 PM
Anand Rathi IPO oversubscribed by 2.13 times on Day 2
The public offer of Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, has garnered bids for 1.80 crore equity shares as against an IPO size of 84.75 lakh units, subscribing 2.13 times on December 3, the second day of bidding. The portion set aside for retail investors and non-institutional investors was subscribed 3.38 times and 2.27 times, respectively. Employees have put in bids for 45 percent shares of their allotted quota, while qualified institutional buyers bought 1 percent of shares reserved for them.

December 3rd 2021 @ 12:10 PM
Market update : The Sensex was down 52.47 points and the Nifty was down 6.50 points
The Sensex was down 52.47 points or 0.09% at 58408.82, and the Nifty was down 6.50 points or 0.04% at 17395.20. About 1991 shares have advanced, 937 shares declined, and 99 shares are unchanged.   The Sensex was down 52.47 points and the Nifty was down 6.50 points

December 3rd 2021 @ 11:50 AM
KEC International secures new orders of Rs 1,065 crore
KEC International has secured new orders of RS 1,065 crore across its various businesses. Transmission & Distribution business has secured orders for T&D projects in India, Middle East, Africa, and Americas and Railways business has secured an order for construction of Railway Siding in the conventional segment in India. Its Civil business has secured an order for infra works in the Water Pipeline segment in India and Oil & Gas Pipelines business has secured an order for laying of oil and gas pipeline, through our wholly owned subsidiary, Spur Infrastructure Pvt. Ltd. The Cables business has secured orders for various types of cables in India and overseas. KEC International was quoting at RS 444.20, up RS 12.45, or 2.88 percent on the BSE.

December 3rd 2021 @ 11:38 AM
Hero MotoCorp expands operations in Argentina
Hero MotoCorp along with Gilera Motors Argentina has expanded operations and inaugurated a flagship dealership in Argentina, company said in the release. The company had recently announced the revitalization of its presence in Argentina by partnering with Gilera Motors, one of the leading companies in the motor vehicle sector in Argentina and one of the most experienced motorcycle manufacturers in Latin America. Hero MotoCorp was quoting at RS 2,487.65, up RS17.75, or 0.72 percent on the BSE.

December 3rd 2021 @ 11:37 AM
BSE Realty index added 1 percent led by the Indiabulls Real Estate, Oberoi Realty, Phoenix Mills
BSE Realty index added 1 percent led by the Indiabulls Real Estate, Oberoi Realty, Phoenix Mills

December 3rd 2021 @ 11:36 AM
Apollo Pipes shares turn ex-bonus today, stock surges

Shares of Apollo Pipes surged on the BSE in Friday's opening deals as the stock traded ex-bonus ahead of its record date on Saturday. The company has fixed December 4 as record date for the purpose of finding out eligibility of shareholders entitled for issuance of bonus equity shares.

Apollo Pipes shares turn ex-bonus today, stock surges Apollo Pipes shares turn ex-bonus today, stock surges

December 3rd 2021 @ 11:33 AM
KEC International rises as co wins orders worth RS 1,065 crores
KEC International rises as co wins orders worth Rs. 1,065 crores

December 3rd 2021 @ 11:24 AM
Centre may bring cryptocurrency exchanges under ambit of Sebi: Report
The Union government is reportedly planning to bring rename cryptocurrency and place it under the regulatory ambit of SEBI instead of imposing a ban, according to a Mint report. "Under the proposed law, cryptocurrency will be renamed crypto-asset and brought under the ambit of the Securities and Exchange Board of India (SEBI)," the publication reported on 3 December quoting sources. According to the report, by renaming cryptocurrency, the Centre aims to avoid an overlap between crypto-asset and the proposed digital currency by the Reserve Bank of India (RBI).

December 3rd 2021 @ 11:24 AM
Tega Industries IPO issue subscribed 17.55 times on final day
The initial public offering (IPO) of Tega Industries continues to elicit a good response, with the issue subscribed 17.55 times by the morning of December 3, the final day of bidding. Bids had come in for 16.79 crore equity shares against an offer size of 95.68 lakh. The IPO has seen strong demand for all investors. The retail portion has been subscribed 20.31  times and the non-institutional investors one 28.98 times. Qualified institutional investors have put in bids 4.15 times their allotted quota.

December 3rd 2021 @ 11:15 AM
Anand Rathi IPO subscribing 1.92 times on the second day of bidding.
The public offer of Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, has garnered bids for 1.62 crore equity shares as against an IPO size of 84.75 lakh units, subscribing 1.92 times on December 3, the second day of bidding.   The portion set aside for retail investors and non-institutional investors was subscribed 3.02 times and 2.13 times, respectively. Employees have put in bids for 44 percent shares of their allotted quota, while qualified institutional buyers bought 1 percent of shares reserved for them.

December 3rd 2021 @ 11:05 AM
Market update : Sensex is down 77.52 points and the Nifty shed 15.30 points
Sensex is down 77.52 points or 0.13% at 58383.77, and the Nifty shed 15.30 points or 0.09% at 17386.40.    Sensex is down 77.52 points and the Nifty shed 15.30 points

December 3rd 2021 @ 10:55 AM
L&T shares rise on green hydrogen bond with ReNew Power
Larsen & Toubro (L&T) share gained over 2 percent on Friday after the company announced partnership for green hydrogen projects in India. The engineering conglomerate on December 2 announced that it will jointly own and operate green hydrogen projects with Goldman Sachs-backed green energy producer ReNew Power. “Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India,” a joint statement said.

December 3rd 2021 @ 10:45 AM
IEX shares surge as stock trades ex-bonus
Shares of Indian Energy Exchange (IEX) surged 9% to ₹264 apiece on the BSE in Friday's opening deals as the stock traded ex-bonus ahead of its record date on Monday. The energy exchange has fixed 6 December as record date for the purpose of finding out eligibility of shareholders entitled for issuance of bonus equity shares.

December 3rd 2021 @ 10:44 AM
Anand Rathi IPO oversubscribed by 1.81 times on Day 2
The public offer of Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, has garnered bids for 1.53 crore equity shares as against an IPO size of 84.75 lakh units, subscribing 1.81 times on December 3, the second day of bidding. The portion set aside for retail investors and non-institutional investors was subscribed 2.82 times and 2.04 times, respectively. Employees have put in bids for 44 percent shares of their allotted quota, while qualified institutional buyers bought 1 percent of shares reserved for them.

December 3rd 2021 @ 10:39 AM
November Services PMI & Composite PMI:
India's November Services Purchasing Managers’ Index (PMI) stood at 58.1 against 58.4 in October 2021 and Composite PMI was at 59.2 versus 58.7, MOM.

December 3rd 2021 @ 10:35 AM
Tega Industries IPO subscribed 16.22 times on final day
The public issue of Tega Industries continued to see healthy subscription on December 3, the final day of bidding, as it has so far been subscribed 16.22 times through bids for 15.44 crore equity shares in an offer size of 95.68 lakhs. The demand for the offer has been very strong from all kinds of investors. The reserved portion of retail and non-institutional investors was subscribed 18.68 times and 26.53 times, respectively. Qualified institutional investors have put in bids 4.02 times their allotted quota.

December 3rd 2021 @ 10:29 AM
Zee Entertainment, Indian Hotels contribute most to Nifty Midcap 100 index's gains
Zee Entertainment, Indian Hotels contribute most to Nifty Midcap 100 index's gains

December 3rd 2021 @ 10:26 AM
RIL, Bharti Airtel contribute most to Nifty50's fall; IT stocks hold fort
RIL, Bharti Airtel contribute most to Nifty50's fall; IT stocks hold fort

December 3rd 2021 @ 10:25 AM
Nifty falls below 17,400
Nifty falls over 100 points from today's high.
Nifty falls below 17,400

December 3rd 2021 @ 10:24 AM
JSW Steel merges 3 units in West Virginia with respective holding companies
As part of the JSW Steel's overall efforts to restructure and consolidate its US Coal operations and holding structure, the step-down subsidiary companies of the company, operating at West Virginia, USA, have been merged with their respective holding Companies effective December 2, 2021. Keenan Minerals, LLC, R.C. Minerals, LLC and Peace Leasing, LLC merged with its holding company Purest Energy, LLC Periama Handling, LLC and Rolling S Augering, LLC merged with its holding company Planck Holdings, LLC Prime Coal, LLC merged with its holding company Periama Holdings LLC. JSW Steel was quoting at RS 648.00, up RS 1.00, or 0.15 percent.

December 3rd 2021 @ 10:18 AM
Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors
Dollar rupee has been in the range for 3 days in succession. Today's opening also is near to 75.00 with a range of 74.80 to 75.20. Lower volumes and directionless trade has kept it in the range as markets await for today's non-farm pay roll data expected to come at about 550k. Exporters may wait for higher levels with a stop below 74.70, while importers need to keep buying near 74.80 for their near term imports.

December 3rd 2021 @ 10:12 AM
Ashoka Buildcon emerges as the lowest bidder for a project in Goa
Ashoka Buildcon had submitted bid to the Ministry of Road Transport & Highways in respect of the project viz. 'Request for Proposal for construction of six lane link road (NH-1665) with paved shoulder configuration to Mopa Airport in the State of Goa on EPC mode'. The company has emerged as the lowest bidder (L-1) and the quoted bid price of the project is RS 76,941 crore. Ashoka Buildcon was quoting at RS 100.20, up RS 3.70, or 3.83 percent on the BSE.

December 3rd 2021 @ 10:07 AM
Market update : The Sensex was down 108.87 points and the Nifty was down 31.00 points
The Sensex was down 108.87 points or 0.19% at 58352.42, and the Nifty was down 31.00 points or 0.18% at 17370.70. About 1700 shares have advanced, 989 shares declined, and 111 shares are unchanged. The Sensex was down 108.87 points and the Nifty was down 31.00 points

December 3rd 2021 @ 9:52 AM
BSE Capital Goods index rise 2 percent led by the Finolex Cables, L&T, Adani Green Energy
BSE Capital Goods index rise 2 percent led by the Finolex Cables, L&T, Adani Green Energy

December 3rd 2021 @ 9:48 AM
Maruti Suzuki falls after CLSA India downgrades stock to 'Sell'; cuts price target to Rs. 6,420
Maruti Suzuki falls after CLSA India downgrades stock to 'Sell'; cuts price target to Rs. 6,420

December 3rd 2021 @ 9:46 AM
Adani Ports operational performance for November 2021
In 8 months of FY22 ending November 30, Adani Ports and Special Economic Zone's portfolio of ports handled a cargo volume of 209.45 MMT a growth of 43% on a y-o-y basis, which is also higher than the entire volume handled in FY19. Its Mundra Port crossed 100 MMT during the eight months period. The container volumes reached 5.5 million TEUs, of which Mundra Port has achieved 4.4 million TEUs and dry cargo volume surpassed 100 MMT. The cargo volume for November’21 stands at 24.74 MMT versus 23.77 MMT for the same period last year. Adani Ports and Special Economic Zone was quoting at RS 739.65, up RS 0.80, or 0.11 percent.

December 3rd 2021 @ 9:43 AM
JPMorgan initiates coverage on Dalmia Bharat with a Buy call; target price at Rs 2,350
JPMorgan initiates coverage on Dalmia Bharat with a Buy call; target price at Rs 2,350

December 3rd 2021 @ 9:40 AM
NIFTY PHARMA worst sectoral loser in early trade
NIFTY PHARMA worst sectoral loser in early trade

December 3rd 2021 @ 9:35 AM
BSE Power index added 1 percent led by the IEX, NHPC, Adani Green
BSE Power index added 1 percent led by the IEX, NHPC, Adani Green

December 3rd 2021 @ 9:31 AM
Unichem Laboratories gets USFDA approval for Aripiprazole tablets
Unichem Laboratories share price rose more than 7 percent on December 3 after company received approval from the United States Food and Drug Administration (USFDA). "Unichem Laboratories has received ANDA approval for its Aripiprazole Tablets USP, 2 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 30 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Abilify Tablets, 2 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 30 mg, of Otsuka Pharmaceutical Company, Ltd.," company said in its release. Aripiraprazole tablets are indicated for schizophrenia and irritability associated with autistic disorder.

December 3rd 2021 @ 9:28 AM
Gainers and Losers on the BSE Sensex
Gainers and Losers on the BSE Sensex

December 3rd 2021 @ 9:25 AM
Sensex at pre open market
Sensex at pre open market

December 3rd 2021 @ 9:23 AM
Most active stocks on NSE
Most active stocks on NSE Most active stocks on NSE

December 3rd 2021 @ 9:18 AM
Nifty at pre open market
Nifty at pre open market

December 3rd 2021 @ 9:15 AM
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Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ONGC 170.15 3.84 3,35,17,100
TATAMOTORS 520.60 1.92 1,95,14,261
COALINDIA 163.85 1.90 1,01,45,393
UPL 812.60 1.69 20,45,635
HINDALCO 504.35 1.68
51,48,604
COMPANY LTP %CHNG VOLUME
ASIANPAINT 3,278.85 -2.81 13,35,732
SHREECEM 26,422.25 -2.70 43,795
INFY 1,870.00 -2.64 46,24,748
HINDUNILVR 2,308.95 -2.56 19,45,688
ADANIPORTS 743.60 -2.54
53,57,099