Stock Market LIVE Updates: Banks, IT stocks trade weak. Metal stocks defy market mood. Ujjivan Financial jumps 7%. RIL slips 2%

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Domestic equity benchmarks started Monday’s session on a weak note amid selling pressure in RIL and select bank and IT stocks. Hindalco, HDFC, Coal India, Airtel and JSW Steel among top blue-chip performers. On the other hand, RIL, ICICI Bank, HCL Tech, Eicher Motors and Infosys among top losers. Investors now eye retail inflation data, with a Reuters poll of analysts projecting that the reading held steady in August and stayed within the central bank’s comfort zone.

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PharmEasy parent API Holdings strengthens board ahead of IPO

The fresh appointments bring a great amount of cognitive diversity to the Board, with luminaries from the world of public service, technology, pharma, medical fraternity, and the consumer sector, API Holdings Ltd said in a statement.

Fundamental stock picks by HDFC Securities:

Vishnu Chemicals: Buy in the band of Rs 658-696 and further add at Rs 593 for a target price of Rs 738-818.Nippon Life India Asset Management Ltd: Buy at LTP of Rs 440.3 & add more on dips of Rs 390 for a target price of Rs 478-505.

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Adani Transmission market cap breaches Rs 2 trillion mark

Price as on 13 Sep, 2021 01:10 PM, Click on company names for their live prices.

Top gainers and losers in auto stocks

Price as on 13 Sep, 2021 12:51 PM, Click on company names for their live prices.

Hindalco, NALCO up nearly 3% as aluminium prices soar to 13-year high

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RIL shares decline over 2% after delayed Jio phone launch

Reliance Industries drove losses on the benchmark, falling over 2% after its “ultra-affordable” smartphone — developed jointly by Reliance’s telecom arm and Google — was delayed to November.

In the absence of major events after the inflation data, we may continue to see some correction or a subdued move in the local market this week… this is not unhealthy given the moves in August and early-September

– Ajit Mishra, vice president of research at Religare Broking

Japan stocks close higher

Tokyo stocks closed higher on Monday on bargain-hunting, recovering from early losses, with investors eyeing key economic data due this week in the United States and China. The benchmark Nikkei 225 index advanced 0.22 percent, or 65.53 points, to end at 30,447.37, while the broader Topix index climbed 0.29 percent, or 6.06 points, to 2,097.71.

SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation

Price as on 13 Sep, 2021 11:52 AM, Click on company names for their live prices.

Cabinet likely to discuss PLI schemes for auto this week: Report

Jet Airways shares jump 5% on report that the airline may resume domestic operations in Q1 of FY22

Price as on 13 Sep, 2021 11:03 AM, Click on company names for their live prices.

Rupee falls 18 paise to 73.68 against US dollar in early trade

The Indian rupee depreciated 18 paise to 73.68 against the US dollar in opening trade on Monday, tracking a strong greenback in overseas market.

Infosys, Microsoft sign multi-year engagement with Ausgrid: Agencies

ESG funds hiking stake in JSW Energy: Report

Technical analysts see PSU stocks gaining 5-10%

Technical analysts see the Nifty heading higher to 17,600-17,800 levels in the short term, with the trend remaining bullish as indicated by the trend of every decline in being used by investors to buy stocks.

Industrial production registers faster-than-expected growth in July, but recovery uneven: Nomura

There are mixed signals for the market at the start of the week. On the positive side, both FIIs and DIIs bought last Thursday and the futures market also indicates that FIIs are going long. However, news from the US and Europe indicate that economies are getting impacted by continuing restrictions on economic activity triggered by the new waves of the pandemic. Developed markets have turned slightly weak on these negative developments.

– Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Coal India shares gain 1% on report that it may hike coal prices by 10-11%

Price as on 13 Sep, 2021 09:38 AM, Click on company names for their live prices.

Top gainers and losers in banking pack

Price as on 13 Sep, 2021 09:26 AM, Click on company names for their live prices.

Banks and IT stocks top sectoral losers. Metals and media stocks in demand

Opening Bell: Sensex sheds 150 points, Nifty50 below 17,350; RIL, HCL Tech drop 1% each

Pre-open session: Sensex sheds 50 points, Nifty flat

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 83 points, or 0.48 per cent, lower at 17,357.50, signaling that Dalal Street was headed for a negative start on Monday.

Tech View: Nifty may pull back towards short-term averages

Nifty50 on Thursday formed a small bullish candle on the daily scale and an indecisive Doji on the weekly scale, suggesting a pause in the ongoing trend. Analysts said the possibility of the NSE barometer reverting back to its short-term moving averages is good. They see support for the index in the 17,250-200 range and expect the 17,450 level to pose immediate resistance.

Hong Kong shares begin with losses

Hong Kong equities sank more than one percent in the first few minutes of trade on Monday following another sell-off on Wall Street fuelled by fresh inflation concerns. The Hang Seng Index fell 1.22 percent, or 320.61 points, to 25,885.30. The Shanghai Composite eased 0.10 percent, or 3.86 points, to 3,699.25, while the Shenzhen Composite Index on China’s second exchange edged up 0.07 percent, or 1.78 points, to 2,503.79.

Japan stocks open lower on profit-taking

Tokyo stocks opened lower on Monday as investors sought to lock in profits following recent rallies, with losses on Wall Street also weighing on the market. The benchmark Nikkei 225 index was down 0.13 percent, or 40.25 points, at 30,341.59 in early trade, while the broader Topix index slipped 0.44 percent, or 9.13 points, to 2,082.52.

US stocks settled lower on Friday

Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P500’s first weekly loss in three weeks. The S&P500 fell 34.70 points to 4,458.58. The index is now within 1.8% of the all-time high it set last week. The Dow Jones Industrial Average lost 271.66 points, or 0.8%, to 34,607.72. The tech-heavy Nasdaq composite shed an early gain, dropping 132.76 points, or 0.9%, to 15,115.49.

FPIs buy Rs 7,575 cr worth shares in Sept so far

Foreign portfolio investors (FPI) have so far made a total net investment of Rs 7,575 crore in India so far in September, as per NSDL data. The net investment in the equities segment stood at Rs 4,385 crore, while that in the debt segment stood at Rs 3,220 crore, including those debt investments made through VRR.

Sensex. Nifty on Thursday

BSE and National Stock Exchange (NSE) of India were shut on Friday on account of Ganesh Chaturthi.A day earlier, the BSE S&P Sensex closed 55 points or 0.09 per cent higher at 58,305 while the Nifty 50 ticked up by 16 points or 0.09 per cent to 17,369.

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