Stock Market Updates: Sensex, Nifty at day’s low, IT top drag


by mydhanush on 13 December 2023,  5 min read

Stock Market Updates: Sensex, Nifty at day's low, IT top drag

The Indian stock market was trading at day’s low with Sensex down 436 points at 69114 mark while Nifty was down 133 points and was trading at 20773 level.

Around 1108 stocks advanced while 1270 declined and 110 remained unchanged.

Among the sectors, selling was seen in the IT index which shed over 2 percent dragged by TCS, Infosys, Coforge and Tech Mahindra which shed over 2 percent each followed by LTI Mindtree, Coforge and Persistent Systems.

Metal stocks were also under pressure with the top losers being APL Apollo Tubes, Adani Enterprises, JSW Steel, Welspun Corp and Vedanta which shed 0.5-1 percent each.

However, some buying was seen in pharma and FMCG names. The top gainers included Aurobindo Pharma which jumped over 2 percent followed by Glenmark Pharma, Alkem Labs and IPCA Labs. The top FMCG gainers included Radico Khaitan which jumped over 4 percent followed by Emami, Colgate Palmolive and Varun Beverages.

Top Nifty50 Gainers:

Company Name Last Traded Price (Rs) % Change
NTPC 289.90 2.29
Hero MotoCorp 3810.10 1.68
Power Grid 235 1.58
IndusInd Bank 1504.80 0.52
Larsen & Toubro 3358.60 0.48
Source: NSE

Top Nifty50 Losers:

Company Name Last Traded Price (Rs) % Change
TCS 3565.95 2.89
Infosys 1437.45 2.62
Tech Mahindra 1200 2.13
LTI Mindtree 5635.95 2.12
HDFC Life Insurance 693.75 1.92
Source: NSE

DOMS Industries IPO Updates:

DOMS Industries Limited opened for subscription on December 13, 2023 It will remain open till December 15, 2023. 

The IPO has been subscribed 2.43 times so far on the first day of bidding, December 13, receiving bids for 2.13 crore shares against the issue size of 88.37 lakh shares.

Retail investors bought 8.94 times, non-institutional investors subscribed 2.77 times and qualified institutional buyers picked 0.01 times the allotted quota.

Stocks to Buy for Upto 14% Upside

US Retail Inflation

Retail inflation in the US rose 0.1 percent in November in-line with market expectations. On an on-year basis, the retail inflation rate was up 3.1 percent. Core inflation was slightly higher than estimates as it rose 0.3 percent in November.

Stocks on the move:

Adani Total Gas: 

Share price of Adani Total Gas plunged nearly 10 percent as investors tried to book profit off the nearly 90 percent rally in the stock in the past month.

Shilpa Medicare:

Shares of Shilpa Medicare surged 5 percent in early trade on December 13 after the Therapeutics Goods Administration (TGA) Australia approved its Bengaluru Unit IV for manufacturing, labelling, packaging and testing of medicinal oral mouth dissolving films.

HPL Electric:

Shares of HPL Electric & Power were locked at 10 percent upper circuit of Rs 220.65 per share on December 13 after the company bagged an order worth Rs 545 crore for smart meters, supporting India’s national metering initiative.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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