Market LIVE: Sensex, Nifty trade higher, Supriya Lifescience makes strong debut

Sensex up 400 points

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Ashish Kacholia buys shares in multibagger stock that has rallied over 260% this year

Indian ace investor and stock market trader Ashish Kacholia is known for picking lesser-known stocks from midcap and smallcap segment that have seen to go on to outperform in the market. The investor had bought shares in multibagger stock Sastasundar Ventures Ltd in a block deal on the National Stock Exchange (NSE) on Monday.

Sectoral indices in the green

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BSE Ltd shares surge as board to consider bonus issue

Shares of BSE Limited surged in Tuesday’s early deals on the NSE after the stock exchange announced that its board will meet on February 8, 2022 to consider bonus issue and financial results. On the NSE, BSE Ltd shares surged more than 7% to ₹1,961 per share. 

Bharti Airtel, TCS partner for 5G-based remote robotic operations

Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to sources. Both the companies are currently running the trials in Airtel’s 5G lab at Manesar, Haryana. (PTI)

Top gainers/losers at this hour

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Supriya Lifescience stock lists at over 53% premium

Shares of Supriya Lifescience started trading on the Indian stock exchanges on Tuesday by listing at a premium of over 53% at ₹421 per share on the NSE as compared to its issue price of ₹274 apiece. On the BSE, the stock made its debut at ₹425 per share.

The three-day initial public offering (IPO) of Supriya Lifescience Limited was subscribed 71.51 times on the last day of share sale that concluded on December 20. The issue was fully subscribed within a few hours on first day of subscription that opened on December 16 on the back of a strong response from retail investors.

Markets opening view: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

The index is slowly inching towards the 17200 mark. It is imperative we have a couple of closings above this level. That would mark the beginning of a new medium-term bullish trend. That would also allow the Nifty to scale up higher towards 17600. 16800 has now become a good support for the index and as long as that holds, we can aim at entering long positions.

Nifty broad market indices in the green

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This Tata group stock is Axis Securities’ top pick of the week

Trent Ltd. is a part of the Tata Group of companies and has been an early entrant in India’s organized Retail sector. Domestic brokerage and research firm Axis Securities has recommended Trent as its top stock pick of the week as it expects the company’s recovery momentum to continue in H2FY22. Axis Securities has recommended Buy rating on the Tata Group stock with a target price of ₹1,180 per share.

MTNL up nearly 10%

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Most Sensex stocks in the green

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 Nifty near the 17.2k-mark at open

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Sensex 300 points higher at open

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Sensex in pre-open

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Nifty in pre-open

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Day trading guide for Tuesday

5 stocks to buy or sell today — 28th December

Supriya Lifescience IPO share listing today. Experts predict ‘strong’ debut

Shares of Supriya Lifescience Limited is going to hit Dalal Street today. As per the information available on BSE website, the equity shares of Supriya Lifescience Limited shall be listed and admitted to dealings on NSE and BSE in the list of ‘B’ Group of Securities in a Special Pre-open Session. According to stock market experts, Supriya Lifescience may have a strong debut as the stock is expected to list in the range of ₹360 to ₹430 per share levels. Grey market is also signaling strong Supriya Lifescience share price debut. According to market observers, Supriya Lifescience IPO GMP today is ₹150.

Stocks to Watch: HDFC Bank, Mahindra Logistics, Paras Defence, TCS

Here is the list of the top 10 stocks that are likely to be in focus today.

Bitcoin, dogecoin, Shiba Inu plunge; Cardano rises

In cryptocurrencies, Bitcoin price was trading above $50,000 even as the world’s most popular and largest cryptocurrency by market capitalization slipped 0.6% to $50,180. Bitcoin, famed for its volatility, has shed more than $18,000 since hitting a record in early November, but it’s still up more than 75% this year (year-to-date or YTD) so far.

Check cryptocurrency prices today.

RBL Bank among 4 stocks under F&O ban on NSE today

RBL Bank is among the four stocks that have been been put under the ban for trade on Tuesday, December 28, 2021 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been put on ban under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE. Meanwhile, other three stocks are Indiabulls Housing Finance, Escorts, and Vodafone Idea that continue to be under the exchange’s stock ban list for today.

SGX Nifty futures trading 80.5 points (0.47%) higher at 17,186.50 in early deals

Indian bankers book record ₹2600 crore fees from IPOs in 2021

Indian investment bankers are set for their best year ever, collecting almost ₹2600 crore ($347 million) in fees from local initial public offerings (IPOs) that have reached an all-time high in 2021.

Safe-haven yen sinks to one-month low as Omicron worries ebb

The yen traded near a one-month low to the dollar on Tuesday as safe-havens fell out of favour following Wall Street’s rally to a record high overnight, with Omicron uncertainty consigned to the background. The Japanese currency weakened as far as 114.935 yen per dollar for the first time since Nov. 26, approaching the year-to-date low of 115.525 reached Nov. 24.

Asian stocks mixed

Asian stocks traded mixed Tuesday as investors mulled another all-time high for U.S. shares on optimism the global recovery can weather risks from the coronavirus and tighter policy.

Equities climbed about 1% in Japan but slipped in Hong Kong and fluctuated in China and South Korea. U.S. futures dipped following the S&P 500’s 69th record close this year, though volumes on Wall Street were lower than average in the wake of the Christmas break.

China’s central bank — which on the weekend vowed more economic support — boosted a short-term liquidity injection. Traders also digested new curbs from Beijing on certain offshore listings and a looming interest payment deadline for struggling property giant China Evergrande Group — whose shares climbed Tuesday.

Shorter maturity U.S. Treasury yields rose, while those for longer-dated bonds were steady. The dollar was little changed. Oil pushed higher amid bets that economic reopening faces only a temporary setback from the omicron virus-strain outbreak.