Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open

At pre-open, the NSE Nifty 50 was trading 53.85 points or 0.21% lower at 25,764.70. The BSE Sensex was down 0.08% or 68.35 points at 84,491.30.

Rupee Vs Dollar Today: Indian Currency Opens Flat

Rupee opens flat at 90.37 against US Dollar. It closed at 90.38 on Thursday.

Source: Bloomberg

Tata Motors CV Shares In Focus As Two Brokerages Initiate Buy Calls — Check Target Price

Shares of Tata Motors Commercial Vehicles Ltd. will be worth keeping an eye on, heading into Thursday’s trade, after two big brokerage houses – JPMorgan and Bank of America – initiated coverage on the counter with a positive rating.

Interestingly, both brokerage firms have given an identical target price on Tata Motors CV, which is the commercial vehicle arm of the Tata Motors entity that got demerged recently.

Read full story here.

Paytm Shares In Focus After Key RBI Authorisation — Details Inside

Shares of One97Communication, the parent organisation of payment aggregator platform Paytm, will be in focus heading into Thursday’s day of trade following a recent authorisation from the Reserve Bank of India.

The central bank has granted Paytm the authorisation to operate not only as an online but an offline payment aggregator as well. RBI has also given authorisation for Paytm to operate cross-border transactions for both inward and outward flows, the company confirmed through an exchange filing.

Nifty Today: What F&O Cues Indicate

  • Nifty December futures down by 0.12% to 25,910 at a premium of 92 points.

  • Nifty December futures open interest up by 1.69%.

  • Nifty Options on Dec 23: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.

Dollar Check

  • The US Dollar index is up 0.04% at 98.070.

  • Euro was down 0.01% at 1.1739.

  • Pound was down 0.05% at 1.3366.

  • Yen was up 0.08% at 155.78.

Stock Market News Live: Global Check

Volatility rattled Wall Street as high-priced technology stocks and cryptocurrencies slid, while bonds trimmed earlier losses after a senior Federal Reserve official hinted there was scope for interest-rate cuts.

Technology shares bore the brunt of the selloff amid rising doubts over the sustainability of the artificial-intelligence rally. Nvidia Corp. dropped 3.8%, and losses deepened after the S&P 500 slipped below a key technical level, ending the session down 1.2%. The Nasdaq 100 fared worse, sliding 1.9%, reports Bloomberg.

Stock Market News Live: Global Check

Asian stocks started the day on a weaker note after losses on Wall Street, as global markets slipped back into a risk-off mood. Concerns around technology shares weighed on equities, while shorter-dated Treasuries and precious metals found support.

Stock Market News Live: GIFT Nifty Indicates Negative Open

Good morning readers.

The GIFT Nifty was trading above 25,800 early on Thursday. The futures contract based on the benchmark Nifty 50 fell 0.12% at 25,859 as of 7:05 a.m. indicating a negative start for the Indian markets.

In the previous session on Wednesday, the benchmark equity extended decline for the third day. The NSE Nifty 50 ended 41.55 points or 0.16% lower at 25,818.55, while the BSE Sensex closed 120.21 points or 0.14% lower at 84,559.65.

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