Stock Market Highlights Today: Nifty forms a Long Black Day candle on the daily chart.

Wall Street opens lower as tech stocks slide

The Dow Jones Industrial Average fell 97.53 points, or 0.27 per cent, at the open to 35,800.11. The S&P 500 opened lower by 16.17 points, or 0.35 per cent, at 4,652.50, while the Nasdaq Composite dropped 143.66 points, or 0.95 per cent, to 15,036.77 at the opening bell.

ICICI Bank raises Rs 5,000 crore by issuing bonds

Supriya Lifesciences IPO subscribed 5.7 times on second day

The initial public offer of Supriya Lifesciences continued to receive a strong response from investors on Dalal Street on the second day of bidding. It saw applications for 8,27,05,698 shares against the offer size of 1,45,28,299 shares. That means a subscription of 5.7 times. The offer was fully subscribed in the first 90-odd minutes of bidding, thanks to the fancy of retail bidders.

HP Adhesives IPO subscribed 21 times on final day

Thanks to strong retail interest, the initial public offering (IPO) of HP Adhesives has been subscribed 21 times on the last day. The issue saw applications for 5,29,89,650 shares against 25,28,500 shares on offer. According to data from NSE, the quota reserved for retail bidders was subscribed 81 times, whereas HNI allocation fetched 19 times.

RBI Board discusses private cryptocurrencies, CBDC

The Central Board of Reserve Bank on Friday discussed various aspects related to Central Bank Digital Currency and private cryptocurrencies. The government has proposed to bring in legislation on cryptocurrencies. It has listed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, for consideration in the ongoing Winter Session of Parliament. However, sources said that it may not be taken up during the session scheduled to end next week.

A sharp rise in the COVID cases globally has renewed participants’ worries and we feel it may aggravate further in absence of any major positive. Participants should align their positions accordingly and prefer hedged bets.

– Ajit Mishra, Religare Broking

Gold climbs by Rs 398; silver zooms to Rs 61,147 on global cues

Gold price in the national capital on Friday rallied by Rs 398 to Rs 47,762 per 10 gram reflecting gains in precious metal prices in the international market, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,364 per 10 gram. Silver also gained Rs 1,033 to Rs 61,147 per kg from Rs 60,114 per kg in the previous trade.

Out of the 30 Sensex stocks, 26 stocks closed in the red

BSE Market Statistics

RIL, financials drag Sensex 889 points down

Volatility gauge India VIX climbs 2.67% to 16.32

Gold, silver spot prices

KEC International bags new orders worth Rs 1,041 cr

Price as on 17 Dec, 2021 03:04 PM, Click on company names for their live prices.

Sensex Heatmap: Top gainers & losers at this hour

Market sell-off intensifies: Key indices still down over 1%; bank stocks underperform

Price as on 17 Dec, 2021 02:59 PM, Click on company names for their live prices.

US Futures extend decline; Nasdaq Futures down over 1%

Hindalco acquires Hydro’s aluminium extrusions business in Andhra Pradesh

Price as on 17 Dec, 2021 02:38 PM, Click on company names for their live prices.

Top 10 losers on NSE at this hour

Price as on 17 Dec, 2021 02:14 PM, Click on company names for their live prices.

Airtel pre-pays Rs 15, 519 cr to clear all deferred liabilities for spectrum acquired in 2014

Market Sell-off: Nifty Bank index falls 2%

Price as on 17 Dec, 2021 12:59 PM, Click on company names for their live prices.

TATA MOTORS: EU Nov JLR Sales: 3853 units VS 6007 units YOY

Price as on 17 Dec, 2021 12:39 PM, Click on company names for their live prices.

Sundaram Clayton the promoter of TVS Motor Company is looking to sell stake in the company: ET NOW

Co says it has resumed activity in the Behror plant but potential revenue loss due to closure stands at Rs 25 crore

Price as on 17 Dec, 2021 12:17 PM, Click on company names for their live prices.

Supriya Lifesciences IPO subscribed over 3x on Day 2

The initial public offer of Supriya Lifesciences continued to receive a strong response from investors on Dalal Street even on the second day of bidding. It saw applications for 4,50,70,020 shares against the offer size of 1,45,28,299 shares. That means a subscription of 3.10 times. The offer was fully subscribed in the first 90-odd minutes of bidding, thanks to the fancy of retail bidders.

“US Fed’s pivot towards a hawkish stance and an aggressive timeline for tapering of asset purchases as well as rate hikes will in the near term shape the trajectory of markets, rupee and global flows. With liquidity normalising in the US and the expected normalisation of India’s monetary policy in due course, we expect equity prices to remain under pressure. However, earnings trajectory so far has been strong, with 5 out of the last 6 quarters reporting an earnings beat leading to an upward revision in earnings. While strength in earnings will provide downside protection, the upside will be capped in light of liquidity withdrawal, keeping markets range-bound in the near term.”

– Hemant Kanawala, Head – Equity, Kotak Mahindra Life Insurance

IT only sectoral gainer on NSE in a weak market

Top losers on BSE at this hour

Sell-off on D-Street: Nifty tests 17,000; Tata Motors, IndusInd Bank slide 3%

HP Adhesive IPO subscribed about 11x on Day 2, issue closes today

The initial public offering (IPO) of HP Adhesives is witnessing a strong response from the investors as the issue is subscribed about 11 times, thanks to strong interest from retail investors. The issue saw applications for 2,72,37,150 shares against on offer 25,28,500 shares. The issue was subscribed 10.77 times by 11.25 am.

Friday Fear: Sensex tanks over 750 points, Nifty near 17,050

Price as on 17 Dec, 2021 10:56 AM, Click on company names for their live prices.

Rupee falls 14 paise to 76.23 against US dollar in early trade

The rupee declined by 14 paise to 76.23 against the US dollar in opening trade on Friday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.At the interbank foreign exchange, the rupee opened weak at 76.23 against the US dollar in early deals, registering a decline of 14 paise from the last close.

Investors can accumulate stock for a longer run but keeping in mind the volatile nature of the sector due to prevailing covid related developments. Overall any restrictions in travel can be a dampener for the stock since this can be a frontline sector to be hit. Hence we advise buying with caution & for the long term based on the risk profile of the investor: Mohit Nigam, Head – PMS, Hem Securities

Price as on 17 Dec, 2021 10:39 AM, Click on company names for their live prices.

Burger King India approved the acquisition of controlling stake in PT Sari Burger Indonesia (BK Indonesia). It acquired 83.24% stake from existing shareholders of BK Indonesia at an equity value arrived at by adjusting the enterprise value of IDR 2,601 billion equivalent to $183 million.

Price as on 17 Dec, 2021 10:29 AM, Click on company names for their live…