Top 15 things to know before market opens on November 22, 2021
- The BSE and NSE finished lower in previous session and formed a bearish candle on the daily charts
- FII net sold shares worth Rs 3,930.62 crore while DIIs net bought shares worth Rs 1,885.66 crore
- Wall Street ended a choppy session mixed while European markets finished lower on Friday
The market nosedived further with the BSE Sensex falling way below the 60,000 mark, dragged by selling in all sectors with Auto, IT, Metal, and Pharma being the prominent losers on November 18.
"A long negative candle was formed on the daily chart with upper and lower shadow. This reflects the extent of decline with high volatility on the day of weekly F&O expiry of Thursday," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
The correction in broader markets was higher than benchmark indices. The Nifty Midcap 100 index fell 1.44% and Smallcap 100 index declined 1.63%.
According to pivot charts, the key support levels for the Nifty are placed at 17,653.67, followed by 17,542.54. If the index moves up, the key resistance levels to watch out for are 17,910.77 and 18,056.73.
The BSE Sensex plummeted 433.05 points to close at 59,575.28 in the previous session while the Nifty50 dropped 133.90 points to 17,764.80 and formed a bearish candle on the daily charts, extending the decline for the third session in a row. The index also formed a bearish candle on the weekly charts, as it fell 1.87% over the week.
The trends on SGX Nifty indicate a negative opening for the index in India with a 40-points loss. The Nifty futures were trading at 17,820.80 on the Singaporean Exchange around 07:30 hours IST.
Wall Street ended a choppy session mixed on Friday, with the S&P 500 and Dow Jones indices declining 0.1% and 0.8% respectively and the tech stocks-heavy Nasdaq Composite gauge rising 0.4 percent to a record high. Fears of new lockdowns to curb the spread of COVID-19 in Europe hammered banking, energy, and airline stocks.
Asian markets are mixed. The Shanghai Composite is higher by 0.43%, while the Nikkei 225 is leading the Hang Seng lower. They are down 0.19% and 0.06% respectively.
European markets finished lower on Friday with shares in London leading the region. The FTSE 100 is down 0.45% while France's CAC 40 is off 0.42% and Germany's DAX is lower by 0.38%.
Foreign portfolio investors invested crores in Indian markets
Foreign portfolio investors (FPI) were net buyers in the Indian markets at Rs 19,712 crore in November so far. As per depositories’ data, they invested Rs 14,051 crore into equities and Rs 5,661 crore in the debt segment between November 1-18.
Morgan Stanley sees Sensex at 70,000 level by December 2022
Indian stock market’s outperformance relative to emerging markets (EMs) is likely to pause in 2022, said analysts at Morgan Stanley in a recent note, but expects the Sensex to hit the 70,000 mark by 2022-end - up to around 17% from the current levels. The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.
Paytm records 418% YoY growth in value of loans disbursed in October 2021
Paytm recorded a 418 percent year-on-year growth in the value of loans disbursed in October, the company said in a regulatory filing on November 21.
"The October 2021 month saw a continued increase in adoption across our different financial services products. The lending business continued to show very strong growth as a result of rapid scale-up of all of our lending products, including Postpaid, consumer loans and merchant loans," it said.
"Our financial institution partners disbursed a total of 1.3 million loans in October 2021 aggregating to a total disbursal of INR 6,270 million ($84 million), implying a 472% increase in numbers of loans disbursed Y-o-Y and 418% increase in value of loans disbursed Y-o-Y," the regulatory filing noted.
Maruti to stay away from the diesel segment, focus on making petrol cars more fuel-efficient
Maruti Suzuki India has ruled out getting back into the diesel segment as it believes the sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023, according to a senior company official.
Vulnerability in PNB server exposed customer data for about seven months as per CyberX9
A vulnerability in the server of Punjab National Bank (PNB) allegedly exposed the personal and financial information of its about 180 million customers for about seven months, according to cyber security firm CyberX9.
CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control.
Meanwhile, the bank has confirmed the glitch but denied any exposure of critical data due to the vulnerability.
Ola Electric again delays delivery of scooters on chipset supply snag
Ola Electric has yet again delayed the delivery of its electric scooters, citing a global shortage of chipsets and electronic parts. The delays range from two weeks to a month with the first batch of deliveries now expected to start between December 15 and 30, the company has informed customers who have pre-booked the vehicles.
Govt puts on sale MTNL, BSNL assets worth about Rs 1,100 crore
The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 1,100 crore, according to documents uploaded on the DIPAM website. The asset monetisation is part of the Rs 69,000 crore revival scheme for MTNL and BSNL which was approved by the government in October 2019. Both the public sector firms were to identify and monetise assets worth Rs 37,500 crore by 2022.
Bulk Deal Data
R.B.A. Finance & Investment acquired 13.33 lakh equity shares in Zensar Technologies at Rs 450 per share, and ICICI Prudential Mutual Fund bought 14,77,137 equity shares in the company at the same price. However, Marina Holdco (FPI) exited by selling 2,57,56,470 equity shares in the company at Rs 451.72 per share on the BSE, the bulk deals data showed.
Promoter Naig Pandoo Prabhakar further sold 11,00,404 equity shares in Onelife Cap Advisors at Rs 18.97 per share on the NSE, the bulk deals data showed.
DII and FII Data
Foreign institutional investors (FIIs) net sold shares worth Rs 3,930.62 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,885.66 crore in the Indian equity market on November 18, as per provisional data available on the NSE.
NSE F&O Ban
BHEL, Vodafone Idea, Escorts, NALCO, SAIL, and Sun TV Network remain among the stocks/securities that have been placed on the National Stock Exchange's futures and options (F&O) ban for trade on Monday, November 22, 2021. While IRCTC and Indiabulls Housing Finance which were on the ban list on Thursday are out of the list for Monday.
BCPL Railway In Standalone September 2021 Net Sales at Rs 19.27 crore, up 68.2% Y-o-Y
Maheshwari Logi Standalone September 2021 Net Sales at Rs 250.85 crore, up 81.65% Y-o-Y
GB Global Standalone September 2021 Net Sales at Rs 4.32 crore, down 76.89% Y-o-Y
Leading Leasing Standalone September 2021 Net Sales at Rs 1.95 crore, down 44.75% Y-o-Y
Pansari Develop Standalone September 2021 Net Sales at Rs 12.28 crore, up 100.2% Y-o-Y
Olympic Fin Ser Standalone September 2021 Net Sales at Rs 0.02 crore, up 0.95% Y-o-Y
RSD Finance Lim Standalone September 2021 Net Sales at Rs 0.74 crore, up 18.21% Y-o-Y
ILandFS Engg Standalone September 2021 Net Sales at Rs 104.79 crore, up 50.8% Y-o-Y
Ahlada Engineer Standalone September 2021 Net Sales at Rs 28.68 crore, down 6.12% Y-o-Y
NSL Standalone September 2021 Net Sales at Rs 2.53 crore, down 8.49% Y-o-Y
Airan Standalone September 2021 Net Sales at Rs 18.36 crore, up 28.77% Y-o-Y
Vision Corp Standalone September 2021 Net Sales at Rs 0.50 crore, down 57.39% Y-o-Y
Polycon Intl Standalone September 2021 Net Sales at Rs 7.80 crore, up 4.3% Y-o-Y
DELPHI WORLD Standalone September 2021 Net Sales at Rs 16.24 crore, down 60.51% Y-o-Y
Garbi Finvest Standalone September 2021 Net Sales at Rs 9.24 crore, up 1528.7% Y-o-Y
Modi Rubber Standalone September 2021 Net Sales at Rs 0.68 crore, up 43.99% Y-o-Y
IMP Powers Standalone September 2021 Net Sales at Rs 16.41 crore, down 14.73% Y-o-Y
The Western Ind Standalone September 2021 Net Sales at Rs 26.21 crore, up 21.34% Y-o-Y
GK Consultants Standalone September 2021 Net Sales at Rs 0.31 crore, up 37.53% Y-o-Y
FSN E-Co(Nykaa) Standalone September 2021 Net Sales at Rs 49.39 crore, up 21.6% Y-o-Y