Markets Finish on a Strong Note

Wed, 16 Dec Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

Indian Indices continued to witness buying interest during the final hours of trading with the BSE-Sensex closing higher by 173 points, while the NSE-Nifty closed higher by 50 points. Mid caps and small caps too finished on a buoyant note. While the S&P BSE Midcap index closed higher by 0.4%, the S&P BSE Smallcap index closed the day with gains of 0.2%. Barring FMCG, major sectoral indices ended the day on a positive note. Gains were largely seen in telecom and oil and gas stocks.

Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 was up 2.61%, while Hong Kong's Hang Seng was up 2.01% and China's Shanghai Composite was up 0.17%.European markets are trading higher today with shares in London leading the region. The FTSE 100 is up 0.60%, while France's CAC 40 is up 0.30% and Germany's DAX is up 0.30%.

As per a leading financial daily, the Supreme Court has ordered fresh testing of Nestle India's Maggi noodle samples at Mysore lab. Further, the apex court has also stayed on the National Consumer Disputes Redressal Commission's (NCDRC) order of testing the noodles at Chennai lab.

The matter pertains to the government's petition which has alleged that Nestle India indulged in unfair trade practices by false labelling of Maggi noodles. The court tagged Nestle’s appeal against the NCDRC order with a plea filed by food regulator FSSAI against the Bombay High Court's (HC) verdict of lifting the ban on nine variants of the fast food asking the company to go for fresh tests. In a recent order, the NCDRC has sent 16 samples of Maggi noodles for further testing.

The company has challenged this order passed by the NCDRC in a fresh petition.

Nestle India Ltd is one the biggest players in FMCG segment in India. It has a presence in milk & nutrition, beverages, prepared dishes & cooking aids & chocolate & confectionery segments. The company's net profit during the third quarter slumped 60% to Rs 1.24 billion on a YoY basis. This was because the company was severely hit by absence of its popular brand Maggi noodles. Net sales fell 32.1% YoY to Rs 17.42 billion. In addition to loss of sales from the business disruption, net sales worth Rs 153 million were reversed during the quarter in relation to Maggi noodles stock being withdrawn from the market. Here is our detailed analysis of the results (subscription required).

Banking stocks ended the day on a positive note with ICICI Bank and Kotak Mahindra Bank witnessing buying interest. As per a statement by the finance ministry, banks have opened 19.2 crore accounts under the government's ambitious financial inclusion scheme of Jan Dhan Yojana with deposit of more than Rs 268 billion. The ministry regarding this said that RuPay cards have been issued to 165 million customers and that two lakh accounts are opened every day. However, the statement noted that zero balance accounts in PMJDY have declined from 76% in September 2014 to 36.5% in November 2015.

Furthermore, banks have disbursed Rs 459 billion as on November 2015 under the Pradhan Mantri Mudra Yojana (PMMY). The statement stated that this has benefited 66 lakh borrowers. The government has set a target of Rs 1.22 lakh crore for loans to be given by banks to promote new entrepreneurs under this scheme.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers