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Through its affiliate Sequoia Capital India Investments IV, the venture capital firm sold 20,00,000 shares

US stocks open lower ahead of services sector data

Updated at : 2022-12-05 21:35:03

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The Dow Jones Industrial Average fell 94.1 points, or 0.27%, at the open to 34335.73

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Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points. Following are the stocks that were in the limelight:

Tata Motors, BPCL among Ambit’s biggest downgrades

Updated at : 2022-12-05 18:25:03

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We will have a high base in the second half in terms of the raw material cost, so YoY, things will start looking better on the margin front. So staples valuations again are not a big concern now as it was a couple of years back when relative to market they were really expensive but I would say that FMCG is somewhere in the middle. We have a neutral kind of call. It is not too compelling on valuations.

The index has to hold above 18,600 zone for an up move towards 18,881-19,000 zone, whereas supports are placed at 18,550 and 18,442 zones, said Chandan Taparia of Motilal Oswal.

Piramal Enterprises, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 21390.23 Crore) operating in Diversified sector.

In the Sensex pack, Reliance, Tech Mahindra, UltraTech Cement, Dr Reddys Lab, Axis Bank, Bharti Airtel and Bajaj Finserv were among the top losers

Stock market update: Nifty Auto index falls 0.3%

Updated at : 2022-12-05 17:30:03

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The Nifty Auto index closed 0.3 per cent down at 13007.55.

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