Indian equity benchmarks erased their initial gains and were trading with minor cut in morning deals, led by losses in Auto, Capital Goods and Consumer Discretionary stocks. Traders remain concerned even as the National Statistical Office (NSO) in its a periodic labour force survey has showed that unemployment rate for persons of age 15 years and above in urban areas dipped to 9.8 per cent in July-September 2021 from 13.2 per cent in the same quarter of the previous year. Traders took a note of report that NITI Aayog sought to dispel the fear that India is favouring a closed economy by promoting Atmanirbhar mission, and said the country can achieve better results for its people by having a deeper engagement with the global supply and value chain. Sectorally, stocks related to power industry remained in watch as Power Minister RK Singh stated that total outstanding dues owed by electricity distribution companies (discoms) to power producers stood at Rs 1 lakh crore at the end of February 2022. The outstanding amount of the discoms becomes overdue after 45 days of raising the bill for supply of power by gencos. 

On the global front, Asian markets are trading mostly in green following a rally on Wall Street led by technology companies, although investors remain concerned about the war in Ukraine and inflation. Investors were also closely watching what might happen with President Joe Biden joining a NATO meeting and EU Summit Thursday in Europe, where sanctions and the Russian oil embargo will likely top the agenda.

The BSE Sensex is currently trading at 57954.15, down by 35.15 points or 0.06% after trading in a range of 57949.31 and 58416.56. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.30%, while Small cap index was up by 0.34%.

The top gaining sectoral indices on the BSE were Utilities up by 1.22%, Power up by 1.09%, Healthcare up by 0.85%, Metal up by 0.61% and Oil & Gas up by 0.33%, while Auto down by 0.87%, Capital Goods down by 0.33%, Consumer Discretionary down by 0.26%, TECK down by 0.12% and Bankex down by 0.08% were the top losing indices on BSE.

The top gainers on the Sensex were Dr. Reddy's Lab up by 2.60%, Tech Mahindra up by 0.82%, ITC up by 0.78%, HCL Technologies up by 0.74% and Tata Steel up by 0.66%. On the flip side, Bharti Airtel down by 1.92%, Maruti Suzuki down by 1.59%, Asian Paints down by 1.15%, Kotak Mahindra Bank down by 0.98% and HDFC down by 0.83% were the top losers.

Meanwhile, the National Statistical Office (NSO) in its a periodic labour force survey has showed that unemployment rate for persons of age 15 years and above in urban areas dipped to 9.8 per cent in July-September 2021 from 13.2 per cent in the same quarter of the previous year. The joblessness was high in July-September in 2020 mainly due to the staggered impact of lockdown restrictions in the country which were imposed to curb the spread of deadly coronavirus.

The unemployment rate for persons of age 15 years and above in April-June 2021 was 12.6 per cent in urban areas. It also showed that unemployment rate among females (age 15 years and above) in urban areas declined to 11.6 per cent in July-September 2021 from 15.8 per cent a year ago. It was 14.3 per cent in April-June 2021. Among males, the unemployment rate in urban area also dipped to 9.3 per cent in July-September 2021 compared to 12.6 per cent a year ago. It was 12.2 per cent in April-June 2021.

Besides, it showed labour force participation rate in CWS (current weekly status) in urban areas for persons of 15 years of age and above was 46.9 per cent in the July-September quarter of 2021, down from from 47.2 per cent in the same period a year ago. It was 46.8 per cent in April-June 2021. Labour force refers to the part of the population which supplies or offers to supply labour for pursuing economic activities for the production of goods and services and therefore, includes both employed and unemployed persons.

The CNX Nifty is currently trading at 17315.25, down by 0.25 points after trading in a range of 17302.85 and 17442.40. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Lab up by 2.70%, Hindalco up by 2.28%, Divi's Lab up by 1.74%, JSW Steel up by 1.03% and Tech Mahindra up by 0.76%. On the flip side, Hero MotoCorp down by 2.04%, Coal India down by 1.94%, Bharti Airtel down by 1.89%, Britannia Industries down by 1.60% and Maruti Suzuki down by 1.58% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 787.22 points or 2.89% to 28,011.33, Hang Seng increased 378.48 points or 1.73% to 22,267.76, Taiwan Weighted strengthened 103.25 points or 0.59% to 17,662.96, Straits Times advanced 17.76 points or 0.53% to 3,367.93 and KOSPI rose 16.84 points or 0.62% to 2,726.84.

On the flip side, Shanghai Composite declined 4.54 points or 0.14% to 3,255.32 and Jakarta Composite lost 12.31 points or 0.18% to 6,988.51.

Some of the big shares will play very important in stock market, find below few leading
shares with current price, so keep eyes on that shares.

 

HDFC bank share price - 1,487.55
ITC Share Price - 251.75 INR
SBI share price - 493.95
DLF share price - 359.15
Tata Steel Share Price - 1,296.20