Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Friday’s trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73. The broader indices ended largely in mixed, with gains led by Healthcare and FMCG stocks. Bank Nifty index dropped 577.60 points or 1.31% to settle at 43,583.95. Smallcap and Midcap stocks gained among the other sectoral indices while Healthcare, Banking and Financial Services stocks shed. SBI Life Insurance, Apollo Hospitals,HDFC Life Insurance, L&T, and Tata Consumer Products, were the top gainers on the NSE Nifty 50, while the laggers State Bank Of India, Axis Bank, ONGC, BPCL, and Bajaj Finace. The Indian Volatility Index (India VIX) closed up by 1.54 %.
Bank Nifty index added as much as 310.45 points or 0.75% to settle at 44,201.70 on Wednesday. “Bank Nifty exhibited a predominantly sideways movement subsequent to a gap-up commencement. Nevertheless, the index has consistently maintained its position above the crucial moving average on the daily chart, indicating a positive trend. Key support is situated at 44,000, and the sentiment is expected to stay optimistic as long as it remains above this level. On the upside, there is a potential movement towards 44,750,” said Rupak De, Senior Technical analyst at LKP Securities.
Shares in the Asia-Pacific region are trading in the red on Friday morning. The Asia Dow is trading down 0.18%, Japan’s Nikkei 225 is flat, down 0.01%, Hong Kong’s Hang Seng index is trading down 1.36% and the benchmark Chinese index Shanghai Composite is down 0.71%.
WTI crude prices are trading at $72.81 down 0.12%, while Brent crude prices are trading at $77.32 down 0.13%, on Friday morning.
Foreign institutional investors (FII) purchased shares worth net Rs 975.25 crore, while domestic institutional investors (DII) added shares worth net Rs 705.65 crore on November 16, 2023, according to the provisional data available on the NSE.
The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average (.DJI) ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts, reported Reuters. The tech-heavy Nasdaq Composite gained 5.90 points or 0.04% at 14,109.73. The S&P 500 added 5.56 points or 0.12% at 4,508.24, while the Dow Jones Industrial Average dipped 45.47 points or 0.13% to 34,945.47.