Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices ended Monday’s volatile session in the red territory. The NSE Nifty 50 closed below 17,900 and the BSE Sensex after moving in the range of 59,963.83 and 60,586.77 settled above 60,000. The top gainers of the BSE Sensex were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%) and TCS (up 1.06%) while Axis Bank (down 2.26%), NTPC (down 1.16%), HDFC (down 1.03%), HDFC Bank (down 0.97%) and Mahindra & Mahindra (down 0.97%) were the losers.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Tech Mahindra, HCL Tech, Infosys, Wipro and TCS were the top Nifty 50 gainers while Adani Entreprises, Axis Bank, Hindalco, JSW Steel and Maruti were the top losers.
In the sectoral indices, Bank Nifty fell 0.48% and Nifty Metal dropped 1.32% while Nifty IT advanced 1.14%, and Nifty PSU Bank rose 1.57%.
The BSE Sensex fell 168.21 pts or 0.28% to close at 60,092.97 and the Nifty 50 dropped 61.75 pts or 0.34% to 17,894.85.
England’s FTSE100 was trading at 7,852.20, up 7.96 points or 0.10% at 2:55 PM (IST). Europe’s Euronext100 was down 1.65 points or 0.12% at 1,325.25. France’s CAC was trading 5.35 points or 0.08% lower at 7,018.15. Germany’s DAX was up 15 points or 0.10% at 15,100.98.
Asian markets concluded Monday’s session on a mixed note. China’s Shanghai Composite index ended 32.29 pts or 1.01% higher at 3,227.59 on Monday. Hong Kong’s Hang Seng climbed 8.06 pts or 0.04% to 21,746.72 while Japan’s Nikkei 225 fell 297.20 or 1.14% to 25,822.32.
Nifty PSU Bank was trading 1.84% higher at 4,358.65 compared to a 0.27% fall in NSE Nifty 50. All constituents of the PSU Bank index were in green with UCO Bank, Indian Overseas Bank, Bank of Maharashtra, Union Bank and Punjab & Sind Bank being the top performers.
Kotak Bank, HDFC Bank, Bajaj Finance, Reliance Industries Ltd (RIL), Infosys, TCS, Bajaj Finserv, Tata Steel, HCL Tech and Wipro were the top volume gainers on BSE.
Suryalakshmi Cotton Mills Ltd, Sula Vineyards Ltd, Just Dial Ltd, Banaras Beads Ltd, Touchwood Entertainment Ltd, Cambridge Technology Enterprises Ltd, RattanIndia Enterprises Ltd, Sarveshwar Foods Ltd, Kabra Extrusion Technik and Aarvee Denims & Exports Ltd were the top volume gainers on NSE.
Tech Mahindra, HCL Tech, TCS, Wipro, Infosys, UltraTech Cement, Bajaj Finance, Kotak Bank, State Bank of India (SBIN) and IndusInd Bank were the top gainers of Nifty while Adani Entreprises, Eicher Motors, NTPC, Axis Bank, Mahindra & Mahindra, Cipla, JSW Steel, Bharti Airtel, SBI Life and Apollo Hospital were the top losers.
Aastamangalam Finance Ltd, Abirami Financial Services Ltd, Arunjyoti Bio Ventures Ltd, Archean Chemical Industries Ltd and Active Clothing Co Ltd were among 112 stocks that hit 52-week highs. While Aarti Industries Ltd, Atlas Jewellery India Ltd, Assam Entrade Ltd, Aveer Foods Ltd and Binny Mills Ltd were among 38 stocks that hit 52-week lows.
On the NSE Nifty 42 stocks reached a 52-week high. Fourth Dimension Solutions Ltd, Archean Chemical Industries Ltd, Anand Rathi Wealth Ltd, Apollo Micro Systems Ltd and Arvind SmartSpaces Ltd were among those that hit highs. On the flip side, 27 stocks fell to a 52-week low. Aarti Industries Ltd, Carysil Ltd, Clariant Chemicals (India) Ltd, Gland Pharma Ltd and Hester Biosciences Ltd were among those that touched lows.
HDFC Bank, DMart, Punjab National Bank (PNB), Adani Green, Infosys, Reliance Industries Ltd (RIL), Adani Enterprises, TCS, Bajaj Finance and Axis Bank were the most active equities of NSE Nifty.
Most of the broader market indices were trading in negative territory with the Nifty 100 falling 0.20%, Nifty Midcap 50 dipping 0.27%, Nifty Largemidcap sinking 0.12% and Nifty Total Market plunging 0.16%.
“A major trend in the market in 2022 was the tug of war between FIIs and DIIs. The massive selling by FIIs was absorbed by DII buying. 2023 has begun on a similar note. Last week, FIIs sold equity for Rs 9605 crores in the cash market and this was easily absorbed by DII buying of Rs Rs 10042 crores. So long as the fundamentals of the economy and corporate earnings are good, FII selling is unlikely to impact the market significantly. India’s macros are stable and early Q3 results indicate good earnings growth. Q3 results of IT majors and HDFC Bank indicate that IT and banking are on a strong wicket. Some FIIs are shorting India and moving money to other markets like Taiwan, South Korea and Thailand, purely on valuation concerns. This trend is unlikely to last long. The dollar index dipping to 101.85 is positive for emerging market equity and India cannot be ignored for long.”- V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Just Dial shares were locked in the upper circuit rising 10% to Rs 643.65 after reporting a 288.4% on-year increase in consolidated profit at Rs 75.32 crore for the December FY23 quarter, driven by strong operating performance and topline. Revenue from operations grew by 39% on-year to Rs 221.4 crore for the quarter.
Avenue Supermart shares, the operator of DMart, fell over 6% to Rs 3627.00 after its quarterly report missed estimates. The company reported 6.7% on-year growth in consolidated profit at Rs 589.7 crore for the quarter ended December FY23 despite a healthy topline, impacted by weak operating margin performance. Revenue from operations grew by 25.5% on-year to Rs 11,569 crore during the quarter, while EBITDA increased by 11.4% to Rs 965.3 crore but margin fell 110 bps on-year to 8.3% for the quarter dented by higher input cost.
HDFC Bank shares gained over 1% to Rs 1,617 on NSE on Monday after the private lender reported a 19.9% jump in its consolidated net profit for the quarter ended December 2022. Beating market estimates, it reported a net profit of Rs 12,698 crore.
The top gainers of the Nifty were HDFC Bank, Bajaj Finserv, IndusInd Bank, Bajaj Finance and HDFC Life while JSW Steel, BPCL, ONGC, Coal India and Larsen & Toubro were the top losers.
The 30-share BSE benchmark rose 260.42 points or 0.43% to 60,521.60 and the NSE Nifty 50 rose 80.05 points or 0.45% to 18,036.65.
Foreign institutional investors (FII) sold shares worth a net Rs 2422.39 crore while domestic institutional investors (DII) bought shares worth a net Rs 1953.4 crore on Friday, January 13, 2023, according to the data available on NSE.
Indiabulls Housing Finance and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday, January 16.
“The Nifty, in the week gone by, witnessed sharp swings in both the directions & ultimately posted a positive weekly close. It has formed a Doji pattern on the weekly chart. For the last few weeks, the index is trading above the 20 WMA, which has resulted in a Triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, the Nifty witnessed a smart recovery on January 13. Going ahead, 18000-18050 will be the key area beyond which the index will be set for a larger up move. On the downside, 17800 will continue to provide cushion for the index.” – Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas
Wall Street stocks ended in green on Friday. The Dow Jones Industrial Average rose 0.33%, the S&P 500 gained 0.40%, and the Nasdaq Composite added 0.71%.
Markets in the Asia-Pacific traded mixed as expectations of cooled inflation in the US lifted investor sentiment in the region. Japan’s Nikkei 225 fell 1% and the Topix shed 0.61%. South Korea’s Kospi inched up 0.2% and the Kodaq gained 0.62%. Hong Kong’s Hang Seng index was flat while the Shanghai Composite in Mainland China rose 0.43% and the Shenzhen Component rose 0.66%.
Singapore Exchange (SGX) Nifty futures traded 20 pts higher at 18,058.5, signalling a positive opening for the Indian stock market.