Share Market Highlights: Nifty ends below 17950, Sensex tanks 600 pts, Bank Nifty falls 1%; HDFC Bank drags | The Financial Express

Share Market Highlights: Nifty ends below 17950, Sensex tanks 600 pts, Bank Nifty falls 1%; HDFC Bank drags

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices end in red. NSE Nifty 50 closed at 17,914 levels, down 187 pts or 1.03%, and BSE Sensex declined over 631 pts or 1.04% to close at 60,115.

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Overnight, Wall Street closed mixed. Dow Jones ended down 0.3%, while S&P 500 was down 0.1%. On the flip side, Nasdaq settled up by 0.6%.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Bears gripped Dalal Street amid tepid foreign flows and mixed global cues. NSE Nifty 50 closed at 17,914 levels, down 187 pts or 1.03%, and BSE Sensex declined over 631 pts or 1.04% to close at 60,115 levels. Broader markets, too, fell in line with the benchmarks as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5%. India VIX, the volatility gauge, meanwhile, surged over 5%. Barring Nifty Auto index, all sectors drowned in the sea of red. Nifty PSU Bank was the worst hit amongst all sectoral indices as it declined over 2%.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 10 January

15:35 (IST) 10 Jan 2023
Nifty, Sensex end in red

Benchmark indices ended lower with Sensex falling over 600 pts and Nifty settling below 17,950. The BSE midcap and smallcap indices fell 0.5 percent each.

14:45 (IST) 10 Jan 2023
Weakness in global markets trickles to Indian equities

Asian markets were mixed on Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time. Japan's Nikkei 225 was up 0.78%, while Hong Kong's Hang Seng was 0.43% lower.

14:44 (IST) 10 Jan 2023
FII selling drag indices

According to market watchers, today's sell-off could be led by FIIs who have sold Indian stocks worth over $1 billion so far this month. Even yesterday, FIIs sold Indian equities worth Rs 203 crore. The total foreign outflow so far in January is now at Rs 8,548 crore, shows NSDL data. Analysts say, with China reopening, a part of FII money could be shifting to emerging markets that are less expensive than India.

14:43 (IST) 10 Jan 2023
Hawkish Fed spooks D-St investors

Fears around the US Federal Reserve's rate hike trajectory came back to haunt investors as they digested hawkish comments from Fed officials overnight. San Francisco Fed President Mary Daly said she expects the central bank to boost interest rates above 5% to get inflation down. Atlanta Fed President Raphael Bostic said Fed should hike rates to above 5% by early in the second quarter and then go on hold for a long time.

14:19 (IST) 10 Jan 2023
Nifty, Sensex deep in red

Sensex is down 653.47 points or 1.08% at 60093.84, and the Nifty declined 207.60 points or 1.15% at 17893.60

13:55 (IST) 10 Jan 2023
Adani Group shares under pressure

Shares of Adani group companies were under pressure on Tuesday, falling up to 5% on the BSE, as the benchmark index fell over 1%. Adani Enterprises, Ambuja Cements, Adani Power, Adani Ports and Special Economic Zone (SEZ), Adani Wilmar, Adani Total Gas, ACC, Adani Green Energy and Adani Transmission fell in the range of 2 to 5% on the BSE. In comparison, the S&P BSE Sensex was trading lower by 1.2% at 60,047.

13:30 (IST) 10 Jan 2023
Tata Motors shares soar 7%

Shares of Tata Motors rallied nearly 7% to Rs 415.8 in Tuesday's trade after its global wholesales in Q3FY23 increased by 13% compared to Q3FY22. “The Tata Motors NSE 6.41 % Group global wholesales in Q3FY23, including Jaguar Land Rover, were at 3,22,556 units, higher by 13%, as compared to Q3FY22,” the company said in a BSE filing.

13:27 (IST) 10 Jan 2023
BSE 500 top gainers

Sona BLW Precision Wires up over 7% was the top gainer among the BSE 500 stocks. It was followed by Tata Motors, Tanla Platforms, Tata Motors-DVR and Vardhman Textile, up 3-6% each.

13:09 (IST) 10 Jan 2023
Nifty, Sensex extend losses

The Sensex was down 675.97 points or 1.11% at 60071.34, and the Nifty was down 201.50 points or 1.11% at 17899.70.

12:34 (IST) 10 Jan 2023
Realty stocks dip

BSE Realty index fell 0.4%, dragged by Indiabulls Real Estate, Oberoi Realty, Macrotech Developers

12:33 (IST) 10 Jan 2023
Asia shares fall on hawkish Fed remark

Asian shares fell on Tuesday, commodities shed recent gains from China's reopening, and oil traded lower following hawkish comments from two US Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17%.

12:06 (IST) 10 Jan 2023
Indian real estate market outlook

“In 2023, it is expected that there may be a few hikes in the repo rates in comparison to the last year. This might dampen homebuyers' spirits, particularly in the affordable housing segment. However, sentiments in the luxury market are expected to stay optimistic. It is believed that the Indian real estate market will be influenced by policy announcements and factors such as Tax structure along with the status of the industry during the upcoming Union Budget. Thus, being positive for the sector that has done well over the past couple of years.”

– Cyrus Mody, Founder & Managing Partner, Viceroy Properties LLP

11:39 (IST) 10 Jan 2023
Lupin up 2%

Lupin received receipt of approval from the Spanish Ministry of Health for the reimbursement of Lupin’s NaMuscla® (mexiletine) for the symptomatic

treatment of myotonia in adults with non-dystrophic myotonic disorders. The share has gained 2% on the back of this update, trading at Rs 764 on the BSE.

11:11 (IST) 10 Jan 2023
DB Realty rises 2%

NCLT approved Adani Goodhomes' resolution plan for Radius Estates, a JV partner of MIG (Bandra) Realtors & Builders, which is a subsidiary of DB Realty. Radius Estates and MIG are developing Project Ten BKC property in Mumbai. (ACM Group)

The share price of DB Realty soared 2% intraday, touching a high of Rs 90.9 before paring some gains.

10:47 (IST) 10 Jan 2023
Nifty, Bank Nifty support and resistance

For the day, support for the Nifty exists at 18000 and 17900 levels, whereas resistance for the Nifty stands at 18300 and 18400 levels. For the day, support for Bank Nifty exists at 42200 and 41850 levels, whereas resistance for Bank Nifty stands at 42800 and 43000 levels. – ACM Group

10:11 (IST) 10 Jan 2023
Nifty Outlook

Despite the volatility yesterday, the close above the 18,070 region has retained upside hopes, but with modesty targets of 18,240-320. Meanwhile, an early inability to float above the 18,040/18,000 region today, could initiate a breakdown towards 17,800.  

– Anand James, Chief Market Strategist at Geojit Financial Services

09:57 (IST) 10 Jan 2023
Nifty under 18000

As markets continue their downward spiral, Nifty gave up the 18,000 level by declining 122 points or 0.67% to trade at 17,979.

09:56 (IST) 10 Jan 2023
Derivative View

Nifty weekly contract has highest open interest at 18,300 for Calls and 18,000 for Puts while monthly contracts have highest open interest at 19,000 for Calls and 18,000 for Puts. Highest new OI addition was seen at 18,300 for Calls and 18,000 for Puts in weekly and at 20,000 for Calls and 18,000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 11.86%, increased future index shorts by -18.81% and in index options by -3.24% in Call longs, 7.02% in Call short, -9.40% in Put longs and 20.77% in Put shorts

– Anand James, Chief Market Strategist at Geojit Financial Services.

09:40 (IST) 10 Jan 2023
Tata Motors soars 5.6%

Amid a negative domestic market, Tata Motors outperformed to gain 5.6%, at Rs 411.20. The rise comes as the company reports that their global wholesales number in Q3FY23, including Jaguar Land Rover, was 3,22,556, higher by 13%, as compared to Q3FY22.

09:34 (IST) 10 Jan 2023
Indices fall 0.4%

After opening mild in red, Nifty and Sensex continued to extend losses, down 0.4% respectively. Nifty tumbled under the 18,050 level, down 81 points at 18,019 while Sensex lost 360 points, to trade at 60,387.

09:29 (IST) 10 Jan 2023
TCS down 2%

After posting muted Q3FY23 earnings on Monday, TCS has sunk almost 2% at open on Tuesday. The scrip dropped fell to Rs 3,254.4, down by Rs 65.

09:21 (IST) 10 Jan 2023
Markets at open

Indian benchmark equity indices NSE Nifty and BSE Sensex gave up Monday's gains and opened in the red. Nifty dropped 55 points, to trade at 18,046 while Sensex shed 200 points to trade at 60,546.

09:12 (IST) 10 Jan 2023
Nifty, Sensex close pre-open in green

Extending yesterday's gains, NSE Nifty and BSE Sensex close today's pre-open session mildly in the green. Nifty gained 0.1% to close at 18,121 while Sensex added 57 points to settle at 60,805.

08:50 (IST) 10 Jan 2023
Q3 Results today

Atharv Enterprises, Excel Realty N Infra, Gala Global Products, GI Engineering Solutions, Marsons, Quest Capital Markets, and Visagar Financial Services will be in focus ahead of quarterly earnings on January 10.

08:33 (IST) 10 Jan 2023
Nifty Options

In Nifty Options for Jan 12th Expiry, 337k Put contracts were added and 216k Call Contracts were reduced today. Highest Put OI is at 18000 strike (181k contracts) strike followed by 17800. Highest Call OI is at 18300 strike (143k contracts) followed by 18100.

08:20 (IST) 10 Jan 2023
Gold posted gains in 2022

“Gold posted a small gain in 2022; no mean feat given an unprecedented rise in rates and a strong US dollar. 2022 was a textbook example of gold’s stable and uncorrelated performance amid market turbulence. Weak institutional demand was offset by retail investment – driven by inflation and geopolitics – and central banks had an exceptional year of net buying,” said World Gold Council.

08:16 (IST) 10 Jan 2023
Nifty Technical View

“A long bull candle was formed on the daily chart, which indicates an upside bounce ion the market after a decline of few sessions. After the formation of lower tops and bottoms on the daily chart, Nifty seems to have formed a higher bottom on Friday at 17,795 levels. But this needs to be confirmed with follow-through upmove in the subsequent sessions. The present upside bounce could be a cheering factor for bulls to make a comeback,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

08:03 (IST) 10 Jan 2023
Stocks under F&O ban on NSE

The National Stock Exchange has kept Indiabulls Housing Finance and GNFC under its F&O ban list for 10 January. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in these stocks.

08:03 (IST) 10 Jan 2023
FIIs net sellers

Foreign institutional investors (FII) net sold shares worth Rs 203.13 crore, while domestic institutional investors (DII) net bought shares worth Rs 1,723.79 crore on 9 January, according to the provisional data available on the NSE.

08:02 (IST) 10 Jan 2023
Wall Street overnight

Overnight, Wall Street closed mixed, as the S&P 500 closed down 0.1%, erasing early gains and the Dow Jones Industrial Average closed lower by 0.3%. Investors are awaiting comments from Fed Chair Jerome Powell, who some strategists expect could say more time is needed to show inflation is under control.

First published on: 10-01-2023 at 08:00 IST