Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Wednesday’s session in the green territory despite unfavourable global cues. The NSE Nifty 50 rose 49.15% or 0.27% to 18,315.1 and BSE Sensex surged 178.87 points or 0.29% to 61,940.2. In sectoral indices, Bank Nifty climbed 132.9 points or 0.31% to 43,331.05 and Nifty PSU Bank tanked 42.5 points or 1.06% to 3,959.3. The top gainers on Nifty 50 were IndusInd Bank, HDFC Life, Power Grid, Tata Motors and BPCL while the losers were UPL, Dr Reddy, Infosys, Hindalco and Sun Pharma.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
NSE Nifty 50 failed to attract fresh buying above 18300 and slipped to close flat for the day. Fresh longs only if it sustains above 18300. Short below18200. First support at 18230 and then 18200 while resistance at 18300 and 18340, according to Rahul Sharma, JM Financial.
The National Stock Exchange has Canara Bank, Manappuram Finance, BHEL and GNFC securities on its F&O ban list for 10 May. According to the NSE, stocks are prohibited in the F&O sector when 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 that stock.
Foreign institutional investors (FII) bought shares worth net Rs 1,942.19 crore, while domestic institutional investors (DII) purchased shares worth net Rs 404.7 crore on May 9, according to the provisional data available on the NSE.
Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve‘s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate (WTI) crude dipped 20 cents to $73.51, paring gains from the previous session.
The US market ended the overnight session deeply in red – Dow Jones Industrial Average (DJIA) fell 0.17%, S&P 500 plunged 0.46% and the tech-heavy Nasdaq tumbled 0.63%.
Asian markets were trading in red – Hong Kong’s Hang Seng fell 0.48%, China’s Shanghai Composite tanked 0.85%, South Korea’s KOSPI dipped 0.04% and Japan’s Nikkei 225 plunged 0.44% on Wednesday.
The Nifty futures on the Singapore Exchange (SGX) were trading 34.5 points or 0.19% higher at 18,345.5 in today’s early morning trade.