Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Friday’s session deeply in red. The NSE Nifty 50 sank 105.75 points or 0.56% to 18,665.50 and BSE Sensex tanked 259.52 points or 0.41% to 62,979.37. In sectoral indices, Bank Nifty fell 101.95 points or 0.23% to 43,622.90, Nifty Auto tumbled 1.03%, Nifty IT sank 0.89%, Nifty Metal plunged 2.48% and Nifty PSU Bank declined 1.18%. The top gainers on Nifty 50 were IndusInd Bank, Dr Reddy’s Laboratories, Asian Paints, Bharti Airtel and NTPC while the losers were Adani Enterprises, Adani Ports, BPCL, Hindalco and Divis Laboratories.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
“Thursday’s market pause indicates a potential decline towards key support levels, notably 18661 for Nifty. In the event of breaching this level, a substantial downward movement towards 18301 is anticipated,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
“Nifty’s breakout above 18888 is necessary to sustain the upward trend. Conversely, the low reached on Tuesday, around 18650, coincides with the 20EMA (Exponential Moving Average) and can be regarded as a significant support level. A breach below this level could trigger a breakdown of the Double Top pattern, potentially leading to further profit booking in the Nifty,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
The National Stock Exchange has RBL Bank, Hindustan Copper, Bharat Heavy Electricals (BHEL), L&T Finance Holdings, and Punjab National Bank securities on its F&O ban list for 23 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 80% 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) offloaded shares worth a net Rs 693.28 crore, while domestic institutional investors (DII) bought shares worth a net Rs 219.42 crore on June 22, according to the provisional data available on the NSE.
The US market ended the overnight session mostly in green – Dow Jones Industrial Average (DJIA) settled flat, S&P 500 rose 0.37% and the tech-heavy Nasdaq gained 0.95%.
Asian markets were trading broadly in red – Hong Kong’s Hang Seng tanked 1.48%, China’s Shanghai Composite Index tumbled 1.38%, South Korea’s KOSPI dipped 0.69%, Asia Dow sank 1.38% and Japan’s Nikkei 225 plunged 1.37%.
The Nifty futures on Singapore Exchanges (SGX) were trading 13 points or 0.07% lower at 18,818 in the early morning trade.
On Thursday, the benchmark indices had a volatile day of trade before closing in the red. Sensex hit a new high on open but quickly pared its gains to trade in the trade, settling 0.45% lower at 63,238.89. Nifty 50 gave up the 18,800 level to end at 18,771.25.
The SGX Nifty recorded a 0.05% loss during Friday’s early trading session, with a value of 18,822 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex.