Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic markets closed with losses for the second day straight. S&P BSE Sensex ended 337 points lower at 45,564 while the Nifty 50 index was down at 14,906. Among the top drags on Sensex were ONGC, Sun Pharma, and Power Grid. Mahindra & Mahindra, IndusInd Bank, and Titan were the top gainers. Metal stocks were down along with banking names. HDFC Bank, ICICI Bank, and Axis Bank all closed with losses. Broader markets mirrored the fall, except some smallcap indices. India VIX, inched higher but closed below 20 levels.
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Highlights
For the second day straight, domestic stock markets closed with losses on the weekly expiry. S&P BSE Sensex ended 337 points lower at 49,564 while the Nifty 50 index was at 14,906 on the closing bell. Index heavyweights such as HDFC Bank, ICICI Bank, and Reliance Industries Ltd were among the top contributors to the day’s losses. Metal stocks were also among the drags. Only the Nifty PSU Bank index and the Nifty Realty index closed with gains. India VIX, the volatility gauge, was inched higher on Thursday and closed the day with gains.
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Sensex and Nifty closed in the red for the second day straight today. Nifty gave up 15,000 on closing bell, Broader markets followed.
"S&P BSE small cap index hits the highs of 23,093 up by 120% in the last 1 year and almost 200% from the lows of April 2020. Small caps stocks heavily impacted during the covid sell off in April 2020, from their large caps are the first one who has started showing the strength and then Nifty hits the all time high and crosses the 15,400 mark but the midcaps & small caps have not participated in the initial bull run. Now in the last 2-3 months we have seen a bull run in madcap as well as small caps stock. The main reason for the bull run in small cap is that the premium gap between large cap and small cap hit the lowest in the month of February 2021. In small cap many stocks are trading at higher side of their last 10-year valuations but some of the stocks are trading at attractive valuation like LT foods. We suggest retail investors to be cautious on small cap stock as we expect it time to be stock specific rather than index oriented. We have a buy call on LT food with target price of ?125.
~ Yash Gupta Equity Research Associate, Angel Broking
Sensex traded 350 points lower ahead of the closing bell. Nifty is at 14,900. Index heavyweights such as HDFC Bank, ICICI Bank, and Relaince Industries are the biggest contributors to the fall.
Sensex is down more than 300 points while the Nifty 50 index is nearing 14,900.
Titan Company Ltd, other touted as ace investor Rakesh Jhunjhunwala's favourite stock is up 0.60% on Thursday. The stock is trading at Rs 1,530.95 apiece while broader markets are down in the negative.
While the Nifty 50 index is down in the red, Nifty Next 50 is up 0.13% on Thursday afternoon. Nifty Smallcap 250 and Smallcap 400 are also inching higher while other indices on NSE were trading with losses.
Sensex was down over 150 points with an hour to go before today's closing bell. Nifty was below 15,000 mark. Metal stocks are among some of the laggards, followed by bank stocks.
Mahindra & Mahindra, IndusInd Bank, Titan Company, and Larsen & Toubro were the top Sensex gainers at this hour.
Sensex and Nifty are down with marginal losses at this hour. Sensex is below 49,900 while the Nifty 50 is hovering around the 15,000 mark.
When you throw a stone in a shallow lake, you can cause large ripples and disturb its peace and tranquillity. However, when you throw a stone in a deep lake, you cause just a few ripples and barely disturb it. External shocks, like the COVID-19 pandemic and its consequent impact on economic activity, are stones that can cause ripples in your portfolio. They engender uncertainty and can lead to extreme market volatility. In the backdrop of such an environment, there will inevitably be ripples in your portfolio. However, the impact and extent of these ripples will be dictated by the depth and resilience of your portfolio.
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Auto sector stocks have been under pressure since February this year, receding after having gained significantly in 2020. Although the second wave of covid-19 continues to remain an overhang on the sector, most stocks have held key supports, according to ICICI Direct. Going ahead, the brokerage expects the automobiles space to resume its uptrend, it said in a recent note. “The Auto Index has also generated a breakout above a falling channel containing last three month’s corrective decline indicating resumption of up move,” the report said. Demand for personal vehicles and commercial vehicles are expected to rise in the coming years.
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"The Nifty is facing resistance at higher levels and is unable to get past the 15150 levels comfortably. If we can manage to do so, we can achieve levels closer to 15400. If we drift downwards and break 14700 which is a good support level, we will go down to 14400. These are trying times and require a lot of patience," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.
Gold prices were trading lower in India on Thursday, as international spot prices were flat and hovering a more than four-month high, on a firmer dollar and rise in US Treasury yields. On Multi Commodity Exchange, gold June futures were trading Rs 150 or 0.31 per cent down at Rs 48,524 per 10 gram. In the previous session, it ended at Rs 48,674. Silver July futures were also trading weak, down Rs 300 or 0.41 per cent at Rs 72,076 per kg, as against the previous close of Rs 72,374 per kg.
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Sensex and Nifty were trading volatile on Thursday morning. Sensex gave up all opening gains and was trading flat. Nifty was just above 15,000.
Sensex moved into the red, giving up all opening gains. Nifty too was moving lower, giving up 15,000 mark.
Sensex regained 50,000 on the opening bell on Thursday. Nifty 50 index was above 15,050. Titan, Larsen & Toubro, ICICI Bank, and Infosys were among the top gainers.
Sensex gave up initial gains to sit just below 50,000 during the pre-open session. Nifty was at 15,042.
Sensex and Nifty were trading volatile on Thursday morning, moving between gains and losses.
'Indian Benchmark Indices are expected to open on a flat note on account of global cues. US closed lower in the last three trading sessions on a highly volatile market. Dow Jones slipped half percent but recovered over 300 points from the intra-day low. Nasdaq Composite ended flat (recovers from intra-day low), boosted by late-day gains in tech stocks including Facebook Inc. The official statement from FOMC minutes meeting was cautiously optimistic about the U.S. recovery. At its worst moment, Bitcoin and other cryptocurrencies held double-digit percentage losses as the statement given by the People’s Bank of China reiterating that digital currency can’t be used as a form of payment. Both FIIs and DIIs were net sellers Rs698cr and Rs853cr in yesterday session. Key companies announcing their quarterly results today includes Bosch, Havells India, Zee Entertainment Enterprises, HPCL, Torrent Power, JK Lakshmi Cement, KNR Constructions etc. Immediate support and resistance for Nifty 50 are 14,800 and 15,200 respectively,' said Mohit Nigam, Head PMS, Hem Securities.
Sensex regained 50,000 mark during the pre-open session while the Nifty 50 index was just shy of 15,000.
Nifty futures slipped in red after trading in the positive territory in the early trade on Thursday, and were trading flat to negative at 15,040.80 on Singaporean Exchange. Investors will keep a close eye on corporate results, crude oil price, and the rupee’s trajectory against US dollar, along with Covid and vaccine-related newsflow. Weekly options expiry is also likely to cause volatility today.
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BSE-listed companies such as Zee Entertainment Enterprises, HPCL, Brookfield India Real Estate Trust REIT, Torrent Power, JK Lakshmi Cement, KNR Constructions, Relaxo Footwears, Response Informatics, Sterling Webnet, The Investment Trust Of India, Disa India, Electrosteel Castings, Ultramarine & Pigments, Usha Martin, and Virat Industries, among others will announce quarterly earnings on May 20.
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'Long unwinding in the Nifty and Bank Nifty futures, Call writing at 15,100-15,200 levels and Short build-up by FII’s in the Stock future segment indicates that one should be cautious for the market. Therefore, our advice is to remain captious till nifty closes above 15,100 level. On the lower side support is seen around 14,900-14,800 levels where Calls have been written. In the Bank Nifty our advice is to remain cautious till bank nifty closes above 34,000. On the lower side, support is seen in the vicinity of 33,000 levels,' said HDFC Securities.
"Technically, Nifty has to hold above 14,950-15,000 zones to witness an up move towards 15,200 then 15,350 zones while on the downside support exists at 14,900 and 14,800 zones. India VIX moved up marginally by 0.40% from 19.24 to 19.31 levels. India VIX needs to hold below 20 zones to extend the bullish market momentum," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
"Nifty finds support around 14,900 while 15,200 will act as resistance on the upside. Bank Nifty finds support around 33,400 while 34,000 will act as resistance," said IIFL Securities.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were left unchanged for the second day running today. So far this month, fuel prices have been increased 10 times. Petrol in Delhi today costs Rs 92.85 per litre, while diesel in the capital city costs Rs 83.51 litre today. Petrol price in Delhi has been increased by Rs 2.45 so far in May, while diesel price has surged Rs 2.78 per lire. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.
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On the daily chart, the Nifty continues to hold above a rising trend line that has held the important lows of the last few months. This implies that the index remains in an intermediate uptrend. The Nifty has also recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50 day SMA, which gives further evidence of an uptrend.
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SGX Nifty was up 14 points on Thursday morning, hinting at a flat to negative start for the day's trade. Asian peers were largely in the negative.
Wednesday, 19 May 2021 was one of those heart-stopping moments for investors in cryptocurrencies. Bitcoin, Ethereum, Dogecoin, XRP, almost all cryptocurrencies crashed on the back of news about China banning financial payment institutions from providing cryptocurrency services.
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Around a day since China banned its financial and payment service providers from offering cryptocurrency services, Bitcoin tumbled to $31,663 on Wednesday evening – lowest since January 28, 2021. But the decline wasn’t just in Bitcoin’s price and neither for just a day due to the ban. The last seven-day price graph of let’s say top 30 or 40 cryptos indicated that a majority of them have been gradually declining including Ethereum, Binance Coin, Dogecoin, Cardano, Polkadot, Internet Computer, Bitcoin Cash, Uniswap, Litecoin, and more, as per the data from CoinMarketCap. In terms of the total market cap of 9,944 coins in existence, the value had contracted 38 per cent from $2.5 trillion on May 12 to $1.5 trillion at the time of filing this report.
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