Market HIGHLIGHTS: Sensex settles 114 points higher, Nifty ends just above 9,100; ITC shares surge over 7%

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Updated: May 21, 2020 4:43:28 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Out of 30 Sensex shares, 16 stocks finished their trade in positive territory. ITC was the top index gainer with a growth of 6.26 per cent

Share Market Today, Share Market LiveNifty Auto and Nifty FMCG were top sectoral gainers, up 2.61 per cent and 2.19 per cent, respectively

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 climbed off their respective day’s high levels in the fag end of the Thursday’s session. The 30-share Sensex settled 1140 points or 0.37 per cent higher to end at 30,932, while the broader Nifty 50 index ended just above 9,100-level. Out of 30 Sensex shares, 16 stocks finished their trade in positive territory. ITC was the top index gainer with a growth of 6.26 per cent. The FMCG giant was followed by Asian Paints, Hero MotoCorp, Maruti Suzuki and Bajaj-Auto. On the flip side, the biggest losers on Sensex were NTPC, IndusInd Bank, Bajaj Finance, HDFC and Axis Bank. Most of the sectoral indices ended with upticks in today’s session. Nifty Auto and Nifty FMCG were top sectoral gainers, up 2.61 per cent and 2.19 per cent, respectively. While, Nifty Bank index was down over half a per cent dragged by losses in Bandhan Bank, IndusInd Bank and IDFC First Bank.

Domestic rating agency Icra on Wednesday warned of a deep recession as it drastically lowered the FY21 growth forecast for India to minus 5 per cent, citing the very modest fiscal support, an extension of the nationwide lockdown and looming labour shortage, according to PTI.

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    14:52 (IST)21 May 2020
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    14:42 (IST)21 May 2020
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    Check live prices: IndiGo

    14:02 (IST)21 May 2020
    We expect appreciation in crude oil prices in short term

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    13:57 (IST)21 May 2020
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    Check live prices: ITC

    13:39 (IST)21 May 2020
    Sensex, Nifty extend gains, up over 1%

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    Check live Sensex, Nifty levels

    13:01 (IST)21 May 2020
    Alibaba, Baidu, Chinese firms under attack in US: Law passed to delist Chinese companies from stock exchanges

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    13:00 (IST)21 May 2020
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    11:58 (IST)21 May 2020
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    11:23 (IST)21 May 2020
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    11:03 (IST)21 May 2020
    RIL-Rights Entitlement soars over RIL share price. Check live how much you may gain from rights issue

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    09:54 (IST)21 May 2020
    Gold eased a bit in the early trade as equities gained on hopes for a swift recovery from coronavirus-led economic slump

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    09:48 (IST)21 May 2020
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    09:45 (IST)21 May 2020
    RIL rights issue are robust which is currently limiting the losses in the USDINR pair

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    09:43 (IST)21 May 2020
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    09:42 (IST)21 May 2020
    Bajaj Auto share price advances 5.56%

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    Check live prices: Bajaj-Auto

    09:38 (IST)21 May 2020
    Nifty IT only sectoral loser

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    InterGlobe Aviation share price zooms over 8%

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    Check live prices: IndiGo

    09:30 (IST)21 May 2020
    IRCTC share price hits 5% upper circuit

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    Check live prices: IRCTC

    09:28 (IST)21 May 2020
    Sensex, Nifty opens higher on Thursday

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    Check live Sensex, Nifty levels

    08:57 (IST)21 May 2020
    Nifty set to open flattish to negative on the back of mixed bag global market

    Nifty set to open flattish to negative on the back of mixed bag global market. The US futures are trading in the red while Asian markets are a mixed bag. As option data suggest, the major premium is involved in 9000 strikes in case of active put and 9200 in case of an active call for weekly expiry. Nifty max OI has seen in 8800 PE and 9300 CE in weekly expiry. Long unwinding was seen in OTM PE below 8600 and short recovery till 9200 strikes. Whereas, call side, short recovery in ITM below 9000 strikes. Long built-up saw in 9050, 9150 strikes. Short Built-up above 9250 strikes. Major OI shifted to 9300. So, the weekly expiry range will be 9000-9200 levels. As market volatility is on the higher side one should stick with hedge potion in case of future and option. Whereas, the traders should prefer intraday trades: Vishal Wagh, Head of Research, Bonanza Portfolio Ltd

    08:48 (IST)21 May 2020
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    Read full story

    08:19 (IST)21 May 2020
    Traders can use intraday decline to create long positions on weekly expiry day

    Going ahead, we expect the Nifty to continue this upward trajectory towards 9150 – 9220 levels. On the flipside, 9000 – 8932 would now provide a decent support for the market. Traders can use intraday decline to create long positions on weekly expiry day: Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking)

    08:17 (IST)21 May 2020
    Short term trend seems to have turned up

    The short term trend seems to have turned up, but near term negative set up is still intact. As long as the upper area of 9150-9180 is protected, we are unlikely to see any sustainable upmove above the resistance. Immediate support is placed around 8850-8800: Nagaraj Shetti, Technical Research Analyst, HDFC Securities

    08:16 (IST)21 May 2020
    In near term, volatility is likely to continue amidst mixed cues from domestic, global market

    In the near term, the volatility is likely to continue amidst mixed cues from domestic and global market. Investors will closely monitor the development of coronavirus cases and vaccines, quarterly results, US-China relationship, crude oil prices movements and economic policies. Technically, if Nifty manages to hold above 9150 levels, then we may see a bounce towards 9300 - 9350 zone. On the flipside, support is placed at 8888 then 8800 and 8500 zone: Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd

    08:13 (IST)21 May 2020
    US stocks gain in overnight trade

    In overnight trade on Wednesday, US stocks edged higher. The Dow Jones Industrial Average rose 1.52% to end at 24,575.9 points, while the S&P 500 gained 1.67%, to 2,971.61. The Nasdaq Composite climbed 2.08% to 9,375.78.

    08:13 (IST)21 May 2020
    Asian stock markets edge higher

    Asian stock market inched higher on Thursday as investors monitored the reopening of economies amid novel coronavirus. In Japan, the Nikkei gained 0.29%, the Topix index also added 0.18%. South Korea’s Kospi also advanced 0.42%. Overall, the MSCI Asia ex-Japan index traded 0.09% higher.

    08:13 (IST)21 May 2020
    Sensex, Nifty on Wednesday

    The 30-share Sensex jumped 622 points or 2.06 per cent to 30,818.61, while the broader Nifty 50 index surged 187 points or 2.11 per cent to close the session at 9,066.

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