Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded broadly in green on Wednesday. The BSE Sensex rose 390.02 pts or 0.64% to close at 61,045.74 and the Nifty 50 climbed 112.05 pts or 0.62% to 18,165.35. In the sectoral indices, Bank Nifty rose 0.55%, Nifty IT advanced 0.41%, and Nifty Pharma increased 0.66%. The top gainers of the Nifty 50 were Hindalco, Tata Steel, Larsen & Toubro, UPL and Wipro while the top losers were Tata Motors, Adani Enterprises, HDFC Life, UltraTech Cement and BPCL.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights Wednesday, 18 January
The top gainers of the Nifty 50 were Hindalco, Tata Steel, Larsen & Toubro, UPL and Wipro while the top losers were Tata Motors, Adani Enterprises, HDFC Life, UltraTech Cement and BPCL.
Bank Nifty rose 0.55%, Nifty IT advanced 0.41%, and Nifty Pharma increased 0.66%.
The BSE Sensex rose 390.02 pts or 0.64% to close at 61,045.74 and the Nifty 50 climbed 112.05 pts or 0.62% to 18,165.35.
The majority of European stocks were trading higher on Wednesday. England’s FTSE100 was trading at 7,855.58, down 4.42 pts or 0.06% at 3:15 PM (IST). Europe’s Euronext100 was up 0.29 pts or 0.02% at 1,323.98. France’s CAC was trading 2.87 pts or 0.04% higher at 7,080.03. Germany’s DAX was down 18.65 pts or 0.12% at 15,168.42.
Bank Nifty slipped below 42500, trading 240 pts or 0.58% higher at 42,478.35 after touching an intraday high of 42,555.90. The index's top performers are HDFC Bank, Axis Bank, ICICI Bank, AU Bank and IDFC First Bank while Bank of Baroda, Punjab National Bank (PNB), Federal Bank, IndusInd Bank and Bandhan Bank were the top losers.
Delta corp shares were trading over 3% down at Rs 204.65 on BSE despite the company reporting a 20.5% on-year growth in consolidated profit at Rs 84.82 crore for the quarter ended December FY23, led by other income and operating revenue. Revenue from operations increased by 10.6% on-year to Rs 273.4 crore in Q3FY23.
Asian markets closed in the green territory on Wednesday. Japan’s Nikkei 225 rose 652.44 pts or 2.50% to 26,791.12, Hong Kong’s Hang Seng advanced 100.36 pts or 0.47% to 21,678.00 and China’s Shanghai Composite index ended flat, rising 0.16 pts to 3,224.41.
Infosys, TCS, Tata Steel, Reliance Industries Ltd (RIL), HDFC Bank, Larsen & Toubro, Kotak Bank, Bajaj Finance, State Bank of India and ITC were the volume toppers on BSE. Laxmi Cotspin Ltd, Agro Tech Foods Ltd, Umang Dairies Ltd, JTL Industries Ltd, TPL Plastech Ltd, Polyplex Corporation Ltd, Signet Industries Ltd, Grindwell Norton Ltd, ICICI Lombard General Insurance Company Ltd and Tips Films Ltd were the top volume gainers on NSE.
On BSE Senex, 105 stocks hit a 52-week high. Anand Rathi Wealth Ltd, Anant Raj Ltd, Asia Pack Ltd, B&B Triplewall Containers Ltd, Cospower Engineering Ltd, Edelweiss Financial Services Ltd, IDFC Ltd, Indiabulls Enterprises Ltd, Magnum Ventures Ltd and Vinny Overseas were among those that hit highs. Alternatively, Future Consumer Ltd, India Motor Part and Accessories, Newtime Infrastructure Ltd, Pfizer Ltd, Music Broadcast Ltd, Sintex Industries Ltd, SVS Ventures Ltd, Shilpa Medicare Ltd, Jaykay Entreprises Ltd and Indus Towers Ltd were among 33 stocks that touched 52-week lows.
On NSE Nifty, 30 stocks touched a 52-week high. Mrs Bectors Food Specialities Ltd, Bombay Super Hybrid Seeds Ltd, Edelweiss Financial Services Ltd, IDFC Ltd, Indiabulls Enterprises Ltd, Landmark Cars Ltd, Larsen & Toubro Ltd, TVS Electronics Ltd, Focus Lighting and Fixtures Ltd and JTL Industries Ltd were among those that highs. On the flip side, FSN E-Commerce Ventures Ltd (Nykaa), AGS Transact Technologies Ltd, ICDS Ltd, Indus Towers Ltd, Jindal Poly Films Ltd, Nureca Ltd, Natco Pharma Ltd, Krsnaa Diagnostics Ltd, Clariant Chemicals (India) Ltd and Quess Corp Ltd were among the 29 stocks that hit 52-week low.
Tata Steel, Hindalco, HDFC Bank, HDFC, Wipro, Britannia, ONGC, Grasim, UPL and Bharti Airtel were the top gainers while HDFC Life, Tata Motors, BPCL, Adani Entreprises, UltraTech Cement, Power Grid, Cipla, Nestle India, State Bank of India and Mahindra & Mahindra were the top losers.
HDFC Bank, Reliance Industries Ltd (RIL), Adani Entreprises, HDFC, Infosys, Nykaa, Tata Steel, ICICI Bank, State Bank of India and HCL Tech were the most active NSE equities.
All the broader market indices were trading in green except Nifty Next 50, which fell 0.20%. Nifty 100 was up 0.49%, Nifty Midcap 50 was up 0.53%, Nifty Smallcap 100 was up 0.17% and Nifty Total Market was trading 0.43% higher.
Sectoral indices were broadly trading in green with Bank Nifty rising 0.66% to 42,515.65, Nifty IT climbing 0.63% to 29,682.50, Nifty Metal up 1.16% to 6,872.15, Nifty Pharma up 0.46% to 12,705.55. On the flip side, Nifty PSU Bank fell 1.12% to 4,219.40.
“India’s outperformance in 2022 has been temporarily reversed in January 2023, to date, mainly due to FII outflows to other markets, mainly China. Consequently, Hang Seng and Shanghai Composite have appreciated by 9 percent and 4.4 percent respectively YTD while Nifty is down by around 0.3%. India’s current underperformance is likely to be temporary since India has the best growth and earnings prospects among large economies. However, concerns of a global slowdown this year and the possibility of FIIs again turning sellers at higher levels will cap the upside to the market in the near term. From now on Budget expectations also are likely to influence the market trend. IT stocks which have bounced back after the good Q3 results and high-quality banking and capital goods stocks along with RIL have the strength to support the market.” – V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
ICICI Lombard General Insurance Company shares fell 6% to Rs 1174.35 after the company recorded a 29% on-year fall in standalone profit at Rs 220.63 crore for the quarter ended December FY23. Net premium income grew by 4.3% on-year to Rs 9,464.5 crore in Q3FY23.
Tata Metaliks shares rose 1.81% to Rs 847.75 after the Tata Group company reported a profit of Rs 9.48 crore for the December FY23 quarter, falling 74% on-year, dented by weak operating performance. Input cost and finance cost hit the bottom line. However, revenue from operations grew by 14.5% on-year to Rs 790.23 crore for the quarter.
A long bullish candle on daily charts and higher bottom formation on intraday charts indicates further uptrend from the current levels. For the trend-following traders now, 17,950 and 60,300 would act as a strong support zone for Nifty and Sensex respectively. Above these levels, the index could move up to 18,100-18,200 and 61,000-61,200 respectively. On the other side, below 17,950 and 60,300 levels, uptrend would be vulnerable. Below the same, Nifty could slip till 17900-17850 and Sensex may drop to 60,100-60,000.
The top gainers of the Nifty 50 were Tata Steel, Hindalco, SBI Life, HCL Tech and UPL while the top losers were HDFC Life, Mahindra & Mahindra, ICICI Bank, BPCL and Cipla were the top losers.
The BSE Sensex rose 37.15 pts or 0.06% to 60,692.87 and the NSE Nifty 50 rose 2.20 pts or 0.01% to 18,055.50.
Indices ended pre-open marginally in green on Wednesday. The BSE Sensex rose 60 pts or 0.10% to 60,716.03 and NSE nifty 50 climbed 21 pts or 0.12% to 18,074.30.
Foreign institutional investors (FII) bought shares worth a net Rs 211.06 crore while domestic institutional investors (DII) purchased shares worth a net Rs 90.81 crore on Tuesday, January 17, 2023, according to the data available on NSE. For the month till January 17, FII sold shares worth a net Rs 17,958.61 crore while DII bought shares worth a net Rs 13,575.43 crore.
Delta Corp, Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), L&T Finance Holdings and Manappuram Finance Ltd are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday, January 18.
“Nifty remained volatile throughout the day before closing on a strong note on Tuesday. On the daily chart, the benchmark Nifty has given a falling wedge breakout, suggesting a rise in optimism. The RSI momentum indicator has indicated a falling trendline breakout. The current technical setup suggests near-term strength, which may take the Nifty towards 18250–18270. On the lower end, support is visible at 17850.” – Rupak De, Senior Technical Analyst at LKP Securities.
The US markets concluded Tuesday’s session on a mixed note. The Dow Jones Industrial Average (DJIA) crashed 1.14% or 391.76 pts to 33,910.85, the S&P 500 fell 8.12 pts or 0.20% to 3,990.97 while the tech-heavy Nasdaq rose 15.96 pts or 0.14% to 11,095.11.
Asian markets were trading in green with Japan’s Nikkei 225 rising 145.11 pts or 0.45% to 26,283.79, China’s Shanghai Composite index climbing 5.45 pts or 0.17% to 3,229.69 and Hong Kong’s Hang Seng advanced 55.80 pts or 0.25% to 21,633.44.