Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s volatile session in the red. The NSE Nifty 50 sank 91.85 points or 0.49% to 18,634.55 and the BSE Sensex plunged 294.32 points or 0.47% to 62,848.64. In sectoral indices, Bank Nifty tanked 280.05 points or 0.63% to 43,995.25, Nifty Auto fell 0.86%, Nifty IT tumbled 1.12%, Nifty Pharma plunged 1.03% and Nifty Realty sank 1.59%. The top gainers on Nifty 50 were NTPC, JSW Steel, ONGC, Power Grid and Larsen & Toubro while the losers were Grasim, Kotak Bank, Sun Pharma, Tata Consumer and Tech Mahindra.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
The NSE Nifty 50 plunged 91.85 points or 0.49% to 18,634.55 and the BSE Sensex tumbled 294.32 points or 0.47% to 62,848.64.
HDFC Bank, Paytm, ICICI Bank, Reliance Industries Ltd (RIL), Tata Motors, Adani Enterprises, SBIN and Suzlon were the most active stocks on NSE.
In sectoral indices, Bank Nifty rose 52.85 points or 0.12% to 44,328.15, Nifty Financial Services was up 0.18% and Nifty Metal jumped 0.80% while Nifty Auto fell 0.45%, Nifty FMCG dipped 0.69%, Nifty IT tumbled 0.80% and Nifty Realty tanked 1.19%.
All the broader market indices were in red; Nifty Next 50 fell 0.43%, Nifty Smallcap 100 was down 0.42%, Nifty Midcap Select plunged 0.49% and Nifty Total Market dipped 0.15%.
BEML Land Assets, D. P. Abhushan, GSS Infotech, NIIT, United Drilling Tools, Praxis Home Retail, Siti Networks and Sintex Plastics were among 10 stocks that hit 52-week lows.
Anant Raj, Apollo Pipes, Apollo Tyres, Aurobindo Pharma, Avalon Technologies, Bajaj Auto, Bcl Industries, Mrs Bectors Food Specialities, Britannia Industries, Capacit’e Infraprojects, Cera Sanitaryware, Cholamandalam Investment and Finance Company, Cholamandalam Financial Holdings, Cords Cable Industries, Dalmia Bharat, Dreamfolks Services, EIH Associated Hotels, Glenmark Pharmaceuticals, Globus Spirits, Glenmark Life Sciences, Godrej Consumer Products, Greenlam Industries, Hindustan Aeronautics, HEG, Hero MotoCorp, InterGlobe Aviation, IndusInd Bank, Iris Clothings, IZMO, JBM Auto, JITF Infralogistics, Jindal Poly Investment and Finance Company, JSW Ispat Special Products, Jupiter Wagons, Kaynes Technology India, KEI Industries, Krsnaa Diagnostics, L&T Finance Holdings, Lorenzini Apparels, Lumax Industries, Mahindra CIE Automotive, Man Infraconstruction, Mazagon Dock Shipbuilders, Murudeshwar Ceramics, NAVA, Nestle India, Neuland Laboratories, Narayana Hrudayalaya Ltd., NINtec Systems, NLC India, NTPC, Olectra Greentech, Patel Engineering, Power Finance Corporation, PI Industries, PNB Housing Finance, Poonawalla Fincorp, Pressman Advertising, Prestige Estates Projects, Prime Securities, REC, Repco Home Finance, Rane (Madras), R Systems International, Safari Industries (India), Sahyadri Industries, Sandhar Technologies, Sanghvi Movers, Sanofi India, Sansera Engineering, Sarda Energy & Minerals, Shivalik Bimetal Controls, Servotech Power Systems, SKM Egg Products Export (India), Stylam Industries, Sundaram Finance, Supreme Industries, Swaraj Engines, Tata Communications, Tata Motors, Texmaco Rail & Engineering, Thomas Scott (India), Titan Company, Torrent Power, Trent, Titagarh Wagons, UltraTech Cement, Vardhman Polytex, Wendt (India), Zen Technologies and Zomato were among 102 stocks that hit 52-week highs.
Ortin Laboratories, Tips Films, Williamson Magor & Company, Alembic Pharmaceuticals, Hatsun Agro Product, Reliance Home Finance, Ritco Logistics, Bannari Amman Spinning Mills, Art Nirman, Jindal Poly Films, S.E. Power, Hindprakash Industries, LGB Forge, Sambhaav Media, GATI, Raj Rayon Industries, Essar Shipping, DB (International) Stock Brokers, Sirca Paints India, B.A.G Films and Media, Tata Teleservices (Maharashtra) and JBM Auto were the volume gainers.
JSW Steel, NTPC, Power Grid, ONGC, Larsen & Toubro, Hero Motocorp, Bajaj Auto, HDFC, Cipla and SBIN were the top gainers while Grasim, Sun Pharma, Apollo Hospital, Tech Mahindra, Kotak Bank, Mahindra & Mahindra, BPCL and Tata Consumer were the top losers.
"RBI pause stance augurs well for our investment themes of housing and capex/infra sectors. Fresh loan rates are already easing from March peak by around 20+bp, as per RBI data, which should help demand auto and housing," said Pramod Amthe, Head Of Institutional Equity Research, InCred Capital.
Nifty Smallcap 50 fell 43.55 points or 0.91% to 4,767.80. The top losers were Suzlon Energy, Route Mobile, Rail Vikas Nigam, Latent View Analytics and KPIT Technologies while the gainers were Graphite India, Radico Khaitan, Jubilant Ingrevia, CDSL and Cyient.
NSE Nifty 50 turned red and slipped below 18700. The top losers were Grasim, Eicher Motors, BPCL, Kotak Bank and Sun Pharma while the gainers were NTPC, JSW Steel, Power Grid, ONGC and Larsen & Toubro.
Bank Nifty turned flat, trading at 44,263.90. The top losers were Kotak Bank, IDFC First Bank, Bandhan Bank, Axis Bank and PNB while the gainers were ICICI Bank, Federal Bank, HDFC Bank, IndusInd Bank and SBIN.
Nifty Auto plunged 135.30 points or 0.91% to 14,684.15. The top losers were TVS Motors, Eicher Motors, Mahindra & Mahindra, Tube Investments of India and Tata Motors while Bharat Forge, Ashok Leyland, Samvardhana Motherson International Bajaj Auto were the gainers.
Nifty IT tumbled 208.45 points or 0.72% to 28,705.25. All the constituents were trading in red with Persistent Systems, LTIM, MPhasis, LTTS and Coforge leading losses.
Nifty Realty tanked 8.60 points or 1.70% to 497.70. The top losers were DLF, Godrej Properties, Macrotech Developers, Oberoi Realty and Brigade Enterprises while the gainers were Prestige Estates Projects and Mahindra Lifespace Developers.
"As expected, the repo rate has rightly been left unchanged, given that the past rate hikes of 250 basis points since May 2022 have taken effect and the CPI lies within the inflation tolerance bands of RBI. However, given the global geo-political uncertainties, RBI will continue to wait and watch. A very balanced approach by RBI,” said Vivek Iyer- Partner and leader, Financial services risk, at Grant Thornton Bharat.
Nifty Auto index traded with mild cuts, down 0.1%, despite the RBI Monetary Policy Committee maintaining the repo rate at 6.5% instead of hiking it. However constituents Eicher Motors, TVS Motors and M&M traded in the red, with losses up to 1.3%, dragging the index. On the other hand, Sona BLW Precision Forgings, Hero MotoCorp and Ashok Leyland share prices saw gains of up to 1.7%.
Banking and NBFC stocks jumped today after RBI MPC kept the key lending rate unchanged for the second time after CPI inflation remained under the RBI tolerance band of 2-6%. Bank Nifty jumped 130.95 points or 0.30% to 44,406.25 and Nifty Financial Services (Fin Nifty) gained 47.45 points or 0.24% to 19,585.55. Nifty PSU Bank rose 24.85 points or 0.61% to 4,121.75. AU Bank, Federal Bank, IndusInd Bank, Punjab & Sind Bank, UCO Bank and Central Bank gained today. On Fin Nifty, ICICI Prudential Life Insurance, Indian Energy Exchange, HDFC and HDFC Bank were the top gainers.
Bank Nifty recovers 231 points from the day's low of 44,206 to 44,437.
Nifty Auto declined marginally to 14,810.75. The top losers were Eicher Motors, TVS Motors and Mahindra & Mahindra while the gainers were Sona BLW Precision Forgings, Hero Motocorp and Samvardhana Motherson International.
As the RBI MPC keeps the country's key lending rate unchanged, here's a look at Bank Nifty and the performance of its constituents.
Nifty Realty fell 3 points or 0.59% to 503.30. The top losers were Lodha, Brigade and DLF while the gainers were Prestige and Indiabulls Real Estate.
System liquidity could rise on deposit of Rs 2000 notes, said RBI Guv Das.
RBI MPC Update: Previous rate hikes in repo rate, totaling 250 bps since May 2022 are still working through the system, said RBI Guv Das.
Bank Nifty jumped 147.30 points or 0.33% to 44,422.60. The top gainers were AU Bank, Federal Bank, and IndusInd Bank while the losers were Kotak Bank and Axis Bank.
RBI MPC Update: Reserve Bank of India MPC votes 5:1 to maintain 'Withdrawal of Accommodation' stance.
RBI MPC Update: Reserve Bank of India keeps repo rate unchanged at 6.5%
Nifty 50 rose 20.25 points or 0.11% to 18,746. The top gainers were NTPC, JSW Steel, Power Grid, and ONGC while the losers were Kotak Bank, Eicher Motors and BPCL.
Gold rate is trading flat on Thursday, while the silver rate is up 0.17%. On Multi Commodity Exchange, gold August futures were trading at Rs 59,483 per 10 grams, down Rs 20 or 0.03%. Silver July futures were trading higher by Rs 120 at Rs 71,845 per kg on MCX.
Wipro share price fell 0.45% to Rs 401 after the company launched a private 5G-as-a-Service solution in partnership with Cisco. Customers can integrate private 5G with their existing LAN/WAN/Cloud infrastructure.