Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark equity indices have opened in green amidst positive global cues. The NSE Nifty 50 opened at 20,156.45, up 53 points, while the BSE Sensex at 67,659.91, up 140.91 points.
The broad indices traded largely in green. The Bank Nifty opened higher by over 100 points. The other sector indices traded broadly in green.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
It's a day of fresh milestones on Dalal Street. The Sensex hit a fresh intra-day and 52-week high of 67,927 before closing at 67,838, up 300 points. The Nifty closed at 20,192 after climbing up above 20,200 intra-day. The broader markets too ended in the positive zone and the market breadth was evenly poised.
The party continued across sectoral indices too. The Nifty Auto Index ended up 1.5% while tech added 1% plus gains.
Nifty hits fresh highs above 20,200 led by auto, telecom and technology. Grasim up nearly 2%, Jefferies has put a Buy rating on Grasim after it unveiled new paint brand- Opus with price target of Rs 2270. The company sees 17% upside potential.
Bajaj Auto, Mahindra & Mahindra, Hero MotoCorp, Grasim Industires and Eicher Motors were among the top gainers on the NSE Nifty 50 during the intraday trade on Friday.
Vodafone Idea, JP Power, Yes Bank, UCO Bank, and RattanIndia Power were among the most active stocks on the NSE during the intraday trade on Friday.
The stock price of Mazagon Dock Shipbuilders surged over 6% to 2,231.95 during the intraday trade on Friday.
The stock price of Hero MotoCorp surged over 2% during the intraday trade on Friday.
The Nifty Realty index tumbled 0.90% during the intraday trade on Friday. Sobha and Prestige Estates were the top losers, with respective losses of 2.38% and 1.83%. DLF, Godrej Properties, Macrotech Developers, and Indiabulls Real Estate were the other laggards with losses of over 1%.
The share price of Bajaj Auto surged over 5% to a new all-time high of Rs 4,995.10 during the intraday trade on Friday.
The Nifty Auto index surged by over 1% during intraday trading on Friday. The gains were led by Bajaj Auto at 4.86% and Hero MotoCorp at 2.32%. Tube Investments of India, Tata Motors, and Ashok Leyland were the other leading gainers, each with gains of over 1%.
The stock price of Bajaj Auto soared above 4% during the early trade on Friday as the indices hit a fresh all-time high.
Benchmark indices hit new all-time highs during the early trade on Friday. The Nifty 50 hit a new all-time high of 20,173.15, while the BSE Sensex also joined the rally and hit a fresh all-time high of 67,774.46.
The NSE Nifty 50 opened at 20,156.45, up 53 points, while the BSE Sensex is at 67,659.91, up 140.91 points.
"Considering the US yields, strength in the US economy and a firmer Dollar, gold is looking pricey now, though scare of stagflation in Europe is lending some support, due to which the metal is seeing good dip buying near $1900 psychological support, a breach of which can take it to $1885/$1865. Resistance is at $1915/$1932. Outlook is turning bearish," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
“The USDINR 26 September futures contract traded in a tight range. Looking at the technical set-up, MACD is showing positive divergence and the pair is sustaining above 82.95 levels. As per the daily technical chart a pair is having support at 82.90-82.70 while resistance is placed at 83.22-83.40. The pair crossed its crucial resistance level of 82.95 and if it continues to sustain above this level, it could see further strength towards 83.22-83.40 with support being placed at 82.90-82.70. We suggest buying in the pair above 82.95 with a stop loss of 82.70 for the target of 83.22-83.40,” said Rahul Kalantri, VP Commodities, Mehta Equities.
“Positive opening could be seen in local indices owing to optimism across the global equities, as fear of recession appears bleak after the recent policy measures by central banks across key economies. However, intra-day volatility will continue given the uncertainty around global markets. As long as the Nifty is trading above 20,000, the bullish sentiment is likely to continue, with a potential rally till 20,200-20,250-20,300," Shrikant Chouhan, Head of Research (Retail), Kotak Securities.
The NSE has added Balrampur Chini Mills, BHEL, Zee Entertainment Enterprises, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, National Aluminium Company, REC and SAIL to its F&O ban list for September 15, 2023.
Foreign institutional investors (FII) bought shares worth net Rs 294.69 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 50.80 crore on September 14, 2023, according to the provisional data available on the NSE.
On intraday charts, the market is holding a higher bottom formation which indicates that the uptrend wave is likely to continue in the near future. As long as the Nifty is trading above the 20,000 mark the positive sentiment is likely to continue till 20,180-20,225 levels. On the flip side, below 20,000, the selling pressure could accelerate and drag the index up to 19,920 - 19,900,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.
The producer price index for final demand rose 0.7% last month, the largest gain since June 2022, the Labor Department said on Thursday. Data for July was revised slightly up to show the PPI advancing 0.4% instead of the previously reported 0.3%,” according to Reuters.
Wall Street ended higher on Thursday, September 14, 2023. The tech-heavy Nasdaq Composite gained 0.81% to 13,926.05. The Dow Jones Industrial Average surged 331.58 points, or 0.96%, to 34,907.51, while the S&P 500 soared 0.84% to 4,505.17 points.