Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices NSE Nifty and BSE Sensex regained from day’s lows, however still closed in the red. Nifty closed below the 18,000 mark but regained 100 points from the day’s low. Sensex added over 300 points from its intraday low to settle at 60,353, while Bank Nifty lost 350 points in today’s session. The broader markets closed mixed, as Nifty Next 50 settled 0.69% higher while Nifty 50 closed 0.28% down on the weekly F&O expiry. Sectorally, Nifty Auto and Nifty FMCG gained 1.16% and 1.55% but Nifty Financial Services shed 1.18% and Nifty IT ended 0.5% lower. Bajaj Finance and Bajaj Finserv were Nifty 50’s top laggards on Thursday.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 5 January
Crude oil fell by more than 5% or $4 per barrel on Wednesday, posting the steepest percentage loss in the first two trading days of any year for over three decades, as investors worried about fuel demand as the global economy slows and Covid-19 cases grow in China. Brent futures settled at $77.84 a barrel, falling $4.26, or 5.2%. US crude settled at $72.84 a barrel, shedding $4.09, or 5.3%.
Foreign institutional investors (FII) sold shares worth Rs 2,620.89 crore, while domestic institutional investors (DII) bought shares worth Rs 773.58 crore on January 4, as per provisional data available on the NSE.
The National Stock Exchange has not added any stock under its F&O ban list for 5 January. Securities thus banned under the F&O segment include companies where derivative contracts have crossed 95% of the market-wide position limit.
“A long bear candle was formed on the daily chart that indicates downside breakout of the recent sideways range movement in the market. After the downside breakout of ascending trend line support on 23rd Dec, the market showed gradual pullback rally in the next 6-7 sessions and broken down from the highs on Wednesday from near the resistance of said up trend line.
The short term trend of Nifty seems to have reversed down after a small pull back rally. Further weakness from here could take Nifty down to the recent swing low of 17775 levels in the short term. Any pull back rally could find resistance around 18150 levels.”
– Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Minutes of the Fed’s December policy meeting released overnight showed that while officials agreed that the central bank should slow the pace of its aggressive interest rate increases, they remained focused on curbing inflation, and were worried about any “misperception” in financial markets that their commitment was flagging, according Reuters.
Following the US markets’ cues, Asia-Pacific stocks also rose. Hong Kong’s Hang Seng rose 1.39%, while the Shanghai Composite and Japan’s Nikkei 225 gained 0.69% and 0.52% respectively.
The hawkish US Fed rhetoric buoyed the global market’s sentiments as Wall Street ended with gains on Wednesday. The Dow Jones Industrial Average added 0.40%, while the Nasdaq Composite and S&P 500 closed 0.69% and 0.75% higher respectively.