Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices ended flat on Tuesday. The NSE Nifty 50 settled at 18,599 and BSE Sensex at 62,792.88. In sectoral indices, Bank Nifty rose 62.90 points or 0.14% to 44,164.55, Nifty Auto jumped 159.25 points or 1.09% to 14,729.50 and Nifty Realty surged 5.85 points or 1.19% to 498.40 while Nifty IT tanked 549.70 points or 1.88% to 28,689.05. The top gainers on Nifty 50 were UltraTech Cement, Divis Lab, Kotak bank, Grasim and Tata Motors while the losers were Tech Mahindra, Infosys, TCS, Wipro and ONGC.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
NSE Nifty 50 has developed a cooling-off setup on the weekly chart which indicates a pause in momentum for the time being. However, the undertone is still bullish as Market Breadth Thurst indicator has improved significantly. Nifty intraday strategy: Bearish with stop loss at 18663 for the target of 18500. Positional view: Buy on the dip – Target: 19000. First support at 18583 and then 18500 while resistance at 18640 and 18663, according to Rahul Sharma, JM Financial.
The National Stock Exchange has Manappuram Finance, India Cements, Indiabulls Housing Finance securities on its F&O ban list for 6 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Foreign institutional investors (FII) sold shares worth a net Rs 701 crore, while domestic institutional investors (DII) bought shares worth a net Rs 1,195.98 crore on June 5, according to the provisional data available on the NSE.
“The equity market is maintaining stability due to a continuous stream of favourable domestic economic indicators. Stronger-than-expected domestic PMI figures, sequential growth in auto sales, and robust expansion in bank credit are instilling investor confidence in India’s growth prospects. On the other hand, the US jobs data presented a mixed picture, with non-farm payroll showing acceleration while the unemployment rate surged from 3.4% to 3.7% in May,” said Vinod Nair, Head of Research, Geojit Financial Services.
The SGX Nifty experienced a slight decline on Tuesday, indicating a slightly negative opening for the domestic indices NSE Nifty 50 and BSE Sensex. However, the previous day’s trading session concluded on a positive note, with Nifty 50 closing at 18,594, reflecting a gain of 0.32%, and Sensex reaching 62,787, up by 0.38% or 240 points.
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) fell 0.59%, S&P 500 dipped 0.20% and the tech-heavy Nasdaq was down 0.09%.
Asian markets were trading in mostly green – Hong Kong’s Hang Seng rose 0.23%, China’s Shanghai Composite index fell 0.30%, Asia Dow was up 0.21% and Japan’s Nikkei 225 rose 0.19%.
The Nifty futures on the Singapore Exchange (SGX) were trading 15 points or 0.08% lower at 18,709.5 in today’s early morning trade.