Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices concluded the last trading session of the week in green. The NSE Nifty 50 advanced 46.35 points or 0.25% to 18,534.10 and the BSE Sensex increased 118.57 points or 0.19% to 62,547.11. In sectoral indices, Bank Nifty surged 147.65 points or 0.34% to 43,937.85, Nifty Auto gained 0.92%, Nifty Metal jumped 1.22% and Nifty Realty surged 1.42% while Nifty IT fell 0.40%. The top gainers on the Nifty 50 were Hindalco, HeroMotocorp, Apollo Hospitals, Tata Steel and Maruti Suzuki while the losers were Adani Enterprises, BPCL, HDFC Life, TCS and Wipro.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Benchmark indices NSE Nifty 50 and BSE Sensex concluded the last trading session of the week in positive territory. “This week the Indian market was volatile, however, it was able to regain momentum led by a positive domestic outlook accompanied by global cues. Auto stocks garnered attention as sales numbers for May came in strong, with a sequential recovery boosting sentiment across the sector. The hope that the Fed will refrain from a rate hike has provided comfort to the global equity market,” said Vinod Nair, Head of Research at Geojit Financial Services.
The NSE Nifty 50 climbed 46.35 points or 0.25% to 18,534.10 and the BSE Sensex jumped 118.57 points or 0.19% to 62,547.11.
Tainwala Chemical and Plastic (I), Paras Defence and Space Technologies, Graphite India, Nureca, Indian Hume Pipe Company, Autoline Industries, Ganga Forging, HEG, The Hi-Tech Gears, Aurum PropTech, Hemisphere Properties India, Manaksia Aluminium Company, Gyscoal Alloys, Nandani Creation, Nuvoco Vistas Corporation, R.P.P. Infra Projects, Sastasundar, Ventures, Creative Newtech, Murudeshwar Ceramics, Cyient and Hardwyn India were among the volume gainers.
Edelweiss Financial Services, Hexa Tradex, Lagnam Spintex Limited Lexus Granito (India), Power & Instrumentation (Gujarat), Sheetal Cool Products, Future Enterprises, Godha Cab Insulat Ltd-RE, Goenka Diamond and Jewels, Siti Networks, Sintex Plastics Technology and Suumaya Industries were among the 13 stocks that hit 52-week lows.
3M India, Aditya Birla Capital, Action Construction Equipment, Andhra Cements, Anant Raj, The Anup Engineering, Apollo Hospitals Enterprise, Asian Hotels (North), Aurionpro Solutions, Aurobindo Pharma, Avalon Technologies, Bajaj Auto, Brand Concepts, Bharat Dynamics, Beardsell, Bhansali Engineering Polymers, Bharat Wire Ropes, Birla Corporation, Britannia Industries, CCL Products (India), Choice International, Cigniti Technologies, Coforge, Control Print, Craftsman Automation, CRISIL, Cyient, Datamatics Global Services, Delta Corp, Dev Information Technology, DLF, EIH, Electrosteel Castings, eMudhra, EPL, Foods & Inns, Force Motors, Foseco India, Geekay Wires, Globus Spirits, Gravita India, Hardwyn India, Hariom Pipe Industries, Hindware Home Innovation, The Hi-Tech Gears, Housing & Urban Development Corporation, Indo Count Industries, IFGL Refractories, The Indian Hotels Company, Indo Tech Transformers, ITD Cementation India, IZMO, JITF Infralogistics, KDDL, KEI Industries, Kirloskar Brothers, KPIT Technologies, L&T Finance Holdings, Linc, Lumax Auto Technologies, Mahindra & Mahindra Financial Services, Maharashtra Seamless, Manaksia, Mankind Pharma, Manorama Industries, Metro Brands, Minda Corporation, Mold-Tek Technologies, NBCC (India), NCC, Newgen Software Technologies, Narayana Hrudayalaya, Nucleus Software Exports, Onward Technologies, ShreeOswal Seeds And Chemicals, Pavna Industries, Persistent Systems, Power Finance Corporation, Procter & Gamble Health, Polycab India, Power Mech Projects, REC, Repro India, Revathi Equipment, RPP Infra Projects, R Systems International, Saksoft, Salzer Electronics, Sandhar Technologies, Sanghvi Movers, Sanofi India, Satin Creditcare Network, Schneider Electric Infrastructure, Servotech Power Systems, Shanthi Gears, Shreyans Industries, Star Cement, Sundram Fasteners, Swaraj Engines, Syngene International, Talbros Automotive Components, Tata Motors, TD Power Systems, Thangamayil Jewellery, Titan Company, Trent, Transformers And Rectifiers (India), Titagarh Wagons, Vascon Engineers, Venus Pipes & Tubes, VA Tech Wabag, Walchandnagar Industries, Windlas Biotech, Wonderla Holidays, Zensar Technologies and Zen Technologies were among the 125 stocks that hit 52-week high.
Apollo Hospitals, HeroMotocorp, Hindalco, Tata Steel, JSW Steel, Mahindra & Mahindra, Maruti Suzuki and Dr Reddy’s Laboratories were the gainers while Adani Enterprises, BPCL, HDFC Life, TCS, Eicher Motors, HCL Tech, Divis Lab and Wipro were the losers.
Reliance Industries Ltd, Adani Enterprises, HDFC Bank, Infosys, Zomato, ICICI Bank, Axis Bank, HDFC, Cyient and Coal India.
In sectoral indices, Bank Nifty climbed 116.65 points or 0.27% to 43,906.85, Nifty Auto rose 99.05 points or 0.69% to 14,356.05, Nifty Metal jumped 74.35 points or 1.26% to 5,958.55 and Nifty Realty surged 7.45 points or 1.54% to 491.45.
The volatility index, India VIX fell 4.16% to 11.12.
The NSE Nifty 50 rose 30.40 points or 0.16% to 18,518.15 and BSE Sensex gained 87.64 points or 0.14% to 62,516.18.
Renowned investment strategist Christopher Wood of Jefferies has initiated investment in AU Small Finance, assigning it a 3% weightage, and has removed CAMS (Computer Age Management Services) from his portfolio, revealed the latest GREED & Fear note. As a result, the lending sector’s weighting in the portfolio has jumped to 35%. Last month, Chris Wood added Zomato to his three long-only portfolios and SBI Life Insurance to one. Further, he removed HDFC Life and Standard Chartered, and reduced investments in JD.com and Alibaba.
NSE Nifty 50 rose 58.85 points or 0.32% to 18,546.60 and BSE Sensex jumped 200.21 points or 0.32% to 62,628.75. The top gainers on Nifty 50 were HeroMotocorp, Hindalco, Apollo Hospitals, Mahindra & Mahindra and Dr Reddy’s Laboratories while the losers were Adani Enterprises, Eicher Motors, Divis Lab, HCL Tech and TCS.
Bank Nifty jumped 240.55 points or 0.55% to 44,030.75. The top gainers were PNB, IndusInd Bank, Bank of Baroda, Federal Bank and State Bank of India while the sole loser was Bandhan Bank.
The momentum that is building up in the share markets will continue to strengthen, giving investors reason to have a bullish outlook on the domestic stock market, said Viraj Gandhi, CEO, SAMCO MF.
Nifty IT fell 72 points or 0.24% to 29,374.15. The top losers were HCL Tech, TCS and Wipro while the gainers were MPhasis, LTTS, Coforge, Persistent System and LTIM.
Gold futures again have climbed above $1950 on optimism of a rate pause during the next upcoming FOMC meet. On Tuesday markets were pricing in a 60% chance of another 25-basis-point hike versus a 40% chance of a pause while on Thursday 70% chance of a pause against a 40% chance of a rate hike. The U-turn came on the back of some of the Fed member’s remarks stating Fed will look into the oncoming economic data before taking further decisions.
Benchmark indices turned flat, slipping below the crucial levels. The NSE Nifty was trading at 18,483.85 and BSE Sensex at 62,417.05. Bank Nifty fell below 43850.
Nifty PSU Bank jumped 36.90 points or 0.91% to 4,090.50. The top gainers were Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, Punjab National Bank and India Bank while there were no losers.
“Sellers dominated the proceedings yesterday on anticipated lines, with the early upside attempts being turned lower precisely from the 18585 region. However, the catchment area of 18530-430 continued to absorb the bear attack, allowing bulls to regroup, yet again. We hope to stay above 18480, in which case, the upside objective of 18750 will come into play. Alternatively, while we have a high opinion above 18430, slippage past 18480 again could immensely raise the prospects of an extended drop towards 18100-17800. This is not the favoured view though, for now,” said Anand James, Chief Market Strategist at Geojit Financial Services.
“A dominant economic trend which has implications for investment in India’s improving economic fundamentals in a challenging global environment. Apart from the better-than-expected FY23 GDP growth rate, high-frequency indicators like GST collections, manufacturing PMI, auto sales in May and impressive credit growth indicate a robust and steadily improving economy. FY24 GDP growth is likely to be revised up to around 6.5% and consequently, corporate earnings for FY24 also will be revised up. This scenario, in the context of inflation (4.7% in April) coming within RBI’s tolerance limit and peaking of interest rates, augurs well for equity markets in H2 of CY2023. An important trend in the market is the outperformance of the broader market. Expect lots of stock-specific action even within the range-bound movement of the Nifty,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
MOIL share price soared 2.92% to Rs 163.70 after the company registered record May production, a growth of 43% on-year. The firm produced 1.53 lakh tonnes of manganese ore in May 2023.
Hero Motocorp share price surged 2.66% to Rs 2875.55 after the company sold 519,474 units in May 2023, clocking an on-year growth of 7% over the corresponding month of May 2022, when the company had sold 486,704 units.
UNO Minda share price jumped 1.71% to Rs 564.55 after the company completed the sale of a 26% stake held in Minda Nexgentech to Pioneer Finest at a total consideration of Rs 2.08 crore.
Aditya Birla Capital share price jumped 1.43% to Rs 174.15 and Grasim share price rose 0.92% to Rs 1717 after the board of Aditya Birla Capital approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity. Aditya Birla Group flagship Grasim Industries will invest Rs 1,000 crore, while Surya Kiran Investments, another group entity, will invest Rs 250 crore in the preferential issue.
Coal India share price fell 0.52% to Rs 229.35 today. The Coal India disinvestment bid received an overwhelming response yesterday, as the OFS was oversubscribed 346% by institutional investors. As a result, the government plans to exercise the green shoe option of divesting an additional 1.5% stake today, a portion of which will be open to retail investors. Despite the positive response to the OFS, Coal India share price tanked 4.4% in trade to Rs 230 apiece on Thursday.
Nifty Realty jumped 6.65 points or 1.37% to 490.65. The top gainers were Sobha, Godrej Properties, DLF, The Phoenix Mills and Mahindra Lifespace Developers while the losers were Brigade Enterprises and Macrotech Developers (LODHA).
Bank Nifty jumped 229.05 points or 0.52% to 44,019.25. The top gainers were Kotak Bank, Axis Bank, ICICI Bank, PNB and IDFC First Bank while the sole loser was Bandhan Bank.
The NSE Nifty 50 gained 70.40 points or 0.38% to 18,558.15 and BSE Sensex soared 213.8 points or 0.34% to 62,642.34.
Benchmark indices ended the pre-opening session in the green. The NSE Nifty 50 rose 63.10 points or 0.34% to 18,550.85 and BSE Sensex jumped 173.43 points or 0.28% to 62,601.97.
“The market is likely to open marginally higher on June 2 as the SGX Nifty indicates a positive start for the broader index, with a gain of 70.5 points. After a strong rebound in US markets, Indian markets are ready to open with a gap on the higher side. The View remains positive as we can witness strong momentum in mid-cap and small-cap stocks. The rally on the higher side will continue in the markets and the running corrections will be a buying opportunity. The strong support is placed near 18300 and hence it should be a stop loss on a closing basis,” said Deven Mehata, Equity Research Analyst at Choice Broking.