Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Wednesday’s session broadly in green with benchmark indices hitting fresh all-time highs during the day. The NSE Nifty 50 surged 154.70 points or 0.82% to 18,972.10 and BSE Sensex soared 499.39 points or 0.79% to 63,915.42. In sectoral indices, Bank Nifty gained 206.30 points or 0.47% to 44,327.80, Nifty Auto rose 0.75%, Fin Nifty surged 0.54%, Nifty Metal soared 1.36% and Nifty Pharma skyrocketed 1.46%. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, JSW Steel, Bajaj Auto and Sun Pharma while the losers were HDFC Life, Tech Mahindra, Mahindra & Mahindra, Apollo Hospitals and HeroMotocorp.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s F&O expiry session broadly in green with Nifty 50 (19,011.25), Sensex (64050.44), Bank Nifty (44,508.40) and Nifty Financial Services (19,954.90) hitting fresh all-time highs during the day. “In light of Prime Minister Modi’s successful visits to Australia, the United States, and Egypt, it is evident that these trips mark the beginning of a transformative period for the Indian economy. The overwhelmingly positive response received during these visits is expected to have a profound impact on India’s global perception. This shift in mindset about India will likely attract substantial investments into the country, propelling economic growth to new heights. Furthermore, the recent milestone achieved by the Nifty, with its crossing of the 19,000 mark for the first time and a record-breaking closing, adds further optimism to the Indian market. The Nifty’s strong performance indicates growing investor confidence in the Indian economy and its potential for future growth,” said Rakeshh Mehta chairman of Mehta Equities Ltd.
The NSE Nifty 50 surged 154.70 points or 0.82% to 18,972.10 and BSE Sensex soared 499.39 points or 0.79% to 63,915.42.
IndiGo shares jumped over 3% to Rs 2621.55 today. The company’s market capitalization crossed Rs 1 lakh crore.
Banking stocks index Bank Nifty soared to a new record high, reaching 44,508.40 points, up nearly 1% or around 400 points. This index surpassed its previous peak of 44,498.60 points set on May 30, 2023. The surge reflects the ongoing momentum and positive sentiment surrounding the banking sector and general market sentiment as Nifty 50 also crossed the 19,000 mark in trade today. Nifty Bank constituents IndusInd Bank, IDFC First Bank, HDFC Bank, Axis Bank, SBI, ICICI Bank and AU Small Finance Bank are leading the gains, with IndusInd Bank soaring over 2%.
Bank Nifty jumped above 44500, hitting a new all time high today. The top gainers were IndusInd Bank, HDFC Bank, SBIN, Axis Bank and IDFC First Bank while the losers were Bandhan Bank, Federal Bank,, Bank of Baroda, PNB and Kotak Bank.
Adani Enterprises, Adani Green, HDFC Bank, ICICI Bank, HDFC, Reliance Industries Ltd (RIL), Adani Ports, Tata Motors, SBIN and Kotak Bank were the most active stocks on NSE.
In sectoral indices, Bank Nifty gained 239.30 points or 0.54% to 44,360.80, Nifty Auto rose 0.65%, Fin Nifty surged 0.71%, Nifty Metal soared 1.48% and Nifty Pharma skyrocketed 1.29%.
The volatility index, India VIX jumped 5.79% to 11.40.
Adani Enterprises, Adani Ports, JSW Steel, Tata Motors, Titan, NTPC, SBI Life, BPCL, Dr Reddy’s Laboratories and Larsen were the gainers while HeroMotocorp, HDFC Life and Wipro were the losers.
Bikaji Foods International, Kitex Garments, Bhartiya International, Automotive Stampings and Assemblies, Alphageo (India), Adani Green Energy, Universus Photo Imagings, NGL Fine-Chem, Premier Polyfilm, Sheela Foam, Dhunseri Tea & Industries, Windsor Machines, Dhunseri Ventures, The Grob Tea Company, Sree Rayalaseema Hi-Strength Hypo, Brightcom Group, DJ Mediaprint & Logistics, Prakash Pipes, Five-Star Business Finance, Sarla Performance Fibers, Zydus Wellness, The United Nilgiri Tea Estates Company, IFB Industries, Advanced Enzyme Technologies among volume gainers.
Power & Instrumentation (Gujarat), Aksh Optifibre, Cerebra Integrated Technologies, Paras Petrofils, Shree Ram Proteins, Suumaya Industries, TECIL Chemicals and Hydro Power, Tirupati Forge and Viji Finance were among 10 stocks that hit 52-week lows.
Aditya Birla Capital, ACE Action Construction Equipment, Abans Holdings, Anant Raj, Angel One, Apar Industries, Apollo Micro Systems, Arman Financial Services, Asian Energy Services, Aurobindo Pharma, Axiscades Technologies, Baid Finserv, BLS International Services, Bombay Dyeing & Mfg Company, Can Fin Homes, CMS Info Systems, Coforge, Delta Corp, Divgi Torqtransfer Systems, Dodla Dairy, D P Wires, Dr Reddy’s Laboratories, Dhunseri Ventures, Eldeco Housing And Industries, EPL, Everest Industries, Fertilizers and Chemicals Travancore, GeeCee Ventures, Genus Power Infrastructures, Global Vectra Helicorp, Godrej Properties, Gulshan Polyols, HBL Power Systems, Indo Count Industries, ICRA, IFGL Refractories, Indian Hume Pipe Company, InterGlobe Aviation, Jash Engineering, JBM Auto, Jindal Saw, JITF Infralogistics, JK Cement, JSW Steel, Jupiter Wagons, Kalyan Jewellers India, Kamdhenu Ventures, Keerti Knowledge and Skills, Kirloskar Industries, The Karnataka Bank, Landmark Cars, LG Balakrishnan & Bros, LTIMindtree, Lupin, Man Industries (India), M K Proteins, Muthoot Finance, Nilkamal, NTPC, OM Infra, Orchid Pharma, Parag Milk Foods, Patel Engineering, Power Finance Corporation, Prime Focus, Rane Holdings, Rane Brake Lining, Rane (Madras), S&S Power Switchgears, Sah Polymers, Sarda Energy & Minerals, Schneider Electric Infrastructure, Shakti Pumps (India), Shalby, Shanthi Gears, Shriram Pistons & Rings, Shyam Metalics and Energy, SJS Enterprises, SP Apparels, Steel Strips Wheels, Strides Pharma Science, Sundram Fasteners, Surya Roshni, Syrma SGS Technology, Talbros Automotive Components, Tata Motors, Texmaco Rail & Engineering, Thomas Scott (India), Time Technoplast, TIPS Industries, Titan Company, Torrent Pharmaceuticals, Trent, Transformers And Rectifiers (India), Venus Pipes & Tubes, Venus Remedies, V-Guard Industries, Wheels India, Windsor Machines, Yuken India, Zydus Lifesciences among 110 stocks to hit 52-week highs.
NSE Nifty 50 jumped 1% and hit 19,003.20 and BSE Sensex crossed the 64000 mark for the very first time. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, JSW Steel, Tata Motors and Titan while the losers were Hero Motocorp, HDFC Life, Kotak Bank and Wipro.
“Indian market hits fresh record high on the back of both global support as well as improved domestic economic data like easing inflation and anticipation of a pause in rate hikes by the Fed. Latest report by S&P which upgrades ratings on the Indian banking sector as the economy improves. The US also helped Asian markets by trading in a greener zone on the back of higher consumer confidence increasing to the highest level since the start of the last year along with increase in new home sales. However, the high market valuation continues to be a concern for the near-term. Investors can book some profits at record highs. Technically it looks nifty is heading towards 19,000/19200 levels for medium term with support near 18700 levels,” said Prashanth Tapse, Research Analyst, Mehta Equities Ltd.
The Nifty 50 and BSE Sensex made new all-time highs today with the NSE benchmark index now just shy of 19,000-mark. Adani Group stocks, and banking and financial stocks supported the rally after getting a boost from the merger updates from HDFC. Analysts attribute the overall surge in the market in recent days to positive economic data and continuous FII/DII inflow. Experts say that Nifty 50 will soon hit 19,000 and move towards the next important cluster of 19,250-19,500. Nifty’s previous 52-week high of 18,887.6 was hit on December 1, 2022, and it took the index 142 trading sessions to achieve the record. Sensex hit an all-time high of 63,716 today after hitting a high last week at 63,601.71.
India’s blue-chip Nifty 50 hit a record high on Wednesday after struggling to breach the level for several sessions, lifted by gains in Adani group stocks and heavyweight financials, with foreign fund inflows and a monsoon revival providing support. The Nifty index rose as much as 0.56% to a record high of 18,923.10, as of 10:47 a.m. IST. The index last hit a new peak in December 2022 and was just shy of the all-time high last week before hawkish central bank commentary spooked investors.
Nifty Metal jumped 73.10 points or 1.19% to 6,200.75. The top gainers on the index were Adani Enterprises, Ratnamani Metals & Tubes, JSW Steel, Hindustan Copper and NMDC while there were no losers.
Benchmark index Nifty 50 hit a fresh all-time high of 18,908.15 on Wednesday, surpassing the 18,887.6 level the benchmark index hit on 1 December, 2022. Nifty 50 took 142 trading sessions to achieve the record. Sensex hit an all-time high of 63,716 as well after hitting a high last week at 63,601.71.
State Bank of India (SBIN) share price rose 0.84% to Rs 570.9 after the board of directors of India’s largest lender, approved the acquisition of the 20% stake held by SBI Capital Markets. in SBI Pension Funds subject to receipt of all regulatory approvals.
Bank Nifty opened above 44,400. The banking index is trading 151.20 points or 0.34% higher at 44,272.70. The top gainers were IndusInd Bank, SBIN, HDFC Bank, Federal Bank and ICICI Bank while the losers were IDFC First Bank, Kotak Bank and Axis Bank.
NSE Nifty 50 and BSE Sensex opened at record highs on monthly F&O expiry. The NSE Nifty 50 jumped above 18900 and BSE Sensex surpasses the 63700 mark. The NSE index is currently trading 52.75 points or 0.28% higher at 18,870.15 and the 30-share BSE benchmark rose 183.99 points or 0.29% to 63,600.02.
NSE Nifty surpassed its all-time high in the pre-opening session. The Nifty 50 jumped 90.75 points or 0.48% to 18,908.15 and BSE Sensex soared 285.75 points or 0.45% to 63,701.78.
“Bank Nifty witnessed a strong bullish move as the bulls took control and surpassed the hurdle of 44000. This breakout occurred following the announcement of the merger date of HDFC twins. The surge in buying pressure forced the writers of 44000 call options to cover their positions. If the index manages to sustain above the 44000 level, it is likely to continue its upward momentum towards the 44500 level,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
“Bank Nifty has decisively closed above the 20-day moving average (43909) which is a bullish sign. The daily momentum indicator has triggered a fresh positive crossover which is a buy signal. Thus, both price and momentum indicators is suggesting a further upside in the Bank Nifty. On the upside we expect it to target levels of 44500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
“Bank Nifty has support at 43800 levels while resistance is placed around the 44500-44600 zone. The market breadth was skewed in the favour of the buyers,” said Om Mehra, Equity Research Analyst at Choice Broking.
“Bank Nifty immediate support is expected at around 44000, followed by 43800. On the other hand, the resistance levels for the monthly expiry session are at an all-time high at 44500, followed by 44700,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Bank Nifty witnessed a breakout from the falling channel that had formed over the last 25-30 days. Expect more upside above 44215 – but keep booking profits intraday as PCR is overheated. First support at 43830 and then 43538 while resistance at 44284 and then 44446, according to Rahul Sharma, JM Financial.
“Nifty cleared the 18750 resistance zone and post-breakout it intensified the positive momentum. On daily charts, the index has formed a bullish candle, which supports a further uptrend from the current levels. For the bulls, 18880-18925 would be the immediate resistance zone, whereas below 18750 the market could retest 18700-18675,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
“Nifty moved up smartly following a doji formation on the daily chart. Additionally, the index found support at the 21EMA before moving higher. The RSI, on the lower timeframe, is in a bullish crossover. The short-term trend looks green from here, on the upside, the index might witness a rally towards 19000. On the lower end, support is placed at 18700,” said Rupak De, Senior Technical analyst at LKP Securities.
“On the derivatives front, the highest call OI is at 19000 strike price followed by 18900 strike prices while on the put side, the highest OI remains at 18700 followed by a 18600 strike price,” said Om Mehra, Equity Research Analyst at Choice Broking.