Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended flat on Friday. BSE Sensex ended 37 points up at 58803, while NSE Nifty 50 ended in red at 17539. Stocks of ITC, Housing Development Finance Corporation (HDFC), HDFC Bank, Axis Bank, Kotak Mahindra Bank, State Bank of India, Tech Mahindra, M&M were among top S&P BSE Sensex gainers. On the flip side, Maruti Suzuki, Reliance Industries, IndusInd Bank, UltraTech Cement, Nestle India, Tata Steel, Infosys, Asian Paints were among top index losers.
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BSE Sensex ended 37 points up at 58803, while NSE Nifty 50 ended in red at 17539
Benchmark indices erased all the intraday gains and trading flat in the highly volatile market. The Sensex was up 2.89 points or 0.00% at 58769.48, and the Nifty was down 12.40 points or 0.07% at 17530.40.
“Domestic market remained volatile during the week. While BSE-30 and Nifty-50 returns were flat, the midcap and smallcap space saw interest from market participants. Both, BSE-Midcap and BSE-Smallcap index outperformed the larger peers this week. BSE Capital Goods and BSE Realty indices were key gainers, whereas the BSE IT index remained under pressure. Auto stock gave positive returns this week amid reporting of August 2022 sales volumes by auto companies. India’s Q1FY23 real GDP grew by 13.5%, aided by private consumption growth. For August 2022, GST collections remained buoyant and manufacturing PMI was healthy. While the crude oil prices has been volatile, the US 10-year bond yield has gradually moved up to 3.25%. In the near term, Indian markets are likely to continue tracking global peers.”
~Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities
ITC market cap reached Rs 4 lakh crore mark after 5 years as the stock surges 50% in 6 months. ITC's market cap had last touched the Rs 4 lakh crore feat on July 14, 2017, when it was Rs 4.10 lakh crore on closing level basis.
Monsoon rains remained subdued in the last week of August, with precipitation levels trailing well below norms, due to which the cumulative rainfall surplus narrowed to 6% above normal, Barclays and IDFC First Bank’s analysts’ said. Out of IMD’s 36 meteorological subdivisions, 30 have received normal or above-normal rainfall this season, while six regions are registered as deficient. The IMD has noted that the rainfall levels could improve in September, with monthly rainfall likely to be above normal. Read full story
The Sensex was up 121.18 points or 0.21% at 58887.77, and the Nifty was up 30.40 points or 0.17% at 17573.20.
Bank Nifty rises 140 points or 0.36% to 39,440.
Deepak Fertilisers, Route Mobile among top weekly losers
Tata Tele soars 51% in one week; EIH, Vaibhav Global other gainers
Natco Pharma board has approved to sell the investment of 15% of shareholding in Joint Limited Liability Company (JLLC) “Nativita”, for an amount of 3,45,000 Euros to M/s. “Pharmasyntez-Nord” Joint Stock Company, a legal entity under the laws of the Russian Federation subject to the approval of the Statutory and Regulatory Authorities.
Sanofi India the only stock that hit 52-week low today
Ashok Leyland, Bank of Baroda among stocks that hit 52-week highs today. Cholamandalam Investmnt and Financial Services, Cochin Shipyard, and Bharat Electronics also on the list.
Asian shares struggled as dollar remains at decades-high ahead of US payrolls report. Japan's Nikkei and Chinese bluechips were mostly unchanged, Hong Kong's Hang Seng index eased 0.2% and South Korea gained 0.5%
Indian markets were trading volatile on Friday amid mixed global cues ahead of the US jobs report. Benchmark index Nifty 50 was flat below 17,550 levels, whereas the S&P BSE Sensex was trading at 58,740 levels. Broader markets, on the contrary, were outperforming frontline indices as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.5%. Sectorally, Nifty Media, Nifty Realty, and Nifty Auto indices traded with marginal gains. However, Nifty Metal, Nifty PSU Bank were bogged down in trade. Amid high volatility, analysts advise investors to adopt a stock specific approach to pocket gains. ICICIDirect in its report picked Asian Paints and Garden Reach Shipbuilders & Engineers as their gladiator stock picks as they see up to 13% upside in these stocks in the next three months.
NDTV share prices crossed Rs 500 mark on Friday for the first time since January 2008. The media company stocks has rallied up to 97% in a month. On August 30, 2022, the Adani group published a detailed public statement about the NDTV's open offer, which will tentatively open on October 17, 2022, subject to the market regulator's approval.
Benchmark indices were trading flat in the highly volatile session. The Sensex was down 93.52 points or 0.16% at 58673.07, and the Nifty was down 27.50 points or 0.16% at 17515.30.
We would advocate avoiding aggressive overnight bets for the time being and keeping a close tab on global developments. Meanwhile, identifying the thematic movers should be the key to better trading opportunities in the current market condition. Read full story
India's oil imports from Russia fall in last two months, down 25% from June. In August, India imported 7,38,024 barrels per day from Russia, 18 per cent lower than in July.
Adani Enterprises hits 52-week high of Rs 3,290 per share on reports of inclusion in the Nifty50 index
The stock surpassed its previous high of Rs 166.30 that it had touched on April 19, 2022. At 09:42 am, it traded 2 per cent higher at Rs 163.55, as compared to an unchanged S&P BSE Sensex at 58,768 points. In the past six months, NTPC has outperformed the market BY gaining 25 per cent, as against 6 per cent rise in the benchmark index. The stock has surged 41 per cent in a year, as compared to 1.4 per cent rise in the S&P BSE Sensex.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks announced on Thursday that Narasimhan will become the company’s next chief executive officer and a member of the Starbucks Board of Directors. Narasimhan will join Starbucks as incoming CEO on October 1, 2022. Read full story
Benchmark indices were trading lower in the volatile session with Nifty around 17500. The Sensex was down 121.07 points or 0.21% at 58645.52, and the Nifty was down 37 points or 0.21% at 17505.80.
NTPC top index gainer, up 2% as green energy arm gets 13 bids for stake sale
Nifty Auto index added 0.6 per cent supported by the Escorts, TVS Motor, Tube Investments of India
"US jobs data to be released today and the CPI numbers expected on September 13th will give an indication about the strength of the US economy and its influence on the US Fed's rate decision later this month. The near-term outlook for the market has turned bearish amidst volatility. Investors can utilise deep cuts in the market to buy domestic cyclicals like autos which are showing strong resilience supported by healthy and improving fundamentals."
~VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market is back to a phase of high volatility. The recent resilience of the Indian market can be attributed largely to FIIs turning buyers. But this FII bullishness appears to be over in the near-term as evidenced by the FII sell figure of Rs 2290 crore yesterday. Also FIIs are increasing their short positions in derivatives. This is a rational response to the surging dollar index which touched a 20-year high of 109.6% yesterday. This, and the US 10-year bond yield racing to 3.26% are unfavorable for emerging market equities and therefore investors have to be cautious in the near-term."
~V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
NTPC, Bajaj Finserv, Kotak Mahindra Bank, Power Grid Corp and Bajaj Finance were among major gainers on the Nifty, while Shree Cements, Maruti Suzuki, Nestle India and HDFC Life were the losers.
Indian indices opened on positive note with Nifty above 17600. The Sensex was up 260.36 points or 0.44% at 59026.95, and the Nifty was up 78.50 points or 0.45% at 17621.30.
Indian rupee opened marginally lower at 79.63 per dollar on Friday against Thursday's close of 79.55.
Indian markets are likely to open on a flattish note today tracking weak global cues. Investors are likely to be cautious amid expectations of future rate hikes. US markets ended mixed tracking losses in technology stocks amid mixed global news flows.
~ICICIDirect