Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls paced Dalal Street amid strong global cues coupled with a weaker dollar. NSE Nifty 50 rallied over 320 pts to trade above 18,350 levels, closing at 18,349. BSE Sensex advanced over 1180 points to touch the 61,800 mark intraday, ending at 61,795. Broader markets jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed over 1% each. All sectors traded firmly in green with Nifty IT index rising up over 2%. Japan’s Nikkei 225 jumped more than 2% in early trade, while South Korea’s Kospi gained more than 3%. Over in the US, the S&P 500 climbed 5.54%, the Nasdaq gained 7.35%, while Dow Jones Industrial Average rose 3.7% on Thursday.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 11 November Friday
Among the top gainers today, the HDFC twins rose over 5% each. The Nifty IT index gained over 1.7% today, with Infosys up 4.5%, Tech M, HCL Tech and TCS all up over 3.4% each. Among the top losers, Eicher Motors ends 4.9% down while Hero Motocorp ends down 1.7%.
As the bulls took charge of D-Street today, Sensex ends up by 1180 points, while Nifty closes at 18,350, after touching a fresh 52 week high of 18,362 intraday.
Nifty50 hits fresh 52-week high at 18,353 points, up 1.7% today.
Dalal Street bulls pushed domestic benchmark indices higher on Friday. While Sensex surged over 1000 pts to fresh 52-week high, NSE Nifty 50 traded above the 18,300 level. Both benchmark indices are now 1% shy of touching their all-time highs. “From the last couple of trading sessions, the market was in a cautious mood and was waiting for a crucial US inflation print for October. On the positive side, the inflation print was cooler than the expected number triggering a rally in equity markets, across the world, including our domestic market,” said Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. Analysts believe that the near-term trend is positive and Nifty may touch 19,000 soon.
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ABB India, Bajaj Holdings, Indian Hotels, Tube Investments, TVS Motor, and Varun Beverages will now be part of the MSCI India Standard Index, as per the MSCI semi-annual review. MSCI has not excluded any stock from the India Standard Index, contrary to street expectations that the index may exclude stocks like Indraprastha Gas and Biocon, post their recent underperformance.
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate and silver rate were trading in the positive territory in India on Friday despite weak global trends. On Multi Commodity Exchange, gold December futures were ruling at Rs 52,315 per 10 gram, up Rs 206 or 0.40 per cent. Silver December futures were trading Rs 568 or 0.9 per cent up at Rs 62,479 per kg. Read full story
The Bank Nifty index extended gains in noon trade, making an intraday high of 42,250, after hitting 42,000 for the first time ever today morning.
Live Price Updates: Bank Nifty
“The Bank Nifty now exceeds 42000 all time high, and the Nifty and Sensex both increase by 1.5%. According to the current situation, inflation was the main worry, but new US CPI figures reveal that the inflation rate slowed down more than was forecasted in October. The US Federal Reserve may slow the pace of rate hikes in the future as a result of this report, which is the primary driver of the market today. Although the market reached a new high today, this does not necessarily indicate that the market has peaked and a correction is on the horizon. On long term charts, both the Nifty50 and the Bank Nifty are strongly positive and can continue their upward path. Long-term investors should keep making investments; making investments now would also be a better choice for them.”-Rameshver Dongre, Research Analyst – Equity Research, CapitalVia Global Research
Breakout today from last 15 days of consolidation
Strong Volumes in Cash & Futures = Already surpassed yesterday’s volumes
Shortcovering seen in Futures
Looks good for target of 2300 in the next 8-10 days; SL at 2060
-Rahul Sharma, Head-Research, JM Financial Services
“Bank Nifty is outperforming and respecting its 9-DEMA beautifully. It is likely to open above the psychological hurdle of 42000 which may lead to a move towards 42500/43000 levels. On the downside, 41800-41700 will be the immediate support zone after a gap-up opening. The overall structure of both Nifty & Sensex is bullish. So, Investor has to invest in the market for riding the 19000+ levels in the near term.”-Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
“On the Thursday trading session, US stock markets closed on the higher side, as investors reacted to the Inflation data which comes below expectations (Previous: 8.2% Actual: 7.7%) therefore US fed might become less aggressive with Interest rate hikes in the next meet. Nifty manages to sustain above the 18350 level after a gap-up opening then we can expect a move towards 18500/18600 levels. On the downside, 18200-18150 will be an immediate demand zone after a gap-up opening.”-Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel remained unchanged on 11 November 2022 (Friday), keeping costs steady for nearly four months now. The petrol rate and diesel rate in Delhi are at Rs 96.72 and Rs 89.62 per litre, respectively. In Mumbai, petrol is retailing at Rs 106.31 per litre and diesel at Rs 94.27 per litre. The last country-wide change in fuel prices came on 21 May this year, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Read full story
Shares of Nykaa owner FSN E-Commerce Ventures surged by 20% to Rs 224.65 on the BSE in Friday's intra-day trade after foreign portfolio investors (FPIs) acquired stake in the company via open market on Thursday. On 10 November, investor Narotam S Sekhsaria offloaded 14.7 million equity shares of Nykaa at a price of Rs 173.70 via block deals on the BSE, exchange data showed. Aberdeen Standard Asia Focus Plc (4.27 million), and Norges Bank on account of Government T Petroleum Fund (3.98 million) bought a combined 8.25 million shares of the company via block deals.
Sensex is up 1,029.98 points or 1.70 percent at 61,643.68. Nifty is up 289.10 points or 1.60 percent at 18,317.30
Benchmark indices BSE Sensex and NSE Nifty 50 soared over 1.5% on Friday and Bank Nifty topped 42000 mark for the first time ever as bulls raged on Dalal Street, powered by a much-awaited ease in US retail inflation. Following a global market rally, the BSE Sensex surged 1,072 points to scale a new 52-week high of 61,685 points, while the NSE Nifty jumped 304 points to 18,332 (near its 52-week high of 18,351). Both frontline indices are now only around 1% away from reclaiming their all-time highs of 62245.43 and 18,604.45, respectively. “The overall structure of both Nifty & Sensex is bullish. So Investor has to invest in the market for riding the 19000+ levels in the near term,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart.
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As the US CPI cooled off in October after touching 40-year highs this year, the dollar index slumped to 108 on Thursday night. Consequently, the Rupee opened at a 7-week high of 80.71 on Friday with a 110-paise gain, the highest opening gain since September 2013.
A firm turnaround in foreign investor sentiment after a disappointing month of September is lending strength to domestic share market. In October, FPIs bought shares worth nearly Rs 8,430 crore against net selling of Rs 13,405 crore in September. For the first 10 days of November too, investors have pumped Rs 546 crore into the cash market.
Retail inflation in the US rose by a less-than-expected 0.4% for October and 7.7% from a year ago, which was its lowest annual increase since January this year. Investors turned bullish overnight following the release of the data as they expected inflation to have peaked out as this could prompt the US Fed to slow down rate hikes. US equities jumped the most since March 2020 with the Nasdaq rallying over 7 per cent on Thursday. The Dow and S&P 500 surged 3.7 per cent and 5.5 per cent, respectively. In Asia, Hang Seng led gains, rising 6 per cent.
Bank Nifty index soared 455 pts or 1.09% to surpass 42000 level for the first time ever.
The Sensex was up 984.72 points or 1.62% at 61598.42, and the Nifty was up 276.60 points or 1.53% at 18304.80.
Electronic sub-systems and cable harness company DCX Systems made a bumper debut on the bourses on November 11, listing with a massive 38 percent premium.
The share opened at Rs 286.25 apiece on the BSE, while the listing price on the National Stock Exchange was Rs 287. The Rs 500 crore IPO had received stellar response from investors. It was subscribed 69.79 times, with retail investors bidding for 61.77 times the allocated quota and non-institutional investors bidding 43.97 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 84.32 times.
“It was well known that the crucial US inflation numbers for October will sway the market either up or down depending on the trajectory of inflation. Now that the inflation print – both CPI and core- has come below expectations, the direction of the markets is a foregone conclusion. Since the CPI and core print indicate moderation of inflation, it is probable that the Fed might pause after one more hike of 50 bp. This is good news for global equity markets. Since dollar is weakening, FIIs are likely to increase their buying, and with Monthly SIP figure crossing Rs13000 crores, DIIs will have to deploy the inflows. In brief, it is Advantage Bulls for the near-term. New record for the Nifty is only a question of when.”-VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Hindalco Industries, Mahindra & Mahindra, Life Insurance Corporation of India, ABB India, Adani Power, Alkem Laboratories, Alembic Pharmaceuticals, Ashoka Buildcon, Astral, Astrazeneca Pharma India, Bharat Dynamics, BHEL, Delhivery, Dhani Services, Easy Trip Planners, Emami, Exide Industries, Fortis Healthcare, GSK Pharma, Glenmark Pharma, Hindustan Aeronautics, Ipca Laboratories, Lemon Tree Hotels, Pfizer, Sun TV Network, Thermax, Ujjivan Financial Services, Zee Entertainment Enterprises etc.
Zomato shares surged 12% as the food delivery giant’s net loss narrowed to Rs 251 crore in Q2FY23 from loss of Rs 430 crore in Q2FY22, buoyed by strong top line and operating performance. Revenue from operations climbed 62% on-year to Rs 1,661 in Q2FY23, whereas EBITDA loss narrowed to Rs 311 crore in Q2FY23 from loss of Rs 536 crore, in the year-ago period.
Eicher Motors shares fell around 3% after the automaker recorded 76% on-year growth in profit to Rs 657 crore for Q2FY23, backed by strong operating and top line performance. Revenue from operations, too, surged 56.4% on-year to Rs 3,519 crore and EBITDA was up 75% on-year to Rs 821.4 crore in Q2FY23.
Nifty Futures – Resistances 18180-18250; Supports 18000-17900
Banknifty Futures – Resistances 41900-42100; Supports 41450-41200
-Globe Capital
Yesterday, Nifty futures added around 1.5% of open interest as short buildup whereas Banknifty future shed around 3.5% of open interest as long unwinding. Majority of F&O sectors settled lower. Amongst them, Chemicals, Power and Cement stocks witnessed maximum addition of short positions. On options front, Nifty started the new weekly contracts with maximum positions at 19000 CE and 18000 PE.
Tech Mahindra, Wipro, Infosys, HCL Technologies and Apollo Hospitals were among major gainers on the Nifty, while Eicher Motors and Hero MotoCorp were the losers.
The Sensex was up 827.54 points or 1.37% at 61441.24, and the Nifty was up 241.00 points or 1.34% at 18269.20.
Indian benchmark indices opened gap-up with Nifty above 18,250 on the back of positive global cues post amid slowing US inflation