Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices concluded Wednesday’s session in the negative territory amid mixed sentiments in global markets. The BSE Sensex fell 636.75 points to 60,657.45 and NSE Nifty slipped 189.60 points, settling at 18,042.95. All the broader market indices ended in the red. Nifty Next 50 dipped 1.04%, Nifty Midcap 50 dropped 1.10%, Nifty Large Midcap 250 plunged 1% and Nifty Total market ended 1.06% lower. All the sectoral indices concluded in the red as well. Nifty Bank fell 1.07%, Nifty IT dropped 0.98% and Nifty FMCG fell 0.66%. The volatility index India VIX rose 5.64%.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Divis Lab, Maruti, HDFC Life, Eicher Motor and Dr Reddy are the top Nifty gainers while JSW Steel, Hindalco, Coal India, Tata Steel, ONGC and Tata Motors are the top losers.
Volatility index India VIX rose over 5% on Wednesday.
The BSE Sensex fell 636.75 points or 1.04% to 60,657.45 and NSE Nifty 50 slipped 189.60 points or 1.04%, settling at 18,042.95.
The BSE Sensex fell 621.84 points or 1.01% to 60,672.36 and the NSE Nifty was trading 174.95 points or 0.96% lower at 18,057.60.
All broad market indices were trading in red with Nifty Midcap 50 falling 0.69%, Nifty 100 dipping 0.61%, Nifty smallcap 50 dropping 0.62% and Nifty Total Marketcap slipping 0.59%.
IndusInd Bank, ICICI Bank, Reliance, Yes Bank and Infosys are the most active equities on NSE.
Axis Bank, Alkali Metals, Landmark cars and TVS Electronics Ltd reached 52-week highs while Elin Electronics, Aavas Financiers and Abans Holdings touched 52-week lows.
Asian equities rose on Wednesday, led by Hong Kong shares. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.3% higher and set for a third straight day of gains for the year. The index fell 20% in 2022, its worst performance since 2008. Futures indicated the buoyant mood was likely to continue in Europe, with Eurostoxx 50 futures up 0.36%, German DAX futures 0.36% advanced and FTSE futures 0.27% higher. E-mini futures for the S&P 500 rose 0.16%.
“Though the moves yesterday lacked the momentum to go all the way to our objective of 18,400, positive bias prevailed. Similar trend is expected today as well with 18,400 continuing to be in sight. Alternate scenarios see consolidation inside the 18,250-150 region, with the downside marker placed at 18,000, until which, the fears of a 17,500 plunge will be on hold.” – Anand James – Chief Market Strategist at Geojit Financial Services.
Nifty Bank fell 0.84% or 363.50 points to 43,061.75 on Wednesday. The only gainer of the index was Axis Bank (up 0.22%) while Bank of Baroda (down 2.69%), IDFC First Bank (down 2.36%) PNB (down 2.34%) were the top laggards.
Glan Pharma shares rose 0.21% to Rs 1579 after the company received the Establishment Inspection Report (EIR) from the Office of Product Evaluation and Quality Center for Devices and Radiological Health, US FDA indicating the closure of the inspection.
For the trend-following traders now 18150 for Nifty and 61000 for Sensex would be the trend decider level. Above which, they will rally till 18300-18350/61500-61700. On the flip side, below 18150/61000 uptrend would be vulnerable. Below the same, the indices could slip till 18050-18025/60700-60500.
Norges Bank – Government Pension Fund Global bought 3,38,000 shares of Multi Commodity Exchange (MCX) at Rs 1482.59 per share.
Navodya Enterprises sold 1,59,443 shares of Mangalam Cement Ltd (MANGLMCEM) at Rs 300.10 per share.
Anant Aggarwal bought 54,600 shares of Homesfy Realty Ltd (HOMESFY) at Rs 274.09 per share.
Sun Pharma, UltraTech Cement, Axis Bank, Asian Paint and ICICI Bank are the top gainers of the Sensex while Tata Motors, Tata Steel, IndusInd Bank, ITC, Wipro and Reliance are the top losers.
Radiant Cash Management Services shares saw a premium listing on the bourses on Wednesday after the IPO closed last week. The shares opened at a 9.5% premium amid a negative domestic market, listing at Rs 103 on the NSE, as compared to the public issue price of Rs 94. The shares to a low of Rs 99 minutes after debut, but they were last trading at Rs 102 on the National Stock Exchange.
The BSE Sensex fell 78.69 or 0.13% to 61,215.51 and NSE Nifty dropped 20.05 points or 0.11% to 18,212.50 in opening trade on Wednesday.
Avenue Supermart shares fell 2% to Rs 3978.05 on Wednesday after the company reported standalone revenue from operations at Rs 11,304.58 crore for the quarter ended December FY23, increasing 25% from Rs 9,065 crore in the same period last year.
The BSE Sensex fell 46.29 or 0.08% to 61,247.91 in the pre-opening session. The NSE Nifty 50 fell 9 points or 0.05% to 18,222.
Foreign institutional investors (FII) sold shares worth a net Rs 628.07 crore while domestic institutional investors (DII) purchased shares worth a net Rs 350.57 crore on Tuesday, January 3, 2023, according to the data available on NSE.
US Stock market ended Tuesday’s session in the red. The Dow Jones Industrial Average (DJIA) fell 10.88 points or 0.03% to 33,136.37 while the tech-heavy Nasdaq Composite Index dropped 79.50 points or 0.76% to 10,386.98 and the S&P 500 dipped 15.36 points or 0.40% to end at 3,824.14.
No stock/security has been put under the National stock exchange's Futures & Options ban for Wednesday, January 4, 2023.
“The Bank Nifty bulls continued buying from the lower levels and the index is near a breakout level of 43,600. The momentum indicator RSI is in the strong buy zone which confirms the strength of the index. The lower-end support is visible at 43,000 where the highest open interest is built up on the put side and the upside resistance is at 44,000 where the aggressive call writing has been observed.” – Kunal Shah, Senior Technical Analyst at LKP Securities
“The Indian equity market has returned to the green territory, with the Nifty closing above 18,155. The positions of the important moving averages and the momentum indicator RSI are suggesting positive trades in the near term. However, the current chart setup doesn't indicate any directional move. Over the short term, the index is likely to move within the range of 17,950-18,400. A breakout on either side will confirm a directional move.” – Rupak De, Senior Technical Analyst at LKP Securities.
“Domestic equities ended Tuesday's session near the day’s high following their global peers as the reopening of China's economy has outweighed near-term fear. We expect the market to remain in a range with a positive bias ahead of the FOMC minutes outcome and release of US manufacturing PMI data on Wednesday. Banking stocks continue to gain traction. IT sector is likely to see some action ahead of Q3 results next week. Niche sector like insurance is expected to gain momentum as the government is likely to introduce an insurance amendment bill in the budget. Power financing stocks are likely to be in momentum on the back of strong power demand as well as reforms expected in the upcoming budget.” – Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd