Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices concluded Tuesday’s session in the green territory with BSE Sensex rising 126.21 points to 61,294.00 and NSE Nifty climbing 35.10 points, settling at 18,232.55. Most of the broader market indices ended in the green. Nifty Next 50 rose 0.42%, Nifty Midcap 50 climbed 0.21%, Nifty Large Midcap 250 advanced 0.21% and Nifty Total market ended 0.23% higher. In the sectoral indices Nifty Bank rose 0.58%, Nifty IT climbed 0.76% while Nifty FMCG fell 0.38%
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 3 January
HDFC, SBI, Axis Bank, Titan and TCS are the top Nifty gainers while Hindalco, JSW Steel, Britannia, Mahindra & Mahindra and Reliance are the top losers.
Domestic equity indices concluded in green with BSE Sensex rising 126.21 points to 61,294.00 and NSE Nifty climbing 35.10 points, settling at 18,232.55.
Nifty Bank rose 0.51% to 43,424.90, Nifty Pharma rose 0.59% and Nifty IT advanced 0.77%. On the hand, Nifty Auto fell 0.44%, Nifty FMCG dropped 0.46%, and Nifty Metal dipped 0.40%.
CSB Bank shares rose over 6% to Rs 258.35 after the bank reported 18.93% YoY growth in total deposits for the year ended 31-12-2022.
Axis Bank (up 1.92%), TCS (up 1.47%), Tech Mahindra (up 0.93%), Bajaj Finance (up 0.75%) and IndusInd Bank (up 0.62%) are the top Sensex gainers while Reliance Industries Ltd (down 0.90%), Mahindra & Mahindra (down 0.89%), Larsen & Toubro (down 0.87%), Hindustan Unilever (down 0.71%) and Maruti (down 0.66%) are the top losers.
New Delhi Television Ltd shares rose 1.6% to Rs 344.65 after Adani Enterprises said on Tuesday it will pay an additional Rs 48.65 per share to NDTV investors who sold their shares to the conglomerate in its open offer for the news network. This takes the offer price to 342.65 rupees per share.
Apollo Tyres Limited, Canara Bank, The Federal Bank Limited and Jindal Steel & Power Limited touched a 52-week high on Tuesday. In contrast, Elin Electronics Limited, Aurobindo Pharma Limited, Aavas Financiers Limited and Uniinfo Telecom Services Limited touched a 52-week low.
The yen spiked to a seven-month high against the U.S. dollar on Tuesday on rising expectations that the Bank of Japan might move away from its ultra-easy monetary policy. The yen strengthened 0.69% versus the greenback at 129.83 per dollar on Tuesday, having touched 129.51 earlier in the session – a level last seen in June.
Nifty IT index rose 0.77% with MPhasis, Coforge and L&T Technology services leading the gains.
Nifty Bank index rises 0.4%, led by IndusInd Bank, Bandhan Bank, Federal Bank
The Sensex is up 64 pts or 0.11% at 61,232.55, and the Nifty is up 30 ptsa at 18229.
“The major factor weighing on equity markets is the global economic slowdown expected this year. The Chinese PMI data for December at 47 indicates a sharp deceleration of the Chinese economy and reinforces the global slowdown theme. Though this is a near-term negative for global equity markets, India is likely to shrug off this negative news since India’s economic outperformance is expected to continue. Corrections in the market caused by FII selling and bear hammering may be used to slowly accumulate high-quality stocks in banking, capital goods, telecom and construction-related segments. Fixed income assets like debt funds are safe and attractive now.” – Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
“The reluctance yesterday to convert the positive bias into strong upsides points towards weakness. However, we are willing to persist with the upside, at least as far as 18,400 initially, as long as 18,100 holds for the day. Alternatively, if initial consolidation that is to be expected early in the day, manages to breach 18,000 as well, we may have to abandon the upside views, and instead hunt for 17,500.” – Anand James – Chief Market Strategist at Geojit Financial Services.
Federal Bank shares rose over 1% to Rs 139.10 on Tuesday after the company informed stock exchanges that its total deposits crossed the Rs 2,00,000 crore milestone, reaching Rs 2,01,425 crore, with a growth of 14.8% over Rs1,75,432 Crore as of December 31, 2021. The Bank’s customer deposits (total deposits excl Interbank deposits and certificates of deposit) aggregated to Rs 1,92,451 Crore, a growth of 12.8% over Rs 1,70,654 Crore as of December 31, 2021.
HFCL shares rose 2.25% to Rs 77.30 after the company informed stock exchanges that its subsidiary HTL has received orders worth Rs 95.38 crore from Reliance Projects & Property Management Services for the supply of optical fibre cables to one of the leading private telecom operators of the country.
Zomato shares fell 2% to Rs 59.05 on Tuesday after the announcement of co-founder and chief technology officer (CTO) Gunjan Patidar’s resignation.
Indian rupee opened marginally higher at 82.70 per dollar on Tuesday against previous close of 82.74.
SBI Life Insurance, Sun Pharma, Reliance Industries, Britannia and HUL were among major losers on the Nifty, while Tata Motors, Axis Bank, IndusInd Bank, Kotak Mahindra Bank and SBI were the gainers.
Benchmark indices opened marginally lower on January 3. The Sensex was down 72.97 points or 0.12% at 61094.82, and the Nifty was down 23.70 points or 0.13% at 18173.80.
No stock/security has been put under the National stock exchange's futures & options (F&O) ban on Tuesday, January 3, 2023.
Foreign institutional investors (FII) sold shares worth a net Rs 212.57 crore while domestic institutional investors (DII) purchased shares worth a net Rs 743.35 crore on Monday, January 2, 2023, according to the data available on NSE.
Benchmark indices are trading flat in the pre-opening session. The Sensex is down 30.86 points or 0.05% at 61136.93, and the Nifty is down 34.70 points or 0.19% at 18162.80.
“The Bank Nifty index witnessed strong buying from the lower levels and held the crucial support of 43,000. The index immediate upside resistance stands at 43,500 and once breached will see further up move towards 44,000-45,000 levels. The momentum indicators are in the strong buying zone which confirms the strength of the index.”-Kunal Shah, Senior Technical Analyst, LKP Securities
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“The overall structure shows that the Nifty index can continue with the short-term consolidation in the range of 17800-18400. Within this range, the Nifty is attempting a move towards 18400. The level of 18000 is acting as an intermediate support, ” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas. Bank Nifty has support at 42800-42900 while resistance is placed at 43400-43500 range.
China’s Shanghai SE composite index was trading 4.78 points or 0.16% higher at 3,094.11 on Tuesday. Hong Kong’s Hang Seng climbed by 142.61 points or 0.72% to 19,924.02.
US stock market remained closed on Monday. US equity indices ended Friday’s session red with Dow Jones Industrial Average falling 73.55 points or 0.22% to 33,147.25. The Nasdaq fell 11.61 points or 0.11% to 10,466.48. The S&P500 dropped 9.78 points or 0.25% to 3,839.50.
Nifty formed a bullish harami pattern on the daily chart, suggesting a reversal in the price trend. The index has moved back above 50 EMA with the strength indicator RSI in a bullish crossover. The trend remains positive as long as it sustains above 17,950; resistance on the higher end is visible at 18,400. – Rupak De, Senior Technical Analyst at LKP Securities