Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices pared gains and ended Thursday’s session in the red. The NSE Nifty 50 fell 51.8 points or 0.28% to 18,129.95 and BSE Sensex dipped 128 points or 0.21% to 61,431.74. In sectoral indices, Bank Nifty rose 53.6 points or 0.12% to 43,752.3, Nifty Auto fell 0.88%, Nifty FMCG tanked 1.10%, Nifty Pharma plunged 1.27%, Nifty PSU Bank tumbled dropped 1.90%, Nifty Oil & Gas decreased 1.10% and Nifty Realty tumbled 2.37%. The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, Kotak Bank, ICICI Bank and HCL Technologies while the losers were Divis Lab, Adani Ports, ITC, SBIN and Power Grid.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Benchmark indices pared gains and ended Thursday’s session in the red. “Markets traded volatile on the weekly expiry day and ended marginally lower. It is healthy consolidation so far however volatility across sectors is keeping traders on their toes. We feel it’s prudent to stay light and utilize this phase to gradually accumulate quality stocks from top-performing sectors viz. banking, financials, FMCG and auto,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, Kotak Bank, ICICI Bank and HCL Technologies while the losers were Divis Lab, Adani Ports, ITC, SBIN and Power Grid.
In sectoral indices, Bank Nifty rose 53.6 points or 0.12% to 43,752.3, Nifty Auto fell 0.88%, Nifty FMCG tanked 1.10%, Nifty Pharma plunged 1.27%, Nifty PSU Bank tumbled dropped 1.90%, Nifty Oil & Gas decreased 1.10% and Nifty Realty tumbled 2.37%.
The NSE Nifty 50 fell 51.8 points or 0.28% to 18,129.95 and BSE Sensex dipped 128 points or 0.21% to 61,431.74.
Aditya Birla Fashion and Retail, Hexa Tradex, IPCA Laboratories, Power & Instrumentation (Gujarat) and SEL Manufacturing Company were among the 12 stocks that hit 52-week lows.
Mtar Technologies, Vindhya Telelinks, Gujarat State Fertilizers & Chemicals, Gujarat Industries Power Company, Shivalik Bimetal Controls, Baid Finserv, Kaynes Technology India, Ujjivan Financial Services, InterGlobe Aviation, IOL Chemicals and Pharmaceuticals, Universal Cables, L&T Finance Holdings, Equitas Small Finance Bank, Cera Sanitaryware, Lincoln Pharmaceuticals, Exide Industries, Patel Engineering, Lloyds Steels Industries, Max Healthcare Institute, Poonawalla Fincorp, AU Small Finance Bank, Hitachi Energy India, Servotech Power Systems, Andhra Cements, Jindal Saw, Tega Industries and Kirloskar Brothers were among the 82 stocks that hit 52-week highs.
Lorenzini Apparels, ABM International, Andhra Cements, Aurionpro Solutions, AXISCADES Technologies, DRC Systems India and Soma Textiles & Industries were among 55 stocks to hit the upper price band. Adani Transmission, Adani Total Gas, Axita Cotton, Sanghi Industries and TECIL Chemicals and Hydro Power were 26 stocks to hit the lower price band.
Bajaj Finance, Bharti Airtel, Asian Paints, Kotak Bank, ICICI Bank, Hero MotoCorp, HCL Tech and Axis Bank were the top gainers while Divis Lab, Adani Ports, Dr Reddy’s Laboratories, ITC, Tata Motors, State Bank of India, Sun Pharma, Mahindra & Mahindra, Britannia, Titan and Cipla were the losers.
Shanti Overseas (India), DB (International) Stock Brokers, GPT Infraprojects, Sakuma Exports, EIH, Remsons Industries, Jubilant Industries, Shaily Engineering Plastics, Vedant Fashions, Honeywell Automation India, Indo-National, Thermax, Restaurant Brands Asia, Tega Industries, Shreyas Shipping & Logistics, Cords Cable Industries, Patel Integrated Logistics, Huhtamaki India, Dev Information Technology, Birla Cable and Wheels India were the volume gainers on NSE.
HDFC Bank, SBIN, ICICI Bank, Axis Bank, Reliance, Bharti Airtel, Kotak Bank, Infosys, Bajaj Finance, Tata Motors, ITC, Bank of Baroda, HDFC, BLS, Eicher Motors, Larsen & Toubro and TCS were the most active stocks on NSE.
In sectoral indices, Bank Nifty rose 201.65 points or 0.46% to 3,900.35, Nifty FMCG fell 0.74%, Nifty Pharma tanked 1.16%, Nifty PSU Bank plunged 1.13% and Nifty Realty tumbled 2.13%
In broader markets, the Nifty 100 fell 0.13%, Nifty Midcap 50 was down 0.41% and Nifty Small Cap 100 dipped 0.23%. The volatility index, India VIX fell 1.6%.
Gold and Silver traded lower on Thursday. Gold futures on the multi-commodity exchange (MCX) for June delivery were trading at Rs 60,010, down 0.22% or Rs 135 and Silver futures for July delivery fell 0.81% or Rs 585 to Rs 72,073. Globally, the gold rate decreased as the dollar held firm and optimism over US debt-ceiling talks reduced the metal’s safe-haven appeal. Spot gold fell 0.2% to $1,977.79 per ounce. US gold futures edged 0.1% lower to $1,982.10. Spot silver fell 0.5% to $23.61 per ounce, platinum shed 0.2% to $1,066.71, and palladium lost 0.4% to $1,480.85.
NSE Nifty 50 pared early gains and was trading at 18,199.7. BSE Sensex rose 100.68 points or 0.16% to 61,661.32. The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, ICICI Bank, Hero Moto Corp and Kotak Bank while the losers were Divis Lab, Adani Ports, Dr Reddy, Sun Pharma and Grasim.
Yobee has announced a partnership with IIFL Securities to launch Tradebox to simplify and enhance the systematic trading experience for advisors, investors, and traders. As a part of the partnership, Yobee will allow IIFL Securities’ customers to access the Tradebox application within the IIFL app and web. Additionally, customers can also begin their trading journey from the Tradebox website using the "Login with IIFL Securities" feature.
REC and Coal India shares were among the top dividend paying PSU scrips in the last financial year, with yields of 10% each in 2022-23, according to a list of highest dividend-yielding PSU shares compiled by Axis Securities. Despite having one of the lowest dividend yields on the table, Rites paid out the highest dividend, at Rs 404 per equity share. The other lowest dividend-yielding firm on this list was NHPC, with a yield of 4%.
“Bank Nifty breached the 43700 zone during the intraday session on Wednesday to turn down the daily trend but still, the last-hour pullback has slightly improved the bias to some extent anticipating for some revival. A decisive breach below the 43300 zone would further weaken the bias to anticipate further slide in the coming days. Bank Nifty would have a daily range of 43300-44100 levels,” said Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.
“Nifty gave a negative closing for the second consecutive day indicating two weak candles after the recent rally to anticipate a trend reversal for the index having 18000 as the psychological support as of now. The level near 17800 of the significant 200DMA would be the major support zone for the index if there is any major slide witnessed in the coming days. The support for the day is seen at 18050 levels while the resistance is seen at 18300 levels,” said Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.
“Expect dips to 18167 if initial upsides fail to help Nifty float above 18230. Alternatively, if upswings take off without dips, expect a challenge from the 18290 regions, but if it turns lower thereof does not stretch beyond 18230, expect 18660 shortly,” said Anand James, Chief Market Strategist at Geojit Financial Services.
“The market is delicately poised with both bullish and bearish signals. Profit booking at higher levels and the buildup of short positions are bearish signs. But optimism regarding the resolution of the US debt ceiling impasse is a bullish sign. Since a failure to raise the debt ceiling and the consequent default will have catastrophic consequences not only for the US economy and financial system but also for the global economy and global financial system, a resolution to the impasse will be reached even if at the eleventh hour. Positive global cues will embolden the bulls to charge once again towards new highs. Two major results today -SBI and ITC- are likely to be very good and can aid the bulls,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
NHPC share price jumped 1% to Rs 44.79 after the company received a letter of intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200 MW capacity solar power project within 600 MW GSECL’s Solar Park at Khavda (GSECL Stage-1). The estimated financial implication for the project is Rs1,007.60 crore.
State Bank of India share price jumps 0.61% to Rs 590.1 ahead of the Q4 results announcement. Analysts expect SBI to extend its record-high PAT performance. In the previous quarter, SBI reported 66% growth in profit-after-tax at Rs 14,205 crore.
ITC share price jumped 0.78% to Rs 431 ahead of the Q4 results announcement. Industry experts predict that the FMCG company will see double-digit growth in net profit, while revenues are expected to grow between 3-6%.
Bank Nifty jumped 350 points or 0.75% to 44,049.2. The top gainers were Axis Bank, Kotak Bank, HDFC Bank, AU Bank and IDFC First Bank while there were no losers.
The top gainers on Nifty 50 were JSW Steel, ITC, Bajaj Finance, Hindalco and Axis Bank while the losers were Divis Lab, BPCL, Mahindra & Mahindra, UPL and ONGC.
In sectoral indices, Bank Nifty soared 221.85 points or 0.51% to 43,920.55 and Nifty IT gained 111.45 points or 0.40% to 28,054.4. T
The NSE Nifty 50 jumped 96.65 points or 0.53% to 18,278.40 and BSE Sensex surged 311.62 points or 0.51% to 61,872.26.
Benchmark indices ended the pre-opening session in green. The NSE Nifty 50 surged 105.75 points or 0.58% to 18,287.50 and BSE Sensex jumped 377.21 points or 0.61% to 61,937.85.
“Bank Nifty is seen to be trading with a sideways to negative trend from the last two days but the undertone remains bullish as long as it holds the levels of 43450 as put writers are fiercely active on 43500 and 43600 and call writers are active on 43800 and 4400. Technical indicator RSI is at around 63 and is showing strength by sustaining above 50 levels. Support placed at 43600, 43500 and 43350 and resistance at 43800, 44000 and 44200,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
“Bank Nifty continued to face selling pressure from a higher level and the index closed below the level of 44000. The highest open interest on the call side is built up at 44000 Ce stroke and a break above this will resume the up move. The downside support stands at 43500 and a break below this will accelerate the down move,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.