Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indices ended Wednesday’s session in the green territory. The BSE Sensex rose 242.83 pts or 0.40% to 61,275.09 and NSE Nifty 50 jumped 86.00 pts or 0.48% to 18,015.85. The top gainers of the Nifty 50 were Tech Mahindra, Apollo Hospital, Eicher Motor, Reliance and Bajaj Finserv while the losers were Hindustan Unilever, Sun Pharma, ONGS and Larsent & Toubro.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Highlights Wednesday 15 February
“Markets were slightly volatile in early trades but recovered in late trades to end with steady gains as investors mostly resorted to selective buying. Traders are taking a cautious approach currently due to uncertainty in global markets and the trend could continue for some more time. Technically, post the 17900 breakout the market is comfortably trading above 17850, which is largely positive. The Nifty has also formed a bullish candle and a higher bottom formation on intraday charts which supports further uptrend from the current levels. For the trend following traders, 17900 would act as a key support zone, above which the index could move up to 18100-18150. On the flip side, below 17900, bulls may prefer to exit out from the trading long position.” – Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
“The US inflation, though it slowed down compared to the previous month, came in higher than expected at 6.4% YoY. Higher inflation, combined with a strong labour market, has raised concerns that the Fed will remain hawkish for an extended period. Despite a sluggish start in the domestic market, recovery in the IT and auto sectors contributed to a positive finish. A reversal in the FII pattern to net buying has also helped maintain optimism in the domestic market.” – Vinod Nair, Head of Research at Geojit Financial Services.
“Finally, the Frontline Index has surpassed the high of the big Budget Day candle and closed just above the psychological 18,000 mark. Despite the weak start Nifty managed to recover from its losses and witnessed a triangle pattern breakout in the lower time frame (30 mins). Two consecutive bullish candles on the daily chart indicate bulls are back in action and the index also closed above its 9 & 21 EMA which is positive for the short term. The positive takeaway was that the Nifty technical landscape looked bullish and the benchmark now should aim to sustain above the 18,000 mark. The immediate cap for the index is seen at 18,200 levels and 17,900 will act as instant support for tomorrow's weekly expiry day.” – Rohan Patil, Technical Analyst, SAMCO Securities
“BANK NIFTY index witnessed buying from the lower level and the bulls managed to hold the support of 41,400. The index on the upside immediately faces a hurdle at 42,000 where the highest open interest is built up on the call side. The index remains in a buy-on-dip mode and once surpasses the level of 42,000 will witness a sharp short covering towards the 43,000-43,500 levels.” – Kunal Shah, Senior Technical Analyst at LKP Securities.
“Nifty has given a falling channel breakout on the daily timeframe, suggesting a bullish reversal of the price trend. The trend looks positive now for the near term, with the 14 DMA sitting below price. The momentum indicator RSI is in support of the price trend, with a current reading above 50. Over the near term, the index may move up towards 18350–18400. On the lower end, support is placed at 17950.” – Rupak De, Senior Technical Analyst at LKP Securities.
“The Nifty has managed to break above the 17972 (high of budget day) which is a bullish sign. With the daily and hourly momentum indicators having a positive crossover, the upmove is likely to gather speed on the upside. Expansion of hourly Bollinger bands and prices moving along the upper band suggests that the positive momentum is likely to continue. On the way up the Nifty is likely to target the zone of 18100 – 18120 which coincides with the 50% Fibonacci retracement level (18120) of the December, 2021 to February2022 decline. Thus, all parameters are suggesting towards further upside in the Index.” – Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
The top gainers of the Nifty 50 were Tech Mahindra, Apollo Hospital, Eicher Motor, Reliance and Bajaj Finserv while the losers were Hindustan Unilever, Sun Pharma, ONGS and Larsent & Toubro,
The BSE Sensex rose 242.83 pts or 0.40% to 61,275.09 and NSE Nifty 50 jumped 86.00 pts or 0.48% to 18,015.85.
The Nifty IT index has risen over 6% year to date compared to a 14% surge in tech-heavy Nasdaq. In 2022, the Covid-19 pandemic accelerated the shift towards remote work and digitisation, leading to an increase in demand for IT products and services, taking the Nifty IT index above 36,800. But as questions arose over the valuation of IT stocks, the index fell below 26,200 in the later half of 2022. But, this year, IT has outperformed the Nifty 50 YTD, owing to better than expected financial results and the recent surge can be due to the Adani-Hindenburg saga.
Reliance Industries, Bajaj Finance, Tata Steel, ITC, Tech Mahindra, ICICI Bank are among the volume toppers on the BSE Sensex-30 index.
Alternatively, 129 stocks including Bharat Rasayan, Bharat Rasayan, BASF India, Balaji Amines, Venky’s (India), Bata India, Polyplex Corporation, Adani Total Gas
On the NSE Nifty, 25 stocks hit their 52 week highs including Siemens, APL Apollo Tubes, H.G. Infra Engineering, Cigniti Technologies, Finolex Cables, Mrs. Bectors Food Specialities, Linc among others.
National Stock Exchange (NSE), has signed a data licensing agreement with CME Group, the world’s leading derivatives marketplace, allowing NSE to list, trade and settle rupee denominated NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts for Indian market participants.
On the flip side, 197 stocks fell to their 52 week lows. Venky’s (India), Uflex, Vipul Organics, Stovec Industries, TCNS Clothing, Thyrocare Technologies, TV Today Network, Shri Bajrang Alliance, Shilpa Medicare, Sambandam Spinning Mills, Sahyadri Industries, Ramco Systems, Rajapalayam Mills, Polyplex Corporation, Loyal Textile Mills, Matrimony.com, Mangalam Organics, KSE, Jindal Poly Films, Hitech Corporation, Excel Industries, Graphite India, GE Power India, EKI Energy Services, Adani Green Energy
On the BSE Sensex, 58 stocks rose to hit fresh 52 week highs. H.G. Infra Engineering, Jindal Saw, Finolex Cables, Cigniti Technologies, Mrs. Bectors Food Specialities, APL Apollo Tubes, Chaman Lal Setia Exports, Linc, KPT Industries, KCD Industries India, MPS, Praveg, Prima Plastics, Siemens, Shilchar Technologies, Taylormade Renewables, Zen Technologies and many others were among those to hit these highs.
On the NSE Nifty index, the top winners are Eicher Motors, Apollo Hospital, Adani Enterprises
Reliance Industries, Adani Enterprises, Apollo Hospital, HDFC Bank and Eicher Motors are the most active Nifty 50 stocks intraday.
The top gainers on Sensex were Reliance Industries Ltd, Mahindra & Mahindra, Tata Steel, State Bank of India and Maruti while the top losers were ITC, Hindustan Unilever, TCS, Larsen & Toubro and Sun Pharma.
The BSE Sensex fell 205.27 points or 0.34% to 60,826.99 and NSE Nifty 50 dipped 57.90 pts or 0.32% to 17,871.95.
Foreign institutional investors (FII) bought shares worth a net Rs 1305.3 crore while domestic institutional investors (DII) purchased shares worth a net Rs 204.79 crore on Tuesday, February 14, 2023, according to the data available on NSE. For the month till February 14, FIIs sold shares worth a net Rs 2,786.52 crore while DIIs bought shares worth a net Rs 7,179.53 crore. In the month of January, FIIs sold shares worth a net of Rs 41,464.73 crore while DIIs purchased equities worth a net of Rs 33,411.85 crore.
BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday, February 15. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
“The Nifty opened on a positive note and continued to inch higher throughout the day to close around the highs for the day. It closed with gains of ~159 points. On the daily charts, we can observe that the Nifty has managed to close above the immediate hurdle zone of 17850 – 17900 which takes the bulls in a position of advantage. The hourly Bollinger bands have begun to expand indicating expansion in volatility and with prices trading along the upper band suggest that the positive momentum is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal. Thus both price and momentum indicators is suggesting further upside in the Index. On the upside, we expect the Nifty to test the upper end (18100) of the downward sloping channel from short term perspective.” – Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
“The Nifty index witnessed strong buying momentum from the lower level and it surpassed the hurdle of 17900 on a closing basis. The index remains in a buy mode as long as it holds the support of 17700 on the downside. The momentum oscillator are in the strong buying zone which confirms the strength.” – Rupak De, Senior Technical Analyst at LKP Securities.
“The Bank Nifty index managed to hold the support of 41000 where the huggers open interest is built up on the put side. The index has surpassed the immediate hurdle of 41500 which had the highest open interest build up on the call side. The index next hurdle is at 42000 and once surpassed will witness sharp short covering towards 43000-43500 levels.” – Kunal Shah, Senior Technical Analyst at LKP Securities.
“USA reported its CPI number at 6.4% for the month of January which came in higher than the expected 6.2%. The inflation in the USA has been now declining for 8 months in a row but the pace of decline is not very encouraging. The core inflation also remains sticky at 5.6% vs 5.7% in previous months. The Fed in its latest meet had slowed the pace of rate hike to 25 bps but now with USA CPI inflation coming in higher than expected and the job market remaining strong, a stronger rate hike in the upcoming meet can’t be ruled out. Although the latest USA CPI print has not deteriorated but the sticky nature of it would keep the Fed and global central bankers on their toes.” – Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities.
The US markets concluded the overnight session mostly in red. The Dow Jones Industrial Average fell 156.66 pts or 0.46% to 34,089.27, S&P 500 dropped 1.16 pts or 0.03% to 4,136.13 while the tech-heavy Nasdaq closed 68.36 pts or 0.57% higher at 11,960.15.
Asian markets were trading lower in early morning trade with China’s Shanghai Composite index falling 8.63 pts or 0.26% to 3,284.65, Hong Kong’s Hang Seng dropped 346.41 pts or 1.64% to 20,767.06, Japan’s Nikkei 225 dipped 42.35 pts or 0.16% to 27,559.95 and South Korea’s KOSPI sank 23.55 pts or 0.96% to 2,442.09.