Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian stock indices ended Wednesday’s volatile session in the red with Sensex closing the day above 60,100 and Nifty below 17,900. The BSE Sensex fell 9.98 points or 0.02% ending at 60,105.50 and NSE Nifty 50 dropped 18.45 points or 0.10% to 17,895.70. During the day Bharti Airtel fell over 5% with Nifty 50 fluctuation between 17,824.35 and 17,976.35. The top performers of the index were Hindalco, BPCL and Sun Pharma while the top losers were Bharti Airtel, Cipla and Divis Lab. In the sectoral indices, Bank Nifty rose 0.52%, Nifty IT rose 0.33% while Nifty FMCG fell 1.13%.
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The top gainers of the BSE Sensex were Sun Pharma (up 1.70%), UltraTech Cement (up 1.58%), HDFC Bank (up 1.37%), TCS (up 1.30%) and Tata Motors (up 1.21%) while Bharti Airtel (down 3.46%), Hindustan Unilever (down 1.89%), Reliance Industries Ltd (down 1.27%), Nestle India (down 1.25%) and Titan (down 1.20%) were the losers.
In the sectoral indices, Bank Nifty rose 0.52%, Nifty IT rose 0.33% while Nifty FMCG fell 1.13%.
The BSE Sensex fell 9.98 points or 0.02% ending at 60,105.50 and NSE Nifty 50 dropped 18.45 points or 0.10% to 17,895.70.
The most active equities of Nifty are Bharti Airtel, ICICI Bank, Reliance Industries, HDFC Bank, TCS, Infosys and Tata Motors.
Onelife Capital Advisors, Raj Rayon Industries, BPL, PTC India, Compucom Software and R.P.P. Infra Projects are the top volume gainers of the day on NSE. Tata Motors, Infosys, ICICI Bank, Reliance, Bajaj Finance, Bharti Airtel and TCS were among the volume toppers on the BSE Sensex-30 index.
On the NSE Nifty, 24 stocks rose to hit fresh 52-week highs. 3P Land Holdings Ltd, Bombay Super Hybrid Seeds Ltd, CG Power and Industrial Solutions Ltd, Foods & Inns Ltd, Generic Engineering Construction and Projects Ltd, Indiabulls Enterprises Ltd, Jindal Steel & Power Ltd, Magnum Ventures Ltd, Madhya Bharat Agro Products Ltd and many others were among those to hit the highs.
“The biggest drag on the market in the near term is the sustained selling by FIIs for thirteen continuous sessions, which has taken the cumulative cash market selling to Rs 16,587 crores. Higher valuations in India and attractive valuations in markets like China are nudging the FIIs to sell in India and move money to cheaper markets. Even though this is a short-term challenge, this can also turn out to be an opportunity for long-term investors. Last year, too, FIIs sold heavily in the early months and DIIs/ retail, who absorbed all FII selling, made big profits when the market recovered. Bank stocks are down due to FII selling, but the segment is doing well and Q3 results will be good. The market will respond to the results.” – Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
In the late morning session, domestic indices recovered with BSE Sensex rising 194.9 pts or 0.32% to 60,310.38 and NSE Nifty advanced 47.35 pts or 0.26% to 17,961.50.
Uttam Sugar Mills shares surged over 4% to Rs 318.05 after the sugar producer said that its board has approved enhancement in the distillery capacity (ethanol) from 150 kilo litres per day (KLPD) to 250 KLPD at Barkartpur plant of the company.
Cupid shares rose 2.14% to Rs 278.80 after the company said that it has received a purchase order from UNFPA for a supply of male condoms and water-based lubricant worth Rs 5.21 crore.
In the sectoral indices, Nifty Bank was down 0.53%, Nifty Pharma was down 0.43%, Nifty PSU Bank was down 1.15% and Nifty Auto was down 0.60% while Nifty IT rose 0.53%, Nifty Metal advanced 0.42%. The volatility index India VIX was up 3.75% at 16.09.
In the broader market, the BSE MidCap and SmallCap indices were trading flat with negative bias.
Tata Motors, Tata Steel, Tech Mahindra, Infosys and TCS were among the major gainers on Sensex, while Bharti Airtel, Hindustan Unilever, Mahindra & Mahindra, Reliance Industries Ltd, and Axis Bank were the losers.
Tata Motors shares rose 1.22% to Rs 418.10 after the company informed bourses that its subsidiary Tata Passenger Electric Mobility has completed the acquisition of Sanand property and the VM plant and machinery of Ford India. Both companies had executed a Unit Transfer Agreement in August 2022 for the acquisition of Ford India’s manufacturing plant at Sanand, Gujarat, for Rs 725.7 crore.
Indian equity indices extended Tuesday’s losses and opened in red on Wednesday. BSE Sensex fell 138.75 points or 0.23% to 59,976.73 and NSE Nifty dipped 30.15 pts or 0.17% to 17,884.00 in the opening session.
Equity indices ended the pre-opening session flat with a positive bias. The 30-share BSE Sensex rose 0.03% and NSE Nifty 50 increased 0.06%.
Foreign institutional investors (FII) sold shares worth a net Rs 2109.34 crore while domestic institutional investors (DII) bought shares worth a net Rs 1806.62 crore on Tuesday, January 10, 2023, according to the data available on NSE.
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Wednesday, January 11, 2023. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Indiabulls Housing Finance are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday.
The dollar index, which measures the dollar against six major currencies, rose 0.058% to 103.31, hovering close to seven-month low. The Japanese yen weakened 0.05% to 132.33 per dollar, while sterling was last trading at $1.2146, down 0.07% on the day.
On Tuesday, BSE Sensex fell 631.83 pts or 1.04% to close at 60,115.48, and NSE Nifty 50 was down 187 points or 1.03% at 17,914.20.
Asian markets were trading higher today with Hong Kong’s Hang Seng index rising 1.29%, Shanghai Composite in mainland China climbing 0.27% and Japan’s Nikkei225 advanced 1.05%.
The US equity indices ended Tuesday’s session in green. The S&P 500 rose 27.16 points or 0.70% to 3,919.25, the Nasdaq advanced 106.98 pts or 1.01% to 10,742.63 and the Dow closed 186.45 pts or 0.56% higher at 33,704.10.
“Global bourses reversed their recent gains as Fed officials stated that policymakers would raise the rate beyond 5% and hold on for a while. Sentiments in the domestic market were further dampened by the muted start to the IT earnings season, along with their cautious commentary on the demand environment. Investors are anticipating key inflation numbers on Thursday, to gain clarity on the Fed’s future plans.”- Vinod Nair, Head of Research at Geojit Financial Services
“Following a day of pause, the Nifty dropped sharply, falling below the previous session's low. A bearish engulfing pattern on the daily chart points towards a further correction. The index, however, has been hovering within the bands of 17,750 and 18,250. A decisive breakout on either side may trigger a strong directional move.” – Rupak De, Senior Technical Analyst at LKP Securities