Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session broadly in green. The NSE Nifty 50 jumped 165.95 points or 0.92% to 18,255.8 and BSE Sensex surged 555.95 points or 0.91% to 61,749.25. In sectoral indices, Bank Nifty skyrocketed 372.75 points or 0.86% to43,685.45, Nifty Financial Services soared 297.1 points or 1.55% to 19,479.35 and Nifty PSU Bank zoomed 51.15 points or 1.23% to 4,194.35. The top gainers on Nifty 50 were Adani Enterprises, Bajaj Finance, HDFC, SBI Life and HDFC Bank while the losers were IndusInd Bank, UPL, Nestle India, Power Grid and ITC.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
Benchmark indices NSE Nifty and BSE Sensex ended Thursday’s session broadly in green. “Following a widely expected rate hike by the Fed and consistent foreign support, the domestic equities resumed its bullish momentum, driven by gains across major sectors. However, the US market faced losses as the Fed reiterated concerns over elevated inflation despite softening its language on future rate hikes. Signs of returning contagion fears in regional US banks also weighed on the global market mood,” said Vinod Nair, Head of Research at Geojit Financial Services.
Shoonya has taken a business decision to support its affected customers and to cover their losses due to a technical issue on April 13th, 2023. The company has covered the losses worth Rs. 3.5 crore as on 3rd May 2023, and the process of resolving customer disputes is progressing fast. The company resolved the said technical issue with a thorough audit and mock trades, ensuring normalcy to its platform from the very next trading session. The impact of this issue was restricted only to the customers who tried logging their first trades between 9:15 AM and 9:30 AM on the said day.
The top gainers on Nifty 50 were Adani Enterprises, Bajaj Finance, HDFC, SBI Life and HDFC Bank while the losers were IndusInd Bank, UPL, Nestle India, Power Grid and ITC.
In sectoral indices, Bank Nifty skyrocketed 372.75 points or 0.86% to 43,685.45, Nifty Financial Services soared 297.1 points or 1.55% to 19,479.35 and Nifty PSU Bank zoomed 51.15 points or 1.23% to 4,194.35.
The NSE Nifty 50 jumped 165.95 points or 0.92% to 18,255.8 and BSE Sensex surged 555.95 points or 0.91% to 61,749.25.
HDFC share price jumped 2.65% to Rs 2862.5 after the company announced its net profit for the fourth quarter at Rs 7,623.58 crore, up 18% from Rs 6,458.51 crore in the same quarter last year. The board also announced an interim dividend of Rs 44 per equity share of face value of Rs 2 each for the financial year ended March 2023, compared to a final dividend of Rs 30 per equity share in the previous year.
The NSE Nifty 50 jumped 166.2 points or 0.92% to 18,256.05 and BSE Sensex surged 560.23 points or 0.92% to 61,753.53. In sectoral indices, Bank Nifty skyrocketed 372.2 points or 0.86% to 43,684.90.
FMCG major Dabur's shares slip 1.7% to Rs 529.1 in trade on disappointing Q4FY23 earnings result. The net profit dropped 0.5% on-year at Rs 292.7 crore while revenue was Rs 2,678 crore.
The share price of Adani Group’s flagship firm Adani Enterprises gained up to 4% today to touch Rs 1,912.7 per equity share ahead of the earnings results announcement for the quarter ended March. Adani Enterprises’ shares have seen heightened volatility over the past few months as a result of the controversial Hindenburg Research report. The report – alleging that the Group and leader, Gautam Adani willingly manipulated stock prices, misled investors and misused shell corporations – was disseminated on 24 January.
Consolidated Finvest & Holdings, Raj Rayon Industries, Bajaj Consumer Care, Malu Paper Mills, Mirza International, Jullundur Motor Agency (Delhi) Limited, BEML, Apollo Micro Systems are among the volume gainers on the NSE index.
Alternatively, 2 stocks including V-Mart Retail and Virinchi are at 52 week lows.
On the NSE Nifty, 66 stocks hit their 52 week highs including Indiamart, Dr. Reddy’s Laboratories, Oracle Financial Services Software, ABB India, Siemens, GRP, Hindustan Aeronautics, Apar Industries, Power Mech Projects, Ganesha Ecosphere, Bharat Dynamics, Cholamandalam Investment and Finance Company, Cigniti Technologies, Surya Roshni, Divgi Torqtransfer Systems, Mrs. Bectors Food Specialities, Gravita India, Wonderla Holidays, Fusion Microfinance, Action Construction Equipment, Sanghvi Movers, VA Tech Wabag, Magadh Sugar & Energy, Pondy Oxides & Chemicals, Hardwyn India, Apollo Tyres, Mahindra & Mahindra Financial Services and Ramkrishna Forgings among others.
On the NSE Nifty, 60 stocks hit their upper price band. Tata Teleservices (Maharashtra), Mizra International, Brightcom Group, Sanghi Industries, RattanIndia were among the scrips. 17 stocks hit their lower price band including IndoStar Capital Finance, Osia Hyper Retail, Axita Cotton, Focus Lighting and Fixtures, Kohinoor Foods. 9 scrips hit both bands.
On the NSE Nifty index, the top winners are Adani Enterprises, SBI Life, Bajaj Finance, BPCL, Asian Paints, with Adani Enterprises up 3.53%. The biggest laggards are Power Grid, Tata Consumer, ICICI Bank, ONGC, IndusInd Bank, With Power Grid down 1.71%.
HDFC Bank, ICICI Bank, HDFC, Adani Enterprises and SBI are the most active Nifty 50 stocks intraday.
Sectorally, most indices traded higher, however, Nifty Realty and Nifty FMCG fell up to 0.34%. Nifty Metal, Nifty Financial Services, Nifty PSU Bank clocked gains.
The broader markets traded in the green as Nifty Next 50 gained 0.61%. Nifty Midcap 100 and Nifty Smallcap 100 added 0.49% and 0.62% respectively. Nifty Microcap outperformed, adding 1.24% in gains.
Rakesh Jhunjhunwala, also known as the ‘Big Bull’, made a wise investment in Tata Group’s Titan in FY 2003, buying shares for just Rs 40 each. This investment proved to be a success, with Jhunjhunwala and his wife, Rekha Jhunjhunwala, owning as much as 8.75% of the company’s shares by March 2016. However, Trendlyne data shows that Jhunjhunwala had been gradually reducing their stake in the company, and his family’s combined shareholding fell to 5.05% by the end of the 2021-2022 financial year.
After showing consistent up moves in the last six sessions, Nifty shifted into a minor profit-booking mode on Wednesday and closed the day lower by 57 points. The short-term trend of Nifty seems to have cooled off after a decent upside movement. There is a possibility of further consolidation or minor weakness for the next 1-2 sessions before showing an upside bounce from the higher lows. Immediate support is at 17900 levels.
Adani Wilmar shares rose 0.45% to Rs 399.45 despite the company's fiscal net profit tumbling 60.1% to Rs 93.61 crore from Rs 234.29 crore in the same quarter last year. The FMCG company posted revenue from operations of Rs 13,872.64 crore, down 7% from Rs 14,917.26 crore in Q4FY22
Adani Enterprises shares jumped 2.5% to Rs 1884.6 ahead of the quarterly results announcement.
Titan share price rose 0.83% to Rs 2,676.1 today after the company recommended a dividend of Rs 10 per equity share and reported a 50% jump in its standalone net profit to Rs 734 crore for the quarter ended March 2023 against a net profit of Rs 491 crore in the year-ago period.
The top gainers on the Nifty 50 were Adani Enterprises, JSW Steel, SBI Life, HDFC Life and Tata Steel while the losers were HCL Tech, Tech Mahindra, ONGC, Power Grid and ICICI Bank.
In sectoral indices, Bank Nifty climbed 30.85 points or 0.07% to 43,343.55 and Nifty PSU Bank jumped 22.75 points or 0.55% to 4,165.95.
The NSE Nifty 50 rose 15.25 points or 0.08% to 18,105.1 and BSE Sensex rose 25.38 points or 0.04% to 61,218.68.
Domestic indices ended the pre-opening session on a flat note. The NSE Nifty 50 fell 8.85 points or 0.05% to 18081 and BSE Sensex rose 64.83 points or 0.11% to 61,258.13.
The National Stock Exchange has Manappuram Finance securities on its F&O ban list for 4 May. According to the NSE, stocks are prohibited in the F&O sector when 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.
Foreign institutional investors (FII) bought shares worth net Rs 1,338 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 583.99 crore on May 3, according to the provisional data available on the NSE.
Oil prices fell over 1% on Thursday, deepening steep losses in recent days, after the U.S. Federal Reserve increased interest rates and investors worried about a weakening global economy that could dent energy demand. Brent futures fell 76 cents, or 1.1%, to $71.57 a barrel by 0002 GMT. U.S. West Texas Intermediate crude (WTI) fell $1, or 1.5%, to $67.60 a barrel. This marked the lowest settling figure for both benchmarks since December 2021. Both Brent and WTI have fallen over 10% since the start of this week.
“Bank Nifty’s short-term range remains intact at 43000-43500. A decisive move on either side may induce a directional move in the index. Immediate support is visible at 43150. On the other hand, a move above 43500 may induce a rally towards 44000,” said Rupak De, Senior Technical Analyst at LKP Securities.