Feb 2, 2024
Share Market Highlights: Nifty settles above 17500, Sensex down 130 pts; Bank Nifty ends above 40000, FMCG, Metal gain
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session marginally lower. The NSE Nifty 50 fell 43.05 or 0.25% to 17,511.25 and BSE Sensex plunged 139.18 pts or 0.23% to 59,605.80. Bank Nifty rose 5.65 pts or 0.01% to 40,001.55. The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab and IndusInd Bank.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:40 (IST) 23 Feb 2023 Top gainers/losers
The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab and IndusInd Bank.
15:40 (IST) 23 Feb 2023 Bank Nifty settles above 40000
Bank Nifty rose 5.65 pts or 0.01% to 40,001.55.
15:39 (IST) 23 Feb 2023 Nifty, Sensex end lower
The NSE Nifty 50 fell 43.05 pts or 0.25% to 17,511.25 and BSE Sensex plunged 139.18 pts or 0.23% to 59,605.80.
14:48 (IST) 23 Feb 2023 Nifty could fall to 17,035-16,600 if it closes below 17,500 or break 17,350
“The ratio Chart of Nifty 500 (India) vs S&P 500 (USA) has seen a pullback to its important support of 3.60-3.65 from where one can expect a reversal. This means the underperformance in US markets should stop and can possibly reverse to outperformance in the next 2-3 months. Worst Case Scenario: If we do close below 17,500 or break 17,350 – Expect lower targets of 17,035 & 16,600 in the coming weeks. Above levels will help us navigate this phase of “make or break” for the Indian Indices,” – Rahul Sharma, Director & Head – Research, JM Financial Services Ltd.
14:45 (IST) 23 Feb 2023 Nifty’s crucial demand area seen around 17,500-17,450; possible reversal expected
“Post the Ukraine-Russia crisis, markets are getting into a 200 DEMA stress test for the third time now. Earlier lows were 16,747 in September 22, 17,353 in early Feb & today’s low of 17,455. 17,500-17,450 is a crucial demand area from where one can expect a possible reversal on the charts. Bullish RSI Divergence is seen on daily charts of Nifty. BN remains a weaker link & needs a strong thrust of short-covering + fresh buying. PCR bouncing back from oversold territory in Nifty & Bank Nifty. FII Cash selling has subsided in last 10-11 trading sessions while primary bearish action has been in Derivatives, especially Bank Nifty.” – Rahul Sharma, Director & Head – Research, JM Financial Services Ltd.
12:13 (IST) 23 Feb 2023 ZEEL, Soma Textiles among volume gainers
Delta Manufacturing, Soma Textiles & Industries, Indian Card Clothing Company, Zee Entertainment Enterprises, Jullundur Motor Agency (Delhi), Sanghi Industries are among the volume gainers on the NSE index.
12:12 (IST) 23 Feb 2023 Adani Total Gas, Adani Green Energy among those that hit 52-week lows
Alternatively, 162 stocks including HIL, Tatva Chintan Pharma Chem, Shaily Engineering Plastics, Godrej Properties, G R Infraprojects, Angel One, Indigo Paint, Adani Total Gas, Adani Transmission, Motilal Oswal Financial Services, Century Textiles & Industries Limited, Amrutanjan Health Care, Jindal Poly Films, SMS Lifesciences India, HLE Glascoat, Adani Green Energy, IFB Agro Industries, Paras Defence and Space Technologies, Thyrocare Technologie, BSE, Godrej Agrovet, Stove Kraft, Laurus Labs, Biocon, Zee Entertainment Enterprises are at 52 week lows.
12:11 (IST) 23 Feb 2023 Blue Star, Carysil among those that hit 52-week highs
On the NSE Nifty, 17 stocks hit their 52 week highs including Fourth Dimension Solutions, Aaron Industries, Blue Star, Carysil, Cyient, Equitas Small Finance Bank, Finolex Cables, GNA Axles, ITC, NMDC Steel, Goyal Aluminiums, Vinny Overseas, NINtec Systems among others.
12:11 (IST) 23 Feb 2023 Adani Wilmar, Adani Transmission among those that hit lower price band
53 stocks hit their lower price band including Adani Power, Adani Wilmar, Adani Green Energy, Adani Total Gas, Adani Transmission, Indiabulls Enterprises, SVP Global Textiles, Cerebra Integrated Technologies, Focus Lighting and Fixtures. Additionally, 21 scrips hit both bands.
12:10 (IST) 23 Feb 2023 Eros International, Eros International among those that hit upper price band
On the NSE Nifty, 32 stocks hit their upper price band. Fertilizers and Chemical Travancore, Sanghi Industries, Lambodhara Textiles, Vinny Overseas, Refex Industries, McLeod Russel India, Eros International Media were among the scrips.
12:08 (IST) 23 Feb 2023 ITC, TCS among top gainers, Titan falls
On the NSE Nifty index, the top winners are ITC, UPL, Coal India, TCS, Tata Steel with ITC up 2.32%. The biggest laggards are Asian Paints, HDFC Life, IndusInd Bank, Titan and HDFC Bank, with Asian Paints down 2.47%.
12:07 (IST) 23 Feb 2023 Adani Enterprises, RIL among most active stocks
HDFC Bank, Adani Enterprises, ICICI Bank, Reliance Industries and HDFC are the most active Nifty 50 stocks intraday.
10:13 (IST) 23 Feb 2023 Biocon shares fall over 1%
Biocon shares fell 1.22% to Rs 219.45 on Thursday. Meanwhile, the biopharmaceutical company fulfilled its payment obligation and fully redeemed Commercial Papers of Rs 2,250 crore. Additionally, Kotak Special Situations Fund announced an investment of Rs 1,070 crore in Biocon.
10:12 (IST) 23 Feb 2023 ZEEL shares tank 10%
Zee Entertainment Enterprises shares were locked in the lower circuit, falling 10% to Rs 185.35 after National Company Law Tribunal (NCLT) admitted an insolvency petition against the company. The petition has been filed by IndusInd Bank, under Section 7 of the Insolvency and Bankruptcy Code (IBC). This might pose a hurdle for ZEEL’s merger with Sony Pictures Networks.
09:24 (IST) 23 Feb 2023 Top gainers/losers
The top gainers on the Nifty were HCL Tech, ONGC, JSW Steel, Coal India and Tata Steel while the top losers were Adani Ports, Titan, Divis Lab, Asian Paints and Adani Enterprises.
09:23 (IST) 23 Feb 2023 Nifty, Sensex open on flat note
The NSE Nifty 50 fell 7.25 pts or 0.04% to 17,547.05 and BSE Sensex dipped 21.03 pts or 0.04% to 59,723.95.
09:14 (IST) 23 Feb 2023 Nifty, Sensex end pre-open in green
Indices ended pre-open in green. The NSE Nifty 50 rose 20.35 pts or 0.12% to 17,574.65 and BSE Sensex climbed 32.66 pts or 0.05% to 59,777.64.
08:58 (IST) 23 Feb 2023 Vodafone Idea under F&O ban
The National Stock Exchange has Idea shares on its F&O ban list for 22 February. According to the NSE, the stock 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.
08:57 (IST) 23 Feb 2023 FII/DII data
Foreign institutional investors (FII) sold net shares worth Rs 579.82 crore, while domestic institutional investors (DII) acquired equities worth Rs 371.56 crore on 22 February, according to the provisional data available on the NSE.
08:57 (IST) 23 Feb 2023 Crude oil prices rise
Oil prices rose slightly in thin Asian trade on Thursday, pausing from a six-day losing streak fed by mounting concerns that more aggressive interest rate increases by central banks could pressure economic growth and fuel demand. Oil has also been pressured by signs of further crude inventory builds. U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.
08:56 (IST) 23 Feb 2023 Bank Nifty can witness pullback rally towards 40600/ 40800
“The Bank Nifty index continued to witness selling pressure from the higher levels. The index is now trading in oversold territory and if it sustains above 40000 can witness a pullback rally towards 40600/ 40800 levels,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
08:56 (IST) 23 Feb 2023 Bank Nifty stop loss at 39300 level is necessary
“Bank Nifty to fall towards the next support which is at 39500 or 39400, which was also the budget day low. If Bank Nifty falls to the 39500 level then enter contra trade, however, stop loss at the 39300 level is necessary. Resistance will lie at the 40100 and 40350 levels,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
08:55 (IST) 23 Feb 2023 Bank Nifty’s next support located at the 39500
“The 40000 level serves as a support for Bank Nifty future; if this level is broken, Bank Nifty future may go towards its next support, which is located at the 39500 level,” said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
08:55 (IST) 23 Feb 2023 Bank Nifty support placed at 39750
“After yesterday’s brutal sell-off, next support for Nifty Bank will be at 39750 on the Daily charts. A close below this level could lead to a target of 39420. Strong resistance will be at 40673,” said A R Ramachandran from Tips2trades.
08:55 (IST) 23 Feb 2023 Nifty resistance placed at 17775 – 17820 levels
“Both price and momentum indicators are suggesting a further decline in Nifty in the coming trading session. On the way down we expect the Nifty to retest the recent swing low of 17350 which coincides with the 200-day simple moving average and the recent swing low it touched on the day of Budget. On the upside the hourly moving averages and the gap area formed today in the range 17775 – 17820 shall act as a stiff resistance,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
08:55 (IST) 23 Feb 2023 Nifty’s next support seen near 17000
“Technically, the immediate support level for Nifty future on the downside is at 17350; if it drops below that level, the next support would be close to 17000,” said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
08:54 (IST) 23 Feb 2023 Nifty to test its 200-DMA which is placed around 17350
“Technically, the Nifty experienced selling pressure from the 18100-18200 supply zone, where the Adani Saga began. Nifty is likely to complete its unfinished business to test its 200-DMA, which is currently placed around 17350. The same is true for Banknifty, where the 200-day moving average is located near the 39300 level. The Nifty should continue to respect its 200-day moving average since the long-term picture is still favourable; at this level, we can anticipate fresh buying enthusiasm,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
08:54 (IST) 23 Feb 2023 Nifty could slip to 17500-17475 if it trades below 17600
“For the traders now 17600 would be the key level to watch out for and above the same the pullback move will continue till 17700-17750. On the flip side, below 17600 the index could slip till 17500-17475. Contra traders can take a long bet near 17475 with a strict support loss at 17440,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
07:54 (IST) 23 Feb 2023 US markets conclude on a mixed note
The US stock market ended the overnight session mixed with Dow Jones Industrial Average falling 0.26%, S&P500 dropping 0.16% while Nasdaq rose 0.13%.
07:53 (IST) 23 Feb 2023 Asian markets trade mixed
Asian markets were trading mixed with China’s Shanghai Composite index rising 0.40%, Hong Kong’s Hang Seng climbing 0.18% and South Korea’s KOSPI advancing 1.09% while Japan’s Nikkei 225 fell 1.34%.
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