Share Market Highlights- Nifty settles below 19400, Sensex tanks 200 pts; Bank Nifty below 44650, Adani Ent, Tata Motors fall
Share Market Highlights: Nifty settles below 19400, Sensex tanks 200 pts; Bank Nifty below 44650, Adani Ent, Tata Motors fall Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Wednesday’s session in the red. The NSE Nifty 50 sank 55.10 points or 0.28% to 19,384.30 and BSE Sensex tumbled 223.94 points or 0.34% to 65,393.90. In sectoral indices, Bank Nifty plunged 105.60 points or 0.24% to 44,639.45, Nifty Financial Services fell 0.23%, Nifty IT tanked 0.71% and Nifty Private Bank declined 0.29% while Nifty FMCG rose 0.18%, Nifty Pharma gained 0.30% and Nifty PSU Bank surged 0.83%. The top gainers on Nifty 50 were ONGC, Eicher Motors, Nestle India, Kotak Bank and SBI Life while the losers were Adani Enterprises, Tata Motors, UltraTech Cement, Infosys and Adani Ports.Live Updates Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s session in the red. “The range-bound movement in the Indian indices was influenced by the likelihood of subdued IT earnings. While optimism about moderation in US inflation supported the broad index. Further, an uptick in domestic food inflation on the back of higher mandi prices trending above MSP and muted Kharif sowing forced the investors to be cautious. Monsoon progress and the Kharif sowing trend in July are the keys to the future inflation trend,” said Vinod Nair, Head of Research at Geojit Financial Services. Check Support & Resistance The NSE Nifty 50 tumbled 55.10 points or 0.28% to 19,384.30 and BSE Sensex plunged 223.94 points or 0.34% to 65,393.90. Elgi Equipments, Delta Corp, Nazara Technologies, Aarti Drugs, Onward Technologies, Just Dial, JB Chemicals & Pharmaceuticals, Poly Medicure, Sakuma Exports, Mtar Technologies, Aurum PropTech, Panache Digilife, Sundaram Brake Linings, Marksans Pharma, Ashoka Metcast, Vinati Organics, Hercules Hoists, TCPL Packaging, Syrma SGS Technology, EIH, Premier Explosives, and Zen Technologies were among the volume gainers. Jet Airways (India), NIIT, Sadhana Nitrochem, Arshiya, Cerebra Integrated Technologies, Dangee Dums, Future Lifestyle Fashions, Paras Petrofils, Sri Adhikari Brothers Television Network, and Tirupati Forge were among 10 stocks that hit 52-week lows. 360ONE WAM, 5Paisa Capital, ABB India, Action Construction Equipment, Akzo Nobel India, Anand Rathi Wealth, Apollo Tyres, Ashoka Metcast, Avalon Technologies, Bharat Bijlee, Black Box, Bombay Burmah Trading Corporation, Bharti Airtel, Bharat Heavy Electricals, BSE, Carysil, Castrol India, Centum Electronics, CG Power and Industrial Solutions, CIE Automotive India, Colgate Palmolive (India), Craftsman Automation, Cyient DLM, Data Patterns (India), D.B.Corp, D P Wires, EIH, Elgi Equipments, eMudhra, Endurance Technologies, Engineers India, Exide Industries, Gabriel India, Geekay Wires, Goldstone Technologies, Goodyear India, HDFC Asset Management Company, Indian Hume Pipe Company, InterGlobe Aviation, Indraprastha Medical Corporation, International Conveyors, ION Exchange (India), The Jammu & Kashmir Bank, Jai Balaji Industries, JB Chemicals & Pharmaceuticals, Jindal Saw, Jindal Stainless, Just Dial, Kalyan Jewellers India, Kamat Hotels (I), KDDL, KEI Industries, Kirloskar Brothers, Kewal Kiran Clothing, Kovai Medical Center and Hospital, Ksolves India, Landmark Cars, Lloyds Steels Industries, Lumax Industries, Lupin, Mankind Pharma, Manorama Industries, Marathon Nextgen Realty, Marine Electricals (India), Marksans Pharma, Mazagon Dock Shipbuilders, Global Health, Mahanagar Gas, Mishra Dhatu Nigam, MIRC Electronics, Samvardhana Motherson International, Mtar Technologies, NCC, Ndr Auto Components, NHPC, NLC India, Novartis India, Oil & Natural Gas Corporation, Onward Technologies, Orchid Pharma, The Orissa Minerals Development Company, Patel Engineering, Peninsula Land, Poly Medicure, Power Mech Projects, Premier Explosives, Rainbow Childrens Medicare, RBL Bank, Refex Industries, Reliance Industries, Rolex Rings, Rossell India, Safari Industries (India), Sanghvi Movers, Sarda Energy & Minerals, Synergy Green Industries, Shriram Pistons & Rings, S.J.S. Enterprises, SJVN, Somany Ceramics, The South Indian Bank, Steel Strips Wheels, Sundaram Brake Linings, Syrma SGS Technology, Tata Motors, TD Power Systems, Uniparts India, Usha Martin, Vascon Engineers, Venus Pipes & Tubes, Welspun Enterprises, Xchanging Solutions, Zen Technologies, and Suzlon Energy were among 122 stocks that hit 52-week highs today. HDFC Bank, Mazagon Dock Shipbuilders, Housing Development Finance Corporation, Reliance Industries, Delta Corp, ICICI Bank, Olectra Greentech, BSE, Zen Technologies, and IndusInd Bank were the most active stocks on NSE. In sectoral indices, Nifty Bank rose 0.16%, Nifty Financial Service rose 0.17%, Nifty Auto gained 0.04%, Nifty FMCG fell 0.29% and Nifty PSU Bank rose 1.01%. Among the broader market indices – Nifty Next 50 fell 0.18%, Nifty Midcap 50 rose 0.08%, Nifty Smallcap 100 jumped 0.88% and Nifty Total Market rose 0.02%. Auto shares traded mixed as the GST Council hiked the cess rate by 2 percentage points on SUVs and MUVs in its 50th meeting on Tuesday. The Nifty Auto index saw mild cuts of 0.13%, while Hero MotoCorp, Tata Motors and M&M dragged the index down, falling up to 0.92%. However, Eicher Motors, Balkrishna Industries, and Ashok Leyland gained in trade, with Ashok Leyland jumping 3.8% intraday to Rs 172.75 apiece. Read Full Story India will surpass the US to become the world’s second-largest economy by 2075, said Goldman Sachs. India’s GDP is expected to jump above $50 trillion in the next 52 years; $6.6 trillion around 2030, $13 trillion by 2040, $22 trillion by 2050 and $30 trillion by 2060. Surprisingly, Japan which is at present the third largest economy will have a GDP of $7.2 trillion by 2075 and Europe Area GDP is projected to be around $30 trillion. Read Full Story Lender Utkarsh Small Finance Bank’s Rs 500-crore IPO opened for subscription today, 12 July and was fully subscribed 2 hours after the issue opened. The issue has been booked 1.36 times so far, with total bids of 16.41 crore shares. Qualified institutional buyers (QIBs) have bid for a minute part of their reserved portion. Retail investors oversubscribed 4.81 times. The NII portion was bid 1.84 times and employees subscribed 0.59 times. Read Full Story TCS, HCL Tech and most IT stocks fell today, dragging the Nifty IT index over half a percent ahead of the quarterly results announcement. TCS share price dipped 0.21%, HCL Tech fell 0.81% and Nifty IT tumbled 0.74%. According to analysts, the Indian IT sector is likely to report a subdued earnings performance in the fiscal first quarter Apr-Jun, with giants Infosys and TCS remaining flat, primarily due to a slower conversion of the deal pipeline, resulting in a decline in volumes during a seasonally strong quarter. The Nifty IT index has gained 2.5% in the last one year while the Nifty 50 has jumped over 7% in the same period. All the constituents of the Nifty IT index were trading in red with Coforge, LTI Mindtree, Infosys, Persistent Systems, LTTS, MPhasis, Tech Mahindra and Wipro falling up to 2% today. Read Full Story On last Tuesday, the benchmark indices closed higher. Among sectors, buying was seen in auto, FMCG and healthcare stocks whereas banking and financial stocks witnessed intraday profit booking at higher levels. Technically, after an early morning intraday rally, the index took the resistance near 19,500 and reversed, yet once again. Read Full Story Nazara Tech shares plunged 14% to Rs 605 and Delta Corp shares tanked 20% to Rs 197.45 today after the Goods and Service Tax Council imposed a 28% tax on online gaming, casinos and horse racing on Tuesday. The tax will be levied on the full value of the bet made, instead of just the platform fee. Meanwhile, BharatPe co-founder Ashneer Grover slammed the government’s decision. He said that the move will murder the fantasy gaming industry and it is time for entrepreneurs to enter politics or else the government will do the same for every industry. Read Full Story The NSE Nifty 50 gained 29.8 points or 0.15% to 19,469.20 and BSE Surged 93.11 points or 0.14% to 65,710.95. “Bank Nifty is seen to be making a bearish candlestick on the daily timeframe after rejecting from its resistance zones of 45000, 45100. The trends for the coming week can be considered sideways to bullish where dips can be used as a buying opportunity, till the time Bank Nifty sustains above 44400. The resistance is at around 44900-45000 and the support is at around 44700-44600. Technical indicator RSI is at around 57 whereas the 200 EMA is at 41801,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd. Share Market Outlook Today “Bank Nifty continued to correct and traded in a downward-sloping channel. It is trading around the 38.2% Fibonacci retracement level (44840). However, until we get a daily positive close the correction is likely to continue. On the downside, the crucial support level is placed at 44587–44335,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas. Share Market Outlook Today “Bank Nifty support is found at 44500-44200, with the 44500 level coinciding with the 20-day exponential moving average (ema). On the upside, resistance is expected around 45300-45500,” said Ameya Ranadive CMT CFTe, Equity Research Analyst at Choice Broking. Share Market Outlook Today “On intraday charts, the Nifty has formed a double top formation which is indicating temporary weakness. For intraday traders, 19500 would be the crucial breakout level, above which the market could move up to 19600-19625. However, below 19380, the selling pressure is likely to accelerate and the index could retest the level of 19300-19250,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd. Share Market Outlook Today “Nifty overall trend remained bullish as it sustained above the near-term moving average. The RSI indicated a bearish crossover, suggesting a potential decline in the market. There is a support level at 19400/19300, which might prevent further downside movement. On the upside, there is a resistance level at 19550, which could potentially limit upward movement in the market,” said Rupak De, Senior Technical analyst at LKP Securities. Share Market Outlook Today “It is crucial for Nifty to maintain the significant support level of 19400, considering the observable weakness in Bank Nifty. Additionally, Nifty faces resistance in the range of 19480-19550. On the options front, Nifty has support at 19400 and resistance at 19500,” said Ameya Ranadive CMT CFTe, Equity Research Analyst at Choice Broking. Share Market Outlook Today “Nifty sustainable buying above the 19500-19520 zone could only open up the next leg of the rally in Nifty towards 19600-19650 on an immediate basis. Simultaneously on the downside, any dip towards the support zone of 19300 is likely to attract buyers, while the sacrosanct support lies at the bullish gap of 19200-19235 in a comparable period,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel One Ltd. Share Market Outlook Today “On the daily charts, we can observe that the Nifty is facing resistance in the zone 19500 – 19550, around the previous swing high. The hourly momentum indicator has triggered a positive crossover however prices are not able to surpass the resistance zone and hence we can expect some more consolidation. Overall, the trend is positive, and Nifty is undergoing time-wise correction,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas. Share Market Outlook Today The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.93%, S&P 500 gained 0.67% and the tech-heavy Nasdaq advanced 0.55%. Asian markets were trading mixed – China’s Shanghai Composite Index dipped 0.14%, South Korea’s KOSPI rose 0.01%, Hong Kong’s Hang Seng jumped 0.86%, Japan’s Nikkei 225 tanked 0.82%, and Asia Dow gained 0.51%. The GIFT Nifty futures were trading 3.5 points or 0.02% lower at 19,533.50. “The market now awaits the Q1 results, IT sector which kicks off tomorrow, where expectations are muted with a focus on the sustenance of margin and improvement in long-term guidance. The positivity also stems from China’s anticipated stimulus to withstand economic growth and hope on the moderation in US inflation data. The overall valuation for India is marginally above the long-term average, which is fair given strong earnings expectations on FY24,” said Vinod Nair, Head of Research at Geojit Financial Services. Read Full Story The GIFT Nifty recorded a 0.09% loss during Wednesday’s early trading session, with a value of 19,520 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Read Full Story
相关推荐
Oil falls over $2 a barrel as China’s COVID protests fuel demand fears
Maruti Suzuki rating – Buy- Robust performance in Q4FY22
IPOs worth nearly Rs 2,000 crore to hit Dalal Street next week; check date, price, bidding details
NSE Bulk Deals, July 24- Reliance Power, Abans Holdings, Debock Ind, other major deals took place on Monday
ITC stocks jump as firm focuses on hotel biz
Markets Wrap – Tue, 27 Dec ‘22- Stocks climb, rupee falls; Asia, Europe markets, Gold, Crude, Crypto updates
- 最近发表
- Will Nifty top 19400 or slip in trade- See GIFT Nifty, FII data, crude, F&O ban, more before market opens
- Number of UHNWIs in India dip to 12,069 in 2022, to rise to 19,119 in 5 years- Knight Frank
- Windfall tax raised on crude, fuels; check duty hikes on diesel, petrol, ATF exports, local crude oil
- ISMA cuts sugar output estimates by 3
- Zomato leads the fall in new-age stocks
- Markets Wrap – Thu, 5 Jan ‘23- Stocks plunge, rupee appreciates; Asia, Europe markets, Gold, Crude, Crypto updates
- Zomato share price falls to new low; may be attractive to buy now, says Jefferies, eyes over 100% gain
- IT washout sinks Street; Infy top laggard with 42% share in Sensex slide
- Worried over future contracts, farmers hold on to soyabean stocks, seek better prices
- Mid-cap funds go big on financials, auto; Small-caps prefer services and capital goods
- 随机阅读
- IRCTC OFS subscribed 1
- Maruti Suzuki shares surge 0
- Indian Railways on green track- India, USA collaborate to propel Railways towards Net Zero Carbon Emission – Key areas of focus, impact and more
- Investors richer by over Rs 9 lakh crore in three days
- MCX gold outlook- Watch out for Rs 50000 level, investors wait for CPI data before taking positional trades
- IT washout sinks Street; Infy top laggard with 42% share in Sensex slide
- NSE Bulk Deals, August 8- Piramal Pharma, Birla Cable, Debock Ind, other major deals took place on Tuesday
- NSE Bulk deals, December 9- SHANKARA, VAISHALI, VAKRANGEE and other major deals that took place on Friday
- IPO news- Rays Power Infra files IPO papers with Sebi
- Markets still on a weak wicket
- NSE appoints Ashish Chauhan as its new MD & CEO
- MCX gold prices jump on 5% import duty hike; investors wait for gold to breach Rs 52000 before going long
- Indian-flagged oil tanker hit by Houthi attack drone in Red Sea- US military
- ITC, IDFC, Dalmia Bharat, Nestle, Paytm among 128 stocks that hit 52-week highs; 10 touch 52-week lows
- Oil prices experience volatility in 2023- Red sea tensions provide temporary boost, economic concerns leads to annual decline
- NTPC shares climb 3 per cent; hit 52-week high level after Q1 earnings
- d that milk prices are unlikely to witness spikes in the coming months due to cooler temperature in April and parts of May, which has delayed the onset of ‘lean’ season, when milk production usually drops.
Retail inflation in milk was reported at 8.85% in May 2023. The milk inflation has remained elevated at over 6% since August 2022. Despite India being the largest milk producer since 1998, the commodity has been the second biggest factor after cereals such as rice and wheat in driving up retail inflation in the last fiscal.
Milk has the second highest weight in the food and beverages basket of the consumer price index at 6.61%, a notch lower than cereals and products with a 9.67% weight. Organised players, including Mother Dairy and Amul, hiked prices multiple times in the last one year citing higher fodder cost, robust demand and some impact due to reports of lumpy skin disease.
Industry sources said feed cost, which has a share of more than 65% in the cost of production of milk, has increased to Rs 20/kg from Rs 8 a year ago. The finance ministry in April had attributed the elevated milk inflation to a demand supply mismatch and said it could be one of the factors apart from volatile international crude oil prices and constrained supplies of milk would influence the country’s inflation trajectory.
“Milk production has been impacted by a lumpy skin disease infecting millions of cattle in late 2022,” the ministry said in the monthly economic review, adding that the vaccination drive against the disease is expected to curb the spread and immune the cattle against the skin disease.
According to official data, currently India is the world’s largest milk producer, and has a share of 23% in global milk production. For the first time in decades, the country’s milk production is likely to have stagnated in 2022-23 due to Lumpy Skin Disease in cattle across several states and the lagged effect of Covid-19 in the form of stunting of the animals, a senior official with department of animal husbandry and dairying recently had stated. The milk production was estimated at 221 million tonne in 2021-22.
- McDonald’s India introduces new offering; launches Kebab rolls
- Mcap of 7 of top-10 most-valued firms erodes by Rs 65,656 cr; Reliance biggest laggard
- Indian Steel Industry to ride on growth trajectories for the next 5 to 7 years
- 搜索
- 友情链接