Share Market Highlights- Nifty settles below 19750, Sensex dips 40 pts; Bank Nifty below 45600, Coal India gains, Power Grid falls

Share Market Highlights: Nifty settles below 19750, Sensex dips 40 pts; Bank Nifty below 45600, Coal India gains, Power Grid falls

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Tuesday’s session in the red. The NSE Nifty 50 dropped 20.25 points or 0.10% to 19,733.55 and BSE Sensex fell 68.36 points or 0.10% to 66,459.31. In sectoral indices, Bank Nifty tumbled 58.60 points or 0.13% to 45,592.50, Nifty Auto dipped 0.12%, Nifty PSU Bank sank 0.52% and Nifty Ralty tanked 1.77% while Nifty IT jumped 1.2%. The top gainers on Nifty 50 were Coal India, NTPC, Tech Mahindra, HCL Tech and LTIM while the losers were Power Grid, Hero Motocorp, Apollo Hospital, Adani Ports and Bajaj Finserv.    Live Updates 16:05 (IST) 1 Aug 2023 Where is share market headed after Nifty closes below 19740, Bank Nifty under 45600

Benchmark indices NSE Nifty 50 and BSE Sensex ended Tuesday’s session in the red. “The domestic indices traded with a negative bias below the flattish trend, impacted by global peers. Despite this, mid- and small-cap stocks continued to outperform the benchmark index. IT stocks rallied on hopes of a soft landing for the US economy. India’s manufacturing activity remained robust, although marginally it moderated for the second consecutive month in July. The market direction in the upcoming days will be influenced by key data points, including auto sales figures, US PMI, and US job data,” said Vinod Nair, Head of Research at Geojit Financial Services.

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15:35 (IST) 1 Aug 2023 Nifty, Sensex end in red

The NSE Nifty 50 dipped 20.25 points or 0.10% to 19,733.55 and BSE Sensex dropped 68.36 points or 0.10% to 66,459.31.

15:29 (IST) 1 Aug 2023 Volume Gainers

Dharmaj Crop Guard, Veranda Learning Solutions, Jindal Worldwide, Worth Peripherals, KIOCL, Dilip Buildcon, Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50-50, MPS Limited, BGR Energy Systems, Flexituff Ventures International, Dhunseri Investments, Affle (India), Avonmore Capital & Management Services, Vardhman Acrylics, UFO Moviez India, KEI Industries, Rama Steel Tubes, Barbeque Nation Hospitality, DCW Limited, Grindwell Norton, Dynamatic Technologies, IFGL Refractories, Jaiprakash Power Ventures, Arvind SmartSpaces and Polyplex Corporation were among the volume gainers.

15:29 (IST) 1 Aug 2023 Stocks at 52-Week Lows

Bkm Industries, Future Supply Chain Solutions, Goyal Aluminiums, GVP Infotech, Setubandhan Infrastructure, SREI Infrastructure Finance, Viji Finance, Visesh Infotecnics and UPL were among 11 stocks that hit 52-week lows today.

15:28 (IST) 1 Aug 2023 Stocks at 52-Week Highs

Akzo Nobel India, Albert David, Anand Rathi Wealth, The Anup Engineering, Apar Industries, APL Apollo Tubes, Apollo Tyres, Ashoka Buildcon, Astral, Avonmore Capital & Management Services, Bajaj Consumer Care, Balkrishna Industries, Bharat Electronics, Bhagyanagar India, Bharat Forge, Bharat Heavy Electricals, BLS International Services, BSE, Caplin Point Laboratories, Carborundum Universal, Centum Electronics, Century Textiles & Industries, Control Print, Cummins India, LT Foods, Dilip Buildcon, Dishman Carbogen Amcis, DCM Shriram Industries, Deep Industries, Dr Reddy’s Laboratories, Dynacons Systems & Solutions, Dynamic Cables, Dynamatic Technologies, Elecon Engineering Company, Electronics Mart India, Engineers India, Eris Lifesciences, Esab India, Exide Industries, Expleo Solutions, Fusion Micro Finance, Gabriel India, Gallantt Ispat, GeeCee Ventures, Gensol Engineering, General Insurance Corporation of India, Gujarat Industries Power Company, Glenmark Life Sciences, GMR Airports Infrastructure, GNA Axles, GOCL Corporation, Godawari Power And Ispat, GPT Infraprojects, Grasim Industries, Grindwell Norton, Garware Hi-Tech Films, Gulf Oil Lubricants India, HBL Power Systems, Healthcare Global Enterprises, HEG, Hero MotoCorp, H.G. Infra Engineering, Hindustan Copper, Hindware Home Innovation, Housing & Urban Development Corporation, ICRA, IDBI Bank, IDFC, IDFC First Bank, IFGL Refractories, Igarashi Motors India, IIFL Finance, Indian Bank, India Nippon Electricals, Indo Tech Transformers, Indraprastha Medical Corporation, Ind-Swift Laboratories, Ircon International, Indian Railway Finance Corporation, ITD Cementation India, Jai Balaji Industries, Jindal Steel & Power, J.Kumar Infraprojects, Jindal Stainless, JSW Ispat Special Products, JSW Steel, JTL Industries, Kamdhenu Ventures, KDDL, Kesoram Industries, Kingfa Science & Technology (India), KIOCL, Kalyani Steels, La Opala RG, Linde India, Lloyds Metals And Energy, Macrotech Developers, Lotus Eye Hospital and Institute, Lloyds Steels Industries, Lupin, Maharashtra Seamless, Maithan Alloys, Man Infraconstruction, C.E. Info Systems, Marathon Nextgen Realty, Max India, Madhav Copper, Mishra Dhatu Nigam, M K Proteins, MM Forgings, MRF, Mstc, Mukand, Munjal Auto Industries, Muthoot Finance, National Aluminium Company, NAVA, Navneet Education, Nesco, Neuland Laboratories, NHPC, Nitiraj Engineers, NRB Bearing, NTPC, Oil India, OM INFRA, One Point One Solutions, Power Finance Corporation, PTC India Financial Services, Procter & Gamble Health, Pitti Engineering, Prakash Industries, Premier Explosives, Pressman Advertising, Prime Securities, PSP Projects, Radico Khaitan, Railtel Corporation Of India, Rategain Travel Technologies, Ratnamani Metals & Tubes, REC Limited, Refex Industries, Remsons Industries, Steel Authority of India, Sandhar Technologies, Sarda Energy & Minerals, Som Distilleries & Breweries, Selan Exploration Technology, Shriram Finance, Sigma Solve, Sindhu Trade Links, S.J.S. Enterprises, SKF India, Strides Pharma Science, Stel Holdings, Sula Vineyards, Summit Securities, Sundaram Finance, Sundaram Finance Holdings, Sundaram Brake Linings, Sunflag Iron And Steel Company, Suryoday Small Finance Bank, Swelect Energy Systems, Sterling and Wilson Renewable Energy, Syrma SGS Technology, Taj GVK Hotels & Resorts, Talbros Automotive Components, Tata Communications, Tata Metaliks, Tata Steel Long Products, Tribhovandas Bhimji Zaveri, Techno Electric & Engineering Company, TIL, Time Technoplast, The Tinplate Company of India, The Ugar Sugar Works, Ugro Capital, Ujjivan Financial Services, Ujjivan Small Finance Bank, Uniparts India, Vesuvius India, VA Tech Wabag, Welspun Corp, Welspun Enterprises, Welspun India, Wendt (India), Windsor Machines, W S Industries (I) and ZF Commercial Vehicle Control Systems India were among 220 stocks that hit 52-week highs today.

12:40 (IST) 1 Aug 2023 Hero Motocorp shares tanks 3% after ED raids Pawan Munjal’s residence

ED raided Hero Moto Chairman Pawan Munjal’s residence and took cognisance of DRI Case, according to reports. DRI had caught a close aide of Pawan Munjal with undeclared foreign currency. Hero Motocorp share price tanked 3% to Rs 3,106.20.

11:30 (IST) 1 Aug 2023 GAIL shares zoom 3% on positive Q1

Public sector enterprise GAIL’s share price continued its positive momentum from Monday, gaining 2.7% in trade, clocking a high of Rs 122.35 apiece on the NSE, following its first fiscal quarter earnings as well as the double upgrade in rating from UBS. 

Should you buy, sell or hold GAIL stock?

09:53 (IST) 1 Aug 2023 Maruti Suzuki stock falls 1.7% despite 2-fold surge in Q1 net profit

Maruti Suzuki share price fell 1.7% to Rs 9,650.30 today after the company’s net profit surged more than 2-fold on-year to Rs 2,485 crore in Q1FY24. Q1 sales stood at 4,98,030 units, a growth of 6.4% compared to the same period last year. Maruti Suzuki’s domestic sales stood at 4,34,812 units, growing 9.1% on-year. Most of the brokerages have recommended a ‘Buy’ rating on the stock. Maruti Suzuki stock has fallen nearly 1% in the last one month while it has risen 8% in the past one year.

Should you buy or sell Maruti shares?

09:21 (IST) 1 Aug 2023 Nifty, Sensex open flat

The NSE Nifty 50 was up 6.40 points or 0.03% to 19,760.20 and BSE Sensex rose 52.46 points or 0.08% to 66,580.13.

08:33 (IST) 1 Aug 2023 Bank Nifty resistance at 45850-46000

“Bank Nifty has formed a bullish candlestick pattern on the daily timeframe after taking support from its crucial support zone of 45500-45550 and opening with a gapup amidst increased volatility. A short-term correction can be expected if Bank Nifty trades below 45500 levels. Crucial levels on the downside will be 45600 followed by 45400; Resistance is placed at 45850 followed by 46000,” said Mitesh Karwa, Research Analyst, Bonanza Portfolio.

Share Market Outlook Today

08:33 (IST) 1 Aug 2023 Bank Nifty may fall to 45000-44700 if it breaks below 45300

“The bulls successfully defended the lower levels and found support around the 20-day moving average (20DMA) positioned at 45400, suggesting their willingness to prevent further downside movements. On the other hand, the bears have been holding strong around the 45700-45800 zone, creating a significant resistance area. A break above this resistance zone would signal the bulls taking complete control and potentially lead the index to fresh all-time high levels. However, if the index breaks below the 45300 level, it may indicate further downside potential towards the 45000-44700 levels, as the bears gain momentum and exert additional selling pressure,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.

Share Market Outlook Today

08:33 (IST) 1 Aug 2023 Bank Nifty to consolidate between 46500-45000

“Bank Nifty managed to hold on to the 20-day moving average (45392) and witnessed a bounce from that support. The Bollinger bands are contracting which indicates contraction of range and also range-bound price action over the next few trading sessions. Divergent signals from the daily and hourly momentum indicators further support our sideways outlook for Bank Nifty. Overall, we expect the Bank Nifty to consolidate between 46500-45000,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.

Share Market Outlook Today

08:32 (IST) 1 Aug 2023 Nifty could retest 19600-19560 if it slips below 19650

“Nifty took support near the 20-day SMA (Simple Moving Average) and bounced back sharply. A promising reversal formation is indicating a further uptrend from the current levels. For the trend-following traders, 19650 would be the trend decider level, and above the same the market could move up till 19850-19875. On the flip side, below 19650, bulls may prefer to exit from long positions and could retest the level of 19600-19560,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.

Share Market Outlook Today

08:32 (IST) 1 Aug 2023 Nifty likely to remain range bound between 19500-20000

“Nifty daily and hourly momentum indicators provide divergent signals which also suggest the absence of trending moves. Considering all the above parameters, we shall continue to maintain that Nifty is likely to remain range bound between 19500-20000. Crucial support levels to keep handy are 19630-19600 and on the upside, 19800-19860 is the immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.

Share Market Outlook Today

08:32 (IST) 1 Aug 2023 Nifty strong support at 19500-19550

“For investors, the market is buying on dips with a strict stop loss of 19500, and if the Nifty closes below the indicated level, we can expect more profit booking. The volume profile indicates index has strong support around the 19500-19550 zone. Coming to the OI Data, on the call side, the highest OI was observed at 19800 followed by 20000 strike prices while on the put side, the highest OI is at 19600 strike price,” said Deven Mehata, Equity Research Analyst at Choice Broking.

Share Market Outlook Today

08:31 (IST) 1 Aug 2023 19600 likely to act as cushion for Nifty

“For Nifty, 19600 is likely to act as a cushion, while the pivotal zone of 19500, coinciding with 20 DEMA, is expected to act as sacrosanct support. On the higher end, a cluster of resistances can be seen around 19800-20000 in the comparable period,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel One Ltd.

Share Market Outlook Today

08:31 (IST) 1 Aug 2023 Nifty move above 19800 might induce rally towards 20000

“Nifty showed a positive trend with a green candle on the daily chart, indicating a potential comeback by the bulls. The short-term trend remains positive as Nifty found support at the 21EMA in the previous session. However, the RSI is currently in a bearish crossover, suggesting a potential downside. The lower-end support is at 19700, while resistance is at 19800. A decisive move above 19800 might induce a rally towards the 20000 mark,” said Rupak De, Senior Technical analyst at LKP Securities.

Share Market Outlook Today

07:54 (IST) 1 Aug 2023 US indices end in green

The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.28%, S&P 500 surged 0.15% and the tech-heavy Nasdaq gained 0.21%.

07:53 (IST) 1 Aug 2023 Asian markets trade in green

Asian markets were trading in green – China’s Shanghai Composite Index rose 0.01%, South Korea’s KOSPI jumped 1.2%, Hong Kong’s Hang Seng surged 0.71%, Japan’s Nikkei 225 gained 0.48%, and Asia Dow advanced 0.17%.

07:53 (IST) 1 Aug 2023 Piramal Enterprises, Indiabulls Housing Finance under F&O ban today

The National Stock Exchange has Piramal Enterprises and Indiabulls Housing Finance securities on its F&O ban list for 1 August. 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.

07:52 (IST) 1 Aug 2023 FII/DII data

Foreign institutional investors (FII) sold shares worth net Rs 701.17 crore, while domestic institutional investors (DII) bought shares worth net Rs 2,488.07 crore on 31 July, according to the provisional data available on the NSE.

07:52 (IST) 1 Aug 2023 Nifty to extend gains or slip below 19700? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

“Indian indices have resumed their rally, following the global market trend, as cooling inflation across the globe gave hopes of an end to the policy tightening era. The latest positive development was the Eurozone’s inflation slowing for the third consecutive month in July, coming in at 5.3%, in line with market predictions. Moreover, the euro zone economy grew by 0.3% during the June quarter, according to preliminary estimates, slightly surpassing market expectations,” said Vinod Nair, Head of Research at Geojit Financial Services.

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07:51 (IST) 1 Aug 2023 Stocks To Watch: GAIL (India), Maruti Suzuki, Reliance Industries, State Bank of India, Adani Green, PVR Inox

Benchmark indices NSE Nifty 50 and BSE Sensex ended with gains on Monday, snapping a two day losing streak. The Nifty 50 added 10.8 points to close at 19,753.8. On the other hand, Sensex advanced 0.56% to end at 66,527.67.

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