Share Market Highlights- Nifty settles above 18100, Sensex falls 180 pts; Asian paints, Tata Motors top losers

Share Market Highlights: Nifty settles above 18100, Sensex falls 180 pts; Asian paints, Tata Motors top losers

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded Thursday’s muted session in negative territory amid weak sentiment in global markets. The NSE Nifty 50 closed above 18,100 while BSE Sensex settled below 60,900. The 30-share BSE benchmark after moving in the range of 60,716.55 – 61,032.47 ended 187.31 pts or 0.31% lower at 60,858.43. The Nifty 50 lost 57.50 pts or 0.32%, closing at 18,107.85. The top gainers of the Nifty were Coal India, ONGC, UPL, BPCL and Tata Steel while the top losers were Adani Enterprises, Asian Paints, Tata Motors, IndusInd Bank and Adani Ports.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights Thursday, 19 January

16:11 (IST) 19 Jan 2023 Bank Nifty falls 0.30%, IT rises marginally

In the sectoral indices, Bank Nifty fell 0.30%, Nifty IT advanced 0.05%, and Nifty Pharma dipped 0.28%.

15:42 (IST) 19 Jan 2023 Top gainers/losers

The top gainers of the Nifty were Coal India, ONGC, UPL, BPCL and Tata Steel while the top losers were Adani Enterprises, Asian Paints, Tata Motors, IndusInd Bank and Adani Ports.

15:42 (IST) 19 Jan 2023 Nifty, Sensex end in red

The 30-share BSE benchmark after moving in the range of 60,716.55 – 61,032.47 ended 187.31 pts or 0.31% lower at 60,858.43. The Nifty 50 lost 57.50 pts or 0.32%, closing at 18,107.85.

15:04 (IST) 19 Jan 2023 Asian paints shares fall over 2% after Q3 results misses market estimates

Asian paints shares fell 2.58% to Rs 2869.90 after the quarterly results missed market expectations. “Asian Paint’s performance was a miss on estimates with revenues and PAT growing by 1.3% and ~7% respectively with sales volume in the decorative paints business remaining almost flat. As expected gross margins and the EBIDTA margins improved on a sequential basis. The domestic decorative paint business witnessed recovery in Nov & Dec after a muted performance in October affected by delayed monsoon and price hikes in a portfolio. If commodity prices decline from the current level it will the company to post better margins ahead and also help in taking relevant pricing actions to improve volume growth ahead. The stock has underperformed in the recent past and any further correction can be considered as a good opportunity to accumulate quality consumer goods company from long term perspective,” said Kaustubh Pawaskar- Analyst, Sharekhan by BNP Paribas.

11:02 (IST) 19 Jan 2023 Nifty upside breakdown seen at 18270; lower band at 17800

“Despite the enthusiastic push higher above 18100 yesterday, the proximity of key resistances ahead looks to be preventing Nifty from a free run. We will remain hopeful towards renewed attempts to scale them, as long as dips are held above 18047. As is, the upside breakout point has been pushed higher to 18270, while the lower band is at 17800.” – Anand James – Chief Market Strategist at Geojit Financial Services.

10:22 (IST) 19 Jan 2023 IndusInd Bank shares fall over 2%

IndusInd Bank shares fell 2.49% to Rs 1192.00 on profit booking after the lender’s net profit for the quarter ending December 2022 jumped to Rs 1,959 crore, a 69% on-year rise that beat the Bloomberg estimate of Rs 1,885 crore.

10:18 (IST) 19 Jan 2023 Vedanta shares rise marginally

Vedanta Ltd shares rose 0.66% to Rs 326.25 after the company informed exchnages that it will acquire debt-laden Meenakshi Energy for Rs 1,440 crore.

10:14 (IST) 19 Jan 2023 HUL shares fall over 1%

Hindustan Unilever Ltd (HUL) shares fell 1.12% to Rs 2656.65 ahead of the quarterly results announcement. The company is expected to post double-digit growth in topline for the quarter ended December 2022 quarter. However, its operating margins are expected to fall on-year due to increasing advertising spends, according to analysts.

09:41 (IST) 19 Jan 2023 FII DII data

Foreign institutional investors (FII) sold shares worth a net Rs 319.23 crore while domestic institutional investors (DII) purchased shares worth a net Rs 1225.96 crore on Wednesday, January 18, 2023, according to the data available on NSE.

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09:39 (IST) 19 Jan 2023 Stocks under F&O ban

Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), L&T Finance Holdings and Manappuram Finance Ltd are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Thursday, 19 January.

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09:32 (IST) 19 Jan 2023 Adani Enterprises shares fall over 2%

Adani Enterprises shares on Thursday fell more than 2% to Rs 3,501 on NSE, a day after the Adani group company announced the floor price for its follow-on public offer (FPO) to raise up to Rs 20,000 crore.

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09:28 (IST) 19 Jan 2023 Top gainers/losers

HDFC Life, Axis Bank, IndusInd Bank, UPL and Cipla were the top gainers of Nifty 50 while Adani Enterprises, Hindalco, Kotak Bank, Titan, Larsen & Toubro and UltraTech Cement were the top losers.

09:27 (IST) 19 Jan 2023 Sectoral indices trade in red

Most of the sectoral indices were trading in red with Bank Nifty falling 0.15%, Nifty IT dropping 0.56%, Nifty Auto sinking 0.27% while Nifty Pharma rose marginally by 0.09%.

09:27 (IST) 19 Jan 2023 Sensex, Nifty open in red

The BSE Sensex fell 133.65 points or 0.22% to 60,912.09 and NSE Nifty 50 dropped 46.20 pts or 0.25% to 18,119.15.

08:24 (IST) 19 Jan 2023 Asian markets in red

Asian markets were trading broadly lower on Thursday. Japan’s Nikkei 225 fell 322.50 pts or 1.20% to 26,468.62. Hong Kong’s Hang Seng dropped 105.51 or 0.49% to 21,572.49 and China’s Shanghai Composite index dipped 5.60 pts or 0.17% to 3,218.81.

08:21 (IST) 19 Jan 2023 US markets conclude in red

The US markets concluded in red on Wednesday. The Dow Jones Industrial Average (DJIA) fell 613.89 points or 1.81% to 33,296.96. The S&P 500 dropped 62.11 pts or 1.56% to 3,928.86 and the tech-heavy Nasdaq sank 138.10 pts or 1.24% to 10,957.01.

08:05 (IST) 19 Jan 2023 Nifty remains in buy-on-dip with support at 17,900; immediate resistance at 18,200

“The Nifty index has broken out strongly from a falling wedge pattern, which is a bullish reversal pattern. The bulls regained control and surpassed the 18,100 barriers, demonstrating strong momentum. The index remains in a buy-on-dip mode with support at 17,900, where fresh put writing has been witnessed. The index's next immediate resistance stands at 18,200, and a breach will see sharp short-term movement toward 18,500-18,600 levels.” – Rupak De, Senior Technical Analyst at LKP Securities.

08:02 (IST) 19 Jan 2023 Bank Nifty may rally upon decisive breakout above 42500

“The Bank Nifty remained volatile before ending around the day's high. On the daily chart, the banking index has closed above the 50-day exponential moving average. The momentum indicator has entered a bullish crossover. Furthermore, the index has remained above the 200-day moving average. On the higher end, resistance is visible at 42500; a rally may come upon a decisive breakout above the 42500 mark.” – Kunal Shah, Senior Technical Analyst at LKP Securities.