Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices soared in trade on Friday. NSE Nifty 50 touched a fresh high for the calender year 2023, crossing the 18,500 mark. However, the index gave up that level to close at 18,499, up 0.97%. Sensex surged over 1% intraday, reclaiming and closing above the 62,500 mark. The Nifty FMCG index also added 1.5% intraday, touching a fresh life-time high. The broader markets and sectoral indices also settled in the green, clocking sharp gains. Nifty Media soared 2.35%, Nifty Pharma rose 1.3%, Nifty IT surged 1.5%. The top winners on the Nifty 50 index were Hindalco, Reliance Industries, Divi’s Lab, HCL Tech and UPL. The top losers were ONGC, Grasim, Bharti Airtel, Power Grid and Bajaj Auto.
Live Updates 15:37 (IST) 26 May 2023 Technical view
“In the intraday session, after the gap-up opening, after making a day low of 18,333 the Nifty traded above 18,400 level and remained up throughout the day; the Nifty formed a big positive candle after forming a bullish engulfing type pattern yesterday on the daily chart. Nifty closed with a higher high positive candle. Intraday traders can look for long opportunities above 18,520 if the closing comes above 18,520 in a 15 min chart. Traders can look for fresh shorts only if Nifty breaks the 18,400 level & remains below for 15 min to ensure short.”
– Rohan Shah, Head Technical Analyst, Stoxbox
15:36 (IST) 26 May 2023 Top winners, losers
The top winners on the NSE Nifty 50 index were Hindalco, Reliance Industries, Divi’s Lab, HCL Tech and UPL on 26 May, while the top losers were ONGC, Grasim, Bharti Airtel, Power Grid and Bajaj Auto.
15:35 (IST) 26 May 2023 Markets at close
Nifty 50 and Sensex closed with sharp gains on Friday, each surging over 1% in trade each intraday. Nifty settled at 18,499, up 178 points while Sensex added 630 points to end at 62,501.
15:02 (IST) 26 May 2023 Rupee could trade with negative bias
“We expect Rupee to trade with a slight negative bias in the near term as nervousness in the markets will continue till the debt ceiling deal is finalised and approved. Renewed worries over global economic slowdown as Germany slipped into recession may also weigh on Rupee. However, FII inflows, overnight decline in crude oil prices and a positive tone in domestic equities may prevent sharp fall in Rupee. Traders may remain cautious ahead of core PCE deflator and durable goods orders data from US. We expect USDINR spot to trade in between 82.30 to 83.20 in the near term.”
– Anuj Choudhary – Research Analyst, Sharekhan by BNP Paribas
14:51 (IST) 26 May 2023 Factors driving markets
“Indian equity markets remained concerned about growth prospects, even as inflation continued its downward trajectory both globally and domestically. Global markets were mixed last week as concerns around the US debt ceiling and a weak global growth outlook persisted. Indian equity markets were buoyed by a decent Q4FY23 earnings print, even though the quality of earnings was weak.”
– Shrikant Chouhan, Head of Equities Research (Retail), Kotak Securities
14:34 (IST) 26 May 2023 Weekly outlook
“FPIs & DIIs were net buyers during the week. Going forward, D-street will focus on the macro trends. Markets going ahead may be dominated by global news flows and steps taken by different governments to tackle their economy.”
– Shrikant Chouhan, Head of Equities Research (Retail), Kotak Securities
14:27 (IST) 26 May 2023 Nifty 50 tops 18500
Nifty 50 surpasses 18,500, to touch 18,500.8, up almost 180 points.
13:56 (IST) 26 May 2023 Nifty hits fresh high in 2023
Nifty 50 gained 157 points from yesterday’s close to touch a fresh 2023 high of 18,478.45.
13:54 (IST) 26 May 2023 Nifty FMCG soars
Nifty FMCG touches a record high, gaining 1.14% to 50,228. VBL and Marico add to the index, soaring up to 5%.
13:51 (IST) 26 May 2023 Market update: Nifty, Sensex rise sharply
Domestic indices NSE Nifty 50 and BSE Sensex gain sharply. Sensex added about 500 points to 62,367, while Nifty 50 gains around 150 points to 18,463.
13:41 (IST) 26 May 2023 BHEL shares drop 4.4%
BHEL names Jai Prakash Srivastava as CFO. The company’s share price fell 4.4% to Rs 78.40 intraday, before trimming losses.
12:41 (IST) 26 May 2023 Market update: Nifty, Sensex soar 0.6%
Nifty 50 jumped over 100 points intraday to 18,427. Sensex reclaimed 62,200 by adding 360 points to trade at 62,236.
12:00 (IST) 26 May 2023 ONGC share price tanks 2%
ONGC share price tanked up to 2% ahead of its Q4 earnings result today. The scrip touched a low of Rs 162.30, compared to yesterday’s closing price of Rs 166.
11:25 (IST) 26 May 2023 RIL shares gain 2.1%
Reliance Industries share price gains 2.1% in trade today, with the shares touching an intraday high of Rs 2,492 per share.
10:37 (IST) 26 May 2023 Nifty 50 losers
ONGC, Grasim, Power Grid, Bharti Airtel and Axis Bank are the top losers on the Nifty 50 index, with ONGC falling up to 1.75% ahead of its Q4 earnings result today.
10:36 (IST) 26 May 2023 Nifty 50 gainers
Reliance Industries, Divi’s Lab, Hindalco, Adani Enterprises and TechM are the top gainers on the Nifty 50 index today.
09:58 (IST) 26 May 2023 Page Industries share price tanks 13% after Q4 net profit falls 59%
Page Industries share price tanked 13% to Rs 35,766 today after the company’s net profit in Q4FY23 fell 58.9% on-year to Rs 78.35 crore, from Rs 190.52 crore in the corresponding quarter previous year. The company’s board recommended its fourth interim dividend of Rs 60 per equity share. Most analysts have downgraded the stock rating to ‘sell’, and have cut their target prices. Page Industries stock has fallen over 12% in the past one month, and nearly 14% in the past one year.
Should you buy, sell, hold Page Industries stock?
09:35 (IST) 26 May 2023 ZEEL share price gains over 1%
Zee Enterprises Entertainment share price rose 1.29% to 181.05 despite the company posting a consolidated net loss of Rs 196 crore for the quarter ended on March 31, 2023, on the back of an advertising slowdown, missing street estimates by a wide margin.
09:33 (IST) 26 May 2023 Vodafone Idea share price jumps 2%
Vodafone Idea share price jumped 2% to Rs 7.18 after the telecom operator saw its net loss for the January-March quarter narrowing to Rs 6,419 crore from Rs 7,990 crore in the preceding quarter, owing to fall in-network expenses, finance cost, and depreciation, among others. The company lost 2.7 million mobile subscribers in the quarter, taking its subscriber base to 225.9 million at the end of March.
09:32 (IST) 26 May 2023 HDFC share price falls over half a percent
HDFC share price fell 0.62% to Rs 2633 today. The company after divesting 2.15% of its stake in Siti Networks on 3 May, further sold 1,86,38,101 shares representing 2.14% of the paid-up share capital of Siti on Thursday,
09:28 (IST) 26 May 2023 Nifty IT jumps 220 points; check top gainers
Nifty IT jumped 221.45 points or 0.77% to 29,150.20. The top gainers on the index were Persistent Systems, L&T Technology Services, MPhasis, LTIM, Coforge and Tech Mahindra while there were no losers.
09:26 (IST) 26 May 2023 Bank Nifty falls below 43650; check top gainers/losers
Bank Nifty dipped 53.40 points or 0.12% to 43,628. The top gainers on the index were IDFC First Bank, PNB, Federal Bank, SBIN and Kotak Bank while the losers were Axis Bank, Bandhan Bank, IndusInd Bank, ICICI Bank and HDFC Bank.
09:20 (IST) 26 May 2023 Nifty, Sensex open in green
The NSE Nifty 50 gained 29.75 points or 0.16% to 18,350.90 and BSE Sensex surged 130.58 points or 0.21% to 62,003.20.
09:10 (IST) 26 May 2023 Nifty, Sensex end pre-open in green
Benchmark indices ended the pre-opening session in the green. The NSE Nifty 50 rose 47.20 points or 0.26% to 18,368.35 and BSE Sensex jumped 112.74 points or 0.18% to 61,985.36.
08:43 (IST) 26 May 2023 Bank Nifty may move higher if it breaks 44000
“Bank Nifty managed to hold the support of 43400. This is a positive sign for the bulls, as it shows that there is still demand for the index at this level. The resistance is at 44000, where the highest open interest is built up on the call side. This means that there is a lot of potentials for the index to move higher if it can break through this resistance level,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Share Market Outlook Today
08:42 (IST) 26 May 2023 Bank Nifty undertone remains bullish as long as it holds 43500
“Till the time Bank Nifty breaks the 44050-44100 resistance and 44650-44700 support range it is expected to remain sideways due to the indecisive nature of the index. The undertone remains bullish as long as Bank Nifty holds the levels of 43500 as put writers are fiercely active on 43500 and 43000 and call writers are active on 44500 and 44000. Buy-on-dip strategy can be implemented for the coming week for targets of an all-time high if it closes above 44050,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
Share Market Outlook Today
08:42 (IST) 26 May 2023 Bank Nifty resistance placed at 44150
“Bank Nifty has support at 43350-43500 while resistance is placed at 44150 which is also close to all-time high levels,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
08:42 (IST) 26 May 2023 Bank Nifty first support at 43585 and then 43464
Bank Nifty first support at 43585 and then 43464 while resistance at 43920 and then 44135, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
08:41 (IST) 26 May 2023 Nifty immediate hurdle at 18420–18450
“The daily Bollinger bands are contracting which indicates a contraction of range and also suggests that there could be rangebound price action over the next few trading sessions. Overall, we still believe that the Nifty is in a consolidation mode and the range of consolidation is likely to be 18000–18400. In terms of levels, 18420–18450 shall act as the immediate hurdle while 18200–18180 is the crucial support zone to watch out for on the downside,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
08:41 (IST) 26 May 2023 Nifty uptrend expected to continue until 18040 is not breached
“Nifty remains in an uptrend with trend support placed at 18040. As long as the index maintains this level we expect the uptrend to continue. A breach could infuse volatility and we would watch out for further directional clarity. On the higher side resistance is seen at 18500 levels. Select energy and media stocks look interesting,” said Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities.
Share Market Outlook Today
08:41 (IST) 26 May 2023 Nifty close above 18400-18450 could trigger next leg of the rally
“We saw a strong recovery from lower levels indicating overall strength in the market. We continue to expect a gradual up-move in the benchmark indices led by support-based buying. A Nifty close above 18400-18450 zones could trigger the next leg of the rally in markets,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
Share Market Outlook Today
08:41 (IST) 26 May 2023 Nifty needs to sustain break above 18400–18450
“For the momentum to continue, Nifty needs to sustain a break above 18400–18450 levels. A move beyond these levels would end this consolidation phase and trigger momentum towards new highs for the coming month. On the flip side, 18200 is a significant level, as it coincides with the 20-day exponential moving average (EMA),” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
08:40 (IST) 26 May 2023 Expect waterfall of selling towards 18000 if Nifty breaches 18181
“Nifty is expected to aim its major hurdles at the 18473 mark. Nifty’s biggest support to watch is at 18181. Only below 18181, expect a waterfall of selling towards Nifty’s psychological 18000 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Share Market Outlook Today
08:40 (IST) 26 May 2023 Market will continue to buy on dips until Nifty’s 18050 level is not surpassed
“The general picture is positive, and the market will continue to buy on dips until the Nifty’s critical support level of 18050 on the downside is not surpassed. The volume profile indicates Index has strong support around the 18100-18200 zone. Coming to the OI Data, on the call side, the highest OI was observed at 18400 followed by 18500 strike prices while on the put side, the highest OI is at 18200 strike price,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
08:40 (IST) 26 May 2023 Nifty could retest the level of 18400-18450
“Nifty formed a bullish candle on daily charts which supports a further uptrend from the current levels. We are of the view that 20-day SMA or 18220 would be the sacrosanct support zone for the bulls. Above the same, the index could retest the level of 18400-18450. On the flip side, below 20-day SMA or 18220 uptrend would be vulnerable. Below the same, the market could slip till 18150-18100,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
08:40 (IST) 26 May 2023 Nifty first support at 18246 and then 18191
NSE Nifty 50 first support at 18246 and then 18191 while resistance at 18375 and then 18450, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
07:55 (IST) 26 May 2023 No stocks under F&O ban today
The National Stock Exchange has no securities on its F&O ban list for 26 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.
07:55 (IST) 26 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 589.10 crore, while domestic institutional investors (DII) purchased shares worth net Rs 338.44 crore on May 25, according to the provisional data available on the NSE.
07:54 (IST) 26 May 2023 Crude prices slip
Brent crude slipped 4 cents to $76.22 a barrel, while U.S. West Texas Intermediate was up 9 cents, or 0.1%, at $71.92 a barrel.
07:50 (IST) 26 May 2023 US indices end mostly in green
The US market ended the overnight session mostly in green – Dow Jones Industrial Average (DJIA) fell 0.11%, S&P 500 rose 0.88% and the tech-heavy Nasdaq jumped 1.71%.
07:49 (IST) 26 May 2023 Asian markets trade mixed
Asian markets were trading mixed – Hong Kong’s Hang Seng tanked 1.93%, China’s Shanghai Composite index dipped 0.30%, South Korea’s KOSPI rose 0.10% and Japan’s Nikkei 225 jumped 0.68%.
07:49 (IST) 26 May 2023 SGX Nifty in red
The Nifty futures on the Singapore Exchange (SGX) were trading 64 points or 0.35% lower at 18,403 in today’s early morning trade.
07:49 (IST) 26 May 2023 Stocks To Watch
HDFC, SAIL, Vedanta, Reliance Industries, Vodafone Idea, ONGC and Sun Pharma stocks are in focus today.
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07:47 (IST) 26 May 2023 Nifty to extend gains or correction on cards? Check US stocks, Asian markets, FII activity, SGX Nifty, more
The SGX Nifty lost 0.28% in trade on Friday morning, signaling that domestic indices NSE Nifty 50 and BSE Sensex would open on a negative basis. “Global markets maintained their influence, exerting downward pressure on the domestic market in response to weaker cues from the US market and the recession in Germany. However, as US futures rose, propelled by a sharp increase in sales projections from chipmaker Nvidia, the domestic market was able to efficiently recoup its earlier losses,” said Vinod Nair, Head of Research, Geojit Financial Services.
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