Share Market News Today | Sensex, Nifty, Share Prices Highlights: Despite mostly negative global cues, domestic indices ended Wednesday’s session broadly in the green. The NSE Nifty 50 soared 97.70 points or 0.50% to 19,778.30 and BSE Sensex jumped 351.49 points or 0.53% to 66,707.20. In sectoral indices, Bank Nifty rose 0.47%, Nifty FMCG surged 1.05% and Nifty PSU Bank soared 1.50%. The top gainers on Nifty 50 were Larsen & Toubro, Cipla, ITC, Britannia and Sun Pharma while the losers were Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, Apollo Hospitals and Tech Mahindra.
Live Updates 15:37 (IST) 26 Jul 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 97.70 points or 0.50% to 19,778.30 and BSE Sensex jumped 351.49 points or 0.53% to 66,707.20.
15:06 (IST) 26 Jul 2023 L&T shares jump 4% on positive Q1 results, Rs 10,000 cr share buyback
Engineering major L&T shares soared by 4.4% to an all-time high of 2,673.85 per share, becoming the top gainer on Nifty 50. This surge followed the company’s strong quarterly results, which were bolstered by a robust order book, leading to announcements of a share buyback and a special dividend.
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12:51 (IST) 26 Jul 2023 Volume Gainers
Lovable Lingerie, Aspinwall and Company, Rupa & Company, TCI Express, Lux Industries, Jain Irrigation Systems, Ajmera Realty & Infra India, Tata Investment Corporation, Bedmutha Industries, Zodiac Clothing Company, Vaishali Pharma, Tata Motors, Bhagyanagar India, Mold-Tek Technologies, Kingfa Science & Technology (India), Shaily Engineering Plastics, Gandhi Special Tubes, Donear Industries, Sobha, MSP Steel & Power, TTL, Bang Overseas, CESC, and Transwarranty Finance Limited were among the volume gainers.
12:50 (IST) 26 Jul 2023 Stocks at 52-Week Lows
Atam Valves, Lexus Granito (India), Orient Bell, Power & Instrumentation (Gujarat), SEL Manufacturing Company, Bkm Industries, Paras Petrofils, Viji Finance, Vinny Overseas, and Zee Learn were among 12 stocks that hit 52-week lows.
12:50 (IST) 26 Jul 2023 Stocks at 52-Week Highs
Action Construction Equipment, Ahluwalia Contracts (India), Ajmera Realty & Infra India, Alkem Laboratories, The Anup Engineering, Ashapura Minechem, Aurobindo Pharma, Bajaj Holdings & Investment, Balmer Lawrie & Company, Bharat Wire Ropes, Bharat Heavy Electricals, Castrol India, Century Textiles & Industries, Chalet Hotels, Colgate Palmolive (India), Credit Access Grameen, CSB Bank, Engineers India, Eris Lifesciences, Esab India, Escorts Kubota, Five-Star Business Finance, Fortis Healthcare, Gabriel India, GAIL (India), Gallantt Ispat, Gandhi Special Tubes, Gensol Engineering, Gujarat Industries Power Company, Glenmark Life Sciences, GMR Airports Infrastructure, GNA Axles, Godawari Power And Ispat, Grasim Industries, Gravita India, Hindustan Oil Exploration Company, Hindustan Petroleum Corporation, Housing & Urban Development Corporation, Igarashi Motors India, IIFL Finance, Indian Metals & Ferro Alloys, Indo Tech Transformers, Inox Green Energy Services, Iris Business Services, Jai Balaji Industries, Jindal Steel & Power, Jain Irrigation Systems, Jain Irrigation Systems, Jindal Stainless, JTL INDUSTRIES, Jupiter Wagons, Jyothy Labs, Karma Energy, Kaynes Technology India, KEC International, Kirloskar Brothers, Kokuyo Camlin, Kalpataru Projects International, Larsen & Toubro, Maan Aluminium, Maharashtra Seamless, Marksans Pharma, Metro Brands, MIC Electronics, Motilal Oswal Financial Services, MRF, Natco Pharma, National Aluminium Company, Nilkamal, NRB Bearing, NMDC Steel, NTPC, Oil & Natural Gas Corporation, Pix Transmissions, Power Mech Projects, Prakash Industries, Pressman Advertising, Railtel Corporation Of India, Refex Industries, Responsive Industries, RITES, Ramkrishna Forgings, RPG Life Sciences, Sah Polymers, Sanghvi Movers, Sarda Energy & Minerals, Satin Creditcare Network, Synergy Green Industries, Sigma Solve, Steel Strips Wheels, Sun Pharmaceutical Industries, Tata Coffee, Tata Communications, Tata Consumer Products, Tata Metaliks, Tata Motors, Tribhovandas Bhimji Zaveri, TIL, The Tinplate Company of India, Titagarh Rail Systems, Torrent Pharmaceuticals, TVS Motor Company, Ujjivan Small Finance Bank, WE WIN, The Western India Plywoods, W S Industries (I), Xchanging, Zen Technologies, Zodiac Clothing Company, and Zydus Lifesciences were among 129 stocks that hit 52-week highs today.
11:27 (IST) 26 Jul 2023 Markets trading range-bound, witnessing pressure at higher levels; Titan, Bata India, M&M among stocks to buy
On last Tuesday, the benchmark indices witnessed lackluster activity. The Nifty ended 8 points higher while the Sensex was down by 29 points. Among Sectors, metal index bounced back sharply, rallied nearly 3 percent whereas profit booking seen in PSU Bank index as a result PSU Bank index shed over 1 percent. Technically, after a two days correction the market witnessed range bound activity near 10 day SMA (Simple Moving Average) on daily charts it has formed small bearish candles and on intraday charts the index consistently witnessing selling pressure at higher levels.
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10:18 (IST) 26 Jul 2023 Tata Motors ‘A’ shares delisting offers 23% bonanza to DVR holders; here’s how investors can maximise gains
Tata Motors’ decision to cancel ‘A’ ordinary shares and swap those with ordinary shares offers the current ‘A’ shareholders up to 23% bonanza. Tata Motors seeks to simplify and consolidate its capital structure, which will cut the current number of equity shares by 4.2%. The board of directors approved a scheme of arrangement, wherein shareholders that own 10 ‘A’ ordinary shares will be issued 7 ordinary shares as a consideration for the reduction. The swap ratio offers a 23% premium to the Tata Motors DVR shareholders over the share price difference at Tuesday’s close.
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09:22 (IST) 26 Jul 2023 Nifty, Sensex open in green
The NSE Nifty 50 gained 45.55 points or 0.23% to 19,726.15 and BSE Sensex surged 177.03 points or 0.27% to 66,532.74.
09:04 (IST) 26 Jul 2023 Bank Nifty resistance at 46100-46200
“Bank Nifty is seen to be making a bearish candlestick after opening with a gap up on the daily timeframe and closing flat, just below yesterday’s closing amidst decreased volatility and a rangebound market. The trend can be considered sideways to bearish till the time 46100 is crossed and sustained on the daily timeframe. The resistance is at around 46100, 46200 and the support is at around 45800-45700. Technical indicator RSI is at around 65 whereas the 200 EMA is at 42151,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio.
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09:03 (IST) 26 Jul 2023 Bank Nifty support level positioned at 45500
“Bank Nifty faced selling pressure as it slipped below 46000. Profit booking has been evident for the past two days. The Relative Strength Index (RSI) indicates a bearish crossover. The support level is positioned at 45500, and the resistance is at 46000. Traders should closely monitor these levels as they may influence the index’s future direction,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:02 (IST) 26 Jul 2023 Nifty could slip till 19570-19550
“On daily charts, the Nifty has formed a small bearish candle and on intraday charts it is witnessing selling pressure at higher levels. For day traders, 19620 would be the key support level, and if the index trades above the same, we could expect a quick pullback rally till 19720-19750. On the flip side, dismissal of 19620 could accelerate selling pressure and below the same, the index could slip till 19570-19550,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
09:02 (IST) 26 Jul 2023 Re-enter long positions in range of 19450-19550
“The markets may continue with this consolidation phase leading up to the monthly expiry and the key event. The next crucial support levels for Nifty are around 19550 – 19500, representing the 61.8% retracement levels of the recent rally, followed by strong support at the 20EMA around 19450 levels. An ideal strategy would be to re-enter long positions in the range of 19450 – 19550, and a major weakness would trigger only if this range is broken. On the upside, immediate resistance is seen at 19800 – 19880, with 20000 posing a significant challenge for the bulls to overcome in the current monthly expiry,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
09:01 (IST) 26 Jul 2023 Nifty may fall to 19300 if it breaches 19550
“Throughout the day, Nifty traded within a narrow range. However, the daily chart indicates a downward consolidation, with the price falling below the rising trend line. The RSI shows a bearish crossover. Notably, the support level at 19550 is crucial, and if breached, the index could further decline towards 19300. Conversely, resistance is positioned at 19800 on the higher side,” said Rupak De, Senior Technical analyst at LKP Securities.
Share Market Outlook Today
08:35 (IST) 26 Jul 2023 US indices end in green
The US indices ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.08%, S&P 500 gained 0.28% and the tech-heavy Nasdaq jumped 0.61%.
08:35 (IST) 26 Jul 2023 Asian markets trade in red
Asian markets were trading in red – China’s Shanghai Composite Index fell 0.17%, South Korea’s KOSPI tumbled 0.74%, Hong Kong’s Hang Seng sank 0.27%, Asia Dow plunged 0.32% and Japan’s Nikkei 225 dipped 0.08%.
08:34 (IST) 26 Jul 2023 GIFT Nifty dips 20 pts
The GIFT Nifty futures traded 20 points or 0.10% lower at 19,705.5 in early morning trade.
08:34 (IST) 26 Jul 2023 RBL Bank, Delta Corp, Sun TV, Canara Bank, Indiabulls Housing under F&O ban today
The National Stock Exchange has RBL Bank, Delta Corp, Sun TV Network, Canara Bank, and Indiabulls Housing Finance securities on its F&O ban list for 26 July. 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.
08:33 (IST) 26 Jul 2023 FII/DII Data
Foreign institutional investors (FII) bought shares worth net Rs 1,088.76 crore, while domestic institutional investors (DII) sold shares worth net Rs 333.7 crore on 25 July, according to the provisional data available on the NSE.
08:33 (IST) 26 Jul 2023 Oil prices ease
Oil prices eased on Wednesday, sliding from three-month highs hit the previous day after industry data showed an expected rise in U.S. crude stockpiles, but losses were capped amid signs of tighter global supply and hopes for China’s economic stimulus.
08:31 (IST) 26 Jul 2023 Stocks To Watch: Tata Motors, L&T, Jubilant Foodworks, Axis Bank, Bajaj Finance, Cipla, SBI Life, UTI AMC
Benchmark indices NSE Nifty 50 and BSE Sensex continued its sideways trend, ending flat after a session of volatile trade. The Nifty 50 rose 8.25 points to close at 19,680.6. On the other hand, Sensex slipped 0.04% to end marginally in the red, at 66,355.71.
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