Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic indices NSE Nifty and BSE Sensex closed lower after a volatile session of trade on Monday, as the indices gyrated before gains and losses before settling around 0.4% respectively. Nifty 50 ended at 19,672.35, lower by 79 points while Sensex fell 0.45% to 66,384.78. Bank Nifty closed under the key level of 46,000 at 45,923.05, down 0.33%. Nifty FMCG, Nifty Metal and Nifty Oil & Gas were laggards, falling up to 1.72%. Nifty Healthcare was the top sectoral winner. In the broader markets, Nifty 100, Nifty 200, and Nifty 500 settled in the red, while Nifty Smallcap 100 was marginally higher at 0.14%.
Live Updates 15:38 (IST) 24 Jul 2023 Markets see profit-booking
“As expectations are getting reset in sync with the first quarter earnings that are underway, we witnessed profit booking post earnings and news flows today in heavy weights as well as financials. Investors need to be mindful of cuts in stock prices if eventual outcomes on earnings fail to match up with expectations. The PSE Index however exhibited keen interest from participants as several of its constituents rose on the back of likely inclusion in the MSCI as well as new clean energy orders.”
– S Ranganathan, Head of Research at LKP Securities
15:34 (IST) 24 Jul 2023 Markets at close
After a volatile session of trade, Nifty 50 closed at 19,672.35, lower by 79 points while Sensex slipped 0.45% to 66,384.78.
15:06 (IST) 24 Jul 2023 Currency outlook
“USDINR CMP- 81.89 (spot) Indian Rupee gained on softening crude oil prices and a sharp jump in India’s forex reserves. According to RBI’s data released on Friday, India’s forex reserves rose to $609.2 billion for the week ended July 14, 2023. However, a weak tone in the domestic markets and a strong US Dollar capped sharp gains. US Dollar gained amid disappointing PMI data from Europe and UK which showed activity contracting deeper.”
– Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas
14:35 (IST) 24 Jul 2023 ITC share price slips
Cigarettes-to-hotel conglomerate ITC’s share price crashed 3.5% in trade on Monday to Rs 473.35, as ITC is set to demerge its hospitality arm, incorporating a wholly-owned subsidiary called ITC Hotels.
14:33 (IST) 24 Jul 2023 Nifty Pharma, Healthcare jump
Nifty Pharma jumped 0.73% while the Nifty Healthcare Index is up 0.78% as the markets remain volatile.
12:49 (IST) 24 Jul 2023 Add Reliance Industries: HDFC Sec
“ADD rating on Reliance Industries (RIL) with a price target of INR 2,700/sh is premised on (1) recovery in the O2C businesses; (2) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams; and (3) potential for further value unlocking in the digital and retail businesses.”
– Institutional Research Analyst, HDFC Securities.
11:51 (IST) 24 Jul 2023 Nifty, Sensex in the red
Nifty and Sensex reversed their morning gains amid heightened volatility. From the day’s high of 19,782.75, Nifty 50 fell to trade 0.2% lower at 19,701.05. Sensex traded 170 points lower at 66,515.14.
11:47 (IST) 24 Jul 2023 20k key Nifty 50 resistance
“The psychological mark of 20,000 that was just missed during the week remains an immediate hurdle, followed by the golden retracement target of 20,100 – 20,200. On the downside, the recent congestion breakout level of 19,600 – 19,500 is considered immediate support, and a more significant correction may occur only if this level is breached.”
– Sameet Chavan, Head Research, Technical and Derivatives, Angel One
11:44 (IST) 24 Jul 2023 Gold outlook
“Gold prices resumed trading on a negative note, with spot gold at Comex trading slightly down by 0.05% at $1960 per ounce in the morning session as investors remained cautious ahead of a crucial Federal Reserve meeting. Markets are fully priced for 25 basis point hikes from the Fed and the ECB, and the focus will be on forward guidance.”
– Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities.
10:56 (IST) 24 Jul 2023 Vedanta shares fall 3%
The share price of Vedanta fell 2.85% in trade on Monday to Rs 270.30 apiece on the metal major’s disappointing Q1 earning results.
10:30 (IST) 24 Jul 2023 Kotak Bank tanks 4%
Kotak Bank share price fell 3.7% in trade on Monday on the bank’s Q1FY24 earnings report. Shares touched a low of Rs 1,896.95 apiece intraday.
10:26 (IST) 24 Jul 2023 Bank Nifty outlook
Bank Nifty has gained by 2.8% week-on-week on back of PSU Bank index scaling near to 52 week high. The key technical indicators are positively poised as it outperformed the broader markets and other sectors indices.
– Reliance Securities
09:47 (IST) 24 Jul 2023 Nifty derivative view
Nifty weekly contract has highest open interest at 19900 for Calls and 19000 for Puts while monthly contracts have highest open interest at 19900 for Calls and 19000 for Puts. Highest new OI addition was seen at 19900 for Calls and 19650 for Puts in weekly and at 19900 for Calls and 19650 for Puts in monthly contracts.
09:28 (IST) 24 Jul 2023 ICICI Bank up 1%
The share price of ICICI Bank jumped 0.9% in trade on Monday on positive Q1 earnings, touching a fresh 52-week high of Rs 1,006 apiece.
09:26 (IST) 24 Jul 2023 RIL shares tank
Reliance Industries share price fell 2.3% to a low of Rs 2,481 in trade on Monday as the street factored in Mukesh Ambani-led RIL’s first quarterly earnings for the fiscal year.
09:25 (IST) 24 Jul 2023 Nifty, Sensex open flat
Nifty 50 opened mildly higher at 19,748.45, while Sensex started trading at 66,629.14, shifting between gains and losses.
09:10 (IST) 24 Jul 2023 Nifty, Sensex end flat in pre-open
NSE Nifty 50 and BSE Sensex settled flat during the morning’s pre-open session, with Nifty 50 mildly higher at 19,748.45, up 0.02%. Sensex ended 55 points lower at 66,629.14.
08:55 (IST) 24 Jul 2023 Markets to be influenced by RIL results
“Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company – Jio Infocom and Reliance Retail – which are doing well and shows promise of improving, going forward.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
08:49 (IST) 24 Jul 2023 Markets to be range-bound
“Markets may witness sharp intraday sideways movement in next few sessions ahead of the US FOMC meeting outcome on Wednesday, as investors would be closely watching US Fed’s forward looking statement on interest rate movement for the rest of the year. On the technical front, hurdles for Nifty are now at 20,000 mark on closing basis, while support is placed at 19,561.”
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:33 (IST) 24 Jul 2023 Crude oil outlook
Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel.
08:32 (IST) 24 Jul 2023 F&O ban list
Manappuram Finance, Indiabulls Housing Finance, Delta Corp, L&T Housing Finance, Balrampur Chini Mills, and Punjab National Bank securities on its F&O ban list for 24 July.
08:00 (IST) 24 Jul 2023 FII, DII data
FIIs sold shares worth net Rs 1,998.77 crore, while domestic institutional investors DIIs bought shares worth net Rs 1,290.73 crore on 21 July.
07:59 (IST) 24 Jul 2023 Asian markets trade mixed
Shares in the Asia-Pacific region were trading mixed on Monday. China’s Shanghai Composite and Shenzhen Component were in the red, with Shanghai down by 0.23% and Shenzhen slipping 0.27%. Japan’s Nikkei 225 jumped 1.25%. South Korea’s Kospi surged 0.36% while Hong Kong’s Hang Seng tanked 1.15%. The Taiwan Weighted index recorded a loss of 0.11%.
07:59 (IST) 24 Jul 2023 Wall Street on Friday
The Dow Jones was flat, higher by 0.01%, the S&P 500 inched up 0.03%, and the Nasdaq Composite slipped 0.22% on Friday.