Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Tuesday’s session in the green. The NSE Nifty 50 climbed 35.20 points or 0.19% to 18,633.85 and BSE Sensex surged 122.75 points or 0.20% to 62,969.13. In sectoral indices, Bank Nifty jumped 124.45 points or 0.28% to 44,436.35, Nifty Financial Services gained 73.35 points or 0.38% to 19,606.05, Nifty IT rose 57.45 points or 0.20% to 29,297.65 while Nifty Metal plunged 54.65 points or 0.91% to 5,936.55. The top gainers on Nifty 50 were ITC, HDFC Life, Bajaj Finserv, Kotak Bank and Bajaj Finance while the losers were Hindalco, Adani Enterprises, Tata Steel, Tech Mahindra and Dr Redd’ys Laboratories.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:30 (IST) 30 May 2023 Where is share market headed after Nifty closes above 18630, Bank Nifty above 44430
Benchmark indices NSE Nifty 50 and BSE Sensex ended Tuesday’s session in the green. Meanwhile, Bank Nifty hit a new all-time high of 44,498.60 today. “The domestic market continued its rally as recent Q4 results indicated an improvement in demand. Further, expectations of a normal monsoon and a drop in international commodity prices support a rise in the margin profile. The underlying trend is strong, supported by strong liquidity, the negative slope of the interest yield, and the forecast of strong QoQ growth in Q4 FY23 GDP vs. 4.4% in Q3,” said Vinod Nair, Head of Research at Geojit Financial Services.
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16:08 (IST) 30 May 2023 What next for Bank Nifty after hitting fresh all-time high today? Credit growth may fall, deposits to improve
Bank Nifty hit a new all-time high of 44,486.35 on Tuesday – just a whisker above yesterday’s high – as market sentiment improved and analysts turned bullish on bank stocks. Bank Nifty has jumped 3.1% year to date, outperforming the Nifty 50, which has gained 2.7% YTD. The recent surge suggests that the ongoing global banking crisis has no significant impact on the Indian banking system and the balance sheets are much more resilient than they were historically in terms of capital buffer, credit quality and liquidity aided by stringent regulatory frameworks.
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15:41 (IST) 30 May 2023 Nifty, Sensex end in green
Benchmark indices ended in the green. The NSE Nifty 50 rose 35.20 points or 0.19% to 18,633.85 and BSE Sensex soared 122.75 points or 0.20% to 62,969.13.
14:37 (IST) 30 May 2023 Stocks at 52-week lows
Cerebra Integrated Technologies, Dharani Sugars & Chemicals, Godha Cab Insulat, Omkar Speciality Chemicals, Silly Monks Entertainment, Siti Networks, Suumaya Industries, Viji Finance, Zee Media Corporation, GRM Overseas and Sheetal Cool Products were among 11 stocks that hit 52 week lows.
14:36 (IST) 30 May 2023 Stocks at 52-week highs
ABB India, Andhra Cements, AIA Engineering, Aptech, Arrow Greentech, Aurobindo Pharma, Bajaj Consumer Care, Bhansali Engineering Polymers, Centum Electronics, Choice International, Control Print, Cummins India, Dalmia Bharat, Dynamic Cables, Edelweiss Mutual Fund, Equitas Small Finance Bank, Force Motors, Geekay Wires, Gujarat State Petronet, Heritage Foods, Hind Rectifiers, Hindustan Media Ventures, Huhtamaki India, IDFC First Bank, InterGlobe Aviation, Indian Oil Corporation, Isgec Heavy Engineering, Inox Wind Energy, Jindal Saw, JITF Infralogistics, JK Cement, Kajaria Ceramics, Kamat Hotels, Kaynes Technology India, Kovai Medical Center and Hospital, L&T Finance Holdings, Landmark Cars, Latteys Industries, Linc, Lumax Auto Technologies, Lupin, Magnum Ventures, Manaksia, Man Industries (India), Marshall Machines, Medico Remedies, Metro Brands, NBCC (India), Ndr Auto Components, Nucleus Software Exports, One Point One Solutions, Power Finance Corporation, PG Electroplast, Pondy Oxides & Chemicals, The Ramco Cements, Rane (Madras), Servotech Power Systems, Sky Gold, Sundram Fasteners, Supreme Industries, Syrma SGS Technology, Thangamayil Jewellery, Titan Company, Transformers And Rectifiers (India), TVS Motor Company, Ujjivan Financial Services, Ujjivan Small Finance Bank, UltraTech Cement, Venus Pipes & Tubes, Voltamp Transformers and Zen Technologies amon 80 stocks that hit 52-week highs.
14:36 (IST) 30 May 2023 Rail Vikas Nigam, Adani Total Gas among 30 stocks to hit lower price band
Rail Vikas Nigam, Adani Total Gas, AMD Industries, Marine Electricals, Thomas Scott, Zodiac Energy and Bodhi Tree Multimedia were among 30 stocks that hit lower price band.
14:35 (IST) 30 May 2023 NDTV, Force Motors among 64 NSE stocks to hit upper price band
Seya Industries, Raj Rayon Industries, Dynacons Systems & Solutions, Geekay Wires, NINtec Systems, Andhra Cements, New Delhi Television (NDTV), JITF Infralogistics, SPML Infra, Hindprakash Industries, Nucleus Software Exports, Force Motors and Munjal Showa were among 64 stocks that hit upper price band.
14:34 (IST) 30 May 2023 Volume Gainers
Goyal Aluminiums, Electrotherm (India), Kalpataru Power Transmission, Hikal, Best Agrolife, Krishna Institute of Medical Sciences, Force Motors, Bang Overseas, Pondy Oxides & Chemicals, Isgec Heavy Engineering, Monte Carlo Fashions, Associated Alcohols & Breweries, Vijaya Diagnostic Centre, Sobha, Inox Wind Energy, N R Agarwal Industries, Munjal Showa, Dilip Buildcon, Akg Exim, Kapston Services, Marksans Pharma and Goodluck India were among the volume gainers.
14:34 (IST) 30 May 2023 Top gainers/losers
ITC, Apollo Hospital, HCL Tech, UltraTech Cement and Wipro were the top gainers while Hidalco, Tata Steel, Tech Mahindra, Adani Enterprises, Coal India and Larsen & Toubro were among the losers.
14:34 (IST) 30 May 2023 ITC, RIL among most active equities
The most active stocks on the NSE were HDFC Bank, ICICI Bank, Kotak Bank, Reliance Industries and ITC.
14:34 (IST) 30 May 2023 Sectoral indices trade mixed
Sectorally, Bank Nifty was trading at 44,345.05, Nifty IT rose 0.2% while Nifty Metal fell 0.67%.
14:33 (IST) 30 May 2023 Broader indices trade in green
The broader market indices were trading in green – Nifty Midcap 50 gained 0.23% while Nifty Smallcap 100 rose 0.10%.
13:35 (IST) 30 May 2023 Saudi Aramco may consider selling more shares; low liquidity raises concerns over oil giant’s $2 trln valuation
Oil giant Saudi Aramco shares a couple of traits with Apple Inc. and Microsoft Corp: a market capitalization measured in the trillions of dollars, and a stratospheric price-to-earnings ratio. Unlike those tech behemoths, though, Aramco’s valuation relies more on smoke and mirrors than the market’s collective wisdom. That matters because the Saudi government, which directly and indirectly still controls 98% of the company’s equity after its 2019 initial public offering, is now mulling whether to sell more shares.
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12:51 (IST) 30 May 2023 Nifty may test 18500-18700; Bank Nifty up move expected to continue, support placed 42600-43500 level
Markets have ended a 2-week-long consolidation phase in continuation to the prevailing trend and inched closer to their record high. Amid mixed global cues, continuous buying in sectors like banking, financials, auto and FMCG combined with a recovery in the IT pack and heavyweights like Reliance plays a crucial role in the sustainability of the trend. On the benchmark front, Nifty has crossed the hurdle at the 18,400 mark and currently trading at 18,598.65 levels. The broader indices continue to attract buying interest wherein the midcap index has made a new record high and smallcap is also catching up with the trend.
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10:24 (IST) 30 May 2023 IRCTC share price tanks 2% today despite Q4 net profit jumps 30%
IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned company’s net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year. The company’s board recommended a final dividend of Rs 2 per equity share of face value of Rs 2 each for the financial year ended March 2023, at 100% of the paid-up share capital of Rs 160 crore. IRCTC stock has gained nearly 3% in the last one month while falling 9% in the last one year.
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09:53 (IST) 30 May 2023 Nifty may get back to 18750-18887-19070 trajectory
“The formation of a bearish abandoned baby candle after the near fulfilment of the 18660 objectives, warns of a correction. We are however interested in the prospects of bulls regrouping once in the 18530 vicinity. Should it hold, we may quickly get back to the 18750-18887-19070 trajectory. Else, brace for extended consolidation with 18430 as support,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:52 (IST) 30 May 2023 Nifty surpasses Monday’s intraday high; trades above 18649
NSE Nifty 50 surpassed Monday’s intraday high of 18641, trading at 18649. The top gainers were ONGC, JSW Steel, ITC, UltraTech Cement and HCL Tech.
09:32 (IST) 30 May 2023 Bank Nifty near 44400; check top gainers/losers
Bank Nifty jumped 82.35 points or 0.19% to 44,394.25. The top gainers were Kotak Bank, IDFC First Bank, PNB, Bank of Baroda and ICICI Bank while the losers were AU Bank, SBIN, Bandhan Bank and IndusInd Bank.
09:30 (IST) 30 May 2023 Nifty 50 jumps above 18600; check top gainers/losers
The NSE Nifty 50 jumped 37.10 points or 0.20% to 18,635.75. The top gainers were HCL Tech, UltraTech Cement, ITC, Kotak Bank and NTPC while the losers were Divis Lab, SBI Life, Hindalco, Nestle India and Dr Reddy’s Laboratories.
09:21 (IST) 30 May 2023 Nifty, Sensex open flat
NSE Nifty 50 fell 13.65 points or 0.07% to 18,585 while BSE Sensex rose 46.96 points or 0.07% to 62,893.34.
09:06 (IST) 30 May 2023 Bank Nifty may head towards 45000-46000
“Bank Nifty is witnessing a strong breakout and could see further momentum from hereon and the index can now head towards 45000 to 46000 zones in coming sessions,” said Sandeep Gupta, Senior Grp. VP & Head of Dealing & Advisory – Broking & Distribution, MOFSL.
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09:06 (IST) 30 May 2023 Bank Nifty resistance at 45000, support at 43500
“Nifty Bank next resistance level on the upside is identified at 45000. In terms of options data, the highest open interest for put options is observed at 43500, suggesting that traders have significant interest in that strike price as a potential support level. On the other hand, the highest open interest for call options is seen at 45000, indicating that traders anticipate potential resistance at that level,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
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09:05 (IST) 30 May 2023 Strong outperformance expected by Bank Nifty
“Bank Nifty managed to close firmly above the breakout area suggesting a move towards 45000 is possible to be seen in the coming days. Since Bank Nifty has witnessed fresh breakouts, unlike Nifty, which has been trading considerably above the previous breakouts, one can expect strong outperformance by bank Nifty going forward,” said Gaurav Bissa, VP – InCred Equities.
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09:05 (IST) 30 May 2023 Nifty may remain within defined range with bullish undertone
“Nifty witnessed an increase in call writing activity at the 18800 level, suggesting a resistance zone, while put writing was observed at the 18600 level, indicating a potential support zone in the near term. Furthermore, the 18500 level is expected to act as a significant support level for the index. These observations suggest that the market may remain within a defined range with a bullish undertone in the coming days,” said Rupak De, Senior Technical at LKP Securities.
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09:05 (IST) 30 May 2023 Buy-in dips strategy may continue
“Based on the current market conditions, it is evident that the rally in Indian markets has been fueled by positive developments in Wall Street, specifically the raising of the US debt ceiling. The banking sector has outperformed the market, along with the metals sector. The Nifty has found strong support at 18283, indicating the possibility of further market gains. Seems like buy-in dips may continue,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
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09:05 (IST) 30 May 2023 Nifty resistance at 18700, 18800 and 18900
“Nifty has an intermediate support around 18,400, followed by 18,200. Whereas resistance is placed at 18,700, followed by 18,800 and 18,900,” said Rohan Shah, head technical analyst at Stoxbox.
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09:04 (IST) 30 May 2023 Nifty can witness small profit booking
“While the overall texture of Nifty remains strong, it can witness small profit booking on account of the bearish harmonic deep crab pattern that is formed on the hourly charts. This is expected to result in a small profit booking with options data suggesting 18500 is a formidable support on an immediate basis,” said Gaurav Bissa, VP – InCred Equities.
Share Market Outlook Today
09:04 (IST) 30 May 2023 Nifty to target levels of 18800
“We expect the Nifty to target levels of 18800. In terms of levels, 18700–18800 shall act as an immediate hurdle zone while the gap area formed today in the range 18500–18580 shall act as a crucial support zone from a short-term perspective,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP.
Share Market Outlook Today
09:04 (IST) 30 May 2023 Exit long positions if Nifty falls below 18500
“Nifty key support levels for the bulls are 18550 and 18500 while the crucial resistance areas are expected to be 18650-18700. Traders may consider exiting their long positions if the market falls below 18500,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
09:03 (IST) 30 May 2023 Nifty support at 18450-18400
“We anticipate that the NSE Nifty 50 will also follow Bank Nifty and test the all-time high level of 18887.60 and potentially go even higher in the near future. From a technical perspective, we believe that the previous resistance around 18450-18400 will now act as a support level, while the 18780-18900 range will serve as immediate resistance,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
09:03 (IST) 30 May 2023 No stocks under F&O ban today
The National Stock Exchange has not added any stock to its F&O ban list for Tuesday, May 30.
09:02 (IST) 30 May 2023 FII/DII data
Foreign institutional investors (FIIs) bought shares worth a net Rs 1,758.16 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 853.57 crore on May 29, provisional data from the National Stock Exchange shows.
08:26 (IST) 30 May 2023 US indices end broadly in green
The US market ended the overnight session broadly in green – Dow Jones Industrial Average (DJIA) jumped 1%, S&P 500 surged 1.3% and the tech-heavy Nasdaq skyrocketed 2.19%.
08:26 (IST) 30 May 2023 Asian markets trade in green
Asian markets were trading mostly in green – Hong Kong’s Hang Seng rose 0.45%, China’s Shanghai Composite index climbed 0.22%, South Korea’s KOSPI jumped 0.92% while Japan’s Nikkei 225 fell 0.5%.
08:25 (IST) 30 May 2023 SGX Nifty trades in green
The Nifty futures on the Singapore Exchange (SGX) were trading 14 points or 0.07% higher at 18,704 in today’s early morning trade.
08:24 (IST) 30 May 2023 Stocks To Watch: Adani Transmission, IRCTC, Rail Vikas Nigam, Torrent Power, NBCC, Adani Ports, Mankind Pharma
Domestic indices may open marginally in green amid positive global cues. The Nifty futures on the Singapore Exchange (SGX) were trading 14 points or 0.07% higher at 18,704 in today’s early morning trade.
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