Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices pared gains and ended Thursday’s session in the red. The NSE Nifty 50 fell 51.8 points or 0.28% to 18,129.95 and BSE Sensex dipped 128 points or 0.21% to 61,431.74. In sectoral indices, Bank Nifty rose 53.6 points or 0.12% to 43,752.3, Nifty Auto fell 0.88%, Nifty FMCG tanked 1.10%, Nifty Pharma plunged 1.27%, Nifty PSU Bank tumbled dropped 1.90%, Nifty Oil & Gas decreased 1.10% and Nifty Realty tumbled 2.37%. The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, Kotak Bank, ICICI Bank and HCL Technologies while the losers were Divis Lab, Adani Ports, ITC, SBIN and Power Grid.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:29 (IST) 18 May 2023 Where is share market headed after Nifty closes below 18130, Bank Nifty above 43750
Benchmark indices pared gains and ended Thursday’s session in the red. “Markets traded volatile on the weekly expiry day and ended marginally lower. It is healthy consolidation so far however volatility across sectors is keeping traders on their toes. We feel it’s prudent to stay light and utilize this phase to gradually accumulate quality stocks from top-performing sectors viz. banking, financials, FMCG and auto,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
Check Nifty, Bank Nifty’s support, resistance
15:41 (IST) 18 May 2023 Top gainers/losers
The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, Kotak Bank, ICICI Bank and HCL Technologies while the losers were Divis Lab, Adani Ports, ITC, SBIN and Power Grid.
15:41 (IST) 18 May 2023 Bank Nifty gains; Pharma, Realty, FMCG, PSU Bank fall
In sectoral indices, Bank Nifty rose 53.6 points or 0.12% to 43,752.3, Nifty Auto fell 0.88%, Nifty FMCG tanked 1.10%, Nifty Pharma plunged 1.27%, Nifty PSU Bank tumbled dropped 1.90%, Nifty Oil & Gas decreased 1.10% and Nifty Realty tumbled 2.37%.
15:40 (IST) 18 May 2023 Nifty, Sensex end in red
The NSE Nifty 50 fell 51.8 points or 0.28% to 18,129.95 and BSE Sensex dipped 128 points or 0.21% to 61,431.74.
15:31 (IST) 18 May 2023 Stocks at 52-week Lows
Aditya Birla Fashion and Retail, Hexa Tradex, IPCA Laboratories, Power & Instrumentation (Gujarat) and SEL Manufacturing Company were among the 12 stocks that hit 52-week lows.
15:31 (IST) 18 May 2023 Stocks at 52-week Highs
Mtar Technologies, Vindhya Telelinks, Gujarat State Fertilizers & Chemicals, Gujarat Industries Power Company, Shivalik Bimetal Controls, Baid Finserv, Kaynes Technology India, Ujjivan Financial Services, InterGlobe Aviation, IOL Chemicals and Pharmaceuticals, Universal Cables, L&T Finance Holdings, Equitas Small Finance Bank, Cera Sanitaryware, Lincoln Pharmaceuticals, Exide Industries, Patel Engineering, Lloyds Steels Industries, Max Healthcare Institute, Poonawalla Fincorp, AU Small Finance Bank, Hitachi Energy India, Servotech Power Systems, Andhra Cements, Jindal Saw, Tega Industries and Kirloskar Brothers were among the 82 stocks that hit 52-week highs.
15:31 (IST) 18 May 2023 Price Band Hitters
Lorenzini Apparels, ABM International, Andhra Cements, Aurionpro Solutions, AXISCADES Technologies, DRC Systems India and Soma Textiles & Industries were among 55 stocks to hit the upper price band. Adani Transmission, Adani Total Gas, Axita Cotton, Sanghi Industries and TECIL Chemicals and Hydro Power were 26 stocks to hit the lower price band.
15:30 (IST) 18 May 2023 Nifty 50 Gainers and Losers
Bajaj Finance, Bharti Airtel, Asian Paints, Kotak Bank, ICICI Bank, Hero MotoCorp, HCL Tech and Axis Bank were the top gainers while Divis Lab, Adani Ports, Dr Reddy’s Laboratories, ITC, Tata Motors, State Bank of India, Sun Pharma, Mahindra & Mahindra, Britannia, Titan and Cipla were the losers.
15:30 (IST) 18 May 2023 Volume Gainers
Shanti Overseas (India), DB (International) Stock Brokers, GPT Infraprojects, Sakuma Exports, EIH, Remsons Industries, Jubilant Industries, Shaily Engineering Plastics, Vedant Fashions, Honeywell Automation India, Indo-National, Thermax, Restaurant Brands Asia, Tega Industries, Shreyas Shipping & Logistics, Cords Cable Industries, Patel Integrated Logistics, Huhtamaki India, Dev Information Technology, Birla Cable and Wheels India were the volume gainers on NSE.
15:30 (IST) 18 May 2023 Most active equities on NSE
HDFC Bank, SBIN, ICICI Bank, Axis Bank, Reliance, Bharti Airtel, Kotak Bank, Infosys, Bajaj Finance, Tata Motors, ITC, Bank of Baroda, HDFC, BLS, Eicher Motors, Larsen & Toubro and TCS were the most active stocks on NSE.
15:30 (IST) 18 May 2023 Sectoral indices in red
In sectoral indices, Bank Nifty rose 201.65 points or 0.46% to 3,900.35, Nifty FMCG fell 0.74%, Nifty Pharma tanked 1.16%, Nifty PSU Bank plunged 1.13% and Nifty Realty tumbled 2.13%
15:30 (IST) 18 May 2023 Broader markets in red
In broader markets, the Nifty 100 fell 0.13%, Nifty Midcap 50 was down 0.41% and Nifty Small Cap 100 dipped 0.23%. The volatility index, India VIX fell 1.6%.
14:22 (IST) 18 May 2023 Gold, Silver trade lower; Gold support placed at Rs 59750/59580 levels
Gold and Silver traded lower on Thursday. Gold futures on the multi-commodity exchange (MCX) for June delivery were trading at Rs 60,010, down 0.22% or Rs 135 and Silver futures for July delivery fell 0.81% or Rs 585 to Rs 72,073. Globally, the gold rate decreased as the dollar held firm and optimism over US debt-ceiling talks reduced the metal’s safe-haven appeal. Spot gold fell 0.2% to $1,977.79 per ounce. US gold futures edged 0.1% lower to $1,982.10. Spot silver fell 0.5% to $23.61 per ounce, platinum shed 0.2% to $1,066.71, and palladium lost 0.4% to $1,480.85.
Gold Price Today, 18 May
13:54 (IST) 18 May 2023 Nifty below 18200, Sensex up 100 pts; check top gainers/losers
NSE Nifty 50 pared early gains and was trading at 18,199.7. BSE Sensex rose 100.68 points or 0.16% to 61,661.32. The top gainers on Nifty 50 were Bajaj Finance, Bharti Airtel, ICICI Bank, Hero Moto Corp and Kotak Bank while the losers were Divis Lab, Adani Ports, Dr Reddy, Sun Pharma and Grasim.
13:27 (IST) 18 May 2023 IIFL partners with Yobee to simplify trading for investors with launch of Tradebox
Yobee has announced a partnership with IIFL Securities to launch Tradebox to simplify and enhance the systematic trading experience for advisors, investors, and traders. As a part of the partnership, Yobee will allow IIFL Securities’ customers to access the Tradebox application within the IIFL app and web. Additionally, customers can also begin their trading journey from the Tradebox website using the “Login with IIFL Securities” feature.
11:21 (IST) 18 May 2023 Highest dividend-yield PSU shares: Coal India, REC, ONGC, NALCO, Power Grid
REC and Coal India shares were among the top dividend paying PSU scrips in the last financial year, with yields of 10% each in 2022-23, according to a list of highest dividend-yielding PSU shares compiled by Axis Securities. Despite having one of the lowest dividend yields on the table, Rites paid out the highest dividend, at Rs 404 per equity share. The other lowest dividend-yielding firm on this list was NHPC, with a yield of 4%.
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09:49 (IST) 18 May 2023 Bank Nifty would have daily range of 43300-44100
“Bank Nifty breached the 43700 zone during the intraday session on Wednesday to turn down the daily trend but still, the last-hour pullback has slightly improved the bias to some extent anticipating for some revival. A decisive breach below the 43300 zone would further weaken the bias to anticipate further slide in the coming days. Bank Nifty would have a daily range of 43300-44100 levels,” said Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.
09:47 (IST) 18 May 2023 Nifty support seen at 18050; resistance at 18300
“Nifty gave a negative closing for the second consecutive day indicating two weak candles after the recent rally to anticipate a trend reversal for the index having 18000 as the psychological support as of now. The level near 17800 of the significant 200DMA would be the major support zone for the index if there is any major slide witnessed in the coming days. The support for the day is seen at 18050 levels while the resistance is seen at 18300 levels,” said Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.
09:43 (IST) 18 May 2023 Nifty may face challenge from 18290 region
“Expect dips to 18167 if initial upsides fail to help Nifty float above 18230. Alternatively, if upswings take off without dips, expect a challenge from the 18290 regions, but if it turns lower thereof does not stretch beyond 18230, expect 18660 shortly,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:41 (IST) 18 May 2023 SBI, ITC results likely to be very good and can aid the bulls
“The market is delicately poised with both bullish and bearish signals. Profit booking at higher levels and the buildup of short positions are bearish signs. But optimism regarding the resolution of the US debt ceiling impasse is a bullish sign. Since a failure to raise the debt ceiling and the consequent default will have catastrophic consequences not only for the US economy and financial system but also for the global economy and global financial system, a resolution to the impasse will be reached even if at the eleventh hour. Positive global cues will embolden the bulls to charge once again towards new highs. Two major results today -SBI and ITC- are likely to be very good and can aid the bulls,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:34 (IST) 18 May 2023 NHPC share price jumps 1%
NHPC share price jumped 1% to Rs 44.79 after the company received a letter of intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200 MW capacity solar power project within 600 MW GSECL’s Solar Park at Khavda (GSECL Stage-1). The estimated financial implication for the project is Rs1,007.60 crore.
09:33 (IST) 18 May 2023 SBI share price jumps over half a percent
State Bank of India share price jumps 0.61% to Rs 590.1 ahead of the Q4 results announcement. Analysts expect SBI to extend its record-high PAT performance. In the previous quarter, SBI reported 66% growth in profit-after-tax at Rs 14,205 crore.
09:31 (IST) 18 May 2023 ITC share price jumps nearly 1%
ITC share price jumped 0.78% to Rs 431 ahead of the Q4 results announcement. Industry experts predict that the FMCG company will see double-digit growth in net profit, while revenues are expected to grow between 3-6%.
09:27 (IST) 18 May 2023 Bank Nifty jumps 350 pts; check top gainers
Bank Nifty jumped 350 points or 0.75% to 44,049.2. The top gainers were Axis Bank, Kotak Bank, HDFC Bank, AU Bank and IDFC First Bank while there were no losers.
09:25 (IST) 18 May 2023 Top gainers/losers
The top gainers on Nifty 50 were JSW Steel, ITC, Bajaj Finance, Hindalco and Axis Bank while the losers were Divis Lab, BPCL, Mahindra & Mahindra, UPL and ONGC.
09:25 (IST) 18 May 2023 Bank Nifty, IT gain
In sectoral indices, Bank Nifty soared 221.85 points or 0.51% to 43,920.55 and Nifty IT gained 111.45 points or 0.40% to 28,054.4. T
09:24 (IST) 18 May 2023 Nifty, Sensex open in green
The NSE Nifty 50 jumped 96.65 points or 0.53% to 18,278.40 and BSE Sensex surged 311.62 points or 0.51% to 61,872.26.
09:10 (IST) 18 May 2023 Nifty, Sensex end pre-open in green
Benchmark indices ended the pre-opening session in green. The NSE Nifty 50 surged 105.75 points or 0.58% to 18,287.50 and BSE Sensex jumped 377.21 points or 0.61% to 61,937.85.
09:05 (IST) 18 May 2023 Bank Nifty resistance at 43800, 44000 and 44200
“Bank Nifty is seen to be trading with a sideways to negative trend from the last two days but the undertone remains bullish as long as it holds the levels of 43450 as put writers are fiercely active on 43500 and 43600 and call writers are active on 43800 and 4400. Technical indicator RSI is at around 63 and is showing strength by sustaining above 50 levels. Support placed at 43600, 43500 and 43350 and resistance at 43800, 44000 and 44200,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
Share Market Outlook Today
09:04 (IST) 18 May 2023 Bank Nifty break above 44000 will resume up move
“Bank Nifty continued to face selling pressure from a higher level and the index closed below the level of 44000. The highest open interest on the call side is built up at 44000 Ce stroke and a break above this will resume the up move. The downside support stands at 43500 and a break below this will accelerate the down move,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Share Market Outlook Today
09:04 (IST) 18 May 2023 Bank Nifty first support at 43487 and then 43231
Bank Nifty first support at 43487 and then 43231 and resistance at 43977 and then 44211, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
09:04 (IST) 18 May 2023 Nifty may consolidate over the next few days
“Global markets are seeing a selloff as the debt ceiling negotiations continue. Investors remain cautious as the US faces the possibility of defaulting at the start of June. On the domestic front, Nifty is now facing resistance at ~18300, after moving in the last few days. We expect some consolidation over the next few days before a fresh leg of the rally starts,” said Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd.
Share Market Outlook Today
09:04 (IST) 18 May 2023 Nifty expected to rise until it surpasses 18460
“The daily chart’s profit-taking is likely to continue. Above 18460, Nifty might face resistance with immediate support visible at 18100. Therefore, the index is expected to keep rising in the future until the index surpasses 18,460. On the downside, support lies at 18,100, followed by 18,030 and 18,000,” said Rohan Shah, head technical analyst at Stoxbox.
Share Market Outlook Today
09:03 (IST) 18 May 2023 Until Nifty manages to stay above 18100, the uptrend is intact
“Amid the selling pressure the Nifty has managed to hold on to the crucial support level of 18100, until the Nifty manages to stay above this level the uptrend is intact. On the flip side, there are multiple support parameters in the form of the 20-day moving average (18053) and the 38.2% Fibonacci retracement level (18113) of the rise from 17553–18459 are placed which shall provide cushion and restrict a deep correction,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
09:03 (IST) 18 May 2023 Nifty immediate resistance seen at 18250-18300
“Nifty has breached the crucial support level of 18250 and also formed a bearish candle on daily charts which is largely negative. For traders 18250 and 18300 would act as an immediate resistance area while 18100-18050 could be important support levels for the bulls,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
09:03 (IST) 18 May 2023 Post-correction pullback may take Nifty back to 18300
“On an immediate basis, a post-correction pullback may take the Nifty back to 18300, where bears might be awaiting to re-enter the market. A rejection from the 18300 may trigger selling pressure once again. Immediate support is visible at 18100,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
09:02 (IST) 18 May 2023 Nifty below 18211, a cascade of selling towards the 17837 may unfold
“NSE Nifty 50 breached a crucial support level at 18211 on Wednesday, indicating further downward movement ahead. Below 18211, a cascade of selling towards the 17837 mark may unfold. However, on the upside, the Nifty encounters formidable obstacles at the 18473 mark. In these uncertain times, caution becomes the prevailing sentiment,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Share Market Outlook Today
09:02 (IST) 18 May 2023 Nifty first support at 18100 and then 17950
“Profit booking extended yesterday in key indices but it was small caps which continued to do well. VIX did not rise in spite of the correction in the market means the downside should be limited. NSE Nifty 50 has a positive bias above 18225. Nifty first support at 18100 and then 17950 while resistance at 18225 and then 18325,” said Rahul Sharma, JM Financial.
Share Market Outlook Today
09:01 (IST) 18 May 2023 Balrampur Chini, Mannappuram Finance, GNFC, PNB, LICHF and others under F&O ban today
The National Stock Exchange has Delta Corp, Balrampur Chini Mills, Mannappuram Finance, GNFC and Punjab National Bank, Aditya Birla Fashion and Retail and LIC Housing Finance securities on its F&O ban list for 18 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.
09:00 (IST) 18 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 149.33 crore, while domestic institutional investors (DII) sold shares worth net Rs 203.87 crore on May 17, according to the provisional data available on the NSE.
08:59 (IST) 18 May 2023 Crude prices fall
Oil prices edged lower on Thursday, easing on concerns over plentiful supply after surging nearly 3% during the previous session. Brent crude futures dipped 24 cents to $76.72 a barrel. U.S. West Texas Intermediate crude dropped 21 cents to $72.62. Both benchmarks rose nearly 3% on Wednesday on optimism over oil demand and U.S. debt ceiling negotiations.
08:06 (IST) 18 May 2023 US indices end in green
The US market ended the overnight session broadly in green – Dow Jones Industrial Average (DJIA) jumped 1.24%, S&P 500 surged 1.19% and the tech-heavy Nasdaq soared 1.28%.
08:05 (IST) 18 May 2023 Asian markets trade higher
Asian markets were trading higher – Hong Kong’s Hang Seng rose 0.78%, China’s Shanghai Composite index climbed 0.58%, South Korea’s KOSPI was up 0.47% and Japan’s Nikkei 225 jumped 1.24%.
08:05 (IST) 18 May 2023 SGX Nifty in green
The Nifty futures on the Singapore Exchange (SGX) were trading 33 points or 0.18% higher at 18,265 in today’s early morning trade.