Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended the week’s last trading session mildly in the red. The NSE Nifty 50 dipped 13.85 points or 0.07% to 19,646.05 and BSE Sensex plunged 106.62 points or 0.16% to 66,160.20. In sectoral indices, Bank Nifty tanked 211.20 points or 0.46% to 45,468.10, Nifty Auto fell 0.22%, Nifty Financial Services was down 0.41% and Nifty IT sank 0.86% while Nifty FMCG rose 0.88%, Nifty Metal soared 0.90% and Nifty Realty soared 1.83%. The top gainers on Nifty 50 NTPC, Power Grid, Apollo Hospitals, Adani Ports and Mahindra & Mahindra while the losers were Bajaj Finserv, HDFC Bank, BPCL, TCS and HCL Tech.
Live Updates 16:09 (IST) 28 Jul 2023 Where is share market headed after Nifty ends below 19650, Bank Nifty below 45470
Benchmark indices NSE Nifty 50 and BSE Sensex ended the week’s last trading session in red. “The better-than-expected US Q2 GDP data, though positive, hindered the mood of the domestic market as it signalled the chances of another rate hike. The Fed chief’s comments about a data-centric approach without ruling out rate hikes added to the uncertainty. Furthermore, the reversal of the buying trend by FII and the rise in US bond yields contributed to market volatility. However, Asian markets remained largely positive due to the BOJ’s decision to retain the policy rate, contrary to speculation about the removal of stimulus measures,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:35 (IST) 28 Jul 2023 Nifty, Sensex end in red
The NSE Nifty 50 dipped 13.85 points or 0.07% to 19,646.05 and BSE Sensex sank 106.62 points or 0.16% to 66,160.20.
13:49 (IST) 28 Jul 2023 Volume Gainers
Greenlam Industries, Intellect Design Arena, Sundaram Finance Holdings, Vesuvius India, Sundram Fasteners, DPSC, Foseco India, JM Financial, Exxaro Tiles, Fino Payments Bank, Nuvoco Vistas Corporation, Westlife Foodworld, Bal Pharma, Ajanta Pharma, and Uniphos Enterprises were among the top volume gainers.
13:49 (IST) 28 Jul 2023 Stocks at 52-Week Lows
Johnson Controls – Hitachi Air Conditioning India, Rajesh Exports, UPL, Bkm Industries, Goyal Aluminiums, Shrenik, SREI Infrastructure Finance, and Viji Finance were among the 9 stocks that hit 52-week lows today.
13:49 (IST) 28 Jul 2023 Stocks at 52-Week Highs
5Paisa Capital, Abbott India, Advanced Enzyme Technologies, Agarwal Industrial Corporation, Ajanta Pharma, Alembic, Anand Rathi Wealth, Anant Raj, APL Apollo Tubes, Alembic Pharmaceuticals, Ashapura Minechem, AstraZeneca Pharma India, Aurionpro Solutions, Bharat Electronics, Bharat Forge, Bharat Heavy Electricals, BIRLASOFT, Caplin Point Laboratories, Castrol India, Colgate Palmolive (India), CSB Bank, Cummins India, Den Networks, Dr. Reddy’s Laboratories, Dynamic Cables, Eris Lifesciences, Escorts Kubota, Fino Payments Bank, Finolex Industries, Foseco India, Fusion Micro Finance, GAIL (India), Gallantt Ispat, Gateway Distriparks, Gensol Engineering, GMR Airports Infrastructure, GNA Axles, Godrej Properties, GPT Infraprojects, Greenlam Industries, Garware Hi-Tech Films, Gufic Biosciences, Gulf Oil Lubricants India, Indian Bank, Indo Borax & Chemicals, Intellect Design Arena, Jai Balaji Industries, JK Tyre & Industries, Jindal Stainless, JTL INDUSTRIES, Kfin Technologies, Kingfa Science & Technology (India), Kirloskar Oil Engines, Kokuyo Camlin, Kothari Petrochemicals, Lloyds Metals And Energy, Macrotech Developers, Lotus Eye Hospital and Institute, Lloyds Steels Industries, Lupin, Maan Aluminium, Maharashtra Scooters, Marico, MIC Electronics, Samvardhana Motherson International, Motilal Oswal Financial Services, Mstc, Natco Pharma, NAVA, NCC, Newgen Software Technologies, NINtec Systems, NMDC Steel, NTPC, Oberoi Realty, One Point One Solutions, Oil & Natural Gas Corporation, Osia Hyper Retail, Power Finance Corporation, Pitti Engineering, Power Mech Projects, Prakash Industries, Pressman Advertising, Prime Securities, Rategain Travel Technologies, REC, Raj Oil Mills, RPG Life Sciences, Sarda Energy & Minerals, Satin Creditcare Network, Shalby, Sigma Solve, S.J.S. Enterprises, Stel Holdings, Sundaram Finance, Sundaram Finance Holdings, Sundaram Brake Linings, Sterling and Wilson Renewable Energy, Syngene International, Tasty Bite Eatables, Tata Communications, Techno Electric & Engineering Company, Thangamayil Jewellery, TIL, Torrent Pharmaceuticals, Ujjivan Financial Services, Ujjivan Small Finance Bank, Vesuvius India, Vimta Labs, WESTLIFE FOODWORLD, WE WIN, Wonderla Holidays, W S Industries, Zim Laboratories, Zodiac Clothing Company, and Zomato were among the 129 stocks that hit 52-week highs today.
13:48 (IST) 28 Jul 2023 HDFC Bank, RIL, RVNL among most active stocks
HDFC Bank, Reliance Industries, Intellect Design Arena, Tata Power, RBL Bank, Axis Bank, ICICI Bank, REC and Rail Vikas Nigam were the most active stocks on NSE.
13:48 (IST) 28 Jul 2023 Sectoral indices trade mixed
In the sectoral indices, Nifty Bank fell 0.58%, Nifty Auto slipped 0.56%, Nifty Financial Services fell 0.63%, Nifty IT slipped 1.07%, Nifty Metal fell 0.11% and Nifty Private Bank fell 0.44% while Nifty FMCG gained 0.32%, Nifty Media rose 0.35%, Nifty PSU Bank rose 0.33%, Nifty Oil & Gas jumped 0.63% and the Nifty Realty Index soared 1.64%.
13:47 (IST) 28 Jul 2023 Broder indices trade mixed
Among the broader market indices – Nifty Next 50 rose 0.57%, Nifty Midcap 50 gained 0.23%, Nifty Smallcap 100 jumped 0.19%, and Nifty Microcap 250 jumped 0.04% while Nifty 100 fell 0.20%, Nifty 200 slipped 0.14% Nifty 500 fell 0.08% and the Nifty Volatility Index fell 0.40%
13:39 (IST) 28 Jul 2023 ITC Hotels demerger to unlock value; brokerages bullish, set ITC stock targets above Rs 500
ITC sought to allay investors’ concerns over hotels business demerger, highlighting plans to improve the company’s RoCE by up to 20%, and ensure that new entity ITC Hotels has a well-capitalised, debt-free balance sheet. The demerger is set to reward existing shareholders, instead of new ones, by allocating 60% of the shareholding to current stockholders, the company said during an analyst call. Analysts cheered this move, maintaining their positive calls with many target prices over Rs 500 apiece.
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13:37 (IST) 28 Jul 2023 Gold prices falling on US GDP, ECB, not US Fed; gold to remain rangebound between Rs 59500-58500 levels
It was an eventful week with plenty of data along with the US Fed meeting, ECB, and BOJ monetary policy meeting. The Federal Reserve’s 25 basis-point interest rate rise from Wednesday afternoon was largely digested by Thursday. The markets had no significant reactions to Fed Chair Powell’s comments at his news conference, which were regarded to be neither too hawkish nor too dovish. Some Fed observers believe the central bank has completed its cycle of rate hikes, while others believe the Fed will raise rates again in November. However, action in gold started during the commencement of the ECB policy. The euro came under pressure against the dollar due to the European Central Bank’s decision to adopt a more data-dependent policy, which has led to a session low in gold prices. At one time, gold breached its support of $1950 before recovering back above that level.
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10:35 (IST) 28 Jul 2023 Ajanta Pharma stock jumps nearly 9% on strong Q1 results
Ajanta Pharma share price jumped 8.7% to Rs 1,682.05 today after the company’s board approved the first interim dividend of Rs 315 crore for FY2024. The company’s net profit jumped 19.2% on-year to Rs 208.1 crore for the quarter ended June. Most analysts have recommended a ‘Buy’ rating on the stock. Ajanta Pharma shares have jumped 12% in the past one month and over 30% in the last one year.
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09:20 (IST) 28 Jul 2023 Nifty, Sensex open in red
The NSE Nifty 50 dipped 28.80 points or 0.15% to 19,631.10 and BSE Sensex tumbled 111.26 points or 0.17% to 66,155.56.
09:00 (IST) 28 Jul 2023 Bank Nifty break below 45400 could escalate selling pressure
“Bank Nifty encountered strong resistance at the 46000 level, which is significant as it corresponds to the point with the highest open interest on the call side. This indicates that many traders had placed call options at this level, anticipating limited upside potential for the index. On the downside, the index found support around the 45400 level. A break below this support level could escalate selling pressure in the market, potentially leading to further downward movements in the index,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
Share Market Outlook Today
09:00 (IST) 28 Jul 2023 Bank Nifty resistance at 45850-46000
“After a bullish move, the Index has formed a bearish engulfing pattern on a daily time frame and closed near its crucial support zone of 45500-45600. The Index has closed below four days close after a rangebound move in the last week. A short-term correction can be expected if Bank Nifty trades below 45500 levels. Crucial levels on the downside will be 45600 followed by 45400; Resistance is placed at 45850 followed by 46000,” Mitesh Karwa, Research Analyst, Bonanza Portfolio Ltd.
Share Market Outlook Today
08:59 (IST) 28 Jul 2023 Nifty could rally till 19875-19900
“On daily charts, the Nifty has formed a lower top and bearish candle which is indicating further correction from the current levels. For traders now, 19800 would be the key resistance zone and below the same, the correction wave is likely to continue till 19600-19550. On the flip side, above 19800 the market could rally till 19875-19900,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
08:59 (IST) 28 Jul 2023 Nifty resistance at 19850–19880
“The profit booking may extend a bit and the support level of 19500 (20EMA) is likely to get challenged. This average has proven to be a strong base during previous price corrections in May and June, resulting in significant positive momentum. Therefore, it holds pivotal importance for the upcoming sessions, as a break below it may lead to meaningful profit booking in days to come. On the other hand, yesterday’s supply zone around 19850–19880 is expected to act as a stiff resistance, and only a breakthrough would trigger an upside momentum,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
08:13 (IST) 28 Jul 2023 USDINR support at 81.58; resistance at 82.80
“As rates are rising across the globe, money flow has been overall positive. India has attracted huge inflows, to put that into facts and numbers, since March there have been continuous inflows in domestic equities. In the last two months, it has attracted around Rs 90,000 cr of inflows. RBI seems to be well-accumulating flows adding to FX reserves without much depreciation of the rupee. Important is to keep an eye on Brent Crude prices from here on, as it has the power to affect the fiscal maths of India. For USDINR, positionally 81.58 is acting as a strong support while 82.80 is a resistance,” said Kunal Sodhani, VP, Global Trading Center, Shinhan Bank.
08:10 (IST) 28 Jul 2023 US indices end in red
The US indices ended the overnight session in negative territory – Dow Jones Industrial Average (DJIA) plunged 0.67%, S&P 500 tanked 0.64% and the tech-heavy Nasdaq tumbled 0.55%.
08:09 (IST) 28 Jul 2023 Asian markets trade in red
Asian markets were trading in red – China’s Shanghai Composite Index fell 0.23%, South Korea’s KOSPI dipped 0.27%, Hong Kong’s Hang Seng tumbled 1%, Asia Dow sank 0.61% and Japan’s Nikkei 225 tanked 1.21%.
08:09 (IST) 28 Jul 2023 GIFT Nifty up 14 pts
The GIFT Nifty futures traded 14 points or 0.07% higher at 19,778.5 in early morning trade.
08:07 (IST) 28 Jul 2023 No stocks under F&O ban today
The National Stock Exchange has no securities on its F&O ban list for 28 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.
08:07 (IST) 28 Jul 2023 FII/DII Data
Foreign institutional investors (FII) sold shares worth net Rs 3,979.44 crore, while domestic institutional investors (DII) bought shares worth net Rs 2,528.15 crore on 27 July, according to the provisional data available on the NSE.
08:06 (IST) 28 Jul 2023 Crude prices fall
Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data. Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel but was on track for a weekly 5% increase. U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase.
08:06 (IST) 28 Jul 2023 Nifty to fall on global cues or top 19700? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
“The FOMC’s decision aligned with market expectations as they implemented a 25 bps hike and expressed a data-centric approach for future rate actions. Positive global sentiment prevailed due to the reduced prospects of a US recession. Despite this, the domestic market witnessed sharp corrections led by banks and autos, while pharma stocks performed on a positive start to their earnings season,” said Vinod Nair, Head of Research at Geojit Financial Services.
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08:05 (IST) 28 Jul 2023 Stocks To Watch: Lupin, Dr Lal Pathlabs, IIFL Finance, Indian Bank, NDTV, Brookfield REIT, Marico, RVNL
On Friday, benchmark indices NSE Nifty 50 and BSE Sensex ended deep in the red. The Nifty 50 fell 0.6% to close at 19,659.9. On the other hand, Sensex crashed 440 points to end at 66,266.82.
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