Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Monday’s session mildly in green. The NSE Nifty 50 advanced 24.10 points or 0.12% to 19,355.90 and BSE Sensex rose 63.72 points or 0.10% to 65,344.17. In sectoral indices, Bank Nifty fell 64.15 points or 0.14% to 44,860.85, Nifty Auto tumbled 0.62%, Nifty IT plunged 1.24%, Nifty PSU Bank decreased 0.57% while Nifty Metal jumped 1.69% and Nifty Oil & Gas rose 0.59%. The top gainers on Nifty 50 were Reliance Industries Ltd (RIL), Tata Steel, JSW Steel, Bharti Airtel and HDFC Life while the losers were HCL Tech, Titan, Power Grid, TCS and Hindustan Unilever Ltd.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:35 (IST) 10 Jul 2023 Where is share market headed after Nifty closes above 19350, Bank Nifty below 44870
Benchmark indices ended Monday’s session mildly in green. “Indian equities faced broad-based weakness, but the benchmark managed to stay marginally positive with the support of strong buying in heavyweight stocks. The weakness was led by IT stocks, as the sector is set to kick off the Q1 result season with expectations of soft earnings. Additionally, cues from the US markets are unfavourable, as concerns about another rate hike persist despite expectations of a fast cooling of future US CPI inflation data,” said Vinod Nair, Head of Research at Geojit Financial Services.
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16:34 (IST) 10 Jul 2023 Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance Limited (SHFL) has announced the completion of a $50 Million fund raise via its maiden External Commercial Borrowing (ECB). Funds from the ECB will be used for the financing of affordable housing in India.
15:56 (IST) 10 Jul 2023 Nifty, Sensex end in green
The NSE Nifty 50 gained 24.10 points or 0.12% to 19,355.90 and BSE Sensex rose 63.72 points or 0.10% to 65,344.17.
12:47 (IST) 10 Jul 2023 Volume Gainers
Pokarna, Taj GVK Hotels & Resorts, Gland Pharma, Stel Holdings, JSW Ispat Special Products, Oriental Carbon & Chemicals, Advani Hotels & Resorts (India), Sreeleathers, Hatsun Agro Product, Refex Industries, Xpro India, Kriti Industries (India), Huhtamaki India, Ksolves India, Anmol India, Art Nirman, Hisar Metal Industries, 21st Century Management Services, Mahindra Holidays & Resorts India, Orient Abrasives, Prime Securities, Bharat Wire Ropes, Shakti Pumps (India) and Caplin Point Laboratories were among the volume gainers.
12:47 (IST) 10 Jul 2023 Stocks At 52-Week Lows
Ideaforge Technology, Aartech Solonics, Aarti Industries, Bohra Industries, NIIT, Sheetal Cool Products, Ankit Metal & Power, Arshiya, Bharatiya Global Infomedia, Cerebra Integrated Technologies, CMI, Dangee Dums, JBF Industries, Kshitij Polyline, MEP Infrastructure Developers, Paras Petrofils, Quintegra Solutions, Rajvir Industries, Sanwaria Consumer, Setubandhan Infrastructure, Silly Monks Entertainment, TECIL Chemicals and Hydro Power, Univa Foods and Vivimed Labs were among 27 stocks that hit 52-week lows.
12:45 (IST) 10 Jul 2023 Stocks At 52-Week Highs
360 ONE WAM, Aartech Solonics, Ador Welding, Akzo Nobel India, Anand Rathi Wealth, Apollo Tyres, AVG Logistics, Bajaj Auto, Bank of Baroda, Bharat Wire Ropes, CEAT, Chalet Hotels, Cyient DLM, Deep Industries, D P Wires, Exide Industries, Fortis Healthcare, Fusion Micro Finance, Gallantt Ispat, Gensol Engineering, Gujarat Industries Power Company, Goldstone Technologies, Goodyear India, GPT Infraprojects, Hindustan Petroleum Corporation, Indraprastha Medical Corporation, Inox Wind, Indian Oil Corporation, ION Exchange (India), Inox Wind Energy, The Jammu & Kashmir Bank, Jindal Saw, JITF Infralogistics, JSW Ispat Special Products, JSW Steel, Kirloskar Brothers, Kolte – Patil Developers, Kovai Medical Center and Hospital, Kriti Industries (India), Max India, Mazagon Dock Shipbuilders, Global Health, Mstc, Ndr Auto Components, NGL Fine-Chem, Novartis India, NRB Bearing, Olectra Greentech, Orient Abrasives, The Orissa Minerals Development Company, Punjab National Bank (PNB), Hitachi Energy India, Prakash Industries, Prime Securities, Priti International, Raymond, Refex Industries, Reliance Industries, Repro India, Keystone Realtors, Sandhar Technologies, Sanghvi Movers, Sarda Energy & Minerals, Sat Industries, Selan Exploration Technology, Synergy Green Industries, Shakti Pumps (India), Sarthak Metals, The South Indian Bank, Styrenix Performance Materials, Sundaram Finance, Sundram Fasteners, Swelect Energy Systems, Taj GVK Hotels & Resorts, Talbros Automotive Components, Tata Motors, Texmaco Rail & Engineering, Thangamayil Jewellery, Transformers And Rectifiers (India), Venus Pipes & Tubes, Venus Remedies, Vesuvius India, V-Guard Industries, Welspun Corp, Welspun Enterprises, Xchanging Solutions and Xpro India were among 106 stocks that hit 52-week highs today.
12:45 (IST) 10 Jul 2023 RIL, Tata Motors among most active stocks
Reliance Industries Ltd (RIL), Tata Motors, HDFC Bank, Cyient DLM, Bajaj Finance, ZEEL, HDFC, ICICI Bank, PNB and Tata Steel were the most active stocks on NSE.
12:45 (IST) 10 Jul 2023 Bank Nifty, IT, Realty, FMCG fall; Metal, Pharma gain
In sectoral indices, Bank Nifty fell 0.23%, Nifty IT plunged 1.14%, Nifty Realty sank 1.04% and Nifty FMCG slipped 0.57% while Nifty Metal jumped 1.32% and Nifty Pharma rose 0.24%.
12:44 (IST) 10 Jul 2023 India VIX gains nearly 2%
The volatility index, India VIX rose 1.82% to 11.74.
12:44 (IST) 10 Jul 2023 Broader indices fall
The broader market indices were trading mostly in red – Nifty Next 50 tanked 0.54%, Nifty Smallcap 100 dipped 0.37% and Nifty Midcap Select tumbled 0.59%.
10:46 (IST) 10 Jul 2023 Cyient DLM IPO Listing: Shares list at over 50% premium on BSE, NSE; Should you hold the stock or book profit?
Cyient DLM shares listed at over a 50% premium over the IPO price, at Rs 401 on the BSE today. The stock touched an intraday high of Rs 424.40. A positive listing was expected ahead of the market debut, as Cyient DLM shares were trading at a premium of Rs 135 in the grey market. The company’s initial public offer was a fresh issue aggregating up to Rs 592 crore. The price range for the offer was Rs 250-265 a share.
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10:10 (IST) 10 Jul 2023 Reliance Industries stock jumps over 3% today on Jio Financial Services demerger
Reliance Industries share price soared 3.5% to Rs 2,727.8 today after the announcement that Reliance Retail will reduce its equity share capital to limit it to the promoters and the holding company. Mukesh Ambani-led firm said that the Reliance Retail board has approved the reduction of the equity share capital to the extent held by shareholders other than its promoter and holding company Reliance Retail Ventures. The shareholders of Reliance Retail – which is unlisted – will receive Rs 1,362 per share. RIL’s market capitalization surged above Rs 18.44 lakh crore today.
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09:21 (IST) 10 Jul 2023 Nifty, Sensex open in green
The NSE Nifty 50 gained 55.05 points or 0.28% to 19,386.85 and BSE Sensex surged 175.39 points or 0.27% to 65,455.84.
09:06 (IST) 10 Jul 2023 Bank Nifty support at 44800
“Bank Nifty has retraced 38.2% of the entire rise and has reached a crucial Fibonacci support level of 44800. So the Bank Nifty seems to be around the support zone and we do not expect further downside. The daily momentum indicator has a positive crossover and thus this dip should be used as a buying opportunity. On the upside we expect it to target levels of 45500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:06 (IST) 10 Jul 2023 Bank Nifty may slip till 44500-44200 if it falls below 44500
“Bank Nifty index experienced selling pressure from the bears, leading to a correction throughout the day. This upper-end movement by the bears suggests a potential reversal in the trend. The hurdle for the index is currently at 44500, where aggressive fresh call writing is observed. This level is expected to act as a resistance for further upside movement. The index broke below the support level of 45000, indicating a shift in the trend. However, follow-up action is required to confirm and sustain the downward momentum. If the index manages to sustain below 45000 on a closing basis, it is likely to continue its downward momentum towards the levels of 44500 and 44200,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:05 (IST) 10 Jul 2023 Nifty resistance at 19500
“Nifty experienced a significant decline after failing to maintain its position above 19500. This drop led to the index falling below the 21EMA on the hourly chart, indicating an increasing bearish sentiment in the market. Furthermore, the hourly RSI has shown a bearish crossover, adding to the negative outlook. The immediate support level is identified at 19300, while the resistance level remains at 19500,” said Rupak De, Senior Technical analyst at LKP Securities.
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09:05 (IST) 10 Jul 2023 Nifty could slip till 19250-19200 if it trades below 19450
“As long as the Nifty is trading below 19450 the correction wave is likely to continue. Below the same, the market could slip till 19250-19200. On the other hand, a fresh uptrend is possible only after the dismissal of 19450. Above this, the market could move up till 19550-19625. Contra traders can take a long bet near 19200 with a strict support stop loss at 19150,” said Amol Athawale, Vice President – Technical Research, Kotak Securities Ltd.
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09:05 (IST) 10 Jul 2023 Nifty support at 19200–19180
“After a sharp run up the Nifty is now undergoing a consolidation phase which could result in a retracement of the rise it has witnessed from 18646 to 19524. The crucial Fibonacci retracement level and gap area coincide around 19200–19180 which could act as a support zone from a short-term perspective and on the upside 19520–19550 shall act as an immediate hurdle zone from a short-term perspective,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:04 (IST) 10 Jul 2023 NSE FO Ban: BHEL, Delta Corp, India Cements and other stocks under ban on July 10, Monday
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Monday, July 10, 2023. Bharat Heavy Electricals Ltd (BHEL), Delta Corp (DELTACORP), Granules India(GRANULES), and India Cements Ltd(INDIACEM) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because 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.
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08:32 (IST) 10 Jul 2023 US indices end in red
The US market ended the Friday’s session in red – Dow Jones Industrial Average (DJIA) slipped 0.55%, S&P 500 plunged 0.29% and the tech-heavy Nasdaq fell 0.13%.
08:32 (IST) 10 Jul 2023 Asian markets trade mixed
Asian markets were trading mixed – China’s Shanghai Composite Index rose 0.58%, South Korea’s KOSPI gained 0.32%, Hong Kong’s Hang Seng jumped 1.83%, Japan’s Nikkei 225 tumbled 0.77%, and Asia Dow dipped 0.1%.
08:32 (IST) 10 Jul 2023 GIFT Nifty falls 20 pts
The GIFT Nifty futures were trading 23 points or 0.12% lower a 19,435.