Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Monday’s session at record highs. The NSE Nifty 50 closed 146.95 points or 0.75% higher at 19,711.45 after making a new all-time high at 19,731.85 intraday. The BSE Sensex settled 529.03 points or 0.80% higher at 66,589.93, after hitting an all-time high of 66,656.21 intraday. In sectoral indices, Bank Nifty soared 1.41%, Nifty Financial Services gained 1.25%, Nifty IT rose 0.31% and Nifty PSU Bank surged 2.25%. The top gainers on Nifty 50 were State Bank of India (SBI), Wipro, Dr Reddy’s Laboratories, Grasim and HDFC Bank while the losers were ONGC, HeroMotocorp, Titan, Tata Motors and Bharti Airtel.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:25 (IST) 17 Jul 2023 Where is share market headed after Nifty makes new high at 19731, Sensex at 66656
Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs and ended the week’s first trading session broadly in green. “Despite the mixed performance observed in the Asian market due to China’s underwhelming GDP data, the Indian market exhibited resilience, in anticipation of a bumper Q1 result. Nifty50 Q1 consolidated PAT is projected to grow by more than 20% YoY, which can upgrade the full-year earnings growth of FY24. Small caps outperformed as comparative valuations are attractive trading below the long-term average compared to large and mid-caps,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:37 (IST) 17 Jul 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 146.95 points or 0.75% to 19,711.45 and BSE Sensex skyrocketed 529.03 points or 0.80% to 66,589.93.
13:14 (IST) 17 Jul 2023 HDFC Bank stock gains over half a percent today after Q1FY24 earnings beat estimates
HDFC Bank share price rose 0.65% to Rs 1,655.95 today after the bank’s profit after tax (PAT) grew to Rs 11,950 crore in Q1FY23 compared to Rs 9,196 crore in Q1FY23. This beat Bloomberg’s estimate of Rs 11,375 crore. NII rose to Rs 23,599 crore in Q1FY24 vs Rs 19,481 crore in Q1FY23. This is HDFC Bank’s first earnings results following its merger with HDFC.
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12:16 (IST) 17 Jul 2023 Nifty IT jumps over 2%; check top gainers
Nifty IT index jumped 666.55 points or 2.15% to 31,612.05. The top gainers were MPhasis, Wipro, LTIM, Tech Mahindra and Persistent Systems while there were no losers.
11:05 (IST) 17 Jul 2023 Angel One stock tanks 7% today after NSE bars brokerage firm from onboarding new APs
Angel One share price tanked 7% to Rs 1,585 today after the National Stock Exchange of India (NSE) barred the brokerage firm from onboarding new Authorised Persons (APs) for a period of six months. The ban on Angel One was pronounced in an order dated July 14, by the Member and Core Settlement Guarantee Fund Committee of the NSE. The order comes after the broking firm’s alleged failure to monitor the operations of its APs, thereby resulting in an alleged violation of the Capital Market Segment Regulations and Futures and Options Segment Regulations of the Exchange.
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10:35 (IST) 17 Jul 2023 Netweb Technologies IPO opens for subscription today, GMP jumps 76%
Netweb Technologies’ Rs 631-crore IPO opens for subscription today, 17 July. The public offer comprises a fresh issue of shares worth Rs 206 crore and an offer-for-sale (OFS) component with promoters and shareholders offloading shares totalling Rs 425 crore. The tech player has set the price band for the IPO at Rs 475-500 per equity share. Netweb Technologies shares’ grey market premium soared 76% on Monday, commanding a premium of Rs 380 over upper end of the IPO price, implying a listing price of Rs 880 per share.
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10:33 (IST) 17 Jul 2023 DMart shares fall 2.3% in trade as Avenue Supermarts Q1FY24 earnings disappoint
DMart’s share price tanked 2.3% in trade on Monday mornings as the street factored Avenue Supermarts’ disappointing quarterly earnings. The stock price tumbled to Rs 3,750.05 apiece from Friday’s closing. The hypermarket operator reported a 2.3% rise in its net profit for the first quarter, at Rs 695.36 crore. In the corresponding period last financial year, the net profit stood at Rs 642.89 crore.
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09:23 (IST) 17 Jul 2023 Nifty, Sensex hit record highs
The NSE Nifty 50 gained 47 points to 19,612.15 and BSE Sensex soared 128 points to 66,189.50.
09:12 (IST) 17 Jul 2023 Sensex, Nifty end pre-open in green
Benchmark indices ended the pre-opening session in the green. The BSE Sensex rose 87.28 points or 0.13% to 66,148.18 and NSE Nifty 50 gained 47.65 points or 0.24% to 19,612.15.
09:03 (IST) 17 Jul 2023 Bank Nifty may consolidate in range of 44500-45000
“Bank Nifty is facing significant resistance at 45000, hindering its upward movement. As long as it remains below this level, a clear directional up move is unlikely. Support is established at 44700 on the lower end. The bullish crossover on the momentum indicator RSI suggests positive momentum. Going forward, the index may continue to consolidate with the bands of 44500-45000; any decisive breakout on either side may create a directional trend,” said Rupak De, Senior Technical analyst at LKP Securities.
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09:02 (IST) 17 Jul 2023 Bank Nifty resistance at 44900-45000
“Bank Nifty is seen to be making a spinning top candlestick on the daily timeframe as it took support at crucial support levels of 44600 and closed in green. The trend for this week can be considered as rangebound till the time the range of 44600-45000 is broken on either side. The resistance is at around 44900-45000 and the support is at around 44600-44500. Technical indicator RSI is at around 58 whereas the 200 EMA is at 41887,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
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09:02 (IST) 17 Jul 2023 Bank Nifty to target 45000-45400
“Bank Nifty has witnessed buying interest from that crucial support zone and we expect the positive momentum to continue on the upside. we can also see a positive divergence and positive crossover on the hourly charts which indicates that the selling momentum is weakening. We expect the Bank Nifty to start recovering as it has now reached a crucial support zone. On the upside initially, we expect it to target 45000 – 45400,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
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09:01 (IST) 17 Jul 2023 Nifty short-term support at 19300
“Nifty’s break above the consolidation range of 19300-19500 suggests increasing optimism in the market. The resistance at 19500, which was heavily built by Call writers, has been surpassed on a closing basis. This breakthrough is expected to lead to a significant rally as the Call writers unwind their positions. The bullish crossover on the momentum indicator RSI reinforces the upward momentum. The Nifty may potentially reach levels around 19700-19720, but it’s important to consider the short-term support at 19300,” said Rupak De, Senior Technical analyst at LKP Securities.
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09:01 (IST) 17 Jul 2023 Nifty resistance placed at 19670–19720
“On the daily charts, we can observe that Nifty is on the verge of breaking out of an eight-day consolidation on the upside. The Nifty has spent a considerable amount of time consolidating and we believe that the base is in place for the next leg of up-move. On the upside immediate resistance is placed in the zone 19670–19720 while crucial support is placed in 19400–19360,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
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09:01 (IST) 17 Jul 2023 Nifty looks set to test 19750 and march toward 20000
“As Nifty has ended a week-long consolidation phase, it now looks set to test 19,750 and eventually march toward a new milestone of 20,000. In case of a decline, 19,100-19,3000 would provide the cushion. Participants should align their positions accordingly while maintaining their focus on stock selection and risk management,” said Ajit Mishra, SVP – Technical Research, Religare Broking Ltd.
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09:00 (IST) 17 Jul 2023 Nifty to continue its upward trajectory toward 19700-19800
“Nifty 50 extended its winning streak for the third consecutive week to form a fresh all-time high at 19595.35. The significant surge in the index has been attributed to substantial buying activity by FIIs, who injected Rs 5,417.80 crore into the cash segment, and improved global sentiments. The Nifty seems poised to continue its upward trajectory toward the levels of 19700 and 19800. In the event of any correctional fall, approximately around the 19450 mark,” said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd.
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08:29 (IST) 17 Jul 2023 US indices end mixed
The US market ended Friday’s session mixed – Dow Jones Industrial Average (DJIA) rose 0.33%, S&P 500 dipped 0.10% and the tech-heavy Nasdaq fell 0.18%.
08:28 (IST) 17 Jul 2023 Asian markets mostly in red
Asian markets were trading mostly in red – China’s Shanghai Composite Index tanked 1.08%, South Korea’s KOSPI tumbled 0.15%, Japan’s Nikkei 225 dipped 0.09%, Asia Dow fell 0.09% while Hong Kong’s Hang Seng rose 0.33%.
08:27 (IST) 17 Jul 2023 GIFT Nifty up 14 pts
The GIFT Nifty futures traded 14.5 points or 0.07% higher at 19,633.5 in early morning trade.
08:26 (IST) 17 Jul 2023 Stocks To Watch: HDFC Bank, DMart, Bandhan Bank, JSW Energy, SBI, Suzlon, Lupin, Power Grid
“The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect has contributed to the strong buying of Indian IT stocks despite muted Q1 earnings. Furthermore, the broad-based rally in the domestic market was supported by India’s consecutive third month decrease in wholesale prices, along with the positive involvement of FIIs,” said Vinod Nair, Head of Research at Geojit Financial Services.
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08:25 (IST) 17 Jul 2023 Will Nifty cross 19,600 or bears to drag? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
The GIFT Nifty recorded a 0.13% loss during Monday’s early trading session, with a value of 19,594 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs and ended Friday’s trading session broadly in the green. Nifty 50 soared 150.75 points to close at 19,564.50 after making a new 52-week high of 19,595.35 intraday.
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