Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session broadly in green. The NSE Nifty 50 surged 98.80 points or 0.51% to 19,497.30 and BSE Sensex jumped 339.60 points or 0.52% to 65,785.64. In sectoral indices, Bank Nifty soared 188.10 points or 0.42% to 45,339.90, Nifty Auto gained 1.12%, Nifty Pharma rose 0.72% and Nifty Realty surged 2.25%. The top gainers on Nifty 50 were Mahindra & Mahindra, Apollo Hospitals, Power Grid, Tata Motors and Reliance Industries Ltd (RIL) while the losers were Eicher Motors, HDFC Life, Maruti Suzuki, HCL Tech and Bajaj Finance.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:00 (IST) 6 Jul 2023 Where is share market headed after Nifty closes near 19500, Bank Nifty above 45330
Benchmark indices made new all-time highs today with the Nifty 50 surpassing the 19,500 mark in the intraday session and finally ending the weekly F&O expiry day in the green. “Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. India’s underperformance during the year is expected to reverse moving ahead. The mid and small-cap segments have outperformed the benchmark index, with realty, oil & gas, power and consumption stocks leading the sectorial rally as provisional & economic data suggest good Q1FY24 results. However, global markets are displaying a negative trend, influenced by hawkish FOMC minutes and US-China tensions,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:36 (IST) 6 Jul 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 98.80 points or 0.51% to 19,497.30 and BSE Sensex jumped 339.60 points or 0.52% to 65,785.64.
14:58 (IST) 6 Jul 2023 Nifty, Sensex hit new highs; NSE index jumps above 19500
Benchmark indices made new all-time highs today. The NSE Nifty jumped above 19500 and BSE Sensex 65,790. The top gainers on Nifty 50 were Mahindra & Mahindra, Apollo Hospital, Power Grid, Reliance Industries (RIL), Tata Motors and BPCL while the losers were Eicher Motors, HDFC Life, Maruti Suzuki, Bajaj Finance and HCL Tech.
12:28 (IST) 6 Jul 2023 Bajaj Finance Stock Outlook: BAF to emerge as key player in 3-5 years; shares may rise 22%, check target price
Bajaj Finance stock has given decent returns in the past few months. The company’s shares have gained 10% in the last one week and over 30% in the past one month. The stock made a new all-time high on Wednesday at Rs 7,999.90. Analysts at JM Financial expect Bajaj Finance to report a 29% CAGR in AUMs over FY23-25 which should result in a 29% EPS CAGR. The brokerage maintains a ‘buy’ rating on the stock and has raised the target price. Bajaj Finance shares fell over 1% to Rs 7,752 today. At the current price, the company’s market capitalisation stands at Rs 4.7 lakh crore.
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10:43 (IST) 6 Jul 2023 Nifty 50 hits fresh high
Benchmark index Nifty 50 hits a fresh all-time high above the 19,450 level at
19,464.55.
10:07 (IST) 6 Jul 2023 Tata Power stock jumps 2% today after bagging Rs 1744 cr state govt order
Tata Power share price jumped 2% to Rs 226.4 today after the company received an order worth Rs 1,744 crore to implement the smart metering project in Chhattisgarh State Power Distribution Company. The estimated time for the completion of the project is about 10 years. Tata Power stock has jumped 4.5% in the past one month and over 80% in the last two years.
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09:21 (IST) 6 Jul 2023 Nifty, Sensex open flat
The benchmark indices opened on a flat note. The NSE Nifty 50 was trading at 19384 and 30-share BSE Sensex at 65,434.10.
09:03 (IST) 6 Jul 2023 Bank Nifty may fall to 44500 if it slips below 45000
“Bank Nifty index recently experienced selling pressure from higher levels, but the bears were unable to break the support at 45000. If the index breaks below the support level of 45000, it is likely to witness further downside towards 44500 and potentially lower.On the other hand, if the index manages to surpass the level of 45500 on a closing basis, it will indicate strength and may lead to further upside towards the 46000 level,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:03 (IST) 6 Jul 2023 Bank Nifty range of consolidation likely to be 45000-45600
“Bank Nifty witnessed subdued price action on the back of weakness in HDFC Bank. Overall, the Bank Nifty is in a consolidation mode after a sharp run up. The hourly momentum indicator has a negative crossover and negative divergence which indicates loss of momentum on the upside. Overall, the range of consolidation is likely to be 45000-45600,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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08:59 (IST) 6 Jul 2023 Bank Nifty resistance at 45300-45500
“Bank Nifty trend for the coming week can be considered as sideways to bullish where dips can be used as a buying opportunity. The resistance is at around 45300, 45500 and the support is at around 45000, 45100 and till the time Bank Nifty is trading above 44900 the bulls will be in charge. Technical indicator RSI is at around 67 whereas the 200 EMA is at 41672,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio.
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08:59 (IST) 6 Jul 2023 Bank Nifty support at 45133-45002
Bank Nifty first support at 45133 and then 45002 while resistance at 45438 and 45612, according to Rahul Sharma, JM Financial.
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08:58 (IST) 6 Jul 2023 Nifty to consolidate in range of 19500-19300
“Nifty is in the process of consolidation after a sharp runup and this consolidation form a floor for the next leg of upmove. Over the next few trading sessions, we expect the Nifty to consolidate in the range 19500 – 19300 and a dip towards the 19300 should be used as a buying opportunity. Overall, the uptrend is intact, and we expect levels of 19500. In terms of levels, 19300– 19270 shall act as a crucial support zone while 19450 – 19500 shall act as a crucial resistance zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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08:58 (IST) 6 Jul 2023 Nifty immediate range expected to be 19300-19500
“Nifty immediate range is expected to be between 19300 and 19500. It would be advisable to buy near the lower end and take profits near the higher end. It’s crucial to closely monitor the lower range of 19300 during the weekly expiry as a break below this level could trigger extended profit booking, possibly reaching the bullish gap of 19200 from Monday’s session,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
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08:57 (IST) 6 Jul 2023 Nifty resistance at 19450-19500
“Nifty 50 resistance on the higher end is placed between 19450 and 19500 which the Nifty might face some difficulty in surpassing. Looking ahead, it is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19200 to 19500, implying a range bound trades unless there is a directional breakout,” said Rupak De, Senior Technical analyst at LKP Securities.
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08:57 (IST) 6 Jul 2023 Nifty 50 support at 19423-19369
NSE Nifty 50 first support at 19423 and then 19369 while resistance at 19509 and then 19541, according to Rahul Sharma, JM Financial.
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08:00 (IST) 6 Jul 2023 Stocks To Watch: Adani Wilmar, IOC, JSW Steel, Hindustan Zinc, Marico, Tata Power, SAIL
“Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally. Heightened trade tensions between the US and China, coupled with uncertainties surrounding the upcoming release of FOMC minutes, tested the risk appetite of global investors. However, the market’s last-minute broad based recovery serves as a reaffirmation of investors’ confidence in the Indian economy,” said Vinod Nair, Head of Research at Geojit Financial Services.
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07:59 (IST) 6 Jul 2023 Nifty to lose momentum or cross 19,450? See GIFT Nifty, FII data, US shares, crude, more before market opens
The GIFT Nifty recorded a 0.22% loss during Thursday’s early trading session, with a value of 19,470 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex.
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07:58 (IST) 6 Jul 2023 No stock under F&O ban today
The National Stock Exchange has no securities on its F&O ban list for 6 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.
07:58 (IST) 6 Jul 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth a net Rs 1,603.15 crore, while domestic institutional investors (DII) sold shares worth a net Rs 439.01 crore on 5 July, according to the provisional data available on the NSE.
07:56 (IST) 6 Jul 2023 Crude prices flat
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offset by worries over a sluggish demand recovery in China.
07:51 (IST) 6 Jul 2023 US indices end in red
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) fell 0.38%, S&P 500 dipped 0.2% and the tech-heavy Nasdaq decreased 0.18%.
07:51 (IST) 6 Jul 2023 Asian markets trade in red
Asian markets were trading in red – China’s Shanghai Composite Index was trading flat, South Korea’s KOSPI dipped 0.24%, Japan’s Nikkei 225 tumbled 1.01%, Asia Dow slipped 0.95% and Hong Kong’s Hang Seng tanked 1%.
07:50 (IST) 6 Jul 2023 GIFT Nifty falls 35 pts
The GIFT Nifty futures were trading 35 points or 0.18% lower at 19,477.