Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices extended previous session’s losses and ended in red today. The NSE Nifty 50 tumbled 104.75 points or 0.57% to 18,181.75 and BSE Sensex tanked 371.83 points or 0.60% to 61,560.64. In sectoral indices, Bank Nifty fell 205 points or 0.47% to 43,698.70, Nifty IT tanked 273.05 points or 0.97% to 27,942.95 and Nifty Realty plunged 6.30 points or 1.33% to 465.80. The top gainers on the Nifty 50 were Hero Motocorp, ITC, IndusInd Bank, UPL and Bharti Airtel while the losers were Kotak Bank, Apollo Hospital, SBI Life, TCS and HCL Tech.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:08 (IST) 17 May 2023 Where is share market headed after Nifty closes below 18190, Bank Nifty below 43700
Benchmark indices NSE Nifty 50 and BSE Sensex remained under pressure today and finally ended in the red. “In response to weak global sentiments, domestic investors remained cautious as the US market grappled with recession concerns led by recent economic data indicating slowdown. The US retail sales figures for April reflected a decrease in demand, and ongoing debt ceiling negotiations further dampened market sentiment,” said Vinod Nair, Head of Research at Geojit Financial Services.
Check support, resistance
15:43 (IST) 17 May 2023 Top gainers/losers
The top gainers on the Nifty 50 were Hero Motocorp, ITC, IndusInd Bank, UPL and Bharti AIrtel while the losers were Kotak Bank, Apollo Hospital, SBI Life, TCS and HCL Tech.
15:43 (IST) 17 May 2023 Bank Nifty falls 200 pts; IT tanks 270 pts; Realty plunges 1.3%
In sectoral indices, Bank Nifty fell 205 points or 0.47% to 43,698.70, Nifty IT tanked 273.05 points or 0.97% to 27,942.95 and Nifty Realty plunged 6.30 points or 1.33% to 465.80.
15:42 (IST) 17 May 2023 Nifty, Sensex end in red
The NSE Nifty 50 tumbled 104.75 points or 0.57% to 18,181.75 and BSE Sensex tanked 371.83 points or 0.60% to 61,560.64.
15:20 (IST) 17 May 2023 Stocks at 52-week Lows
V-Mart Retail, PVR INOX, Butterfly Gandhimathi Appliances, IPCA Laboratories, Race Eco Chain, Aditya Birla Fashion and Retail, SEL Manufacturing Company, and Power & Instrumentation (Gujarat) were among 15 stocks that hit 52-week lows.
15:20 (IST) 17 May 2023 Stocks at 52-week Highs
Cera Sanitaryware Polycab India, Hindustan Aeronautics, Mtar Technologies, Inox Wind Energy Cyient, Ami Organics, Kaynes Technology India, Bharat Dynamics, Cholamandalam Financial Holdings, Ujjivan Financial Services, Max Ventures and Industries, Heritage Foods, Suryoday Small Finance Bank, L&T Finance Holdings, Indian Oil Corporation, Servotech Power Systems, Andhra Cements, Housing & Urban Development Corporation were among the 62 stocks that hit 52-week highs.
15:20 (IST) 17 May 2023 Price Band Hitters
Andhra Cements, AKI India, Aurionpro Solutions, Avro India, JITF Infralogistics, Servotech Power Systems, Binani Industries, Focus Lighting and Fixtures and Nakoda Group of Industries were among 46 stocks that hit the upper price band. On the other hand, Adani Total Gas, Ace Integrated Solutions, Goyal Aluminiums, Hindprakash Industries, Jupiter Wagons, Pansari Developers and TECIL Chemicals and Hydro Power were among 35 stocks that hit the lower price band.
15:20 (IST) 17 May 2023 Volume Gainers
LIC Housing Finance, Abans Holdings, NDL Ventures, Amber Enterprises India, Kaynes Technology India, Tanla Platforms, Excel Industries, Globus Spirits, MIRC Electronics, HCL Infosystems, Shakti Pumps (India), Zen Technologies, Orient Bell, Lincoln Pharmaceuticals, Karur Vysya Bank, Precision Wires India, Exide Industries, Talbros Automotive Components, Megastar Foods, Pritika Auto Industries and The Anup Engineering were the volume gainers.
15:20 (IST) 17 May 2023 Nifty 50 – Top gainers/losers
HeroMotocorp, BPCL, IndusInd Bank, Coal India, UPL, ITC and Bharti Airtel were the top gainers while Kotak Bank, HCL Tech, Asia Paints, TCS, Apollo Hospital, Infosys, SBI Life and Tata Steel were the top laggards.
15:19 (IST) 17 May 2023 Sectoral indices trade in red
In sectoral indices, Bank Nifty fell 417.10 points or 0.95% to 43,486.60, Nifty Financial Service was down 221.75 points or 1.14% to 19,217.25, Nifty IT tanked 376.45 points or 1.33% to 27,839.55, Nifty PSU Bank slipped 47.10 points or 1.16% to 4,002.60 and Nifty Realty dropped 8.05 points or 1.71% to 464.05.
15:19 (IST) 17 May 2023 Broader indices mostly in red
In broader markets, the Nifty 100 tumbled 0.87%, Nifty Midcap 50 was down 0.71% and Nifty Total Market dropped 0.72%.
13:21 (IST) 17 May 2023 Geojit Financial Services launches FLIP, an enhanced mobile trading platform
Geojit Financial Services has announced the launch of its latest mobile trading platform, FLIP. The platform will replace the existing platform SELFIE. FLIP includes advanced order capabilities such as One Cancel Other Order, Bracket Orders, Basket Orders, Option Chain, Option Greeks, Single Click Multi-Leg Orders, and Exit All Positions in Just 1 Click. It also features Portfolio Insights, Technical and Fundamental Research, Stock Analysis Page, Advanced Charting (TradingView), and a Dashboard that provides a summary of trades and investments. FLIP users will benefit from additional features set to be introduced over the next three months, including Split Order for Options, Roll Over for Futures, and Conditional Orders, Trading from Charts, Events Calendar, Market Overview, and Apply for IPO.
13:19 (IST) 17 May 2023 Shoonya becomes India’s first trading platform to offer AI-based signals for individual stocks
Shoonya by Finvasia is now India’s first trading platform to offer AI-based predictions & signals for individual stocks. The company has partnered with I Know First (IKF), a financial technology firm which provides AI-powered stock market predictions, the company said in a press release.
13:02 (IST) 17 May 2023 Gold, Silver trade flat; Gold support placed at Rs 60080/59750 levels
Gold and Silver were trading flat on Wednesday. Gold futures on the multi-commodity exchange for June delivery were trading at Rs 60297, up 54 points and Silver futures for July delivery fell 60 points to Rs 72,525. Globally, gold prices steadied on Wednesday, as investors fretted over prolonged US debt-limit negotiations, with a firmer dollar keeping prices in check. Spot gold rose 0.1% to $1,991.35 per ounce. US gold futures were little changed at $1,995.20. Spot silver rose 0.1% to $23.76 per ounce after hitting a six-week low in the previous session. Platinum gained 0.6% to $1,063.71, and palladium edged 0.3% higher to $1,505.93.
Gold Price Today, 17 May; check support, resistance
12:02 (IST) 17 May 2023 Bank Nifty tumbles 200 pts; check top losers/gainer
Bank Nifty tumbled 219.10 points or 0.50% to 43,684.60. The top losers were Kotak Bank, IDFC First Bank, AU Bank, Bandhan Bank and Bank of Baroda while the sole gainer was IndusInd Bank.
11:59 (IST) 17 May 2023 Nifty at day’s low; Sensex tanks 450 pts
Benchmark indices remained under pressure in the intraday trade. The NSE Nifty 50 hit an intraday low of 18,161.1, falling 123.85 points or 0.68%. The BSE Sensex tanked 442.13 points or 0.71% to 61,490.34.
11:45 (IST) 17 May 2023 Nifty IT tanks 1.2%; check top losers
Nifty IT tanked 344.1 points or 1.22% to 27,871.9. The top losers on the index were HCL Tech, MPhasis, Coforge, TCS and Infosys while there were no gainers.
11:42 (IST) 17 May 2023 Profit booking likely to continue, Nifty could retest 18200
A reversal formation and bearish candle on daily charts suggest profit booking is likely to continue in the near future. we are of the view that 18400/62300 could be the key resistance level for the bulls. As long as the Nifty and Sensex are trading below the same. The weak sentiment is likely to continue. Below 18400/62300 the indices could retest the level of 18200/61700. The further downside may also continue which could drag the indices to 18150/61500. On the flip side, above 18400/62300 the chances of hitting 18450-18475/62500-62600 would turn bright.
Wipro, Bajaj Finserv among top stocks to buy
11:07 (IST) 17 May 2023 LIC Housing Finance share price tanks over 6%
LIC Housing Finance share price tanked 6.15% to Rs 370.8 today. The company’s board suggested a dividend of Rs 8.50 per equity share of Rs 2 each for FY23. LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year. Its net interest income (NII) grew 22.1% and was Rs 1,990.3 crore for the March quarter, as against Rs 1,630 crore in the year-ago period.
10:44 (IST) 17 May 2023 Bank Nifty falls 100 pts; check losers/gainers
Bank Nifty fell 104.25 points or 0.24% to 43,799.45. The top losers were IDFC First Bank, Kotak Bank, AU Bank, Bandhan Bank and ICICI Bank while the gainers were IndusInd Bank, PNB, SBIN, Bank of Baroda and Axis Bank.
10:16 (IST) 17 May 2023 Bharti Airtel share price jumps over 1% today after strong Q4 results
Bharti Airtel share price jumped 1% to Rs 797.4 today after the telecom giant’s board recommended a final dividend of Rs 4 per fully paid-up equity share and Re 1 per partly paid-up equity share of face value of Rs 5 each for FY22-23. Bharti Airtel stock has fallen 6% in the last six months and jumped over 12% in the last one year. Meanwhile, NSE Nifty 50 fell 32.15 points or 0.18% to 18,254.35 and BSE Sensex dipped 88.01 points or 0.14% to 61,844.46 on Wednesday.
Should you buy, sell, hold Airtel stock?
09:46 (IST) 17 May 2023 Bank Nifty’s next upside trigger after 5000-point rally: Here’s what could take index to new all time high
Bank Nifty has risen about 5,000 points in the last two months, nearly hitting its all-time high; but analysts are divided on whether the momentum will continue, with the market now looking at SBI quarterly results for an upside trigger. The banking index has gained about 13% since mid-March, outperforming NSE Nifty 50, which has gained 8.4%.
Read full story
09:43 (IST) 17 May 2023 Near-term uncertainty makes market direction bit confusing – Geojit
“As a batsman approaches a century, he might get stuck for a while in the ‘nervous nineties’. It appears that the market is in a similar state while approaching a new all-time high. Even though the conditions are favourable for a new record there are near-term issues like the US debt ceiling impasse which can weigh over global markets in the near term. Relentless FPI buying, declining inflation, market momentum and good results from the rally-leader financials can sustain this rally even with occasional corrections. The near-term uncertainty makes the market direction a bit confusing but for long-term investors, this is a good ‘buy on dips’ market,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:26 (IST) 17 May 2023 Bank Nifty may witness further correction towards 43,500
“Bank Nifty, if sustains below 44,000, can witness further correction towards 43,500 where the highest open interest is built up on the put side. The momentum indicator RSI is showing negative divergence which confirms the bearishness,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Share Market Outlook Today
09:25 (IST) 17 May 2023 Bank Nifty target levels to watch for are 44152, 44444 and 45000
“Bank Nifty has paused near its all-time high and shows some divergence in momentum indicators, suggesting a likelihood of profit booking. The immediate support level is at 43500, while a major support base can be found at 43000. Above the 44152 level, the next target levels to watch for are 44444 and 45000,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Share Market Outlook Today
09:25 (IST) 17 May 2023 Bank Nifty first support at 43777 and then 43674
Bank Nifty formed a dark cloud cover on daily charts. The index’s bias is negative below 44000 for 43750/43600. First support at 43777 and then 43674 while resistance at 44049 and then 44218, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
09:25 (IST) 17 May 2023 Nifty may continue to exhibit weakness and drift towards 18200
“Over the short term, it is expected that the Nifty will continue to exhibit weakness and could potentially drift towards the support level of 18200. A decisive drop below this support level may trigger additional selling pressure in the market. On the upside, resistance is observed at 18300 and 18500,” said Rupak De, Senior Technical analyst at LKP Securities.
Share Market Outlook Today
09:25 (IST) 17 May 2023 Top gainers/losers
The top gainers on Nifty 50 were BPCL, Bharti Airtel, Bajaj Auto, Coal India and Hero MotoCorp while the losers were JSW Steel, Tech Mahindra, Hindalco, Eicher Motors and Infosys.
09:24 (IST) 17 May 2023 Bank Nifty flat; Nifty IT falls
In sectoral indices, Bank Nifty rose 37.95 points or 0.09% to 43,941.65 and Nifty IT fell 143.55 points or 0.51% to 28,072.45
09:20 (IST) 17 May 2023 Nifty, Sensex open flat
The NSE Nifty 50 was trading at 18,273.45 and BSE Sensex at 61,878.73
09:16 (IST) 17 May 2023 NSE Nifty 50 may fall to 18200-18100
“If weakness persists in the morning session, then further profit booking may push NSE Nifty 50 towards 18200 and then 18100 in the near term. Nevertheless, the overall sentiment remains strongly bullish. The levels of 18400 to 18500 can now be considered an immediate hurdle,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
09:16 (IST) 17 May 2023 Nifty expected to rise until index trades above 18400
“Profit-taking is likely to continue on the daily chart. Above the 18400 level, the Nifty might face resistance, below that level, it might retest the 18200 level. Hence, the index is expected to continue rising in the future until the index trades above 18400. On the upside, support lies at 18,200, followed by 18,130 and 18,000,” said Rohan Shah, head technical analyst at Stoxbox.
Share Market Outlook Today
09:15 (IST) 17 May 2023 Nifty’s biggest support to watch is at 18211
“If Tuesday’s profit booking is any indication, then Nifty’s biggest support to watch is at the 18211 mark and below the same, expect a waterfall of selling towards the 17383 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Share Market Outlook Today
09:15 (IST) 17 May 2023 Nifty may face resistance at 18633–18699
“NSE Nifty 50 immediate support level is at the 9-DMA of 18264, and if it falls below, the next demand zone is at 18120–18000. On the upside, if the Nifty breaches the 18476 level, it could face resistance at 18633–18699,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Share Market Outlook Today
09:15 (IST) 17 May 2023 Nifty first support at 18195 and then 18100
Bearish engulfing candle is seen on the daily charts for Nifty. The index’s bias is negative below 18400 for 18195. First support at 18195 and then 18100 while resistance at 18400 and then 18430, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
09:14 (IST) 17 May 2023 Delta Corp, Balrampur Chini, Mannappuram Finance, GNFC, PNB under F&O ban today
The National Stock Exchange has Delta Corp, Balrampur Chini Mills, Mannappuram Finance, GNFC and Punjab National Bank securities on its F&O ban list for 17 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.
09:13 (IST) 17 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 1,406.86 crore, while domestic institutional investors (DII) sold shares worth net Rs 886.17 crore on May 16, according to the provisional data available on the NSE.
09:13 (IST) 17 May 2023 Crude prices fall
Oil prices fell for a second day on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China, the world’s two biggest oil consumers. Brent crude futures were 29 cents lower, or down by 0.4%, to $74.60 a barrel. U.S. West Texas Intermediate crude edged down by 32 cents, also 0.4% down, to $70.55, as of 0005 GMT.
08:05 (IST) 17 May 2023 US indices end in red
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) tanked 1.01%, S&P 500 was down 0.64% and the tech-heavy Nasdaq dropped 0.18%.
08:04 (IST) 17 May 2023 Asian markets trade mixed
Asian markets were trading mixed – Hong Kong’s Hang Seng fell 0.33% and China’s Shanghai Composite index dipped 0.33% while South Korea’s KOSPI was up 0.47% and Japan’s Nikkei 225 climbed 0.73%.
08:04 (IST) 17 May 2023 SGX Nifty falls 40 pts
The Nifty futures on the Singapore Exchange (SGX) were trading 40 points or 0.22% lower at 18,289.5 in today’s early morning trade.