Share Market News Today | Sensex, Nifty, Share Prices Highlights: After a day of trading in the negative, domestic indices NSE Nifty 50 and BSE Sensex trimmed their losses to end the session with mild gains. Nifty added 17.8 points to settle at 18,314.8, while Sensex closed at 62,027.9, higher by 123.4 points. Nifty gained over 100 points from the day’s low and Sensex added about 500 points from its intraday low to end in the green.
The broader markets were laggards, as Nifty Midcap 50 ended 0.5% down while Nifty Smallcap 50 lost 0.78%. Volatility gauge, India VIX sank 3.1%. Certain sectoral indices outperformed. Bank Nifty gained 0.8% by close, while Nifty Auto, Nifty PSU Bank, Nifty Consumer Durables all closed in the positive territory. Nifty Metal, however, crashed 1.8%; Nifty Media was lower by 1.08% and Nifty IT settled lower by 0.3%.
Live Updates 15:53 (IST) 12 May 2023 Weak global cues impacts markets
“A slew of weak economic data points from the US and China hinting towards a slower pace of economic growth disturbed the mood of the Asian market. The risk of a recession in the US escalated as US jobless claims rose to their highest level since October 2021 while producer prices rose at a modest pace. Consequently, US Treasury yields reacted, indicating a potential halt in central bank rate hikes. The domestic market recovered in the second half as investors back home awaited the release of Indian inflation data that is expected to cool down below 5%.”
– Vinod Nair, Head of Research at Geojit Financial Services.
15:53 (IST) 12 May 2023 Markets volatile, ended almost flat
“Markets remained volatile for yet another session and ended almost on a flat note. The tone was negative in the first hour however buying in index majors, especially from banking, financials and auto space helped the index to trim losses. Consequently, the Nifty index settled at 18,314.80 levels. Meanwhile, the profit taking in broader indices resulted in negative market breadth.”
– Ajit Mishra, VP – Technical Research, Religare Broking
15:40 (IST) 12 May 2023 Nifty, Sensex weekly gain
NSE Nifty 50 gained 1.34%, while BSE Sensex gained 1.5% in the past week.
15:38 (IST) 12 May 2023 Nifty 50 top gainers, losers
Eicher Motors, M&M, IndusInd Bank, Axis Bank and Hindustan Unilever were the top gainers of the day on the Nifty 50 index. The top laggards were Hindalco, BPCL, Power Grid, NTPC and Tata Steel.
15:36 (IST) 12 May 2023 Markets at close
After a day of trading in the negative, domestic indices NSE Nifty 50 and BSE Sensex trimmed their losses to end the session with mild gains. Nifty added 17.8 points to settle at 18,314.8, while Sensex closed at 62,027.9, higher by 123.4 points.
14:58 (IST) 12 May 2023 South India Bank up 11.7%
South India Bank gained up to 11.7% intraday on positive Q4FY23 earnings, after the lender announced highest-ever quarterly net profit at Rs 333.9 crore.
14:32 (IST) 12 May 2023 Weekly market wrap up
“BSE Midcap and BSE SmallCap moved also moved up with gains of around 1.62% and 1.37%. Indian equity markets remained concerned about growth prospects, even as inflation continued its downward trajectory both globally and domestically. Global equity markets remained volatile as market participants continued to seek clarity on the evolving growth-inflation balance. Indian equity markets witnessed a pause in the recent rally as concerns about the micro outlook weighed over the improving macro outlook.”
– Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
13:34 (IST) 12 May 2023 Market Update
Nifty and Sensex erase the morning losses to trade mildly in the green. Nifty reclaimed the 18300 mark, trading higher by 0.04% after gaining over hundred points from the day’s low of 18,194.
13:28 (IST) 12 May 2023 MSCI impact
Sona BLW Precision Forgings was up 4.9%, with a day’s high of Rs 574 as it was added to the MSCI India Index.
12:35 (IST) 12 May 2023 Max Healthcare Institute gains 6%
Max Healthcare Institute was added to the MSCI India Index; the firm’s shares soared 6%, making an intraday of Rs 513.25.
10:55 (IST) 12 May 2023 Markets pare losses
After falling during the opening session, leading domestic indices Nifty 50 and Sensex trim the morning session’s losses. Nifty gains 85 points from the intraday low of 18,194 to trade at 18,278.80, down 0.1% from yesterday’s closing price. Sensex regains 280 points to trade at 61,847.17, lower by 45 pts or 0.1% from the previous session’s close.
10:51 (IST) 12 May 2023 Nifty top losers
BPCL, Divi’s Lab, Hindalco, Power Grid and NTPC are the top losers on the Nifty 50 index.
10:25 (IST) 12 May 2023 Nifty 50 top gainers.
Eicher Motors, Bajaj Auto, Tata Motors, Britannia, Hero MotoCorp are the top gainers on the Nifty 50 index so far, with Eicher Motors up 6.4%.
09:38 (IST) 12 May 2023 Sensex laggards
Sensex fell over 300 points to below 61,600, with Reliance Industries, Infosys and L&T dragging the index.
09:35 (IST) 12 May 2023 Markets fall
Nifty 50 gives up the 18,200 mark, falling 95 points to 18,195, while Sensex tanks 300 points to 61,579.
09:35 (IST) 12 May 2023 Nifty 50 falls nearly 100 points
NSE Nifty 50 extended fall after opening in red; it slipped to 18,200 points, falling nearly 100 points in the morning trade.
Check live prices: NSE Nifty 50
09:28 (IST) 12 May 2023 Nifty to remain range-bound
“Downside moves will need a break of 18217 to gain momentum. In other words, we begin today with a sideways bias inside 18265-18315, with a fair possibility of expanding into the 18217-18350 band, but with limited expectations of directional move.”
– Anand James, Chief Market Strategist at Geojit Financial Services.
09:27 (IST) 12 May 2023 ATGL, Adani Transmission down 5%
Adani Transmission and Adani Total Gas hit their lower circuit of 5% at Rs 871.40 and Rs 812.3 respectively as the MSCI quarterly rejig excluded the shares from the MSCI India Index.
09:24 (IST) 12 May 2023 Sector-wise outlook
Bank Nifty was flat, up 0.05% while Nifty PSU Bank soared 0.23%. Nifty Media and Nifty Metal tanked up to 1.1%, while Nifty Auto gained 0.95% in trade, with Eicher Motors leading gains.
09:20 (IST) 12 May 2023 Markets at open
Domestic indices NSE Nifty 50 and BSE Sensex opened lower in trade on Friday. Nifty fell around 0.24% points to the 18,250 level while Sensex dropped 130 points to 61,772.
09:11 (IST) 12 May 2023 Markets end pre-open lower
Domestic indices NSE Nifty and BSE Sensex traded lower in the morning’s pre-open session. Nifty settled at 18,273.75, down 0.13% while Sensex ended at 61,857.69, lower by 46.83 points.
09:00 (IST) 12 May 2023 USD-INR outlook
“The USDINR 29 May futures contract traded in a tight range and held on to its support level of 81.85. If the pair sustains above 82.05 it could witness further strength towards 82.22-82.45, else it could test its support level of 81.85-81.70. We suggest closely watching the level of 81.85-82.22 for taking fresh positions in the pair; either side breakout of the range could give further directions.”
– Rahul Kalantri, VP Commodities, Mehta Equities
08:48 (IST) 12 May 2023 Global cues to lead domestic markets
“Markets may falter in early trades on the back of weakness in other Asian indices after US markets shed ground overnight. Profit booking is likely to be the preferred theme, as the advantage of softer US CPI & PPI optimism is seen fading, with Chinese growth concerns also weighing on the sentiment. Hence, expect caution to be the buzzword for bulls’ camp as long as Nifty is trading below the 18,351 mark.”
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:31 (IST) 12 May 2023 Technical Levels
“Nifty is looking good as long as the index stays above 18,200, which is a significant support. If Nifty surpasses the 18,400 mark, it can see more upward move with a possible target of 18,500-18,600. Therefore, if the index trades above 18400, we expect the index to scale higher.”
– Rohan Shah, Head Technical Analyst, Stoxbox.
08:17 (IST) 12 May 2023 Crude Oil
Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend, but uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional banking crisis capped gains. Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained 41 cents, or 0.6%, to $71.28. They recovered from losses of about 3%-4% over the past two sessions.
08:05 (IST) 12 May 2023 F&O ban list
Canara Bank, Manappuram Finance, BHEL and Punjab National Bank securities on NSE’s F&O ban list for 12 May.
08:05 (IST) 12 May 2023 FII, DII data
Foreign institutional investors (FII) net bought shares worth net Rs 837.2 crore, while domestic institutional investors (DII) net sold shares worth net Rs 200.09 crore on May 11, according to the provisional data available on the NSE.
07:48 (IST) 12 May 2023 MSCI drops ATGL, Adani Transmission
Index provider MSCI announced Thursday that Adani Transmission, Adani Total Gas and Indus Towers have been removed from the MSCI India Index. These changes will come into effect 31 May, 2023 onwards.
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07:31 (IST) 12 May 2023 Asian markets
Asian markets traded mixed as Hong Kong’s Hang Seng and China’s Shanghai were flat, down 0.05% and 0.09% respectively, while Taiwan’s TSEC 50 was 0.49% lower. Japan’s Nikkei 225 gained 0.75%
07:30 (IST) 12 May 2023 US markets overnight
The Dow Jones and the S&P 500 ended lower on Thursday. The Dow Jones fell 0.66%, the S&P 500 lost 0.17%, and the Nasdaq Composite added 0.18%.
07:29 (IST) 12 May 2023 SGX Nifty indicates lower start
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open on a negative note, as Nifty futures traded 58.5 points lower at 18,291.5 on the Singaporean exchange.