Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended the monthly F&O expiry session deep in the red. The NSE Nifty 50 tanked 118.40 points or 0.60% to 19,659.90 and BSE Sensex plunged 440.38 points or 0.66% to 66,266.82. In sectoral indices, Bank Nifty sank 383.05 points or 0.83% to 45,679.30, Nifty Auto tumbled 1.21% and Nifty IT fell 0.19% while Nifty Pharma jumped 3.05%, Nifty Realty soared 2.12% and Nifty Healthcare Index surged 2.65%. The top gainers on Nifty 50 were Cipla, Sun Pharma, Divis Lab, Hero Motocorp and Apollo Hospitals while the losers were Mahindra & Mahindra, Tech Mahindra, Tata Consumer Products, Britannia and Nestle India.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates on 27 July, 2023
15:37 (IST) 27 Jul 2023 Nifty, Sensex end in red
The NSE Nifty 50 plunged 118.40 points or 0.60% to 19,659.90 and BSE Sensex sank 440.38 points or 0.66% to 66,266.82.
15:29 (IST) 27 Jul 2023 Tech Mahindra shares tank 5% after Q1 earnings miss estimates
Tech Mahindra stock price tanked 5.32% to Rs 1,082.30 on Thursday after the company reported a 38% fall in net profit quarter-on-quarter to Rs 692.5 crore in Q1FY24. Brokerages gave divergent calls for the stock following the first fiscal quarter results: HDFC Securities and ICICI Securities recommended ‘Reduce’ and ‘Sell’ ratings on the stock, while Elara maintained its ‘Buy’ rating. Tech Mahindra share price has fallen over 11% in the last one week, while it has gained over 10% in the past one year.
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13:31 (IST) 27 Jul 2023 Nifty may rise to 20050 if index tops 19850; Indus Towers, Godfrey Phillips among top stocks to buy
After showing weakness in the last few sessions, Nifty shifted into an upside bounce with volatility on Wednesday and closed the day higher by 97 points. The market was not able to sustain above the hurdle of 19800 levels and moved into a consolidation in the mid to later part of the session. The opening upside gap remains unfilled.
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12:49 (IST) 27 Jul 2023 Volume Gainers
India Tourism Development Corporation, Godfrey Phillips India, The State Trading Corporation of India, Agro Tech Foods, Foseco India, Supriya Lifescience, Raj Oil Mills, MMTC, Johnson Controls – Hitachi Air Conditioning India, Nesco, Fine Organic Industries, and Nectar Lifesciences were among the volume gainers.
12:48 (IST) 27 Jul 2023 Stocks at 52-Week Lows
Ace Integrated Solutions, Johnson Controls – Hitachi Air Conditioning India, Netweb Technologies India, Sadhana Nitrochem, SEL Manufacturing Company, Goyal Aluminiums, Sri Adhikari Brothers Television Network, and Viji Finance were among 9 stocks that hit 52-week lows.
12:48 (IST) 27 Jul 2023 Stocks at 52-Week Highs
20 Microns, Action Construction Equipment, Ador Welding, Ahluwalia Contracts (India), Alkem Laboratories, Allsec Technologies, Anand Rathi Wealth, APL Apollo Tubes, Alembic Pharmaceuticals, Arman Financial Services, Aurionpro Solutions, Aurobindo Pharma, Axis Bank, Balmer Lawrie & Company, Bharti Airtel, Bharat Heavy Electricals, Borosil, BSE, Castrol India, Century Textiles & Industries, Chalet Hotels, Colgate Palmolive (India), Dishman Carbogen Amcis, Den Networks, Dr. Reddy’s Laboratories, E2E Networks, Equitas Small Finance Bank, Eris Lifesciences, Esab India, Escorts Kubota, FDC, Finolex Industries, Five-Star Business Finance, Foseco India, Fusion Micro Finance, Gabriel India, Gandhi Special Tubes, Gensol Engineering, Glenmark Pharmaceuticals, Glenmark Life Sciences, GMR Airports Infrastructure, GNA Axles, Godrej Properties, HBL Power Systems, Hindware Home Innovation, ICRA, IDFC, IDFC First Bank, IFGL Refractories, Indo Borax & Chemicals, Indo Tech Transformers, Inox Wind, Ircon International, Isgec Heavy Engineering, ISMT, ITD Cementation India, Inox Wind Energy, Jai Balaji Industries, Jain Irrigation Systems, J.Kumar Infraprojects, Jindal Stainless, JTL INDUSTRIES, Jupiter Wagons, Karma Energy, Kfin Technologies, Kalpataru Projects International, Kalyani Steels, Kewal Kiran Clothing, Kothari Petrochemicals, Kirloskar Ferrous Industries Ltd, Kirloskar Brothers, Larsen & Toubro, Lupin, Maharashtra Scooters, Maharashtra Seamless, Manappuram Finance, Marksans Pharma, MIC Electronics, Muthoot Finance, Natco Pharma, NAVA, Navneet Education, Netweb Technologies India, Neuland Laboratories, Oberoi Realty, Oil India, Osia Hyper Retail, Power Finance Corporation, PTC India Financial Services, Pitti Engineering, Power Mech Projects, Pressman Advertising, Prime Securities, Railtel Corporation of India, Raymond, RBL Bank, REC, Refex Industries, Ramkrishna Forgings, Rane (Madras), Sarda Energy & Minerals, Satin Creditcare Network, Stove Kraft, Shalby, Shyam Metalics and Energy, Sigma Solve, Spandana Sphoorty Financial, Summit Securities, Sun Pharmaceutical Industries, Sterling & Wilson Solar, Syngene International, Tata Communications, Tata Metaliks, Texmaco Rail & Engineering, Thangamayil Jewellery, Technocraft Industries (India), The Tinplate Company of India, Titagarh Wagons, Torrent Pharmaceuticals, Usha Martin, Vesuvius India, Vimta Labs, Weizmann Forex, Wonderla Holidays, WSI Industries, Zensar Technologies and Zydus Wellness were among 148 stocks that hit 52-week highs today.
12:47 (IST) 27 Jul 2023 Mahindra & Mahindra, RBL Bank, HDFC Bank among most active stocks
HDFC Bank, Tech Mahindra, Netweb Technologies, Mahindra & Mahindra, RBL Bank, ICICI Bank, Cipla, Bajaj Finance, and Axis Bank were the most active stocks on NSE.
12:47 (IST) 27 Jul 2023 Sectoral indices trade mixed
In sectoral indices, Nifty IT gained 0.06%, Nifty Metal rose 0.09%, Nifty Media gained 0.16%, Nifty Pharma soared 3.26 %, Nifty Realty jumped 1.70%, and the Nifty Healthcare Index soared 2.86%, while Nifty Bank fell 0.40%, Nifty Financial Service slipped 0.22%, Nifty Auto slipped 0.98%, Nifty FMCG fell 0.57% and Nifty Private Bank fell 0.59%.
12:46 (IST) 27 Jul 2023 Broader market indices trade mixed
Among the broader market indices – Nifty Next 50 rose 0.19%, Nifty Midcap 50 gained 0.61%, Nifty Smallcap 100 jumped 0.30%, Nifty Microcap 250 jumped 0.61% and the Nifty Volatility Index soared 2.84% while Nifty 100 fell 0.14%, Nifty 200 slipped 0.07% and Nifty 500 fell 0.03%.
11:30 (IST) 27 Jul 2023 Mahindra & Mahindra stock tanks 7% today after RBL Bank stake acquisition; RBL Bank shares jump 5%
Mahindra & Mahindra share price tanked 7% to Rs 1,438 today after the company acquired a 3.53% stake in RBL Bank for Rs 417 crore and said that it may consider further investment in the bank. “We have acquired a 3.53 % stake in RBL Bank as an investment at a cost of Rs 417 Crores. We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstance will it exceed 9.9%,” said M&M.
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10:27 (IST) 27 Jul 2023 Cipla stock jumps 9% today on strong Q1 results
Cipla share price jumped 8.8% to Rs 1,163 today after the pharmaceutical major’s consolidated net profit grew 45% on-year to Rs 996 crore in the quarter ended June 2023. Revenue from operations rose 18% to Rs 6,329 crore. Nuvama and Choice have recommended ‘Buy’ and ‘Add’ ratings on the stock, respectively and have increased their target prices owing to better-than-expected Q1 results. Cipla stock has jumped 14% in the last one month and 18% in the past one year.
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10:16 (IST) 27 Jul 2023 Government to divest 5.36% stake in Rail Vikas Nigam at 11.36% discount; Rs 1,329 cr OFS opens today
The Indian government is set to offload 5.36% stake in Rail Vikas Nigam in an offer-for-sale that could add Rs 1,329 crore to the centre’s coffers, according to a filing by the exchanges. The government currently owns a 78.2% stake in the company, and has proposed to divest a 3.4% stake, with an additional green-shoe option to divest 1.96% more in the case of oversubscription. The floor price for the offer has been set at Rs 119 apiece, with 11.17 crore shares up for sale. The floor price comes at a 11.36% discount from Wednesday’s closing price of Rs 134.25 per equity share.
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10:15 (IST) 27 Jul 2023 Netweb Technologies IPO Listing: Shares have bumper debut on bourses, list at Rs 942.5 with 88% premium
Netweb Technologies shares listed at 88% premium over IPO price on NSE and BSE amid positive domestic market. The share debuted at Rs 942.5 on the BSE, as compared to the issue price of Rs 500 per share. A positive listing was expected as ahead of the market debut, Netweb Technologies shares were trading at a premium of Rs 394 in the grey market.
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09:20 (IST) 27 Jul 2023 Nifty, Sensex open in green
The NSE Nifty 50 soared 66.60 points or 0.34% to 19,844.90 and BSE Sensex jumped 213.92 points or 0.32% to 66,921.12.
09:15 (IST) 27 Jul 2023 Nifty, Sensex end pre-open in green
Domestic indices ended the pre-opening session in the green. The NSE Nifty 50 jumped 72.60 points or 0.37% to 19,850.90 and BSE Sensex soared 126.92 points or 0.19% to 66,834.12.
09:07 (IST) 27 Jul 2023 Bank Nifty resistance level at 46400
“Bank Nifty has established a support level at 45600 and a resistance level at 46400. A break above the resistance or below the support on a closing basis could potentially trigger a trending move in the market,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:06 (IST) 27 Jul 2023 Bank Nifty to target levels of 46500
“Bank Nifty also witnessed a bounce from the cluster of 45670–45700 where support parameters in the form of the 38.2% Fibonacci retracement level and the 40-hour moving average were placed. The fall as well as the rise on the hourly time frame are overlapping in nature which gives us a sense that the Bank Nifty is undergoing a corrective phase that is not over yet. Once this consolidation phase is over, we can expect the uptrend to resume and expect it to target levels of 46500,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
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09:06 (IST) 27 Jul 2023 Nifty support at 19615–19560
“The daily and the hourly momentum setup is providing divergent signals which can lead to a consolidation in the short term. The daily Bollinger bands are also contracting which points towards a consolidation in the short term. In terms of levels, 19615–19560 shall act as a crucial support zone for Nifty and on the upside 19830–19850 shall act as an immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
Share Market Outlook Today
09:05 (IST) 27 Jul 2023 Nifty fresh uptrend rally likely above 19850 with targets at 19900-19950
“Nifty texture remains volatile. A fresh uptrend rally is likely above 19850 with targets at 19900-19950, selling pressure may accelerate below 19725, retesting 19650-19625. Ideal strategy: level-based trading for day traders,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
09:05 (IST) 27 Jul 2023 Nifty resistance at 19900/20000
“Nifty daily chart indicates a downward consolidation breakout, suggesting potential downward momentum. The RSI confirmed this sentiment with a bearish crossover. Key support was identified at 19700, while resistance levels were observed at 19900/20000, providing crucial reference points for traders and investors,” said Rupak De, Senior Technical analyst at LKP Securities.
Share Market Outlook Today
08:23 (IST) 27 Jul 2023 US indices end mixed
The US indices ended the overnight session mixed after the Federal Reserve hiked interest rates by 25 basis points – Dow Jones Industrial Average (DJIA) rose 0.23%, S&P 500 dipped 0.02% and the tech-heavy Nasdaq fell 0.12%.
08:22 (IST) 27 Jul 2023 Asian markets trade in green
Asian markets were trading mostly in green – China’s Shanghai Composite Index rose 0.46%, South Korea’s KOSPI jumped 0.79%, Hong Kong’s Hang Seng soared 1.18%, Asia Dow surged 0.97% while Japan’s Nikkei 225 dipped 0.05%.
08:22 (IST) 27 Jul 2023 GIFT Nifty gains 50 pts
The GIFT Nifty futures traded 50 points or 0.25% higher at 19,856 in early morning trade.
08:21 (IST) 27 Jul 2023 RBL Bank, Delta Corp, Sun TV under F&O ban today
The National Stock Exchange has RBL Bank, Delta Corp, and Sun TV Network securities on its F&O ban list for 27 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.
08:19 (IST) 27 Jul 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 922.84 crore, while domestic institutional investors (DII) purchased shares worth net Rs 470.10 crore on 26 July, according to the provisional data available on the NSE.
08:18 (IST) 27 Jul 2023 Crude prices gain
Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand. The promise of economic stimulus in China, the world’s second-biggest oil consumer, also lent support to the market.
08:17 (IST) 27 Jul 2023 Less hawkish US Fed to drive Nifty above 19900? See GIFT Nifty, FII data, F&O ban, crude before market opens
“Optimism has inched back today after the last three trading days of consolidation ahead of the FOMC meeting. As the market’s ambiguity against the monetary policy is likely to reverse henceforth, going forward we are unlikely to see another Fed rate hike in 2023. This is because inflation has rapidly come down and is forecast to settle down further. However, the interest rate is expected to stay high in the short-term since the rigidity of core inflation remains above the long-term average,” said Vinod Nair, Head of Research at Geojit Financial Services.
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08:12 (IST) 27 Jul 2023 Stocks To Watch: M&M, Axis Bank, Reliance Industries, RVNL, Cipla, TCPL, Nestle India, Bajaj Finserv, RBL Bank
Benchmark indices NSE Nifty 50 and BSE Sensex ended in the green on Wednesday. The Nifty 50 rose 50 points to close at 19,778.3. On the other hand, Sensex added 350 points to end at 66,707.2.
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