The NSE Nifty 50 gained 68.74 points or 0.31% to settle …
Share Market Highlights- Sensex, Nifty ends at day high! Nifty settles near 22,600, Sensex above 74,200, Realty and FMCG stocks shines
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained 68.74 points or 0.31% to settle at 22,597.80, while the BSE Sensex jumped 267.75 points or 0.75% to 74,221.06.The broader indices ended in positive territory, with gain led by Large-cap and Mid-cap stocks. Bank Nifty index ended lower by 266.25 points or 0.55% to settle at 47,781.95. Realty and FMCG stocks outperformed among the other sectoral indices while Metal and Financial Services stocks shed.
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15:33 (IST) 22 May 2024
Markets at close
Stocks to watch- HDFC Bank, Sun Pharma, Vedanta, Nestle India, IDFC First Bank, KPI Green
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded slightly down by 13.50 points or 0.06% at 21,470.50, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 dropped 38 points or 0.18% to settle at 21,418.65, while the BSE Sensex ended lower by 168.66 points or 0.24% to 71,315.09.
“On the daily chart, the Nifty has formed a Bearish Harami candlestick pattern, suggesting a potential interruption in the ongoing rally. Additionally, the RSI indicator on the hourly timeframe has undergone a bearish crossover within the oversold zone, hinting at a waning bullishness in the market. A decline below 21350 could lead a correction towards 21220/21100 in the short term. Conversely, resistance is anticipated at 21500 on the higher end,”…
Will Nifty continue to trade above 19800 or fall in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded down marginally 14.5 points, or 0.07%, at 19,797, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously on Tuesday, NSE Nifty 50 gained 0.40% to settle at 19,811.50, while BSE Sensex added 261.16 or 0.39% to 66,428.09.
“The market’s gap-up opening yesterday, offsetting the losses of the past three days, indicates an optimism over the ongoing Q2 earnings despite concerns about the Middle East and subdued start by the IT sector. The upward trend was broad-based with particular upside in Banking, Oil & Gas and FMCG sectors. However, some profit-taking was evident as the day concluded. FIIs continue to withdraw funds due to the rise in US bond yields,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Updater Services shares lists at 5% discount; should you hold or exit-
Updater Services shares listed at 5% discount over IPO price on bourses today. The share debuted at Rs 285 on the NSE, as compared to the issue price of Rs 300. On the BSE, the Updater Services’ shares listed at Rs 299.90
“Overall, the listing of Updater Services is disappointing for investors. However, the company’s high IPO price, mixed financial performance, and associated risks likely contributed to the negative response in the market. Additionally, current market sentiments could also be a contributing factor to such a listing. Investors who received allotments in the IPO should consider all these related risks and exit their position after this listing,” Shivani Nyati, Head of Wealth, Swastika Investmart.
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ONGC seeks premium over govt price for coal seam gas
State-owned Oil and Natural Gas Corporation (ONGC) is seeking a premium over the government gas price for the gas it plans to produce from coal seams in Jharkhand.
ONGC has sought bids from users for sale of 0.05 million standard cubic metres per day of gas from the North Karanpura coal-bed methane (CBM) block for three years.
Users have been asked to quote a premium they are willing to pay over and above the monthly domestic natural gas price that the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) notifies, the tender document showed.
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Why is Nuvama betting on these 6 stocks to make it to the MSCI index in August- Find out
The August review of the MSCI Standard Index could attract about $1.18 billion of inflows into India through the inclusion of six companies: Vodafone Idea, Prestige Estates, Oberoi Realty, Schaeffler India, Dixon Technology and Uno Minda, according to Nuvama Institutional Equities.
Additionally, stocks like Rail Vikas NigamZydus Lifescience, Oracle Financial and Oil India are on the radar and have the potential to contribute a total inflow of $1 billion. To make the cut to the Index the stock needs to have anywhere between 10 – 35% jump in its closing value on June 29, 2024.
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Stocks To Watch- Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 75 points or 0.31% at 24,120 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 ended down by 63.05 points or 0.26% to settle at 23,992.55 while the BSE Sensex plunged 166.33 points or 0.21% to 78,593.07.
“The domestic market tried to rebound mirroring the Asian markets. However, momentum was short-lived and closed below the threshold level of 24,000. Investors are watching the appreciating Yen, weak US economic data, and rising geopolitical tensions,” said Vinod Nair, Head of Research, Geojit Financial Services.
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