Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened on negative note with Nifty below 17800 amid weak global cues. The BSE Sensex was down 300.99 points or 0.50% at 59,309.42, and the NSE Nifty 50 was down 73.70 points or 0.41% at 17,734. Bank Nifty dropped 192 points or 0.5% to 37,439. Cipla, Asian Paints, Adani Ports, Divis Labs and Eicher Motors were among major gainers on the Nifty, while losers were ONGC, HDFC Bank, IOC, HDFC and Wipro. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, up to 0.5 per cent higher.
Uma Exports, the trader of agricultural produce and commodities, will be listed on BSE and NSE today. The company successfully raised Rs 60 crore through its maiden public issue that was subscribed 7.67 times during March 28-30. The issue received good response from investors with the retail portion being subscribed 10.11 times, while qualified institutional buyers and non-institutional investors bid 2.81 and 2.22 times the allotted quota, respectively.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
Maruti Suzuki India has announced its decision to proactively and voluntarily recall 19,731 units of its EECO model. The recall is being undertaken to inspect and rectify ‘incorrect marking of wheel rim size’, if any, on the wheel in some of these vehicles, company said in its release. Maruti Suzuki India was quoting at Rs 7,679.70, down Rs 64.85, or 0.84 per cent on the BSE.
Cipla, Asian Paints, Adani Ports, Divis Labs and Eicher Motors were among major gainers on the Nifty, while losers were ONGC, HDFC Bank, IOC, HDFC and Wipro.
HDFC twins, Maruti, Titan, Wipro, Reliance, TCS, Kotak Bank and Infosys were the top Sensex losers. Meanwhile Dr Reddy's, Asian Paints, Sun Pharma, and Tata Steel were the top gainers.
Indian benchmark indices opened on negative note with Nifty below 17800 amid weak global cues. The BSE Sensex was down 300.99 points or 0.50% at 59309.42, and the NSE Nifty 50 was down 73.70 points or 0.41% at 17734.
“Nifty finds support around 17200 while 17700 will act as resistance on the upside.
Bank Nifty finds support around 35900 while 36700 will act as resistance.”
~IIFL Securities
In weekly options there was Call writing seen at 18,100 strike followed by 18,000 & 17,900 while on the Put side noticeable activity of writing was witnessed in 17,700 ,17,500 & 17,800 strike prices. Options data suggest an immediate trading range between 18,100 and 17,500 levels. Read full story
Benchmark indices are trading lower in the pre-opening session amid weak global cues. The BSE Sensex was down 111.90 points or 0.19% at 59498.51, and the NSE Nifty 50 was down 87.70 points or 0.49% at 17720.00.
Infrastructure Development Finance Company (IDFC Ltd) and a consortium comprising Bandhan Financial Holdings Limited (BFHL), GIC, and ChrysCapital (“CC”) have entered into a definitive agreement to acquire IDFC Asset Management Company Limited (IDFC AMC) and IDFC AMC Trustee Company Limited from IDFC Limited, for a consideration of Rs 4,500 crore subject to receipt of necessary regulatory approvals and customary closing conditions.
“Benchmark Indices are expected to open on a negative note today as suggested by trends on SGX Nifty. NASDAQ closed -2.22% lower yesterday after minutes from FED’s March meeting showed that Central Bank will move aggressively to head off inflation. European Indices also closed in red yesterday. All the major Asian markets are trading in negative territory in the early Thursday trade. Veranda Learning and Uma Exports will list on bourse today. Some of the stock specific actions can be witnessed in stocks such as Godrej Consumer Products (double-digit sales growth expected in Q4FY22), Motherson Sumi Systems (completed acquisition of a 55 percent stake in CIM Tools Private Limited), Zee Entertainment Enterprises (Invesco Developing Market Funds will launch a block deal to sell 7.8 percent stake in the company). On the technical front, Immediate support and resistance in Nifty 50 are 17500 and 18000 respectively. Bank Nifty immediate support and resistance are 37000 and 38000 respectively.”
~Mohit Nigam, Head – PMS, Hem Securities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were left unchanged by oil marketing companies (OMC) on April 7 after having hiked prices for 14 times in 16 days. So far prices have increased by roughly Rs 10 per litre across major cities. Petrol in the National Capital of Delhi currently retails at Rs 105.41 per litre, after the last hike of 80 paise. Diesel in the city is priced at Rs 96.67. In Mumbai, a litre of petrol and diesel cost Rs 120.51 and Rs 104.77, respectively. Pieces were hiked for the first time in 4 months, 15 days ago. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international prices and foreign exchange rates.
“Nifty joined the conga-line of sinking stock markets across globe amidst recession risks that are seen ringing louder. Denting sentiments were the ‘panic-like selling’ leads from overnight Wall Street trade after the Federal Reserve governor Lael Brainard said the central bank will reduce its balance sheet soon. Digging deeper, the bulls’ confidence was knocked again amidst growing investor unease over the concerns over rising bond yields. The yield on the U.S. 10-year Treasury has spiked to 2.61%. Nifty may mostly waver in tomorrow’s trade and probably trade with negative bias. the make-or-break Nifty’s support is seen at its 200 DMA at 17111 mark. Intraday support is seen at 17683 mark.”
~Prashanth Tapse, Vice President (Research), Mehta Equities
After showing higher level weakness on Tuesday, the Nifty continued with follow-through weakness amidst range bound action on Wednesday and closed the day lower by 149 points. The opening downside gap has been filled partially. A small negative candle was formed on the daily chart with a minor upper shadow. This pattern confirms a short term top reversal at the swing high of 18114 levels and the beginning of a downward correction in the market. The overhead resistance of downsloping trend line seems to have acted as a crucial hurdle for the market and resulted in a trend reversal down. Presently, Nifty is placed above the previous upside gap of 4th April at 17800 levels.
“Markets have been witnessing some jittery after recent gains and have turned into a consolidative mode. Volatility is likely to be seen in interest sensitive stocks as investors await RBI policy meet outcome.”
~Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services
Uma Exports, the trader of agricultural produce and commodities, will be listed on BSE and NSE today. The company successfully raised Rs 60 crore through its maiden public issue that was subscribed 7.67 times during March 28-30. The issue received good response from investors with the retail portion being subscribed 10.11 times, while qualified institutional buyers and non-institutional investors bid 2.81 and 2.22 times the allotted quota, respectively
Oil prices clawed back some losses on Thursday after tumbling more than 5 per cent to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia. Brent crude futures climbed $1.32, or 1.3 per cent, to $102.39 a barrel, while US West Texas Intermediate (WTI) crude futures rose $1.18, or 1.2 per cent, to $97.41 a barrel.
Asian stocks opened lower on Thursday amid surging US bond yields as minutes from the Fed fueled expectations of more aggressive future rate hikes. MSCI's index of Asia-Pacific shares outside Japan was down by 0.64 per cent. Japan's Nikkei tumbled 1.79% South Korea's Kospi dropped 0.85% Australia's ASX 200 declined 0.54%. China's Shanghai Composite index edged 0.04% lower. Hong Kong's Hang Seng plunged 1.87%.
Domestic markets continued to move southward on Wednesday with headline indices correcting nearly 1% each. S&P BSE Sensex fell 566 points or 0.94% to close at 59,610 points while the NSE Nifty 50 shed 149 points and ended at 17,807. Bank Nifty was down more than 1% while India VIX gained. Entering the weekly Futures & Options expiry session, SGX Nifty was down in red, suggesting a weak start to the day’s trade. Global cues were largely negative after minutes of the US Fed’s March meeting showed that the central bankers were willing to take a more aggressive approach to tame inflation.
Nifty futures on the Singapore Exchange traded 103.5 points, or 0.58 per cent, lower at 17,764, signaling that Dalal Street was headed for a negative start.
