Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets tanked on Friday’s opening bell amid weak global cues. S&P BSE Sensex fell more than 600 points or 1%, sitting around 57,300 while the NSE Nifty 50 was holding just above 17,200. Bank Nifty fell more than 1%, broader markets mirrored the fall. India VIX, the volatility gauge, was up nearly 5%, regaining 18 levels once again. HCL Technologies was the top gaining stock on Sensex, 1.6%. Tata Steel, Bharti Airtel were the other two gainers. Mahindra & Mahindra was the worst performing stock, down 2.2%, followed by Bajaj Auto, and HDFC.
The IPO (Initial Public Offering) market is heating up again with fresh issues to open next week. Dalal Street investors will get to bid for Campus Activewear’s Rs 1,400-crore IPO and Rainbow Children’s Medicare IPO next week. While Campus’ public issue will open for subscription on 26 April and close on 28 April, that of Rainbow Children’s Medicare will open on 27 April and close on 29 April. These two will be the first public issues to open for subscription this financial year. Hariom Pipes was the last IPO to list on Dalal Street. The last financial year saw a total of 53 IPOs.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
Rainbow Children’s Medicare’s Rs 1,580.80 crore IPO, which opens 27 April, has set the price band at Rs Rs 516-542 per share of face value of Rs 10 each. The subscription for anchor investors will open one day prior to IPO opening date. The public issue will close for subscription on 29 April. Rainbow Children’s Medicare is likely to list on stock exchanges on 10 May 2022. Read full story
“The US markets sharply lower on Thursday after the US Federal Reserve chief, Jerome Powell, suggested that the central bank would move aggressively to curb inflation and a 50 basis points rate hike was seen on the table in May 2022. Asian markets are trading mostly in red on Friday following overnight losses on Wall Street. Key companies announcing their quarterly results are Hind zinc, MMTC, Tata metallicks etc. Crucial support for Nifty 50 is 17,100 while Nifty may face some resistance at 17,400,” said Mohit Nigam, Head – PMS, Hem Securities.
Sensex tanked more than 500 points or nearly 1% on Friday morning, hovering around 57,300 levels while the NSE NIfty 50 index was just above 17,200. Bank Nifty was down 1% while India VIX regained 18 levels.
Sensex was down more than 450 points during Friday's pre-open session while Nifty 50 was holding above 17250.
“The short term trend of Nifty continues to be positive. A sustainable move above the immediate resistance of 17450-17500 levels could open the next upside levels of around 17800-18000 levels in the near term. Immediate support is placed at 17250.”
~ HDFC Securities
Sensex and Nifty 50 were down in the red on Friday morning's pre-open session amid weak global cues.
“On the domestic front, equities were seen recovering for the second consecutive day yesterday, but FIIs remained a net seller and in total, they have sold more than Rs. 15,000 worth of stocks and bonds in April. The other fundamentals are gloomy and doomy for the Rupee but RBI's war chest of reserves has been a key point to consider for a steady move. Broadly, the pair is likely to trade into a consolidation phase of 75.70 to 76.70 with a mixed bias,” said MD-Amit Pabari, CR Forex Advisors.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol prices have been left untouched for the sixteenth day running by oil marketing companies (OMC) on April 22. Prices have been steady for more than two weeks now after OMCs hiked prices by nearly 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 that came more than a week ago. 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. 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.
Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative opening on Friday, as suggested by trends on SGX Nifty in early trade. Nifty futures were ruling at 17206.50, down 200.50 points or 1.15 per cent. On the day of weekly F&O expiry, S&P BSE Sensex zoomed 874 points or 1.53% to close the day at 57,911 while the NSE Nifty 50 added 256 points or 1.49% to end at 17,392. US Federal Reserve chairman Jerome Powell said a half-point interest rate increase will be on the table when the U.S. central bank meets on May 3-4 to approve the next in what is expected to be a series of rate increases this year. Read full story
“Put writer support at 17300 and technical support at 17190 will be crucial to watch in first hour of trade. If sustained we can see a bounce back. A close above 17300 today should bode well for bulls in next week,” said Rahul Sharma, Director & Head – Research, JM Financial.
Post an extended weekend; our markets started trading with a gap down due to negative opening by Infosys and HDFC Bank post their results. The index recovered marginally from the lows and attempted to recover in Tuesday’s session. However, we witnessed a sharp sell-off in the last hour on Tuesday and Nifty not only breached the 17000 mark but also went on to mark a low tad above 16800. In Tuesday’s session, although FIIs were aggressive sellers in the cash segment, surprisingly bought index futures on that day.
Nifty finds support around 17150 while 17500 will act as resistance on the upside. Bank Nifty finds support at around 36000 while 37200 will act as resistance.
~ IIFL Securities
“Nifty has surpassed and holding well above its crucial level of 17,350 indicating bulls are taking charge. Now it has to continue to hold above this levels, for an up move towards 17500 and 17777 whereas support shifts higher to 17250 and 17100 zones. Also, India VIX is down below 18 zones which is comforting the bulls and needs to sustain at lower levels for market stability. However, outcome of French Presidential election, developments in Ukraine, fears of a sharp economic slowdown in China and higher oil prices can keep the markets volatile globally. Stock specific approach should be adopted to play the market momentum,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services
US Federal Reserve Chairman Jerome Powell on Thursday suggested the U.S. central bank would move aggressively to curb inflation. Powell said that a half-point interest rate increase will be “on the table” when the Fed meets in May, adding it would be appropriate to “be moving a little more quickly”, Reuters reported.
Global cues were weak after NASDAQ, Dow Jones, and the S&P 500 closed with losses on Wall Street. Shanghai Composite, Hang Seng, Nikkei 225, TOPIX, KOSPI, and KOSDAQ were all down in the red.
SGX Nifty was deep in red on Friday morning. Nifty futures traded more than 200 points lower, suggesting a weak start for domestic markets.
