Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark equity indices ended the last trading session of the week broadly in green. The NSE Nifty 50 surged 272.45 points or 1.57% to 17,594.35 and BSE Sensex skyrocketed 899.62 pts or 1.53% to 59,808.97. Bank Nifty climbed 861.55 pts or 2.13% to 41,251.35 and PSU Bank soared 203.40 pts or 5.40% to 3,970.15. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, State Bank of India, Bharti Airtel and SBI Life while the top losers were Tech Mahindra, UltraTech Cement, Cipla, Divis Lab and Nestle India.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:42 (IST) 3 Mar 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, State Bank of India, Bharti Airtel and SBI Life while the top losers were Tech Mahindra, UltraTech Cement, Cipla, Divis Lab and Nestle India.
15:42 (IST) 3 Mar 2023 Bank Nifty surges 850 pts, PSU Bank soars over 5%
Bank Nifty climbed 861.55 pts or 2.13% to 41,251.35 and PSU Bank soared 203.40 pts or 5.40% to 3,970.15.
15:41 (IST) 3 Mar 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 272.45 points or 1.57% to 17,594.35 and BSE Sensex skyrocketed 899.62 pts or 1.53% to 59,808.97.
10:33 (IST) 3 Mar 2023 Adani-GQG deal positive news for Bank Nifty
“The US-based investment firm GQG partners investing Rs 15446 crores in four Adani stocks might influence the market positively. This money is mainly to be used for retiring debt, which means that the banks that had funded Adani companies will not face any stress. This is positive news for Bank Nifty,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
10:29 (IST) 3 Mar 2023 Adani Enterprises shares hit upper circuit, Group stocks surge after GQG buys $1.87 bln stakes
Adani Group stocks surged on Friday, with the flagship firm Adani Enterprises share price hitting the upper circuit, after US investment firm GQG purchased stakes worth $1.87 billion in four group firms. GQG is one of the world’s leading Global and Emerging Markets investors, which manages more than $92 billion in client assets. Adani Enterprises shares hit the upper circuit, surging over 10% to Rs 1778.15, Adani Ports shares rose 6.66% to Rs 664.70, Adani Transmission and Adani Green Energy shares hit the upper circuit rising 5% to Rs 743.75 and Rs 562.00, respectively.
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09:23 (IST) 3 Mar 2023 Adani stocks among top gainers, Asian Paints among losers
The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, State Bank of India, IndusInd Bank and ITC while the top losers were Dr Reddy, Asian Paints, Sun Pharma and ICICI Bank.
09:23 (IST) 3 Mar 2023 Bank Nifty surpasses 40700
Bank Nifty surged 325.20 pts or 0.81% to 40,715.00.
09:22 (IST) 3 Mar 2023 Nifty, Sensex open in green
The NSE Nifty 50 climbed 110.60 pts or 0.64% to 17,432.50 and BSE Sensex rose 349.05 pts or 0.59% to 59,258.40.
09:14 (IST) 3 Mar 2023 Nifty’s move beyond 17621 mark will negate the near-term bearish outlook
“Markets are likely to witness a positive opening in Friday trades on the back of upbeat global cues, but going by the wide fluctuations seen in recent weeks there could be hiccups in the way. While several macro indicators are pointing towards more challenging sessions going ahead, the fresh uptick in US bond yields is further adding to the pessimism. Technically for Nifty, a move beyond 17621 mark will negate the near-term bearish outlook,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
09:13 (IST) 3 Mar 2023 Nifty, Sensex end pre-open in green
Domestic indices ended the pre-open session in green territory. The NSE Nifty 50 rose 129.35 pts or 0.75 % to 17,451.25 and BSE Sensex climbed 331.85 pts or 0.56% to 59,241.20.
09:04 (IST) 3 Mar 2023 Bank Nifty remains in sell-on-rise mode
“The bears came back strong and the index witnessed stiff resistance at 41,000 where fresh call writing was visible. The index remains in a sell-on-rise mode as long it stays below the mentioned resistance zone. The index’s immediate support on the downside stands at 40,000 and if breached will lead to a further downside towards 39,500 levels,” said Kunal Shah, Senior Technical Analyst at LKP Securities
09:04 (IST) 3 Mar 2023 Bank Nifty support at 39800 levels, resistance placed at 40900.
“Bank nifty has support at 39800 levels while resistance is placed at 40900. Market breadth currently stands on the weaker side; one should adopt a cautious approach as the key heavyweight stocks are currently skewed on the negative side,” said Om Mehra, Equity Research Analyst, Choice Broking.
09:03 (IST) 3 Mar 2023 Bank Nifty support at 40150, hurdle near 41000
“We can see a double bottom formation on the Bank Nifty, which indicates a possible short-term bottom. The 20-DMA around 41000 is an immediate hurdle. A move above the 20-day moving average can result in substantial short covering. On the downside, 40150 will be an immediate support level,” said Pravesh Gour, Sr. research analyst, Swastika Investmart.
09:02 (IST) 3 Mar 2023 Window of 17000 will be open for Nifty
“Yesterday Nifty did not sustain at the 200-DMA moving average, so now the window of 17000 will be open as the next demand level. On the upside, the resistance levels at any short covering move are 17500 and 17625,” Pravesh Gour, Sr. research analyst, Swastika Investmart.
09:02 (IST) 3 Mar 2023 Nifty in counter-trend pullback mode and pullback is not complete yet
“Nifty is trading in the crucial Fibonacci support zone 17336 – 17300 which are the 61.82% retracement level (17336) and 78.6% retracement levels (17300) respectively and we expect the Nifty to hold on to this support and resume its next leg of up move. Overall, we believe that the Nifty is in a counter-trend pullback mode and the pullback is not complete yet,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
09:01 (IST) 3 Mar 2023 Nifty may move towards 17150
“Nifty remained volatile with a predominant weakness, as the bears kept control throughout the session. On the daily chart, the Nifty continues to fall within a descending channel, suggesting a continuation of the bearish trend. The momentum oscillator, RSI, is in a bearish crossover. Over the short term, the index may move towards 17150. On the higher end, resistance is placed at 17400,” said Rupak De, Senior Technical Analyst at LKP Securities.
09:00 (IST) 3 Mar 2023 No stocks under F&O ban today
The National Stock Exchange has no stocks on its F&O ban list for 3 March. 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.
09:00 (IST) 3 Mar 2023 FII turns net buyers, purchase shares worth Rs 12771 crore
Foreign institutional investors (FII) bought shares worth a net Rs 12,770.81 crore, while domestic institutional investors (DII) acquired equities worth a net Rs 2128.8 crore on 2 March, according to the provisional data available on the NSE.
08:59 (IST) 3 Mar 2023 Crude oil prices slip
Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China’s factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe.
08:58 (IST) 3 Mar 2023 Wall street stocks end higher
Wall Street stocks surged on Thursday. The Dow Jones Industrial Average climbed 341.73 points, or 1.05%, to close at 33,003.57. Salesforce boosted the Dow, rallying 11.5% on a strong quarter and forward guidance. The S&P 500 gained 0.76% to close at 3,981.35. The Nasdaq Composite rose 0.73%, ending the session at 11,462.98.
08:58 (IST) 3 Mar 2023 Asian markets trade in green
Asian markets were trading broadly in green in the early morning trade. China’s Shanghai Composite index rose 0.08%, Japan’s Nikkei 225 rose 1.41%, and Hong Kong’s Hang Seng was up 0.50%.
08:57 (IST) 3 Mar 2023 SGX Nifty in green
The Nifty futures on the Singapore Exchange were trading 104 pts or 0.60% higher at 17,459.50 in the early morning trade.