Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Monday’s session marginally in the green. The NSE Nifty 50 rose 24.90 pts or 0.14% to 17,624.05 and BSE Sensex climbed 13.54 pts or 0.02% to 59,846.51. Banking index, Bank Nifty fell 206.35 pts or 0.50% to 40,834.65. The top gainers on Nifty 50 were Tata Motors, ONGC, Adani Enterprises, Grasim and Wipro while the top losers were Bajaj Finance, Hindustan Unilever, Asian Paints, Tata Consumer and IndusInd Bank.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:41 (IST) 10 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were Tata Motors, ONGC, Adani Enterprises, Grasim and Wipro while the top losers were Bajaj Finance, Hindustan Unilever, Asian Paints, Tata Consumer and IndusInd Bank.
15:41 (IST) 10 Apr 2023 Bank Nifty closes below 40850
Bank Nifty fell 206.35 pts or 0.50% to 40,834.65.
15:40 (IST) 10 Apr 2023 Nifty, Sensex settle in green
The NSE Nifty 50 rose 24.90 pts or 0.14% to 17,624.05 and BSE Sensex climbed 13.54 pts or 0.02% to 59,846.51.
14:07 (IST) 10 Apr 2023 Tata Motors share price jumps 8% today on strong JLR sales
Tata Motors share price jumped over 8% on Monday, touching an intraday high of Rs 473.30, after the group reported encouraging global wholesale figures for Q4 FY23. Jaguar Land Rover sales in the January-March quarter stood at 361,361 units, up by 8% from the same quarter a year ago. Analysts at Motilal Oswal have a Buy rating on Tata Motors stock with a target price of Rs 525 per share. The company’s shares have risen over 16% in the past 6 months and nearly 45% in the last two years. Today the stocks touched an intraday low of Rs 450.05 and at the current price of Rs 460.75 per share, the company’s market capitalisation stands at Rs 1.53 lakh crore.
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13:29 (IST) 10 Apr 2023 Indian economy in relatively better position but need to remain overly cautious in this precarious environment
The new fiscal year has started with renewed global turbulence. Slowing growth in major economies, still high inflation and tightening of financial conditions have made the global landscape volatile, even while the recent bank collapses in the US and EU have heightened the risk of financial instability. To further complicate matters, the recent production cut announced by OPEC and the consequent spike in global crude oil prices has aggravated inflationary threats.
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12:38 (IST) 10 Apr 2023 Godrej Properties shares soar over 8% in trade on best ever fiscal results
Godrej Properties share price jumped 8.37% to an intraday high of Rs 1,219.5 per share today on the back of positive March-quarter results. The real estate developer posted its best ever quarter in terms of sales bookings. Nifty Realty also gained 3.6% as Godrej Properties buoyed the index. The stock’s 52-week high is at Rs 1,705 per share while its 52-week low price is at Rs 1,005 per equity share on the NSE. 20,51,717 shares of Godrej Properties exchanged hands in trade so far on Monday. The share has pared some of its gains and is trading at Rs 1,206.85, up 7.24%. Other Nifty Realty constituents Prestige Estates Properties, Sobha, DLF, Marcotech Developers gained up to 5.5%.
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09:55 (IST) 10 Apr 2023 Titan shares rise 2%
Titan shares rose 1.83% to Rs 2,595 after the company reported a 23% on-year increase in the jewelry segment, which contributes to the largest portion of the revenue. The company also reported a 25% hike in revenue in the March quarter. Watches saw growth of 41%, while emerging business segments grew by 84%.
09:54 (IST) 10 Apr 2023 Tata Motors shares surge 8%
Tata Motors shares surged 7.77% to Rs 471.65 after the company’s Q4FY23 wholesale volumes reached 94,649 units, representing a robust 24% on-year and 19% quarter-on-quarter growth, surpassing market expectations of 84,500 units. The FY23 wholesales increased by 9% on-year to 321.3k units.
09:33 (IST) 10 Apr 2023 Nifty, Sensex bracing for a rally
“It appears that the market is bracing for a rally. The major positive is that FIIs have turned buyers having bought equity for Rs 4740 crores during the last 6 trading sessions. Nifty has rallied 650 points from the March lows and with Bank Nifty batting for the bulls, the rally can sustain, particularly since the Q4 results starting April 12 are expected to deliver good numbers for the leading banks. IT companies are expected to deliver soft Q4 numbers. So the guidance by the leading players will be keenly watched by the market. Overall Indian valuations have turned reasonable now. The market construct favours systematic calibrated buying,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:31 (IST) 10 Apr 2023 Nifty call/put data
“Nifty weekly contract has highest open interest at 17600 for Calls and 17500 for Puts while monthly contracts have highest open interest at 18000 for Calls and 17000 for Puts. Highest new OI addition was seen at 17600 for Calls and 17600 for Puts in weekly and at 17600 for Calls and 17600 for Puts in monthly contracts. FIIs increased their future index long position holdings by 7.51%, increased future index shorts by -0.68% and in index options by -48.10% in Call longs, -40.29% in Call short, -51.40% in Put longs and -63.79% in Put shorts,” said Anand James – Chief Market Strategist at Geojit Financial Services.
09:30 (IST) 10 Apr 2023 Favoured view does not expect Nifty pull back beyond 17220
“A close above 50 and 200 DMAs underscores the will to persist with the 17800 objective that we had lined up last week. But yet, the lacklustre moves on Thursday, after breaching 17600, points to a struggle, with oscillators entering overbought territory in several periodicities. Ideally, consolidation thereof should take support near 17530/470 before resuming uptrend. Slippage past the same would however let bears dominate, but favoured view does not expect pull back beyond 17220,” said Anand James – Chief Market Strategist at Geojit Financial Services.
09:24 (IST) 10 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were Tata Motors, Adani Enterprises, Titan, Adani Ports and ONGC while the top losers were Asian Paints, Maruti, Britannia, IndusInd Bank and SBI Life.
09:23 (IST) 10 Apr 2023 Bank Nifty jumps above 41000
Bank Nifty jumped 42.35 pts or 0.10% to 41,083.35
09:23 (IST) 10 Apr 2023 Nifty, Sensex open in green
The NSE Nifty 50 rose 39.80 pts or 0.23% to 17,638.95, BSE Sensex climbed 123.14 pts or 0.21% to 59,956.11 .
08:57 (IST) 10 Apr 2023 Investors to focus on quarterly results, inflation data, US Fed minutes
This week, investors will focus on quarterly results, Inflation data and US Fed minutes. Tech major, TCS and Infosys and banking major HDFC Bank will announce quarterly results this week. In the US, big banks including JPMorgan Chase & Co and Citigroup will be among the companies reporting quarterly results this week. From the economic data point of view, Investors will keenly watch US, China and India Inflation data which is crucial in the current rising interest rate environment. More importantly, US Fed Minutes of the meeting will be announced on Wednesday and it may give a few indications about policy-making decisions. UK would announce its Feb GDP while the last FOMC meeting minutes would provide insights into US Fed’s thought process.
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08:33 (IST) 10 Apr 2023 Bank Nifty resistance placed at 41000
“Bank Nifty continued its rally on the upside and any dip was bought confidently by the bulls. The index surpassed the level of 40,000 earlier this month and post that there has been a one-way rally. The index is now trading around the next resistance zone of 41,000 and if we sustain above this, we expect the rally to continue higher toward the 42,000 mark. The lower-end support is visible at the 40,600-40,500 zone which will act as a cushion for the bulls,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
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08:33 (IST) 10 Apr 2023 Bank Nifty first support at 40960 and then 40757
Bank Nifty first support at 40960 and then 40757 while resistance at 41395 and 41627, according to Rahul Sharma, JM Financial.
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08:32 (IST) 10 Apr 2023 Nifty will remain buy-on-dips above 17500
“Nifty has given a falling channel breakout on the daily timeframe, pointing towards a bullish trend reversal. Besides, the index has closed above the critical moving average for the second consecutive day. A positive crossover in the momentum indicator RSI will boost sentiment. Going forward, the market will remain buy-on-dips as long as it remains above 17500. On the higher end, immediate resistance is visible at 17700; above which the index may move up towards higher levels,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
08:32 (IST) 10 Apr 2023 Nifty immediate hurdle seen at 17600-17700
“Nifty surpassed the 200 SMA on a closing basis, which is a strong comeback. But at the same time, one should not become complacent and should not rule out the possibility of a breather post the steep rally. As far as levels are concerned, 17500-17400 is likely to cushion any short-term blip, while the sacrosanct support lies around the bullish gap of 17200 in the comparable period. On the flip side, the 17600-17700 is likely to be seen as an immediate hurdle and an authoritative breach beyond the same could only trigger the next leg of the rally in Nifty towards 17800,” said Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One Ltd.
Share Market Outlook Today
08:32 (IST) 10 Apr 2023 Nifty consolidation expected over next few trading sessions
“The Daily Bollinger bands are contracting which indicates that the upside might be limited from the heron. Also on the hourly momentum indicator, we can observe negative divergence which indicates a loss of momentum on the upside. After witnessing 700 points rally in the last five trading sessions a consolidation is highly likely. Thus, considering the above factors we expect the Nifty to consolidate over the next few trading sessions and any dip towards the support zone of 17500 – 17430 should be used as an opportunity to create fresh long positions,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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08:31 (IST) 10 Apr 2023 Nifty first support at 17566 and then 17482
Nifty first support at 17566 and then 17482 while resistance at 17725 and 17800, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
07:46 (IST) 10 Apr 2023 US indices conclude in green
The US market ended the previous session in green – Dow Jones Industrial Average rose 0.01%, S&P 500 advanced 0.36% and the tech-heavy Nasdaq increased 0.76%.
07:45 (IST) 10 Apr 2023 Asian markets in green
Asian markets were trading mostly in green with Japan’s Nikkei 225 rising 0.34%, South Korea’s KOSPI climbing 1.04% while China’s Shanghai Composite dropped 0.25%.
07:45 (IST) 10 Apr 2023 SGX Nifty in red
The Nifty futures on the Singapore Exchange (SGX) were trading 20 pts or 0.11% lower at 17,696.50 in the early morning trade.