Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session broadly in green. The NSE Nifty 50 jumped 165.95 points or 0.92% to 18,255.8 and BSE Sensex surged 555.95 points or 0.91% to 61,749.25. In sectoral indices, Bank Nifty skyrocketed 372.75 points or 0.86% to43,685.45, Nifty Financial Services soared 297.1 points or 1.55% to 19,479.35 and Nifty PSU Bank zoomed 51.15 points or 1.23% to 4,194.35. The top gainers on Nifty 50 were Adani Enterprises, Bajaj Finance, HDFC, SBI Life and HDFC Bank while the losers were IndusInd Bank, UPL, Nestle India, Power Grid and ITC.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:27 (IST) 4 May 2023 Where is share market headed after Nifty closes above 18250, Bank Nifty above 43680
Benchmark indices NSE Nifty and BSE Sensex ended Thursday’s session broadly in green. “Following a widely expected rate hike by the Fed and consistent foreign support, the domestic equities resumed its bullish momentum, driven by gains across major sectors. However, the US market faced losses as the Fed reiterated concerns over elevated inflation despite softening its language on future rate hikes. Signs of returning contagion fears in regional US banks also weighed on the global market mood,” said Vinod Nair, Head of Research at Geojit Financial Services.
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16:01 (IST) 4 May 2023 Shoonya compensates affected traders for losses worth Rs. 3.5 Crore, following a technical issue
Shoonya has taken a business decision to support its affected customers and to cover their losses due to a technical issue on April 13th, 2023. The company has covered the losses worth Rs. 3.5 crore as on 3rd May 2023, and the process of resolving customer disputes is progressing fast. The company resolved the said technical issue with a thorough audit and mock trades, ensuring normalcy to its platform from the very next trading session. The impact of this issue was restricted only to the customers who tried logging their first trades between 9:15 AM and 9:30 AM on the said day.
15:41 (IST) 4 May 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Enterprises, Bajaj Finance, HDFC, SBI Life and HDFC Bank while the losers were IndusInd Bank, UPL, Nestle India, Power Grid and ITC.
15:41 (IST) 4 May 2023 Bank Nifty above 43680, Fin Nifty gains 1.5%, PSU Bank up 1.2%
In sectoral indices, Bank Nifty skyrocketed 372.75 points or 0.86% to 43,685.45, Nifty Financial Services soared 297.1 points or 1.55% to 19,479.35 and Nifty PSU Bank zoomed 51.15 points or 1.23% to 4,194.35.
15:40 (IST) 4 May 2023 Nifty, Sensex end in green
The NSE Nifty 50 jumped 165.95 points or 0.92% to 18,255.8 and BSE Sensex surged 555.95 points or 0.91% to 61,749.25.
15:17 (IST) 4 May 2023 HDFC share price jumps over 2% after net profit rises 18% on-year
HDFC share price jumped 2.65% to Rs 2862.5 after the company announced its net profit for the fourth quarter at Rs 7,623.58 crore, up 18% from Rs 6,458.51 crore in the same quarter last year. The board also announced an interim dividend of Rs 44 per equity share of face value of Rs 2 each for the financial year ended March 2023, compared to a final dividend of Rs 30 per equity share in the previous year.
15:12 (IST) 4 May 2023 Nifty jumps above 18250, Sensex surges 550 pts; Bank Nifty near 43700
The NSE Nifty 50 jumped 166.2 points or 0.92% to 18,256.05 and BSE Sensex surged 560.23 points or 0.92% to 61,753.53. In sectoral indices, Bank Nifty skyrocketed 372.2 points or 0.86% to 43,684.90.
14:36 (IST) 4 May 2023 Dabur shares sink 1.7% on Q4 earings
FMCG major Dabur’s shares slip 1.7% to Rs 529.1 in trade on disappointing Q4FY23 earnings result. The net profit dropped 0.5% on-year at Rs 292.7 crore while revenue was Rs 2,678 crore.
14:28 (IST) 4 May 2023 Adani Enterprises’ share price jumps 4% ahead of results
The share price of Adani Group’s flagship firm Adani Enterprises gained up to 4% today to touch Rs 1,912.7 per equity share ahead of the earnings results announcement for the quarter ended March. Adani Enterprises’ shares have seen heightened volatility over the past few months as a result of the controversial Hindenburg Research report. The report – alleging that the Group and leader, Gautam Adani willingly manipulated stock prices, misled investors and misused shell corporations – was disseminated on 24 January.
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13:03 (IST) 4 May 2023 Volume gainers
Consolidated Finvest & Holdings, Raj Rayon Industries, Bajaj Consumer Care, Malu Paper Mills, Mirza International, Jullundur Motor Agency (Delhi) Limited, BEML, Apollo Micro Systems are among the volume gainers on the NSE index.
13:03 (IST) 4 May 2023 V-Mart, Virinchi hit 52-week lows
Alternatively, 2 stocks including V-Mart Retail and Virinchi are at 52 week lows.
13:02 (IST) 4 May 2023 HAL, M&M among 66 stocks that hit 52 week highs
On the NSE Nifty, 66 stocks hit their 52 week highs including Indiamart, Dr. Reddy’s Laboratories, Oracle Financial Services Software, ABB India, Siemens, GRP, Hindustan Aeronautics, Apar Industries, Power Mech Projects, Ganesha Ecosphere, Bharat Dynamics, Cholamandalam Investment and Finance Company, Cigniti Technologies, Surya Roshni, Divgi Torqtransfer Systems, Mrs. Bectors Food Specialities, Gravita India, Wonderla Holidays, Fusion Microfinance, Action Construction Equipment, Sanghvi Movers, VA Tech Wabag, Magadh Sugar & Energy, Pondy Oxides & Chemicals, Hardwyn India, Apollo Tyres, Mahindra & Mahindra Financial Services and Ramkrishna Forgings among others.
13:01 (IST) 4 May 2023 Price band hitters
On the NSE Nifty, 60 stocks hit their upper price band. Tata Teleservices (Maharashtra), Mizra International, Brightcom Group, Sanghi Industries, RattanIndia were among the scrips. 17 stocks hit their lower price band including IndoStar Capital Finance, Osia Hyper Retail, Axita Cotton, Focus Lighting and Fixtures, Kohinoor Foods. 9 scrips hit both bands.
13:01 (IST) 4 May 2023 Top gainers/losers
On the NSE Nifty index, the top winners are Adani Enterprises, SBI Life, Bajaj Finance, BPCL, Asian Paints, with Adani Enterprises up 3.53%. The biggest laggards are Power Grid, Tata Consumer, ICICI Bank, ONGC, IndusInd Bank, With Power Grid down 1.71%.
13:01 (IST) 4 May 2023 HDFC Bank, Adani Enterprises among most active equities
HDFC Bank, ICICI Bank, HDFC, Adani Enterprises and SBI are the most active Nifty 50 stocks intraday.
13:00 (IST) 4 May 2023 Sectoral indices trade mostly in green
Sectorally, most indices traded higher, however, Nifty Realty and Nifty FMCG fell up to 0.34%. Nifty Metal, Nifty Financial Services, Nifty PSU Bank clocked gains.
12:59 (IST) 4 May 2023 Broader market indices trade in green
The broader markets traded in the green as Nifty Next 50 gained 0.61%. Nifty Midcap 100 and Nifty Smallcap 100 added 0.49% and 0.62% respectively. Nifty Microcap outperformed, adding 1.24% in gains.
12:21 (IST) 4 May 2023 How Rekha, Rakesh Jhunjhunwala stake in Titan fell sharply since 2016
Rakesh Jhunjhunwala, also known as the ‘Big Bull’, made a wise investment in Tata Group’s Titan in FY 2003, buying shares for just Rs 40 each. This investment proved to be a success, with Jhunjhunwala and his wife, Rekha Jhunjhunwala, owning as much as 8.75% of the company’s shares by March 2016. However, Trendlyne data shows that Jhunjhunwala had been gradually reducing their stake in the company, and his family’s combined shareholding fell to 5.05% by the end of the 2021-2022 financial year.
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11:59 (IST) 4 May 2023 Nifty may consolidate in near term, support placed at 17900
After showing consistent up moves in the last six sessions, Nifty shifted into a minor profit-booking mode on Wednesday and closed the day lower by 57 points. The short-term trend of Nifty seems to have cooled off after a decent upside movement. There is a possibility of further consolidation or minor weakness for the next 1-2 sessions before showing an upside bounce from the higher lows. Immediate support is at 17900 levels.
Birlasoft, Hindustan Copper among top stocks to buy
11:07 (IST) 4 May 2023 Adani Wilmar shares gain marginally
Adani Wilmar shares rose 0.45% to Rs 399.45 despite the company’s fiscal net profit tumbling 60.1% to Rs 93.61 crore from Rs 234.29 crore in the same quarter last year. The FMCG company posted revenue from operations of Rs 13,872.64 crore, down 7% from Rs 14,917.26 crore in Q4FY22
11:06 (IST) 4 May 2023 Adani Enterprises shares jump over 2%
Adani Enterprises shares jumped 2.5% to Rs 1884.6 ahead of the quarterly results announcement.
10:04 (IST) 4 May 2023 Titan share price soars nearly 1% after Q4FY23 net profit jumps 50%
Titan share price rose 0.83% to Rs 2,676.1 today after the company recommended a dividend of Rs 10 per equity share and reported a 50% jump in its standalone net profit to Rs 734 crore for the quarter ended March 2023 against a net profit of Rs 491 crore in the year-ago period.
Should you buy, sell or hold Titan stock?
09:25 (IST) 4 May 2023 Top gainers/losers
The top gainers on the Nifty 50 were Adani Enterprises, JSW Steel, SBI Life, HDFC Life and Tata Steel while the losers were HCL Tech, Tech Mahindra, ONGC, Power Grid and ICICI Bank.
09:24 (IST) 4 May 2023 Bank Nifty above 43300; PSU Bank jumps half a percent
In sectoral indices, Bank Nifty climbed 30.85 points or 0.07% to 43,343.55 and Nifty PSU Bank jumped 22.75 points or 0.55% to 4,165.95.
09:24 (IST) 4 May 2023 Nifty, Sensex open flat
The NSE Nifty 50 rose 15.25 points or 0.08% to 18,105.1 and BSE Sensex rose 25.38 points or 0.04% to 61,218.68.
09:12 (IST) 4 May 2023 Nifty, Sensex end pre-open flat
Domestic indices ended the pre-opening session on a flat note. The NSE Nifty 50 fell 8.85 points or 0.05% to 18081 and BSE Sensex rose 64.83 points or 0.11% to 61,258.13.
09:09 (IST) 4 May 2023 Manappuram Finance under F&O ban today
The National Stock Exchange has Manappuram Finance securities on its F&O ban list for 4 May. 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.
09:09 (IST) 4 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 1,338 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 583.99 crore on May 3, according to the provisional data available on the NSE.
09:07 (IST) 4 May 2023 Crude prices fall over 1%
Oil prices fell over 1% on Thursday, deepening steep losses in recent days, after the U.S. Federal Reserve increased interest rates and investors worried about a weakening global economy that could dent energy demand. Brent futures fell 76 cents, or 1.1%, to $71.57 a barrel by 0002 GMT. U.S. West Texas Intermediate crude (WTI) fell $1, or 1.5%, to $67.60 a barrel. This marked the lowest settling figure for both benchmarks since December 2021. Both Brent and WTI have fallen over 10% since the start of this week.
09:03 (IST) 4 May 2023 Bank Nifty move above 43500 may induce rally towards 44000
“Bank Nifty’s short-term range remains intact at 43000-43500. A decisive move on either side may induce a directional move in the index. Immediate support is visible at 43150. On the other hand, a move above 43500 may induce a rally towards 44000,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
09:03 (IST) 4 May 2023 Bank Nifty support placed around 42800-43000
“Bank Nifty has support around the 42800-43000 zone while resistance is placed at 43800,” said Om Mehra, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
09:02 (IST) 4 May 2023 Bank Nifty expected to remain volatile till it trades in 43000-43300 range
“Important support zones for Bank Nifty are around 43150 and 43000 below which the bears are likely to become active whereas the resistance is placed at 43350 and 43500 above which will start moving towards 44000. Till the time Bank Nifty is in the range of 43300 and 43000 it is expected to remain volatile as options data is indicating a sideways to bearish trend. Support seen at 43150 and 43000 while resistance at 43350 and 43500,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
Share Market Outlook Today
09:02 (IST) 4 May 2023 If Nifty breaches 17950 then 17800 will be next support
“Nifty has now offset the bearish implication of Engulfing pattern formed on the weekly chart in the previous week. The support for the Nifty is placed at around 18,000 – 17,950 levels and resistance is capped at 18,250 – 18,300 levels. In case the Nifty breaches below 17,950 levels then 17,800 will be the next support zone,” said Rohan Patil, Technical Analyst, SAMCO Securities.
Share Market Outlook Today
09:02 (IST) 4 May 2023 Nifty highest OI remains at 18000 followed by 17900 strike price
“Nifty managed to close above 18080 levels, which can lead the upswing to accelerate, but one shouldn’t be overly hopeful. OI Data indicates, on the call side the highest OI witnessed at 18200 followed by 18300 strike prices while on the put side, the highest OI remains at 18000 followed by 17900 strike price. Nifty Put Call Ratio stands at 1.02,” said Om Mehra, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
09:01 (IST) 4 May 2023 Nifty likely to remain in range of 18000-18200
“On the daily chart, a small red-bodied candle has formed. The sentiment remains positive as the Nifty has sustained above 18000. Over the short term, the index is likely to remain in the range of 18000 and 18200. A decisive move above 18200, may take the index towards 18500,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
09:01 (IST) 4 May 2023 Nifty may likely consolidate
“The hourly Bollinger bands are contracting, and the hourly momentum indicator has a negative crossover which suggests consolidation is likely. Overall, the uptrend is still intact, and this consolidation should be taken as an opportunity to create fresh long positions. On the downside Nifty’s crucial support zone is placed at 18000–17960 while the gap area formed yesterday between 18115–18130 shall act as an immediate hurdle zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
09:01 (IST) 4 May 2023 Nifty major resistance placed at 18175-18250
“Nifty’s immediate support range is 18100 to 18040 and if this breaks down and sustains below this level, the next important support level is 17970. 18175 and 18250 will be major resistance points for buyers and if this level breaks out and the price sustains above this level, our next resistances will be 18320/18415,” said V.L.A. Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT).
Share Market Outlook Today
09:00 (IST) 4 May 2023 Uptrend may continue if Nifty holds above 18200 on closing basis
“If Nifty holds above the 18200 level on a closing basis, it should continue to trend upwards. The major resistance is at the 18200 level. While on the downside, support is placed at 18,000, followed by 17,860 & 17700,” said Rohan Shah, head technical analyst at Stoxbox.
Share Market Outlook Today
09:00 (IST) 4 May 2023 Bulls may lead till Nifty holds 17770
“Nifty has a critical supply zone at 18181–18230, where we can expect some pullback, but bulls will remain in the driver’s seat till the Nifty holds the 17770 level,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Share Market Outlook Today
08:36 (IST) 4 May 2023 Nifty, Bank Nifty intraday trading strategy
Nifty 50: Range of 18,000 to 18,200 for the day; no directional cues.
Bank Nifty: BN data is relatively better. Look to buy on dips around 43,000
– Rahul Sharma, Director, JM Financial
08:33 (IST) 4 May 2023 Nifty 50, Bank Nifty: What options data show
Nifty 50 options data is bearish with support at 18,000, and PCR (put-call ratio) at 1.02. Open interest on Nifty 50 remained flat, with higher volumes.
Bank Nifty options data is bullish, with PCR at 1.09. Open interest in Bank Nifty remained flat, higher volumes.
– Rahul Sharma, Director, JM Financial
08:27 (IST) 4 May 2023 Nifty 50 – Possibility of minor weakness in next 1-2 sessions
The short-term trend of Nifty seems to have cooled off after a decent upside movement. There is a possibility of further consolidation or minor weakness for the next 1-2 sessions before showing upside bounce from the higher lows. Immediate support is at 17900 levels. – HDFC Securities
08:27 (IST) 4 May 2023 Buy on dips opportunity in Nifty 50? Index forming higher top, higher bottom
The bullish sequence of higher tops and bottoms is intact and Tuesday’s high of 18180 levels could now be considered as a new higher top of the sequence. Present minor weakness or consolidation movement could end up with the formation of another higher bottom at the lows. Hence, the present weakness with range movement could be a buy on dips opportunity. – HDFC Securities
08:26 (IST) 4 May 2023 Nifty 50 – Check support, resistance levels
The support for the Nifty is placed at around 18,000 – 17,950 levels and resistance is capped at 18,250 – 18,300 levels. In case the Nifty breaches below 17,950 levels then 17,800 will be the next support zone. – SAMCO Securities
08:25 (IST) 4 May 2023 Nifty 50 – Data suggests sideways action
Open Interest data suggesting sideways action for now, 18,100 and 18,200 are major hurdles, and 18,000 important support selling options for range as of now. Nifty has now offset the bearish implication of Engulfing pattern formed on the weekly chart in the previous week. – SAMCO Securities
08:24 (IST) 4 May 2023 Nifty 50 – Profit booking can’t be ruled out
Nifty has rallied more than 500 points in the last 6 trading sessions without giving any meaningfull correction. Oscillators in a lower time frame have reached the overbought zone and a profit booking at the current level cannot be ruled out. – SAMCO Securities
08:23 (IST) 4 May 2023 Asian Markets bounce
Hong Kong’s Hang Seng jumped as much as 1.3% to 19960 points on Thursday morning, shortly after a muted opening. China’s Shanghai Composite was trading up 0.7% to 3345 points, bouncing from the red earlier in the morning. Japan’s Nikkei 225 remained closed on Thursday.
08:01 (IST) 4 May 2023 Asian markets trade in red
Asian markets were trading mostly in red, with South Korea’s KOSPI falling 0.57%, China’s Shanghai Composite Index dropping 0.20% and Hong Kong’s Hang Seng rising 0.25%. Japan’s Nikkei 225 remained closed on Thursday.
08:01 (IST) 4 May 2023 US indices end in red
The US market ended the overnight session in red after US Fed hiked interest rate by 25 bps– Dow Jones Industrial Average (DJIA) tanked 0.8%, S&P 500 plunged 0.7% and the tech-heavy Nasdaq tumbled 0.46%.
07:59 (IST) 4 May 2023 SGX Nifty trades in red
The Nifty futures on the Singapore Exchange (SGX) were trading 57 points or 0.32% lower at 18,103 in today’s early morning trade.