Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s volatile session in green territory. The NSE Nifty 50 rose 15 pts or 0.08% to 17,827.40, BSE Sensex increased 38.23 pts or 0.06% to 60,431 and Bank Nifty surged 574.60 pts or 1.38% to 42,132.55. The top gainers on Nifty 50 were IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospital and Power Grid while the top losers were Infosys, Tech Mahindra, HCL Tech, NTPC and TCS.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:39 (IST) 13 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospital and Power Grid while the top losers were Infosys, Tech Mahindra, HCL Tech, NTPC and TCS.
15:39 (IST) 13 Apr 2023 Bank Nifty closes above 42100
Bank Nifty surged 574.60 pts or 1.38% to 42,132.55.
15:39 (IST) 13 Apr 2023 Nifty, Sensex end in green
The NSE Nifty 50 rose 15 pts or 0.08% to 17,827.40, BSE Sensex increased 38.23 pts or 0.06% to 60,431
14:34 (IST) 13 Apr 2023 Sugar stocks rise as production drops due to unseasonal rainfall
Sugar stocks have been rising for the past few days as sugar production fell 3% amid increased demand in the summer season. Due to unseasonal rainfall in some parts of India, production has dropped and many mills that keep crushing sugarcane by June or July, until the monsoon arrives, have wrapped up operations early, according to reports. On Thursday, sugar stocks were trading mixed but they have risen over 5% in the last two weeks. Gayatri Sugars surged 10% today, Dhampure Splty. Sugar rose 5% while Balrampur Chini Mill, E.I.D. Parry, Uttam Sugar Mills, Dalmia Bharat Sugar and Shree Renuka Sugar stocks fell up to 3% as the benchmark indices Nifty 50 and Sensex continued to trade in the red.
Will Sugar stocks rally in this hot quarter?
13:09 (IST) 13 Apr 2023 Volume Gainers
Jocil, Bhagiradha Chemicals & Industries, Inspirisys Solutions, AU Small Finance Bank, Reliance Home Finance, United Polyfab Gujarat, Hindcon Chemicals, Gujarat Alkalies and Chemicals, Hardwyn India, Kabra Extrusion Technik, Madras Fertilizers and Graphite India are among the volume gainers on the NSE index.
13:09 (IST) 13 Apr 2023 Stocks that hit 52-week lows
Alternatively, 9 stocks hit 52-week lows including Lorenzini Apparels, PNB Housing Fin, Securekloud Technologies, Eastern Silk Industries, SEPC Ltd, Seya Industries, SVP Global Textiles and Vikas Lifecare.
13:09 (IST) 13 Apr 2023 Stocks that hit 52-week highs
On the NSE Nifty, 44 stocks hit their 52-week highs including Choice International, Anupam Rasayan India, Apar Industries, Data Patterns, Godrej Consumer Products, Housing Development Finance Corporation, Indiamart Intermesh, JB Chemicals & Pharmaceuticals, Max Healthcare Institute and Zydus Lifesciences.
13:08 (IST) 13 Apr 2023 Price band hitters
On the NSE Nifty, 71 stocks hit their upper price band. ABM International, Ace Integrated Solutions, Arrow Greentech, Arvee Laboratories and DB Realty were among the scrips. 24 stocks hit their lower price band including Forth Dimension Solutions, Binani Industries, Bodhi Tree Multimedia, Indostar Capital Finance and Lorenzini Apparels. Additionally, 15 scrips hit both bands.
13:08 (IST) 13 Apr 2023 Top gainers/losers
Apollo Hospital, Eicher Motors, HDFC Life, Britannia, Bajaj Finserv, Asian Paints, ONGC, Power Grid, Hindustan Unilever, Tata Motors and Bajaj Finance were the top gainers on Nifty 50 while Infosys, Tech Mahindra, HCL Tech, Larsen & Toubro, BPCL, NTPC, Wipro, TCS, Tata Steel and Hero MotoCorp were the losers.
13:08 (IST) 13 Apr 2023 TCS, Infosys most active Nifty equities
AU Bank, ICICI Bank, HDFC Bank, Infosys, TCS, Axis Bank, Reliance Industries, HDFC and SBI were the most active Nifty equities.
13:07 (IST) 13 Apr 2023 Nifty IT falls 2.5%
Sectorally, Nifty IT tanked 2.5% while Nifty Pharma and Auto rose 0.18% and 0.10% respectively. Bank Nifty was trading below 41650 .
13:07 (IST) 13 Apr 2023 Broader indices trade mixed
The broader indices were trading mixed with Nifty Small Cap 100 and Midcap 100 gaining 0.15% while the Nifty 100 fell 0.13%.
11:29 (IST) 13 Apr 2023 BASIC Home Loan reaches Rs 10,000 cr annualized disbursement rate
BASIC Home Loan, a Series-A funded fintech startup, reached an annualized disbursement rate of Rs 10,000 crores and enabled gross disbursement of home loans worth Rs 900 crores as of March 2023. With new buyers entering the market and a demand for home loans rising, this is a 500% annual growth in loan disbursements from 2022. The company has also hit EBITDA-level profitability with an ARR of Rs 125 crores in March this year. Having partnered with over 60 banks, HFCs and NBFCs, the company has cumulatively processed home loan applications worth US$3.5 billion in 2023, an increase of 600% in the number of loan applications in 2022.
10:14 (IST) 13 Apr 2023 Bank Nifty immediate supply zone at 41700–42000
“Bank Nifty is outperforming, however, 41700–42000 is an immediate supply zone; above this, we can expect a rally toward the 42600–43000 zone. On the downside, 41000–40600 is a strong demand zone,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Share Market Outlook Today
10:13 (IST) 13 Apr 2023 Bank Nifty support stands at 41500–41400
“Bank Nifty index continued its strong upward momentum and surpassed the immediate hurdle of 41,500. The index remains in buy mode and is likely to achieve the target of 41,800-42,000 levels on the upside where fresh call writing is visible. The index downside support stands at 41,500-41,400 levels and as long as this support is not breached on a closing basis the trend remains positive,” said Kunal Shah, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
10:13 (IST) 13 Apr 2023 Bank Nifty long above 41670 for the target of 42000
Bank Nifty 41500 resistance was taken out yesterday as markets showed no nervousness before the US CPI numbers. Bank Nifty long above 41670 for the target of 42000, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
10:13 (IST) 13 Apr 2023 Nifty rally may extend towards 17900–17970
“Nifty has remained above the channel breakout on the daily chart, suggesting a positive reversal. The daily momentum indicator RSI is in bullish crossover and rising. The market will remain a buy on dips as long as the index remains above 17700. On the higher end, the rally may extend towards 17900/17970,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
10:12 (IST) 13 Apr 2023 Nifty short-term target raised to 18000
“Nifty traded above the 20-week moving average (17789) and today if it manages to close above this level then it will further add to the bullishness. For current long positions, one can keep it at 17700, which is around yesterday’s low. As the short-term target of 17800 has been achieved we have raised it to 18000,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
10:12 (IST) 13 Apr 2023 Nifty sacrosanct level placed at 200-SMA around 17500
“Going with the current broad-based buying and momentum, we expect this northward journey to continue; whereas the next set of resistance is seen at the psychological level of 18000 followed by the next swing high of 18137. Going ahead, the immediate support zone is visible around 17700 – 17650; whereas the sacrosanct level is placed at 200-SMA around 17500,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
10:11 (IST) 13 Apr 2023 Nifty immediate demand zone at 17700–17650
“Nifty managed to close above 17800 and end the lower highs structure, which is an encouraging sign for the bulls. A 100-DMA of 17880 is an immediate hurdle, and 18100–18200 is the next target area. On the downside, 17700–17650 is an immediate demand zone, and 17500 is the next important support level,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Share Market Outlook Today
10:11 (IST) 13 Apr 2023 Nifty first support at 17748 and then 17717
Nifty undertone remains bullish as long as it trades above 17800. Nifty first support at 17748 and then 17717 while resistance at 17825 and 18000, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
10:10 (IST) 13 Apr 2023 Infosys share price slips 2% ahead of Q4FY23 earnings
IT major Infosys’ share price tanked 1.77% in early trade on Thursday to Rs 1,402.95 per share ahead of its Q4FY23 earnings report. The firm’s share price gained 1.63% in trade on Wednesday, closing at Rs 1,429 per equity share. The company is projected to report moderate growth figures for the quarter concluded in March, both in terms of constant currency (CC) and USD. Experts anticipated that the IT major will be impacted by the usual seasonal slowdown and uncertain macroeconomic conditions.
Read full story
10:09 (IST) 13 Apr 2023 TCS shares fall over 1% after Q4 net profit misses market estimates
TCS shares price fell 1.21% to Rs 3202.80 on Thursday after the IT giant’s net profit in the fourth quarter missed market estimates. Tata Consultancy Services’ fiscal fourth-quarter net profit came in at Rs 11,392 crore, up 5% from the previous quarter. Revenue was recorded at Rs 59,162 crore in the fiscal fourth quarter, rising just about 1.6% from the previous quarter’s Rs 58,229 crore. The quarter’s operating margin was 24.5% and the net margin was 19.3%. TCS declared a final dividend of Rs 24 per share, taking its total dividend payout for the financial year 2022-23 to Rs 107 per share.
Should you buy, hold or sell?
09:23 (IST) 13 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were Apollo Hospital, Britannia, HDFC Life, ONGC and Mahindra & Mahindra while the top losers were IndusInd Bank, Tech Mahindra, Infosys, HCL Tech and TCS.
09:23 (IST) 13 Apr 2023 Bank Nifty falls below 41550
Bank Nifty dropped 36.75 pts or 0.09% to 41,521.20.
09:23 (IST) 13 Apr 2023 Nifty, Sensex open in red
The NSE Nifty 50 fell 35.10 pts or 0.20% to 17,777.30 and BSE Sensex dipped 114.2 pts or 0.19% to 60,278.57.
09:15 (IST) 13 Apr 2023 Balrampur Chini Mills, Delta Corp under F&O ban today
The National Stock Exchange has Balrampur Chini Mills and Delta Corp securities on its F&O ban list for 13 April. 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.
09:14 (IST) 13 Apr 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth a net Rs 1,907.95 crore, while domestic institutional investors (DII) sold equities worth a net Rs 225.22 crore on 12 April, according to the provisional data available on the NSE.
09:14 (IST) 13 Apr 2023 Crude prices fall
Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a U.S. recession and weaker oil demand. Brent crude fell 19 cents, or 0.2%, at $87.14 a barrel by 0116 GMT, while U.S. West Texas Intermediate slid 16 cents, or 0.2%, to $83.10.
09:13 (IST) 13 Apr 2023 Nifty could rally till 17900-17925 if it holds above 17725
The market consistently formed higher high and higher low series formations on intraday charts which is largely positive and It also formed a bullish candle on daily charts that indicates the continuation of an uptrend in the near future. However, on intraday charts, the market texture is mildly overbought hence level based trading would be the ideal strategy for short-term traders. For the day traders now, 17725/60100 would be the key support level for Nifty and Sensex, above which, the market could rally till 17900-17925/60700-60800. On the flip side, below 17725/60100 a quick intraday correction is possible. Below the same, the indices could retest 17650-17625/59800-59700.
Top stocks to buy
09:12 (IST) 13 Apr 2023 Nifty, Sensex end pre-open flat
Domestic indices ended the pre-opening session flat. The NSE Nifty 50 fell 5.10 pts or 0.03% to 17,807.30 and BSE Sensex dipped 28.36 pts or 0.05% to 60,364.41.
08:16 (IST) 13 Apr 2023 US indices conclude in red
The US market ended the overnight session in red – Dow Jones Industrial Average fell 0.11%, S&P 500 tumbled 0.41% and the tech-heavy Nasdaq plunged 0.85%.
08:15 (IST) 13 Apr 2023 Asian markets trade mixed
Asian markets were trading mixed, with Japan’s Nikkei 225 rising 0.08%, China’s Shanghai Composite climbing 0.08%, South Korea’s KOSPI advancing 0.07% and Hong Kong’s Hang Seng falling 0.86%.
08:15 (IST) 13 Apr 2023 SGX Nifty trades lower
The Nifty futures on the Singapore Exchange were trading 16 pts or 0.09% lower at 17,863.50 in the early morning trade.