Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s volatile session in the red territory. The NSE Nifty 50 fell 129.00 or 0.74% to 17,321.90, BSE Sensex tanked 501.73 or 0.84% to 58,909.35 and the banking index Bank Nifty slipped 308.35 pts or 0.76% to 40,389.80. The top gainers on Nifty 50 were Adani Ports, Coal India, BPCL, Adani Enterprises and Hero Motocorp while the losers were Maruti, Axis Bank, TCS, Tech Mahindra and Infosys.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:41 (IST) 2 Mar 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Ports, Coal India, BPCL, Adani Enterprises and Hero Motocorp while the losers were Maruti, Axis Bank, TCS, Tech Mahindra and Infosys.
15:40 (IST) 2 Mar 2023 Bank Nifty settles below 40400
Bank Nifty slipped 308.35 pts or 0.76% to 40,389.80.
15:40 (IST) 2 Mar 2023 Nifty, Sensex settle in red
The NSE Nifty 50 fell 129.00 or 0.74% to 17,321.90 and BSE Sensex tanked 501.73 or 0.84% to 58,909.35.
15:20 (IST) 2 Mar 2023 SEBI bans Arshad Warsi, Maria Goretti, Youtuber Manish Mishra, channel Moneywise in Sadhna stock pump & dump
The Securities and exchange board of India has banned 31 individuals including Arshad Warsi and his wife Maria Goretti Warsi from buying, selling or dealing in securities for manipulating shares of Sadhna Broadcast by uploading misleading videos on YouTube. Capital markets regulator SEBI said that promoters of Sadhna Broadcast, and Arshad Warsi, along with Manish Mishra, the creator of youtube channels ‘Moneywise’ and ‘The Advisor’ recommended investors to buy the company shares, inflating its price and later dumped it.
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12:05 (IST) 2 Mar 2023 Adani stocks rise after major block deal; SC sets up panel to probe stock crash
Adani Enterprises shares were trading 1.21% higher at Rs 1583.15, Adani Ports and Special Economic Zone shares rose 0.44% to Rs 604.75, Adani Green Energy, Adani Transmission, Adani Power, Adani Wilmar shares hit the upper circuit, rising 5%. Adani Total Gas shares rose 2.42% to 728.90, Ambuja Cements shares were up 2.18% at 361.30, ACC shares were up 0.05 at Rs 1,769.50 and NDTV shares climbed 3.91% to Rs 207.45.
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09:27 (IST) 2 Mar 2023 Banking stocks expected to remain strong even amidst FII selling
“The major concern for global equity markets continues to be the rising bond yields in the US, which will act as a drag for FII inflows into emerging markets like India. Yesterday the US 10-year bond yield touched 4%. FIIs cannot be expected to turn buyers in this scenario. Investors should make a distinction between FII selling on rising interest rates in US and DII buying on improving prospects for the domestic economy. Domestic economy-facing stocks like banks, capital goods, cement, select autos and FMCG will continue to do well. Banking stocks are resilient and can be expected to remain strong even amidst FII selling,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:25 (IST) 2 Mar 2023 Top gainers/losers
The Top gainers on Nifty 50 were Bajaj Finserv, Larsen & Toubro, Hero Moto Corp, JSE Steel, Bajaj Finance and Tata Steel while the top losers were Adani Enterprises, Infosys, Maruti, Mahindra & Mahindra and TCS.
09:25 (IST) 2 Mar 2023 Bank Nifty jumps above 40750
Bank Nifty rose 66.70 pts or 0.16% to 40,764.85.
09:24 (IST) 2 Mar 2023 Nifty, Sensex open in red
The Nifty fell 17.90 pts or 0.10% to 17,433.00 and BSE Sensex dropped 33.6 pts or 0.06% to 59,377.48.
09:15 (IST) 2 Mar 2023 Bank Nifty may move towards 41000, support placed at 40400
“The Bank Nifty remained positive throughout the day following a consolidation breakout on the daily chart. During the day, it moved closer to the 14 DMA. The momentum oscillator RSI is in a bullish crossover. A double bottom formation on the daily RSI is likely to provide positive momentum in the space. On the higher end, it may move towards 41000. On the lower end, support is placed at 40400,” said Kunal Shah, Senior Technical Analyst at LKP Securities.
09:14 (IST) 2 Mar 2023 Bank Nifty key resistance level at 41000
“We can see a double bottom formation on the Banknifty, which indicates a possible short-term bottom. However, the 20-DMA near 41000 will be a key resistance level, and if it succeeds in breaking through it, we can anticipate a short covering move in the direction of the 41500-42000 region,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
09:14 (IST) 2 Mar 2023 Bank Nifty could witness strong recovery up to 41300-41500
“Bank Nifty has surpassed its previous three days’ resistance of 40400 and is currently trading at 40698.15. This week should witness a strong recovery up to 41300 to 41500 if Bank Nifty is able to hold onto 40700 in the next few days,” said Ameya Ranadive, CMT, CFTe, Equity Research Analyst Choice broking.
09:14 (IST) 2 Mar 2023 Bank Nifty support at 40661 and then 40381
“Bank Nifty continues to remain positive for our 41000 target. Bank nifty has support at 40661-40381 while resistance is placed at 41081-41222 range,” said Om Mehra, Equity Research Analyst, Choice Broking.
09:14 (IST) 2 Mar 2023 Nifty range of consolidation likely to be 17700–17200
“We believe that Nifty is oversold and the pullback can continue over the next few trading sessions. The range of consolidation is likely to be 17700 – 17200. In terms of levels, 17340 – 17300 shall act as a crucial support zone while 17550 – 17600 is the immediate hurdle zone for Nifty,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
09:14 (IST) 2 Mar 2023 Nifty broader trend remains bearish but minor pullback can be witnessed
“The Nifty index witnessed some buying momentum from the lower levels and managed to surpass the hurdle of 17,400 where a significant amount of call writing was visible. The index’s broader trend remains bearish but since we are in an oversold territory a minor pullback can be witnessed if the index sustains above 17,400. The index if it fails to surpass the level of 17,500 will again witness selling pressure,” said Rupak De, Senior Technical Analyst at LKP Securities.
09:13 (IST) 2 Mar 2023 Nifty significant upside obstacle at 17625-17750 levels
“Because of the market’s extreme oversold conditions on both the technical and derivative fronts, Nifty ends its eight-day losing streak. Nifty recovered its 200-DMA after a single day of decline, but 17625 and 17750 remain significant upside obstacles, and it must pass 17750 to show any real strength. Otherwise, it will continue to be vulnerable at higher levels,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
09:13 (IST) 2 Mar 2023 17350 would act as sacrosanct support zone for Nifty
“For the traders, 17350 would act as a sacrosanct support zone and above the same, the positive momentum is likely to continue till 17525-17600. On the other side, below 17350 uptrends would be vulnerable,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
09:13 (IST) 2 Mar 2023 Nifty 50 support at 17400, and then 17345
“Nifty first support placed at 17400 and second at 17345. The resistance is placed at 17463 and 17591. Nifty negated its lower high and lower low structure after 9 trading sessions forming a green bullish green candle. VIX melted down to 13. We expect Nifty to see follow-up buying/short covering today if we sustain above R1 of 17463 with a small hurdle at 17500,” said Rahul Sharma, JM Financial.
09:11 (IST) 2 Mar 2023 Nifty, Sensex end pre-open in red
Indices ended the pre-opening session in the red territory. The Nifty 50 fell 29.40 pts or 0.17 % to 17,421.50 and BSE Sensex was down 123.9 pts or 0.21% at 59,287.18.
08:10 (IST) 2 Mar 2023 US indices end lower
The US markets ended the overnight session mostly lower with S&P 500 falling 0.47%, Nasdaq dipping 0.66% while Dow Jones Industrial Average rose marginally by 0.02%.
08:10 (IST) 2 Mar 2023 Asian markets trade mixed
Asian markets were trading mixed with Japan’s Nikkei 225 falling 0.29%, Hong Kong’s Hang Seng tanking 1.06% while China’s Shanghai Composite index rose marginally by 0.02% and South Korea’s KOSPI climbed 0.27%.
08:10 (IST) 2 Mar 2023 SGX Nifty in red
The Nifty futures on the Singapore Exchange (SGX) were trading 62 pts or 0.35% lower at 17,457.50 in the early morning trade.