Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended the last trading session of the week deeply in the red, dragged by HDFC twins. The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29. In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 and Nifty Financial Services 455.5 points or 2.34% to 19,023.85. The top gainers on Nifty 50 were Titan, Maruti, UltraTech Cement, Nestle and Apollo Hospital while the losers were HDFC Bank, HDFC, IndusInd Bank, Hindalco and Tata Steel.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:13 (IST) 5 May 2023 Where is share market headed after Nifty ends below 18100, Bank Nifty under 42670
Benchmark indices NSE Nifty and BSE Sensex ended the last trading session of the week deeply in the red, dragged by HDFC twins. “Despite weak global markets, Indian equities remained resilient on the back of positive economic data, Healthy Q4FY23 results, and FIIs turning net buyers. FIIs bought more than Rs10k in the last six trading sessions. After the sharp rise in the last few days, Nifty is now consolidating around 18,000-18,200 zones. While the overall market structure remains positive, expect Nifty to consolidate in the near term on the back of subdued global cues and profit booking in index heavyweights. Next week market would also take cues from inflation, state election outcome and ongoing earning season,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
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15:42 (IST) 5 May 2023 Top gainers/losers
The top gainers on Nifty 50 were Titan, Maruti, UltraTech Cement, Nestle and Apollo Hospital while the losers were HDFC Bank, HDFC, IndusInd Bank, Hindalco and Tata Steel.
15:42 (IST) 5 May 2023 Bank Nifty crashes 1000 pts; Fin Nifty tanks 2.3%
In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 and Nifty Financial Services 455.5 points or 2.34% to 19,023.85.
15:41 (IST) 5 May 2023 Nifty, Sensex end deeply in red
The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29.
15:32 (IST) 5 May 2023 Traders can look for fresh shorts only if Nifty breaks the 18,000
“In the intraday session, after the gap-down opening, Nifty traded below 18,150 after making a day high of 18,216 in the afternoon session & remained down throughout the day; nifty traded in a narrow range with major losses in mid-afternoon trade. After gaining for six consecutive trading sessions, private bank stocks faced selling pressure. Intraday traders can look for long opportunities only above 18,320 if the closing comes above 18,320 in a 15 min chart. Traders can look for fresh shorts only if nifty breaks the 18,000 level & remains below for 15 min to ensure short,” said Rohan Shah, head technical analyst at Stoxbox.
15:18 (IST) 5 May 2023 Fin Nifty crashes 2.3%
Nifty Financial Services crashed 448.8 points or 2.3% to 19,030.55. The top losers on the index were HDFC Bank, HDFC, REC Ltd, Power Finance Corporation and ICICI Lombard General Insurance while the gainers were Cholamandalam Investment and Finance, Indian Energy Exchange, Muthoot Finance, ICICI Bank and SBI Life Insurance.
14:52 (IST) 5 May 2023 Volume gainers
ITI, Rane Engine Valve, Khandwala Securities, GeeCee Ventures, W S Industries (I), HLE Glascoat, Pokarna, Poddar Pigments, Restaurant Brands Asia, AGI Greenpac, TIPS Industries are among the volume gainers on the NSE index.
14:52 (IST) 5 May 2023 Stocks at 52-week lows
Alternatively, 7 stocks including BEML Land Assets, Orient Electric, Rushil Decor, Sadhana Nitrochem, Teamlease Services, Virinchi are at 52 week lows.
14:52 (IST) 5 May 2023 Stocks at 52-week highs
On the NSE Nifty, 82 stocks hit their 52 week highs including MRF, Dr. Reddy’s Laboratories, GRP, ABB India, Oracle Financial Services Software, ION Exchange (India), Siemens, Polycab India, Power Mech Projects, KEI Industries, Vindhya Telelinks, Data Patterns (India), PG Electroplast, KDDL, TVS Motor Company, Goodyear India, Carborundum Universal, Ador Welding, Sundram Fasteners, Aditya Birla Sun Life CRISIL Liquid Overnight ETF, Cholamandalam Investment and Finance Company, Cigniti Technologies, Surya Roshni, Ksolves India, Mrs. Bectors Food Specialities, Apollo Tyres, IHL, Mahindra & Mahindra Financial Services and ITC among others.
14:51 (IST) 5 May 2023 Price band hitters
On the NSE Nifty, 57 stocks hit their upper price band. Apollo Microsystems, Sanghi Industries, Rane Engine Valve, AGI Greenpac, Mirza International were among the scrips. 23 stocks hit their lower price band including Avro India, RS Software, Spacenet Enterprises. 8 scrips hit both bands.
14:51 (IST) 5 May 2023 Top gainers/losers
On the NSE Nifty index, the top winners are Titan, Maruti Suzuki, Adani Enterprises, L&T, UltraTech Cement, with Titan down 3.23%. The biggest laggards are HDFC Bank, HDFC, Tata Steel, Hindalco and UPL, with HDFC Bank lower by 5.4%.
14:42 (IST) 5 May 2023 HDFC twins, Adani Enterprises among most active equtites
HDFC Bank, HDFC, ICICI Bank, Adani Enterprises and Axis Bank are the most active Nifty 50 stocks intraday.
14:41 (IST) 5 May 2023 Sectoral indices trade mixed
The sectoral indices traded mixed as Nifty Media, Nifty Financial Services, Bank Nifty and Nifty Metal declined up to 1.5% while Nifty Consumer Durables gained 1.65% and Nifty Auto rose 0.75%.
14:41 (IST) 5 May 2023 Broader markets trade in red
The broader markets were largely red as Nifty Smallcap 50 dropped 0.66% while Nifty Midcap 50 was lower by 0.46%.
13:58 (IST) 5 May 2023 Bank Nifty tanks 1.6%
Bank Nifty tanked 695.65 points or 1.59% to 42,989.8. The top losers on the index were Federal Bank, HDFC Bank, IndusInd Bank, AU Bank and Bandhan Bank while the gainers were ICICI Bank, Axis Bank, SBIN and Kotak Bank.
13:55 (IST) 5 May 2023 Gold trades flat
Gold rate is trading flat on Friday, while the silver rate is up 0.23%. On Multi Commodity Exchange, gold June futures were trading at Rs 61,469 per 10 grams, down Rs 24 or 0.04%. Silver May futures were trading higher by Rs 182 at Rs 78,220 per kg on MCX.
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13:00 (IST) 5 May 2023 Adani Ports shares jump over 1%
Adani Ports & Special Economic Zone shares jumped 1.37% to Rs 688.9 after the company said that it has concluded the Myanmar Port sale for a total consideration of $30 million.
11:55 (IST) 5 May 2023 MCX gold at all-time highs, difficult to predict future levels
Gold bulls heard what they were waiting for. After 10 consecutive rate hikes the Fed signaled that they may finally enact a pause of further rate increases at the next FOMC meeting in June. According to the CME’s FedWatch tool, there is a 79.5% probability that the Federal Reserve will pause at its June FOMC meeting and maintain its current benchmark rate between 5% and 5.25%. Gold futures which were trading in range of $1980 to $2020 prior to the event broke out from the range and are now flirting near record high in COMEX. It had already hit a high of $2085.40 briefly before retracing back around $2040. In MCX, it has already breached record high levels.
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11:35 (IST) 5 May 2023 Tata Power share price falls nearly 1%
Tata Power share price fell 0.83% to Rs 202.05 despite the company posting 48.58% rise in consolidated net profit to Rs 939 crore for the fourth quarter ended March, beating Street estimates, led by growth across all its business verticals. The board of directors recommended a final dividend of Rs 2 per equity share.
10:49 (IST) 5 May 2023 HDFC, HDFC Bank share prices tank up to 6%
HDFC and HDFC Bank fell up to 5% and 6% respectively, dragging domestic indices BSE Sensex and NSE Nifty. HDFC share prices hit a low of Rs 2,718, while HDFC Bank declined to touch an intraday low of Rs 1,626.2 per share.The HDFC twins tanked on suggestions made by a Nuvama report that following the merger of the private lenders, MSCI “intends to add HDFC BANK to the large cap segment of MSCI Global Standard Indexes.” This would not lead to any incremental inflows, instead would result in outflows of up to $200 million.
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09:46 (IST) 5 May 2023 Adani Enterprises share price surges 1%
Adani Enterprises share price jumped 1.1% today or Rs 20.95 to Rs 1,932.2 after the Gautami Adani-led company’s net profit surged 137.4% on-year to Rs 722.48 crore in Q4FY23 as against Rs 304.32 crore in the same quarter last year. Adani Enterprises shares have risen 13% in the past one month while the stock has fallen 50% in the last 6 months. Meanwhile, the benchmark equity indices, NSE Nifty 50 and BSE Sensex tanked over half a percent in the early morning trade on Friday.
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09:26 (IST) 5 May 2023 Top gainers/losers
The top gainers on Nifty 50 were ICICI Bank, Adani Enterprises, Larsen & Toubro, Nestle India and Axis Bank while the losers were HDFC, HDFC Bank, IndusInd Bank, Hindalco and Dr Reddy.
09:25 (IST) 5 May 2023 Bank Nifty below 43420, Fin Nifty tumbles 1.2%
In sectoral indices, Bank Nifty plunged 273.05 points or 0.63% to 43,412.4 and Nifty Financial Services tumbled 241.6 points or 1.24% to 19,237.75.
09:25 (IST) 5 May 2023 Nifty, Sensex open deeply in red
The NSE Nifty 50 fell 107.9 points or 0.59% to 18,147.9 and BSE Sensex tanked 377.02 points or 0.61% to 61,372.23.
09:05 (IST) 5 May 2023 Settlement holiday today
Stock exchange clearing houses mark settlement holiday on Friday, 5 May, on account of Buddha Purnima. Trades executed in the Equity and Derivative segment on 4 and 5 May will be settled on 8 May. Although any shares purchased on 4 May will appear in T1 holdings on 5 May, selling them won’t be possible until 8 May. The next settlement holiday is on 28 June, due to Bakri Eid celebrations, which also marks a trading holiday.
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09:04 (IST) 5 May 2023 Manappuram Finance, GNFC under F&O ban today
The National Stock Exchange has Manappuram Finance and GNFC securities on its F&O ban list for 5 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.
09:03 (IST) 5 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 1,414.73 crore, while domestic institutional investors (DII) purchased shares worth net Rs 441.56 crore on May 4, according to the provisional data available on the NSE.
09:02 (IST) 5 May 2023 Crude prices trade flat
Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 14 cents, or 0.2%, to $72.64 a barrel at 0002 GMT, while U.S. West Texas Intermediate was up 17 cents, or 0.3%, at $68.73 a barrel after four straight days of losses.
09:01 (IST) 5 May 2023 Bank Nifty major resistance at 44000-44030
“Bank Nifty levels of 43550-43480 will act as immediate support. If this breaks down the next support level is 43490 (Ideal in case of flat or slightly gap opening). Resistance is seen at 43800, 43865, 43920 and if the price shows strength above 43920 also next target and major resistance will be at 44000-44030,” said Ashish N. Ambala, Sr, Technical Analyst at Stock Market Today.
Share Market Outlook Today
09:01 (IST) 5 May 2023 Bank Nifty potential target placed at 44000/44300
“Bank Nifty index continued its strong momentum on the upside and surpassed the immediate hurdle of 43,500. The index remains in a strong buying momentum and one should keep a buy-on dip approach with potential targets of 44,000/44,300 on the upside. The lower-end support is at the 43,400-43,300 zone which will act as a cushion for the bulls,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities.
Share Market Outlook Today
09:01 (IST) 5 May 2023 Bank Nifty expected to remain bullish asa long as it holds above 43500
“Bank Nifty trend for the coming week is expected to be sideways to bullish with the possibility of a new all-time high as bulls are in control. Important support zones for the index are around 43500, 43350 and 43200 whereas the resistance is placed at 43700, 43850 and 44000 above which it will start moving towards new highs. Till the time the index is above 43500, it is expected to remain bullish as options data is indicating strength,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
Share Market Outlook Today
09:01 (IST) 5 May 2023 Bank Nifty resistance placed at all-time high levels of 44150-44300
“Bank Nifty outperformed the markets, remaining above 43500 and closing at 43700, with HDFCBANK and HDFC closing at new highs. The index has support at 43100-43300 while resistance is placed at the all-time high levels of 44150-44300 range,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
09:00 (IST) 5 May 2023 Bank Nifty first support at 43337 and then 43034
Bank Nifty first support at 43337 and then 43034 and resistance at 43819 and then 43998, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
09:00 (IST) 5 May 2023 Nifty may face resistance at 18310,18420 and 18470
“Nifty may soon target 18500 (May Expiry). Nifty’s immediate support range is 18150-18120 and if this breaks it down and sustains below this level, the next imp support level is 18070 & 18030. In this uptrend’s movement, Today Nifty will face resistance at 18310,18420 and 18470,” said V.L.A. Ambala, (SEBI Registered Research Analyst), Stock Market Today.
Share Market Outlook Today
08:59 (IST) 5 May 2023 Nifty expected to continue to rise until above 18300
“Nifty will continue its upward movement if it stays above the 18300 level on a close basis. If Nifty rises above 18,300 and closes above that level, it has a probable target of 17,500 to 17,600 and could go higher. Therefore, the index is expected to continue rising until above 18300. On the downside, the support is at 18,000 followed by 17,860 and 17,700,” said Rohan Shah, head technical analyst at Stoxbox.
Share Market Outlook Today
08:59 (IST) 5 May 2023 Nifty current rally may extend towards 18500
“Nifty current uptrend might remain in force as long as it sustains above 18200. On the higher end, the rally might extend towards 18500,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
08:59 (IST) 5 May 2023 If Nifty breaches below 18000 levels then next support will be 17800
“We will consider buying the Nifty on every dip as the trend is our friend and presently the trend is on the higher side. The support for the Nifty is placed at around 18,050 – 18,000 levels and resistance is capped at 18,400 – 18,450 levels. In case the Nifty breaches below 18,000 levels, than 17,800 will be the next support zone,” said Rohan Patil, Technical Analyst, SAMCO Securities.
Share Market Outlook Today
08:59 (IST) 5 May 2023 Nifty may march towards 18350–18500
“Nifty has managed to confirm a decisive breakout above 18200, we are well poised to continue this march towards the next junction of 18350 – 18500. On the flip side, 18100 – 18000 has become a sacrosanct support zone now,” said Sameet Chavan, Head Research, Technical, and Derivatives, Angel One Ltd.
Share Market Outlook Today
08:58 (IST) 5 May 2023 Nifty outlook remains positive
“Nifty outlook is positive and levels of support moved from 17450 to 17820 and are now at 17950. The volume profile indicates Index has strong support around the 17950-18050 zone. Coming to the OI Data, on the call side, the highest OI observed at 18400 followed by 18500 strike prices while on the put side, the highest OI is at 18200 strike price,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
08:58 (IST) 5 May 2023 Nifty immediate hurdle lies at 18350–18370
“The low of 18042 made on 3rd May 4, 2023, shall act as a crucial support level and as long as the nifty manages to hold above this level it is likely to keep stretching higher. On the upside the immediate hurdle lies at 18350 – 18370 where the weekly upper Bollinger band is placed. In terms of levels, 18074 – 18050 shall act as a crucial support zone while 18350 – 18370 is the immediate hurdle zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
08:58 (IST) 5 May 2023 Nifty first support at 18130 and then 18400
“Nifty weekly close above 18100 today should catapult us towards the next target of 18600 in the coming weeks and a new all-time high by June. Look to buy dips if any. First support at 18130 and then 18400 while resistance at 18300 and 18400,” said Rahul Sharma, JM Financial.
Share Market Outlook Today
08:12 (IST) 5 May 2023 US indices end in red
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) tanked 0.86%, S&P 500 plunged 0.72% and the tech-heavy Nasdaq tumbled 0.49%.
08:11 (IST) 5 May 2023 Asian markets trade in green
Asian markets were trading in green – Hong Kong’s Hang Seng jumped as much as 1.05% to 20151 points on Friday morning. China’s Shanghai Composite was marginally down 0.3%. South Korea’s KOSPI and Japan’s Nikkei 225 remained closed on Friday.
08:11 (IST) 5 May 2023 SGX Nifty in red
The Nifty futures on the Singapore Exchange (SGX) were trading 31 points or 0.17% lower at 18,253.5 in today’s early morning trade.