Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Friday’s session in the green territory. The NSE Nifty 50 surged 149.95 points or 0.84% to 18,065 and BSE Sensex skyrocketed 463.06 points or 0.76% to 61,112.44. In sectoral indices, Bank Nifty jumped 233.05 points or 0.54% to 43,233.9 and Nifty IT advanced 352.95 points or 1.29% to 27,708.2. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, Nestle India, Wipro and Britannia while the losers were Axis Bank, Titan, ONGC, JSW Steel and Cipla.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:13 (IST) 28 Apr 2023 Where is share market headed?
Benchmark indices NSE Nifty and BSE Sensex ended Friday’s session in the green territory. “Despite concerns about potentially weaker US GDP numbers and high inflation, the stronger-than-expected earnings reported by Meta propelled IT stocks to the forefront of the Wall Street rally. The trend was reflected in the domestic market, as beaten-down IT stocks helped to lift broader market sentiment. However, with US inflation remaining high, the prospect of another rate hike by the Fed is looming, keeping global markets volatile in the coming days,” said Vinod Nair, Head of Research at Geojit Financial Services.
Check Nifty, Bank Nifty’s support, resistance
15:40 (IST) 28 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, Nestle India, Wipro and Britannia while the losers were Axis Bank, Titan, ONGC, JSW Steel and Cipla.
15:39 (IST) 28 Apr 2023 Bank Nifty ends above 43200; IT jumps over 1%
In sectoral indices, Bank Nifty jumped 233.05 points or 0.54% to 43,233.9 and Nifty IT advanced 352.95 points or 1.29% to 27,708.2.
15:39 (IST) 28 Apr 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 149.95 points or 0.84% to 18,065 and BSE Sensex skyrocketed 463.06 points or 0.76% to 61,112.44.
15:00 (IST) 28 Apr 2023 Nifty PSU Bank jumps nearly 2%
Nifty PSU Bank jumped 72.95 points or 1.79% to 4,140.95. The top gainers on the index were PSB, UCO Bank, Central Bank, IOB and PNB while there were no losers.
13:27 (IST) 28 Apr 2023 Bank Nifty trades below 43000
Bank Nifty dipped 27 points or 0.06% to 42,973.5. The top gainers on the index were PNB, AU Bank, IDFC First Bank, SBI and Kotak Bank while the top losers were Axis Bank, ICICI Bank, IndusInd Bank and HDFC Bank.
13:08 (IST) 28 Apr 2023 Nifty could re-capture the psychological 18,000 mark
“Going by the recent uptrend, there are chances that the Nifty could re-capture the psychological 18,000 mark. FII buying of local shares has also continued and they bought shares to the tune of Rs 1,653 crore in yesterday’s trades, while sluggish crude oil below $80 a barrel bodes well for India’s economy. However, with the global macroeconomic scenario still looking extremely bleak and local markets having run sharply in recent sessions, profit-taking could be on the cards going ahead,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
12:51 (IST) 28 Apr 2023 Mankind Pharma’s financial performance reveals there is good runway for growth
“Mankind Pharma is India’s fourth-largest pharmaceutical company in domestic Sales and third-largest in sales volume in December 2022. Domestic Sales comprise 97.60% of total revenue for the Financial Year 2022, growing at 1.3 times the growth rate of the IPM between the Financial Year 2020 and December 2022. The Company has a substantial share of Domestic Sales in Class II-IV cities and rural markets. The company reported an EBITDA margin of 25.75% EPS of Rs 35.78, ROCE of 25.50% and ROE 25.99% as of March 31, 2022. After the recent year’s financial performance, there is a good runway for growth,” said Palka Arora Chopra, Senior Vice President, Mastertrust.
12:00 (IST) 28 Apr 2023 Bank Nifty needs to hold 42500 to extend move towards 43750-44150
“Rollover in Bank Nifty stood at 81.7%, which is lower than its quarterly average of 86.2% but overall buying interest is going to keep the positive trigger intact. Bank Nifty needs to hold 42500 zones to extend this move towards 43750 and life time high of 44150 zones,” said analysts at Motilal Oswal.
11:58 (IST) 28 Apr 2023 Nifty should hold above 17777 to witness up move towards 18181-18500
“Considering overall derivatives activity, we are expecting an overall positive direction for Nifty as we head into the May series. Now it has to hold above 17777 zones to witness an up move towards 18181 and 18500 zones while on the downside supports are placed at 17550 and 17442 marks,” said analysts ate Motilal Oswal.
11:53 (IST) 28 Apr 2023 Gold looks vulnerable in short term; All eyes on US FOMC meeting
Gold market has been trading in the range of 59500-60400 for the past 8 trading sessions. The biggest catalyst for the gold market would be the FOMC meeting on 3rd May. Today’s PCE will also be very important as it is Fed’s preferred indicator for inflation. Yesterday US GDP growth came lower than expected but the closely watched PCE price index of the GDP data came in hot at up 4.2%; it was expected to be up 3.7%. This prompted US monetary hawks to reiterate that Fed will keep up the rates to choke off inflation.
Read full story
11:52 (IST) 28 Apr 2023 Gold under 60000 level, headed for monthly gain
Gold rate is trading in the negative territory on Friday, while the silver rate is up 0.07%. On Multi Commodity Exchange, gold June futures were trading at Rs 59,759 per 10 grams, down Rs 142 or 0.24%. Silver May futures were trading lower by Rs 52 at Rs 75,228 per kg on MCX.
Gold Price Today, 28 April
11:28 (IST) 28 Apr 2023 What stocks Rekha Jhunjhunwala, Vijay Kedia, Sunil Singhania, others are buying, selling?
Many people are familiar with the concept of a diversified portfolio. Investors often pick stocks based on the portfolio of big sharks. From Rekha Jhunjhunwala to Mukul Agrawal, Sunil Singhania and Vijay Kedia, investors keep a close eye on the investments of these sharks. Though it is a high-reward investing strategy it is not without risks, and investors need to manage their risks appropriately to avoid significant losses. With analysts predicting a bright future for the Indian markets, let’s look at the portfolio of these big sharks.
Big shark portfolios
11:13 (IST) 28 Apr 2023 Nifty expected to head into18200-300 or even 18600 region
“The abundance of bullish continuation patterns had encouraged us to set aside collapse fears so far, and even raise our upside expectations from 17976 to 18300 yesterday. As we are at the upper extremity of a broadening declining wedge that has held prices throughout the year so far, the pace and breadth of moves are likely to change. We will begin this phase, by spotlighting 18110 as a point of vulnerability, which may be acted upon only if the subsequent turn lower extends beyond 17880. Else, expect the Nifty to head into the 18200-300 region or even 18600,” said Anand James, Chief Market Strategist at Geojit Financial Services.
10:16 (IST) 28 Apr 2023 Axis Bank share price tanks 2% after Q4 net profit tumbles on Citi Bank acquisition
Axis Bank share price tanked 1.86% to Rs 865.05 today after the bank posted a loss of Rs 5,728.42 crore in the January-March quarter due to the acquisition of Citibank India’s consumer business. The bank’s net interest income grew 33% on-year to Rs 11,742 crore, while the net interest margin (NIM) jumped 73 bps on-year to 4.22%. The board of directors of the bank has recommended a dividend of Rs 1 per share for FY23.
Should you buy, hold, sell Axis Bank stock?
09:50 (IST) 28 Apr 2023 Wipro share price jumps 3% after board OKs Rs 12,000 crore buyback
Wipro share price jumped 2.7% to Rs 384.5 today after the IT major’s board approved a buyback of up to Rs 12,000 crore of shares at a price of Rs 445 per share. The company’s net profit fell 10% to Rs 3,149 crore in Q4FY23 from Rs 3,524 crore in the same quarter last year. The IT major posted a revenue of Rs 23,190 crore in Q4FY23, up 11% from Rs 20,860 crore in the fourth quarter of FY22.
Should you buy, hold, sell Wipro stock?
09:26 (IST) 28 Apr 2023 Top gainers/losers
The top gainers on Nifty 50 were Wipro, Apollo Hospital, UPL, Adani Enterprises and Larsen & Toubro while the losers were ONGC, Bajaj Finserv, Hindustan Unilever, Axis Bank and Power Grid.
09:26 (IST) 28 Apr 2023 Bank Nifty, IT trade in green
In sectoral indices, Bank Nifty fell 33.7 points or 0.08% to 42,967.15 and Nifty IT climbed 223.55 points or 0.82% to 27,578.8.
09:25 (IST) 28 Apr 2023 Nifty, Sensex open in green
The NSE Nifty 50 rose 14.5 points or 0.08% to 17,929.55 and BSE Sensex gained 40.17 points or 0.07% to 60,689.55.
09:11 (IST) 28 Apr 2023 Nifty, Sensex end pre-open in green
Domestic indices ended the pre-opening session in green territory amid positive global cues. The NSE Nifty 50 rose 35.35 points or 0.2% to 17,950.40 and BSE Sensex climbed 72.23 points or 0.12% to 60,721.61.
08:51 (IST) 28 Apr 2023 Bank Nifty’s move above 43300 may induce rally towards 43600
“Over the short term, the trend in the banking space is likely to remain positive as long as Bank Nifty remains above 42600. On the higher end, immediate resistance is placed at 43300. A move above 43300 may induce a rally towards 43600 levels. On the downside, there are multiple supports in the range of 42600–42500 in the form of the 9-day moving averages and Conversion Line which shall provide a cushion in case of a fall,” said Ashish Katwa Research Analyst at Bonanza Portfolio Ltd.
Share Market Outlook Today
08:51 (IST) 28 Apr 2023 Bank Nifty might move towards 43300-43500
“On the daily chart, the Bank Nifty has remained above the consolidation breakout point. Besides, the index has remained above the critical moving average. On the higher end, Bank Nifty might move towards 43300/43500 over the near term. On the lower end, support is placed at 42750,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
08:50 (IST) 28 Apr 2023 Bank Nifty resistance placed at 43500-43700
“Bank Nifty is outperforming the markets, having breached 43000 on an intraday basis and closing at 43000.85, indicating strength. Bank Nifty has support at 42300-42500 while resistance is placed at 43500-43700 range,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
08:50 (IST) 28 Apr 2023 Bank Nifty first support at 42823 and then 42641
Bank Nifty first support at 42823 and then 42641 while resistance at 43111 and 43217, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
08:50 (IST) 28 Apr 2023 Nifty might move towards 18000-18100
“On the daily chart, the Nifty has given an inverted head and shoulder pattern, suggesting a bullish reversal. Besides, the index has remained above the critical moving average. On the higher end, Nifty might move towards 18000/18100 over the near term. On the lower end, support is placed at 17800,” said Rupak De, Senior Technical Analyst at LKP Securities.
Share Market Outlook Today
08:48 (IST) 28 Apr 2023 Nifty likely to target levels of 18100
“Nifty is likely to target levels of 18100 from a short-term perspective. On the daily charts, the momentum indicator has triggered a fresh positive crossover which is likely to provide speed to the current upmove. Thus, both price and momentum indicators are now in sync and suggest that the current rally is likely to continue. As long as the Nifty continues to trade above the 17720-17700 support zone we expect the positive momentum to continue,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
08:48 (IST) 28 Apr 2023 Nifty buy-on-dips strategy employed until 17700 is not breached
“The positional outlook is still good, and a buy-on-dips strategy will be employed until the important support level of 17700 on the downside is not breached. The volume profile indicates index has strong support around the 17700-17800 zone. Coming to the OI Data, on the call side, the highest OI observed at 18000 followed by 18100 strike prices while on the put side, the highest OI is at 17800 strike price,” said Deven Mehata, Equity Research Analyst at Choice Broking.
Share Market Outlook Today
08:47 (IST) 28 Apr 2023 Nifty may head towards 18500 in first half of May
“We can see the breakout getting confirmed and now Nifty would probably be eyeing the next cluster of 18000 – 18200 in the coming days. The financial space has played a vital role in it and if it continues, we will not be surprised to see Nifty even heading towards 18500 in the first half of the May series. As far as supports are concerned, the strong support is visible around 17800 – 17700; whereas the sacrosanct zone is placed at 17600 – 17550,” said analysts at Sameet Chavan, Head Research – Technical and Derivatives, Angel One Ltd.
Share Market Outlook Today
08:47 (IST) 28 Apr 2023 No stocks under F&O ban today
The National Stock Exchange has no securities on its F&O ban list for 28 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.
08:46 (IST) 28 Apr 2023 FII/DII data
Foreign institutional investors (FII) purchased shares worth a net Rs 1,652.95 crore, while domestic institutional investors (DII) purchased equities worth a net Rs 97.07 crore on 27 April, according to the provisional data available on the NSE.
08:45 (IST) 28 Apr 2023 Crude prices set for second weekly drop
Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16 cents, or 0.2%, as of 0156 GMT. That contract expires on Friday and the more active July contract was up 21 cents, or 0.3% at 78.43 a barrel. U.S. West Texas Intermediate (WTI) crude was up 23 cents, or 0.3%, at $74.99 a barrel.
08:43 (IST) 28 Apr 2023 Nifty first support at 17830 and then 17746
Nifty first support at 17830 and then 17746 while resistance at 17959 and 18004, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
08:04 (IST) 28 Apr 2023 US indices end in green
The US market ended the overnight session broadly higher– Dow Jones Industrial Average (DJIA) jumped 1.57%, S&P 500 surged 1.96% and the tech-heavy Nasdaq skyrocketed 2.43%.
08:03 (IST) 28 Apr 2023 Asian markets trade higher
Asian markets were trading in green with South Korea’s KOSPI rising 0.81%, Hong Kong’s Hang Seng jumping 1.18%, Japan’s Nikkei 225 surging 0.71% and China’s Shanghai Composite Index soaring 0.68%.
08:03 (IST) 28 Apr 2023 SGX Nifty in green
The Nifty futures on the Singapore Exchange (SGX) were trading 81 points or 0.45% higher at 18,074 in today’s early morning trade