Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian share markets ended the first trading session of 2023 on a positive note as the frontline indices closed with firm gains. BSE Sensex closed 327 points higher at 61,168. Though this was off the day’s high of 61,223. NSE Nifty 50 settled at 18,197, up 92 points. In the broader market, BSE Smallcap and Midcap indices closing 0.8% and 0.6% higher, respectively. Sectorally, the Nifty metal index was the top performer of the day after global brokerage Jefferies changed its stance on the sector to ‘positive’. Other sectoral gainers included Nifty Realty, PSB and financial services while Nifty Pharma and consumer durables underperformed.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News 2 January
15:40 (IST) 2 Jan 2023 Nifty gainers, losers
Tata Steel, Hindalco Industries, ONGC, Tata Motors and ICICI Bank were among the biggest Nifty gainers, while Titan Company, Asian Paints, Divis Labs, Bajaj Auto, and Hero MotoCorp were the losers.
15:40 (IST) 2 Jan 2023 Nifty, Sensex end in green
Benchmark indices ended higher with Nifty around 18,200. On the sectoral front, metal index added 3% and realty index rose 1%. In broader markets, BSE midcap and smallcap indices rose 0.5% each.
15:19 (IST) 2 Jan 2023 Bank Nifty up 0.5%
Nifty Bank index gained 0.5 percent, led by IDFC First Bank, Bandhan Bank, PNB
14:57 (IST) 2 Jan 2023 Nifty, Sensex extend gains
Benchmark indices extended gains in the final hour of trade. BSE Sensex jumped over 300 pts to trade near 61,165 level, while NSE Nifty 50 reclaimed 18200.
14:34 (IST) 2 Jan 2023 Nifty Metal index rises 2%
The Nifty Metal index was the top sectoral gainer, up over 2 per cent, led by Tata Steel, SAIL. The jump comesafter global brokerage firm Jefferies turned ‘positive’ on Indian metals. Since China started to ease Covid-19 policy, the support has started to ail their property sector, said analysts.
14:16 (IST) 2 Jan 2023 Nifty, Sensex holding in green
Sensex is up 219.02 points or 0.36% at 61059.76, and the Nifty added 63.10 points or 0.35% at 18168.40.
14:15 (IST) 2 Jan 2023 Banks to remain closed for 14 days in January 2023
All public and private sector banks will remain closed for 14 days in January, according to the RBI bank holidays list. These holidays include second and fourth Saturdays, as well as Sundays. The banks remain open on the first and third Saturdays of every month. The Reserve Bank of India (RBI) has issued the list of Bank holidays for 2023.
Check full bank holiday list here
13:42 (IST) 2 Jan 2023 TVS Motor December Auto Sales
The company registered sales of 242,012 units in December 2022 as against sales of 250,993 units in December 2021.
13:22 (IST) 2 Jan 2023 Sah Polymers IPO subscribed 1.45 times on day 2
The initial public offering (IPO) of Sah Polymers received decent response from investors as the issue got subscribed 1.45 times on the second day of bidding. Investors have put in bids for 81.51 lakh equity shares against 56.1 lakh shares on the offer. The portion set aside for retail investors and high networth individuals were fully booked on first day itself. Retail investors subscribed 4.7 times the allotted quota, while HNIs quota fetched 1.43 times bids. However, the quota reserved for qualified institutional buyers was subscribed 38 percent.
13:22 (IST) 2 Jan 2023 Suven Pharmaceuticals Large Trade
5.46 lakh shares (0.2% equity) worth Rs 26.78 crore change hands at Rs 490 per share. Suven Pharmaceuticals was quoting at Rs 489.80, down Rs 4.90, or 0.99%.
12:35 (IST) 2 Jan 2023 Tata Motors up 1.7%
Tata Motors registered total sales of 2,28,169 units in Q3FY23, grew by 14% over the quarter. The company’s shares have risen 1.74% to trade at Rs 394.85.
12:13 (IST) 2 Jan 2023 Nifty top gainers, top losers
On the NSE Nifty index, Tata Steel, Hindalco, ONGC, ICICI Bank and Tata Motors are the top winners, with Tata Steel up 4.84%. The biggest laggards are Bajaj Auto, Asian Paints, Hero MotoCorp, Cipla, Divis Lab, with Bajaj Auto down 1.87%.
11:51 (IST) 2 Jan 2023 Punjab & Sind Bank falls
Punjab & Sind Bank’s board approved raising Rs 250 crore within 12 months via
issue of equity shares and/or Basel III compliant bonds. The share price of the bank has dropped 3.41% in trade today.
11:20 (IST) 2 Jan 2023 Tata Steel gains in trade
Tata Steel announced its acquisition of Tata Steel Advanced Materials Limited (‘TSAML’), for an amount aggregating to approximately Rs 14.80 crore. On completion of the above acquisition, TSAML will be a wholly owned subsidiary of Tata Steel. As a result of this news, the stock price of the company is trading 4.53% higher.
10:57 (IST) 2 Jan 2023 M&M rises 1.2%
Mahindra and Mahindra’s share price rose 1.2% to Rs 1,264.35 as the company reported positive auto sales numbers for the month of December 2022. In the Utility Vehicles segment, Mahindra sold 28,333 vehicles in December 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 28,445 vehicles. Mahindra’s Farm Equipment sector sold 21,640 units, with sales rising 30% on-year.
10:54 (IST) 2 Jan 2023 Technical View
“Technically speaking, post the recent price-wise correction in the market, the chart structure construes optimism. The broad-based buying in the last week has levitated market sentiments and can be seen as a sign of progression as we outclass our major global peers. As far as levels are concerned, 18,000 is expected to cushion any short-term blip, with the sacrosanct support placed around 17,800 for the time being. While on the higher end, a decisive move above 18,400-18,450 would affirm the continuation of the uptrend in the market.”
– Sameet Chavan, Chief Analyst – Technical and Derivatives, Angel One
10:20 (IST) 2 Jan 2023 Nifty outlook
“A turn lower was set off on Friday without heading into the 18,300-400 region which we had presumed to be a supply zone. This encourages us to look for continued upsides, even though we are close to the 18,400 objective that we have been playing since the turn higher from the 17,800 vicinity. The prospects of 18,600 or more appears feasible in that context, but slippage past 18,000 again would force us to abandon the upside views, and instead hunt for 17,500.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:52 (IST) 2 Jan 2023 Derivative view
“Nifty weekly contract has highest open interest at 19,000 for Calls and 18,000 for Puts while monthly contracts have highest open interest at 18,200 for Calls and 17,500 for Puts. Highest new OI addition was seen at 18,200 for Calls and 18,200 for Puts in weekly and at 19,200 for Calls and 17,500 for Puts in monthly contracts. FIIs increased their future index long position holdings by -2.68%, increased future index shorts by 25.50% and in index options by 81.48% in Call longs, 50.38% in Call short, 185.04% in Put longs and 27.79% in Put shorts.”
– Anand James, Chief Market Strategist, Geojit Financial Services
09:50 (IST) 2 Jan 2023 Bank Nifty rises
The banking stocks index Bank Nifty gained 320 points to trade at 43,305. Constituents IDFC First Bank, Bandhan Bank, PNB and ICICI Bank are the top performing stocks, with IDFC First Bank up 3.9%.
09:48 (IST) 2 Jan 2023 Broader markets in green
Broader markets trade higher even as global cues are negative. Nifty Midcap 100 is up by 0.38% while Nifty Smallcap 250 is 0.4% higher. Volatility gauge, India VIX, rises by 2.1%, at 15.18.
09:27 (IST) 2 Jan 2023 Banks, Capital Goods, Construction could give market-beating returns
“There are mixed signals from the economy and markets as trading begins for the New Year. Robust GST collections at Rs 1.49 trillion indicate resilience of the economy and surveys among CEOs reveal that many companies are upbeat about hiring and capex in 2023. This augurs well for India’s economic outperformance again in 2023 and this can lead to market outperformance, too. However, since valuations continue to be high, there can be selling pressure particularly from FIIs, in the early days of 2023. Rising bond yield in the US (the 10-year yield is at 3.88%) is negative. Investors should focus on beating the market in 2023. Market-beating returns can come from banking, capital goods and construction-related sectors.”
– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
09:21 (IST) 2 Jan 2023 Markets at open
Indian benchmark equity indices BSE Sensex and NSE Nifty open higher on the first trading session of the year. Nifty opened higher to trade at 18,128, up by 20 points while Sensex gained 41 points, trading at 60,881.
09:16 (IST) 2 Jan 2023 NSE Bulk Deals data
Prannoy Roy sold 86,65,209 shares of New Delhi Television Ltd (NDTV) at Rs 342.65 per share and Radhika Roy sold 89,12,467 shares of NDTV at the same price while RRPR Holding bought 175,77,676 shares of the company at Rs 342.65 per share.
Copthall Mauritius Investment Ltd Non-Odi Account sold 5,42,828 shares of Elin Electronics Ltd (ELIN) at Rs 231.42 per share.
Other major deals that took place on Friday
09:15 (IST) 2 Jan 2023 Nifty Pathfinder
Bearish bias below 18,200. If Nifty breaks 17,992, expect it to test 17,800 in this week. Bank Nifty can see further selling pressure below 42,850.
Position Sizing Guide: Small
Support: 17,992 & 17,800 | Resistance: 18,200 & 18,264
– Rahul Sharma, JM Financial Services
09:13 (IST) 2 Jan 2023 Nifty outlook
“Nifty formed a bearish Dark cloud cover pattern on daily charts. 17774 now becomes an important support level to track. On upmoves, 18255-18473 band remains a crucial resistance. Nifty formed an engulfing bear pattern on monthly charts. In the past such formations have led to a fall of 5-18% over the next few months. US markets will be closed Monday in observance of the New Year’s Day holiday, which falls on Sunday. January month in India historically sees a rise which is getting sold off later in the month.”
– Deepak Jasani, Head of Retail Research, HDFC Securities
09:11 (IST) 2 Jan 2023 Sensex, Nifty end pre-open with mild gains
Domestic indices BSE Sensex and NSE Nifty ended the morning’s pre-open session with slight gains despite global cues being negative and SGX Nifty trading lower. Nifty closed 26 points higher at 18,131 while Sensex ended 30 points up at 60,871.
08:52 (IST) 2 Jan 2023 Friday’s weakness likely to extend in today’s early trade
“Last Friday’s weakness is likely to extend in today’s early trade as bearishness in the SGX Nifty could weigh on sentiment. Besides, technical conditions suggest overbought conditions as stocks valuations remain expensive by historical standards, spelling downside risks to corporate earnings. While select bouts of buying will continue, the perennial concerns regarding rising interest rates going ahead, volatile oil prices, and increasing Covid cases in China could trigger sell-offs. However, for time being investors can heave a sigh of relief as GST revenues grew 15% to Rs 1.49 lakh crore in December 2022. December was the 10th consecutive month when GST revenues were more than Rs 1.40 lakh crore.”
– Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities
08:50 (IST) 2 Jan 2023 Q3FY23 Preview: Soft quarter; Margin recovery to continue
Revenue growth momentum is likely to moderate in Q3 due to furloughs, lower number of working days, deferred spending by few clients, and increased cautiousness among clients amid macro uncertainties. We expect revenue growth of 0.8-3.7% CC QoQ for Tier-1 companies and of -0.4% to 3.4% for mid-cap companies.
– Emkay
08:37 (IST) 2 Jan 2023 Stocks under F&O ban on NSE
The National Stock Exchange has not added any stock under its F&O ban list for 2 January. Securities banned under the F&O segment include companies where derivative contracts have crossed 95% of the market-wide position limit.
08:36 (IST) 2 Jan 2023 Wall Street on Friday
Meanwhile, US markets slipped in the previous session to end a brutal 2022 with a whimper. On Friday, the Dow Jones Industrial Average fell 0.22% to 33,147.25, the S&P 500 lost 0.25% to 3,839.50, and the Nasdaq Composite dropped 0.11% to 10,466.48. Wall Street’s three main indices booked their first yearly drop since 2018.
08:36 (IST) 2 Jan 2023 FII and DII data
Foreign institutional investors (FII) net offloaded shares worth Rs 2,950.89 crore, while domestic institutional investors (DII) net bought shares worth Rs 2,266.20 crore on 30 December, according to the provisional data available on the NSE.
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