Profit booking on a day after the Nifty conquered 20,000 brough the Nifty 50 down by 0.02% to settle at 19,993.20, while the BSE Sensex added 94.05 points to settle at 67,221.13. The broader indices were trading in the red zone. The Nifty Next 50 tumbled 2.30%, while Midcaps and Smallcaps stocks also faced sharp corrections. The sectoral indices also traded broadly in the red. Nifty Media and Realty index tanked the most with respective losses of 4.30% and 3.24%, while Metal and PSU Bank stocks also plunged over 2%. IT and Pharma stocks were the only gainers with respective gains of 1.03% and 0.12%.
The relative volatility in the market was higher and the VIX was up by 3.01%.
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15:35 (IST) 12 Sep 2023 Markets at close
The NSE Nifty 50 slipped marginally by 0.02% to settle at 19,993.20, while the BSE Sensex added 94.05 points to settle at 67,221.13.
15:01 (IST) 12 Sep 2023 Auto stocks tank
The Nifty Auto index plunged 1.77% during the intraday trade on Tuesday. Tube Investments of India and Sona Blw Precision Forgings were the top losers, with respective losses of 7.75% and 4.06%.
14:48 (IST) 12 Sep 2023 Midcap stocks plunge
The Nifty Midcap 50 index tumbled 2.62% during the intraday trade on Tuesday. REC and Power Finance Corporation were the top losers, with respective losses of 8.10% and 7.09%.
14:08 (IST) 12 Sep 2023 Profitbooking in sugar stocks
The stock price for Praj Industries and Balrampur Chini Mills faced sharp corrections of 4.68% and 4.03% respectively during the intraday trade on Tuesday.
13:45 (IST) 12 Sep 2023 Nifty Realty index tumbles
The Nifty Realty index tumbled as much as 3.12% during the intraday trade on Tuesday. Indiabulls Real Estate and Brigade Enterprises were the top losers with their respective losses of 8.55% and 5.50%.
13:01 (IST) 12 Sep 2023 Nifty Media index tumbles
The Nifty Media index tumbled as much as 3.76% during the intraday trade on Tuesday. The top laggards included Dish TV India with 7.78%, TV 18 Broadcast with 6.25% and Hathway with 6.72%. The other losers included Network 18 Media, Navneet Education, and Nazara Technologies, with losses of over 5% for each.
11:46 (IST) 12 Sep 2023 IT stocks zoom
The Nifty IT index added 190 points, or 0.58%, during the intraday trade on Tuesday. TCS and Infosys were the lead gainers, with gains of 1.68% and 0.82%, respectively.
10:25 (IST) 12 Sep 2023 Nifty slips below 20000
Nifty 50 fell 0.18% to 19,960.85 during the intraday trade on Tuesday. Adani Enterprises, BPCL and Adani Ports were the top losers on the Nifty 50 with their respective losses of 2.50%, 2.23% and 2.15%.
09:44 (IST) 12 Sep 2023 Pharma Stocks add 1%
The Nifty Pharma index added 1.06% during the early trade on Tuesday. Lupin and Divi’s Laboratories led the gains with their respective gains of 3.44% and 2.16%.
09:17 (IST) 12 Sep 2023 Markets at Open
The NSE Nifty 50 opened 0.56% higher at 20,110.15, while the BSE Sensex opened at 67,506.88 up by 379.80 points.
08:47 (IST) 12 Sep 2023 Crude Oil
“We remain bullish on WTI crude oil prices hitting highs of $90 in the short term, but sustaining at that level would depend on China’s economic progress in Q4-FY24. OPEC+ cuts are shrinking global supply by 5% daily that would bring the market into deficit of around 1.5mbpd in the last quarter. For the day we see oil prices trading range bound with support of $85 and resistance around $89,” said Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas.
08:27 (IST) 12 Sep 2023 Bank Nifty outlook
“The Bank Nifty index is currently experiencing a strong bullish momentum, with buyers dominating the market and pushing the index higher. The next significant resistance level for the index is at 46,000, where a substantial amount of call writing is evident. On the downside, the key support level has shifted to 45,000, where the highest open interest built up on the put side,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
08:15 (IST) 12 Sep 2023 F&O Ban
The National Stock Exchange has BHEL, Chambal Fertilisers, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, PNB, SAIL securities on its F&O ban list for Tuesday, September 12, 2023.
08:12 (IST) 12 Sep 2023 Nifty 50 technical view
“While markets have rallied for seven straight sessions, the fear of missing out (FOMO) can rule traders’ mindset as bargain hunting and value buying could be the probable theme. Technically, Nifty’s biggest support for Tuesday’s trade will be at 19,807 mark, while immediate aggressive bullish targets for the index is now seen at 20,500 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:10 (IST) 12 Sep 2023 FII, DII data
Foreign institutional investors (FII) purchased shares worth net Rs 1,473.09 crore, while domestic institutional investors (DII) added shares worth net Rs 366.24 crore on September 11, 2023, according to the provisional data available on the NSE.