Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices NSE Nifty 50 and BSE Sensex ended in the red on Thursday. NSE Nifty 50 closed at 19,253.80, while the Sensex closed the trading session at 64,831.41. Smallcaps continued to make gains, with Nifty Smallcap 250 and Nifty Smallcap 50 adding 1.04% and 0.36% respectively. Bank Nifty and PSU Bank were the top losers among sectoral indices, while the gains were led by Nifty Realty and IT.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
15:37 (IST) 31 Aug 2023 Markets at close
The NSE Nifty 50 closed at 19,253.80, while the Sensex closed the trading session at 64,831.41.
14:51 (IST) 31 Aug 2023 Adani Ports, BPCL among top losers
Adani Ports & Special Economic Zone and BPCL are among the top losers on NSE Nifty 50 with losses of 3.40% and 2.83%, respectively.
14:22 (IST) 31 Aug 2023 Bank Nifty sheds over 260 points
Bank Nifty shed as much as 266.10 points, or 60%, to 43,966.50. IndusInd Bank and Bank of Baroda were among the top losers, with 2.02% and 1.93%, respectively.
13:46 (IST) 31 Aug 2023 Mphasis adds 3%
Mphasis is currently trading at a price of Rs 2,440, reflecting a 3.13% increase in its stock price.
13:36 (IST) 31 Aug 2023 JFS continues to gain
The share price of Jio Financial Services surged 4.99%, as reports suggested Reliance Industries’ demerged financial services arm might be excluded from Sensex today.
12:51 (IST) 31 Aug 2023 Nazara Tech adds 8%
Nazara Technologies share price gained over 8% to Rs 814 as the firm is mulling a fund raise by issuing equity shares on a preferential basis.
12:06 (IST) 31 Aug 2023 JFS jumps 4.8%
Jio Financial Services shares gain up to 4.8%, as reports suggested Reliance Industries’ demerged finacial services arm might be excluded from Sensex today.
10:57 (IST) 31 Aug 2023 Adani group shares tank
Shares of Adani group companies listed on the stock exchange witnessed a decline of up to 2%. This fall come after the release of fresh details by the non-profit Organized Crime and Corruption Reporting Project (OCCRP) the previous day, alleging that the Adani Family associates funneled millions into purchasing their own group’s shares via obscure investment funds located in Mauritius.
10:56 (IST) 31 Aug 2023 Derivative outlook
Nifty weekly contract has highest open interest at 19500 for Calls and 19300 for Puts while monthly contracts have highest open interest at 19500 for Calls and 19300 for Puts. Highest new OI addition was seen at 19450 for Calls and 19350 for Puts in weekly and at 19450 for Calls and 19350 for Puts in monthly contracts.
10:06 (IST) 31 Aug 2023 Aeroflex Industries lists with 83% premium
Aeroflex Industries has made a remarkable market debut, opening at Rs 197.40 with an 83% premium compared to its issue price of Rs 108 apiece.
09:28 (IST) 31 Aug 2023 Monsoon woes drag markets
“Unless the rains revive soon, the economy and markets will come under a cloud. It is important to remember that the RBI’s projection of FY24 inflation at 5.4% is based on a normal monsoon. Presently, the probability of a deficient monsoon is high. This will impact GDP growth and keep inflation elevated. The impact on the FMCG sector will be high. Investors may consider tweaking their portfolio with higher weightage for more inflation-proof segments like pharmaceuticals and export oriented sectors like IT.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:23 (IST) 31 Aug 2023 Gold outlook
“Gold reached a three-week high due to disappointing U.S. economic data, accompanied by silver touching a four-week peak in early trading. The dollar’s weakening, along with U.S. 10-year bond yields slipping below 3.15%, acted as catalysts, enhancing the appeal of precious metals. In INR terms, gold’s support lies at Rs 59,200 and Rs 58,950, with resistance at Rs 59,650 and Rs 59,810.”
– Rahul Kalantri, VP Commodities, Mehta Equities
09:19 (IST) 31 Aug 2023 Markets at open
Indian equity benchmarks NSE Nifty 50 and BSE Sensex saw a tepid open on Thursday. Nifty opened at 19,375.55, while Sensex gained around 90 points to begin the session at 65,178.33.
09:05 (IST) 31 Aug 2023 Technical View
“The short term trend of Nifty remains choppy. The lack of strength to sustain the upside bounce on Wednesday could possibly drag Nifty down to its immediate supports of 19250-19200 levels in the short term. On the upper side, the area of 19450 is likely to be a strong resistance,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
08:37 (IST) 31 Aug 2023 Bank Nifty outlook
“The Bank Nifty index experienced a significant bearish takeover, leading to a rapid correction of 600 points from the day’s high. As the index navigates this downward movement, its next significant support on the downside is positioned at 44,000. This level is crucial, given the substantial open interest built up on the put side.The overall market sentiment remains bearish, with considerable resistance anticipated around the range of 44,500 to 44,700 levels,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
08:23 (IST) 31 Aug 2023 FII, DII data
Foreign institutional investors (FII) sold shares worth net Rs 494.68 crore, while domestic institutional investors (DII) bought shares worth net Rs 1,323.24 crore on 30 August, according to the provisional data available on the NSE.
08:15 (IST) 31 Aug 2023 JFS to be removed from Sensex today
“Sensex is poised to exclude Jio Financials today, unless the stock triggers a lower circuit (upper limit not a concern). Jio’s 1.1% weight in Sensex 30 Index means passive selling may involve around 60 million shares, equivalent to roughly USD 180 million. Should exclusion be deferred, the exchange will announce during market hours.”
– Nuvama Institutional Equities
08:13 (IST) 31 Aug 2023 F&O ban
The National Stock Exchange has Indiabulls Housing Finance and BHEL securities on its F&O ban list for 31 August.
08:00 (IST) 31 Aug 2023 Crude oil
Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world’s second-biggest economy.
07:59 (IST) 31 Aug 2023 Currency outlook
“US Dollar and 10Y UST yields drops on downbeat US ADP Employment Change, revised down US Q2 GDP favor Fed policy pivot bias. German Harmonised Index of Consumer Prices beats estimates, bolstering the Euro as well. For USDINR, 82.45/50 acts as a support while 82.85 a resistance.”
– Kunal Sodhani, Vice President, Shinhan Bank.
07:57 (IST) 31 Aug 2023 Wall Street overnight
The S&P 500 and Nasdaq closed higher on Wednesday as fresh economic data signalled a cooling U.S. economy, reinforcing expectations the Federal Reserve will pause rate hikes in September, according to Reuters. On Wednesday, the Dow Jones Industrial Average went up by 0.11%, the S&P 500 advanced by 0.38%, and the Nasdaq Composite climbed by 0.54%.