Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Thursday’s trading session in negative territory. The NSE Nifty 50 tumbled 192.90 points, or 0.98%, to settle at 19,523.55, while the BSE Sensex tanked 610.37 points to 65,508.32. Among the other sectoral indices, Nifty IT tanked 2.19%, while FMCG, PSU Bank, Media, and Auto indices plunged over 1%. The volatility in the market remained high as the volatility index (India VIX) closed up 10.68%.
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15:38 (IST) 28 Sep 2023 Market at close
The NSE Nifty 50 tumbled 192.90 points, or 0.98%, to settle at 19,523.55, while the BSE Sensex tanked 610.37 points to 65,508.32.
14:59 (IST) 28 Sep 2023 USD-INR Outlook
“USDINR CMP- 83.1850 (spot) Indian Rupee gained on Thursday as RBI likely sold US Dollars to stabilise the domestic currency. We expect Rupee to trade with a slight negative bias on strong US Dollar and risk aversion in global markets. Rising global crude oil prices may put further downside pressure on Rupee. However, any intervention by the RBI may support Rupee at lower levels. Traders may take cues from final GDP, weekly unemployment claims and pending home sales data from US. USDINR spot price is expected to trade in a range of Rs 82.80 to Rs 83.80,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
13:54 (IST) 28 Sep 2023 Market in red
The domestic indices continue to trade in red. The NSE Nifty plunged 0.74% to 19,569.70, while the BSE Sensex shed over 450 points to 65,661.66 during the intraday trade on Thursday.
13:21 (IST) 28 Sep 2023 Finolex Cables hits 52-week high
The stock price of Finolex Cables surged over 7% to hit a fresh all-time high of Rs 1,219, during the intra-day trade on Thursday.
12:28 (IST) 28 Sep 2023 Nomura upgrades stance on Indian market to ‘overweight’
Nomura has upgraded its investment view on the Indian equity market to ‘overweight’ from ‘neutral’ on the back of strong macroeconomic fundamentals and the expected benefits from the ‘China plus one’ policy.
12:01 (IST) 28 Sep 2023 FMCG stocks tumble
The Nifty FMCG index shed as much as 448.60 points to 51,880.90 during the intra-day trade on Thursday. Marico and Colgate Palmolive tumbled over 2%, while ITC, United Spirits and Britannia Industries fell over 1%.
11:13 (IST) 28 Sep 2023 Dixon Technologies hits 52-week high
The share price of Dixon Technologies surged 1.71% to hit a fresh all-time high of Rs 5,378.85 during the intra-day trade on Thursday. The surge came following the news that the company has entered into an agreement with Xiaomi Technology India for the manufacturing of smartphones and other related products for Xiaomi.
11:07 (IST) 28 Sep 2023 ICICI Lombard falls
The share price of ICICI Lombard tanked 1.55% during the intra-day trade on Thursday. The stock price tumbled following the news that the company received a Show Cause Cum Demand Notice from the Directorate General of GST Intelligence, Pune Zonal Unit, on Wednesday, September 27, 2023, alleging a tax demand of Rs 17,28,86,10,803.
11:02 (IST) 28 Sep 2023 Yatra Online lists at 10% discount
Yatra Online shares listed at 10.21% discount over IPO price on bourses today. The share debuted at Rs 127.50 on the NSE, as compared to the issue price of Rs 142.
10:00 (IST) 28 Sep 2023 IT stocks fall
The Nifty IT index fell over 280 points to 32,309.25 during the early trade on Thursday. Tech Mahindra tumbled over 3%, while persistent systems lost 0.90% during early trade.
09:52 (IST) 28 Sep 2023 Nifty Outlook
“Despite extremely gloomy opening moves, an outright collapse was avoided as expected, with 19550 attracting enough buying interest to raise hopes towards a reversal from the 20,200-19,550 down move that has been in play since 18 September. However, that the upmove stalled at the first level of significance, at 19727-43, refrains us from an all out buy. We will however be encouraged to aim for 19,780-19,880 as long as declines do not stretch beyond 19,678-19,654,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:24 (IST) 28 Sep 2023 Markets at open
The NSE Nifty 50 opened at 19,761.80, up 0.23%, while the BSE Sensex opened at 66,406.01, up 280 points
09:08 (IST) 28 Sep 2023 USD-INR
“As per the daily technical chart, the pair is trading above its moving average trend-line support level of 83.15 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing positive divergence and the pair crossed its resistance level of 83.22. As per the daily technical chart the pair is having support at 83.22- 83.05 while resistance is placed at 83.55-83.70. The pair is having crucial resistance at 83.45 and if it sustains above this level it could show further strength in the coming sessions,” said Rahul Kalantri, VP Commodities, Mehta Equities.
08:59 (IST) 28 Sep 2023 Gold Outlook
‘Total known global gold ETF holdings fell for the second straight day. Spot gold has fallen below the key support at $1885, this has made the metal increasingly vulnerable. Support is at $1865/$1850. Resistance is at $1885/$1900,” said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
08:56 (IST) 28 Sep 2023 Market Outlook
“Investors are dealing with too many negatives mostly pertaining to external factors. The rising US bond yields on the back of the firm dollar index has resulted in foreign fund outflows in the month so far. However, India’s structural growth and key indicators would mean that investors cannot be bearish on local markets for long. Technically, the bears are likely to be everywhere as long as Nifty trades below the 19,867 mark. Nifty’s biggest intraday support is seen at 19,589-19,221 marks,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:31 (IST) 28 Sep 2023 Bank Nifty Outlook
“Bank Nifty held on to its 78.6% Fibonacci support (44,360) and witnessed a sharp bounce back. We believe that a short-term bottom is in place and the Bank Nifty is likely to witness a pullback over the next few trading sessions. On the upside we expect the Bank Nifty to pull back towards 45,000 initially and above that potentially towards 45,200,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
08:24 (IST) 28 Sep 2023 F&O Ban
The NSE has added Delta Corp and India Cements to its F&O ban list for September 28, 2023.
08:23 (IST) 28 Sep 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 354.35 crore, while domestic institutional investors (DII) added shares worth net Rs 386.28 crore on September 27, 2023, according to the provisional data available on the NSE.
08:23 (IST) 28 Sep 2023 Technical View
“The index has strong support around the 19,550 – 19,600 zone. Coming to the OI Data, on the call side, the highest OI observed at 19,800 followed by 19,900 strike prices while on the put side, the highest OI is at 19,600 strike price,” said Deven Mehata, Equity Research Analyst, Choice Broking.
08:20 (IST) 28 Sep 2023 Crude Oil
Oil prices are on a surge on Thursday. Brent crude prices are trading up 0.84% at $97.36 per barrel, while WTI crude prices are trading at $94.68, up 1.07%.
08:20 (IST) 28 Sep 2023 Wall Street
Wall Street ended Wednesday’s trading session on a mixed note. The tech-heavy Nasdaq Composite gained 29.24 points, or 0.22%, to 13,092.85. The Dow Jones Industrial Average slipped 68.61 points, or 0.20%, to 33,550.27 and the S&P 500 added 0.98 points, or 0.02%, at 4,274.51.