Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices NSE Nifty 50 and BSE Sensex gave up their earlier gains. Nifty concluded just below 19,400, landing at 19,396.45 with a marginal 0.01% gain, while Sensex wrapped up with a slight increase of 4 points, standing at 65,220.03. Nifty Midcap 100 rose over 1.1%, while the smallcap index added around 0.8%. Fear gauge India VIX settled lower, around 11.75. In the broader markets, Bank Nifty settled marginally lower, falling for eight of the nine sessions. Nifty PSU Bank shares dragged the index, while metal, media and FMCG stocks outperformed. Jio Financial Services close 5% lower for the second consecutive session.
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Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 22 August 2023
15:40 (IST) 22 Aug 2023 Global uncertainties weigh
“Despite the support of positive international markets, Indian equities struggled to maintain their upward momentum due to lingering apprehensions over ongoing global uncertainties. Sectors closely tied to the Western economy, such as IT and pharma, faced challenges, while domestic-oriented sectors, alongside mid- and small-caps, exhibited resilience and gained traction.”
– Vinod Nair, Head of Research at Geojit Financial Services.
15:34 (IST) 22 Aug 2023 Markets at close
Domestic indices NSE Nifty 50 and BSE Sensex erased their gains towards the end of trade. Nifty settled under 19,400 at 19,396.45, up 0.01%, while Sensex closed 4 points higher at 65,220.03.
14:15 (IST) 22 Aug 2023 Robust sentiment in markets
“The positive market breadth portrays a robust sentiment, with the IT & Metal sector being the primary benefactor to rejuvenated market sentiments. The global bourses are to be watched closely for the immediate trend setup while focusing on selective stock-centric moves for an outperformance. Meanwhile, the Midcap index is keeping up the pace and traders are advised to keep focusing on such thematic movers for the time being.”
– Sneha Seth, Derivatives Research Analyst, Angel One
13:24 (IST) 22 Aug 2023 Nifty Midcap 100 up 1%
Nifty Midcap 100 jumps almost 1% in trade as constituents Tata Teleservices (Maharashtra), Trident and Torrent Power.
12:34 (IST) 22 Aug 2023 Gold outlook
“The strengthening of US Treasury yields poses a risk for gold. Nevertheless, gold has made some gains recently due to renewed safe-haven demand, which has been driven by concerns about the Chinese economy. However, these gains have been relatively modest. The participation in gold continues to decline and remains at a very low level, amid declining prices of gold. We believe this decline has paved the way for a favourable investment opportunity.”
– Abans
12:08 (IST) 22 Aug 2023 Glenmark Pharma down 1.4%
Shares of Glenmark Pharma slip 1.4% in trade as the pharma player was fined $30 million to resolve all of its court proceedings with the DOJ involving historical pricing practices by former employees relating to the generic drug pravastatin between 2013 and 2015.
11:19 (IST) 22 Aug 2023 Adani Enterprises gains 3%
Shares of Adani Enterprises climbed over 3% on Tuesday after billionaire Gautam Adani-led promoter group increased its stake in the flagship firm.
11:13 (IST) 22 Aug 2023 Aeroflex Industries IPO subscribed
Aeroflex Industries IPO subscribed fully at 10.54 am on Day 1.
Overall 1.00 times
QIB 0.00 timesNII 1.31 times Retail 1.46 times Reservation 0.40 10:07 (IST) 22 Aug 2023 FII positions
FIIs increased their future index long position holdings by 2.47%, increased future index shorts by -0.75% and in index options by 9.35% in Call longs, 14.46% in Call short, 9.51% in Put longs and 23.85% in Put shorts.
09:42 (IST) 22 Aug 2023 Currency outlook
“Momentum went missing yesterday again, but with consolidation failing to breach the 83-82.9 supports. This keeps the 83.7 to 84.5 move intact, with downside marker placed at 82.9.”
– Anand James, Chief Market Strategist at Geojit Financial Services.
09:30 (IST) 22 Aug 2023 FII inflows
“Sustained rise in FII inflows will happen only if the US bond yields decline. Clarity on this will emerge only after trends in US inflation and Fed’s monetary stance indicate softening. Investors should wait for clarity on these macro trends.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:26 (IST) 22 Aug 2023 Markets at open
Benchmarks NSE Nifty 50 and BSE Sensex opened in positive territory on Tuesday. Nifty 50 surpassed the 19,400 mark , and Sensex added about 50 points, roughly flat at 65,272.42.
08:38 (IST) 22 Aug 2023 Bank Nifty outlook
“Bank Nifty has also witnessed a pullback and snapped the seven-day losing streak. It has closed in the green and more importantly, holding on to the support of the 20-week moving average (44,000) which indicates that a pullback is likely in the short term. The pullback can last till the 44,400 – 44,500 zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
08:25 (IST) 22 Aug 2023 OI data
Coming to the OI Data, on the call side, the highest OI observed at 19500 followed by 19600 strike prices while on the put side, the highest OI is at 19300 strike price.
08:20 (IST) 22 Aug 2023 FII, DII data
Foreign institutional investors (FII) sold shares worth net Rs 1,901.10 crore, while domestic institutional investors (DII) bought shares worth net Rs 626.25 crore on 21 August, according to the provisional data available on the NSE.
08:09 (IST) 22 Aug 2023 Crude oil
Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China’s economy limited the upside.
08:09 (IST) 22 Aug 2023 Asian Markets
Shares in the Asia-Pacific region were trading in the green on Tuesday. China’s Shanghai Composite and Shenzhen Component was higher by 0.91% and lower by 0.09% respectively. Japan’s Nikkei 225 traded with gains of 0.56%. South Korea’s Kospi advanced 0.39% while Hong Kong’s Hang Seng gained 0.48%. The Taiwan Weighted index recorded a gain of 0.26%.
08:09 (IST) 22 Aug 2023 Wall Street
The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining, according to Reuters. The Dow Jones Industrial Average edged down 0.1%, while the S&P 500 advanced 0.7%, and the Nasdaq Composite surged 1.6%.