Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices faced sharp corrections and ended Thursday’s trading session in negative territory. The NSE Nifty 50 tumbled 159.05 points, or 0.90%, to 19,742.35, while the BSE Sensex plunged over 570.60 points, or 0.85%, to 66,230.24. The border indices as well as the sectoral indices ended in red. The Bank Nifty index shed as many as 760.75 points to 44,623.85. PSU Bank, Auto, Private Bank, and Realty stocks saw the highest corrections.
Mahindra & Mahindra, ICICI Bank, Cipla, SBI and IndusInd Bank were the top laggards on the NSE Nifty 50, while the gainers included Adani Ports, Tech Mahindra, Dr Reddy’s Labs, Asian Paints and Bharti Airtel.
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15:36 (IST) 21 Sep 2023 Markets at close
The NSE Nifty 50 tumbled 159.05 points, or 0.90%, to 19,742.35, while the BSE Sensex plunged over 570.60 points, or 0.85%, to 66,230.24.
14:18 (IST) 21 Sep 2023 PSU Bank stocks tumble
The PSU Bank index tumbled 2.21% during the intra-day trade on Thursday. UCO Bank, Punjab & Sind Bank and Central Bank of India are the top losers with losses of 4.79%, 4.63%, and 4.49% respectively.
13:40 (IST) 21 Sep 2023 Senco Gold hits all time
The share price of Senco Gold surged over 6% to hit a fresh all-time high of Rs 509 during the intraday trade on Thursday.
13:03 (IST) 21 Sep 2023 BSE Sensex plunges
The BSE Sensex plunged over 620 points, or 0.93%, to 66,180.18 during the intra-day trade on Thursday.
13:00 (IST) 21 Sep 2023 Nifty 50 sheds over 160 points
The Nifty 50 plunged over 160 points, or 0.84%, during the intra-day trade on Thursday. Mahindra & Mahindra and the State Bank of India were the top losers, with respective losses of 3.15% and 2.38%. The other losers included Grasim Industries and ICICI Bank, with losses of over 2% each.
11:55 (IST) 21 Sep 2023 PSU Bank stocks zoom
The Nifty PSU Bank index surged 1.12%, with gains led by Indian Overseas Bank of 7.53% and Bank of India of 3.35% during the intra-day trade on Thursday.
11:43 (IST) 21 Sep 2023 Auto stocks loses over 1%
The Nifty Auto index tumbled 1.10% during intra-day trading on Thursday. Mahindra & Mahindra and Hero MotoCorp led the losses with respective losses of 2.47% and 1.50%. Tata Motors, Maruti Suzuki India and Samvardhana Motherson International were among the other losers, each experiencing losses of over 1%.
11:08 (IST) 21 Sep 2023 Adani Ports, BPCL add gains
Adani Ports and BPCL defied the market trends and added gains of 1.41% and 1.12%, respectively, during the intra-day trade on Thursday.
09:38 (IST) 21 Sep 2023 PSU Bank stocks surge
The Nifty PSU Bank index surged 1.47% during early trade on Thursday. The gains were led by Indian Overseas Bank and UCO Bank, with gains of 6.96% and 4.22%, respectively.
09:33 (IST) 21 Sep 2023 Nifty 50 continues to fall
NIFTY 50 shed over 80 points, or 0.43%, during the early trade on Thursday. HCL Tech plunged over 2%, while LTIMindtree, ICICI Bank, Ultratech Cement, and TCS were other losers with losses of over 1% each.
09:18 (IST) 21 Sep 2023 Markets at open
The NSE Nifty 50 opened at 19,840.55, down by 0.30%, while the BSE Sensex opened at 66,608.67, down by 192.17 points.
09:10 (IST) 21 Sep 2023 USD-INR outlook
“As per the daily technical chart, the pair is trading at its moving average trend-line support level of 83.1000 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing a positive divergence but the pair is facing a steep resistance at higher levels. As per the daily technical chart the pair is having support at 83.05-82.92 while resistance is placed at 83.30-83.50. The pair is having crucial resistance at 83.30 and if it sustains above this level it could see further strength, with its key support level placed at 82.85,” said Rahul Kalantri, VP Commodities, Mehta Equities.
09:00 (IST) 21 Sep 2023 Gold outlook
“Although traders will try to treat a rate hike skip as bullish, surging US yields pose a risk to the yellow metal. A retreat in yields coupled with a dovish interpretation of the Fed’s decisions and forecasts will be positive for gold. Support is at $1915/$1900, whereas resistance is at $1950/$1965,” said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan.
08:54 (IST) 21 Sep 2023 Global outlook
“A rough start to the trading session is on the cards as overnight weakness in the US markets has triggered a slump in other Asian counterparts after the US Federal Reserve hinted at a one more rate hike by the end of this year even as it kept rates unchanged in its FOMC meeting yesterday. Another negative catalyst has been frenzied selling by foreign institutional investors as they sold shares worth Rs 3110.69 crores in the domestic equity markets on Wednesday, which could further dampen the sentiment. The firm US Dollar index and treasury yields are also driving FIIs to desert emerging market equities,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:52 (IST) 21 Sep 2023 Stocks to watch
Apollo Tyres, Infosys, Cipla, SJVN, Coal India, and RR Kabel are some of the top stocks to watch during today’s trading session.
08:45 (IST) 21 Sep 2023 Nifty 50 technical outlook
“The Nifty has witnessed a faster retracement and also breached the low of 19,914 (wave IV low) which suggests that the rise from 19,223 to 20,222 has completed a wave. The daily momentum indicator still has a positive crossover however we shall assign more weightage to the price action and expect the momentum to align with the price action sooner rather than later. In terms of levels, 19,840–19,800 is the crucial support zone while 20,050–20,100 shall act as an immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
08:22 (IST) 21 Sep 2023 F&O Ban
The NSE has added Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank and Zee Entertainment Enterprises to its F&O ban list for September 21, 2023.
08:05 (IST) 21 Sep 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 3,110.69 crore, while domestic institutional investors (DII) sold shares worth net Rs 573.02 crore on September 20, 2023, according to the provisional data available on the NSE.
08:04 (IST) 21 Sep 2023 Wall Street
Wall Street ended in negative territory on Wednesday, September 20, 2023, after the US Federal Reserve held key interest rates unchanged. The tech-heavy Nasdaq Composite plunged 209.06 points, or 1.53%, to 13,469.13. The Dow Jones Industrial Average tumbled 76.85 points, or 0.22%, to 34,440.88 and the S&P 500 fell 41.75 points, or 0.94%, to 4,402.20.