Share Market News Today | Sensex, Nifty, Share Prices Highlights: Blue-chip benchmark index NSE Nifty 50 hit a fresh lifetime high intraday at 20,008.10 while Sensex inched closer to its record high. NSE Nifty settled at a new closing high of 19,996.35, marking a remarkable gain of 176.4 points. Sensex added 0.78% to end at 67,127.08. Today’s market activity was driven by strong momentum in heavyweight Reliance Industries (RIL) and banking stocks. Notably, Adani Ports emerged as the top performer in the Nifty pack, surging by an impressive 7%. As Nifty 50 registered a rise of 0.89%, Nifty Midcap 100 and Nifty Smallcap 100 added 1.14% and 1.33% respectively. The broader markets settled in the green. Sectorally, Bank Nifty jumped 0.92%. However, the public enterprises banking stocks index Nifty PSU Bank surged an incredible 3.13%, while Nifty Metal added 1.81%. The sole underperformer was Nifty Media, closing lower by 0.33%.
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16:15 (IST) 11 Sep 2023 Bank Nifty outlook
“Bank Nifty has also witnessed positive price action and is on the way to retest the recent swing high of 46,400. The index has been a laggard and hence a divergence is visible among the sectoral indices. Sooner rather than later it is likely to align with the Benchmark and we expect the positive price action to continue. Momentum indicators on the daily and hourly time frames are in sync with the price action and hence we are likely to a sustained upmove,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
15:58 (IST) 11 Sep 2023 Nifty 50 technical view
“Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark,” said Rupak De, Senior Technical analyst at LKP Securities.
15:53 (IST) 11 Sep 2023 Markets to continue northward move
“We have clearly outperformed our global peers by a fair margin and reaching this milestone on our own, displays the overall inherent strength. We continue to remain sanguine and expect the market to continue this northward move. However, one should avoid being complacent and adopt proper money management from here on,” said Sameet Chavan, Head Research, Technical and Derivatives, Angel One.
15:40 (IST) 11 Sep 2023 Technical levels to watch
“Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. This impressive rally followed a breakout from a descending channel that occurred last week. Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark,” said Rupak De, Senior Technical analyst at LKP Securities.
15:36 (IST) 11 Sep 2023 Market drivers
Today’s market activity was driven by strong momentum in heavyweight Reliance Industries (RIL) and banking stocks. Notably, Adani Ports emerged as the top performer in the Nifty pack, surging by an impressive 7%.
15:35 (IST) 11 Sep 2023 Markets at close
Blue-chip benchmark index NSE Nifty 50 hit a fresh lifetime high intraday at 20,008.10 while Sensex inched closer to its record high. NSE Nifty settled at a new closing high of 19,996.35, marking a remarkable gain of 176.4 points. Sensex added 0.78% to end at 67,127.08.
15:24 (IST) 11 Sep 2023 RIL, HDFC Bank, ITC to be eyed
“We advise investors to keep an eye on large cap space as well as the risk-reward have become favourable for the IT sector and few heavyweights such as Reliance Industries, HDFC Bank and ITC. The overall texture of the market remains positive and we continue to advise buy on dips strategy for new entrants. As far as 21,000 levels on the index, we feel it would be premature to ride this kind of upside in the near-term and would revisit the markets at the end of the month,” said Manish Chowdhury, Head of Research, StoxBox.
15:20 (IST) 11 Sep 2023 Nifty 50 likely to create more milestones
“What makes this rally even more stunning is the stellar performance of small and mid-cap stocks, which have outshone their larger counterparts by a huge distance, marking this rally one of the most robust seen in recent history. This rally may create even more milestones over the next few weeks before the market peaks out. Once the momentum gets exhausted and markets start plateauing, we would recommend investor caution as the current euphoria and valuations are unsustainable in the longer term,” said Amit Goel, Co-Founder & Chief Global Strategist, Pace 360.
15:17 (IST) 11 Sep 2023 G20 key driver of markets
“Resounding success of G20 brings in the desired momentum and market valuations are yet to cross previous peaks. Boost in bilateral trades should benefit various segments like pipes and cables. Sectors like Railways, Shipping and Logistics would be direct beneficiaries of recent announcements.”
– Kaushik Dani, fund manager – PMS, Abans Investment Managers
15:16 (IST) 11 Sep 2023 Adani Ports, Adani Enterprises led gains
Adani Ports, Adani Enterprises, Power Grid Corporation, Apollo Hospitals, and Axis Bank were the top gainers on NIFTY 50 during the intraday trade on Monday, while the laggards included Coal India, ONGC, Bajaj Finance, Larsen & Toubro, and IndusInd Bank.
15:10 (IST) 11 Sep 2023 NSE NIFTY 50 HITS 20000
Blue-chip index NSE Nifty 50 hit a fresh record high in trade on Monday, clocking in at 20,002.
14:44 (IST) 11 Sep 2023 Metal stocks surge
The Nifty Metal Index surged 1.84% during intraday trading on Monday. The gains were led by Jindal Stainless and Adani Enterprises, with respective gains of 6.12% and 4.09%.
13:47 (IST) 11 Sep 2023 Stocks at all time high
Procter & Gamble Hygiene, Maruti Suzuki India, Gillette India, Persistent Systems, LTIMindtree, The Orissa Minerals Development Company, Craftsman Automation, L&T Technology Services, ABB India, and AstraZeneca Pharmaceuticals were among stocks that hit their 52-week highs during intraday trading on Monday.
13:35 (IST) 11 Sep 2023 Adani Ports leads gain
Adani Ports and Adani Enterprises led the gains on the NSE Nifty 50 with gains of 6.85% and 2.42%, respectively, during intraday trading on Monday. Meanwhile, ONGC and Coal India were among the underperformers, experiencing losses of 0.84% and 0.51%, respectively.
13:17 (IST) 11 Sep 2023 Maruti Suzuki India hits 52-week high
The stock price of Maruti Suzuki India surged 1.96% to hit its all-time high of 10,535.35 during the intraday trade on Monday.
12:26 (IST) 11 Sep 2023 Adani Ports adds 6%
Adani Ports & Special Economic Zone led the gains on the NSE Nifty 50 with a surge of 6.64% in its stock price during intraday trading on Monday. Apollo Hospitals Enterprise and HDFC Life Insurance were other leading gainers with gains of 1.96% and 1.86%, respectively.
12:12 (IST) 11 Sep 2023 Auto stocks add 1%
The Nifty Auto index surged 1.09% to 16,278 during the intraday trade on Monday. Tube Investments of India, Maruti Suzuki India and Balkrishna Industries led the gains with 5.64%, 1.59%, and 1.33% respectively.
11:08 (IST) 11 Sep 2023 PSU Bank stocks zoom
The Nifty PSU Bank index soared as much as 2.20% to 4,809.80 during the intraday trade on Monday. Indian Overseas Bank, Bank of India, and Canara Bank led the gains with 5.49%, 4.41%, and 4.38%, respectively.
10:30 (IST) 11 Sep 2023 Triveni Engineering hits 52-week high
Triveni Engineering share price hit a fresh 52-week high, clocking in at Rs 360 apiece as 4.1% stake changed hands in a block deal on Monday morning.
10:10 (IST) 11 Sep 2023 Adani Ports adds 4%
The share price of Adani Ports & Special Economic Zone surged as much as 4.51% during early trade on Monday.
09:57 (IST) 11 Sep 2023 NSE F&O Ban
The NSE has added Chambal Fertilisers , Chemicals Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank and SAIL to its F&O ban list for September 11.
09:33 (IST) 11 Sep 2023 Gold Outlook
“China’s inflation data may support commodities in general in near term, though Dollar and US yields are to be closely watched. Dollar is weaker today on Bank of Japan’s Governor Ueda’s comment in the weekend that the focus will be now on a ‘quiet exit’, which may support the metal to some extent. Gold is expected to trade range-bound ahead of the US CPI inflation data to be released on September 13. Support is at $1915/$1900. Resistance is at $1932/$1955,” said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
09:20 (IST) 11 Sep 2023 Markets at open
The NSE Nifty 50 opened 0.32% higher at 19,890, while the BSE Sensex at 66,789.43 was up by 190.52 points.
09:06 (IST) 11 Sep 2023 Markets may see mixed trend
“Markets may see a mixed trend in early trades Monday as the Gift Nifty index has been displaying a fluctuating trend amid weak Asian cues. Already, benchmark indices have rallied for 6 consecutive trading sessions, hence caution may prevail amongst the investors in the backdrop of inflation fears, rising US Dollar, strength in oil prices, and spiking US treasury yields. With FIIs selling local shares worth Rs 9,097 crore in the last 5 trading sessions, investors could be feeling the heat as any extended offloading could dampen the sentiment going ahead,” said Prashanth Tapse, Senior VP (Research), Mehta Equities
08:50 (IST) 11 Sep 2023 GIFT Nifty trades in red
The GIFT Nifty is trading lower at 19,920.5, down 17.5 points or 0.09% during early trading on Monday indicating a potentially flat start for the Nifty.
08:39 (IST) 11 Sep 2023 FII, DII data
Foreign institutional investors (FII) offloaded shares worth net Rs 224.22 crore, while domestic institutional investors (DII) purchased shares worth net Rs 1,150.15 crore on September 8, 2023, according to the provisional data available on the NSE.
08:18 (IST) 11 Sep 2023 Bank Nifty outlook
“The next significant hurdle on the upside is situated at 45,500, where the highest open interest is concentrated. The index maintains a ‘buy on dip’ mode, with robust support seen at the 44,800 levels, underlining the bullish sentiment in the market,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
08:12 (IST) 11 Sep 2023 Nifty 50 technical outlook
“Daily and hourly momentum indicators have a positive crossover which is a buy signal and thus this is likely to be only a consolidation and in case of a dip it should be used as a buying opportunity. On the upside we expect 19,900 which is around the swing high it touched during July. In terms of levels, 19,630 – 19,670 shall act as a crucial support zone while 19,860 – 19,900 shall act as an immediate hurdle zone.” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
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