Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session on a flat note. The NSE Nifty 50 ended at 19,674.55 up by 30 points, while the BSE Sensex added 14.54 points to 66,023.69. The broader indices settled mostly in green except for the Nifty Next 50 and Nifty 100. The Bank Nifty index added over 150 points to 44,766.10. The gains in the sectoral indices were led by Realty stocks, which rose by 1.59%, followed by Banking, Financial Services, and FMCG stocks. Meanwhile, IT, Media, Metal, Pharma, and Auto stocks experienced corrections.
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15:34 (IST) 25 Sep 2023 Markets at close
The NSE Nifty 50 ended at 19,674.55 up by 30 points, while the BSE Sensex added 14.54 points to 66,023.69.
14:00 (IST) 25 Sep 2023 Nifty Bank index surges
The Nifty Bank index added over 170 points during the intra-day trade on Monday. The gains were led by PNB with 3.10% and Kotak Bank with 1.37%.
11:05 (IST) 25 Sep 2023 Burman family to acquire additional 26% stake in Religare Enterprises
The Burman family, which owns a controlling stake in FMCG major Dabur, has on Monday made an open offer for an additional 26% stake in financial services company Religare Enterprises, according to an exchange filing by Religare.
11:04 (IST) 25 Sep 2023 IT stocks fall
The Nifty IT index plunged by over 290 points during intra-day trading on Monday. Leading the losses were Infosys and Wipro, with respective declines of 1.53% and 1%.
10:13 (IST) 25 Sep 2023 Bajaj Finance to raise capital via QIP
According to the sources, BAF’s board will consider capital raise via pref issue and/or QIP on 5 Oct. While it is well capitalised with a tier-1 CAR of 23%, this raise may be upfronting of capital to support strong AUM growth (32% in 1Q) & is reasonably ahead of time. Assuming BAF raises 10-15% of net worth, issue size may be c.Rs80bn/$1bn. This would lead to a dilution of 2% whereas FY24E EPS & BVPS may rise 6% and 11%; RoE may see a slight fall to 22%.
10:06 (IST) 25 Sep 2023 Delta Corp tanks
The stock price of Delta Corp tanked as much as 20% during the early trade on Monday. The company received a tax notice from the Directorate General of GST Intelligence for Rs 11,139.6 crore on Friday for alleged underpayment of the GST for the period between July 2017 and March 2022.
09:38 (IST) 25 Sep 2023 Technical View
“We will begin this week looking for 19,956, expecting the 50day SMA, close to which we are now, to hold and prompt a reversal. However, if 19,727-43 region resists and lead to slippage past 19,550, the 18,600 objective may have to be brought into play. An outright collapse is less expected though,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:32 (IST) 25 Sep 2023 L&T tumbles
The stock price of Larsen & Toubro fell by over 1% during early trading on Monday. Hero MotoCorp, SBI Life Insurance and Axis Bank were among the other losers on the NSE Nifty 50.
09:24 (IST) 25 Sep 2023 Markets at open
The NSE Nifty 50 opened at 19,678.20, up by marginally 4 points, while the BSE Sensex opened at 66,082.99, up by 73 points.
09:12 (IST) 25 Sep 2023 Volatility to continue in near term
“Volatility will remain the theme given the current uncertainty in global markets amid renewed concerns over the likely interest rate hike by key global economies in the near term. While markets may start flat to negative, recovery in the Gift Nifty index could aid the sentiment in intra-day trades. If both the Dollar index and US treasury yields continue their ascent, the rupee may come under pressure and we may witness further global fund outflows from domestic equities. Caution will also prevail due to spiking global crude oil prices around $90 a barrel, while investors will closely watch the statement from HDFC Bank which had last week warned about widening bad loan ratios and narrowing margins after the merger with HDFC. Technically, Nifty’s biggest support for today’s trade is placed at the 19,607 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
09:03 (IST) 25 Sep 2023 USD-INR Outlook
“The USDINR 26 September futures contract witnessed profit taking and slipped below 83.00 marks. As per the weekly technical chart, the pair is trading above its moving average trend-line support level of 82.85 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing positive divergence but the pair is facing steep resistance at higher levels. The pair is having support at 82.70-82.40 while resistance is placed at 83.22-83.50. If the pair slips below the crucial support of 82.85, it may witness further weakness, else it could test its resistance levels again,” said Rahul Kalantri, VP Commodities, Mehta Equities.
09:01 (IST) 25 Sep 2023 Technical View
“Nifty declined to end lower on Sept 22 for the fourth consecutive day after swinging between gains and losses. On weekly charts, Nifty fell 2.57%, the sharpest fall since the week ended Feb 20, 2023. A fall below 19,645 could take the Nifty to 19,460-19,480 band while on rises, Nifty could face resistance at 19,849 for the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
08:28 (IST) 25 Sep 2023 F&O Ban
The NSE has added Canara Bank, Granules India, Delta Corp, Hindustan Copper, Indiabulls Housing Finance and Manappuram Finance to its F&O ban list for September 25, 2023.
08:26 (IST) 25 Sep 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 1,326.74 crore, while domestic institutional investors (DII) added shares worth net Rs 801.27 crore on September 22, 2023, according to the provisional data available on the NSE.
08:24 (IST) 25 Sep 2023 Wall Street
Wall Street closed in negative territory on Friday, September 22, 2023, as investors digested the Fed’s hawkish outlook revisions. The tech-heavy Nasdaq Composite slipped 12.18 points, or 0.09%, to 13,211.81. The Dow Jones Industrial Average tumbled 106.58 points, or 0.31%, to 33,963.84, and the S&P 500 fell 9.94 points, or 0.23%, to 4,320.06.