Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Thursday’s trading in negative territory. The NSE Nifty 50 slipped 17.35 points or 0.09% to settle at 19,794, while the BSE Sensex shed 64.66 points to 66,408.39. Smallcap and Midcap stocks led gains among the broader indices, while Nifty 100 and Nifty 200 slipped marginally. The Bank Nifty index added 82.30 points or 0.18% to settle at 44,599.20. Among sectoral indices, Media led the gains and added 3.02%, while Auto and Metal also joined the rally. Meanwhile, IT and Realty stocks settled in the red. The Volatility index (India VIX) tumbled 3.34%.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
15:35 (IST) 12 Oct 2023 Markets at close
The NSE Nifty 50 slipped 17.35 points or 0.09% to settle at 19,794, while the BSE Sensex shed 64.66 points to 66,408.39.
14:56 (IST) 12 Oct 2023 Gold Outlook
“Today’s data docket includes US CPI inflation and UK’s monthly GDP data. Total known global gold ETF holdings remain uninspiring at the lowest level since 2020. The US CPI inflation data will be critical for the yellow metal. Hotter than expected readings will negate the impact of the dovish Fedspeak, thus gold may fall in that case. Support is at $1850. Resistance is at $1885,” said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
14:21 (IST) 12 Oct 2023 USD-INR
“USDINR CMP- 83.17 (spot) Indian Rupee appreciated on Thursday on weak US Dollar and mixed to positive tone in domestic markets. We expect Rupee to trade with a slight positive bias on expectations of a decline in India’s inflation and rise in risk appetite in global markets. A weak tone in US Dollar may also support Rupee. However, geopolitical uncertainty due to the ongoing conflict Hamas and Israel may cap sharp upside. Any recovery in crude oil prices and selling pressure from FIIs may also weigh on Rupee at higher levels. Traders may remain cautious ahead of India’s CPI and IIP data. Traders may also take cues from US CPI, weekly unemployment claims and Federal Budget balance data. USDINR spot price is expected to trade in a range of Rs 82.70 to Rs 83.60,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
14:01 (IST) 12 Oct 2023 Volume Gainers
Asian Hotels (North), Shalimar Paints, Plastiblends India, MMTC, Aaa Technologies, Aster DM Healthcare and Dredging Corporation are among the volume gainers on the NSE.
13:31 (IST) 12 Oct 2023 IT stocks fall
The Nifty IT index fell 1.13% during the intra-day trade on Thursday. HCL Tech and TCS lost 2.02% and 1.65% respectively.
12:17 (IST) 12 Oct 2023 Active stocks on NSE
Gujarat Mineral Development Corpn, TCS, Zomato, Reliance Industries and Infosys are among the most active stocks on the NSE.
11:58 (IST) 12 Oct 2023 ICICI Direct informs clients of difficulty placing trades on BSE, asks them to shift to NSE
ICICI Direct brokerage said on Thursday that its clients might face difficulty placing trades on the BSE exchange as there is a connectivity issue at the stock exchange. The brokerage advised its clients to place trades at NSE.
“You may face difficulty in placing trades on BSE exchange as there is a connectivity issue at BSE. You can place your trades at NSE, which is working fine. We are working with BSE team on resolving it and will update once it is up,” ICICIdirect said on social media platform X.
11:00 (IST) 12 Oct 2023 Media stocks zoom
The Nifty Media index surged 1.94% during the intra-day trade on Thursday. Network18 Media & Investments and TV18 Broadcast led the gains with 7.62% and 4.49%, respectively.
10:29 (IST) 12 Oct 2023 Plaza Wires sees bumper debut on bourses
Plaza Wires’ shares listed at 55.55% premium over the IPO price on bourses on Thursday. The share debuted at Rs 84 on the BSE, as compared to the issue price of Rs 54. The investors have made a profit of Rs 30 per share as the scrip gave more than 55% returns to investors on the listing.
09:51 (IST) 12 Oct 2023 Metal stocks shine
The Nifty Metal index soared 1.42% during the early trade on Thursday. National Aluminium Company and NMDC led the gains and added 4.96% and 4.69%, respectively.
09:22 (IST) 12 Oct 2023 Derivative Outlook
“Nifty weekly contract has highest open interest at 20000 for Calls and 19600 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new OI addition was seen at 19950 for Calls and 19800 for Puts in weekly and at 20100 for Calls and 19800 for Puts in monthly contracts. FIIs increased their future index long position holdings by 3.82%, decreased their future index shorts by 7.59%. FIIs decreased index options by 4.80% in Call longs, 7.11% decrease in Call short, 27.36% decrease in Put longs and 28.95% decrease in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:20 (IST) 12 Oct 2023 Markets at open
The NSE Nifty 50 opened at 19,822.70, up marginally 0.05%, while the BSE Sensex opened at 66,564.57, up 91.52 points.
09:16 (IST) 12 Oct 2023 Market Outlook
“There are positive developments that can strengthen the rally in the market. Steadily declining trend in the dollar index and the US bond yields, declining crude and sharp dip in FII selling in the cash market are big positives for the market. If the US CPI inflation data expected tonight dips below 3.6 % that will be a shot in the arm for the bulls. The concerns triggered by the Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up. Results of TCS is a mixed bag with the top line disappointing and the bottom line and margins coming good. The market will wait for the results of Infosys and HCL Tech due today for taking a view on the IT segment. The rally in banking stocks have more steam left.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:12 (IST) 12 Oct 2023 Technical View
“In the daily chart, the Nifty index continues to exhibit a bullish trend, maintaining its position above the channel breakout level. The positive trend is expected to persist as long as the index remains above the 19,800 level. On the upside, there is potential for the index to extend its gains towards the 20,000 mark. However, if it falls below 19,550, we may witness a period of consolidation,” said Mandar Bhojane, Research Analyst, Choice Broking.
08:58 (IST) 12 Oct 2023 USD-INR
“The USD -INR 27th October futures contract displayed a narrow trading range. Upon analyzing the daily technical chart, we observed that the pair is trading above its moving average trend-line support level of 83.20, and the RSI is holding above the 50-level mark. However, in terms of the technical setup, the MACD is indicating a negative divergence. Despite this, the pair is maintaining its position above the 83.20 level. According to the daily technical chart, the pair has a support zone in the range of 83.20 to 83.05, with resistance levels situated between 83.45 and 83.66. A critical resistance point is found at 83.35, and if the pair manages to breach and sustain above this level, it could potentially exhibit increased strength in the upcoming trading sessions,” said Rahul Kalantri, VP Commodities, Mehta Equities.
08:45 (IST) 12 Oct 2023 Plaza Wires set to debut on bourses
“The IPO was subscribed 160.97 times, making it one of the most oversubscribed IPOs of the year. Based on the latest grey market premium (GMP) of Rs 23, the expected listing price of Plaza Wires is around Rs 77 per share. This is a premium of 42.59% to the IPO price band of Rs 51–54 per share. Plaza Wires is a well-managed company with a strong track record of growth and the IPO was also well received by the investors. Thus it is expected to witness a good listing, with the stock likely to trade at a premium,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
08:31 (IST) 12 Oct 2023 Buzzing stocks
TCS, Larsen & Toubro, Maruti Suzuki India, Glenmark Life Sciences, Vedanta and Plaza Wires are among the top stocks to watch during Thursday’s trading session.
08:14 (IST) 12 Oct 2023 F&O Ban
The NSE has added Balrampur Chini Mills, Hindustan Copper, India Cements, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank to its F&O ban list for October 12, 2023.
08:13 (IST) 12 Oct 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 421.77 crore, while domestic institutional investors (DII) added shares worth net Rs 1,032.02 crore on October 11, 2023, according to the provisional data available on the NSE.
08:12 (IST) 12 Oct 2023 Crude Oil
WTI crude prices are trading at $83.05, down 0.54%, while Brent crude prices are trading at $85.45, down 0.43%, on Thursday morning.
08:12 (IST) 12 Oct 2023 Wall Street
Wall Street’s major indexes ended higher on Wednesday. The tech-heavy Nasdaq Composite gained 96.83 points, or 0.71%, to 13,659.68. The Dow Jones Industrial Average added 65.57 points, or 0.19%, to 33,804.87, while the S&P 500 rose 18.71 points, or 0.43%, to 4,376.95.