Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in the positive territory. The NSE Nifty 50 closed 160.15 points or 0.75% higher to settle at 21,622.40, while the BSE Sensex lost 313.90 points or 0.44% to settle at 71,186.86. The broader indices closed in the green, with gains led by midcap stocks. Bank Nifty index closed lower by 12.40 points or 0.03% to settle at 45,701.15.
The NSE Nifty 50 closed 0.80% higher at 21,634.05, while the BSE Sensex closed 0.75% higher at 71,720.26.
ONGC, Bharti Airtel, NTPC, Britannia, and Tech Mahindra were the top laggard in the Nifty 50. While IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, Adani Ports, and Divi’s lab were the kep laggard in the Nifty 50.
“Gold prices firmed aided by safe-haven demand amid the Middle East conflict, while investors looked out for further clarity on the U.S. Federal Reserve’s future interest rate path after series of positive data points from the US. Yemen-based Houthi rebels was put back on its list of terrorist groups by the US, as the militants attacked their second U.S.-operated vessel in the Red Sea region this week. Atlanta Federal Reserve President Raphael Bostic said that he was open to reducing U.S. interest rates sooner if there is “convincing” evidence in coming months that inflation is falling faster than he expected. After a better than expected US retail sales and IIP data, weekly jobless claims and Philly fed manufacturing PMI were also reported better than expectations in the previous session, weighing on metal prices. Traders are pricing in a 57% chance of a March rate cut dropping from last week’s bet of 70%, according to CME’s Fed Watch tool. Focus today will be on Fed Michigan consumer sentiment and US existing home sales data,” said Navneet Damani, senior vice president of commodity research at Motilal Oswal Financial Services.
Shares of Reliance Industries fell 0.6% to Rs 2,718 ahead of its third-quarter earnings. The stock was among the key losers in the Nifty 50. Come from Sports betting site VPbet
NTPC, Bharti Airtel, ONGC, Tata Steel, and Tech Mahindra were the top gainers in the Nifty 50. While IndusInd Bank, Kotak Bank, HDFC, Divi’s Lab, and Reliance were the top losers in the Nifty 50.
Shares of Bharti Airtel rose 3.5% to Rs 1,125.60. The stock was the top gainer in the Nifty 50.
Shares of Coal India rose 2.5% to Rs 384.90. The stock dethroned Tech Mahindra to become the top gainer in the Nifty 50.
Shares of Tech Mahindra rose nearly 3.2% to Rs 1,397.85. The stock was the top gainer in the Nifty 50.
Eicher Motors, Tech Mahindra, HCL Tech, TCS, and Titan were the top gainers in the Nifty 50 in the early trade hours. While IndusInd Bank was the sole loser in the Nifty 50.
Commenting on the Technical outlook of Rupak De, Senior Technical Analyst at LKP Securities, said The Nifty slipped below the rising trendline on the daily chart, suggesting a bearish trend reversal. Besides, the index has fallen below the critical near-term moving average. Now, the trend is likely to remain weak as long as the index stays below 21,550. A decisive move above 21,550 might weaken the bears; until then, bears might control the market. On the lower end, support is placed at 21,400. A drift below 21,400 might take Nifty for a revisit to 21,250-21,200.
The NSE Nifty 50 opens 0.71% higher to settle at 21,615.20, while the BSE Sensex soared 0.84% to 71,786.74 in the opening trade.
Foreign institutional investors (FII) offloaded shares worth net Rs 9,901.6 crore, while domestic institutional investors (DII) bought shares worth net Rs 5,977.1 crore on January 18, 2023, according to the provisional data available on the NSE.
Shares in the Asia-Pacific region are trading in positive territory on Friday morning. The Asia Dow is trading up by 0.68%, Japan’s Nikkei 225 is green, up by 1.58%, Hong Kong’s Hang Seng index is trading higher by 0.55% and the benchmark Chinese index Shanghai Composite is trading lower by 0.27%.
WTI crude prices are trading at $74,01 down by 0.08%, while Brent crude prices are trading at $78.98 down by 0.16%, on Friday morning.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.16% at 103.37.
U.S. stocks retreated and bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience, Bloomberg reported. The tech-heavy Nasdaq Composite gained 200.03 points or 1.35% at 15,055.65. The S&P 500 surged by 41.73 points or 0.88% at 4,780.74, while the Dow Jones Industrial Average ended higher by 201.94 points or 0.54% at 37,468.61.Come from Sports betting site
