Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in the negative territory. The NSE Nifty 50 closed 215.50 points or 0.99% lower to settle at 21,522.10, while the BSE Sensex lost 801.67 points or 1.11% to settle at 71,139.90. The broader indices closed in the red, with largecap and midcap stocks falling the most. Bank Nifty index lost 74.60 points or 0.16% to settle at 45,367.75.
The NSE Nifty 50 closed 207.05 points or 0.95% lower at 21,530.55 points. While the 30-stock BSE Sensex closed 760.07 points or 1.06% lower at 71,181.50 points.
The NSE Nifty 50 lost 211.35 points or 0.97% at 21,526.25. While the BSE Sensex shed 771.45 points or 71,170.12 points or 1.07% at 71,170.12.
Tata Motors, BPCL, Grasim Industries, Eicher Motors, and Adani Enterprises were the top gainers in the Nifty 50. While Bajaj Finance, Titan, Ultratec Cement, Reliance Industries, and NTPC were the key losers.
Shares of Hindustan Petroleum rose 7.3% to hit a new 52-week high of Rs 485.30.
“USDINR CMP- 83.1250 (spot) Indian Rupee gained on Tuesday on softening of US Dollar and a decline in crude oil prices from higher levels. However, weak domestic markets capped sharp gains. US Dollar eased slightly today on rise in risk appetite in global markets,” said Anuj Choudhary, research analyst at Sharekhan by BNP Paribas.
“We expect Rupee to trade with a slight negative bias on month end Dollar demand from importers and concerns over geopolitical tensions in the Middle East and the Red Sea. Any recovery in US Dollar or crude oil prices may also weigh on Rupee. However, rise in risk appetite in global markets may support Rupee at lower levels. Traders may take cues from US consumer confidence and JOLTS job openings data. Investors may remain cautious ahead of US FOMC meeting and India’s Budget later this week. USDINR spot price is expected to trade in a range of Rs 82.90 to Rs 83.40,” added Choudhary.
The sectoral-indice Nifty Consumer Durables fell 1.22% to the intraday low of 31,195.55 points. Titan being the major stock dragging the index.
Shares of BPCL rose 5.1% to hit a new 52-week high of Rs 517.85. The stock was the top gainer in the Nifty 50.
Shares of Tata Motors rose 5.3% to hit a fresh 52 week-high of Rs 885.95. The stock was the top gainer in the Nifty 50.Come from Sports betting site
BPCL, Tata Motors, Hindalco, ONGC, and Hindustan Unilever were the top gainers in the Nifty 50. While Bajaj Finance, ITC, NTPC, Bajaj Finserv, and Reliance Industries were the key laggards in the Nifty 50.
The NSE Nifty 50 was trading 28.45 points or 0.13% lower at 21,709.42. While the BSE Sensex was trading 212 points or 0.29% lower at 71,729.
Shares of BHEL rose 6% to hit a new 52-week high of Rs 234.45. The stock was among the top gainers in the Nifty 50.
Shares of ZEE Entertainment rose 9% to Rs 176.30. Come from Sports betting site VPbet
Shares of BPCL rose 3.8% to hit a fresh 52-week high of Rs 511.40. The stock was the top gainer in the Nifty 50.
Shares of Bajaj Finance fall 4.8% to Rs 6,840.50. The stock was the key laggard in the Nifty 50.
ONGC, BPCL, Hindustan Unilever, Hindalco, and Bharti Airtel were the top gianers. While Bajaj Finance, Bajaj Finserv, Ultratech Cement, Coal India, and NTPC were the key losers.
The NSE Nifty 50 opened 64.05 points or 0.29% higher at 21, 801.65. While the BSE Sensex opened 181.04 points or 0.25% higher at 72,122.61.
The three major US benchmark indices closed in the green, with the S&P 500 closing at a record high of 4,927.93. The tech-heavy Nasdaq Composite gained 1.12% at 15,628.04. The 30-stock Dow Industrial Average inched up 224.02 points, or 0.59%, to 38,333.45.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, traded lower by 0.15% at 103.46.
WTI crude prices are trading at $77.12 up by 0.45%, while Brent crude prices are trading at $82.12 up by 0.35%, on Tuesday morning.
Shares in the Asia-Pacific region were trading on a mixed note during the early trade hours. The Asia Dow is trading down by 1.50%, whereas Japan’s Nikkei 225 is trading in the green, up by 0.11% and Hong Kong’s Hang Seng index is trading lower by 1.68%. The benchmark Chinese index Shanghai Composite is trading lower by 0.75% during the early trade hours.
Foreign institutional investors (FII) bought shares worth net Rs 110.01 crore. Domestic institutional investors (DII) bought shares worth net Rs 3,221.34 crore on January 29, 2024, according to the provisional data available on the NSE.
Commenting on the Technical outlook of Jatin Gedia, a technical research analyst at Sharekhan by BNP Paribas, said that the Nifty opened gap up and continued to inch higher throughout the day to close in the green up ~385 points. On the daily charts we can observe that the Nifty has breached the previous swing high of 21750 and hence violates the downtrend as the lower top lower bottom formation has been violated. During the fall the Nifty held on to the support of the 40 day average placed around 21200 which shall now act as a lower boundary during the consolidation phase. On the upside, the Index can continue its pullback towards 21913 which coincides with the 78.6% fibonacci retracement level of the fall from 22124 – 21137 and also the gap formed on the 17th January, 2024 in the range 21850 – 22000 shall act as an immediate hurdle going ahead. The daily momentum indicator has a negative crossover however it has reached the equilibrium line and also prices are not showing weakness which can lead to a range bound action over the next few trading sessions. Considering the above parameters we shall change our outlook on the Nifty to sideways and the broad range of consolidation is likely to be 21200 – 22000.
“Bank Nifty is in the process of retracing the fall it has witnessed from 48300 – 44500 and hence the pullback can continue till 46000 – 46200 from short term perspective. On the downside 45110 is the crucial support from short term perspective,” said Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas.
