Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended the week’s last trading session in positive territory. The NSE Nifty 50 surged 0.75% to settle at 19,638.30, while the BSE Sensex added 320.09 points to 65,828.41. The broader indices settled in green with the gains led by Midcap and Smallcap stocks. The Bank Nifty index added 283.60 points, or 0.64%, to 44,584.55. The other sectoral indices settled broadly in green except for IT. The gains among the sectoral indices were led by pharmaceutical, metal, media, and financial services stocks.
Share Market Highlights: Markets end higher! Nifty near 24,550, Sensex gains over 1300 points led by IT and Realty stocks Share Market Highlights: Market ends in red! Nifty slips below 24,150, Sensex plunges over 700 points; Financial Services and PSU Banks sees sharp cut Share Market Highlights: Markets end in deep red! Nifty closes at 24,700, Sensex plunges over 900 points; sharp cuts in realty and auto Share Market Highlights: Market ends higher! Nifty ends above 25,000, Sensex over 81,850; Energy and FMCG stocks shine
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
The NSE Nifty 50 surged 0.75% to settle at 19,638.30, while the BSE Sensex added 320.09 points to 65,828.41.
For the September Series, Nifty closed at around 19,525 after Volume weighted average price (VWAP) based selling activity was witnessed throughout the day. Nifty October Futures contract Open Interest started with around 97 lakh vs 100 lakh in September.
Banknifty October futures have seen an Open Interest of around 22 lakh vs 23.6 lakh in September. At expiry, VIX was at around 12.5% levels implying around 690 odd points swing in the NIFTY in next 30 days.
The highest Nifty October monthly options Open Interest is at 19500 PE and 20000 CE. Nifty 20000 Call Open Interest stands at around 46000 contracts and 19500 Put Open Interest at around 102000 contracts.
The global rating agency Moody has upgraded Tata Power's rating to Ba1 from Ba2 while calling the outlook 'stable'. “The rating upgrade to Ba1 is driven by Tata Power's solid financial metrics, which are projected to remain above the
upgrade trigger set for the earlier Ba2 rating” said Moody.
The Nifty Pharma index soared nearly 3% during intra-day trade on Friday. The gains were led by Glenmark Pharma with a whopping 9.30% and Aurobindo Pharma with 5.91%. Dr Reddy's Labs, Abbott India, and Torrent Pharma also joined the rally and added gains of over 3% each.
The stock price of Larsen & Toubro surged over 0.73% to hit a new 52-week high of Rs 3,058.35 during the intra-day trade on Friday. The surge came following the news that the company's Heavy Civil Infrastructure business vertical has bagged a mega order worth above Rs 7,000 crore from the Mumbai Metropolitan Region Development Authority (MMRDA).
The Nifty Pharma index soared over 430 points to 15,455.95 during the intra-day trade on Friday. The gains were led by Glenmark Pharma and Aurobindo Pharma with 5.9% and 5.73%, respectively.
Plaza Wires IPO opened for public subscription today and will close on Thursday, October 5, 2023. Ahead of the public issue, Plaza Wires shares’ grey market premium (GMP) rose 28%.
“We expect crude oil prices to remain volatile in today’s session. Crude oil has support at $90.10–89.40 and resistance is at $91.90–92.50 in today’s session. In INR Crude oil has support at Rs 7,530 – 7,450, while resistance is at Rs 7,710 – 7,780,” said Rahul Kalantri, VP Commodities, Mehta Equities.
The Nifty Metal index surged 1.21% during early trade on Friday. The gains were led by Hindustan Copper and Hindustan Zinc, with 2.85% and 2.60%, respectively.
The NSE Nifty 50 opened at 19,581.20, up 0.29%, while the BSE Sensex opened at 65,743.93, up 235 points.
“Markets may see a firm opening on the back of strong global cues, but stocks are likely to fluctuate intra-day given the uncertainty over rising interest rate scenario, surge in US dollar and bond yields, and rising crude oil prices. Technically, as long as Nifty trades below the 19,807 mark the bears are likely to be everywhere. Nifty’s biggest intraday support seen at 19,471 and then downside risk seen at 19,221 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
“The daily momentum indicator has a negative crossover which is a sell signal. On the downside we expect the Bank Nifty to drift towards 43,800. On the upside 44,700 – 44,800 shall act as an immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
Nifty is at the important level at EMA 50, if the follow-up candle comes negative, we can be open for target near 19,300-19,200. The short-term resistance is at the 19,800 level. The major support level in Nifty is at the 19,500 level.
-Stoxbox
Foreign institutional investors (FII) offloaded shares worth net Rs 3,364.22 crore, while domestic institutional investors (DII) added shares worth net Rs 2,711.48 crore on September 28, 2023, according to the provisional data available on the NSE.
Adani Power, Adani Green Energy, Adani Energy Solutions, Coforge, Emami and Piramal Pharma are among the top stocks to watch during Friday's trading session.
Wall Street ended higher on Thursday. The tech-heavy Nasdaq Composite soared 108.43 points, or 0.83%, to 13,201.28. The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34 and the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70.
