Share Market Highlights: Nifty settles above 17740, Sensex jumps 400 pts; Bank
16:12 (IST) 24 Apr 2023
Where are NSE Nifty 50, Bank Nifty headed?
Benchmark indices NSE Nifty and BSE Sensex ended Monday’s session broadly in green. “The positive market sentiment in the domestic market was boosted by strong earnings reported by heavyweights. This led to a reversal in the cautiousness from the initial below-expectation FYQ4 results. However, the weak global sentiment did raise some concerns midway. But the banking sector played a key role in this upward trend, with sector majors reporting strong earnings,” said Vinod Nair, Head of Research at Geojit Financial Services.
15:42 (IST) 24 Apr 2023
Banking indices surge upto 2.6%
In sectoral indices, Bank Nifty skyrocketed 517.75 points or 1.23% to 42,635.75, Nifty Financial Services soared 239.2 points or 1.28% to 18,992.95 and Nifty PSU Bank zoomed 101.2 points or 2.61% to 3,984.20.
15:41 (IST) 24 Apr 2023
Nifty, Sensex end in green
The NSE Nifty 50 jumped 119.35 points or 0.68% to 17,743.40 and BSE Sensex surged 401.04 points or 0.67% to 60,056.10.
15:18 (IST) 24 Apr 2023
Bank Nifty jumps 600 pts, tops 42700
Bank Nifty jumped 1.4% or 600 points today, touching an intraday high of 42,714.15. Analysts believe ICICI Bank’s strong Q4 results pushed the banking index upward. Meanwhile, the NSE Nifty 50 surged over half a percent, surpassing the crucial 17700 level. Today’s top gainers on the Bank Nifty were IDFC First Bank, ICICI Bank, State Bank of India, Axis Bank and Bank of Baroda while the losers were IndusInd Bank, Kotak Bank and AU Bank.
13:44 (IST) 24 Apr 2023
Nykaa, VR Ltd among 21 stocks that hit 52-week lows
Alternatively, 21 stocks including VR Limited, C.E. Info Systems, Punjab Chemicals & Crop Protection, Keystone Realtors, and BEML Land Assets are at 52 week lows. FSN E-Commerce Ventures, which operates under the name Nykaa, at 52 week lows.
13:43 (IST) 24 Apr 2023
ITC, Bajaj Auto among 40 stocks that hit 52-week high
On the NSE Nifty, 40 stocks hit their 52 week highs including Wendt (India), Bajaj Auto, Power Mech Projects, Lumax Industries, Cyient, Godrej Consumer Products, JBM Auto, Surya Roshni, Ksolves India, Mrs Bectors Food Specialities, Hariom Pipe Industries, Zydus Lifesciences, ITC, Ramky Infrastructure, Sanghvi Movers, Royal Orchid Hotels, Lumax Auto Technologies, Choice International, Anmol India, Lambodhara Textiles, Global Surfaces and Rail Vikas Nigam among others.
13:42 (IST) 24 Apr 2023
Nifty50 – top gainers/losers
On the NSE Nifty index, the top winners are HDFC Life, Tata Consumer, Apollo Hospitals, Wipro, Hero MotoCorp, with HDFC Life up 3.88%. The biggest laggards are Dr Reddy, Sun Pharma, Cipla, SBI Life, UPL, with Dr Reddy down 2.06%.
13:41 (IST) 24 Apr 2023
RIL, ICICI Bank among most active stocks
HDFC Bank, ICICI Bank, HDFC Life, Reliance Industries and Axis Bank are the most active Nifty 50 stocks intraday.
13:40 (IST) 24 Apr 2023
Sectoral indices trade mixed
The sectoral indices traded mixed, with Nifty Pharma falling 1% and Nifty Media losing 1.26%. However, Nifty PSU Bank gained 0.82% and Bank Nifty traded up by 0.72%.
13:39 (IST) 24 Apr 2023
Broader indices trade in green
The broader markets traded largely in the positive territory, with Nifty Smallcap 50 higher by 0.5% and Nifty Midcap 50 higher by 0.53%.
13:27 (IST) 24 Apr 2023
Bank Nifty jumps 460 pts to 42580
Bank Nifty surged 468.1 points or 1.11% to 42,586.10. The top gainers on the index were IDFC First Bank, ICICI Bank, Axis Bank, State Bank of India and Bank of Baroda while the sole loser was Kotak Bank.
12:35 (IST) 24 Apr 2023
Nifty may extend consolidation in 17500-17800 range; Bank Nifty support placed at 41200 level
The equity benchmarks snapped a three-week winning streak and closed lower by 1.1% amid muted global cues last week. Broader markets relatively outperformed as the Nifty Midcap index gained 0.5%. Sectorally, beaten-down mid-small cap stocks staged a recovery last week with outperformance from Pharma, chemicals and BFSI.
12:00 (IST) 24 Apr 2023
Rupee may depreciate further amid stronger US dollar
Rupee depreciated last week and touched 82.32 level amid rebound in US dollar and risk aversion in global markets. Meanwhile, sharp drop in crude oil prices helped local currency to restrict the declines. We expect the dollar index to rise further till 102.60 level on rising hopes that the Federal reserve may hike interest rates further in its May meeting as well. Money markets now pricing in a roughly 86% chance of a 25 basis point hike in May month. Further, mounting global recession…
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