Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market

The equity benchmark index ended the previous week on a flat note. However, it was one of the busiest weeks during the year 2023 – both US Fed and ECB interest rate decision, a bunch of quarterly results from both India and the US, lots of economic data, April series F&O expiry and auto monthly sales data. Both Nifty and Bank Nifty sharply declined at the end of the week on Friday which resulted in the index losing the entire last three days’ gain.

Warren Buffett cautious on US banks, but sees plenty of other investment opportunities

Stocks to watch: Coal India, Adani Transmission, Adani Total Gas, Paytm, Britannia, Lupin, Ajanta Pharma, Marico

Share Market outlook today: Nifty, Bank Nifty may trade higher amid positive cues; check support, resistance

Technical Analysis: Nifty down, but not out

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VIX had plunged to a near-record low in the previous week, pointing to a sense of comfort that traders are at, despite being at lofty levels. While VIX rose over 17% by the end of the week, it is not yet at a level that could indicate an outright collapse. Towards this end, we feel that the rally still has more wind in its sails, and is likely to resume and aim for a new record peak, as long as dips do not extend beyond 18000-17800 in Nifty. Bank Nifty appears exhausted and would require ongoing dips to be held above 42400, so as not to lose the momentum to penetrate 42900 again and get back to the upside trajectory. Else, expect 41700.

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Investors in the PE asset class are looking at long-term growth potential. In the current global market, this makes the investment case for India very strong. While market volatility does slow down overall fundraising, experienced managers with track records will continue to raise capital. Multiples has always believed in diversifying our LP (limited partners) base and raising capital from the domestic market as well. What is important to note is that the domestic investor base for alternatives is growing significantly. This augurs very well in stabilizing the availability of long-term capital to high-growth private enterprises.

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Bank Nifty soared 630.05 points or 1.48% to 43,291.25. The top gainers on Nifty 50 were IndusInd Bank, AU Bank, Bandhan Bank, Axis Bank and Kotak Bank while the only losers were Punjab National Bank and Bank of Baroda.

Nifty 50 jumped 187.65 points or 1.04% to 18,256.65 and BSE Sensex surged 690.72 points or 1.13% to 61,745.01.

One 97 Communications (Paytm) share price surged 5.2% to Rs 721.5 today after the payment giant’s consolidated loss narrowed to Rs 167.5 crore in the fourth quarter ended March, compared to a loss of Rs 762.5 crore in the year-ago period. The consolidated revenue from operations jumped 51.5% to Rs 2,334.5 crore in Q4FY23 from Rs 1,540.9 crore in Q4FY22. In the past one month, Paytm shares have jumped 11.5% and 27% in the last one year.

Should you buy, sell or hold Paytm stock?

Coal India share price tanked 3% to Rs 230.4 today after the company’s consolidated net profit fell 17.7% on-year to Rs 5527.62 crore in the March quarter on higher provisions made for wage revision of employees. Consolidated revenue for the quarter stood at Rs 35161.44 crore, up 17.3% on-year. The board recommended a final dividend of Rs 4 per share. Coal India shares have risen over 4% in the last one month and jumped 23% in the last one year.

Should you buy, sell or hold Coal India stock?

Bank of India shares fell nearly 6% to Rs 81.26 despite the bank posting a standalone profit of Rs 1,350.4 crore for the March FY23 quarter, growing 123% over a year-ago period despite higher provisions. Net interest income grew by 38.6% on-year to Rs 5,523.84 crore in Q4FY23, with global advances rising 13% and deposits climbing 6.6%.

Nifty soared 112.5 points or 0.62% to 18,181.5 and Sensex jumped 531.07 points or 0.87% to…