Share Market News Today | Sensex, Nifty, Share Prices Highlights : The benchmark equity indices ended Tuesday’s trading session in the negative territory. The NSE Nifty 50 dipped 76.10 points or 0.35% to settle at 21,660.25, while the BSE Sensex slumped 379.46 points or 0.53% to 71,892.48. The broader indices ended in red, with fall led by Largecap and Smallcap stocks. Bank Nifty index ended lower by 472.65 points or 0.98% to settle at 47,761.65. Divis Labs, Adani Ports and SEZ, Coal India, Sun Pharma, Coal India, and Cipla were the top gainers on the NSE Nifty 50, while the laggards includes Eicher Motors, Mahindra & Mahindra, Ultra Tech Cement, L&T, and Kotak Mahindra Bank. The Indian Volatility Index (India VIX) closed down by 0.68 %
Source: NSE
12:02 (IST) 2 Jan 2024 Derivative market view
“Nifty weekly contract has highest open interest at 22000 for Calls and 21700 for Puts while monthly contracts have highest open interest at 22000 for Calls and 21000 for Puts. Highest new OI addition was seen at 22400 for Calls and 18300 for Puts in weekly and at 22000 for Calls and 22000 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 0.71%, increased future index shorts by 2.55% and in index options by 36.11% in Call longs, 49.21% in Call short, 20.05% in Put longs and 36.85% in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
11:29 (IST) 2 Jan 2024 USD-INR Market View
“Expect brief upswings on the first test of 83.17, but we see no signs of uptrend past 83.4 yet though. But a push above 83.25 could signal strength,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:59 (IST) 2 Jan 2024 Early gainers on NSE
Divis Labs, Coal India, Sun Pharma, Cipla, and DR. Reddy’s Lab are the top early gainers on NSE Nifty 50.
09:46 (IST) 2 Jan 2024 Bank Nifty view today
“The Bank Nifty has fallen below 20DMA on the hourly chart, suggesting a waning bullishness. The sentiment might remain weak over the short term, however immediate support is placed at 48000, where put writers are present heavily. A decisive fall below 48000 might take the index towards 47700/47500. On the higher end, 48300 is a significant level of resistance and bullish momentum might resume only above that level only,” said Rupak De, Senior Technical Analyst at LKP Securities.
09:35 (IST) 2 Jan 2024 F&O Ban
The NSE has added Balrampur Chini Mills and Hindustan Copper to its F&O ban list for January 2, 2023.
09:23 (IST) 2 Jan 2024 Technical View on Share Market Today
Commenting on the Technical outlook of Rupak De, Senior Technical Analyst at LKP Securities, said, Nifty remained volatile throughout the session as traders remained indecisive. On the hourly chart, the Nifty fell below 20 DMA on an intraday basis before closing on a positive note. Going forward a decisive fall below 21650 might call for directional fall in the market. On the higher end, a close above 21750 might take the index towards the higher levels.
09:16 (IST) 2 Jan 2024 Markets at open
The NSE Nifty 50 gained 0.04% to settle at 21,751.35, while the BSE Sensex soared 0.08% to 72,332.85.
09:01 (IST) 2 Jan 2024 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 855.8 crore, while domestic institutional investors (DII) bought shares worth net Rs 410.5 crore on January 01, 2023, according to the provisional data available on the NSE.
08:51 (IST) 2 Jan 2024 Asian Markets
Shares in the Asia-Pacific region are trading mostly in mixed territory on Tuesday morning. The Asia Dow is trading up by 0.46%, Japan’s Nikkei 225 is red, down by 0.22%, Hong Kong’s Hang Seng index is trading up by 0.02% and the benchmark Chinese index Shanghai Composite is trading higher by 0.68%.
08:39 (IST) 2 Jan 2024 Crude Oil
WTI crude prices are trading at $72.08 up by 0.60%, while Brent crude prices are trading at $77.49 up by 0.58%, on Tuesday morning.
08:25 (IST) 2 Jan 2024 US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.01% at 101.39.
08:13 (IST) 2 Jan 2024 Wall Street
Stock market in the US had a trading holiday on 1st Jan. Previously on Friday Bloomberg reported that the Wall Street’s final session of 2023 saw stocks taking a breather after a rally that put the market on pace for its ninth straight week of gains—the longest winning streak since 2004. The tech-heavy Nasdaq Composite dipped 68.65 points or 0.45% at 15,026.49. The S&P 500 dropped by 11.36 points or 0.24% at 4,771.99, while the Dow Jones Industrial Average ended lower by 36.83 points or 0.10% to 37,673.27.
