Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 gained 10.50 points or 0.21% to settle at 21,741.90, while the BSE Sensex jumped 31.68 points or 0.04% to 72,271.94. The broader indices ended in positive territory, with gain led by Smallcap and Midcap stocks. Bank Nifty index ended lower by 57.95 points or 0.12% to settle at 46,841.25. Media and PSU Banks stocks outperformed among the other sectoral indices while Auto and Financial Services stocks shed. Nestle India, Adani Enterprises, Adani Ports and SEZ, Coal India, and Tech Mahindra were the top gainers on the NSE Nifty 50, while the laggards include Eicher Motors, Bharti Airtel, Mahindra & Mahindra, Bajaj Auto, and Hindalco. The Indian Volatility Index (India VIX) closed up by 1.22 %.
11:05 (IST) 1 Jan 2024 Nifty view
“We are close to the 21860 objective that we had pencilled in last week. If the bulls choose to ride on the momentum, we could stretch as far as 22400, but we feel that a turn lower or side ways move is highly likely given how pronounced the negative divergence is on the directional moving indicator, and with 3d RSI peaking. That we are about 8.5% above the 100 DMA also supports this construct, as the last time we were more than 10% above this benchmark, which was in late July 2023, a three month consolidation followed. We will use 21730 as a pivot to go with this construct this week,” said Anand James, Chief Market Strategist at Geojit Financial Services.
10:40 (IST) 1 Jan 2024 Early gainers on NSE
Coal India, Tata Motors, UPL, Grasim Industries, Adani Ports are the top gainers on NE nifty 50 index.
10:01 (IST) 1 Jan 2024 Bank Nifty Outlook
“Bank Nifty slipped lower, forming a small red-bodied candle on the daily chart. Resistance is situated at 48300 on the higher end. As long as the index stays below 48300, the trend could lean towards favoring the bears. Moreover, a decisive drop below 48000 might drive the index below 47500. Conversely, a decisive move above 48300 could propel the index towards 48800-49000 on the higher end,” said Rupak De, Senior Technical Analyst at LKP Securities.
09:28 (IST) 1 Jan 2024 Technical View
Commenting on the Technical outlook of Rupak De, Senior Technical Analyst at LKP Securities, said, Nifty remained sideways during the session, fluctuating within the range of 21650-21750. A doji pattern has formed on the daily chart, indicating indecisiveness in the market. This sentiment requires confirmation through a decisive breakout above 21750 or a breakdown below 21650. If it falls below 21650, the Nifty could potentially decline towards 21500. Conversely, if there’s sustained trading above 21750, the index might aim for 22000.
09:15 (IST) 1 Jan 2024 Markets at open
The NSE Nifty 50 slightly down by 0.02% to settle at 21,727.75, while the BSE Sensex opens down by 0.03% to 72,218.39.
08:58 (IST) 1 Jan 2024 F&O Ban
The NSE has added Hindustan Copper to its F&O ban list for January 1, 2023.
08:41 (IST) 1 Jan 2024 FII, DII Data
Foreign institutional investors (FII) bought shares worth net Rs 1459.12 crore, while domestic institutional investors (DII) mopped shares worth net Rs 554.39 crore on December 28, 2023, according to the provisional data available on the NSE.
08:33 (IST) 1 Jan 2024 Crude Oil
WTI crude prices are trading at $71.65 down by 0.17%, while Brent crude prices are trading at $77.08 down by 0.09%, on Monday morning.
08:21 (IST) 1 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 0.10% at 101.33.
08:08 (IST) 1 Jan 2024 Wall Street
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, reports Bloomberg. 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.
