Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained 34.45 points or 0.16% to settle at 21,453.10, while the BSE Sensex jumped 122.09 points or 0.17% to 71,437.19. The broader indices ended in mixed, with gain led by Largecap and Smallcap stocks. Bank Nifty index ended flat slightly higher by 3.20 points or 0.01% to settle at 47,870.90. FMCG and Oil & Gas stocks outperformed among the other sectoral indices while IT and Media stocks shed. Coal India, Nestle India, NTPC, Cipla, and Tata consumers were the top gainers on the NSE Nifty 50, while the laggards includes Adani Ports and SEZ, Wipro, Adani Enterprises, UPL, and TCS. The Indian Volatility Index (India VIX) closed down by 0.59 %. The Indian Volatility Index (India VIX) closed down by 0.23 %.
10:13 (IST) 19 Dec 2023 USD-INR outlook:
“Pull back attempts may be capped at 83.15 or 83.27 in a very optimistic scenario, but it would require a slippage past 83.09 to initiate declines again,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:52 (IST) 19 Dec 2023 Bank Nifty Outlook
“The Bank Nifty index encountered resistance around the 48000 level, resulting in an inability to sustain at those higher levels, leading to some selling pressure. The immediate support for the index is positioned at 47800. A breach below this level could intensify the selling pressure, potentially pushing the index towards the 47400/47000 marks,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
09:35 (IST) 19 Dec 2023 F&O Ban
The NSE has added NALCO, Balrampur Chini Mills, Hindustan Copper, India Cements, Manappuram Finance, SAIL and Zee Entertainment Enterprises to its F&O ban list for December 19, 2023.
09:28 (IST) 19 Dec 2023 Technical View
Commenting on the Technical outlook of Rupak De, Senior Technical analyst at LKP Securities, said, On the daily chart, the Nifty has formed a Bearish Harami candlestick pattern, suggesting a potential interruption in the ongoing rally. Additionally, the RSI indicator on the hourly timeframe has undergone a bearish crossover within the oversold zone, hinting at a waning bullishness in the market. A decline below 21350 could lead a correction towards 21220/21100 in the short term. Conversely, resistance is anticipated at 21500 on the higher end.
09:16 (IST) 19 Dec 2023 Markets at open
The NSE Nifty 50 opens 0.28% to settle at 21,477.65, while the BSE Sensex gains 0.23% to 71,479.28.
09:03 (IST) 19 Dec 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 33.5 crore, while domestic institutional investors (DII) bought shares worth net Rs 413.9 crore on December 18, 2023, according to the provisional data available on the NSE.
08:48 (IST) 19 Dec 2023 US Dollar
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded slightly lower by 0.04% at 102.51.
08:34 (IST) 19 Dec 2023 Asian Markets
Shares in the Asia-Pacific region are trading in the negative territory on Tuesday morning. The Asia Dow is trading down 1.10%, Japan’s Nikkei 225 is red, down 0.08%, Hong Kong’s Hang Seng index is trading down 0.98% and the benchmark Chinese index Shanghai Composite is down by 0.40%.
08:16 (IST) 19 Dec 2023 Wall Street
U.S. stocks kicked off the week on a positive note buoyed by a burst of deals, even as Federal Reserve officials sought to sow doubts that aggressive interest rate cuts will materialise early next year, Bloomberg reported. The tech-heavy Nasdaq Composite gained 90.89 points or 0.61% at 14,904.81. The S&P 500 jumped 21.37 points or 0.45% at 4,740.56, while the Dow Jones Industrial Average ended flat slightly higher by 0.86 points or 0.02% to 37,306.02.
