Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in positive territory on March 18. The NSE Nifty 50 closed 32.35 points or 0.15% higher to settle at 22,055.70, while the BSE Sensex gained over 100 points or 0.14% to settle at 72,748.42. However, the broader indices closed in the red, with midcap and smallcap stocks bleeding the most. Nifty Midcap 100 lost more than 150 points or 0.39% to settle at 46,501.65.
The NSE Nifty 50 closed 0.13% higher at 22,051.15, while the BSE Sensex closed 0.14% higher at 72,748.34.
Courtesy: NSE
Tata Steel, JSW Steel, M&M, Tata Motors, and Apollo Hospitals were the top gainers in the Nifty 50. While Tata Consumer, UPL, Titan, Adani Ports, and Infosys were the key laggards in the Nifty 50 on March 18.
Tata Steel, M&M, JSW Steel, Bajaj Auto, and Coal India were the top gainers in the Nifty 50. While UPL, Tata Consumer, Adani Ports & SEZ, Titan, and Adani Enterprises were the major losers in the Nifty 50 on March 18.
Courtesy: NSE
Courtesy: NSE
Shares of Coforge fell 7.2% to an intraday low of Rs 5,675 after the company approved raising Rs 3,200 crore fund through QIP.
The company’s board has approved raising of funds for an aggregate amount not exceeding Rs 3,200 crores or an equivalent amount thereof by way of qualified institutional placement or other permissible modes in accordance with the applicable laws, the company said in an exchange filing.
The NSE Nifty was up 2.15 points or 0.01% at 22,025.50 while the 30-stock Sensex was up 33.62 points or 0.05% at 72,677.05.
Tata Steel, JSW Steel, M&M, Bajaj Auto, and Tata Motors were the top gainers in the Nifty 50. While Adani Ports, UPL, Adani Enterprises, Tata Consumer, and Titan were the major losers in the Nifty 50 on March 18.
Courtesy: BSE
Shares of Adani Ports and SEZ fell 4.3% to an intraday low of Rs 1,227.25. The stock was the major loser in the Nifty 50. It has a lower band of Rs 1,154.70. The stock of the company hit a 52-week-low of Rs 571.55 on March 28, 2023.
The stock of Adani Enterprises fell 5% to an intraday low of Rs 2,976.05 after the US initiated a probe against the company’s promoter regarding bribes. The stock was the key laggard in the Nifty 50. It has a lower band set at Rs 2,819.
“The BankNifty index witnessed a volatile trading session, forming a doji candle that signals indecision in the market. Immediate resistance for the BankNifty index lies at 47000, coinciding with the 20-day moving average (20DMA). A decisive break above this level could propel the index higher towards the 47500 mark. On the flip side, the lower end support is positioned at 46500-46300, where bulls are currently attempting to defend. However, a breach below this level may intensify selling pressure in the market,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty has closed below the upward trendline, indicating a return of bearish sentiment in the market. The momentum indicator signals bearish momentum in the short term. The Nifty’s immediate support lies at the 50-day moving average (DMA), presently at 21,900, which is anticipated to offer some support. However, a significant breach below this level could trigger a steep decline in the index. Resistance is noted in the 22,200-22,250 range on the upside.
M&M, Tata Steel, NTPC, BPCL, and Coal India were the top gainers in the Nifty 50. While, Adani Enterprises, Adani Enterprises, Power Grid Corp, Eicher Motors, and Grasim Industries were the major losers in the Nifty 50 on March 18.
The NSE Nifty 50 opens down by 0.15% at 21,990.10, while the BSE Sensex drops 0.08% to 72,587.30. in the opening trade.
The NSE has added Aditya Birla Fashion, Bharat Heavy Electricals, Biocon, Hindustan Copper, Manappuram Finance, National Aluminium, Piramal Enterprise, RBL Bank, Sail, Tata Chemical, and Zee Entertainment Enterprise. in F&O on March 18, 2024.
Foreign institutional investors (FII) bought shares worth net Rs 848.6 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 682.3 crore on March 15, 2024, according to the provisional data available on the NSE.
WTI crude prices are currently trading at $81.14, reflecting a 0.12% increase, while Brent crude prices stand at $85.44, showing a 0.14% rise, as of Monday morning.
Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.
The US Dollar Index (DXY), gauging the dollar’s worth against a basket of six foreign currencies, registered a marginal decline of 0.01%, trading at 103.46.
Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.