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GIFT Nifty The Trading Setting for the Current Session Displays here; Down 40 Points.

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GIFT Nifty 40 points less The equities markets on Tuesday began the day slowly but gradually picked up steam to close the day higher. Analysts say that domestic equities are consolidating inside a range, showing strength at lower levels with purchases made at each dip.

“We expect range trading and favourable bias in the market overall. Siddhartha Khemka, Head of Retail Research at Motilal Oswal, said that consumer confidence statistics from the US and Europe will be of interest to investors worldwide.

“We continue to believe that, unless the Nifty decisively breaks over 21,900 levels, we should adhere to our “buy on dips” strategy. However, the SVP of Technical Research at Religare Broking advises traders to proceed with extra caution when selecting stocks with mixed participation and to avoid high beta counters.

Also Read Is the Indian Stock Market Closed Today due to the Lok Sabha Elections?

State OF The Market

GIFT Nifty Live The previous SGX Nifty is down 40 points, which suggests a good start.
The GIFT Nifty on the NSE IX opened on Wednesday at 22,236.50, up 43.50 points, or 0.20 percent, suggesting that Dalal Street was off to a strong start.

  • Tech View: The market is not strengthening enough to see a clear upside breakthrough of the 22200–22300 levels. According to HDFC Securities’ Nagaraj Shetti, any declines to 22000–21950 could present a buy-on-dip chance. The immediate resistance is located at 22300.India
  • India is the VIX: The VIX, a gauge of market anxiety, increased by 0.82% to close at 15.73 points.

US Stocks were Mixed

Tuesday’s finish of U.S. equities was almost unchanged ahead of inflation and other economic statistics that may provide insight into when the Federal Reserve may decide to lower interest rates.
S&P 500 up 0.17%,

Nasdaq up 0.37%, and the Dow down 0.25%

Asian stocks muted

Asian stocks traded within tight ranges on Wednesday after the S&P 500 nudged higher. In New Zealand, the central bank is seen holding interest rates while retaining the threat of a hike amid sticky inflation.

  • S&P 500 futures were little changed as of 9:50 a.m. Tokyo time
  • Hang Seng futures rose 0.2%
  • Nikkei 225 futures (OSE) fell 0.2%
  • Japan’s Topix was little changed
  • Australia’s S&P/ASX 200 fell 0.2%

Dollar firm

The U.S. dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve’s preferred measure of inflation due Thursday for clues on when the U.S. central bank may start cutting interest rates.

Stocks in F&O Ban Today


1) ABFRL

2) Indus Tower

3) Canara Bank

4) SAIL

5) ZEE

Securities in the ban period under the F&O segment include companies in which the s ..

FII/DII action
Foreign portfolio investors were net sellers at Rs 1,509 crore on Tuesday. DIIs bought shares worth Rs 2,861 crore.

Rupee
The rupee slipped by 1 paisa to close at 82.89 against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency

FII data
The net short of FIIs reduced from Rs 29,137 crore on Monday to Rs 27,042 crore on Tuesd ..

Today’s Stock Market Trading Guide: Dow Jones, Gift Nifty, and Go Digit IPO.

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Everything you should know before Friday’s Gift Nifty Live market opening is: Present Nifty signals a sluggish start; Fed officials advise against rate-cut bets as global markets decline; Today is Go Digit IPO closure; The market opens on Saturday.

Pre-market stock update for May 17, Friday: Volatility is likely to remain an order of the day for the Indian equity market as we near the conclusion of the Lok Sabha elections. That apart, global news and FII flow also weigh on the trading sentiment. 

After yesterday’s extremely volatile session, the Nifty will likely open marginally lower this morning as the global mood seems tepid. At 07:00 AM, Gift Nifty futures quoted at 22,480, suggesting a likely marginal dip on the Nifty 50 index.

Also Read M&M Shares Hit Fresh 52-Week High on Complete Stake Sale in New Delhi Centre for Sight for ₹425 Crore.

Global markets

Overnight, the US market ended off record highs after several Federal officials warned that the central bank still needed more confidence to cut interest rates and that the timing of the move remained uncertain.

Vodafone Idea Ltd

Dow Jones crossed the 40,000 mark in intra-day deals, but eventually settled at 39,869, down 0.1 percent. The S&P 500 and Nasdaq slipped 0.2 percent each.

The US 10-year bond yield remained subdued around 4.365 per cent, near about five week lows. Among commodities, Gold futures eased back to $2,380 levels, while Brent Crude Oil continued to hover around $83 per barrel.

Equity markets in the Asia Pacific region were all in red this morning. Japan’s Nikkei declined 0.8 percent. The Australian benchmark indices fell 0.4 percent, and Malaysia’s Kospi was down 0.3 percent.

Trading strategy for Friday, May 17 – Should you be a buyer or seller today? Here’s what market experts recommend:

On the technical front, the 22,300 zone is likely to cushion upcoming blips, while 22,200-22,100 is likely to act as the next support zone for Nifty, said – Osho Krishan, Sr. Analyst – Technical & Derivative Research at Angel One.

On the higher end, 22,500-22,600 is very much in the vicinity of the bulls, especially with the kind of momentum seen on the weekly settlement session, the analyst added.

Neeraj Sharma, AVP of Technical and Derivatives Research at Asit C. Mehta Investment Intermediates too believe that the Nifty could rally to 22,500–22,600 levels in the near term. The analyst said, technically, the Nifty has surpassed the hurdle of 22,310, where the 21-day exponential moving average (21-DEMA) was placed and managed to close above it, indicating strength. Also Read Gift Nifty Live, Global Markets Hint Gap-Up Open on May 16; FIIs Trade in Focus.

Rupak De, Senior Technical Analyst at LKP Securities recommends that the over the next few days, the bulls might have the upper hand in the market as the Nifty moved above the critical moving average after several days. On the higher side, the Nifty might move towards 22,600 in the short term. Support on the lower end remains at 22,250.

Stocks in focus

Among individual stocks, Vodafone Idea will be in focus after the telecom major said it loss widened to Rs 7,674 crore in the March 2024 quarter. Gail India too will see some action after the company reported near 3-fold jump in net profit at Rs 2,469 crore.

On Friday, Amber Enterprises, Atul Auto, Balkrishna Industries, Balrampur Chini, Bandhan Bank, Delhivery, GlaxoSmithKline Pharma, Godrej Industries, JB Chemicals, JSW Steel, LT Foods, NHPC, Pfizer, The Phoenix Mills, Polyplex Corporation, RCF, Rail Vikas Nigam (RVNL), Shipping Corporation of India, Shalimar Paints, Sobha, TV Today, Gift Nifty Live Universal Cables, Zee Entertainment and Zydus Lifesciences are scheduled to announce Q4 results.

Primary Market Update

Go Digit General Insurance IPO closes today. The issue was subscribed up to 79 per cent as of yesterday. Subscription is open in the price range of Rs 258 – Rs 272 per share. Should you subscribe? 

Other news
Lastly, today is not the final trading session of the week as equity market will be open for normal trading tomorrow May 18, Saturday in special session. The stock exchanges are conducting this trading session to check their preparedness to handle major disruption or failure, if any, at the primary site.

Trading will be in two sessions, the first session will be from 9:15 am – 10 am on the primary site, followed shift in trading to Disaster Recovery Site (DRS) from 11:30 am – 12:30 pm.

Gift Nifty, Global Markets Hint Gap-Up Open on May 16; FIIs Trade in Focus.

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Pre-market stock update on Thursday, May 16:With an emphasis on FII inflows after US rates dropped to 5-week lows, equity markets in India are anticipated to follow strong foreign signals and trade on a positive note today.
Gift Nifty futures opened at 22,380 at 7:00 AM, indicating a probable 70-point gap-up on the Nifty 50 index.

Global Markets

The US market closed at all-time highs overnight as statistics revealed that US consumer prices increased less than anticipated in April, indicating that inflation has started to decline in the second quarter. According to the data, there could be many interest rate reductions in 2024.
In April, the US consumer price index (CPI) increased by 0.3%, less than the 0.4% increase that was anticipated. The figure indicates a slowdown in domestic demand, which US central bank officials are probably happy to hear as they work to facilitate a “soft-landing” for the economy.

Following which, all three indices closed at new life-time highs. Dow Jones jumped 0.9 per cent. The S&P 500 rose 1.2 per cent, and Nasdaq soared 1.4 per cent.

The US 10-year bond yield eased to 4.32 per cent, its lowest level in the last five weeks. Among commodities, Gold futures jumped back to $2,400 levels, while Brent Crude Oil hovered around $83 per barrel.

Mirroring the cues from the US peers, the Australian and Malaysian stock benchmark indices surged over 1 per cent each this morning. Taiwan too was up 0.8 per cent. Japan’s Nikkei held a 0.6 per cent gain even as data showed that its economy shrank more than expected in Q12024 hit by slowdown in consumer spending and sticky inflation.

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Domestic Cues

Thursday’s FII flows will be closely watched after a decline in US yields. In the derivatives market, the FIIs are said to have built big short positions and have been active sellers thus far in May. On Wednesday, the DIIs net bought shares worth Rs 3,788 crore, while the FIIs net sold equities worth Rs 2,833 crore.

The Foreign Portfolio Investors (FPIs) continued to aggressively build short positions in Index futures. The long short ratio on 14th May stood at 30.46 per cent, said Ashwin Ramani, Derivatives & Technical Analyst of SAMCO Securities in a note.

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over Prime Minister Narendra Modi’s party winning fewer seats in the ongoing national elections than previously estimated.

Net short positions – measured as the difference between the number of index futures contracts on which global funds are long to those on which they hold a short position – surged to 213,224 contracts, data compiled by Bloomberg showed. The gap is the widest since data going back to 2012. Among individual stocks, shares of oil & gas producers & explorers will be in focus on Thursday after the government, in its bi-weekly review, cut the windfall tax on petroleum crude to Rs 5,700 per metric tonne from Rs 8,400. The tax remained unchanged at zero for diesel and aviation turbine fuel.

That apart, shares of Biocon, Container Corporation of India, Crompton Greaves Consumer Electricals, DCW, eClerx Services, Endurance Technologies, Gail India, Hindustan Aeronautics (HAL), Vodafone Idea, Indian Hume Pipe, Indoco Remedies, JK Paper, Krishna Institute of Medical Sciences (KIMS), Kopran, Mahindra & Mahindra (M&M), Info Edge (Naukri), Prism Johnson, Sanghvi Movers, Solar Industries, Texmaco Rail, V-Guard and Wonderala Holidays are likely to be on investors radar ahead of Q4 results today.

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Trading strategy for Thursday, May 16 – Should you be a buyer or seller today? Here’s what market experts recommend:

Ashwin Ramani of SAMCO Securities states that the support level of 22,200 which earlier acted as a strong support for Nifty, is acting as resistance now. The Nifty has failed to aggressively close above the channel support level convincingly in the last two trading sessions. The call writers (Bears) have sizeable positions at the 22,200 Strike and the option activity at this strike will provide cues about Nifty’s Intraday direction ahead of the weekly expiry today.

Om Mehra, Technical Analyst of SAMCO Securities cautions, that the Nifty is forming an inverted head and shoulder pattern on the hourly chart, with the neckline remaining around 22,320; if crossed, expect a potential rally towards the 22,450-22,500 range.

On the downside, immediate support for the Nifty is seen at the 22,080 level. The Relative Strength Index (RSI) continues to hover below the 50 mark, signalling short-term weakness in the market, the analyst added.

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates also highlights that technically, on the daily scale, the Nifty has encountered resistance near the 22,300 levels, where the 21-Days exponential moving average (21-DEMA) is placed. As long as the Nifty remains below the 22,300 levels, we expect the index to consolidate in the range of 22,000-22,300. 

Despite the fall on Wednesday, the Bank Nifty is still respecting a bullish engulfing candle, indicating strength. As long as the Bank Nifty remains above 46,983, the bullish momentum will continue. On the upside, the 21-DEMA is placed near 48,060, which will serve as the first hurdle for the index, followed by 48,500, Hrishikesh said in his note.

Sentiment remains subdued as long as it stays below 22,250. A decisive move beyond this level could potentially propel Gift Nifty towards 22,600 and beyond. Conversely, a failure to sustain above 22,200 might invite selling pressure in the market, said Rupak De, Senior Technical Analyst at LKP Securities.

Canara Bank Share Price Today Live Updates: Canara Bank Jumps 5% Post Stock Split; up 8% in Last Three Sessions.

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Canara Bank Live Share Price: A total of 7,39,996 retail investors owned 6 per cent stake in the bank while 337 HNIs including Rekha Rakesh Jhunjhuwala (1.45 per cent stake) owned a combined 4.65 per cent stake in the PSU lender.

119.50 INR+6.20 (5.47%)today

Open116.25
High119.55
Low116.00
Mkt cap21.70KCr
P/E ratio1.42
Div yield13.47%
52-wk high126.58
52-wk low58.27

Canara Bank Share Price Today Live Updates: Canara Bank’s stock opened at ₹557.4 and closed at ₹549.15 on the last trading day. The high for the day was ₹568.95, and the low was ₹554. The market capitalization stood at ₹102,725.13 crore. The 52-week high and low were ₹632.65 and ₹291.3, respectively. The BSE volume for the day was 487,986 shares traded.

Canara Bank Share Price Live Updates: Consensus analysts rating is Buy

Canara Bank Share Price Live Updates: The analyst recommendation trend is shown below with the current rating as Buy.

  • The median price target is ₹506.0, 325.93% higher than current market price.
  • The lowest target price among analyst estimates is ₹360.0
  • The highest target price among analyst estimates is ₹670.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy6665
Buy3445
Hold1222
Sell2221
Strong Sell2000

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Canara Bank Share Price Today Live: Hourly Price Movement Update

Canara Bank Share Price Today Live: Canara Bank’s stock price reached a peak of 118.85 and a low of 118.15 in the previous trading hour. During that time, the stock price surpassed the hourly resistance of 118.58 (Resistance level 1), suggesting a positive upward trend.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 1119.02Support 1118.32
Resistance 2119.28Support 2117.88
Resistance 3119.72Support 3117.62

Canara Bank Share Price Live Updates: Simple Moving Average

DaysSimple Moving Average
5 Days111.11
10 Days117.33
20 Days118.44
50 Days116.90
100 Days107.50
300 Days90.39

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Canara Bank Share Price Live Updates: Canara Bank trading at ₹118.65, up 4.77% from yesterday’s ₹113.25

Canara Bank Share Price Live Updates: Canara Bank share price is at ₹118.65 and has crossed the key daily support price level of ₹543.87. This indicates that stock is experiencing significant selling pressure and the price can decline further.

Earlier this year on April 19, 2024 the public sector lender had set Wednesday, 15th May 2024 as the record date for determining entitlement of equity shareholders for the purpose of split of existing equity shares of the bank. The stock split arrangement was such that 1 equity share having face value of Rs. 10 each, will be subdivided into 5 equity shares having face value of Rs. 2 each.

A stock split makes the shares more affordable for retail investors, and the move is likely to increase trading activity on the counter. This could be particularly beneficial for smaller investors who may have been previously deterred by the higher share price.

Moreover, the stock split has the potential to broaden the bank’s retail investor base. Prior to the split, a significant portion of the bank’s ownership was held by a relatively small number of High Net Worth Individuals (HNIs), including notable investors like Rekha Rakesh Jhunjhunwala. 

It’s important to note that a stock split differs from a bonus share issue. In a stock split, existing shares are divided into multiple shares with smaller face values, while in a bonus share issue, additional shares are distributed to existing shareholders based on their current holdings. Therefore, while a stock split increases the number of shares outstanding, it does not directly impact the share capital of the company.

Canara Bank recorded a 18.33 per cent year-on-year growth to Rs 3,757 crore in January-March quarter of fiscal year 2023-24 (Q4FY24). The bank’s net interest income (NII), increased by 11.18 per cent to Rs 9,580 crore during the fourth quarter of FY24. The bank registered NII of Rs 8,617 crore in the same period of the previous year.
At 11:17 AM; the stock of the company was trading 4.55 per cent higher at Rs 118.40 per share. By comparison the S&P BSE Sensex was down mariginally by 0.04 per cent.

Also Read cannes-2024-live-updates

Pre-Market: May 14 Focus will be on Gift Nifty, Q4 Earnings, and Inflation Statistics.

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Here is all the information you require prior to the market opening on Tuesday, May 14: Gift Nifty points to a robust beginning; Zomato shares will react to Q4 Earnings; Keep an eye out for these pivotal Bank Nifty and Nifty levels.

Pre-market stock update for May 14, Tuesday:Aided by the sharp intraday rally yesterday, the NSE Nifty 50 managed to survive above the 100-DMA (Daily Moving Average) for the third straight trading session. 

The market may look to build-up on the gains, amid supportive cues from Asian peers. The focus, however, will be on the inflation data in India and the US, followed by the US Fed chief Jerome Powell speech.

Retail inflation in India eased to 4.83 per cent in April, even as food prices continued to surge. The data was release on Monday, post market hours. 

Akhil Mittal, Senior Fund Manager-Fixed Income, Tata Asset Management said the CPI numbers were in line with expectations, and hence may not have any material impact on policy / markets.

At 07:00 AM, Gift Nifty futures quoted at 22,239, suggesting a mildly positive start on the Nifty 50.

Among individual stocks Zomato will be in focus after the company posted its fourth straight quarterly net profit. 

That apart, shares of Archean Chemical, AIA Engineering, Andhra Paper, Apar Industries, Apollo Tyres, Aurionpro Solutions, Bajaj Electricals, BASF  India, Bharti Airtel, Bharti Hexacom, BLS International, Butterfly Gandhimathi, Colgate Palmolive, Devyani International, Edelweiss Financial Services, Ganesh Housing Corporation, HP Adhesives, Ideaforge Technology, Jubilant Ingrevia, Kirloskar Brothers, Man Infraconstruction, Mirco Electronics, Oberoi Realty, OnMobile Global, Patanjali Foods, PVR  Inox, Radico Khaitan, Shree Cement, Siemens, Thyrocare Technologies and Zydus Wellness will be in focus as these companies announce Q4 results today.

Trading strategy for Tuesday, May 14 – Should you be a buyer or seller today? Here’s what market experts recommend:

Osho Krishan, Sr. Analyst – Technical & Derivative Research at Angel One recommends to remain cautious amidst the rise in volatility, which may be deceptive and could trap traders on either side. He adds that traders should refrain from aggressive overnight bets, and maintain exclusivity with stock selection.

On the level-specific front, Osho expects support for the Nifty around 22,000 – 21,900, followed by the sacrosanct support of the 89-DEMA around 21,800 zone. At the higher end, 22,200-22,300 is likely to act as intermediate resistance, and a sustainable surpass could only trigger a fresh round of longs in the system.

What are Shares and Types of Shares?

Analysing the F&O data, Ashwin Ramani, Derivatives & Technical Analyst of SAMCO Securities, reveals that both the 21,800 & 21,900 Strikes saw strong put writing. The Nifty has formed a hammer pattern on the daily chart, which is considered to be a bullish reversal signal. If call writers (Bears) exit from the 22,000 Strike, then Nifty is likely to move higher.

Echoing similar terms, Om Mehra, Technical Analyst of SAMCO Securities, said the Nifty has formed a hammer candlestick pattern at the support of its rising trendline on the daily chart, signaling a potential reversal. 

The Nifty may trade within a broader range of 21,950 to 22,250 in the coming sessions. While the Nifty closed above its 100-day Moving Average (DMA), but needs to close above the crucial level of 22,300, to confirm a bullish stance to continue, Om Mehra added.

Bank Nifty halted its eight-session losing streak, showing resilience as it formed a morning star pattern on the hourly chart and rebound from lower levels, closing the session at 47,754. Currently, Bank Nifty is positioned near a crucial rising trendline. The daily Relative Strength Index (RSI) stands at 46 levels. Immediate resistance remains at 48,000; if crossed, we expect a rally till 48,250-48,300, the analyst concluded in the note.

Similarly, Neeraj Sharma, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates suggested that as per the hammer candlestick pattern, as long as the Nifty holds the support of 21,820, the relief rally will continue. The 21-DEMA is placed near 22,315, which will act as an immediate hurdle for the index. Thus, for the short term, we expect a pullback towards 22,300 levels. If the index sustains above 22,315, the pullback rally might test 22,500 levels.

Indegene Share Price Starts Strongly, Opening at ₹655 on NSE with a 45% Premium.

Global markets

Overnight, the US market ended little changed with the Dow Jones snapping its seven-day rally as investors awaited US inflation data and Fed chair Powell speech.

The yield on benchmark the US 10-year notes fell 1.6 basis points to 4.489 per cent. 

This morning in Asia, Nikkei and Taiwan gained over 0.5 per cent each. Kospi was flat. The Bank of Japan on Monday sent a hawkish signal to markets by cutting the amount of Japanese government bonds it offered to buy in a regular operation.

Gift Nifty Live: Presenting the Gift (SGX) Nifty Index.

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Gift Nifty Live: The leading Indian indices, Sensex and Nifty 50, opened Friday’s trading session higher, however Sensex is starting the day at roughly 72,500 and Nifty is opening below 22,000. Nifty increased by 33.50 points, or 0.15 percent, to 21,991.00, while the Sensex increased by 71.28 points, or 0.10 percent, to 72,475.40.

GIFT Nifty is trading at a premium of 42.50 points, or 0.19 percent at 22,131.50 when opening bell.

The Indian rupee opened a paisa stronger at 83.47 against the US dollar compared to Thursday’s close of 83.50.

Despite the rally in frontline indices, the broader markets are trading with a discount. Nifty Midcap 100 has slipped 41.00 points, or 0.08 per cent lower at 49,071.80 while Smallcap 100 inched 62.05 points, or 0.48 per cent higher at 15,918.90.

Crude oil prices rose on Friday on the signs of an improving economy in China. The prices had edged up in the previous session to a one-week high on data of increasing crude oil imports in China in April

Brent futures rose 37 cents, or 0.4 percent, to $84.24 a barrel, while US West Texas Intermediate crude grew 41 cents, or 0.5 percent, to $79.64.

In Wall Street, softer-than-expected jobs growth in April has brightened investor sentiment this week.

-With inputs from agencies

Past-Forward HR: SHRM Tech Conference & Expo 2024 Day One Concludes Groundbreaking Insights

SGX NIFTY TODAYS

Last TradeChangeChange in %
 22,189.0+100.0+0.45%
HighLowOpen
22,184.022,045.522,128.0

09:51 (IST)10 MAY 2024

Stock Market Today Live Updates: Broader markets fail to participate in gains today

Share Market Today Live Updates: Despite the rally in frontline indices, the broader markets are trading with a discount. Nifty Midcap 100 has slipped 41.00 points, or 0.08 per cent lower at 49,071.80 while Smallcap 100 inched 62.05 points, or 0.48 per cent higher at 15,918.90.

09:34 (IST)10 MAY 2024

Stock Market Today Live Updates: Sensex, Nifty build up on gains

Share Market Today Live Updates: Indian frontline indices Sensex and Nifty 50 opened around 72,500 and 22,000 marks respectively. The indices extended gains afterward.

Sensex inched 254.84 points, or 0.36 percent higher at 72,676.77 while Nifty inched 92.80 points, or 0.43 percent at 22,047.15.

09:22 (IST)10 MAY 2024

Stock Market Today Live Updates: Sensex, Nifty opens with minor gains

Share Market Today Live Updates: Indian frontline indices Sensex and Nifty 50 started Friday’s session higher as Nifty opened below the 22,000 mark and Sensex around the 72,500 mark.

Sensex inched 71.28, or 0.10 percent higher at 72,475.40 while Nifty inched 33.50 points or 0.15 percent at 21,991.00.

09:12 (IST)10 MAY 2024

Stock Market Today Live Updates: Rupee opens stronger against US dollar

Share Market Today Live Updates: The Indian rupee opened stronger at 83.48 against the US dollar compared to Thursday’s close of 83.50.

Bharat Forge Share Price Live blog for 08 May 2024.

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Bharat Forge stock price went up today, 08 May 2024, by 6.18 %. The stock closed at 1240.2 per share. The stock is currently trading at 1316.8 per share. Investors should monitor Bharat Forge stock price closely in the coming days and weeks to see how it reacts to the news.

Bharat Forge Share Price Today: On the last day of trading, Bharat Forge opened at ₹1242 and closed at ₹1240.2. The stock reached a high of ₹1356.15 and a low of ₹1209. The market capitalization stood at ₹61314.82 crore. The 52-week high for the stock is ₹1330 and the 52-week low is ₹753.1. The BSE volume for the day was 154515 shares traded.

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Bharat Forge share price update: Volume traded till 2 PM is 1131.32% higher than yesterday

The volume of Bharat Forge traded by 2 PM is significantly higher today, at 1131.32% above yesterday’s volume. The price of the stock is currently trading at ₹1358, reflecting a 9.5% increase. Volume traded is a crucial factor in analyzing market trends, alongside price movements. A positive price trend accompanied by high volume indicates a sustainable upward movement, while a negative price trend with high volume could signal a potential further decline in prices.

Bharat Forge share price NSE Live: Hourly Price Movement Update

The stock price has been moving between 1381.17 and 1248.22 levels in the last hour. Traders may want to consider rangebound trading strategies by purchasing near hourly support at 1248.22 and selling near hourly resistance at 1381.17.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 11364.57Support 11306.72
Resistance 21388.13Support 21272.43
Resistance 31422.42Support 31248.87

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Bharat Forge share price live: Consensus analyst’s rating is Hold

The analyst recommendation trend is shown below with the current rating as Hold.

  • The median price target is ₹1180.0, 12.15% lower than the current market price.
  • The lowest target price among analyst estimates is ₹800.0
  • The highest target price among analyst estimates is ₹1346.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy5545
Buy1010108
Hold2224
Sell3343
Strong Sell4444

Bharat Forge share price Live: Bharat Forge closed at ₹1240.2 on the last trading day & the technical trend suggests Bullish term outlook

The stock traded in the range of ₹1356.15 & ₹1209 yesterday to end at ₹1240.2. The stock is currently experiencing a strong bullish trend

Nifty 50 and Sensex today: What we can expect from the Indian stock market on April 29th.

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Nifty 50 and Sensex today: The Indian standard index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The Monday opening of the Sensex and Nifty 50 Indian stock market indices is anticipated to be higher due to favorable indications from the global market.

The Indian benchmark index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The domestic equity indices closed more than half a percent down on Friday, ending a five-day winning streak.

The Nifty 50 closed 150.40 points, or 0.67%, lower at 22,419.95, while the Sensex dropped 609.28 points to conclude at 73,730.16.

On the daily chart, Nifty 50 developed a long negative candle on Friday right next to the long bull candle on Thursday.

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At the highs, this indicates the formation of a bearish dark cloud cover-type candle pattern. The fact that Nifty pulled back in the following session after decisively breaking over the critical downside gap barrier of April 15 around 22,500 levels on Thursday may not be a good sign for bulls, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

On the weekly chart, a little, positive candle with a long upper shadow formed. The market appears to have established a lower high this week following a string of higher high patterns.

“The Nifty’s short-term trend appears to have turned negative following a sensible recovery from the lows. The 22,300 mark serves as immediate support, and any weakness below it could lead to further falls in the future, according to Shetti.

What to anticipate from Bank Nifty and Nifty 50 today is as follows:

Nifty 50 Prediction

On April 26, the Nifty 50 index had a severe U-turn to the downside, ending the day 150 points lower.

“Throughout the session, selling pressure on the Nifty persisted as the index was unable to hold above the critical threshold of 22,500. A heavy cloud cover pattern on the daily chart suggests a possible bearish reversal. The Nifty could extend its losses towards 22,000 below the immediate support level of 22,300, according to Rupak De, Senior Technical Analyst at LKP Securities.

On the other hand, he believes the level of 22,500 might act as a technical resistance for the Nifty.

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Bank Nifty Prediction

Bank Nifty Prediction

On the daily charts, the Bank Nifty index formed a bearish candlestick pattern as it fell 294 points to close at 48,201 on Friday.

“Despite selling pressure from higher levels, the Bank Nifty index held onto the critical 488,000 support level.” Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, stated that “as long as it stays above this level, where significant open interest is concentrated on the put side, the bullish sentiment will persist.”

The immediate barrier is currently at 48,600, and Shah noted that a significant advance over this level may open the door for new all-time highs in the index.

Share Market Live Today: GIFT Nifty futures up more than 150 points; Nifty and Sensex set to open higher.

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Share Market Today LIVE: Between volatile behavior throughout international markets, domestic equities benchmark Nifty 50 and Sensex are probably going to begin Monday’s session in the green. GIFT Ahead of Dalal Street’s opening bell, Nifty futures, a leading indicator of the Nifty 50 index, are up 154.8 points, or 0.7%, at 22,283.5.

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Mon, April 22, 2024, 08:56 AM

Live today’s share market Indian stocks are expected to start the day higher.

Monday’s opening of Indian shares is expected to be higher, after a rise in their Asian counterparts.

Mon, April 22, 2024, 08:40 AM

Market Outlook | Domestic markets could open higher, says Deepak Jasani

“Indian markets could open higher, in line with mostly higher Asian markets today and despite mostly lower US markets on April 19,” stated HDFC Securities’ Head of Retail Research, Deepak Jasani.

“Nifty finished April 19 higher after snapping a four-day losing run. Nifty was up 151.2 points, or 0.69%, at 22,147 at the close. On April 19, Nifty formed a bullish piercing pattern on its daily charts, which may indicate a short-term upward reversal. Weekly charts showed a down gap in the Nifty, which, if it isn’t filled quickly, may indicate some medium-term deterioration. The 22,427–22,503 band may provide resistance shortly, while the 21,710–21,778 band may provide support, the author continues.

Mon, April 22, 2024, 08:38 AM

Anil Singhvi’s Market Strategy | Key Nifty and Nifty Bank levels to monitor today

For the headline Nifty50 index on Monday, April 22, Zee Business Managing Editor Anil Singhvi predicts support to emerge at 22,075-22,150 levels and a firmer support zone at 21,950-22,000 levels. He predicts that the Nifty Bank will first find support between 47,250 and 47,425 points, then a stronger support zone between 47,000 and 47,125 points.

Mon, April 22, 2024, 08:25 AM

Stocks to Monitor: Dr. Reddy’s Laboratories, HDFC Bank, Persistent Systems, and Additional Stocks
The following stocks will be highlighted on Monday, April 22:

HDFC Bank: The private sector lender will announce its Q4 results on Saturday. 

Persistent Systems: The IT company will announce its Q4 results on Sunday.

Dr Reddy’s Laboratories: The pharma company announced the roll-out of its condition management program DailyBloomTM IBS, India’s first integrated care plan for Irritable Bowel Syndrome (IBS). 

Jio Financial Services: Jio Financial Services on April 19 reported a net profit of Rs 310 crore for the January-March quarter of the financial year 2023-24.

IREDA: The company posted good Q4 results with net interest income and PAT increasing 35.1 percent and 32.6 percent, respectively. Also, asset quality at the company logged an improvement on a QoQ basis.

BEPL: The company reported good March quarter earnings with the margin increasing to 15.9 percent as against 6.7 percent in the previous quarter. Read More.

Mon, April 22, 2024, 07:58 AM

Share Market: Live Today | Gift Nifty futures point to a successful start for Dalal Street.

GIFT Ahead of Dalal Street’s opening bell, Nifty futures, a leading indicator of the Nifty 50 index, are up 154.8 points, or 0.7%, at 22,283.5.

Good morning! Welcome to Todaysheadlines.news blog on the stock market today

Follow this space to catch minute-by-minute market action and the views of Todaysheadlines.news Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls, and much more throughout the day. 

Happy trading, and happy investing!

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