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Bank Nifty Share Price Currently Trades at ₹49274.95.

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Bank Nifty share price Live Updates: At 15:45, the Bank Nifty was trading at 49274.95 (0.62%). Today, the Bank Nifty traded in a range of 49688.85 to 49051.25. Currently Trades Nifty futures are at 49335.0 (0.59%) with an open interest change of -8.61%, indicating that the price increase is due to short sellers covering their positions, and the rise may not continue in the near future. Also Read Stock Market Today: Nifty 50, Sensex end flat after Contact with New Record Highs.

Bank Nifty Share Price Today Live Updates: Bank Nifty closes the day at 48971.65, touching an intraday high of 49688.85 and low of 49051.25

Bank Nifty Share Price Today Live Updates: The Bank Nifty closed the day at 48971.65 up (0.62%) in comparison with its previous close. It has touched an intraday low of 49051.25 and high of 49688.85

Bank Nifty Share Price Live: Bank Nifty Open interest and price movement inference

Bank Nifty Share Price Live: Bank Nifty futures are at 49348.9 (0.62%) with an open interest change of -10.59% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.

Bank Nifty Share Price Live: Most active Calls & Puts contracts for Bank Nifty

Bank Nifty Share Price Today Live: Below are the most active Call & Put options contracts for Bank Nifty.

TypeExpiry DateStrike PricePrice
CALL29 MAY 202449500.0220.75
CALL29 MAY 202450000.082.7
CALL29 MAY 202449600.0183.8
PUT29 MAY 202449000.0175.65
PUT29 MAY 202449500.0410.25
PUT29 MAY 202449300.0298.85

Bank Nifty Share Price Live: Bank Nifty Open interest and price movement inference

Bank Nifty Share Price Live: Bank Nifty Currently Trades futures are at 49765.0 (1.47%) with an open interest change of -8.45% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.

Bank Nifty Share Price Live: Stocks breaching their 52 week high/low on 27 May 2024

Bank Nifty Share Price Live: Stocks that have breached their 52 week high/low today,

High: Axis Bank (1182.9),

Low: ,

Bank Nifty Share Price Live: Stocks witnessing Upper Circuits and Lower Circuits

Bank Nifty Share Price Live:

Check out the stocks locked at Upper Circuit or having Only Buy orders.

Indo Tech Transformers (1684.4)

V2 Retail (518.9)

Ujaas Energy (160.95)

Check out the stocks locked at Lower Circuit or Currently Trades having Only Sell orders.

SHIPPING CORP OF IND LAND AN ASS ORD (62.8)

Spectrum Electrical Industries (1607.65)

Rashi Peripherals (320.05)

Bank Nifty Share Price Today Live Updates: Performance of the Sectoral Indices on the NSE today

Bank Nifty Share Price Today Live Updates:

Check out how the various Sectoral Indices are trading on the NSE today.

  • NIFTY 500, Price:21573.05 (0.42%)
  • NIFTY Auto, Price:23957.15 (0.27%)
  • NIFTY Bank, Price:49578.05, (0.42%)

Bank Nifty Share Price Today Live Updates: Most active Calls & Puts contracts for Bank Nifty

Bank Nifty Share Price Today Live: Below are the most active Call & Put options contracts for Bank Nifty.

Call Options

Expiry DateStrike PricePrice
29 MAY 202449500.0481.9
29 MAY 202449200.0704.15
29 MAY 202449300.0627.15

Put Options

Expiry DateStrike PricePrice
29 MAY 202449000.078.75
29 MAY 202449200.0112.35
29 MAY 202449300.0134.3

Bank Nifty Share Price Today Live Updates: Bank Nifty Open interest and price movement inference

Bank Nifty Share Price Today Live Updates: Currently Trades Bank Nifty futures are at 49688.5 (1.31%) with an open interest change of -5.46% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.

Bank Nifty Share Price Today Live Updates: Resistance & Support levels for Nifty at 09:00

Bank Nifty Share Price Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels

R148999.44R249230.27R349407.59
S148591.29S248413.97S348183.14

Bank Nifty price live: Bank Nifty closed at 48768.6 on the last trading day

The Bank Nifty closed at 48768.6 on the last day.

Stock Market LIVE Updates: Sensex, Gift Nifty at Fresh Record High; Nazara Tech Founder Sells Share in Block Deal.

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Sensex Today – Stock Market LIVE Updates: The Gift Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

IndexPricesChangeChange%
Sensex75,554.67144.28+0.19%
Nifty 5022,985.4528.35+0.12%
Nifty Bank49,253.55281.90+0.58%

CategoryStock/SectorPricesChangeChange%
Biggest GainerDivis Labs4,351.40229.00+5.56%
Biggest LoserAdani Enterpris3,294.70-90.25-2.67%
Best SectorNifty Pharma19,304.00184.50+0.96%
Worst SectorNifty Energy41,363.40-271.30-0.65%

Sensex Today | Nifty Media down nearly 1 %; DB Corp, Dish TV fall 2-4%

CompanyCMPChg(%)Volume
DB Corp279.15-4.6116.88k
Dish TV16.70-2.346.31m
Sun TV Network653.85-1.72169.42k
TV18 Broadcast43.75-1.691.23m
Zee Entertain149.20-1.625.08m
Network 1881.65-0.67182.50k
PVR INOX1,334.30-0.3592.50k

Commodity Check | Gold recovers from two-week low as traders await US inflation data.

Gold prices rose on Monday, recovering from a two-week low set the previous session, as traders assessed diminishing chances for US interest rate reduction ahead of a key inflation report anticipated later this week.

Spot gold was up 0.5% at $2,346.31 per ounce after reaching its lowest level since May 9 at $2,325.19 on Friday. U.S. gold futures increased 0.6% to $2,347.60.

Bullion peaked at $2,449.89 last week, but has since fallen by more than $100.

Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

  • 1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • 2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • 3 Expect a capex-led economic cycle to fuel demand growth ahead. 
  • 4 Company’s improving margin trajectory. 
  • 5 Expect stock to be rangebound until demand visibility improves. 
  • 6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Karnataka Bank shares fall as Q4 profit dips 22%

1 Profit tanks 22.5 percent to Rs 274.2 crore Vs Rs 353.8 crore
2 Net interest income declines 3 percent to Rs 834 crore Vs Rs 860 crore
3 Pre-Provision Operating Profit drops 27.1 percent to Rs 499.8 crore Vs Rs 685.8 crore
4 Provisions down 27 percent at Rs 184.7 crore Vs Rs 253.3 crore
5 Net NPA rises to 1.58 percent Vs 1.55 percent (QoQ)
6 Gross NPA drops to 3.53 percent Vs 3.64 percent (QoQ)

Sensex Today | Tera Software, MM Forgings, among others witness huge volume surge

CompanyCMPChg(%)Today Vol5D Avg VolVol Chg(%)
Tera Software59.7516.02%225.38k13,657.401,550.00
Tridhya Tech34.9017.11%117.00k9,600.001,119.00
Ahlada Engineer151.8020.00%650.71k68,068.00856.00
MM Forgings1,230.009.11%227.11k36,593.60521.00
Nazara619.850.90%555.88k92,737.40499.00
Vaidya Sane Ayu150.50-16.83%26.80k4,720.00468.00
Krishna Defence515.6513.22%174.50k31,800.00449.00
Astra Microwave896.2012.03%2.65m575,102.60360.00
DOMS Industries1,874.403.93%196.04k43,966.60346.00
Glenmark1,106.406.80%1.68m417,702.60302.00

Bosch shares rise 2% on better Q4 numbers

1 Profit grows 41.5 percent to Rs 564.4 crore Vs Rs 398.9 crore
2 Revenue increases 4.2 percent to Rs 4,233.4 crore Vs Rs 4,063.4 crore
3 Board recommends a final dividend of Rs 170 per share

NTPC shares trade flat post Q4 earnings

1 Profit falls 2 percent to Rs 5,556.4 crore Vs Rs 5,672.3 crore
2 Revenue rises 2.9 percent to Rs 42,532.2 crore Vs Rs 41,317.9 crore

Q4 (Consolidated YoY)

1 Profit surges 33 percent to Rs 6,490 crore Vs Rs 4,871.6 crore
2 Revenue increases 7.6 percent to Rs 47,622 crore Vs Rs 44,253.2 crore
3 Other income more than doubled to Rs 1,194.5 crore Vs Rs 491.8 crore
4 Board recommends the final dividend at Rs 3.25 per share

Nifty Bank index up 0.4%; IndusInd Bank, PNB, HDFC Bank among major gainers

CompanyCMP (₹)Chg (%)Volume
IndusInd Bank1,456.701.03186.31k
PNB127.450.793.21m
HDFC Bank1,528.950.771.28m
Bandhan Bank187.700.75884.88k
AU Small Finance624.950.69341.05k
Kotak Mahindra1,712.800.55248.73k
Federal Bank164.150.431.31m
SBI831.450.36853.38k
Bank of Baroda269.650.261.27m
Axis Bank1,175.250.11742.75k

Torrent Pharma shares rise 4% as profit surges 56%

1 Q4v Profit surges 56.4 percent to Rs 449 crore Vs Rs 287 crore
2 Q4 Revenue grows 10.2 percent to Rs 2,745 crore Vs Rs 2,491 crore

Gainers and Losers on the BSE Sensex in the early trade

SENSEX Market Map

4.88 million shares of Nazara Technologies trade in a bunch: Bloomberg

Founder Mitter Infotech sold 6.38 percent stake via block to existing investor, Plutus

Cochin Shipyard shares gain 6% as Q4 profits up 558%

1 Profit spikes 558.1 percent to Rs 258.88 crore Vs Rs 39.3 crore
2 Revenue jumps 114.3 percent to Rs 1,286 crore Vs Rs 600 crore

United Spirits shares gain on better Q4 earnings

1 Profit jumps 136.3 percent to Rs 241 crore Vs Rs 102 crore
2 Revenue (excluding excise duty) climbs 11.2 percent to Rs 2,783 crore Vs Rs 2,503 crore
3 EBITDA rises 42.1 percent to Rs 334 crore Vs Rs 235 crore
4 EBITDA margin expands 260 bps to 12 percent Vs 9.4 percent

Opening Bell | Nifty opens above 23,000

1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.

2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 

3 Expect a capex-led economic cycle to fuel demand growth ahead. 

4 Company’s improving margin trajectory. 

5 Expect stock to be rangebound until demand visibility improves. 

6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

On May 27, the Indian benchmark indices opened higher, with the Nifty trading above 23,00.

The Sensex rose 214.20 points, or 0.28 percent, to 75,624.59, while the Nifty advanced 57.40 points, or 0.25 percent, to 23,014.50. About 1806 shares rose, 746 fell, and 165 remained constant.

The Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

Sensex Today | Market to witness volatility, says Prashanth Tapse, Senior VP (Research), Mehta Equities

  • Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • Expect a capex-led economic cycle to fuel demand growth ahead. 
  • Company’s improving margin trajectory. 
  • Expect stock to be rangebound until demand visibility improves. 
  • Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Nifty traders should brace themselves for a week of potential volatility, driven by six major catalysts: Exit Poll (June 1st), May F&O expiry (May 30th), US GDP (May 30th), India’s GDP (May 31st), US PCE Inflation (May 31st), and May Auto Sales (June 1st).

Despite Wall Street’s closure on Monday for Memorial Day, Nifty buyers remain confident, buoyed by investor optimism about the general elections and a decline in oil prices to $77 per barrel.

Furthermore, Vodafone Idea’s Rs 18,000-crore FPO anchor lock-in period ends on May 27th. Following corrective losses, stocks such as Maruti, GAIL, and Reliance Industries have been given bullish outlooks.

Recommended stock: GAIL (CMP 205), with aims of 215/221 and aggressive targets of 243.

Preferred trades: Nifty (22957) – buy on dips between 22800-22850 with targets at 23100/23351 and aggressive targets at 23500-23750; Bank Nifty (48972) – buy at CMP with targets at 49300/50000 and aggressive targets at 50500-51000.

Currency Check | Rupee opens flat

Indian rupee opened flat at 83.09 per dollar on Monday versus Friday’s close of 83.10.

Sensex Today | Market trades higher at pre-opening

Benchmark indices are trading firm in the pre-opening session.The Sensex was up 233.86 points or 0.31 percent at 75,644.25, and the Nifty was up 92.20 points or 0.40 percent at 23,049.30. About 5 shares advanced, 2 shares declined, and 3790 shares unchanged.

Sensex Today | Nifty can move towards 23200-23500, says Deven Mehata, Research Analyst at Choice Broking

The benchmark Sensex and Gift Nifty indices are expected to open flat on May 27, following GIFT Nifty trends indicating a loss of just 7 points for the broader index. Gift Nifty can find support at 22,900 followed by 22,850 and 22,800. On the higher side, 23,050 can be an immediate resistance, followed by 23,100 and 23,200.The charts of Bank Nifty indicate that it may get support at 48,800, followed by 48,600 and 48,500. If the index advances, 49,100 would be the initial key resistance, followed by 49,300 and 49,400.Foreign institutional investors remained net buyers as they bought Indian equities worth Rs 944.83 crore worth of shares on May 24. On the other hand, domestic institutional investors bought Rs 2,320.32 crore worth of equities on the the same day.INDIAVIX was positive on Friday and closed higher, Up by 1.54 percent and is currently trading at 21.7100.On Friday Nifty made a fresh all-time high above 23000 levels. Traders are advised to purchase on dips near the strong support at 22800 levels with a stop loss of 22700 on closing basis. On the higher side Nifty can move towards 23200 and 23500 in coming days. Bank Nifty has also shown strength and hence it can also move higher towards the next resistance of 49400-49600 levels.

Also Read Adani Group MCAP Recovers $200 Billion as it Rejects Charges of Coal Fraud.

Sensex Today | Rail Vikas Nigam bags Rs 187.34 crore project from Maharashtra Metro Rail Corp

The company has emerged as the lowest bidder (L1) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.

Sensex Today, Gift Nifty | Adani Ports to replace Wipro in BSE Sensex

Adani Ports and Special Economic Zone will replace Wipro on the BSE Sensex, effective June 24.

In addition, the S&P BSE 100 index will contain REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zed Entertainment Enterprises would be excluded.

Trent will replace Divis Laboratories on the S&P BSE Sensex 50 index.

Stock Market LIVE Update | Aster DM in agreement to expands CMI Hospital

Aster DM Healthcare has signed into an Addendum Hospital Operation and Management Agreement with Cauvery Medical Centre Private Limited to expand the existing Aster CMI Hospital premises by about 350 beds.

Sense Today | Biocon, GNFC, Vodafone Idea under F&O Ban list

Biocon, GNFC, Vodafone Idea, Bandhan Bank, Hindustan Copper, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank.

Sensex Today | Tata Steel board meeting on May 29

At its meeting on May 29, 2024, Tata Steel’s board of directors will discuss issuing unsecured non-convertible debentures through private placement.

Sensex Today | FII & DII Data

Sensex Today, Gift Nifty | USFDA classifies Aurobindo Pharma’s Telangana units as OAI

From January 22 to February 2, the United States Food and Drug Administration (US FDA) performed an examination at Unit III, a formulation manufacturing facility owned by the company’s subsidiary, Eugia Pharma Specialities, in Pashamylaram, Telangana. As a result, the US FDA designated this facility’s inspection categorization status as Official Action Indicated (OAI).

Sensex Today, Gift Nifty| NTPC, RVNL, Astra Microwave top stocks to watch out today 

  • NTPC: Q4 consolidated profit rises 33% to Rs 6,490 crore from Rs 4,871.6 crore.
  • Karnataka Bank: Q4 standalone profit down 22.5% to Rs 274.2 crore from Rs 353.8 crore.
  • Cochin Shipyard: Q4 profit rises 558.1% to Rs 258.88 crore from Rs 39.3 crore.
  • United Spirits: Q4 consolidated profit rises 136.3% to Rs 241 crore from Rs 102 crore.
  • Rail Vikas Nigam has emerged as the lowest bidder (L1) for a project valued Rs 187.34 crore.
  • Astra Microwave Products: Q4 consolidated profit rises 302.3% to Rs 54.4 crore from Rs 13.5 crore.

Earnings Watch | Natco Pharma, Borosil Renewables, among others to report Q4 results today

Life Insurance Corporation of India, Astrazeneca Pharma, Borosil Renewables, Flair Writing Industries, Jubilant Industries, Natco Pharma, National Aluminium Company, NMDC, Peninsula Land, Sumitomo Chemical India, TVS Supply Chain Solutions, and West Coast Paper Mills will announce theri earning today.

Brokerage Call | Morgan Stanley keeps overweight rating on NTPC, target Rs 390

1 Company’s parent earnings missed estimates due to fixed cost under recoveries
2 Consolidated PAT was a miss driven by lower profit contributions from subsidiaries
3 Company has a strong RE portfolio of 23.2 GW; RE IPO possible by Oct/Nov-24

Brokerage Call | Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

1 Q4 EBITDA/PAT grew 25-36 percent YoY & 9-14 percent above estimate
2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24
3 Expect a capex-led economic cycle to fuel demand growth ahead
4 Like company’s improving margin trajectory
5 Believe stock will be rangebound until demand visibility improves
6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x

Sensex Today | GIFT Nifty indicates a flat start

Trends on GIFT Nifty indicate a flat start for the broader index in India, with a loss of 5 points. The Nifty futures were trading around 23,034.50 level.

Commodity Check | Oil prices little changed as markets look to OPEC+ meeting

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.The Brent crude July contract inched up 11 cents to $82.23 a barrel. The more-active August contract LCOc2 rose Gift Nifty 13 cents to $81.97.U.S. West Texas Intermediate (WTI) crude futures rose 13 cents to $77.85.

Also Read Go Digit Share launch at a limited 5% Premium on the NSE, with a lukewarm Start Price of ₹286 Per Share.

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.

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.

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

12-year-old Schoolgirl Crushed Under The Truck at Zirakpur.

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

Sensex is down 600 points, and Nifty begins below 21,850, with Wipro, Bajaj Auto, and Infosys in the spotlight.

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Nifty opened below 21,850, and Sensex was down 600 points: The following industries had a decrease in stock prices: real estate, healthcare, consumer durables, oil & gas, automotive, financial services, FMCG, IT, metal, pharma, PSU Bank, and private banks.

The domestic market opened lower in today’s business session. Nifty is below 21,850 and Sensex is at 71888. The Sensex slipped to 600 points, while the Nifty fell to 183 points.
However, midcap and smallcap stocks have seen weakness. BSE’s midcap index is trading up to 1.44 percent lower, while Nifty’s midcap 100 index is down 1.75 percent. BSE’s small cap index is trading down 1.32 percent.

Currently, BSE’s 30-share flagship
index Sensex is trading at 71888.34, down 600.65 points or 0.83%. While NSE’s 50-share flagship index Nifty is trading at 21812, down 183.80 points or 0.84%.
Auto, Financial Services, FMCG, IT, Metal, Pharma, PSU Bank, Private Bank, Realty, Healthcare, Consumer Durables and Oil & Gas stocks were
seen with declines of 0.62-2.14%.
Bank Nifty is trading at 46,686.05, down 0.81 percent.

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Among the leading stocks, BPCL, Bajaj Auto, Infosys, HDFC Life, L&T, LTI Mindtree, Axis Bank, Nestlé India, and TCS fell between 1.25-2.66 percent. While among the giants ONGC, ITC, Apollo Hospitals, Cipla, and Sun Pharma rose by 0.03-2.04 percent.
Midcap stocks Hind Petroleum, Canara Bank, CRISIL, SJVN, and AB Capital fell between 2.62 and 3.54 percent. While IGL, Oil India, Torrent Power, Nippon, and Dilhavery are up 0.14- 0.90 percent.
Among small-cap stocks, Sachendar Infra, Sun Pharma Advertise, Purvankara, Dredging Corp, and Ganesh Housing fell 4.38-5 percent. However, among the smallcap stocks Visuvis India, Tallbros Auto, Wari Renewables, Brannariaman, and Transforms rose by 3.89-5.79 percent.

Is the Indian stock market open or closed in the Celebration of Gudi Padwa 2024 today?

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Indian stock market: Two trade holidays are scheduled for April 2024, according to the list of stock market holidays for this month.

Stock market holiday: Given that today, April 9, 2024, is Gudi Padwa 2024, which is celebrated nationwide, investors in the Indian stock market may be unclear as to whether or not there will be any action on the NSE and BSE today. Investors and observers in the stock market are recommended to review the complete list of Indian stock market holidays in 2024 to find out the official response to this query.

Today share market open or closed?

According to the list of stock market holidays in 2024, which is available on the BSE website, the Indian stock market will remain open on Tuesday i.e. on Gudi Padwa 2024. This means trading activities at the BSE and NSE will take place as usual. 

The immediate stock market holiday is set for April 11, 2024, according to the calendar of stock market holidays for the current year. Two stock market holidays are scheduled for April 2024: April 11 and April 17. This information is based on the stock market holidays list for 2024.

Indian stock market: Over the weekend, 7 significant factors affected the market: the Gift Nifty, US nonfarm payrolls, and oil prices.

Stock market holidays in April 2024

On 11th April 2024, trading activities on NSE and BSE will remain suspended for Ramadan Eid or Eid-Ul-Fitr whereas on 17th April 2024, the Indian stock market will remain closed for the Ram Navami festival. After Ram Navmi 2024, there will be no stock market holidays falling in April 2024. 

There used to be just one stock market holiday in May 2024, which fell on May 1st in honor of Maharashtra Day. However, an additional stock market holiday has been scheduled for May 20, 2024, due to the Lok Sabha election. Thus, May will see two stock market holidays.

There is only one stock market holiday in June and July. The Indian stock market will be closed on the seventeenth of the month in June 2024 in observance of Bakdi Eid, while the NSE and BSE will be closed on the seventeenth of the month in July 2024 in observance of Muharram.

Stock market today

Among frontline Indian indices, the Nifty 50 index on Monday touched a new lifetime high of 22,697 mark. The BSE Sensex also climbed to a new peak of 74,869 during Monday deals. In the broad market, the small-cap index climbed to an intraday high of 46,410 level and came close to its lifetime high of 46,821 but the mid-cap index finished 0.26 percent higher after hitting a new high of 41,113 on Monday.

Indian stock market: Over the weekend, 7 significant factors affected the market: the Gift Nifty, US nonfarm payrolls, and oil prices.

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Indian stock market: The Gift Nifty was trading at a premium of more than 40 points from the previous closing of the Nifty futures, at 22,650, suggesting that the Indian stock market indices are off to a good start.

Indian stock market On Monday, the local equities market is anticipated to start higher, reflecting advances in its international counterparts due to optimistic sentiment.

Following a stunning jobs report on Friday, the US stock market surged while Asian markets mainly saw gains.

This week’s main macroeconomic and corporate data releases will determine the direction of the market.

The first set of corporate results for the fourth quarter of FY24 (Q4FY24), inflation data from India and the US, minutes from US Federal Reserve meetings, policy meetings of the European Central Bank (ECB), corporate announcements, crude oil prices, outflows of foreign capital, and other global cues are some of the factors that set off the stock market.

On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’.

The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

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“For the previous week, the local markets saw increases as they continued to get solid support from macroeconomic data in the form of PMI figures. It is anticipated that the profits season will increase satisfactorily at this point as well. The RBI supported the growth predictions in its policy by providing optimistic estimates for FY25. According to Joseph Thomas, Head of Research at Emkay Wealth Management, “the domestic news flow is fairly supportive of the market sentiments; the volatility may be largely induced by global developments, specifically expectations around the timing of the US Fed rate action.” Indian stock market news tomorrow.

Here are key global market cues for Sensex today:

Asian Markets

Asian markets traded mixed on Monday ahead of key economic data from the region. Japan’s Nikkei 225 rallied 1.01%, while the Topix gained 0.77%. South Korea’s Kospi fell 0.17% and the Kosdaq declined 0.76%. Hong Kong’s Hang Seng index futures indicated a stronger opening.

Gift Nifty Today

Gift Nifty was trading around the 22,650 level, a premium of over 40 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

Wall Street

US stock market indices ended higher on Friday after a strong jobs report.

The Dow Jones Industrial Average gained 307.06 points, or 0.80%, to 38,904.04, while the S&P 500 rallied 57.13 points, or 1.11%, to 5,204.34. The Nasdaq Composite ended 199.44 points, or 1.24%, higher at 16,248.52.

For the week, the Dow fell 2.3%, the S&P 500 dropped 1% and the Nasdaq declined 0.8%.

Also Read: Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

US Nonfarm Payrolls 

US employers hired far more workers than expected in March while raising wages. As per Labor Department’s employment report, US nonfarm payrolls increased by 303,000 jobs last month. Economists polled by Reuters had forecast 200,000 jobs, with estimates ranging from 150,000 to 250,000.

US Unemployment Rate

The US unemployment rate fell to 3.8% last month from 3.9% in February, remaining below 4% for 26 straight months, the longest such stretch since the late 1960s. According to the Labor Department data, Average hourly earnings rose 0.3% in March after gaining 0.2% in the prior month, while wages increased 4.1% on a year-on-year basis, the smallest gain since June 2021, after advancing 4.3% in February.

Oil Prices

Crude oil prices declined over 1% in early Asian trade on Monday as tensions in the Middle East eased.

Brent crude futures fell 1.79% to $89.54 a barrel, while US West Texas Intermediate crude dropped 1.78% to $85.36 a barrel.

US Treasury Yields

US treasury yields and the dollar rose on Friday after a blowout US jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data, Reuters reported. The yield on benchmark 10-year Treasury notes rose to 4.422%. The dollar index, a measure of the US currency against six major peers, edged up 0.11% to 104.41.

In Conclusion

Numerous factors contributed to the notable volatility in the Indian stock market over the weekend. Gift Nifty launch, US nonfarm payrolls, and oil prices all had a significant impact on how investors felt and how the markets moved. The aforementioned advancements highlight the interdependence of worldwide economic phenomena and their significant influence on the financial markets of India. Choosing to make investments with caution and knowledge becomes more crucial as investors work their way through the complexity of these outside forces. Although market volatility can pose difficulties, it also presents shrewd investors with the chance to profit from new trends and tactical openings.

Remaining alert, adaptable, and educated is crucial in the constantly changing Indian stock market to successfully navigate choppy waters and make long-term investments.

Sensex, Nifty open marginally lower; Paytm down nearly 3%

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The S&P BSE Sensex was down 67.80 points at 72,694.09 at 9.44 am, while the NSE Nifty50 fell 10.40 points to 21,987.30.

Paytm down

In Short

  • Stock market indices opened lower on Thursday
  • Nifty Bank, Financial Services and IT traded lower
  • Paytm shares fell nearly 3% ahead of RBI deadline for PPBL

Benchmark stock market indices opened marginally lower on Thursday and continued their sluggish run.

The S&P BSE Sensex was down 67.80 points at 72,694.09 at 9.44 am, while the NSE Nifty50 fell 10.40 points to 21,987.30. The domestic-focused broader market indices rose, but remain under pressure amid sustained profit booking.

Among sectoral indices, heavyweights Nifty Bank and Nifty Financial Services traded 0.5 per cent lower, while Nifty IT fell 0.3 per cent. Nifty Realty fell over 1 per cent and was the top loser among sectoral indices.

On the other hand, Nifty Oil & Gas and Nifty Media gained over 1.2 per cent.

The top five gainers on the Nifty50 were Adani Enterprises, Adani Ports, Hero MotoCorp, M&M and Hindalco. Meanwhile, the top drags on the 50-share index were JSW Steel, Tata Steel, LTIM, TCS and Bajaj Finance.

It is worth noting that shares of digital payments firm Paytm fell nearly 3 per cent in early trade ahead of the Reserve Bank of India’s March 15 deadline for its associate, Paytm Payments Bank, to wind down some key operations.

Deven Mehata, research analyst at Choice Broking, said, “The market had a severe downturn yesterday, as Nifty closed almost at its daily low below 22,000 levels following an abrupt sell-off from higher levels.”

“It is highly recommended that traders trade with extreme caution and strictly adhere to stop-loss levels. If Nifty continues to fall toward the strong support level of 21,800, investors might view this as a good time to make new medium- to long-term investments,” he added.

This article was published on India Today.

Also, read: The BJP has removed twenty-one sitting members from their seats on the list of candidates for the Lok Sabha election.

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