Stock Markets Highlights: Sensex ends shy of 60000, Nifty50 ends near 17800; Maruti biggest gainer, shares jump 4% after strong Q2 results
Stock Markets Today Highlights: Indian stock markets ended the week on a positive note on Friday. However, bulls and bears engaged in tug of war with fortunes shifting on both sides as the session progressed, though the sentiment remained largely positive. The BSE Sensex ended with over 200 points gains while Nifty50 was higher by 50 points. While the former was trading at 59,959.85 at the closing time, the latter was up 0.28 per cent at 17,786.80.
In the 30-stock index, 20 were trading higher from the Thursday closing levels against 10 which were down around this time. In Nifty50, 30 stocks closed positively, 19 in negative and 1 stock remained unchanged. Nifty Bank closed at 40,990.85, down by 0.75 per cent.
In the currncy markets, Rupee gained against the USD as USDINR were trading with weakness on the BSE. The futures were trading at 82.6675, up 0.0100 or 0.01 per cent. On MCX, December Gold and Silver Futures were trading with slight negative bias around the closing time of the equity markets.
Key Highlights:
1) Domestic markets managed a 7th consecutive closing on Friday.
2) Maruti Suzuki was the biggets gainer as share prices zoomed after a fovourable Q2FY23 results.
3) Out of the 15 sectoral indices, 13 ended in the red while two gained at the closing time. Nifty Auto and Nifty Oil & Gas were the gainers. Top losers were Nifty Metal, Nifty Pharma, Nifty IT and Nifty Media.
4) Foreign Institutional Investors (FIIs) were net buyers of Indian equitiees and purchased shares worth Rs 2,818.40 cr. Maenwhile, Domestic Institutional Investors (DIIs) were net sellers at Rs 1,580.10 cr.
5) Selling pressure was seen in the broader markets with NIFTY MIDCAP 100 closing at 31,003.25, down 0.54 per cent. NIFTY SMALLCAP 100 settled at 9,673.05, down by 1 per cent.
That is all that we have from the markets today. For more updates and news visit Zeebiz.com
Stock Markets Today Highlights: Indian stock markets ended the week on a positive note on Friday. However, bulls and bears engaged in tug of war with fortunes shifting on both sides as the session progressed, though the sentiment remained largely positive. The BSE Sensex ended with over 200 points gains while Nifty50 was higher by 50 points. While the former was trading at 59,959.85 at the closing time, the latter was up 0.28 per cent at 17,786.80.
In the 30-stock index, 20 were trading higher from the Thursday closing levels against 10 which were down around this time. In Nifty50, 30 stocks closed positively, 19 in negative and 1 stock remained unchanged. Nifty Bank closed at 40,990.85, down by 0.75 per cent.
In the currncy markets, Rupee gained against the USD as USDINR were trading with weakness on the BSE. The futures were trading at 82.6675, up 0.0100 or 0.01 per cent. On MCX, December Gold and Silver Futures were trading with slight negative bias around the closing time of the equity markets.
Key Highlights:
1) Domestic markets managed a 7th consecutive closing on Friday.
2) Maruti Suzuki was the biggets gainer as share prices zoomed after a fovourable Q2FY23 results.
3) Out of the 15 sectoral indices, 13 ended in the red while two gained at the closing time. Nifty Auto and Nifty Oil & Gas were the gainers. Top losers were Nifty Metal, Nifty Pharma, Nifty IT and Nifty Media.
4) Foreign Institutional Investors (FIIs) were net buyers of Indian equitiees and purchased shares worth Rs 2,818.40 cr. Maenwhile, Domestic Institutional Investors (DIIs) were net sellers at Rs 1,580.10 cr.
5) Selling pressure was seen in the broader markets with NIFTY MIDCAP 100 closing at 31,003.25, down 0.54 per cent. NIFTY SMALLCAP 100 settled at 9,673.05, down by 1 per cent.
That is all that we have from the markets today. For more updates and news visit Zeebiz.com
Latest Updates
Stock Markets today ended on the strong note on Friday, witnessing its seventh straight gaining streak today. Sensex ended 59,959.85, up b over 200 points or 0.34 per cent. Meanwhile, Nifty50 closed at 17,794.80, higher by 57.85 points or 0.33 per cent.
Maruti Suzuki Q2FY23 Results
The December Gold futures were trading at Rs 50500 and were down by Rs 237 or 0.47 per cent. The December Silver futures were down by Rs 635 per kg or 1 per cent and were trading at Rs 57643. Internationally, the Gold price was down by 0.7 per cent on Comex and was trading at USD 1,654.40. The weakness could be attributed to strength in the Dollar Index (DXY). Meanwhile, the equity markets also tuned flat aroun 2 pm.
Source: MCX
Tata Steel stock was the most active counter on NSE where nearly 38 milion shares (3,78,08,882) were trading around 1:50 pm.
Source: NSE
Many quarterly earnings results are set for release including Maruti Suzuki and Dr Reddy's Laboratories. While, Dr Reddy's was trading without vigour, while Maruti Suzuki was trading at Rs 9,105, up by Rs 63.05 or 0.70 per cent.
Nifty50 was trading at 17,749.10, up by 12 points or 0.07 per cent.
Source: NSE
The 30-stock BSE Sensex was trading at 59,833.09, up 76.25 points or 0.13 per cent.
Source: BSE
Out of 3,208 stocks that were trading on the BSE, advances were seen in 1,715 stocks while declines were seen in 1,343 stocks. 150 stocks were unchanged. 115 stock hit their 52-week highs while 37 were trading at 37-week lows. Market Capitalisation of BSE Listed companies stood at Rs 2,77,36,870.73 cr.
Meanwhile, 161 stocks hit upper circuit while 107 hit lower circuit around 11 am.
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Domestic markets widened gains as trading progressed. Sensex breached the 60000 mark and was trading with gains of 284 points or 0.5 per cent. Nifty50 also surpassed 17800 levels and were also up nearly half a percentage point around 10:48 am.
Thursday's gainers Tata Steel, JSW Steel and Hindalco Industries were biggest laggards on Friday.
Source: NSE
The broader markets were also trading mix with Nifty Mid cap 100 and Nifty Small Cap 100 trading in the red. While the former was trading at 31,100.25, down by 0.23 per cent, the latter was trading down 0.17 per cent at 9,753.85 around 9:34 am.
Nifty50, Sensex Top Gainers and Losers'
Source: NSE
Source: BSE
In the 15 sectoral Nifty gauges, 9 were trading positively while the remaing 6 were in the red. Nifty PSU Bank (+1.05) and Nifty Oil & Gas (+0.60 per cent) were the biggest gainers. The top laggards were Nifty Metal (-1.05 per cent), Nifty Pharma (-0.73 per cent) and Nifty Realty (+0.70 per cent).
Here are top recommendations on stocks that are expected to be in news:
MCX Today
Anil Singvi Strategy on Nifty, Bank Nifty
Rupee Vs Dollar: How will Rupee trade against Greenback
Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP says this:
"Indian rupee is expected to open slightly stronger at 82.40 after yesterday the $ was bought taking rupee from a high of 82.1350 to low of 82.50. The range for the day is expected to be 82.00 to 82.60.".
Most Asian currencies are up against the dollar while dollar index is at 110.33. The US 10 year is lower at 3.91 per cent as market expects US rate hikes to slow down from December. Oil is at USD 94.44 per barrel, he said.
His advice for exporters it to look at selling USD near to 82.50 levels while importers may buy the dips in a narrow range market.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Trading Calls by Anuj Gupta of IIFL Securities
Buy MCX GOLD DEC AT 50500 Stop Loss 50250 TARGET 50900
BUY MCX SILVER DEC AT 57500 Stop Loss 56700 TARGET 59000
BUY MCX COPPER NOV AT 658 Stop Loss 652 target 668
Buy crude oil oct at 7250 sl 7100 target 7550
Sell USDINR at 82.80 Stop Loss 83.10 target 82.30
Buy Nifty at 17700 Stop Loss 17650 TARGET 17950
BUY BANKNIFTY AT 41100 Stop Loss 40750 TARGET 41800
Dow at 32138
Support 31950 / 31600
Resistance 32550 / 32800
SGX Nifty +39 at 17841
Suppprt 17700 / 17650
Resistance 17980 / 18050
Up
Bank Nifty at 41483
Support 40100 / 40750
Resistance 41850 / 42100
Up
USDINR at 82.64
Support 82.40 / 82.20
Resistance 82.80 / 83.00
DOWN
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)