Facebook Pixel Code

Share Market Highlights: Nifty closes below 18,570, Sensex tanks 200 pts; Bank Nifty ends flat, just shy of 44,000

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The NSE Nifty 50 dropped by 66 points to close at 18,568, while the BSE Sensex slipped 0.33% to reach 62,641, ending the day near its lowest point.

Share Market Today, Share Market Live
The US market ended the overnight session in positive territory – Dow Jones Industrial Average (DJIA) rose 0.5%, S&P 500 gained 0.62% and the tech-heavy Nasdaq jumped 1.02%.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices closed in the red, after opening in the positive territory on Friday. The market gave up its gains in early trade and ended near the day’s low. The NSE Nifty 50 tanked 66 points to 18,568 and BSE Sensex slipped 0.33% to 62,641. The broader indices closed in with cuts, Nifty Midcap 100 and Nifty Smallcap 100 settled 0.14% and 0.12% lower respectively. The sole winner was Nifty Microcap 250 that saw gains of 0.13%. Sectorally, Bank Nifty closed flat, down 0.01%, Nifty PSU Bank, Nifty FMCG, Nifty Media, Nifty Auto crashed up at 1.21%. The only sectoral gainers were Nifty Private Bank and Nifty Realty.

Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates

15:42 (IST) 9 Jun 2023
Market Outlook

“The domestic market witnessed extended selling pressure as investors eagerly awaited the domestic inflation data due on Monday as the RBI refrained from an aggressive cut in their inflation forecast. The market is hopeful that the CPI inflation for May will further moderate from its current level of 4.7%. In addition to the domestic factors, global cues also failed to provide support, as the US reported high unemployment claims ahead of the release of the inflation figures and the Fed meeting,” said Vinod Nair, Head of Research at Geojit Financial Services.

15:39 (IST) 9 Jun 2023
Nifty 50 top gainers, losers

IndusInd Bank, Axis Bank, Power Grid, Adani Enterprises and L&T were the top gainers on the Nifty 50 index. Hero MotoCorp, HDFC Life, Divi's Lab, Eicher Motors and Tata Steel were the top losers, with Hero MotoCorp falling 2.19%.

15:34 (IST) 9 Jun 2023
Markets at close

Despite a positive start, domestic indices experienced a close in the red on Friday. The NSE Nifty 50 dropped by 66 points to reach 18,568, while the BSE Sensex slipped by 0.33% to settle at 62,641, ending near the day's low.

14:44 (IST) 9 Jun 2023
Sectoral outlook for the week

“Most of the major sectors lost on a week-on week basis with BSE Power, BSE Auto, BSE Reality, BSE consumer discretionary, BSE Utilities, BSE FMCG and BSE IT losing the most. While key sectors that gained were BSE Oil& Gas, BSE Telecom and Nifty Pharma lost the most.”

– Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

14:32 (IST) 9 Jun 2023
Outlook on AMFI data

“Profit booking in rising market along with probable expenses towards vacation, education could have led to lower investments in mutual funds in May,” said Manish Mehta, Kotak Mahindra AMC on AMFI data.

14:18 (IST) 9 Jun 2023
Stocks at 52-Week Lows

Indian Energy Exchange, Future Supply Chain Solutions, Praxis Home Retail, Siti Networks, Sintex Plastics Technology, BEML Land Assets, Lexus Granito (India), PTC Industries, United Drilling Tools and V-Mart Retail were among 13 stocks that hit 52-week lows.

14:18 (IST) 9 Jun 2023
Stocks at 52-Week Highs

Aether Industries, AIA Engineering, Ami Organics, Anant Raj, Apollo Pipes, Apollo Tyres, Artemis Medicare Services, Axis Bank, Bcl Industries, Bharat Electronics, Britannia Industries, CCL Products (India), Choice International, Cholamandalam Financial Holdings, Dhampur Sugar Mills, DIC India, Dynamic Cables, Electrosteel Castings, Expleo Solutions, Federal-Mogul Goetze (India), Genus Power Infrastructures, Globus Spirits, Glenmark Life Sciences, Greenlam Industries, Hindustan Aeronautics, InterGlobe Aviation, IndusInd Bank, Indian Oil Corporation, ION Exchange (India), IZMO, JBM Auto, JITF Infralogistics, Just Dial, Kaynes Technology India, KDDL, KPR Mill, Macrotech Developers, Mahindra CIE Automotive, Manaksia, Max Healthcare Institute, Munjal Showa, Peninsula Land, Power Finance Corporation, Pressman Advertising, PTC Industries, The Ramco Cements, REC, R Systems International, Sahyadri Industries, Sarda Energy & Minerals, Snowman Logistics, Sonata Software, Strides Pharma Science, Sula Vineyards, Sundram Fasteners, Swaraj Engines, Syrma SGS Technology, Tribhovandas Bhimji Zaveri, Tega Industries, Texmaco Rail & Engineering, Trent, Titagarh Wagons, UltraTech Cement, Usha Martin, Welspun Investments and Commercials and Zomato were among 77 stocks that hit 52-week highs. 

14:18 (IST) 9 Jun 2023
Volume Gainers

CMS Info Systems, Heubach Colorants India, South West Pinnacle Exploration, RPG Life Sciences, DIC India, Indian Energy Exchange, Selan Exploration Technology, Federal-Mogul Goetze (India), Greenlam Industries, Motilal Oswal Mutual Fund – Motilal Oswal S&P BSE Quality ETF, Shriram Pistons & Rings, Premier Explosives, Raj Television Network, Macpower CNC Machines, Essar Shipping, NGL Fine-Chem, Five-Star Business Finance, Dynamic Cables, Gokul Agro Resources, Axis Mutual Fund – Axis Silver ETF, Moksh Ornaments, Sula Vineyards, Just Dial were the volume gainers.

14:17 (IST) 9 Jun 2023
Top gainers/losers

IndusInd Bank, Axis Bank, Larsen & Toubro, Power Grid, Adani Enterprises, Grasim, UltraTech Cement, JSW Steel, HDFC Bank and HDFC were the top gainers while HDFC Life, Tata Steel, Hindustan Unilever, Eicher Motors, Divis Lab, SBIN, HeroMotocorp, Infosys, ONGC and Kotak Bank were the top losers.

14:17 (IST) 9 Jun 2023
IEX, Kotak Bank, HAL, Paytm among most active NSE stocks

Kotak Bank, India Energy Exchange, Hindustan Aeronautics (HAL), HDFC Bank, Paytm, State Bank of India (SBIN), Axis Bank, ICICI Bank and Infosys were the most active NSE stocks.

14:17 (IST) 9 Jun 2023
Bank Nifty, Auto, FMCG, IT, PSU Bank tumble

In sectoral indices, Bank Nifty was trading at 43,994.10, Nifty Auto slipped 0.32%, Nifty FMCG tumbled 0.91%, Nifty IT fell 0.69% and Nifty PSU Bank tanked 1.18%.

14:16 (IST) 9 Jun 2023
Broader market indices trade lower

All the broader market indices were trading in red – Nifty 100 fell 0.27%, Nifty Midcap 100 dipped 0.10%, Nifty Smallcap 50 was down 0.21% and Nifty Total Market fell 0.21%. The volatility index, India VIX was trading 1.39% lower at 11.10.

14:14 (IST) 9 Jun 2023
Nifty, Sensex trade in red

The NSE Nifty 50 fell 52.55 points or 0.28% to 18,582 and BSE Sensex tanked 158.39 points or 0.25% to 62,690.25.

13:38 (IST) 9 Jun 2023
PTC Industries share price jumps 3%

PTC Industries share price jumped 3% to Rs 3,105 after the company got listed on NSE. PTC is already listed on the BSE. The company listed its entire equity share capital of 1,33,82,257 shares, each with a face value of Rs 10, on the NSE following approval from the exchange.

13:33 (IST) 9 Jun 2023
Nifty falls below 18600; check top losers/gainers

NSE Nifty 50 fell 41.30 points or 0.22% to 18,593.25. The top losers were HDFC Life, Hindustan Unilever, Tata Steel, Divis Lab and State Bank of India (SBIN) while the gainers were IndusInd bank, Axis Bank, Grasim, Larsen & Toubro and Adani Enterprises.

12:36 (IST) 9 Jun 2023
Gold spikes on US jobless claims on Thursday; exit all long positions below 59,000

Strong intraday rally was seen yesterday in gold after US unemployment came higher than expected. US unemployment claims came at a two year high which is highly supportive of rate pause. US Dollar and Treasury yields both dip after the data and bullions jumped. Market is now waiting for next week’s PCE index on 13th June and FOMC meet on 14th and 15th. Many investors were surprised by the rate hike from the Bank of Canada and Australia which brings the reality that pause does not mean shift from pivot as Bank of Canada raised rates after four month pause.

Read Full Story

12:35 (IST) 9 Jun 2023
HDFC Bank, Reliance, ICICI Bank, Infosys: Top largecap holdings in life insurance equity portfolios

HDFC Bank, Reliance, ICICI Bank, and Infosys were the four top large caps in the equity portfolio of various life insurance companies in India during the month of May, according to a Nuvama report. During the month, the key additions to various portfolios were Vedant Fashions, IDFC First Bank, Star Health, ITC and Rainbow Children. The insurance players offloaded significant portions of their stakes in Kotak Mahindra Bank, Interglobe Aviation, L&T, Axis Bank and Ultratech Cement.

Read Full Story

12:02 (IST) 9 Jun 2023
IKIO Lighting IPO subscribed 66.29 times on last day of subscription

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 66.29 times on the last day of subscription on Thursday, helped by overwhelming participation from institutional buyers. The Rs 606.5-crore initial share sale received bids for 1,00,92,76,892 shares against 1,52,24,074 shares on offer, according to NSE data.

Read Full Story

12:00 (IST) 9 Jun 2023
Gold Price Today, 9 June: Gold shifts between gains and losses; resistance at Rs 60,120, support at Rs 59,760

Gold rate is trading flat on Friday, while the silver rate is up 0.18%. On Multi Commodity Exchange, gold August futures were trading at Rs 59,893 per 10 grams, up Rs 2 after dipping in the negative territory intraday. Silver July futures were trading higher by Rs 132 at Rs 73,802 per kg on MCX. 

Read Full Story

11:57 (IST) 9 Jun 2023
IEX share price tanks 15% govt’s ‘market coupling’ directive kills business moat; Nuvama maintains ‘Reduce’

Power exchange IEX’s share price crashed 15% in trade on Friday, touching a fresh 52-week low of Rs 116 apiece. On Thursday, the Ministry of Power announced its decision to permit market coupling and requested the Central Electricity Regulatory Commission (CERC) to begin the process. Market coupling ensures that the price discovery would occur outside of the power exchanges, which will lead to a uniform market clearing price, effectively threatening IEX’s dominance and business moat.

Read Full Story

11:56 (IST) 9 Jun 2023
Tata Motors stock outlook: Hits new 52-week high post Q4 results; will it rise more as auto sector grows?

Tata Motors shares have been hitting new highs for the last few sessions, and the stock gained today as well, with shares rising nearly 1%. The surge in stock is primarily due to the strong results, wherein the company reported a net profit of Rs 5,408 crore in Q4FY23l, swinging from a net loss of Rs 1,033 crore in Q4FY22. The reason behind the stellar Q4 results was price hikes and strong demand for cars in its luxury Jaguar Land Rover (JLR) stable as well as for commercial trucks. Apart from the results, the company’s recent investors’ meet further helped the stock to touch new highs. Most of the analysts turned bullish on Tata Motors and now expect it to gain as much as 24%. 

Should you buy, sell or hold Tata Motors stock?

10:26 (IST) 9 Jun 2023
RIL: Buy – Target Price: Rs 2900 – JM Financial

Reliance Industries (RIL) share price fell 0.13% to Rs 2496.5. “We tweak our FY24-25 EBITDA by a marginal ~1%; our target price remains unchanged at Rs 2,900. We reiterate BUY given RIL’s industry-leading capabilities, which is likely to drive robust 14-15% EPS CAGR over the next 3-5 years,” said analysts at JM Financial.

09:41 (IST) 9 Jun 2023
Nifty 50 slippage past 18595 would call for 18420

“We will begin the day hoping that 18676 does not find rejection trade like what was witnessed on the recovery attempt to 18720 yesterday. Even if there is an early loss in momentum, we expect upside attempts to resume, as long as the dips do not stretch beyond 18638. If yes, expect a return to the 18887-19070 trajectory, but a vertical upside all the way is less expected. Alternatively, slippage past 18595 would call for 18420,” said Anand James, Chief Market Strategist at Geojit Financial Services.

09:37 (IST) 9 Jun 2023
IRB Infrastructure Developers share price jumps 1.6%

IRB Infrastructure Developers share price jumped 1.61% to Rs 28.43 after toll collection for IRB Infrastructure Trust grew 24% on-year to Rs 201.18 crore, up from Rs 162.64 crore in the previous year.

09:35 (IST) 9 Jun 2023
CEAT share price falls nearly half a percent

CEAT share price fell 0.44% to Rs 1935.7 after the company increased its holding in Tyresnmore, investing an additional Rs 9 crore for a 10.89% stake, taking its total shareholding in the company to investment, Tyresnmore shall become 56.9%, making Tyresnmore a subsidiary of the company.

09:34 (IST) 9 Jun 2023
Kotak Bank share price falls 0.3%

Kotak Bank share price fell 0.3% to Rs 1880.6 after the reports surfaced that Canada Pension Fund may offload 3.3 crore shares or 1.6% equity stake in Kotak Mahindra Bank through block deals. The sale is likely to happen between a price range of Rs 1,792-1,886 apiece, which at the lower end, comes at a 5.1% discount to yesterday’s closing price of Rs 1,888 per share.

09:32 (IST) 9 Jun 2023
Torrent Power share price falls 1.4%

Torrent Power share price fell 1.43% to Rs 657.65 after the company said that it has raised Rs 600 crore through issuance of non-convertible debentures on a private placement basis. The company issued 60,000 NCDs of Rs 1 lakh per debenture aggregating to Rs 600 crore.

09:31 (IST) 9 Jun 2023
Vedanta share price falls marginally

Vedanta share price fell 0.14% to Rs 277.20 today. Meanwhile, Vedanta Resources’ gross debt fell to $6.4 billion as of May due to continued deleveraging and “significant” improvement in balance sheet position.

09:28 (IST) 9 Jun 2023
Bank Nifty trades near 44100; check top gainers/losers

Bank Nifty rose 86.20 points or 0.20% to 44,081.45. The top gainers were IndusInd Bank, Bandhan Bank, Axis Bank, IDFC First Bank and ICICI Bank while the losers were Bank of Baroda, SBIN, Federal Bank, Kotak Bank and PNB.

09:20 (IST) 9 Jun 2023
Nifty, Sensex open in green

The NSE Nifty 50 gained 29.15 points or 0.16% to 18,663.70 and BSE Sensex surged 114.32 points or 0.18% to 62,962.96.

09:13 (IST) 9 Jun 2023
Nifty, Sensex may open slightly higher

“The market is expected to open slightly higher on June 9, as indicated by the SGX Nifty, suggesting a positive start for the overall index. The market's overall outlook remains positive, with the Nifty gradually approaching its previous all-time high. The Positive trend is supported by lower volatility and consistent buying by foreign institutional investors (FIIs). It is crucial for the bullish momentum to maintain the key level of 18,500-18,450. The next expected resistance levels are at 18,850 to 18,900. As for the Bank Nifty, it has support at the 43,600 level, while resistance is observed in the 44,450 to 44,600 range,” said Ameya Ranadive, Equity Research Analyst at Choice Broking.

09:12 (IST) 9 Jun 2023
Nifty, Sensex end pre-open mixed

Benchmark indices ended the pre-opening session mixed. The NSE Nifty 50 rose 21.35 points or 0.11% to 18,655.90 and BSE Sensex dipped 37.96 points or 0.06% to 62,810.68.

09:00 (IST) 9 Jun 2023
Bank Nifty may rise to 45000 if it closes above 44350-44400

“Bank Nifty is seen to be making a bearish candle on the daily timeframe. If Bank Nifty closes above the range of 44350-44400 it will start moving towards 45000 in the coming weeks. The resistance is at around 44350-44450 and the support is at around 43900-44000, till the time it breaks this range the index is expected to remain sideways. Technical indicator RSI is at around 56 and is showing strength by sustaining above 50 levels,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.

Share Market Outlook Today

09:00 (IST) 9 Jun 2023
Bank Nifty breach below 43700 could intensify selling pressure

“Bank Nifty has a support level positioned at 43700. A breach below this support level might indicate a further downside potential and could attract additional selling interest from traders and investors,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

Share Market Outlook Today

08:59 (IST) 9 Jun 2023
Bank Nifty to target levels of 44500

“Bank Nifty faced selling pressure from around 44500 levels and has now reached the crucial support level of 44000 which coincides with the 20-day moving average. Thus, it will be crucial for Bank Nifty to hold on to these levels for the upside momentum to continue. Overall, the uptrend is still intact and we expect it to target levels of 44500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Share Market Outlook Today

08:59 (IST) 9 Jun 2023
Bank Nifty support at 43971 and then 43783

Bank Nifty’s make-or-break level is 43700. Fresh shorts if this level gets broken. First support at 43971 and then 43783 while resistance at 44447 and 44734, according to Rahul Sharma, JM Financial.

Share Market Outlook Today

08:59 (IST) 9 Jun 2023
Nifty trend likely to remain sideways to positive if it holds above 18600

“If the Nifty manages to stay above the 18600 level, the trend is likely to remain sideways to positive. However, there is resistance observed at the 18800-18900 levels on the higher end,” said Rupak De, Senior Technical at LKP Securities.

Share Market Outlook Today

08:58 (IST) 9 Jun 2023
Correction likely to continue as long as Nifty trades below 18725

“Nifty has formed a long bearish candle on daily charts, which indicates further weakness from the current levels. However, the medium-term formation of the index is still on the bullish side. For traders, as long as the index is trading below 18725, the technical correction is likely to continue. Below this, the market could slip till 18600-18550. Contra traders can take a long bet near 18550 with a strict stop loss at 18520,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

Share Market Outlook Today

08:58 (IST) 9 Jun 2023
Uptrend is intact till 18530–18500 is held

“Nifty was unable to carry on the positive momentum from the previous trading session which is a signal of caution from a short-term perspective. The crucial support zone is placed at 18530 – 18500 and until this is held on the uptrend is intact. On the upside, yesterday’s high of 18778 – 18800 shall act as an immediate hurdle zone for the Nifty,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Share Market Outlook Today

08:58 (IST) 9 Jun 2023
Nifty 50 may decline towards the 18500

“Currently, prices are hovering around a key support level, and it will be important to observe if there is further profit booking in the early hours of the coming session. If so, NSE Nifty 50 may decline towards the 18500 zone, which could present a re-entry opportunity for the bulls. On the other hand, if there is no further weakness, prices may rebound from these levels and retest the levels of 18750 – 18800 before potentially reaching new all-time highs,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.

Share Market Outlook Today

08:57 (IST) 9 Jun 2023
Nifty support at 18600 and then 18530

Buy Nifty around 18600 for a bounce back up to 18700 and a stop loss of 18530. First support at 18600 and then 18530 while resistance at 18777 and 18888, according to Rahul Sharma, JM Financial.

Share Market Outlook Today

08:55 (IST) 9 Jun 2023
Nifty, Sensex may trade higher today

“Amid buying action in overnight US markets and Asian equities in the morning, local shares are likely to trade higher in early Friday trades. However, intra-day volatility could persist as investors fear the Federal Reserve could remain hawkish at its June 14 meeting after a surprise interest rate hike by the Bank of Canada. But the positive take away from Governor Shaktikanta Das’s statement was that the Indian economy and financial sector remained resilient despite global challenges, while the Southwest monsoon rains arriving over Kerala will be a sentiment booster. Technically, bears are likely to be at bay as long as Nifty is above the 18463 support, while  there is a bright chance that bulls will be able to reclaim Nifty’s all-time-high at 18888 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

08:15 (IST) 9 Jun 2023
Manappuram Finance, Indiabulls Housing Finance under F&O ban today

The National Stock Exchange has Manappuram Finance and Indiabulls Housing Finance securities on its F&O ban list for 9 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

08:14 (IST) 9 Jun 2023
FII/DII data

Foreign institutional investors (FII) purchased shares worth net Rs 212.40 crore, while domestic institutional investors (DII) sold shares worth net Rs 405.01 crore on June 8, according to the provisional data available on the NSE.

08:13 (IST) 9 Jun 2023
Nifty to gain or sink below 18700? See SGX Nifty, FII data, US shares, more things to know before market opens

The equity indices snapped a four-day winning streak to settle in the red, with Nifty sliding 0.49% to 18,753 while Sensex was down almost 300 points to 62,848.

Read Full Story

08:12 (IST) 9 Jun 2023
Stocks To Watch: Kotak Bank, Tata Steel, Tata Power, Vedanta, CEAT, IRB Infrastructure, GAIL (India)

The SGX Nifty recorded a gain of 0.17% during Friday’s early trading session, with a value of 18,753, indicating a mildly positive opening for the domestic indices NSE Nifty 50 and BSE Sensex.

Read Full Story

08:09 (IST) 9 Jun 2023
US indices end in green

The US market ended the overnight session in positive territory – Dow Jones Industrial Average (DJIA) rose 0.5%, S&P 500 gained 0.62% and the tech-heavy Nasdaq jumped 1.02%.

08:09 (IST) 9 Jun 2023
Asian markets trade in green

Asian markets were trading in green – Hong Kong’s Hang Seng rose 0.08%, China’s Shanghai Composite index was up 0.01%, South Korea’s KOSPI gained 0.9% and Japan’s Nikkei 225 jumped 1.73%.

08:08 (IST) 9 Jun 2023
SGX Nifty gains 38 pts

The Nifty futures on the Singapore Exchange (SGX) were trading 38 points or 0.20% higher at 18,758.5 in today’s early morning trade.

First published on: 09-06-2023 at 08:07 IST
Market Data
Market Data
Today’s Most Popular Stories ×