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Share Market News Highlights: Sensex, Nifty extend gains; Apollo Hospitals, HDFC Life, JSW Steel among top gainers

Business Today Desk Nov 23, 2022, Updated Nov 23, 2022, 4:33 PM IST

Stock Market News Highlights: Sensex and Nifty extended their gains for the second straight session on Wednesday, led by buying in banking, financial and energy stocks. Although, the gains in the domestic indices were limited as investors keenly awaited US Federal Reserve's November policy meeting minutes for cues on future interest rate hikes.

Share Market News Today Updates, 23 November 2022: Sensex and Nifty settled higher for the second straight session today. Share Market News Today Updates, 23 November 2022: Sensex and Nifty settled higher for the second straight session today.

Share Market Updates Today: Indian equity benchmarks extended their gains for the second straight session on Wednesday, led by buying in banking, financial and energy stocks. Although, the gains in the domestic indices were limited as investors keenly awaited US Federal Reserve's November policy meeting minutes for cues on future interest rate hikes. PNB, Suzlon, IRFC, Ease My Trip, Voda Idea, UCO Bank, Zomato, NBCC, RCF and RVNL were among the most active stocks on NSE in terms of volume. Asia stock climbed as Japan's Nikkei index rose 0.61 per cent, South Korea's KOSPI moved 0.53 per cent higher, the Shanghai Composite index edged 0.26 per cent higher and Hong Kong's Hang Seng Index jumped 0.57 per cent. US stock futures rose, indicating a slightly higher opening for Wall Street later today. S&P futures edged 0.11 per cent higher, Nasdaq futures moved 0.09 per cent up and Dow Futures rose 0.10 per cent. Meanwhile, crude oil prices rose after top exporter Saudi Arabia said OPEC+ was sticking with output cuts. Back home, foreign institutional investors sold a net of Rs 698 crore of equities on Tuesday, while domestic investors bought Rs 636 crore of shares, per provisional NSE data.

 

Here are the share market highlights:

4:32 PM (1 week ago)

Nifty view - Kunal Shah, Senior Technical Analyst at LKP Securities

Posted by :- prashun talukdar

Nifty: The bears continued to hold their grip and the index saw selling pressure around the resistance zone of 18,300-18,350. The options data indicates a hurdle at 18,300 where the highest open interest is built up a day before the monthly expiry. The index lower-end support is visible at 18,200-18,150 which will act as a cushion for the bulls. The bulls need to cross the level of 18,350 decisively to continue the momentum on the upside toward the 18,500 level.

 

Bank Nifty: The Bank Nifty index continued its outperformance and the index managed to hold the critical support zone 42,500-42,400. The index on the upside faces a hurdle at 43,000 where the highest open interest is built up on the call side. The index remains in a buy-on-dip mode as long as the mentioned support levels are held. The momentum oscillators are in the buy zone which will confirm the strength of the index.

4:30 PM (1 week ago)

Share market breadth

Posted by :- prashun talukdar

The overall market breadth stood positive as 1,850 shares advanced while 1,647 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 281.44 lakh crore.

4:30 PM (1 week ago)

Nifty Bank, Nifty Financial Services and Nifty Oil & Gas outperform

Posted by :- prashun talukdar

11 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty Bank, Nifty Financial Services and Nifty Oil & Gas outperformed the NSE platform by rising as much as 0.64 per cent, 0.51 per cent and 0.54 per cent, respectively. In contrast, Nifty Metal and Nifty IT slipped 0.40 per cent and 0.14 per cent, each.

4:27 PM (1 week ago)

Mid and small-cap stocks

Posted by :- prashun talukdar

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 rose 0.26 per cent and small-cap moved 0.54 per cent higher.

4:26 PM (1 week ago)

Market view - S Ranganathan, Head of Research at LKP Securities

Posted by :- prashun talukdar

Markets witnessed range-bound activity today with profit-taking paring gains in late afternoon trade. PSU Banks however continued their stellar run for the third consecutive day this week. In the broader markets, railway stocks were sought after yet again with many of them holding on to their handsome gains in the last two months.

4:24 PM (1 week ago)

Market view - Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd

Posted by :- prashun talukdar

The Indian equity market started the day on a promising note with a decent gap up in the benchmark index, but the bulls failed to capitalize on the initial gains and the index plunged to lower levels. The hustle continued for the entire session as we witnessed an intense tug of war between bulls and bears. The trail-end sell-off led Nifty not only to pare down the initial gains but slipped into negative territory. Post such price action, the index finally concluded the session near the day’s low, a tad above the 18250 level with a mere gain of 0.13 percent. We remain sanguine as, on a technical aspect, the index is firmly placed above all the major exponential moving averages on the daily chart and is in a cycle of higher highs – higher lows, construing a positive setup. However, ahead of the monthly expiry, Nifty has seen some tentativeness at higher levels; but we do not construe this as any sign of worry. Traders are just opting to take some money off the table ahead of the expiry event. As far as levels are concerned, 18100-18200 is likely to cushion any fall in the index, followed by the sacrosanct support of the 18000 mark. Whereas on the flip side, the 18400-18450 is likely to remain the sturdy wall for the index in a comparable period.

3:52 PM (1 week ago)

Top gainers & losers on NSE

Posted by :- prashun talukdar

On the stock-specific front, Apollo Hospitals was the top Nifty gainer as the stock soared 3.14 per cent to close at Rs 4,610. HDFC Life, JSW Steel, Bajaj Finance and SBI were also among the gainers. In contrast, Adani Enterprises, Adani Ports, Hero MotoCorp, PowerGrid and Tech Mahindra were among the top losers.

3:46 PM (1 week ago)

Share market closing: Sensex, Nifty climb for second straight day

Posted by :- prashun talukdar

Sensex rises 92 points or 0.15 per cent to close at 61,511, Nifty moves 23 points or 0.13 per cent higher to settle at 18,267

3:01 PM (1 week ago)

Zomato shares down 3%

Posted by :- prashun talukdar

Shares of online food aggregator Zomato slipped 3.21 per cent to trade at Rs 61.90. The stock hit a day low of Rs 61.90. Around of 40.50 lakh shares changed hands today, amounting to a turnover of Rs 25.35 crore. The company's market capitalisation (m-cap) stood at Rs 52,935.30 crore.

1:56 PM (1 week ago)

Share market update: Sensex rises over 150 points, Nifty eyes 18,300

Posted by :- prashun talukdar

Sensex rises 154 points or 0.25 per cent to trade at 61,573, Nifty moves 40 points or 0.22 per cent higher to trade at 18,284; Apollo Hospitals, JSW Steel, SBI, Bajaj Finance, HDFC Life among top gainers

1:01 PM (1 week ago)

MMTC Ltd shares jump 8%

Posted by :- prashun talukdar

Shares of MMTC Ltd surged 8.19 per cent to trade at Rs 38.30. The stock hit a day high of Rs 38.40. Around 7.94 lakh shares changed hands today, amounting to a turnover of Rs 2.96 crore. The company's market capitalisation (m-cap) stood at Rs 5,722.50 crore.

12:53 PM (1 week ago)

Easy Trip Planners Ltd shares down 3%

Posted by :- prashun talukdar

Shares of Easy Trip Planners Ltd slipped 3.15 per cent to trade at Rs 66.10. The stock hit a day low of Rs 64.45. Around of 16.50 lakh shares changed hands today, amounting to a turnover of Rs 11.08 crore. The company's market capitalisation (m-cap) stood at Rs 11,655.44 crore.

12:25 PM (1 week ago)

GNFC shares up 6%

Posted by :- prashun talukdar

Shares of Gujarat Narmada Valley Fertilisers & Chemicals Ltd (GNFC) jumped 6.02 per cent to trade at Rs 627.45. The stock hit a day high of Rs 628.25. Around 1.39 lakh shares changed hands today amounting to a turnover of Rs 8.53 crore. The company's market capitalisation (m-cap) stood at Rs 9,751.75 crore.

12:12 PM (1 week ago)

Share market update: Sensex up over 100 points, Nifty trades above 18,250

Posted by :- prashun talukdar

Sensex rises 118 points or 0.19 per cent to trade at 61,537, Nifty moves 33 points or 0.18 per cent higher to trade at 18,277; Apollo Hospitals, Bajaj Finance, HDFC Life, JSW Steel, SBI among top gainers

12:08 PM (1 week ago)

Paytm shares down over 1%, hit fresh 52-week low

Posted by :- prashun talukdar

Shares of One 97 Communications Ltd, Paytm's parent, fell 1.21 per cent to trade at Rs 471.35. The stock hit a day low -- also its 52-week low -- of Rs 468.85. Around of 7.03 crore shares changed hands today amounting to a turnover of Rs 33.62 crore. The company's market capitalisation (m-cap) stood at Rs 30,620.67 crore.

12:04 PM (1 week ago)

Olectra Greentech Ltd shares down 5%

Posted by :- prashun talukdar

Shares of Olectra Greentech Ltd slumped 5.27 per cent to trade at Rs 482. The stock hit a day low -- also its 52-week low -- of Rs 477. Around of 79,000 shares changed hands today amounting to a turnover of Rs 3.82 crore. The company's market capitalisation (m-cap) stood at Rs 3,956.29 crore.

12:00 PM (1 week ago)

UCO Bank shares fall 4.5%

Posted by :- prashun talukdar

Shares of UCO Bank slumped 4.77 per cent to trade at Rs 19.95. The stock hit a day low of Rs 19.50. A total of 48.75 lakh shares changed hands today amounting to a turnover of Rs 9.89 crore. The company's market capitalisation (m-cap) stood at Rs 23,876.05 crore.

11:53 AM (1 week ago)

Rhi Magnesita India Ltd up 8.5%

Posted by :- prashun talukdar

Shares of Rhi Magnesita India Ltd jumped as much as 8.69 per cent to trade at Rs 765.20. The stock hit a day high -- alos its 52-week high -- of Rs 778.35. Around of 1.27 lakh shares changed hands today amounting to a turnover of Rs 9.57 crore. The company's market capitalisation (m-cap) stood at Rs 12,290.46 crore.

11:52 AM (1 week ago)

National Fertilizers Ltd jump 9%

Posted by :- prashun talukdar

Shares of National Fertilizers Ltd surged as much as 9.22 per cent to trade at Rs 56.25. The stock hit a day high of Rs 56.40. Around of 9.21 lakh shares changed hands today amounting to a turnover of Rs 5.06 crore. The company's market capitalisation (m-cap) stood at Rs 2,754.60 crore.

11:14 AM (1 week ago)

Hindustan Motors shares zoom 10%

Posted by :- prashun talukdar

Shares of Hindustan Motors surged as much as 9.85 per cent today to hit the upper circuit level of Rs 18.40. A total of 5.77 lakh shares changed hands today amounting to a turnover of Rs 1.05 crore. The company's market capitalisation (m-cap) stood at Rs 383.93 crore. (Read more)