Share Market Highlights- Nifty settles below 18030, Sensex falls 230 pts; HUL, Asian Paints top losers

Share Market Highlights: Nifty settles below 18030, Sensex falls 230 pts; HUL, Asian Paints top losers

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded the week’s last muted trading session in the red. The BSE Sensex closed below 60,630 and the NSE Nifty 50 after moving in the range of  18,016.20 and 18,145.45 settled below 18030. The BSE Sensex fell 236.66 pts or 0.39% to close at 60,621.77 and the Nifty 50 dropped 80.20 pts or 0.44% to  18,027.65. The top losers of the Nifty 50 were Hindustan Unilever Ltd (HUL), Asian Paints, Bajaj Finance, Nestle India and JSW Steel while top gainers were Coal India, HDFC Bank, Power Grid, HDFC and ITC.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Highlights Friday 20 January

15:45 (IST) 20 Jan 2023 Top gainers/losers

The top losers of the Nifty 50 were Hindustan Unilever Ltd (HUL), Asian Paints, Bajaj Finance, Nestle India and JSW Steel while top gainers were Coal India, HDFC Bank, Power Grid, HDFC and ITC.

15:44 (IST) 20 Jan 2023 Nifty, Sensex close in red

The BSE Sensex fell 236.66 pts or 0.39% to close at 60,621.77 and the Nifty 50 dropped 80.20 pts or 0.44% to  18,027.65.

14:52 (IST) 20 Jan 2023 Volume toppers & gainers

Agri-Tech (India) Ltd, Gallantt Ispat Ltd, Gillanders Arbuthnot & Company Ltd, Hariom Pipe Industries Ltd, Ashapura Minechem Ltd, Nureca Ltd, Centrum Capital, Apollo Pipes, Indo Tech Transformers, Barbeque Nation Hospitality and Compuage Infocom Ltd were the volume gainers on NSE. On the BSE, volume toppers were HDFC Bank, Asian Paints, Reliance Industries, Infosys, Hindustan Unilever (HUL), Tata Steel, Tata Motors, Larsen & Toubro, State Bank of India (SBI) and ICICI Bank.

14:52 (IST) 20 Jan 2023 52-week high/low

Anand Rathi Wealth Ltd, Anant Raj Ltd, Apollo Micro Systems Ltd, Chembond Chemicals Ltd, Generic Engineering Construction and Projects Ltd, Hisar Metal Industries Ltd, Jindal Stainless Ltd, Landmark Cars Ltd, Larsen & Toubro Ltd and Swan Energy Ltd were among 43 stocks that hit 52-week highs. On the flip side, Bharat Rasayan Ltd, Gland Pharma Ltd, Heranba Industries Ltd, ICDS Ltd, Indus Towers Ltd, Laurus Labs Ltd, Plastiblends India Ltd, Radiant Cash Management Services Ltd, Sah Polymers Ltd and Supriya Lifescience Ltd were among the 42 stocks that hit 52-week lows.

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14:51 (IST) 20 Jan 2023 Top gainers/losers

IndusInd Bank, Tata Motors, Coal India, HDFC, HDFC Bank, Power Grid, State Bank of India, HCL Tech, ITC and Wipro were the top gainers while Hindustan Unilever, Asian Paints, Nestle India, JSW Steel, Bajaj Finance, Apollo Hospitals, SBI Life, Bharti Airtel, Sun Pharma and Bajaj Finserv were the top laggards.

14:51 (IST) 20 Jan 2023 RIL, HDFC Bank, HUL among most active equities

HDFC Bank, Reliance Industries Ltd (RIL), Hindustan Unilever (HUL), Coforge, Asian Paints, Kotak Bank, Infosys, Tata Motors, Vedanta Ltd and ICICI Bank were the most active NSE equities.

14:50 (IST) 20 Jan 2023 Bank Nifty, IT rise, Auto, FMCG, Pharma fall

Sectoral indices were trading mixed. Bank Nifty rose 0.75%, Nifty IT climbed 0.25%, Nifty PSU Bank up 0.80% and Nifty Oil & Gas advanced 0.25% while Nifty Auto fell 0.16%, Nifty FMCG dropped 0.85%, Nifty Metal slipped 0.55% and Nifty Pharma was down 0.47%.

14:49 (IST) 20 Jan 2023 Broader market indices in red

All the broader market indices were trading in red with the Nifty 100 falling 0.06%, Nifty Midcap 100 dropping 0.26%, Nifty LargeMidcap down 250 down 0.18% and Nifty Total Market plunging 0.10%.

14:47 (IST) 20 Jan 2023 Asian markets conclude in green

Asian markets concluded week’s last trading session in green. China’s Shanghai Composite index rose 24.53 points or 0.76% to 3,264.81, Japan’s Nikkei 225 advanced 148.30 pts or 0.56% to 26,553.53 and Hong Kong’s Hang Seng climbed 393.67 pts or 1.82% to 22,044.65.

11:59 (IST) 20 Jan 2023 Nifty slips below 18100, Sensex falls 30 pts

The NSE Nifty 50 slipped 12.90 pts or 0.07% to 18,094.95 and BSE Sensex fell 31.39 pts or 0.05% to 60,827.04 amid mixed sentiment in global markets.

11:20 (IST) 20 Jan 2023 RIL shares fall 1% ahead Q3 results announcement

Reliance Industries Ltd shares fell over 1% to Rs 2443.05 ahead of the quarterly results announcement. Mukesh Ambani-led Reliance Industries is expected to post a mixed set of financial numbers for the third quarter October-December on Friday, January 20, with net profit likely falling, but EBITDA and revenue rising. Reliance Industries’ – Nifty index’s biggest heavyweight – profit after tax (PAT) for the fiscal third quarter is likely to fall 5-18% on-year due to volatility in oil demand owing to geopolitical disruptions.

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10:59 (IST) 20 Jan 2023 NSE bulk deal data

Brijesh Parekh HUF sold 1,40,000 shares of Alpa Laboratories Ltd (ALPA) at Rs 73.90 per share.

Kroma Industries bought 3,56,800 shares of Ducol Orgs and Colours Ltd (DUCOL) at Rs 111.70 per share.

Ankita Vishal Shah bought 7,92,841 shares of OM INFRA Ltd (OMINFRAL) at Rs 48.35 per share.

Other major deals that took place on Thursday

10:02 (IST) 20 Jan 2023 Sectoral indices trade mixed

The sectoral indices were trading mixed. Bank Nifty rose 0.58%, PSU Bank climbed 0.98% and Nifty Private Bank advanced 0.53% while Nifty FMCG fell 0.91%, Nifty IT dropped 0.14%, Nifty Pharma plunged 0.66%, Nifty Auto slipped 0.23% and Nifty Oil & Gas sank 0.10%.

09:40 (IST) 20 Jan 2023 Nifty crucial levels

“While the upside attempts failed to find momentum, it did not require dips as far as our turnaround point of 18047 to slow the slippages. Consequently, yet another upside attempt is to be attempted today with 18270-17800 continuing to be the out band. If the 18047 vicinity continues to hold, we may rest assured that 17800 is a near-term bottom, setting up a likely target of 18600. However, the inability to float above 18947 will force a retest of 17960, but a collapse is less favoured as is.” – Anand James – Chief Market Strategist at Geojit Financial Services.  

09:38 (IST) 20 Jan 2023 Nifty to remain in 17800-18200 range in absence of major triggers

“Nifty which is now stuck in a narrow band of 17800-18200 is likely to remain in this range in the absence of major triggers. FIIs turning buyers is major support at 17800. Triggers to take Nifty beyond 18200 are not yet visible. Large Q3 results from the likes of RIL, ICICI Bank and Kotak have to be closely watched for indications. The strength of HDFC twins and the weakness of ICICI Bank indicate some churn within financials. Data on capex, credit growth and manufacturing and services PMI indicate that the growth rebound in the economy is robust. The capital goods segment has the potential to outperform this year.” – V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

09:32 (IST) 20 Jan 2023 Asian Paints shares fall over 1% after PAT misses street estimates

Asian Paints shares fell 1.61% to Rs 2822.00 after the company’s quarterly results missed market estimates. The company reported a 6.37% growth in consolidated net profit for the October-December quarter at Rs 1,097.06 crore. It had reported a profit of Rs 1,031.29 crore in the same quarter of the previous fiscal year. “Asian Paint’s performance was a miss on estimates with revenues and PAT growing by 1.3% and ~7% respectively with sales volume in the decorative paints business remaining almost flat. As expected gross margins and the EBIDTA margins improved on a sequential basis. The domestic decorative paint business witnessed recovery in Nov & Dec after a muted performance in October affected by delayed monsoon and price hikes in the portfolio. If commodity prices decline from the current level it will the company to post better margins ahead and also help in taking relevant pricing actions to improve volume growth ahead. The stock has underperformed in the recent past and any further correction can be considered as a good opportunity to accumulate quality consumer goods company from long term perspective,” said Kaustubh Pawaskar- Analyst, Sharekhan by BNP Paribas.

09:27 (IST) 20 Jan 2023 HUL shares fall over 3% on profit booking

HUL shares fell more than 3% on Friday to Rs 2,550 on NSE on profit-booking after the company’s Q3 results beat street estimates. HUL’s net profit for the quarter ended 31 December 2022 increased to Rs 2,505 crore, up 12% from Rs 2,243 crore reported in the year-ago period.

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09:25 (IST) 20 Jan 2023 Nifty, Sensex open in red

The BSE Sensex slipped 60,850 while the Nifty was trading around 18,100. The 30-share BSE benchmark fell 42.03 pts or 0.07% to 60,816.40 and Nifty 50 dropped 11.35 pts or 0.06% to 18,096.50.

09:13 (IST) 20 Jan 2023 FII DII data

Foreign institutional investors (FII) bought shares worth a net Rs 399.98 crore while domestic institutional investors (DII) sold shares worth a net Rs 128.96 crore on Thursday, January 19, 2023, according to the data available on NSE.

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09:12 (IST) 20 Jan 2023 Nifty, Sensex end pre-open in green

Indices ended the pre-opening session in green. The NSE Nifty 50 rose marginally by 7.75 pts or 0.05% to 18,115.60. The BSE Sensex rose 42.73 pts or 0.07% to 60,901.16.

08:43 (IST) 20 Jan 2023 Stocks under FO Ban

Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), L&T Finance Holdings and Manappuram Finance Ltd are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday, January 20.

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08:25 (IST) 20 Jan 2023 RIL Q3 results preview

Mukesh Ambani-led Reliance Industries is expected to post a mixed set of financial numbers for the third quarter October-December on Friday, January 20, with net profit likely falling, but EBITDA rising. Reliance Industries’ – Nifty index’s biggest heavyweight – profit after tax (PAT) for the fiscal third quarter is likely to fall 5-18% on-year due to volatility in oil demand owing to geopolitical disruptions.

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08:22 (IST) 20 Jan 2023 Sentiment remains sideways to positive fo Bank Nifty

“The Bank Nifty continues to trade sideways as the banking index traded within a narrow range before closing slightly lower. The sentiment remains sideways to positive as long as it remains above 41800. The momentum indicator is in positive crossover on the daily chart. The current trend is likely to continue until the Bank Nifty falls below 41800. On the higher end, resistance is visible at 42500.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:20 (IST) 20 Jan 2023 US markets end in red

The stock indices in the United States concluded Thursday’s session in red with the major indices falling over half a percent. The Dow Jones Industrial Average (DJIA) fell 252.40 pts or 0.76% to 33,044.56, S&P 500 dropped 30.01 pts or 0.76% to 3,898.85 and the tech-heavy Nasdaq plunged 104.74 or 0.96% to 10,852.27.

08:16 (IST) 20 Jan 2023 Asian markets marginally in green

Asian markets were trading in the green on the last trading day of the week. China’s Shanghai Composite index rose 20.63 points or 0.64% to 3,260.91, Japan’s Nikkei 225 jumped 35.35 pts or 0.13% to 26,440.48 and Hong Kong’s Hang Seng advanced 217.44 pts or 1% to 21,868.42.