April 21, 2024
Stock Market

Sensex Today | Share Market Live Updates : Benchmarks edge up, Sensex up 270pts, Nifty above 22,000; Reliance up 1.3%

29 Feb 2024, 10:02 AM IST
Sensex Today Live : 10 am market update

Sensex Today Live : Although having opened in the red on Thursday, Indian benchmark indices were seen climbing higher in early trades, despite weak signals from global peers that were awaiting a raft of data across countries.

At 10 am, Sensex was up 284.49 points, or 0.39%, at 72,589.37, and Nifty was up 58.75 points, or 0.27%, at 22,009.90.

29 Feb 2024, 09:54 AM IST
Sensex Today Live : Small-caps sneeze, markets catch a cold

Sensex Today Live : Concerns over a potential asset bubble in small-cap stocks swept across the market on Wednesday, pulling down both the benchmark indices and the wider markets. This occurred just a day ahead of the expiration of the February series of derivatives.

The sell-off primarily impacted small-cap and midcap stocks, following reports that a worried market regulator had requested stress tests for mutual funds’ small-cap schemes. Additionally, a prominent fund house halted incremental flows into small-cap schemes.

Both the Nifty and Sensex experienced a drop of slightly over 1 percent, breaking the psychological thresholds of 22,000 and 73,000 to reach 21951.15 and 72304.88 respectively. This was due to foreign portfolio investors (FPIs) and retail investors selling off a provisional 1879.23 crore and 200 crore respectively. (Read the full story here.)

29 Feb 2024, 09:41 AM IST
Sensex Today Live : Brightcom Group’s shares, in the negative for four consecutive days, dropped nearly 5% in early trades on Thursday

Sensex Today Live : The Securities and Exchange Board of India (SEBI) has issued a confirmatory order against Brightcom Group due to fraudulent activities in the preferential allotment of shares. The group’s promoter and CMD, M Suresh Kumar Reddy, has been barred from purchasing, selling, or dealing in securities, either directly or indirectly. He is also prohibited from holding directorial or key managerial positions in Brightcom Group or its subsidiaries. The CFO, Narayan Raju, is similarly restricted from holding the position of a director or a key managerial person. The directive against Shankar Sharma, which prevented him from disposing of his shares, has been lifted.

Over the past month, the company’s stock has declined of 17.62%.

29 Feb 2024, 09:32 AM IST
Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Auto, PSU Bank, Oil & Gas, and Metal, all sector indices were in the red in early trades on with Media down 1.75%. Nifty Bank was down 0.14%.

29 Feb 2024, 09:29 AM IST
Sensex Today Live : Broader market indices heat map

Sensex Today Live : Continuing their downward trend from Wednesday, the broader market indices were under pressure in early trades on Thursday.  

29 Feb 2024, 09:24 AM IST
Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Bajaj Auto, UPL, BPCL, Cipla, and Power Grid Corp., were the top losers on the Nifty 50, while Reliance Industries, SBI, Mahindra & mahindra, Hero MotoCorp, and Titan were gaining in early trades. 

29 Feb 2024, 09:22 AM IST
Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Reliance Industries, NTPC, SBI, IndusInd Bank, and Bajaj Finserv were the top gainers on Sensex in early trade, while Nestle, UltraTech Cement, TCS, Infosys, and Tata Motors, were the top losers. 

29 Feb 2024, 09:18 AM IST
Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Thursday, amid weak signals from global peers that were awaiting a raft of data across countries.

Sensex opened 69.44 points, or 0.10%, down at 72,235.44 and Nifty opened 36.45 points, or 0.17%, at 21,914.70.

29 Feb 2024, 09:11 AM IST
Sensex Today Live : Sensex, Nifty red in pre-open

Sensex Today Live : Indian benchmark indices fell at pre-open on Thursday, amid weak signals from global markets that were awaiting a slew of data across countries.

Sensex was down 84.31 points, or 0.12%, at 72,220.57 and Nifty was down 15.95 points, or 0.07%, at 21,935.20 during pre-open.

29 Feb 2024, 08:58 AM IST
Sensex Today Live : Reliance Securities gives technical outlook for Bank Nifty

Sensex Today Live : BANK NIFTY continued to underperform the broader markets and PSU banks leading the negative momentum to close below the 20 day average.

On the higher side 47,000 will act as resistance and on the downside support is placed at 46,100 being the 20 day average.

RSI is trending near to its average line and we expect the momentum to continue to test the lower band over the next few days.

Bank Nifty highest call OI is at 46,500 levels while on the downside put OI is at 45,500 levels for the monthly expiry.

29 Feb 2024, 08:55 AM IST
Sensex Today Live : Reliance Securities gives technical outlook for Nifty-50

Sensex Today Live : Nifty-50 has broken on the downside from its inside range with sharp unwinding in put options of various strikes and closed lower for the day.

The close is near the 20 day average and sustenance below 22,000 levels would witness further pressure in index pivotal.

RSI is reversing downwards on daily charts and retraced back to the support of the lower range and other key technical indicators are in oversold on hourly charts.

Highest call OI has moved lower to 22,000 strike while on the downside the highest put OI is at 21,500 for the monthly expiry.

29 Feb 2024, 08:50 AM IST
Sensex Today Live : Reliance Industries’ shares in focus today as it moves to merge its media operations with Walt Disney’s India operations

Sensex Today Live : On February 28, Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani, and global media giant Walt Disney, announced their decision to merge their media operations in India. This merger will create a media powerhouse valued at 70,352 crore. As part of this agreement, Viacom18’s media business will be integrated into Star India through a court-approved arrangement, the conglomerate said in an exchange filing. After completion of this deal, Reliance will hold a 16.34% stake in the joint venture, Viacom 46.82%, and Disney will hold 36.84%. Nita Mukesh Ambani will be the chairperson of the JV, with Uday Shankar as vice-chairperson. (Read the full story here.)

29 Feb 2024, 08:34 AM IST
Sensex Today Live : What to expect from Indian stock market in trade on February 29

Sensex Today Live : Investors in the Indian stock market are likely to tread carefully on Thursday, the day of the monthly derivatives expiry, in light of the weak cues from the global market and the significant correction observed in the benchmark indices Sensex and Nifty 50 during the last session.

The Gift Nifty trends suggest a slightly positive opening for the Indian benchmark index. The Gift Nifty was seen trading around the 21,960 mark, a rise of over 30 points from the previous close of Nifty Futures.

On Wednesday, the domestic benchmark indices concluded with a decline of more than a percent, with the Nifty 50 dropping below the 22,000 mark just before the monthly expiry.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, stated, “From a technical perspective, this pattern indicates a trend reversal towards the downside, and one might anticipate further short-term weakness. The positive chart pattern of higher tops and bottoms remains intact, and the current weakness could align with the new higher bottom of the pattern. The next critical lower levels to monitor are around 21,800 and 21,700 (ascending trend line and 10-week EMA).” (Read the full story here.)

29 Feb 2024, 08:20 AM IST
Sensex Today Live : Eight key things that changed for market overnight – Gift Nifty, US GDP to Bitcoin price rally

Sensex Today Live : On Thursday, domestic equity indices will likely commence trading with caution due to the frailty observed in global counterparts, as investors keep a close eye on significant economic data releases.

Overnight, Asian markets experienced a downturn, and US stock indices concluded trading in negative territory, all awaiting crucial US inflation figures. The GDP growth for the US’s fourth quarter was marginally downgraded, while the GDP data for India’s third quarter of FY24 is slated for release today.

Investors will be particularly interested in the US Personal Consumption Expenditures (PCE) price index, which is the US Federal Reserve’s favored measure of inflation. This data will provide insights into the potential timing of a Fed interest rate reduction. (Read the full story here.)

29 Feb 2024, 08:06 AM IST
Sensex Today Live : Global peers retreat, Gift Nifty signals muted start for Indian benchmarks

Sensex Today Live : Gift Nifty, trading at 21,955.50 at 7:52 am on Thursday, marginally ahead of Nifty 50’s close of 21,951.15 on Wednesday, indicated a bearish start for benchmark indices in India in today’s trading session.

South Korean shares fell on Thursday tracking Wall Street’s overnight losses ahead of U.S. inflation data, and were set to end a five-week winning streak. The won weakened, while the benchmark bond yield rose.

The benchmark KOSPI fell 19.64 points, or 0.74%, to 2,632.65 by 0116 GMT.

A global equities index fell slightly on Wednesday while Treasury yields edged down and the dollar rose against a basket of currencies as investors were wary the day before U.S. inflation data that could influence Federal Reserve policy.

January’s U.S. personal consumption expenditures price index (PCE), the Fed’s preferred inflation measure, is due on Thursday.

MSCI’s gauge of stocks across the globe shed 0.33%.

On Wall Street the Dow Jones Industrial Average finished down 23.39 points, or 0.06%, at 38,949.02.

The S&P 500 dropped 8.42 points, or 0.17%, to 5,069.76 while the Nasdaq Composite closed down 87.56 points, or 0.55%, at 15,947.74.

European stocks dipped as lackluster corporate earnings weighed on sentiment with the pan-European STOXX 600 index closing down 0.35%.

The dollar index, which measures the greenback against a basket of major currencies, rose 0.1% to 103.94.

The euro was down 0.08% at $1.0835. Against the Japanese yen, the dollar strengthened 0.12% at 150.69.

U.S. Treasuries yields slid across the board with yields on benchmark U.S. 10-year notes falling 4.7 basis points to 4.268%, from 4.315% late on Tuesday, while the 30-year bond yield fell 3.5 basis points to 4.4047% from 4.44%.

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