Share Market Highlights: Sensex nosedives 1045 pts on closing, Nifty ends at 15360; Tata Steel shares tank 6%

Share Market Highlights: Sensex nosedives 1045 pts on closing, Nifty ends at 15360; Tata Steel shares tank 6%

Market news sharing today | Sensex, Nifty, Highlight Stock Price: The domestic stock market begins with profits but failed to maintain it because Bears brought disaster at Dalal Street. Sensex Tinked 1,045 points or 1.99% to end at 51,495 points while the NSE NIFTY 50 index dropped 331 points or 2.11% to settle at 15,360. Nestle India is the only Sensex stock that ends with profits, up 0.36%. Among the 29 other red shares, the worst player was Tata Steel, down 6.32%. Tech Mahindra, Indusind Bank, Bharti Airtel, and Bajaj Finance followed. Bank Nifty fell 2.17% while India Vix increased 3.25% to get back 22 levels.

Sensex, Nifty extended the loss until the fifth day, press the lowest position of 52-week fresh on F&O expiry when the bear tightened the grip
Bears continue to tighten their grip on Dalal Street in the Easiwartens of Futures & Opties (F&P) weekly today. The domestic stock market begins with profits but failed to maintain it because the bear handed over chaos and forced sensex and nifty to reach the lowest 52 weeks of fresh position. Sensex Tinked 1,045 points or 1.99% to end at 51,495 points while the NSE NIFTY 50 index dropped 331 points or 2.11% to settle at 15,360. Nestle India is the only Sensex stock that ends with profits, up 0.36%. Among the 29 other red shares, the worst player was Tata Steel, down 6.32%. Tech Mahindra, Indusind Bank, Bharti Airtel, and Bajaj Finance followed. Bank Nifty fell 2.17% while India Vix increased 3.25% to get back 22 levels.

Stocks need to be checked carefully for the sustainability of income
Superiors and basics for fools and liars. We don’t try to predict the right level. For investors who are not fully invested or who have collected cash in the past by ordering profits, this time provides an opportunity to gradually increase the equity part of their portfolio. While shares that can be invested, we must be careful because we do not have a sector exposure or stock that has been passed down due to a very high assessment or very high profit estimated that seems difficult to achieve. Also stocks need to be checked carefully for the sustainability of income. No one can capture the bottom and therefore it is necessary to start this process and reach an attractive entry point with average on the negative side. Devarsh Vakil, Deputy Head, Retail Research, HDFC Securities

Bell CLOSING
Sensex Tinked 1,045 points or 1.99% to end at 51,495 points while the NSE NIFTY 50 index dropped 331 points or 2.11% to settle at 15,360. Bank Nifty fell 2.17% while India Vix increased 3.25% to get back 22 levels.

All red -blooded NSE sector indexes
All sectoral indexes in NSE dropped with losses. The nifty metal index dropped 5%, followed by the nifty media index, down 2.9%. Nifty bank dropped 2.1% and was good, down 2.2%.

The worst sensex player
Tata Steel’s shares fell 5.3% as the worst Sensex shares on Thursday. Bharti Airtel was followed, down 4.2%, and Tech Mahindra fell 3.9%

Sensex crashed more than 1,600 points from the height of the day, good at Fresh 52-Week Low; What drags D-Street today?
Analysts say that global cues are weaker after the most steep interest rate increases by the US federal reserve have caused nervousness in all global equity markets. “Under 15,650 markets to remain in a strong grip of bear. We seem to go to 15,000-14,800 on the negative side, “said Rahul Sharma, Director & Head-Research, JM Financial. “Technically, if the NSE Nifty 50 is closed below 15660, then in the coming days, the market can also watch 15240 and 14890 levels,” AR Ramachandran, Co-Founder & Trainer, Tips2Trades, said.

Tech Mahindra, Tata Steel, Wipro among 79 BSE stocks to reach the lowest 52 week position, 50 scripts in fresh highs
The domestic stock market opened with profits on Thursday morning, reflecting global cues but failed to hold up and witness volatility. S&P BSE Sensex, after opening 500 points higher, down 200 points around noon. NSE NIFTY 50 violated 15,800 on the previous day but now under 15700. While the index traded Volatile 50 shares in BSE looks at the highest 52-week fresh while 79 shares dropped in the lowest position. This includes the names of tents such as Tech Mahindra, Wipro, and Tata Steel. The domestic market remains stable after the US Federal Reserve raised interest rates by 75 basis points yesterday, the highest in three decades.

Sensex, Nifty turns red
Sensex and Nifty release all the benefits and turn red on Thursday. Sensex down 150 points while Nifty 50 is below 15,700.

Reliance Industries received an increase in ranking, JP Morgan changed to bullish, seeing 22% of potential rally in 1 year
JP Morgan India has increased its ranking in Reliance Industries Ltd (RIL) to become ‘overweight’ from the previous ‘neutral’, and has set a target price of each 3,170 hospital, implying a potential increase of more than 22 percent for the next 12 months. On Thursday, Ril’s share price was traded in 2,658.60 Hospital each, up 2.4 percent. He also expects Ril’s performance to NSE NIFTY 50 to continue to provide reverse risk for the consensus of income estimation. In the basis of years-to-date (YTD), Reliance Industries has defeated the NIFTY 50 index of 21 percent. Read the full story

ITC shares outperformed Nifty, up 20% so far in 2022; Should you buy?
ITC shares have jumped 20 percent so far this year, outperforming Nifty 50 which has fallen 10 percent so far in 2022 in the midst of severe market volatility. ITC shares rose 1.4 percent to RS 264 each at BSE Intraday after the Motilal Financial Services (MOSL) domestic brokerage company increased its ranking in stocks and stated that shares could collect up to 27 percent more, going forward. Recovery of requests is better than expected and healthy margin prospects in cigarettes, healthy sales momentum in the FMCG business, lower obstacles than hotel businesses, and better capital allocation in recent years have made Motilal Oswal constructive in stocks.

Fund managers who are less severe in equity, mostly since May 2020, the Bofa survey shows; The cash level remains high
The global fund manager is less severe in equity, the monthly bank of America (BOFA) survey shows. Determination of the lack of severe position of the fund manager is the highest since May 2020 – 15% net body weight in June 2022, which is contrary to the overweight of 13% in the previous month. The global stock market has been nervous in recent months with several headwinds in the future including an increase in interest rates, inflation, and bottleneck supply chains. The fund manager survey shows that the cash level has dropped to 5.6% from 6.1% but it remains high. It is important to note that the BOFA survey was held before the inflation rate last week was released.

Writing calls seen in 15900 and 16000
Nifty OI remains high while Bank Nifty sees a short approach because OI dropped by 3% (on Wednesday). The writing of the call was seen in 15900 and 16000 calls when writing was written in 15550 strikes.

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