20 Jul , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices moved higher on open amid strong global cues. BSE Sensex surged 600 points, while NSE Nifty 50 rose over 1% to reclaim 16500. Reliance Industries share price rose 3% on windfall tax cut. Meanwhile, Hindustan Unilever (HUL) share price rose more than 1?ter the FMCG major reported 11% growth in Q1 net profit. IndusInd Bank, Tech Mahindra, Tata Steel, Infosys and Titan were other major stocks that led gains on the Sensex, rising up to 2 per cent. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.9% higher.
“Nifty weekly contract has highest open interest at 16600 for Calls and 16300 for Puts while monthly contracts have highest open interest at 16700 for Calls and 16300 for Puts. The highest new OI addition was seen at 16600 for Calls and 16200 for Puts in weekly and at 17000 for Calls and 16000 for Puts in monthly contracts. FIIsBenchmark indices extend gains. Sensex is up 639.94 points or 1.17% at 55407.56, and the Nifty jumped 187 points or 1.14% at 16527.50.increased their future index long position holdings by 16.94%, increased future index shorts by 0.88% and index options by 8.38% in Call longs, 11.12% in Call short, 7.61% in Put longs and 19.30% in Put shorts,”
Benchmark indices are expected to open on a positive note as suggested by early trends on SGX Nifty with a 177-point gain. Some stock specific actions can be seen in Lupin(subsidiary has launched its first Reference Laboratory in Ranchi that is equipped to conduct a broad spectrum of routine and specialized tests), HDFC Life (reported a rise of 21.98% in its net profit at Rs 328.79 crore for Q1FY23), NTPC and Indian Oil (signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of Indian Oil refineries). On the technical front, key support and resistance for Nifty 50 are 16,200 and 16,500 respectively while key support and resistance for Bank Nifty are 36,000 and 35,400 respectively.”
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