19 Jan , 2023 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity indices opened in the red territory on Thursday amid negative sentiment in the global markets. The BSE Sensex fell 133.65 points or 0.22% to 60,912.09 and NSE Nifty 50 dropped 46.20 pts or 0.25% to 18,119.15. Most of the sectoral indices were trading in red with Bank Nifty falling 0.15%, Nifty IT dropping 0.56%, Nifty Auto sinking 0.27% while Nifty Pharma rose marginally by 0.09%. HDFC Life, Axis Bank, IndusInd Bank, UPL and Cipla were the top gainers of Nifty 50 while Adani Enterprises, Hindalco, Kotak Bank, Titan, Larsen & Toubro and UltraTech Cement were the top losers.
Despite the enthusiastic push higher above 18100 yesterday, the proximity of key resistances ahead looks to be preventing Nifty from a free run. We will remain hopeful towards renewed attempts to scale them, as long as dips are held above 18047. As is, the upside breakout point has been pushed higher to 18270, while the lower band is at 17800.”
IndusInd Bank shares fell 2.49% to Rs 1192.00 on profit booking after the lender’s net profit for the quarter ending December 2022 jumped to Rs 1,959 crore, a 69% on-year rise that beat the Bloomberg estimate of Rs 1,885 crore.
Vedanta Ltd shares rose 0.66% to Rs 326.25 after the company informed exchnages that it will acquire debt-laden Meenakshi Energy for Rs 1,440 crore.
Hindustan Unilever Ltd (HUL) shares fell 1.12% to Rs 2656.65 ahead of the quarterly results announcement. The company is expected to post double-digit growth in topline for the quarter ended December 2022 quarter. However, its operating margins are expected to fall on-year due to increasing advertising spends, according to analysts.
Foreign institutional investors (FII) sold shares worth a net Rs 319.23 crore while domestic institutional investors (DII) purchased shares worth a net Rs 1225.96 crore on Wednesday, January 18, 2023, according to the data available on NSE.
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