07 Apr , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened on negative note with Nifty below 17800 amid weak global cues. The BSE Sensex was down 300.99 points or 0.50% at 59,309.42, and the NSE Nifty 50 was down 73.70 points or 0.41% at 17,734. Bank Nifty dropped 192 points or 0.5% to 37,439. Cipla, Asian Paints, Adani Ports, Divis Labs and Eicher Motors were among major gainers on the Nifty, while losers were ONGC, HDFC Bank, IOC, HDFC and Wipro. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, up to 0.5 per cent higher.
Adani Group stocks continued to edge higher. Adani Transmission spiked above 5%, Adani Power 5%, Adani Ports 0.84%, Adani Wilmar 5%, Adani Green 1.02%, Adani Enterprises 1.05% and Adani Total GAS 1.23%.
Zee Entertainment shares slipped 3.4 per cent to a low of Rs 281.10 in the intra-day trades on the NSE amid heavy volume. Till 9:30 am, 124.5 million shares had changed hands on the NSE and BSE.
“The intraday texture of the market has turned weak and a fresh pullback rally is possible only after 17900 breakout. For traders, 17900 would act as an immediate hurdle, and below the same a weak formation is likely to continue till 17700-17650. However, above 17900 the index could move up to 17960-18050. The Nifty is having a strong support between 17650-17700 and hence contra traders can take a long bet near 17650 with strict support stop loss at 17620.”
Uma Exports shares made a positive listing on the stock exchanges on Thursday, despite bearish market sentiment. Shares of the trader of agricultural products and commodities began trading at Rs 80 per share, up 17.65% from the upper end of IPO price band of Rs 68 per share. The overall market sentiment was negative as Sensex and Nifty were down in the red for the third consecutive session. Uma Exports IPO was subscribed 7.67 times earlier last month with all investor categories oversubscribing their portion of the issue.
0 Comment