Sensex, Nifty share price today
Market update: Sensex, Nifty and Bank Nifty share price today
Sensex, Nifty share price analysis for today: Indian stock market opened in red today. SGX Nifty was indicating a negative start for the Indian market in the morning. At close, Nifty down 73.50 points and closed at 11,588.40. Sensex fell 334.54 points and closed at 38963.84.
The NSE Banking Index, Bank Nifty gained 290.95 points today and closed at 29411.20. The Nifty midcap and smallcap indexes are also gainers today. Nifty midcap 100 index gained13 points or 0.08% and closed at 16226.55 whereas Nifty smallcap 100 index gained 1.01% or 56.45 points and closed at 5624.
The top five Nifty50 gainers are Dr Reddy’s Lab, ICICI Bank, BPCL, Titan Company, and Cipla. The top five losers in Nifty50 stocks are Infosys, Tata Motors, Bajaj Finserv, HCL Tech, and Bajaj Finance.
In the Nifty midcap space, the top gainers are Reliance Power, HEG and the losers are Dish Tv and L&T Technology. In the Nifty smallcap space, the top gainers are Avanti Feeds, Welspun India and the losers are Cyient and MMTC Ltd.
Among sectors, Banking Finance, Healthcare, Media, Insurance, Logistics are the gainers whereas IT, Telecom, Aviation, and Metals are the losers.
Nifty shares in News today:
Infosys tanks 16% in the morning after whistleblower complaints unethical practices by the company’s executives to boost its profit and revenue. The share price of Infosys closed at Rs 643.55 per share in the end.
A forensic audit of DHFL has confirmed the diversion of Rs 20,000 crores fund to private entities of the promoter as per the report of Moneylife. The share price of DHFL has fell 4.90% and closed at Rs 20.40 per share.
Yes Bank is continuous in news and this time it is likely to take over Rs 6000 crore of land held by Sumer Group in Radius joint venture over nonpayment of Rs 479 crore loan. The share price of Yes Bank gained 0.78% and closed at Rs 51.80 per share.
The promoter has reduced its stake in Dish TV, the share price of Dish TV fell 12.61% and closed at Rs 14.55 per share.
The shares of Bharti Infratel dips 1.07% as the company may fail to meet the deadline to complete the Indus Towers merger. The share price closed at Rs 258.80 per share
Stocks in news due to Q2 result
Ultra Tech Cement reported a strong Q2 numbers on Monday, its net profit jumped 63% to Rs 583.11 crore on 4% rise in net sales Rs 9620 crores. But the share price of ultratech cement fell 1.07% and closed at Rs 4249.30 per share.
Ambuja Cement reported a 31% YoY rise in net profit after tax at Rs 235 crore for Sept end quarter. The last year the company had posted Rs 179 crore in the same quarter. The share of Ambuja Cement reacted negatively today, fell 5.66 % and closed at Rs 195.90 per share.
The profit of Oberoi Realty has declined sharply in Sept end quarter. The share price of Oberoi Realty fell 5.03% and closed at Rs 512.90 per share.
The consolidated net profit of Granules Indian for Sept quarter was Rs 96 crores against Rs 60.30 YoY. The consolidated revenue also jumped 20% at Rs 700 crores against Rs 581 crores YoY.
The company has got USFDA approval for new allergy drugs. The share price of Granules India was up 12.61% and closed at Rs 114.30 per share.
Today’s Q2 result
Shree Cement has posted strong Q2 numbers in September end quarter. The company’s profit jumps six times with healthy operating income. The share price of Shree Cement jumps 4.47% and closed at Rs 19515.60 per share.
Bajaj Finance has reported a strong Q2 earnings for Sept end quarter. Its profit grew by 63% YoY to Rs 1506 crores compare to Rs 923.5 crores last year same quarter. Though the result is good but the share price has fell 2.50% and closed at Rs 4034.15per share.
Kotak Mahindra Bank reported strong Q2 numbers, its profit jumps 51% to Rs 1724.5 crores in Sept end quarter. The Bank’s asset quality weakened on a sequential basis. NII jumped 25% and loan growth reported 15% YoY. The market has reacted positively to the result and the share price gained 0.84% and closed at Rs 1628.85 per share.
Jubilant Foodworks reported a 2.8% YoY decline in profit in Sept end quarter, due to a one-time loss of 12.5 crores. The share price of Jubilant Foodworks gained 5.09% and closed at Rs 1428.85 per share.
Crude and Rupee updates:
The Brent crude oil future price is trading higher today. It has got appreciated 0.60% and currently trading at $ 59.30 per barrel. The Indian rupee is trading almost flat got depreciated 0.12% and currently trading at Rs70.99 against the US dollar.
Conclusions:
We have done Sensex and Nifty share price analysis for today. Indian markets are looking positive, one can buy good quality stocks in dip. Today market got corrected after 6 days. Healthy correction is also required in the market so that one who missed the earlier rally can now take part. Investors and traders should follow the global cues on a daily basis to know the market trend.
If you like the post please share with others.
Also, you may like to read, Share market updates today: Sensex | Nifty| Bank Nifty
Nifty50 Stocks list | Index | Share price
Happy Investing!!
Editors Desk
