11:10 (IST) 19 May 2023
Nexus Select Trust REIT listing: Units debut at 3% premium over IPO price
Blackstone-backed Nexus Select Trust REIT units listed at 3% premium over IPO price on NSE and BSE amid a flat domestic market. The units debuted at Rs 103 on the NSE, as compared to the issue price of Rs 100 per unit. The scrip touched a high of 3.7% at Rs 103.74. A mildly positive listing was expected as ahead of the market debut, Nexus Select Trust REIT units were trading at a premium of Rs 3 in the grey market and gained 3% in the pre-open market.
11:09 (IST) 19 May 2023
Highest dividend-yield small-cap shares; these 15 shares have paid up to 33% yields to shareholders
TV Today Network was the highest dividend yielding small-cap scrip in the last financial year, with a whooping yield of 33%, according to a list of highest dividend-yielding smallcap shares compiled by Axis Securities. Another stock on the list – Polyplex Corporation– paid the highest dividend at Rs 106 per share, with a dividend yield of 7%.
10:24 (IST) 19 May 2023
Nifty IT jumps over 1%; check top gainers
Nifty IT jumped 328.50 points or 1.18% to 28,221.05. The top gainers were HCL Tech, Infosys, Tech Mahindra, Persistent and LTIM while there were no losers.
10:22 (IST) 19 May 2023
Bank Nifty slips below 43650; check top losers/gainers
Bank Nifty slipped 123.6 points or 0.28% to 43,628.7. The top losers were AU Bank, Bandhan Bank, IDFC First Bank, Federal Bank and IndusInd Bank while the gainers were PNB, Kotak Bank, SBIN and ICICI Bank.
09:56 (IST) 19 May 2023
ITC share price tanks nearly 2% today despite 23% rise in Q4 profit
ITC share price tanked 1.83% to Rs 411.95 today on profit booking after the cigarettes-to-hotels conglomerate posted a profit rise of 23.4% on-year to Rs 5,175.48 crore for the quarter ended March 2023, as against Rs 4,195.69 crore during the same quarter last year. ITC shares have jumped 21% in the past 6 months and over 50% in the last one year.
09:37 (IST) 19 May 2023
Bank Nifty gains 120 pts; check top gainers/losers
Bank Nifty rose 124.85 points or 0.29 % to 43,877.15. The top gainers were the State Bank of India (SBIN), Punjab National Bank (PNB), Axis Bank
09:33 (IST) 19 May 2023
Zydus Lifesciences share price gains over half a percent
Zydus Lifesciences share price rose 0.54% to Rs 510 today despite the pharma major reporting a 25.36% decline in consolidated net profit at Rs 296.6 crore for Q4FY23 as it was impacted by the impairment of goodwill of a wholly-owned subsidiary. The company posted a consolidated net profit of Rs 397.4 crore in Q4FY22.
09:31 (IST) 19 May 2023
PNB Housing Finance share price falls nearly 2%
PNB Housing Finance share price plunged 1.61% to Rs 472.6 today after the company reported an almost 65% jump in its fourth-quarter profit, led by increased demand for housing loans.
09:29 (IST) 19 May 2023
Gail share price tanks nearly 2%
Gail share price tanked 1.69% to Rs 104.45 today after the company posted a profit fall of 81.5% on-year, to Rs 642.74 crore in the fiscal fourth quarter of FY23 against Rs 3473.77 crore in the corresponding quarter in FY22. The company had posted a 90% on-year decline in profit for the December quarter to Rs 397.59 crore, owing to losses in the petrochemical and gas marketing business.
09:25 (IST) 19 May 2023
SBI share price jumps over 1%
India’s largest bank SBI share price soars 1.3% to Rs 582.7 per share as State Bank of India reported an 89.4% surge in its consolidated net profit for the quarter ended March 2023. The bank’s consolidated net profit clocked in at Rs 18,094 crore, while its income from interest rose 31.4% in the same period.
09:21 (IST) 19 May 2023
Bank Nifty below 43900; Nifty IT up 150 pts
In sectoral indices, Bank Nifty climbed 142.95 points or 0.33% to 43,895.25 and Nifty IT rose 158 points or 0.57% to 28,050.55.
09:19 (IST) 19 May 2023
Nifty, Sensex open in green
The NSE Nifty 50 jumped 46.80 points or 0.26% to 18,176.75 and BSE Sensex rose 102.21 points or 0.17% to 61,533.95.
08:53 (IST) 19 May 2023
Bank Nifty resistance at 43850, 44000 and 44200
“Bank Nifty is seen to be trading with a sideways to negative trend from the last three days and closed flat but the undertone remains bullish as long as it holds the levels of 43500 as put writers are fiercely active on 43500 and 43000 and call writers are active on 43800 and 44000. Technical indicator RSI is at around 64 and is showing strength by sustaining above 50 levels. Support placed at 43700, 43500 and 43000 while resistance at 43850, 44000 and 44200,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.
08:53 (IST) 19 May 2023
Bank Nifty expected to trade in 43500-44100 range
“Nifty Bank became vulnerable once SBI announced its quarterly numbers which augmented the pressure. However, Bank Nifty continues to trade above its 10DEMA implying fresh downside is expected to be seen once it closes below 43500 levels. Till then it is expected to trade in the 43500-44100 range,” said Gaurav Bissa, VP – InCred Equities.
08:53 (IST) 19 May 2023
Bank Nifty first support at 43661 and then 43514
Bank Nifty is expected to change gears above 44080 while 43450 is crucial support for bulls. First support at 43661 and then 43514 while resistance at 44006 and then 44205, according to Rahul Sharma, JM Financial.
08:53 (IST) 19 May 2023
Nifty could retest level of 18280-18300
“Nifty has formed a lower top formation on intraday charts and has also formed a bearish candle on daily charts which is broadly negative. The market texture is weak and the 20-day SMA (Simple Moving Average) or 18050 would be the immediate support zone for the bulls. On the other hand, 18200 could act as an immediate resistance zone for the traders, above which the index could retest the level of 18280-18300,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
08:52 (IST) 19 May 2023
Nifty range of consolidation is 18400–18000
“Going ahead 18300–18350 shall act as a stiff resistance. On the way down the Nifty is approaching the crucial support of 18079 which coincides with the 20-day moving average and below that lies the psychological support level of 18000. The daily momentum indicator has a negative crossover which is a sell signal. Thus, considering the above we have changed our outlook to sideways and the range of consolidation is 18400–18000,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
08:52 (IST) 19 May 2023
Nifty key resistance levels to consider are 18350
“In the NSE Nifty 50 index, the crucial levels to monitor closely are 18,100 and 18,000, as they hold significant importance. On the upside, the key resistance levels to consider are 18,350. Presently, Nifty is facing selling pressure, leading to profit booking. Traders should exercise caution while initiating substantial long positions as the current market indicators lack clarity and strength,” said Ameya Ranadive, Equity Research Analyst at Choice Broking.
08:52 (IST) 19 May 2023
Nifty support at 18100 and then 17950
“Volatility was at its best as Nifty swung wildly during the day with no rise in IVs or India VIX. Nifty held on to the support of 18100. Expect Nifty to bounce back if 18100 support is not broken. Buy on dip around 18000. Nifty first support at 18100 and then 17950 while resistance at 18200 and then 18300,” according to Rahul Sharma, JM Financial.
08:50 (IST) 19 May 2023
L&TFH, PNB, LICHF and others under F&O ban today
The National Stock Exchange has Delta Corp, Balrampur Chini Mills, Mannappuram Finance, GNFC, Punjab National Bank, Aditya Birla Fashion and Retail, L&T Finance Holdings, and LIC Housing Finance securities on its F&O ban list for 19 May. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
08:13 (IST) 19 May 2023
Asian markets trade mixed
Asian markets were trading mixed – Hong Kong’s Hang Seng tanked 1.31%, China’s Shanghai Composite index plunged 0.65%, South Korea’s KOSPI climbed 0.48% and Japan’s Nikkei 225 jumped 1%.
08:12 (IST) 19 May 2023
SGX Nifty trades marginally in green
The Nifty futures on the Singapore Exchange (SGX) were trading 18 points or 0.10% higher at 18,196.5 in today’s early morning trade.
