Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 15 September, 2023

The stock price of Mazagon Dock Shipbuilders surged over 6% to 2,231.95 during the intraday trade on Friday.

Benchmark indices hit new all-time highs during the early trade on Friday. The Nifty 50 hit a new all-time high of 20,173.15, while the BSE Sensex also joined the rally and hit a fresh all-time high of 67,774.46.

“Positive opening could be seen in local indices owing to optimism across the global equities, as fear of recession appears bleak after the recent policy measures by central banks across key economies. However, intra-day volatility will continue given the uncertainty around global markets. As long as the Nifty is trading above 20,000, the bullish sentiment is likely to continue, with a potential rally till 20,200-20,250-20,300,” Shrikant Chouhan, Head of Research (Retail), Kotak Securities.

On intraday charts, the market is holding a higher bottom formation which indicates that the uptrend wave is likely to continue in the near future. As long as the Nifty is trading above the 20,000 mark the positive sentiment is likely to continue till 20,180-20,225 levels. On the flip side, below 20,000, the selling pressure could accelerate and drag the index up to 19,920 – 19,900,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.