Share Market Highlights​: Sensex, Nifty end in green; Eicher, M&M top blue-chip gainers

Share Market Highlights: The Indian market's tone was negative in the first hour however buying in index majors, especially from banking, financial, and auto space helped the index to trim losses. Catch minute-by-minute updates on the Indian share market, LIVE market analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more only on Zeebiz.com's blog.
Share Market Highlights​: Sensex, Nifty end in green; Eicher, M&M top blue-chip gainers
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Share Market Highlights: The Indian equity markets remained volatile for yet another session and ended marginally higher on Friday. The tone was negative in the first hour however buying in index majors, especially from banking, financial, and auto space helped the index to trim losses.

The benchmark indices – NSE Nifty50 and BSE Sensex settled at 18,314.80 and 62,027.90 levels, respectively. Meanwhile, the profit taking in broader indices resulted in negative market breadth.

“We expect further consolidation in the index citing mixed signals from the global front. However, there will be no shortage of trading opportunities, thanks to the prevailing earnings season, Ajit Mishra, VP - Technical Research, Religare Broking said in his post market comment.

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The market analyst advised that traders should plan their positions accordingly, with a focus on risk management.

Catch minute-by-minute updates on the Indian share market, LIVE market analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more only on Zeebiz.com's blog.

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12 May 2023, 3:38 PM (IST)

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12 May 2023, 2:00 PM (IST)

Volume Buzzers

Stocks such as Intellect Design, Eureka Forbes, Bikaji Foods, Zensar Technologies, and Eicher Motors among others were the volume buzzers during Friday's session.

12 May 2023, 1:47 PM (IST)

Sensex, Nifty turn green

 As Friday's session progressed, the Indian benchmark indices such as BSE Sensex gained more than 100 points to 62,010.65 level and NSE Nifty50 surged around 22 points to reclaim the 18,300 mark.

 

12 May 2023, 12:19 PM (IST)

Market Update: Sensex, Nifty trade near flatline

12 May 2023, 12:05 PM (IST)

12 May 2023, 11:45 AM (IST)

Top gainers, losers

Stocks such as Intellect Design, Zensar Tech, and Global Health surged up to 10 per cent, while Adani Total Gas, Rail Vikas Nigam, and Adani Transmission, were among the top laggards as they fell up to 5 per cent in an otherwise volatile session today.

12 May 2023, 11:04 AM (IST)

Tata Motors shares in demand ahead of Q4 results today

Tata Motors share price extended its rally for the fifth straight session and the stock hit a 52-week high of Rs 520.4 per share for the fourth straight session on Friday. This is mainly on the expectations of better March quarter results, which are scheduled to be announced today. Read More

Tata Motors' stock price rose more than 1.5 per cent on the BSE. It opened at Rs 514 per share.

 

 

12 May 2023, 10:43 AM (IST)

Siemens shares rise after Q4 earnings

In an otherwise weak market, Siemens shares surged around 1.5 per cent higher during Friday's session, a day after the technology major reported strong results. The stock opened at the day's high of Rs 3856.90 apiece on the BSE. Read More

 

12 May 2023, 10:18 AM (IST)

Auto stocks rally

Four out of five top gainers on Nifty50 are Automobile stocks such as Eicher Motors, Bajaj Auto, Tata Motors and Hero Moto Corp.

Street likes Eicher shares today on the back of robust Q4 earnings and Tata Motors stock was in demand mainly on expectations of good March quarter results today.

12 May 2023, 9:57 AM (IST)

Nifty Technical Outlook

Profit booking can be witnessed at 18,500-18,700 levels. Any pullback in the upcoming days around the level of 18200-18300 should be seen as a buying opportunity. We can witness a further upsurge towards 18800 and then 19,000 once the market breaches 18,500-18,700 levels. On the downside, a sustainable fall below 18200 will take such a decline towards 18,000-17,800 which if broken decisively will extend downwards till 17,600.

     - Arvinder Singh Nanda, Senior Vice President of Master Capital Services

12 May 2023, 9:50 AM (IST)

Eicher Motors stock zooms on robust Q4

Shares of Eicher Motors - Royal Enfield maker - zoomed more than 7 per cent to Rs 3647.20 per share during Friday's session on the BSE.

The stock spurted a day after the auto major announced robust March quarter results. Most brokerages raised the target price on the stock.

12 May 2023, 9:19 AM (IST)

Opening Bell: Nifty, Sensex in red

 

12 May 2023, 9:07 AM (IST)

12 May 2023, 8:46 AM (IST)

12 May 2023, 8:14 AM (IST)

12 May 2023, 8:01 AM (IST)

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