stock market today live | Sensex, Nifty, BSE, NSE, Share Price, Share Market News Update Wednesday 15 March

10:30 (IST) 15 March 2023

All the sectoral indices are trading in the green.

All the sectoral indices were trading in the green. Bank Nifty rose 0.73%, PSU Bank 0.51%, Nifty IT 0.33%, Nifty Pharma 0.59%, Nifty FMCG 0.16% and Nifty Auto 0.49%.

10:30 (IST) 15 March 2023

Shares of PNC Infratech rose by more than 2 percent

Shares of PNC Infratech rose 2.30% to Rs 291.30 after the company emerged as the lowest bidder for construction of 35.2 km-long 6-lane greenfield Varanasi-Ranchi-Kolkata highway at a cost of Rs 1260 crore .

10:29 (IST) March 15, 2023

Cipla shares rose by more than one percent

Cipla shares rose over 1% to Rs 881.40 after the company informed the stock exchanges that 51.18% stake in Cipla’s subsidiary Cipla Quality Chemical Industries will be sold to UK and Meditab Holdings. After the sale, the firm will cease to be a subsidiary of Cipla.

09:42 (IST) 15 March 2023

Bank Nifty Resistance at 39900-40100

“Bank Nifty has support in the range of 38800-39000, while resistance lies in the range of 39900-40100,” said Deven Mehta, Equity Research Analyst, Choice Broking.

09:42 (IST) 15 March 2023

If bank nifty sustains at 39400 then may see some pullback rally towards 40000

“Bank Nifty continued to face selling pressure from higher levels and tested 39500-39400 support area. The index has formed a Doji candle on the daily chart which indicates indecision among the participants. The index, if it manages to sustain 39,400 levels, may witness some pullback rally towards 40000,” said Kunal Shah, senior technical analyst at LKP Securities.

09:42 (IST) 15 March 2023

Bank Nifty may slide towards 38500 if 39100 is rejected

“Bank Nifty closed below 39600 levels but held above the previous lower support of 39400 levels, which will help the index pull back recent losses in the near term. However, if 39100 is rejected, it may slide towards 38500 levels.

09:41 (IST) 15 March 2023

Bank Nifty has got support first at 39352 and then at 39016.

“Bank Nifty has first support at 39352 and then 39016 with resistance at 39987 and 40286,” said Rahul Sharma of JM Financial.

09:41 (IST) 15 March 2023

Strong demand is expected in Nifty near 17000-16900

“The market has entered below the oversold zone, and any respite on the global front could accelerate the momentum on the higher side. As far as levels are concerned, 17200 is likely to be seen as an immediate resistance, followed by a strong hurdle of 200 SMA, placed around 17400-17450 inverse zone in comparable periods. On the downside, strong demand is expected near 17000-16900 odd levels said Osho Krishna, Senior Analyst – Technical & Derivatives Research, Angel One Ltd.

09:41 (IST) 15 March 2023

Nifty: ‘Sell on Rise’ around 17150-17200 zone

“There is a negative crossover in the Momentum indicator which is a sell signal and the price trading with rising lower Bollinger Band suggests that the downtrend is likely to continue. Preferred strategy to trade Nifty is Sell on the rise around 17150-17200 zone On the downside, we expect Nifty to target 16950 levels where the lower end of the downward-sloping channel is placed. On the upside, 17380 – 17400 where the 40-hour moving average is placed, from a short-term perspective Should act as an immediate barrier zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

09:41 (IST) 15 March 2023

Strong support for Nifty around 16700-16800 zone

“Volume profile indicates that Nifty has strong support around 16700-16800 zone. Coming to OI data, on call side, highest OI was seen at 17200 followed by 17400 strike price while on put side, highest OI is at 17000 strike price,” said Deven Mehta, Equity Research Analyst at Choice Broking.

09:41 (IST) 15 March 2023

Investors can create long positions between 16800-17000

“Nifty may take support between 17000 and 16800 levels. On the upside, 17150 and 17250 should act as resistance areas in the near term. The ideal strategy should be to create positional long trades between 17000 to 16800 levels,” said Shrikant Chauhan, head of equity research (retail), Kotak Securities Ltd.

09:40 (IST) 15 March 2023

Nifty breaking below 16950 may lead to further downside

“Since last four days, Nifty is pricing in US banking crisis and imminent rate hike of 25-50 basis points. Going forward, 16950 will act as an important support for the index. Only a break below 16950 can trigger further correction. On the higher end, resistance is visible at 17150-17200,” said Rupak Dey, senior technical analyst at LKP Securities.

09:40 (IST) 15 March 2023

Nifty got support first at 17048 and then at 16956.

Rahul Sharma of JM Financial said, “Nifty has first support at 17048 and then 16956 and resistance at 17255 and 17370.”

09:34 (IST) 15 March 2023

Nifty’s inability to float above 17185 will indicate continuation of downtrend

“The halting of the fall in the closing hours after the objective of 17000 was fully achieved gives hope towards the recovery push that we had prepared for tomorrow. Yet, signs of a one-sided rise are yet to be seen. We will try to make a direct move above 17240 to improve the conviction. Alternatively, inability to float above 17185 after initial positive momentum would indicate continuation of downside movement towards 16930-16800 zone,” said Anand James – Chief Market Strategist at Geojit Financial Services.

09:25 (IST) 15 March 2023

bank nifty cross 39900

Bank Nifty crossed 39900 level on Wednesday. The banking index was trading up 407.30 points, or 1.03%, at 39,818.70. IDFC First Bank, IndusInd Bank, Bandhan Bank, Kotak Bank and ICICI Bank were among the top gainers on the index, while there were no losers.

09:22 (IST) 15 March 2023

Nifty, Sensex open in green mark

The NSE Nifty 50 advanced 151.20 points, or 0.89%, to 17,194.50 and the BSE Sensex gained 495.06 points, or 0.86%, to 58,395.25.

09:16 (IST) 15 March 2023

Nifty, Sensex pre-open closed on green mark

The NSE Nifty 50 jumped 123.15 points, or 0.72%, to 17,166.45 in the pre-open. The BSE Sensex rose 368.35 points, or 0.64%, to 58,268.54.

09:14 (IST) 15 March 2023

SVB crisis to be shifted to back burner

“The US inflation print for February which came in at 6% year-on-year is a sign of deflation, but the decline is at a much slower pace than the Fed expects. So it would be realistic to expect a rate hike of 25 bps at the March 22 Fed meeting. This will prevent equity markets from rallying. The US bank crisis will remain on the back burner for now as news of the crisis fades away.

, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

09:13 (IST) 15 March 2023

Stock markets are expected to open in green

“Indian indices are expected to start the trading session on a strong note, with SGX indicating 80 points in the green. US and European markets recovered from lower levels as concerns over interest rate hikes and two US-based bank failures stabilized. The benchmark indices are likely to move higher in the next few days, however sell on the rise is suggested unless 17500 is taken out. 17000-16950 will be an important support zone. Besides, the market will react to early US unemployment claims and trade balance data on Thursday. We expect Metal and Banking stocks to be in command in today’s session.

Om Mehra, Equity Research Analyst, Choice Broking.

08:04 (IST) 15 March 2023

Asian markets are trading in the green

Asian markets were trading in the green with China’s Shanghai Composite index up 0.62%, Hong Kong’s Hang Seng up 2.49%, Japan’s Nikkei 225 up 0.25% and South Korea’s KOSPI up 1.82%.

08:04 (IST) 15 March 2023

sgx nifty is trading in green

Nifty futures on the Singapore Exchange (SGX) were trading 98 points or 0.58% higher at 17,210.00 in morning trade.

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