Sensex share price

Nifty today formed a bullish candle with a longer lower shadow on the daily charts, which indicates support based buying at lower levels but the trend is ...

The broader NSE Nifty fell 287.60 points or 1.61 per cent to end at a three-month low of 17,604.35, also marking its worst single-day fall since December 23, 2022. While cooling inflation in key economies is a positive sign, any excessive upside is likely to be capped and volatility could be the hallmark in the near term. Vedanta on Friday reported a 42% year-on-year (YoY) decline in its consolidated net profit to Rs 3092 crore for the quarter ended December 31, 2022. But, unless we see a push above 17820, expect 17290, the 200DMA to attract prices lower, with intermediate support seen at 17450. Talks are at an advanced stage and formal announcements by the company boards will be made in the coming weeks, they added. Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. There has been overall development in the capital market like the stock exchanges moving to T+1 settlement, SEBI introducing information databases and repositories on Municipal Bonds. Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 3%, but was off initial gains of as much as 10% and significantly below the offer price. Shares of Data Patterns rise as much as 18.53% to Rs 1,379, their biggest intraday gain ever. If the index can hold the 39800 support level, we could see a pullback rally to the 41000-41500 levels. The New Delhi-based non-banking financial company's profit rose to Rs 2915 crore in the three months ended Dec. Now, till it holds below 17777 zones, a bounce could be sold for the downside move towards 17500, then 17350 zones whereas hurdles are placed at 17777 and 17850 zones, said Chandan Taparia of Motilal Oswal.