Share Market News Today, Nifty & Bank Nifty closed in red, midcap and smallcap outperformed 

 

Indian share market news today: The Indian share market opened in the green zone today while following the Asian peers. The markets traded positively in the first half as the hopes of a coronavirus vaccine rekindled after Astra Zeneca resumed its phase-3 trial on 13th September. 

The markets erased all its early gains in the second half. The Bank Nifty also erased all its gains after an hour of trading in the morning and closed in the deep red. In the end, the benchmark indices closed in the red today.

 

News that influenced Share Market today

 

The market sentiments were positive in the morning as Chief Economic Adviser K V Subramanian exuded confidence that retail inflation will come down in the days ahead with the easing of lockdowns, attributing the rise in inflation to supply-side frictions.

However, market participants overlooked CARE Ratings report that India’s GDP is likely to see a sharper contraction of 8-8.2% in the current financial year ( FY21) under the assumption of there being no fiscal stimulus from the government. The WPI numbers released during the market came at 0.16% as against -0.58% on the MOM basis.

On the global front, most of the Asian markets closed in the green as the sentiment was positive due to Astra Zeneca has resumed the late-stage trial yesterday. The Europen markets are trading flat at this moment. The US markets Dow and Nasdaq futures are trading higher at 4 PM IST.

 

Share Market updates today

 

At the close, the Nifty declined 24.40 points or 0.21% and at 11440.05 while Sensex was down by 97.92 points or 0.25% and at 38756.63 levels. The Bank Nifty erased all its early gains in the morning and closed in deep red. The Bank Nifty closed lower by 378.70 points or 1.68% and ended at 22101.25 levels.

The Nifty midcap and smallcap stocks made a superb rally today. The Nifty midcap 100 index gained 440.70 points or 2.63% and at 17206.50. The smallcap index gained 307.60 points or 5.44% and closed at 5957.75 levels.

The top five gainers in the Nifty index for the day are HCL Tech, TCS, Wipro, Infosys, and UPL. The losers in the Nifty index are Bharti Airtel, Bajaj Finance, BPCL, Power Grid Corp, and SBI. The most active stocks for the day in NSE were Reliance, HCL Tech, and Bhati Airtel.

On a sectoral front, IT & software gained more than 5% today followed by Manufacturing, Real Estate, Consumer Durables, Capital Goods, and Automobiles. On the losing side Banking & Finance, Telecom, Oil & Gas, Metals, Insurance, and FMCG sectors closed in the red today.

 

Nifty and Bank Nifty share price in futures today

 

The Nifty futures opened at 11518.55, and it made a positive opening of 51.45 points today. It has touched an intraday high at 11568.95 and a day’s low at 11395

The Nifty futures has given a movement of 173.95 points. In the end, it declined 33.2 points or 0.29% and closed at 11433.90 levels.

The NSE banking index Bank Nifty futures opened at 22664.35. It was made a positive opening of 125.4 points today. It has touched an intraday high at 22820.50 and a day’s low at 22105

During the day, the Bank Nifty futures has given a movement of 715.50 points. In the end, it declined by 384.85 points or 1.71% and closed at 22154.10 levels

 

Share Market tomorrow- Nifty, Bank Nifty futures prediction for 15th Sept ( Sept Expiry)

 

 

Nifty prediction tomorrow in futures, 15th Sept 2020

Primary Nifty Trend in futures: Mild Negative

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11530 whereas All Down Moves Initiates Short Covering (Buy) @ 11350

If Nifty share price in futures Moves Above 11474 and sustain. Then you should Buy with 1st Target of 11504 during the day with a Stop Loss of 11404. FOR the Target of 11504- 11532- 11578

If Nifty share price in futures Moves Below 11404 and sustain. Then you should Sell with 1st Target of 11374 during the day with a Stop Loss of 11474. FOR the Target of 11374- 11348- 11326

 

 

NSE Bank Nifty prediction tomorrow in futures, 15th Sept  2020

Primary Trend of Bank Nifty Futures: Mild Negative

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 22500, whereas All Down Moves Initiates Short  Covering (Buy) @ 21800

If the Bank Nifty share price in futures Moves Above 22350 and sustain. Then you should Buy with 1st Target of 22480 during the day with a Stop Loss of  22000. FOR the Target of 22480 – 22620- 22780

If the Bank Nifty share price in futures Moves Below 22000 and sustained. Then you should Sell with 1st Target of 21920 during the day with a Stop Loss of 22350. FOR the Target of 21920 – 21780- 21650

 

Conclusions:

The benchmark indices erased all morning gain in the afternoon and closed marginally lower today. IT sectors made a superb rally closed above 5% today. The Nifty midcap and small also closed higher and outperformed the benchmark indices.

The share market mood was positive today morning after the news of Astra Zeneca has resumed the vaccine trial yesterday. But the traders were cautious ahead of CPI data after getting the increased Wholesale (WPI) inflation data during the market. The share market tomorrow will react to the retail inflation data which is due later in the evening today. 

You can also follow our Daily Stock/Share Market live updates to know the Market Opening views.

Traders can also follow our Nifty and Bank Nifty prediction tomorrow in futures i.e for 15th Sept. 

You can check out the latest charting platform for your strategy here

 

Also read, Best Stock Market Books to Make Money

                6 factors that will decide share market trend next week

 

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