Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended over half a per cent down on Thursday, a day of weekly options expiry.
The five-time Ballon d’Or winner, also a well-known fitness enthusiast, removed the two bottles of Coca-Cola and instead placed a bottle of water in front during a pre-match press conference.
It is a time to assess if there is a shift in the short term trend from bullish to sideways or bearish.
If market closes below the levels of 15650, it might see a correction till the levels of 15470-15500.
Lockdowns imposed by the states in April and May to contain the second wave of the deadly COVID-19 pandemic has likely led to the economy contracting 12 per cent in the June quarter as against 23.9 per cent contraction in the same quarter in 2020, says a brokerage report.
Infosys share price surged over half a per cent to a new record high of Rs 1,492 apiece in intraday on BSE.
After getting off to a muted start, Dodla Dairy was now commanding a premium of Rs 75-85 per share, while KIMS was trading at a premium of Rs 60-67 per share.
The Rs 909-crore issue received bids for over 256.11 crore equity shares against an offer size of 2.1 crore equity shares.
The RBI has been explicitly emphasizing on a higher weightage to reviving sustained growth on a durable basis and continuing to mitigate the impact of COVID-19 on economy, while ensuring inflation remain within the target range.
Punjab National Bank, SBI Life Insurance Company, and Indus Towers were the three top large-cap buys by Mutual Funds in the month of May, data sourced by ICICI Direct showed.
A sharp recovery in US dollar followed by the US Federal Reserve’s decision to keep its rates near zero and projection for two rate hikes by the end of 2023, dampened the sentiment of gold.
The decision to keep rates unchanged at 0 to 0.25 levels, maintain asset purchases at $120 a month and declaration that monetary policy will continue to give powerful support to growth are supportive for markets.
RBI’s recent announcement regarding on-tap liquidity windows for banks worth Rs 500 billion to extend credit to health services and vaccine manufacturers until March 2022 will definitely compound the credit that is needed to contentedly magnify India’s healthcare infrastructure.
The public issue comprises fresh issue of shares worth Rs 100 crore and offer-for-sale of Rs 281.4 crore by promoter Anand Swarup Agarwal and Rs 418.6 crore by selling shareholders.
Bond yields rose and equities plummeted for a second day after Federal Reserve officials indicated that the stimulus that has propelled the recovery from the pandemic will be reduced.
Silver July futures tanked below Rs 71,000 per kg, and were ruling Rs 1,1175 or 1.64 per cent down at Rs 70,293 per kg.
The index opened with a gap down and is now struggling to keep above the 15700 level which is a crucial support for the Nifty.
Rakesh Jhunjhunwala-backed Nazara Technologies announced that it has signed a binding term sheet to acquire a majority stake in Arrakis Tanitim Organizasyon Pazarlama San.
US stocks dropped after the Federal Reserve’s quarterly summary of economic projections showed some policymakers have moved up their timetable for interest rate hikes.
Onto that, recently released RBI’s monthly bulletin has confirmed that central bank is offloading their forwards, encashing into cash and buying in the spot market.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were left unchanged on Thursday by oil marketing companies.
KIMS IPO was off to a good start on the first day, with retail investors already oversubscribing their portion of the issue and total subscription at 0.27 times.
On the weekly options expiry day, the expected wider trading range for NSE Nifty 50 index is 15,600-15,900; while 35,000 might act as a pivotal level for Bank Nifty.
In overnight trade on Wall Street, the three main US stock indices closed down.
On Thursday, ahead of the weekly expiry session, SGX Nifty was trading nearly 100 points lower, hinting at a weak start for domestic equities.