Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 erased day’s losses on the last day of the week.
“The company proposes to create, offer, issue and allot fresh equity shares of the company of face value of Re 1, each of the company up to an aggregate of Rs 12,000 crore,” it said.
In an exclusive conversation with the Financial Express Online Anish Bafna, MD & CEO, The Healthium Group talked about how Healthium Group led the business continuity and responsiveness during the pandemic, given Healthium’s position as a leading medical devices manufacturer in India and other 70 geographies.
These banks have also beefed up their balance sheets by raising capital during the pandemic and emerged stronger in FY21 with the solid performance on PPOP/earnings and asset quality.
In Q4FY21, peers MGL and GGL have beaten expectations in CNG and guiding on a quick recovery ahead.
The market opened with a small gain but soon lost all the gains and breached the important support level of 15650 which led the market to slip further and took support near the level of 15480-15500.
In the grey market on Friday, Sona Comstar shares were seen trading at Rs 294.5 apiece, implying a premium of 1.2 per cent Rs 3.5 per cent over the IPO price of Rs 291, according to the people who deal in shares of unlisted companies.
Seeing the high valuations, CLSA has initiated coverage of Nazara Technologies with a ‘Sell’ rating, expecting as much as 27% downside from current levels.
The BFSI sector enjoys the highest weights in the Indian equity market indices.
Seeing the premium valuations, brokerage and research firm Nazara Technologies has initiated the coverage of the stock with a ‘Sell’ rating, expecting as much as 27% downside from current levels.
However, rising commodity prices, tapering of lockdown stringency, and anticipated ramp-up in vaccination in the coming months would push FY22 current account towards a deficit of USD 30 bn.
India Pesticides’ Rs 800-crore IPO, which will open for subscription on June 23, has fixed its price band at Rs 290-296 per share of the face value of Re 1, each.
Rising inflation which could temporarily end the low-interest rate regime along with much-needed technical correction have led to a good fall in both Nifty & Nifty Bank.
NIFTY can test the 15400-15450 zone, which would mean a full throwback as that would take NIFTY to the point from where it broke out.
“15720 – 15800 is to be seen as strong resistance zone; whereas on the lower side, a move below 15600 opens up the downside towards the next important support zone of 15450 – 15350.
With valuations playing catch-up, disinvestment taking shape, and operation performance improving, brokerage and research firm JM Financial expects select PSU stocks to re-rate and provide investors with lucrative investment opportunities.
The markets tried keeping above the 15700 level but failed to do so which goes to prove that this zone which was a good support is now a resistance for the Nifty.
On Multi Commodity Exchange, gold August futures were trading Rs 153 or 0.33 per cent up at Rs 47,111 per 10 gram.
A surprisingly hawkish tone from the Fed and with Jerome Powell also noting that the discussion about scaling back bond purchases will likely start soon helped the dollar to scale up to multi months high of 91.85 levels creating havoc in the Emerging market currencies.
INR leads the EM Asia FX pack in losses on Thursday as the markets digest the hawkish FOMC with the median dot chart now indicating two rate hikes in 2023.
The RBI’s measures to keep the interest cost low through G-Sap, OMOs and other liquidity boosting measures to incentivise Covid-19-battered sectors further augment liquidity, with a substantial increase in money supply.
Domestic gold and silver prices could start marginally higher on Friday morning, tracking overseas prices, but upside will be capped.