Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began trading in the green on Thursday morning.
“We expect the Nifty to maintain its northbound journey and gradually head towards our earmarked target of 16200-16400 range, led by IT, BFSI, auto and infra,” analysts at ICICI Direct said in a note.
The announcement further strengthens the entity’s commitment towards mitigating environmental impact across project lifecycles, in sync with the mission of RE100, which is to accelerate change towards zero-carbon grids at scale.
“We like Sona Comstar given its presence in fast-growing global EV market, diversified portfolio across categories and robust financials.
Now, it has to hold above 15700 zones to witness an up move towards 15800 and 15900 zones while on the downside support can be seen at 15600 and 15550 zones.
Security personnel at the Brians 2 prison in northeast Spain tried but failed to revive him, the Associated Press reported, citing a statement from the region’s government.
For a major part of the day , the Bank Nifty remained under pressure due to selling in select private banks along with midcap banks.
“Expiry is likely to be in the range of 15,700-15,750 zone with huge writing seen at 15,800 strike.
In India even though unemployment is high and consequently aggregate demand is a concern, the organised sector is doing well supported by market share gain at the expense of the unorganised sector, lower corporate tax, cost-cutting and lower interest cost.
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices fell in India on Thursday, on the back of rates in the international market where stronger dollar dented yellow metal’s appeal.
Shares of the debutant company began trading at Rs 380 per share on NSE, up Rs 76 or 24.18% from the issue price of Rs 306 apiece.
Sona Comstar entered the market earlier this month to raise Rs 5,550 crore through a mix of fresh issuance of equity shares and offer for sale by existing shareholders.
F&O expiry, RIL AGM, along with COVID-19 vaccination pace, crude oil prices, rupee movement against US dollar and other global cues will set the tone for domestic markets today.
Investors would continue to track global Central Banks and RBI’s steps as the signs of rising inflation leads to fear of a sooner-than-expected tightening in global monetary policies especially post US Fed’s hawkish policy statement.
“Barring a severe third wave , the pace of economic recovery would be more dependent on demand,” said Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stockbroker.
The Nifty has also recently made higher bottoms at 14,591, 14,884 and 15,374 and continues to trade above the 20 and 50 day SMA, which gives further evidence of an uptrend.
The oil-to-telecom conglomerate had an eventful 2020-21 with international investors lining up to get a stake in Mukesh Ambani’s retail and digital units.