Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended over a half a per cent up on weekly options expiry on Thursday.
A smart recovery in the last hour of trade, primarily driven by buying in metal and pharma stocks, helped BSE Sensex and Nifty 50 to end near day’s high on weekly expiry day.
The index has formed a good base near 14460-14350 zone if managed to sustain the above-said levels we may see a northward move towards 14700-14800 zone which is an immediate and strong hurdle on the higher side.
Auto Stocks were worst hit today mainly due to wider economic restrictions imposed in Maharashtra, which contributes over 20% of the production of the automobile of the country.
The short-term technical condition of the market shows that the expected range of the market is likely to range between 14300 and 14800.
We decipher these through our various frameworks which suggest the current underlying landscape is one of rising price pressures from goods and, more recently, from services but these still seem quite concentrated .
Knight Frank India in its latest research report, ‘Investments in Real Estate – Trends in PE Investment period.
WPI inflation is likely to remain elevated on the back of elevated global commodity prices and a negative base-effect for the next couple of months.
Procurement from MSEs during FY21 stood at 31.25 per cent up from 30.17 per cent in FY20, and 26.32 per cent in FY19.
Infosys expects headwinds from salary increase , ramp-up of large deals and select costs, like travel, coming back in H2FY22.
The tale of fraudsters on Wall Street, or any other stock market across the globe, is usually led by a promise that is too good to be true.
Alkem is the seventh-largest branded pharma company in India and among the leaders in its major therapy areas—anti-infectives, gastro-intestinal by successfully tapping into the largest sub-therapy area, i.e.
Adverse base effects and strong sequential momentum drove WPI inflation higher, with sharp m/m price gains continuing in the fuel and manufacturing segments, which could become a cause for concern.
Notwithstanding some adverse impact on economic activities for one or two months, a sharp pickup in capital expenditures in current fiscal is still on the cards.
Further, current level of mobility restrictions imposed at different states and the government’s focus to improve supply of vaccine in the country should be helpful to control outbreak in coming weeks and essentially should not lead to large economic damage.
Jhunjhunwala has slashed his stake to 3.52 crore shares or 3.97 per cent stake, at the end of March quarter, from 3.75 crore shares or 4.23 per cent stake in Titan Company in December quarter, according to the shareholding pattern of the public shareholders.
HCL Tech is amongst the top four It services companies based out of India and provides a vast gamut of services like ADM, Enterprise solutions, Infrastructure management services etc.
Bhati Airtel has said that it aims to unlock value for shareholders through the move and investors are watching how the new structure will help the company grow its digital assets and pave way for possible future monetisation.
So we don’t expect a very big 2nd wave covid stimulus package from the Finance Minister this time along with this we suggest retail investors to be cautious on the market.
“From a historical perspective, earnings are expected to exceed consensus estimates, following a similar pattern to that set after the Great Financial Crisis,” Krishna Gandikota, Investment Strategy Analyst at Wells Fargo, wrote.
Also, economists have cut their forecast for the current quarter growth amid restrictions to contain the coronavirus which has created worries in the minds of investors.
Orders and the pipeline continue to be healthy due to pro-growth government policies with higher capex allocation in the Union budget, followed by the PLI scheme to boost domestic manufacturing.
Infosys share price tumbled as much as 5.6 per cent intraday to Rs 1,320.35 apiece on BSE on Thursday, a day after IT giant posted 17 per cent on-year rise in net profit in the January-March quarter.
More recently with the start of the second wave, the stock is up 38% since mid Mar 2021 against a Nifty return of -4% over the period.
On MCX, gold June futures were trading Rs 155 or 0.33 per cent up at Rs 46,763 per 10 gram, against the previous close of Rs 46,608.
The market knows this, but what is unknown is how long will this last and how quickly we can get ahead of the infection cases.
Despite the dollar remaining on the back foot it did not help rupee much as domestically rising Covid numbers have raised concern over economic activity and growth.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were cut today after having remained unchanged for the last fifteen consecutive days.
Gold is struggling to sustain above $1750/oz amid mixed factors however rising virus cases and loose monetary policy stance may continue to support prices.