Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at fresh record high levels on Friday. BSE Sensex hit a historic high of 59,550, while Nifty 50 was approaching 17750. ITC, Bajaj Finance, Tata Consultancy Services (TCS), Bharti Airtel, SBI, Housing Development Finance Corporation (HDFC), Titan Company, RIL top Sensex gainers. Tata Steel and Dr Reddy’s Laboratories were the only losers on the index. Sectorally, barring Nifty Media and Nifty Metal, all the indices were trading in the positive territory. Bank Nifty surged to cross the crucial 38,000-mark.
Leading bourse BSE on Thursday saw the market valuation of all its listed companies soaring to USD 3.54 trillion, with its CEO Ashish Chauhan saying it could perhaps be the fifth highest in the world. Helped by a record rally in equities, the market capitalisation of BSE-listed companies reached its all-time peak of Rs 2,60,78,355.12 crore at close of trade on Thursday.
COMEX gold trades little changed near $1756/oz after a sharp 2.1% decline yesterday. Weighing on gold is upbeat US economic data which strengthened the case for Fed’s monetary tightening. However, supporting price is rising inflation concerns, persisting virus risks, concerns about the health of the Chinese economy and increased geopolitical tensions. ETF inflows also showed some buying interest at lower levels however the pace was modest. Gold’s sharp fall has dented market sentiment however we believe that market reaction to US data was exaggerated and price may stabilize near $1750/oz level. Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities
The Nifty has opened in fine fettle and has achieved the next target of 17750. A pause at the current levels cannot be ruled out. However, if we can sustain these levels, traders can accumulate long positions on intra day corrections for a new target of 17950. The markets have a good support at 17500. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
The tussle between ‘RBI/importers’ and ‘inflows’ continue further and hence Rupee could trade in the tight range of 73.30 to 73.80 over the short term and 73 to 74.20 over the medium term. The bias is likely to remain on the upside. Amit Pabari, managing director, CR Forex Advisors
Gold prices fell as much as $40 on Thursday after better-than-expected US retail sales. If we look at the economy as a whole, the retail sector plays an important part, a good indicator of economic strength. The retail sector due to Covid was fairly non-existent but now with a stronger retail sector could mean a more hawkish Federal Reserve down the road. Although we believe the retail figures will not impact the US Fed’s interest rate announcement next week as the Fed mainly looks at inflation and employment figures.
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Poonawalla Fincorp share price hit a 5% lower circuit yet again on Friday, following alleged insider trading case. Stock trades down at Rs 163.55 apiece
Crucial support for Nifty 50 is at 17,550 while it may face some resistance at 17,850 levels. Mohit Nigam, Head – PMS, Hem Securities
Sectorally, barring Nifty Media and Nifty Metal, all the indices were trading in the positive territory. Bank Nifty surged to cross the crucial 38,000-mark
Tata Steel and Dr Reddy’s Laboratories were the only losers on the index
ITC, Bajaj Finance, Tata Consultancy Services (TCS), Bharti Airtel, SBI, Housing Development Finance Corporation (HDFC), Titan Company, RIL top Sensex gainers
BSE Sensex was up 338 points or 0.57 per cent to hit a fresh record high of 59,527, while Nifty 50 crossed 17700 on Friday
BSE Sensex was up 269 points or 0.45 per cent to hit a fresh record high of 59,410, while Nifty 50 hit 17700 in pre-opening session on Friday
One can still continue with a stock-centric approach by following strict stop losses; because they are still providing better trading opportunities. Now as far as immediate levels are concerned, 17500 – 17450 – 17350 are to be seen as key supports. Since we are trading in uncharted territory, it’s difficult to project the upside levels and hence, just for understanding, every 100 points psychological level can be considered crucial points.
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Nifty futures were trading half a per cent or 88 points higher at 17693.50 on Singaporean Exchange, suggesting a record high opening for BSE Sensex and Nifty 50. In today’s session, Nifty may test 17700 levels. Analysts say that the market might be volatile on account of fragile global cues, worry over slower economic growth, and rising Delta variant cases globally. “Investors are cautious ahead of next week’s Federal Reserve meeting, awaiting indications on when the central bank will start withdrawing its monetary stimulus and start raising interest rates eventually. Valuations too are rich and hence could lead to bouts of profit booking,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. said.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of petrol and diesel were left unchanged for the twelfth consecutive day on Friday by oil marketing companies. Petrol in the national capital today costs Rs 101.19 per litre, while diesel in the capital city is retailing at Rs 88.62 per litre. The previous cut in Petrol and diesel prices came on September 5 when prices were reduced by 15 paise. So far this month, prices have been decreased twice, trimming the rate by 30 paise. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
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Domestic benchmark indices soared higher on Thursday, setting fresh all-time highs. Broader markets followed and most sectoral indices closed with gains except Nifty Media, Nifty Metal and Nifty IT. S&P BSE Sensex is currently placed at 59,141 while the NSE Nifty 50 is at 17,629. Bank Nifty sky-rocketed 2.22% on Thursday, hitting a fresh all-time high. Entering the last trading session of the week, SGX Nifty was up 80 points hinting at a positive start for domestic equities. Global cues were, however, mixed with Wall Street indices closing in opposite directions while Asian stock markets climbed higher.
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In overnight trade on Wall Street, US stocks settled in red. The S&P 500 index fell 6.95 points to 4,473.75, the Dow dropped 63.07 points to 34,751.32, while the Nasdaq added 20.39 points to 15,181.92.
Asian stock markets were trading mixed. The benchmark Hang Seng index in Hong Kong slipped 0.93 per cent. Japan’s Nikkei climbed 0.34 per cent while the Topix index traded 0.13 per cent higher.
