Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in the green on Thursday, a day of F&O July contracts expiry. BSE Sensex was hovering around 52,600, while the Nifty 50 index crossed 15,750. HCL Tech, Tech Mahindra, Titan Company, Mahindra & Mahindra, Asian Paints, State Bank of India (SBI) were top BSE Sensex gainers. Maruti Suzuki, Bajaj-Auto, Housing Development Finance Corporation (HDFC), Dr Reddy’s Laboratories, Nestle India were top index laggards. All the Nifty sectoral indices were trading in the green, led by Nifty PSU Bank and Nifty IT. Bank Nifty was up 0.41 per cent.
Tatva Chintan Pharma shares made a stellar debut on stock exchanges on Thursday, nearly doubling the IPO investors’ money on the listing. Tatva Chintan Pharma’s share price soared to trade at Rs 2,111 per share, up 95% from the IPO price of Rs 1,083 per share.
Indian markets traded with mixed cues from across the globe. India is expected to grow with 6.5 to 7 percent in the next financial year and more than 8 percent in the further years to follow. We witnessed a reversal in the market and a swift recovery from the support level near 15500. We expect the market to breach the level of 15800 and trade in a small range between 15800-15950 in this week. The global sentiment remains positive, and we can expect the market to reach the higher levels of 16100-16200 in the weeks to follow. Gaurav Garg, Head of Research, CapitalVia Global Research
Fintech startup Slice on Thursday said it has raised Rs 75.5 crore in debt in the first quarter of FY22 from multiple financial institutions. These institutions include Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India and Vivriti Capital among others, a statement said.
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Amid the short squeezes, the lawsuits, the vitriol and the battle for investing inclusivity, in Robinhood’s timely IPO we’re seeing the start of what’s set to become a financial class war between retail and Wall Street.
Despite no surprises, 10 ys UST slid further to 1.23% possibly hinting at stagflation risks or correcting Fed’s supposed mistake of being active on the idea of tapering. We maintain Treasuries appear dislocated from fundamentals. The Catalysts such as labor market tightening, higher supply or a renewed push for the bipartisan infrastructure package may be needed to push yields higher. We see UST yields at 1.65%+ by end-CY21 and still see steam in reflation trade/risk assets. Madhavi Arora, Lead Economist, Emkay Global Financial Services
– Fed officials unanimously agreed to hold policy steady at the July FOMC meeting as expected, while also announcing two standing repo facilities to address money market pressures.- Changes to the statement language skewed mildly hawkish, as the Committee indicated that the economy “has made progress” toward its goals to begin reducing asset purchases. But overall tone on path of rates remains pretty dovish.- That said, the statement noted that pandemic-impacted sectors still “have not fully recovered” and Chair Powell argued in questioning that the labor market remains “a ways away” from maximum employment. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Reliance Industries Ltd, Tata Steel, Infosys, Bajaj Finserv, HCL Tech top contributors to Sensex’ up move
Cognizant has reported 41.8 per cent increase in June quarter net income at USD 512 million (around Rs 3,801.7 crore), and said it expects to hire about one lakh people this year as the IT major looks to arrest high attrition rates in the company.
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Facebook Inc said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it reported strong ad sales.
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After Clean Science, Tatva Chintan Pharma Chem is the second company in the green chemical space to get list on the bourses. For some of its products it is the only manufacturer in India and among the largest globally. Its products have various applications in green chemistry, which is gaining prominence considering the growing focus on clean and sustainable technologies. Over FY18-21, Tatva Chintan’s Revenue/ PAT grew at 30%/62% CAGR, supported by margin expansion of almost 500 bps to 21.9%. Tatva Chintan is expected to do well due to its leadership position, wide product portfolio, strong client relationship and capacity expansion leading to strong growth ahead. Sneha Poddar, AVP – Research Analyst, Broking & Distribution, Motilal Oswal Financial Services
Windlas Biotech’s Rs 401.53-crore IPO will open for subscription on Wednesday, 4 August, at a price of Rs 448-460 per share of face value of Rs 5, each. The public issue will close on Friday, 6 August. This would be 31st IPO so far in the calendar 2021. The offer comprises fresh issue of shares worth Rs 165 crore and an offer-for-sale (OFS) of 51.42 lakh shares by existing selling shareholders. Promoter Vimla Windlass will sell 11.36 lakh equity shares, and investor Tano India Private Equity Fund II will offload its entire stake of 40.06 lakh shares (or 22 per cent of pre-offer paid up equity) through OFS route.
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NIFTY has the highest Call OI accumulation at 15800. So unlikely to move past that level unless there is a major tactical shift in the OI. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
Nifty 50 index surged to hit 15,800, led by rally in metal stocks. Nifty Metal index at new highs.
Tata Steel was the top BSE Sensex gainer, at this hour, followed by HCL Tech, Bajaj Finserv, Reliance Industries Ltd, Titan Company, Tech Mahindra
With the IPO momentum holding strong, calendar year 2021 is set to witness record fund raising through initial public offerings. As on date, India Inc has raised over Rs 42,000 crore though 28 IPOs in seven months till date. If the number of companies which have filed their issues with SEBI or have shown intent to list is any indication, this could easily cross Rs 1 lakh crore by December should the secondary market maintain its tempo.
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MCX gold opened at 47720, Feds powell says inflation rate is running well above to the target but labour market has to go long. Fed kept interest rate unchanged and take some time to analyse the progress of tappering bond purchases. In comex, Gold has sustaining above 1789$ while Silver is also holding its crucial support level of 2450 cents. If Gold and Silver continue sustain above their support level then a bounce in prices towards 1820$ and 26$ respectively are expected. In MCX, Gold has support at 47200-46300 and it has resistance at 48700-49600. Silver has support at 65400-64000 and resistance at 68200-71000. Abhishek Chauhan, Head Commodities and Currency, Swastika Investmart
A day after Flipkart, Amazon on Wednesday also moved the Supreme Court challenging the Karnataka High Court’s last week’s order allowing the Competition Commission of India (CCI) to continue its probe against it for alleged violations.
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We advise maintaining caution at current levels and suggest keeping a close watch on 15,450 in Nifty and 33,900 in banking index as critical support as the breakdown of these levels would induce further decline towards 15,200 in Nifty while the banking index may test 33,300-32,600 zone. Ajit Mishra, VP-Research, Religare Broking
Conversational messaging platform Gupshup has raised a fresh $240 million in funding from a clutch of investors, including Fidelity Management and Research Company, Tiger Global, Think Investments and Malabar Investments, the company said in a statement on Wednesday. The investment which comes less than four months after it secured $100 million from investors and is primarily a follow-on funding round also saw participation from Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers, White Oak, Neeraj Arora and others.
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After hiking post-paid tariffs at the upper end – corporate customers – last week, the country’s second-largest telecom operator, Bharti Airtel on Wednesday raised the bar for its entry-level pre-paid users. The company has scrapped the base level monthly pre-paid plan of Rs 49 and replaced it with a monthly plan of Rs 79 bundled with more data. Simply put, Bharti’s tariff plans now start at Rs 79 a month against the earlier Rs 49.
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The markets are trading around the midpoint of the current range which is between 15400-15900. The volumes are soft and the momentum is spiritless. Until we do not get past either of the two levels, the Nifty will not witness a significant move. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
Glenmark Life Sciences’ Rs 1,541-crore IPO (initial public offering) entered the final day of bidding today. The IPO has so far elicited a strong response from all pockets of investors despite the weak secondary market sentiment. A subsidiary of the publicly traded Glenmark Pharmaceuticals, the company is a developer and manufacturer of high value, non-commoditized APIs in chronic therapeutic areas with a strong partnership with global players.
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Tatva Chitan Pharma shares made a stellar debut on stock exchanges on Thursday, nearly doubling the IPO investors money on listing. Tatva Chintan Pharma’s share price soared to trade at Rs 2,111 per share, up 95% from the IPO price of Rs 1,083 per share. The stock had a market capitalization of Rs 4,680 crore on its stock market debut. Tatva IPO had received bids for 58.83 crore shares against 32.61 lakh shares on offer and saw a whopping 180.36 times subscription rate, making it the second-most subscribed public issue of the calendar year 2021.
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Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India rose to a one-week high on Thursday, following international market trends. On Multi Commodity Exchange, gold August futures were trading Rs 194 or 0.41 per cent up at Rs 47,780 per 10 gram, against the previous close of Rs 47,577. Silver September futures were ruling at Rs 67,203 per kg, up Rs 813 or 122 per cent.
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Tatva Chintan Pharma Chem shares got listed at 95% or Rs 1,028 premium over IPO price, at Rs 2,111 apiece on BSE.
Check live prices: Tatva Chintan Pharma Chem
The Indian Rupee is likely to open on a flattish note and is expected to continue its narrow range of 74.30-74.70 for the day. On the domestic front, the cabinet has announced the enactment of the Deposit Insurance Credit Guarantee Corporation (DICGC) Bill, which would ensure an amount of Rs 5 lakh stored in bank accounts. They have also announced amendments to LLP laws to provide ease of doing business benefits to the new ventures. However, clouds are still hovering on the domestic outlook due to many headwinds in business activity. Overall, the outlook on the USDINR pair remains the same. So, it is likely to continue its short-term range of 74.30-75.00 until another major event gives a breakout on the higher side. Amit Pabari, managing director, CR Forex Advisors
All the Nifty sectoral indices were trading in the green on monthly F&O expiry day, led by Nifty PSU Bank and Nifty IT. Bank Nifty was up 0.41 per cent
Maruti Suzuki, Bajaj-Auto, Housing Development Finance Corporation (HDFC), Dr Reddy’s Laboratories, Nestle India were top index laggards
HCL Tech, Tech Mahindra, Titan Company, Mahindra & Mahindra, Asian Paints, State Bank of India (SBI) were top BSE Sensex gainers
BSE Sensex was up 220 points or 0.42 per cent at 52,663, while the Nifty 50 index was up 66 points at 15,775.
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Windlas Biotech has fixed the price band at Rs 448-460 per equity share for its Rs 401-crore IPO
Nifty is expected to open flat at 15715, yesterday Nifty gave a sharp up move after making a low of 15513, Nifty will face resistance in 15720-15780 range, above which 15850 levels can be seen. On the downside, it will take support in the 15580-15620 range. Any fall below 15580 may take it to the 15500 to 15450 range. Traders are advised to maintain caution and strict stop loss on both sides. Gaurav Udani, CEO & Founder, ThincRedBlu Securities
BSE-listed companies such as Colgate-Palmolive (India), Tech Mahindra, AAVAS Financiers, ADF Foods, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, will release quarterly earnings on Thursday.
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NSE Nifty 50 may trade in the 15,500-15,800 range today on monthly futures & options expiry, while 34,500 will act as an important level for Bank Nifty. Yesterday, Nifty managed to recover from its support of 15,500 and ended the day tad above 15,700. Analysts expect some volatility on expiry day and advise investors to trade cautiously on Thursday. The overall trading range for Bank Nifty is expected to be between 34,000-35,000, said analysts. India VIX, the volatility gauge, spiked 3.47 per cent to 13.69 levels on Wednesday.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of Petrol and Diesel have once again been left unchanged at record highs by oil marketing companies, marking the twelfth day of unchanged prices. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4 and nine times this month, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since the rates started increasing more than 2 months back. 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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In the Nifty current series, there has been a Long Unwinding witnessed with decrease in price of -0.78% and decrease in OI by -52% as on today wherein there was shedding of 48.19 lakh shares in OI, decreasing from 93.23 lakh to 45.04 lakh shares (the reason for shedding in OI is due to monthly expiry tomorrow). Nifty March rollover stands at 58% as on today. Nifty Put Call Ratio, a sentiment indicator used by traders to gauge the market sentiment and mood, is currently at 0.93 compared to 1.18 of last week, indicating neutral-to-positive trend .
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While the Nifty is broadly consolidating in a range, we observe that the index is making lower bottoms over the last few weeks. The index has also been making lower tops recently, which indicates that the index is in a downtrend. A short term correction is likely once the immediate support of 15513 is broken. Downside targets in this scenario are at the previous intermediate highs of 15432.
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Tatva Chintan Pharma Chem shares were trading strong in the primary market ahead of listing. The shares were seen trading at a premium of Rs 1,200 apiece in the primary market over the IPO price of Rs 1,073-1,083 per share.
The Rs 500-crore Tatva Chintan Pharma Chem IPO shares are scheduled to make their stock market debut on Thursday. The public issue was sold during July 16-20, and received the second-highest subscription of 185.23 times among IPOs in 2021.
US stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track, according to Reuters.
Bears continued to assert control on Dalal Street, forcing the benchmark indices to close in the red for the third day straight on Wednesday. S&P BSE Sensex ended Wednesday’s session 135 points or 0.26% lower at 52,443 while the NSE Nifty 50 ended 0.24% in the red at 15,709. Broader markets mirrored the benchmark indices, except Nifty Next 50, which closed in the green. Nifty IT and Nifty Metal were the only gainers among sectoral indices. Entering the monthly expiry session, SGX Nifty was trading flat hinting at a weak to muted start for domestic equities. Global cues were mixed after Wall Street equity indices ended in opposite directions.
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