Press "Enter" to skip to content

Market LIVE: Nifty tops 15,200, at over two-month high, Sensex above 50,700; SBI top index gainer, up 3% – The Financial Express

Nifty PSU Bank gained 2 per cent, while Nifty Pharma indices was up over 1 per cent. Image: Reuters

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in green on Monday. BSE Sensex was hovering around 50,700 while Nifty 50 index was ruling above 15,200. SBI, Power Grid Corporation of India, HDFC Bank, L&T, Maruti Suzuki were among top Sensex gainers. Titan Company, M&M, IndusInd Bank, HUL, UltraTech Cement, Bharti Airtel were top index losers. Barring Nifty FMCG and Nifty Metal indices, all the sectoral indices were trading with gains. Nifty PSU Bank gained 2 per cent, while Nifty Pharma indices was up over 1 per cent.

After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the government tide over the revenue losses from lockdowns and extend more support to the pandemic hit industries and to the poor people. In fiscal 2020, the RBI had paid only Rs 57,128 crore in dividend to the government and the finance minister had budgeted only Rs 45,000 crore from the central bank.

The Nifty has powered up further this morning and we should expect the index to head towards 15300 as the next target. Any dip or intraday correction can be used to enter long positions for higher levels. The support has been upgraded to 15000 and as long as this level holds, any fall can be utilized to accumulate. Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

Titan Company, M&M, IndusInd Bank, HUL, UltraTech Cement, Bharti Airtel were top index losers 

SBI, Power Grid Corporation of India, HDFC Bank, L&T, Maruti Suzuki were among top Sensex gainers

COMEX gold trades 0.5% higher near $1885/oz after a 0.3% decline on Friday. Gold remains supported by persisting inflation concerns, diverging virus situation, mixed economic data from major economies and pick up in investor buying. However, weighing on price is recovery in US dollar from Friday’s low, concerns about Indian demand and easing geopolitical tensions in Middle-east. Gold may remain volatile as market players assess central bank stance however continued recovery in equity markets may reduce its safe haven appeal pressurizing prices. Ravindra Rao, CMT, EPAT VP-Head Commodity Research, Kotak Securities Ltd

The elongated up moves followed by shallow price correction highlights robust price structure that makes us confident to revise our target to 15700 for the month of June 2021, as it is 123.6% external retracement of Feb-April Correction (15432-14151). Therefore, any cool off from hereon should be capitalised as incremental buying opportunity in quality large cap and mid-caps.

Read full story

Nifty closed at 15175 with a gain of 498 points on a weekly basis. On the weekly chart the index has formed a long bullish candle forming higher High-low compared to previous week and has closed above previous week’s high indicating positive bias. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 15200 level it would witness buying which would lead the index towards 15350-15500 levels.

Read full story

BSE Sensex was trading 246 points or 0.49 per cent up at 50,786, while the broader Nifty 50 index reclaimed 15,250.

BSE Sensex was trading 200 points up while the broader Nifty 50 index was ruling over 15,200 level in the pre-opening session on Monday.

Check live Sensex, Nifty levels

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were left unchanged today. So far this month, fuel prices have been increased 12 times. Petrol in Delhi today costs Rs 93.21 per litre, while diesel in the capital city costs Rs 84.07 litre today. Petrol price in Delhi has been increased by Rs 2.81 so far in May, while diesel price has surged Rs 3.34 per lire. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

Read full story

BSE-listed companies such as Grasim Industries, India Cements, JK Paper, Mahanagar Gas, Barbeque-Nation Hospitality, Dalmia Bharat Sugar and Industries, India Cements Capital, JSW Holdings, Lakshmi Machine Works, Loyal Textile Mills, Pharmaids Pharmaceuticals, Poly Medicure, Ramco Cements, Ramco Industries, Sparc Systems, Summit Securities, Tiaan Consumer, Tirupati Tyres, UTL Industries, and Wall Street Finance, among others will announce January-March quarter earnings today.

Read full story

Commodity prices traded mixed during the week passed by with Bullion prices rallied on inflation hedge. Base metals complex continued downside as China signalled policy action to curb rising prices. Crude oil prices declined with progress in Iran nuclear talks adding supply pressure. 

Read full story

Domestic equity markets soared higher in the previous trading week, as benchmark indices nearing their all-time higher. S&P BSE Sensex settled at 50,540 points on Friday while the Nifty 50 ended at 15,175. However, the upward march might face some resistance with Nifty futures on Singapore Exchange trading in the red on Monday morning. Global cues were also mixed during the early hours of trade. On the charts, Nifty registered a nine-week high at 15,190 on Friday and closed near it. “We observe an upside breakout of the downward slopping trend line at 14900, as per week’s close. This is a positive indication,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Read full story

The short term trend of the market has turned sharply into positive, after a weakness of couple of sessions. The confirmation of upside breakout of the broader range as per smaller and larger timeframe charts and the overall positive set up could point towards the potential upside pattern target of around 15800 levels for Nifty, which could be achieved in the next few weeks. Intermittently, the higher highs and lows and minor downward corrections could be continued till the target is achieved. Immediate support is placed around 15100-15050. Nagaraj Shetti, Technical Research  Analyst, HDFC Securities

Technically, Nifty formed a strong Bullish candle on daily and weekly scale while has been forming higher top – higher bottom from the last three weeks. Now, it has to hold above 15050 zones to witness an up move towards 15300 then life time high of 15431 marks while on the downside support exists at 15000 and 14900 zones. India VIX fell down by 2.90% from 19.65 to 19.08 levels. India VIX needs to hold below 20 zones to extend the bullish market momentum towards new life time territory. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

The GST Council is its upcoming meeting, scheduled to be held on May 28, is likely to take a call on levy of 12 per cent tax on import of oxygen concentrators for personal use. The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those received as gifts is “unconstitutional”.

Read full story

After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the government tide over the revenue losses from lockdowns and extend more support to the pandemic hit industries and to the poor people.

Read full story

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates