Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market indices BSE Sensex and Nifty 50 turned negative after opening at new record high levels on Monday. BSE Sensex hit 53,126, and Nifty 50 touched 15,915.65 in the opening deals. Asian Paints, Housing Development Finance Ltd (HDFC), State Bank of India, Reliance Industries Ltd (RIL), NTPC were among top Sensex gainers. Maruti Suzuki, TCS, Larsen & Toubro, Bajaj-Auto, Mahindra & Mahindra, Infosys, HCL Tech, Bharti Airtel were top index laggards. Barring Nifty IT and Nifty Media indices, all the Nifty sectoral indices were trading in the green, lead by gains in Nifty PSU Bank and Nifty Metal.
Dodla Dairy shares got listed at Rs 550 per share on NSE, up Rs 122 or 28.50% from the issue price of Rs 428 apiece. While Krishna Institute of Medical Sciences (KIMS) shares opened for trading at Rs 1,008 per share, up 22% or Rs 183.9 apiece from the IPO price of Rs 825 per share. The Rs 520-crore initial public offering (IPO) of Dodla Dairy was subscribed 45.61 times. On the other hand, the total subscription for KIMS IPO was at 3.86 times.
COMEX gold trades flat near $1779/oz after a 0.1% gain in previous session. Weighing on gold price is stable US dollar and equity markets and higher bond yields. Also weighing on price is continuing ETF outflows. However, supporting price is rising virus concerns and mixed economic data from major economies. Gold is struggling to build momentum and unless we see fresh positive triggers or a break past the $1800/oz level, gold may remain sideways. Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities
Before the NFPR on Friday and the MFG PMI on 1st of July the markets are range bound as comments from FED officials slow. The Rupee is also moving in a small range of 74.10 to 74.30 and for today we can expect a range of 73.90 to 74.40. Exporters to sell at the extreme range of 74.40 and importers to buy near 73.90 or wait for the level which may come by 30th June when exporters sell for quarter end. Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors
Dodla Dairy made a strong debut on the stock exchanges on Monday, in an otherwise volatile market. Shares of the debutant company began trading at Rs 550 per share on NSE, up Rs 122 or 28.50% from the issue price of Rs 428 apiece. Dodla Dairy had a market capitalization of over Rs 3,000 crore on the listing.
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Krishna Institute of Medical Sciences (KIMS) shares made a strong listing on the stock exchanges today amid muted market sentiment. Shares of Krishna Institute of Medical Sciences opened for trading at Rs 1,008 per share, up 22% or Rs 183.9 apiece from the IPO price of Rs 825 per share. KIMS, a healthcare group operates in the Southern states of Andhra Pradesh and Telangana. The company had entered the IPO market to raise Rs 2,143 crore through an offer for sale and a fresh issue. On listing the stock had a market capitalisation of Rs 8,074 crore.
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Commodity prices traded frim with most of the commodities in the Non-Agro segment ending in green for the week. Bullion prices traded higher on weaker dollar while base metals rallied on strong demand over US infrastructure push. Crude oil prices extended rally on strong fuel demand recovery form US and Europe.
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The Nifty is again facing resistance at the 15900 level. If we are successful in getting past it, we should be heading to 16100 as the next target point. 15700-15750 is a good support range for the markets and if we can continue to respect that, every dip can be utilized to accumulate long positions for higher targets. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
The USD/INR may open marginally lower and unchanged from its previous day’s finish due to a surge in domestic stocks and a marginal correction in the US dollar index. The primary market is also helping to attract foreign investment inflows. Dollar Index is holding the support near $91.50. Technically, the USDINR June opened on a flat note this morning and was moving in a marginally sideways to Bullish trend. Prices tried to breach the 110-SMA level at the starting of second half but were not able to do so and tested resistance there and we got a range-bound day. If we see on a higher time price are consolidating from past few days. In today’s session, an “Ascending Triangle” candlestick chart pattern has been formed, whose neckline is resting at 74.25 mark, even if prices breach this mark, there is another hurdle on the higher level of 74.3.3-74.35 where prices can test resistance, so it seems difficult for buyers to take prices at higher levels. On the downside, support zones are resting at 74.11-74.09 levels, if prices breach this zone with ample volumes, we may witness a further downfall till 73.90-73.88 zone which is the next major support area. Kshitij Purohit, Lead International & Commodities at CapitalVia Global Research
Domestically, Indian stocks are steady as falling covid cases and rising vaccine numbers have boosted confidence in quicker economic recovery. However, any further lockdown restrictions on account of the third wave of Covid and continued rising oil prices could dent investor’s sentiments. According to data from the Reserve Bank of India, India’s forex reserves declined by $4 billion to $603.93 billion in the past week. It will be watchful whether RBI shows any intervention for the decline of the rupee with its high reserves and control the losses in the rupee. Overall, uncertainty around the globe remains high with mixed views on inflation outlook and softer than expected economic data. Thus momentum in the rupee could also be trapped within its present narrow range of 73.70-74.40 levels. Amit Pabari, managing director, CR Forex Advisors
Outlook for gold is positive for intraday as US reported below forecast consumer spending figures on Friday and market may shrug off a rise in the US dollar. MCX gold for August future may touch Rs. 47,100 per 10 gram. Jigar Trivedi, Fundamental Research Analyst, Anand Rathi Shares and Stock Brokers
Barring Nifty IT and Nifty Media indices, all the Nifty sectoral indices were trading in the green, lead by gains in Nifty PSU Bank and Nifty Metal.
Maruti Suzuki, TCS, Larsen & Toubro, Bajaj-Auto, Mahindra & Mahindra, Infosys, HCL Tech, Bharti Airtel were top index laggards.
Asian Paints, Housing Development Finance Ltd (HDFC), State Bank of India, Reliance Industries Ltd (RIL), NTPC were among top Sensex gainers
BSE Sensex surged above 53,100, gaining over 100 points, to hit a fresh record high. While the broader Nifty 50 index jumped to scale a new record high of 15,915.
BSE Sensex surged above 53,000, gaining over 300 points in the pre-opening session. While the broader Nifty 50 index was just shy of 16,000, rising 130 pts.
Markets seem to open on a slight positive to the flattish note as indicated by the SGX Nifty. The Asia-pacific region opening before the Indian markets, has shown steadiness despite the surge in COVID-19 cases due to delta+ variant. Australian city Sydney imposed a two-week lockdown. Crude oil is edging higher and trading above $75 a barrel ahead of the OPEC+ meeting. The meeting is expected to announce a supply increase but it might fall short of the global demand. For Nifty the levels of 15,600 on the downside and 15,900 on the upside need to be watched closely. Mohit Nigam, Head, PMS – Hem Securities
The chart pattern suggests that if Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 16100-16300 levels. However, if index breaks below 15700 level it would witness selling which would take the index towards 15600-15500. Nifty is trading above 20 and 50 day SMAs which are important short term moving averages, indicating positive bias in the short term. Nifty is expected to remain in an uptrend to sideways zone until it breaks 10600 on the downside. For the week, we expect Nifty to trade in the range of 16300-15800 with a positive bias.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of Petrol and Diesel was left unchanged by oil marketing companies today, taking a breather after two consecutive hikes. Petrol price in Delhi today stands at Rs 98.46 per litre while Diesel in the capital city is retailing at Rs 88.90 per litre today. Rates have increased making it 31 times since May 4. The price of petrol in Delhi has increased by Rs 7.77, while diesel price has surged Rs 8.48 per litre since the rates started increasing. 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.
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Over 300 BSE-listed companies including NALCO, Aarvee Denims, Autoline Industries, Bartronics India, Eros International Media, Future Lifestyle Fashions, Federal-Mogul Goetze, Gammon India, GIC Housing Finance, IFCI, ISGEC Heavy Engineering, KPI Global Infrastructure, NLC India, Premier Explosives, Sadbhav Infrastructure Project, Surya India, Triveni Turbine, V2 Retail, Viceroy Hotels, Vivimed Labs, Welspun Corp, and Zee Media Corporation, will announce their January-March quarter earnings on June 28.
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US stock indices on Wall Street, ended mixed on Friday. The Dow Jones Industrial Average rose 0.69 per cent, while the S&P 500 gained 0.33 per cent. The Nasdaq Composite dropped 0.06 per cent.
Asian stock markets were trading mixed in early trade on Monday. Japan’s Nikkei 225 slipped in morning trade while the Topix index gained 0.11 per cent. Australian stocks also slipped, as the S&P/ASX 200 fell 0.32 per cent.
Asian stock markets were trading mixed in early trade on Monday. Japan’s Nikkei 225 slipped in morning trade while the Topix index gained 0.11 per cent. Australian stocks also slipped, as the S&P/ASX 200 fell 0.32 per cent.
Nifty futures were ruling at 15,900, up 29 points or 0.18 per cent on Singaporean Exchange.
Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said. Besides, the progress of monsoon will also be monitored. “This week marks the beginning of the new month also, so participants will be eyeing the high-frequency indicators like auto sales and manufacturing PMI during the week. Besides, the progress of monsoon will also remain on their radar.
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Krishna Institute of Medical Sciences and Dodla Dairy, which recently concluded their initial public offerings, will make debut on the stock exchanges on Monday, information with bourses showed. The equity shares of these companies will be listed on the BSE and the National Stock Exchange (NSE).
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Domestic benchmark equity indices sit near all-time highs, after gaining more than 1% each during the previous week. S&P BSE Sensex is at 52,925 while the 50-stock NSE Nifty is at 15,860. Ahead of the first trading session of the week, SGX Nifty was trading in the green, hinting at some positive momentum for domestic equities. On the charts, analysts believe Nifty is still in an uptrend and could shart fresh highs in the coming sessions.
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