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.
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. 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.
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.
Check live Sensex, Nifty levels
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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Among Asian peers, Hong Kong stock markets saw a rebound from a two-day losing streak. Other Asian stock markets were mostly higher after US Federal Reserve left the benchmark interest rates near zero. Japan’s Nikkei 225 advanced over half a per cent, while the Topix index gained 0.26 per cent.
