Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading down on Monday amid mixed cues from their Asian peers. BSE Sensex was hovering around 52,300 while Nifty 50 was back above 15,700. Bajaj Finance, State Bank of India (SBI), NTPC, Bharti Airtel, Kotak Mahindra Bank, Axis Bank were top Sensex laggards. Only Infosys, TCS shares were trading in the positive territory. All the Nifty sectoral indices were trading deep in red, lead by Nifty Realty, which fell 3.5 per cent. Nifty Bank index was down 1.7 per cent, While Nifty Metal declined 3.6 per cent.
Shyam Metalics and Energy and Sona BLW Precision Forgings (Sona Comstar) IPOs have opened for subscription on June 14, 2021. The Rs 909-crore IPO of Shyam Metalics and Energy has fixed price band at Rs 303-306 per share for the IPO. While Sona Comstar’s Rs 5,550-crore IPO’s price band is fixed at Rs 285-291 a share.
Q4FY21 is turning out to be the fourth consecutive quarter of earnings beat exceeding misses (led by cyclicals), which has resulted in PAT/GDP rising further to 2.8% despite upward revision to FY21 GDP base. ‘Look through earnings’ of NIFTY200 portfolio has risen sharply by 120% driven by cyclicals in Q4FY21. Latest GDP print indicates economic recovery is led by investments as the real investment rate rose to a 2-year high of 34.3% driven by robust construction and manufacturing sector along with higher government spending. It is also corroborated by robust quarterly results of sectors such as metals, cement, building material, capital goods, auto as well as the resilience shown by merchandise exports. We believe the environment for capex cycle is turning conducive at a macro level. Pick up in contact-intensive consumption will be with a lag and depends on consumer confidence. Rising demand-driven moderate inflation and improving pricing power of manufacturers reflected in rising WPI is positive for corporate earnings and stocks in general. Risk emanates from inflation going out of hand and demand outlook falling which looks unlikely currently. ICICI Securities
BSE Sensex trimmed opening losses, but was still in red, down 178 points, while NSE’s Nifty was half a per cent down at 15,725
Last week Gold prices corrected by 0.19% and closed at 48903 levels after touching 49721 level last week. In the international market gold is trading at $1866 per ounce. Recently we have noticed that recovery in dollar and bond yield put pressure on gold prices and fade out the Gold demand as safe-haven demand. Outflow in ETFs also witnessed. For today we are expecting the Gold may trader lower today. Traders can go for sell at 49000 levels with the stop loss of 49250 for the target 48500 levels. In the international market it may test $1850 level very soon. Anuj Gupta, VP – Commodity and Currencies Research, IIFL Securities
As dollar has appreciated in the early Asian trading session, the outlook for gold is bearish for intraday. Having said that, investors now turn their attention to the Fed’s monetary policy decision later in the week, with expectations that the central bank will continue to remain ultra-accommodative until the economy has further recovered. Jigar Trivedi, Fundamental Research Analyst, Anand Rathi Shares and Stock Brokers
The focus has sifted on the Fed’s June 15-16 policy meeting for further clarity on the policymakers’ view on rising inflation and economic recovery. Should the FOMC not un-nerve markets, we would look for gold to be pushed higher, but ahead of the decision, volatility is keeping the dollar afloat. So in MCX Gold, the price is trading below 49000, so the fall can be seen towards 48450-48300-48000. The crucial resistance is around 49650 and sustenance only above that will push towards 50000-50300. Rahul Gupta, Head of Research-Currency at Emkay Global Financial Services
The index continues to be nervous at higher levels; 15700-15800 is posing to be a resistance and this has happened multiple times over the last few trading sessions. The support for the Nifty has been upgraded to 15700-15750 and as long as this holds on a closing basis, we are in bullish terrain. Should we break the level of 15700 on a closing basis, traders should consider wrapping up their long positions and wait for a directional move thereafter. Until then, 15900-16000 is the next target for the index. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
Commodity prices traded mixed with most of the commodities in the Non-Agro segment traded firm except gold. Crude oil prices extended rally on strong fuel demand recovery form US and Europe. Base metals ended in green as China continued to increase prices discarding inflation worries. Bullion prices traded under pressure on stronger dollar following strong economic data.
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On Thursday, Axis Securities had given a moderately bearish view to Bank Nifty for this week, with pair trade strategy with breakeven point at 34,630.
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The higher crude oil prices, fear of fiscal slippage, jump in the US dollar index and RBI’s aggression to buy dollars could be negatives for the Rupee. However, after steady secondary market inflows, now primary market (IPO) could grab some dollars inflows and limit Rupee’s depreciating move. But RBI stands tall in the spot market to dominate over any flows. Overall, after benefiting the importers with lower spot and premium, the market is slightly turning in favor of the exporters where higher spot could offset lower premium a bit. Thus it is advisable for importers to buy on every dip and exporters to participate slowly on a breakout. In the near term, we expect the pair to trade in the range of 72.90-74.20 zone with an upside bias. Amit Pabari, managing director, CR Forex Advisors
All the Nifty sectoral indices were trading deep in red, lead by Nifty Realty, which fell 3.5 per cent. Nifty Bank index was down 1.7 per cent, While Nifty Metal declined 3.6 per cent
Bajaj Finance, State Bank of India (SBI), NTPC, Bharti Airtel, Kotak Mahindra Bank, Axis Bank were top Sensex laggards
Only Infosys, TCS shares were trading in the positive territory on Monday, gaining up to 1.3 per cent
Shares of Dewan Housing Finance Corporation Ltd (DHFL) stopped trading on the stock exchanges from today, as BSE and NSE informed investors over the weekend. In separate notifications, both the exchanges said that DHFL’s resolution plan provides for the delisting of equity shares of the Company. DHFL ended Friday’s trading session at Rs 16.70 apiece, after having hit the 10% lower circuit. The stock has seen significant trading in the last few weeks, even hitting upper circuits after the resolution plan was approved by the National Company Law Tribunal.
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BSE Sensex was trading 309 points or 0.59 per cent down at 52,165, while Nifty 50 was ruling at 15,684, down 115 points or 0.73 per cent
Nifty 50 index continued with its record setting spree over third consecutive week as Nifty clocked a fresh all time high of 15835. The weekly price action formed a bull candle with small lower shadow, highlighting elevated buying demand as intra-week dips were bought into. On expected lines, small cap index scaled to fresh all time high supported by faster retracement as nine quarters decline retraced in just five quarters, indicating structural improvement.
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On the weekly chart the index has formed a small Bullish candle carrying a long lower shadow indicating buying support at lower levels. 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 15850 level it would witness buying which would lead the index towards 15950-16100 levels.
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16000 strike has maximum Call OI at 3 million shares followed by 15800 that has Call OI of 2.8 Million. Highest Put OI is at 15700 with 2.3 million shares followed by 15800 strike which has PUT OI of 2 million shares
A total of 50 BSE-listed companies including Coal India, IDFC, Indian Overseas Bank, Greenply Industries, IFB Industries, JB Chemicals & Pharmaceuticals, Jaiprakash Power Ventures, Kajaria Ceramics, and Uttam Sugar Mills will release quarterly earnings on June 14.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hikes once again today, after a brief one-day pause. Petrol price in Delhi today costs Rs 96.41 per litre, an increase of 29 paise. Meanwhile, the price of diesel in the capital city is retailing at Rs 87.28 per litre today, up 30 paise since yesterday. Rates have been hikes 24 times now since May 4. The price of petrol in Delhi has increased by Rs 5.72, while diesel price has surged Rs 6.25 per litre since the rate revision began. 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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Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday, information with exchanges showed.
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US stock indices ended higher in overnight trade on Friday. The Dow Jones Industrial Average rose 0.04 per cent, the S&P 500 gained 0.19 per cent, and the Nasdaq Composite added 0.35 per cent.
Asian peers were mixed on Monday morning. Japan’s Nikkei gained 0.35 per cent while the Topix index was up 0.16 per cent. South Korea’s Kospi fell marginally. Markets in Australia, mainland China and Hong Kong were closed on Monday for holidays.
Nifty futures were trading 62.15 points or 0.39 per cent down at 15,759 on Singaporean Exchange.
After having reached lifetime highs last week, domestic equity benchmark indices may look to carry the momentum forward. S&P BSE Sensex currently sits at 52,474 points while the 50-stock NSE Nifty settled at 15,799. However, carrying the momentum forward might face some hurdles with SGX Nifty sitting down in the negative territory, hinting that Dalal Street might face some hurdles in carrying forward the positive momentum. Charts suggest that Nifty’s movement may still be dominated by bulls. “
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