Follow our LIVE blog for the latest updates on the novel coronavirus pandemic and its impact
Market at 12 PMBenchmark indices extended the gains and trading at day’s high level.The Sensex was up 213.60 points or 0.39% at 54739.53, and the Nifty was up 61.70 points or 0.38% at 16344. About 2166 shares have advanced, 689 shares declined, and 90 shares are unchanged.
Small & Midcap Mantra: This IT Consulting Company Rose 175% In 1 Year, Can Further Climb 22%
Birlasoft has outperformed the Nifty50 that rose 43 percent and the S&P BSE 500 index that gained about 50 percent in the year
India VIX remained flattish at 12.71
Nifty PCR OI is at 1.23
Bank Nifty PCR OI fell from 0.84 at 0.73 Nifty support at 16200 n major at 16150, upside hurdles at 16400 n 16500@MotilalOswalLtd #market #StocksToWatch #option #ThursdayThoughts #nseindia #motivation #Expiry pic.twitter.com/zWzgGztVFH— Chandan Taparia (@tapariachandan) August 12, 2021
Nifty IT index is up with decent gains with all components in the green.
More than 130 stocks hit 52-week highs on BSE: More than 130 stocks, including Bharti Airtel, Infosys, HCL Tech, Bata India, Tech Mahindra, Vedanta, Indoco Remedies, KPIT Technologies, Laurus Labs, Larsen & Toubro Infotech, Tata Chemicals and VIP Industries, hit their fresh 52-week highs in intraday trade on BSE.
Market at 11 AMIndian benchmark indices were trading higher with Nifty holding above 16300.The Sensex was up 147.62 points or 0.27% at 54673.55, and the Nifty was up 43.70 points or 0.27% at 16326. About 2126 shares have advanced, 670 shares declined, and 78 shares are unchanged.
Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments:
The market is once again trading above the 16300 level. If we can close above this, we should be headed to 16600 as the next target level. Since the trend is positive, traders should focus on accumulating long positions on dips and/or intra day corrections.
Gold Price Today: Yellow Metal Trade Lower, Experts Say Buy For A Target Of Rs 46,660
Experts suggest buying in gold on dips around Rs 46,150 with a stop loss of Rs 45,880 for the target of Rs 46,660 and in silver at around Rs 62,300 with a stop loss of Rs 61,800 for the target of Rs…
Gold Updates:
Gold prices steadied on Thursday after rising more than 1% in the previous session, as worries of an early tapering in economic support eased after data showed U.S. consumer price inflation cooled in July.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services:
Global equity markets have positive news from the US inflation data for July which has come at 0.5% month on month. This is slightly lower than expected and confirms the Fed thesis that inflation is transitory. The positive response of Dow and S&P to the inflation numbers and the decline in the Dollar index will strengthen the bulls. However, investors should exercise caution in this exuberant bull market since valuations are stretched and risks are rising.
Healthy development in the market is the steady removal of froth in the mid-and small-cap segments which are down 3.5% and 6% respectively from their peaks. At the same time, the return of quality like HDFC twins, Kotak Mahindra Bank, Bharti Airtel, and RIL bode well for the market health.
BSE Power index added 1 percent supported by the Powwr Grid, Torrent Power, Indian Energy Exchange
