Buzzing Stocks | RIL, Tata Coffee, Titan and others that will be in focus today
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Gainers and Losers on the BSE Sensex:
Market Opens: Benchmark indices started the May series on the negative note with Nifty below 14800 on the back of mixed global cues.
At 09:16 IST, the Sensex was down 456.30 points or 0.92% at 49309.64, and the Nifty was down 126.90 points or 0.85% at 14768.00. About 481 shares have advanced, 836 shares declined, and 62 shares are unchanged.
Trade Spotlight: What Should Investors Do With JSW Steel, SAIL & Tata Steel?
Stocks that were in focus include JSW Steel which closed with gains of nearly 10 percent, SAIL that rose over 8 percent, and Tata Steel which touched a fresh 52-week high on Thursday.
Indian markets are likely to see a gap down opening tracking mixed global cues and soaring new Covid-19 cases in the country that could derail the economic recovery. However, global news flows and sector specific development will be key monitorables. US markets ended higher amid corporates’ quarterly earnings reports and the US President’s proposed infrastructure and families plan.
Market at pre-open: Benchmark indices are trading lower in the pre-opening session amid mixed global cues.
At 09:02 IST, the Sensex was down 189.42 points or 0.38% at 49576.52, and the Nifty was down 149.50 points or 1.00% at 14745.40.
DAILY VOICE | Use Sharp Fall In BFSI Stocks To Accumulate: Naveen Kulkarni Of Axis Securities
Mid and small-caps have started outperforming and we can expect this trend to continue. So, buying growth at a reasonable price that combines both growth and value themes will perform very well in…
Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services:
So far the positive global cues and strong quarterly earnings season has been supportive to the market. While the market undertone is positive, the extension of lockdowns and the continuous rise in cases could cap the upside. The progress on the vaccination front from next week as it gets opened for all will be eagerly tracked.
On the global front, market participants will keep an eye on the US Q1 GDP data and weekly jobless claims.
Wipro revises Q1FY22 revenue growth guidance:
Company expect revenue from our IT Services business to be in the range of $2,324 million to $2,367 million. This translates to a sequential growth of 8.0% to 10.0%.
This does not include revenue from our recently announced acquisition of Ampion.
FII and DII data
Foreign institutional investors (FIIs) bought shares worth Rs 809 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 942 crore in the Indian equity market on April 29, as per provisional data available on the NSE.
Results on April 30:
Reliance Industries, IndusInd Bank, Marico, Yes Bank, Indian Hotels, Can Fin Homes, RPG Life Sciences, Accelya Solutions India, Ajanta Pharma, Alicon Castalloy, Astec Lifesciences, Atul, B2B Software Technologies, Betala Global Securities, Dugar Housing Developments, Indian Acrylics, Mahindra EPC Irrigation, Maral Overseas, Magellanic Cloud, MRC Exim, Progrex Ventures, Raghav Productivity Enhancers, Sacheta Metals, Shriram City Union Finance, SSPN Finance, Supreme Petrochem, Teesta Agro Industries, Trent, Walchand Peoplefirst will release quarterly earnings on April 30.