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Market at pre-open: Benchmark indices are trading higher in the pre-opening session amid mixed global cues.
At 09:02 IST, the Sensex was up 416.93 points or 0.83% at 50,713.82, and the Nifty was up 194.80 points or 1.31% at 15,113.90.
MTAR Tech garners Rs 179 crore from anchor investors
MTAR Technologies, a Hyderabad-based precision engineering solutions company, has raised Rs 178.92 crore from anchor investors on March 2, ahead of its initial public offering (IPO), slated to open on March 3.
FII Trading Activity:
DII Trading Activity:
Rakesh Jhunjhunwala, Rare Investments sell stake in Ion Exchange
Ace investor Rakesh Radheyshyam Jhunjhunwala sold 1,50,770 equity shares (representing little over 1 percent of total paid up equity) at Rs 1,205.19 per share, and Rare Investments offloaded 3,87,727 equity shares at Rs 1,205.42 per share, as per the bulk deals data available on the BSE showed.
Top 12 Things To Know Before The Market Opens
Trends on SGX Nifty indicate a positive opening for the index in India with a 16 points gain.
Nagaraj Shetti, Technical Research Analyst, HDFC Securities:
The short term trend of Nifty continues to be positive and bulls seems gaining strength in the present upside bounce. The crucial overhead resistance to be watched around 15,065 and a decisive move above this gap area could open chances of new highs for the market.
Dollar Updates: The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields continued to retreat, restoring some calm to global markets and reigniting demand for riskier assets.
Oil prices were down in early trade on Wednesday, extending several days of losses, amid uncertainty over how much supply producing countries will push to restore to the market at a meeting this week while the coronavirus pandemic persists.
Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services:
Going ahead, while the current momentum may continue over the next few days, volatility is likely to remain as market would look at global cues for further direction. Investors would continue to track bond yields, inflation data and Covid situation along with developments around US stimulus.