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Share Market LIVE: Nifty at fresh high of 15,900, Sensex hits all-time high; RIL, Infosys top contributors – The Financial Express

Barring Nifty Pharma index, all the Nifty sectoral indices were trading in the green, lead by Nifty Realty index

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at record high levels on Monday amid mixed Asian cues. BSE Sensex hit a record high of 52,835.51, while Nifty 50 scaled a fresh all-time high of 15,889.60. IndusInd Bank, Tech Mahindra, Asian Paints, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, HCL Technologies, Bajaj Finsv, Infosys. On the flip side, Dr, Reddy’s Lab, Titan Company, Bajaj Finance and L&T were top index laggards. Barring Nifty Pharma index, all the Nifty sectoral indices were trading in the green, lead by Nifty Realty index. Nifty Bank index was up 0.78 per cent

Elevated global commodity prices, highly taxed auto fuels and unfavourable base effect propelled wholesale price inflation in May to 12.94%, the highest in the current series with 2011-12 base year, showed the official data released on Monday. Retail inflation, too, spiked to a six-month high of 6.30% in May, as food inflation returned, aided by a 30.84% rise in oils and fats, and price pressure in fuel & light surged (11.58%).

The index continues its bullish trajectory and seems headed to 15900-16000. Despite multiple sessions of nervousness, the Nifty has been successful in respecting the 15700-15750 levels of support. As long as we do not break that on a closing basis, this trend is here to stay. The best way to ride this trend will be to accumulate long positions on dips. That would be the most prudent way of being a part of the larger trend. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

Videocon share price hit 5% upper circuit on BSE even as the National Company Law Tribunal (NCLT) approved Vedanta Group’s Twin Star Technologies’ resolution plan for Videocon Industries Ltd. As per the resolution plan, Videocon Industries will be delisted.

Gold prices in India were struggling on Tuesday, as yellow metal in the international market steadied. Investors awaited the US Federal Reserve meeting for further clarity on rising inflation and monetary policy going forward. On Multi Commodity Exchange, gold August futures were trading Rs 20 up, at 48,543 per 10 gram, as against the previous close of Rs 48,523 per 10 gram. Silver July futures, on the other hand, were down Rs 521 or 0.72 per cent at Rs 71,358 per kg.

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On the initial day of the bidding process, Shyam Metalics’ initial public offering was oversubscribed by investors. On the other hand, Sona Comstar’s IPO was subscribed 11%. Of the two, Sona Comstar is the larger offering — over 5 times the size of Shyam Metalics. Retail investors were upbeat on both the IPOs, tuning out to be the largest bidders so far. After a long pause, the IPO market saw two fresh public offerings open for subscription yesterday amid volatile market momentum. So far in this financial year, investors have seen only two other IPOs hit the street.

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Domestically, broad dollar strength and rising oil prices have hurt the rupee in past trading sessions. Besides that, a spike in India’s retail price inflation to a six-month high of 6.3% in May, breaching the Reserve Bank of India’s target range after five months; while a jump in wholesale prices by 12.94% in May could further dent investor sentiments. However, the only ray of hope to support the rupee is the FII inflows on account of upcoming IPO’s and QIP’s that could cap sharp losses thereon. Overall, we expect the USDINR pair to form a base near 73.20-30 and rebound sharply above 73.80-74.00 levels in upcoming days. Amit Pabari, managing director, CR Forex Advisors

Paras Defence and Space Technologies has received capital markets regulator SEBI’s approval to launch an IPO. The public issue comprises fresh issue of shares worth Rs 120 crore and an offer-for-sale (OFS) of up to 17.24 lakh shares by promoters and existing shareholders. The company may also consider a pre-IPO placement of equity shares to the tune of Rs 35 crore, prior to the filing of the red herring prospectus. 

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It was a high-profile fund-raiser that had all the ingredients of a blockbuster: five-time former world champion Viswanathan Anand taking on Bollywood star Aamir Khan, singers Arijit Singh and Ananya Birla, cricketer Yuzvendra Chahal, young billionaire Nikhil Kamath, and film producer Sajid Nadiadwala — all at the same time.

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BSE Sensex gained over 200 points to scale a new all-time high of 52,785.03, while Nifty 50 index hit a fresh record high of 15,869.10

Paras Defense And Space Technologies has received market regulator Securities and Exchange Board of India’s (SEBI) nod for the Initial Public Offering (IPO) route. The company had filed DRHP with SEBI on March 9, 2019. The Issue comprises fresh issue of equity shares worth up to Rs 120 cr and an OFS of up to 17.24 lakh equity shares by Promoter Selling Shareholders and Individual Selling Shareholders.

Domestic gold and silver prices could start weaker on Tuesday morning, tracking overseas prices. On the domestic front, if MCX Gold August trades below 48500 levels we could witness a continuation of Bearish momentum up to 48350-48000 levels. Resistance is at 48600-48800 levels. MCX Silver July holds support near 71100-70500 levels. Resistance is at 72000-73200 levels. Sriram Iyer, Senior Research Analyst at Reliance Securities

Foreign Institutional Investors (FII) were net sellers of domestic stocks on Monday, pulling out Rs 503 crore. Domestic Institutional Investors (DII) were net buyers, pumping in Rs 503 crore. 

16000 strike has maximum Call OI, followed by 15800 strike. Highest Put OI is at 15000 which is followed by 15600 strike.

BSE-listed companies such as LIC Housing Finance, Easy Trip Planners, Entertainment Network (India), Jubilant FoodWorks, Power Finance Corporation, Flexituff Ventures International, India Home Loan, JMD Ventures, BLS International Services, Centum Electronics, Lemon Tree Hotels, Manaksia, Salzer Electronics, Spencers Retail, and Whirlpool of India, will announce their January-March quarter earnings on June 15.

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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were left unchanged on Tuesday, after having seen a rate revision just a day ago. Petrol price in Delhi today costs Rs 96.41 per litre, while diesel in the capital city is retailing at Rs 87.28 per litre today. Rates have been hiked 24 times 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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US stock indices on Wall Street ended mixed in overnight trade on Monday. The Dow Jones Industrial Average fell 0.41 per cent, the S&P 500 lost 0.14 per cent, and the Nasdaq Composite gained 0.29 per cent.

Asian stock markets were trading mixed in early trade, with Australian stocks gaining over 1 per cent. Japan’s Nikkei 225 gained 0.82 per cent while the Topix index advanced over half a per cent. South Korea’s Kospi fell 0.09 per cent.

Nifty futures were trading flat at 15,835.50 on Singaporean Exchange on Tuesday

Rising prices of edible oils and protein rich items pushed the retail inflation to a six-month high of 6.3 per cent in May, breaching the comfort level of the Reserve Bank and thus rendering reduction in interest rates a difficult proposition in the near term. The government has asked the Reserve Bank to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side.

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