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 Tuesday. BSE Sensex was above 57,100, a historic high while, Nifty 50 breached 17,000 mark for the first time. HCL Tech, Bharti Airtel, Tech Mahindra, Asian Paints, Dr Reddy’s Laboratories, Sun Pharma, Infosys, TCS, Titan Company among top BSE Sensex gainers. M&M, L&T, State Bank of India (SBI), IndusInd Bank, Housing Development Finance Corporation (HDFC) and Reliance Industries Ltd (RIL) were among Sensex laggards. Barring Nifty Auto, all the sectoral indices were trading in the positive territory. Bank Nifty gained 0.32 per cent, while Nifty IT was up over 1 per cent.
The National Statistical Office will release the GDP numbers for the April-June quarter on 31 August 2021. RBI MPC in its 6th August 2021 resolution said that it expects June quarter GDP to grow at 21.4 per cent. A recent poll of 41 economists conducted by news agency Reuters indicated that the gross domestic product (GDP) rose 20 per cent in the June quarter, compared to the record contraction of 24.4 per cent in the same period a year ago.
India VIX, the volatility index, was up 4% at 13.8 levels on Tuesday as domestic markets reached fresh all-time highs. Sensex was above 57,100 while the NSE Nifty 50 claimed 17,000.
Bulls propelled domestic market benchmarks BSE Sensex and Nifty 50 to new record high levels on Tuesday, helped by positive Asian cues. NSE’s Nifty 50 hit the crucial 17,000-mark for the first time, rising 84 points from yesterday’s close. The 30-share Sensex too surged to a new high of 57,124.78, surging 235 points. Nifty has risen nearly 2 per cent in the last five days, while it has added 7 per cent in the past one month. It took Nifty 50 index just 19 trading sessions to climb to 17,000 from 16,000.
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NSE NIfty 50 today crossed 17,000 mark for the first time ever, hitting an all-time high of 17,001 as bulls asset control on Dalal Street. Sensex was above 57,100.
Vijaya Diagnostics Rs 1,894 crore IPO (initial public offering) will open for subscription tomorrow on September 1. The Sout-India based integrated diagnostic chain’s IPO is entirely an Offer For Sale (OFS) by existing shareholders of the company and won’t include any fresh issue of equity shares. The OFS will see promoter S. Surendranath Reddy sell part of his holdings in the company along with investors such as Karakoram Ltd and Kedaara Capital AIF 1. Ahead of the public issue of the company, shares of Vijaya Diagnostics are trading with a weak premium of Rs 30 per share in the grey market, according to Yash Gupta, Equity Research Analyst, Angel Broking.
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Ami Organics Rs 570-crore IPO is set to open for subscription on 1 September 2021, along with Rs 1,895-crore Vijaya Diagnostic Centre IPO. In the primary market, Ami Organics shares were quoting at a premium of Rs 122 over the issue price. In the grey market on Tuesday, Ami Organics shares were trading at Rs 732, a premium of 20 per cent, over the upper end of IPO price band, according to the people who deal in unlisted shares of the companies.
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Google received 36,934 complaints from users and removed 95,680 pieces of content based on those complaints in July, the tech giant company said in its monthly transparency reports released on Tuesday. In addition to reports from users, Google also removed 5,76,892 pieces of content in July as a result of automated detection. The US-based company has made these disclosures as part of compliance with India’s IT rules that came into force on May 26.
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Sensex made a lifetime high of 57124 today and it’s currently trading around the same levels. It is in a strong bullish trend and is headed for 58000 in the next few sessions. Around 58000 we may see some consolidation and profit booking. It has strong support in the 56600-56700 range. Traders can use buy on dips strategy with strict stop-loss in current markets. Gaurav Udani, Founder & CEO, ThincRedBlu Securities
India’s economy is expected to have grown in double digits during the April-June quarter of this financial year, helped by a low base of the previous year. The expected rebound in economic growth would also stand testament to the strong consumer activity, unfazed by the second wave of the covid-19 pandemic. A recent poll of 41 economists conducted by news agency Reuters indicated that the gross domestic product (GDP) rose 20 per cent in the June quarter, compared to the record contraction of 24.4% in the same period a year ago. Meanwhile, the Reserve Bank of India’s Monetary Policy Committee expects June quarter GDP growth to be at 21.4%.
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Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices edged higher in India on Tuesday, on the back of positive global cues. On Multi Commodity Exchange, gold October futures were trading Rs 125 or 0.27 per cent up at Rs 47,289 per 10 gram, as against the previous close of Rs 47,164. Silver December futures were ruling at Rs 63,836 per kg, up Rs 250 or 0.4 per cent. In the previous session, silver futures ended at Rs 63,587.
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The rising equities amid weak FII investment and a jump in COVID cases could be negatives for the Rupee in the near term. The 1/- fall in the USDINR pair over the last two trading sessions doesn’t justify any shift in fundamentals. It is just that RBI had let the market react on a free-float basis. This could be an opportunity for them to make a comeback and pile up their reserves to increase their hedges against hot inflows. Broadly, we are expecting that the recent steep fall in the USDINR pair to get cool down shortly near 73.20-30 levels and bounce back towards 73.80-74.00 in the near term. Amit Pabari, managing director, CR Forex Advisors
Barring Nifty Auto, all the sectoral indices were trading in the positive territory. Bank Nifty gained 0.32 per cent, while Nifty IT was up over 1 per cent.
M&M, L&T, State Bank of India (SBI), IndusInd Bank, Housing Development Finance Corporation (HDFC) and Reliance Industries Ltd (RIL) were among Sensex laggards
A distinguishing feature of this bull market which started in April 2020 is that it has been remarkably stable without any major correction. So, the newbie retail investors who entered the market since April 2020 (1.42 cr new Demat accounts opened in FY21) have been buying every dip, successfully. Now, with the Fed giving a commentary favourable to bulls, momentum is likely to take the Nifty to 17000. The flip side of this relentless bull run is the excessive valuation, which exposes the market to an unexpected sharp correction. This market has proved skeptics wrong, till now. Even while enjoying the party, investors should be prepared for a sharp correction. Partial profit booking is never a bad idea. IT stocks have turned a bit weak, perhaps due to dollar appreciation. But experience tells us that the performance of IT companies depends more on the deal wins than the exchange rate. So dips can be used to buy. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
HCL Tech, Bharti Airtel, Tech Mahindra, Asian Paints, Dr Reddy’s Laboratories, Sun Pharma, Infosys, TCS, Titan Company among top BSE Sensex gainers
BSE Sensex surged 115 points or 0.20 per cent to top 57,000 for the first time ever, Nifty jumped to trade at 16,974.75
BSE Sensex surged 200 points to top 57,000 for the first time ever, Nifty 50 jumped over 50 points to trade at 16,980 in pre-open on Tuesday
Nifty futures slid further in trade, now down 40 points or 0.23 per cent to 16,925 on the Singaporean Exchange, hinting at a negative start for BSE Sensex and Nifty 50 on Tuesday. Investors will keenly watch GDP numbers for the first quarter (April-June) of FY21, which will be released by the Ministry of Statistics and Programme Implementation (MoSPI). Market participants will also watch the oil prices, rupee movement against US dollar and other global cues for further direction.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of petrol and diesel have been left unchanged by oil market companies on Tuesday, for the seventh day straight. Today, petrol in the national capital costs Rs 101.49 per litre, while Diesel in the capital city is retailing at Rs 88.92 per litre. So far this week prices have been cut twice. The price of petrol was cut for the first time in 35 days on Sunday. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
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Indian economic growth likely touched a record high in the quarter through June, reflecting a very weak base last year and a rebound in consumer spending, a Reuters poll found. (Reuters)
While the S&P 500 and Nasdaq hit record highs on Monday. The Dow Jones Industrial Average was up 0.1 per cent, the S&P 500 and the Nasdaq Composite added 0.6 per cent and 0.9 per cent, respectively.
In early trade, Nifty futures were trading 30.50 points or 0.18 per cent down at 16,934 on Singaporean Exchange.
Bulls charged ahead on the first trading session of the week and helped benchmark indices scale fresh all-time highs once again on Monday. On the closing bell, S&P BSE Sensex was at 56,889 while the NSE Nifty 50 sat at 16,931 — their highest ever closing levels. Broader markets mirrored the up-move with certain midcap and smallcap indices outperforming the benchmark indices. Bank Nifty managed to breach the 36,000 mark, gaining 2%. On Tuesday morning, however, SGX Nifty was down with losses, signalling some negative momentum ahead of the day’s opening bell. Global cues were mixed after Wall Street ended mixed and Asian markets slipped.
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