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 crosses 57,100 for the first time ever, Nifty jumped to trade at 16,995. 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.
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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