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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets were trading with gains on Monday. S&P BSE Sensex soared past 52,900 mark while Nifty 50 was above 15,850 — both jumping over 0.70%. Bank Nifty was just shy of 34,800 gaining 0.60%. Broader markets were mirroring were up in the green with midcap and smallcap indices outperforming benchmarks. India VIX was up 1%. Titan, up 3.4% was the top Sensex gainers, followed M&M, Axis Bank, Reliance Industries, and IndusInd Bank. Tata Steel, Power Grid, Tech Mahindra, and NTPC were the worst-performing stocks.
Dalal Street investors will be closely watching the Reserve Bank of India’s Monetary Policy Committee meeting scheduled for later this week. IPO rush continues for domestic investors with four fresh offerings opening for subscription this week. Windlas Biotech, Krsnaa Diagnostics, Exxaro Tiles, and Devyani Internation will all open for subscription on August 4. Recent IPO listings on the bourses have helped investors pocket handsome returns despite the range-bound movement in benchmark indices, hence eliciting more interest from investors for IPOs.
All Nifty sectoral indices were up with gains, except the Nifty Media index. Nifty Realty index was up 4.9%, followed by Nifty PSU Bank Index.
Titan, up 3.4% is the top Sensex gainer on Monday, followed by Mahindra & Mahindra, Axis Bank, and Reliance Industries.
Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) both increased their holdings in nearly half of Nifty 50 companies during the April-June quarter. Foreign institutions were net buyers of 27 companies or 54% of Nifty 50 stocks while domestic investors increased stake in 25 out of the 50 firms. During the April-June quarter, the Nifty 50 index gained 6%, underperforming the broader Nifty 500 index. However, on a year-to-date basis, the Nifty 50 has surged 13% so far.
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PB Fintech Ltd, the parent of Indian online insurance platform Policybazaar, has filed the draft red herring prospectus (DRHP) with capital market regulator SEBI to launch Rs 6,017.5 crore IPO. PB Fintech Ltd, Policybazaar’s parent, will issue fresh shares worth Rs 3,750 crore and an offer for sale (OFS) of shares worth Rs 2,267.5 crore. The SoftBank Group Corp.-backed startup may consider a private placement of Rs 750 crore, according to DRHP. The OFS will see sale of up to Rs 1,875 crore worth of shares by SVF Python II (Cayman) and up to Rs 392.50 crore by others.
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Short build up in the Nifty and Bank Nifty Futures, Call writing at 15800-15900 levels and long unwinding by FIIs in the Index futures segment Indicates that one should remain cautious for the markets. Therefore, our advice is to use any rally to prune long positions and wait for Nifty to close above 15900 levels for building aggressive long positions. On the lower side 15700-15750 level will act as immediate support where Puts have been written.
~ HDFC Securities
India VIX, the volatility gauge was up 1.54% on Monday while benchmark indices soared higher.
Paying home loan EMIs is a long-term commitment as it may span anywhere between 10 and 30 years. The financial situation of the borrower may see a huge change over the years. So, it’s always better to keep flexibility while entering into a contract with the lender. Your aim should be to complete the loan as early as possible through prepayments but still scout for EMI paying options while selecting the lender.
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Krsnaa Diagnostics Rs 1,213-crore IPO will open for subscription on Wednesday, 4 August 2021, at a price band of Rs 933-954 per share of face value of Rs 5 each. The public issue comprises a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of up to 85.25 lakh equity shares by existing selling shareholders.
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Zomato’s share price continues to gain as it enters the second week of trade since its blockbuster listing on the stock exchanges. Valuations might be considered freakishly high by some but analysts at global brokerage and research firm Jefferies are taking none of it as the brokerage firm initiates coverage of Zomato with a ‘buy’ rating and a target price of Rs 170 per share. “Valuation for Zomato at c.15x FY23 EV/gross sales compares with 2-12x for regional/global peers, which has to be viewed in the context of a longer growth runway, premium enjoyed by Indian stocks across consumption categories & scarcity premium,” Jefferies said in a report.
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After slipping into contraction for the first time in 11 months during June, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) moved back above the critical 50.0 threshold in July. The headline figure was up from 48.1 to 55.3, pointing to the strongest rate of growth in three months.
Bank Nifty was up 0.57% on Monday, sitting at 34,782 points. Bandhan Bank, Axis Bank, and PNB were the top gainers.
“The index has opened with a hearty enthusiasm this morning and is trading closer to the 15900 level. This has happened multiple times and it always ends up retracing from there. If the markets can manage a close above 15960-15970 (which was the high of July 16th), we can break out of the current range and aim at achieving 16200. The current support for the Nifty has been upgraded to 15700 so until we do not break that on a closing basis, we are in bullish terrain,” said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.
Glenmark Life Sciences is likely to finalise the IPO share allotment on Tuesday, 3 August 2021. The Rs 1,513.6-crore public issue was subscribed 44.17 times, and was sold at a price band of Rs 695-720 per share. In the primary market on Monday, Glenmark Life Sciences shares were quoting at a premium of Rs 100. The shares were seen trading at Rs 820 apiece, a 14 per cent premium over IPO price, according to the people who deal in shares of unlisted companies.
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Commodity prices traded higher with most of the commodities in non-agro segment ended in green for the week supported by weaker dollar. Bullion prices gained on dovish FED while crude oil prices rallied on string demand outlook. Base metals traded higher on lower supply concerns and fall in dollar.
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Maruti Suzuki India, Axis Bank, Titan, and Infosys were some of the top gainers on Sensex during the initial minutes of trade.
Domestic stock markets started Monday’s trading session with gains. Broader markets mirrored benchmark indices. India VIX was up in the green.
Sensex has ended the pre-open session just above 52,900 while the Nifty 50 has regained 15,800.
Sensex and Nifty were up in the green during the pre-open session on Monday morning. Nifty regained 15,800 while Sensex was just below 53,000.
“Nifty is expected to open with a gap up of 120 points at 15880, the next level to watch for nifty is 15900 above which nifty can head to 15950. Nifty has support at 15700 and 15730 levels. Nifty has been trading in a range since last month and a breakout with higher than average volume will decide the next direction for it. Fresh longs are suggested on closing above 16000,” said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.
US markets pulled back on Friday last week with the Dow Jones closing a shade below 35,000 mark. This has made a Doji structure on the major US Indices on weekly basis making the setup indecisive. Nikkei 225 is leading the recovery in Asia up by 1.5%.
SGX Nifty surged higher in trade, gaining 119 points or 0.75 per cent at 15,893 on Singaporean Exchange. BSE Sensex and Nifty are set to a gap-up opening on Monday, following a week of losses. Last week, the 30-share BSE benchmark dipped 388.96 points or 0.73 per cent. A host of factors such as macroeconomic data, quarterly earnings, RBI MPC, pace of vaccination, auto sales numbers, the progress of monsoon, COVID-19 trends and other global trends will be keenly watched.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of Petrol and Diesel have now been left untouched by oil marketing companies for the sixteenth consecutive day. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since the rates started increasing more than 2 months back. 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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Punjab National Bank (PNB), Varun Beverages, Housing Development Finance Corporation, Emami, Castrol India, Carborundum Universal, RBL Bank, CG Power and Industrial Solutions, Balaji Amines, Shree Renuka Sugars, Capri Global Capital, Orient Cement, Kalyani Steels and Nahar Spinning Mills, others will announce their quarterly earnings on 2nd August.
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“Markets have been consolidating in a range i.e. 15,450-15,900 for the last two months and the trend may endure until we see alignment between Nifty and the banking index. While index majors from other sectors are helping the index to hold at higher levels, participation of the banking pack is critical for any sustainable directional move. Meanwhile, we reiterate our view to focus on themes that are currently playing out well and select stocks accordingly,” said Ajit Mishra, VP Research. Religare Broking
Gross goods and services tax (GST) collections came in at an impressive Rs 1.16 lakh crore in July (largely June transactions), up a third on year and a quarter on month, reflecting a smart economic recovery after the second Covid-19 wave. That in the first 25 days of July, the average daily e-way bill generation was 8.8% higher than the level in June and 54% higher than in May indicates the August collections (from July sales) could be even higher.
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Foreign portfolio investors (FPIs) pulled out a net Rs 6,105 crore from the Indian capital markets so far in the ongoing financial year amid the pandemic and resultant restructions in many parts of the country. The equity benchmark BSE Sensex has jumped 3,077.69 points or 6.21 per cent during April-July this fiscal.
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Windlas Biotech, Krsnaa Diagnostics, Exxaro Tiles, and Devyani Internation will all open for subscription on August 4. IPOs have been flooding Dalal Street in recent weeks. Strong listing gains have increased investor’s interest in public offerings.
