Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading half a per cent up on Tuesday, on the back of positive global cues. BSE Sensex was hovering around 52,590, while the broader Nifty 50 index was ruling near 15,800. ICICI Bank, Bajaj Finance, Mahindra & Mahindra, NTPC, Maruti Suzuki India, State Bank of India (SBI), Housing Development Finance Corp (HDFC) were among top index gainers. IT stocks such as Tech Mahindra, Infosys and HCL Technologies were among top Sensex losers. Barring Nifty IT index, all the sectoral indices were trading in the green, led by gains in Nifty Realty and Nifty PSU Bank indices. Nifty IT index fell 0.03 per cent.
The index of industrial production (IIP) grew 29.3 per cent on-year in May, driven mainly by a favourable base. While retail inflation unexpectedly dropped in June to 6.26 per cent from a six-month high of 6.30 per cent in May but still stayed above the Reserve Bank of India’s (RBI’s) tolerance level for a second straight month, as price pressure remains elevated across food and fuel segments. The country’s factory output witnessed a growth of 29.3 per cent on-year to 116.6 during the month of May.
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were seen struggling on Tuesday, as yellow metal in global markets steadied after hitting a one-week low in the previous session. On Multi Commodity Exchange, gold August futures were trading Rs 59 up at Rs 47,833 per 10 gram, as against the previous close of Rs 47,774. Silver September futures were ruling at Rs 69,490 per kg, up Rs 115 or 0.8 per cent.
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For the day, Indian Rupee is likely to trade in the tight range of 74.30-74.70 as inflows could restrict depreciating moves and recovery in the US dollar could limit the gains. Broadly, the USDINR pair is expected to trade in the sideways zone range of 74.20 to 74.90 for few more weeks. The positives for the Rupee could be only IPO, but the weight that is heavier as after Rs. 80,000 crore worth of issues in July, now LIC and Paytm is going to hit the market soon. The negatives for Rupee are a stronger US dollar, higher crude oil prices, weaker domestic fundamentals, and expectation of a higher fiscal deficit. Overall, tug of war likely to continue between positives and negatives until the USDINR pair breaks 74.90 over the medium term to set 75.20-75.50 targets. Amit Pabari, managing director, CR Forex Advisors
Barring Nifty IT index, all the sectoral indices were trading in the green, led by gains in Nifty Realty and Nifty PSU Bank indices. Nifty IT index fell 0.03 per cent
IT stocks such as Tech Mahindra, Infosys, and HCL Technologies were among the top Sensex losers
ICICI Bank, Bajaj Finance, Mahindra & Mahindra, NTPC, Maruti Suzuki India, State Bank of India (SBI), Housing Development Finance Corp (HDFC) were among top index gainers
BSE Sensex was trading 202 or 0.4 per cent up at 52,574, while the broader Nifty 50 index was ruling at 15,796.25, up half a per cent
Tava Chintan Pharma Chem will launch its Rs 500-crore IPO at a price price of Rs 1073-1083 per share. The isse will open on July 16 and close on July 20, 2021. The public issue comprises fresh issue of shares worth Rs 225 crore and offer-for-sale (OFS) worth Rs 275 crore by existing promoters and shareholders. The issue will open for anchor investors on Thursday, 15 July, one day prior tto the opening date for the public offer. Equity shares are proposed to be listed on BSE and National Stock Exchange.
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Tava Chintan Pharma Chem will launch its Rs 500-crore IPO at a price price of Rs 1073-1083 per share. The isse will open on July 16 and close on July 20, 2021. The public issue comprises fresh issue of shares worth Rs 225 crore and offer-for-sale (OFS) worth Rs 275 crore by existing promoters and shareholders. The issue will open for anchor investors on Thursday, 15 July, one day prior tto the opening date for the public offer. Equity shares are proposed to be listed on BSE and National Stock Exchange.
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Tava Chintan Pharma Chem will launch its Rs 500-crore IPO at a price price of Rs 1073-1083 per share. The isse will open on July 16 and close on July 20, 2021. The public issue comprises fresh issue of shares worth Rs 225 crore and offer-for-sale (OFS) worth Rs 275 crore by existing promoters and shareholders. The issue will open for anchor investors on Thursday, 15 July, one day prior tto the opening date for the public offer. Equity shares are proposed to be listed on BSE and National Stock Exchange.
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Nifty futures surged higher and were trading 137.50 points or 0.88 per cent up at 15,825.50 on Singaporean Exchange. Market participants will first react to IIP and CPI inflation data, that were released post market hours. Moreover, investors will watch first-quarter earnings of FY22, stock-specific development, pace of vaccination drive, new delta variant of COVID, rupee movement against US dollar and crude oil prices.
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Mobikwik aims to raise up to Rs 1,900 crore through its initial public offering (IPO), preliminary documents filed with Sebi on Monday showed. The offer consists of fresh issuance worth Rs 1,500 crore and a Rs 400-crore offer for sale (OFS) by a clutch of existing shareholders, including founders Bipin Preet Singh and Upasana Taku.
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In overnight trade on Wall Street, US stock indices closed at their highest levels ever. The Dow Jones Industrial Average rose 0.36 per cent, the S&P 500 gained 0.35 per cent, while the Nasdaq Composite climbed 0.21 per cent.
Asian stock markets were trading higher in early trade, with Japan’s Nikkei 225 gaining 0.75 per cent while the Topix index advanced 0.72 per cent. South Korea’s Kospi climbed 0.6 per cent.
Retail inflation unexpectedly dropped a tad in June to 6.26% from a six-month high of 6.30% in May but still stayed above the Reserve Bank of India’s (RBI’s) tolerance level for a second straight month, as price pressure remains elevated across food and fuel segments.
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The index of industrial production (IIP) grew 29.3% year-on-year in May, driven mainly by a favourable base. However, the IIP in May was 13.9% lower than the pre-pandemic level (the same month in 2019). It also witnessed a sequential moderation in the wake of the localised lockdowns, suggesting a sustained industrial recovery is still far.
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