Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices snapped their 3-day gaining streak to end with losses on Friday. S&P BSE Sensex tanked 722 points from its all-time highs while Nifty 50 fell 208 points to end at 59,015 and 17,585, respectively. Broader markets also closed with losses while the volatility gauge soared more than 5%. Entering the first trading session of the day, SGX Nifty was down 140 points, hinting at a gap-down start to the day’s trade. Cues from global peers were negative as Wall Street equity indices closed in the red during the previous session. Hang Seng was trading with losses while Japan, South Korea and Chinese markets remained closed.
Shapoorji Pallonji Group’s consumer durables business, run under the Eureka Forbes label, will be taken over by US-based private equity fund Advent International in a Rs 4,400 crore deal. The Shapoorji Pallonji Group, on Sunday, said that Advent International will acquire a controlling stake of 72.56% in the business. According to the contours of the deal, Eureka Forbes will be demerged into a standalone company and then will be listed on the BSE. Upon its listing, Advent will acquire the majority stake from SP Group, following which the PE firm will make an open offer as per the SEBI takeover code. The deal will help the SP Group pare some of its debt.
Sensex trades flat with a negative bias, but still below 59,000. Nifty 50 was hovering 17,550.
Commodity prices traded lower with most of the commodities in non-agro segment witnessed selling except Crude oil. Bullion prices traded lower on a stronger dollar and FED tapering expectations. Base metals traded down on weak China cues amid real estate crisis and lower demand. Crude oil prices extended weekly gains on higher demand outlook and lower supply from Gulf of Mexico.
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“Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the federal reserve which is likely to take another step toward tapering. US Stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the delta COVID variant, and possible shifts in the US Federal Reserve’s timeline for tapering asset purchases. Ten-year Treasury yields have risen ahead of the Fed meeting this week where policy makers are expected to start laying the groundwork for pairing stimulus .Oil down on stronger greenback, rising US rig count. Iron ore will be closely watched after falling below $100 a metric ton for the first time in more than a year. Stock specific actions can be witnessed in stocks such as Sobha Ltd (Chief Financial Officer Subash Mohan Bhat has resigned. He will continue in his position till a new CFO is appointed) Bajaj Holdings (Board has approved an interim dividend of Rs 90 per equity share. The record date for the interim dividend will be Sept. 29, 2021). Crucial support for Nifty 50 is 17,300 while Nifty may face some resistance at 17,600,” said Mohit Nigam, Head – PMS, Hem Securities.
Sensex and Nifty started the day’s trade deep in red. Sensex slipped below 59,000 mark while Nifty was near 17,450.
“Nifty is expected to open with a gap down of 150 points around its support zone at 17450. Traders need to be cautious and need to keep a strict stoploss. Any close below 17400 may take Nifty up 17250. Trend in Nifty is bullish and shorts are not advised as long as it is trading over 17200,” said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.
Sensex was down near 58,632 during the pre-open session while Nifty was just shy of 17,450 mark. Benchmark indices look set to open with losses on Monday.
Sensex was down more than 300 points in pre-open session while Nifty 40 was nearing 17,400 during the pre-open session.
Nifty futures extended losses, were now trading 162 points or 0.92 per cent down at 17439.50 on the Singaporean Exchange. BSE Sensex and Nifty 50 were set to witness a gap-down start today. Analysts say that the constitution of a ‘Bad Bank’ is a positive development as the focus remains on faster resolution of stressed assets, which will improve the balance sheet of the banks. “Valuations are not comfortable and hence could lead to bouts of profit booking. The weak global cues on account of worry over slower economic growth and rising Delta variant cases globally would market oscillating between greed and fear,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said.
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Nifty futures tanked 134.50 points or 0.76 per cent in the early trade on Singaporean Exchange, suggesting a gap-down start for BSE Sensex and Nifty 50 for Monday. Equity benchmarks surged to their fresh lifetime peaks on Friday. During the last week, the 30-share BSE benchmark jumped 710 points or 1.21 per cent. With no major domestic macroeconomic data announcement this week, investors would keenly track the US Fed interest rate decision and other global trends to decide its further movement. Moreover, market participants would also track foreign institutional investors movement, rupee-dollar trend, brent crude, and other global cues.
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Nifty 50 traded in a band of almost 200 points between September 6 and September 14 without giving any meaningful indication. On September 15, the Benchmark index finally witnessed a breakout on the higher side of a narrow range consolidation pattern and continued to trade higher for the next couple of trading sessions and registered its lifetime high of 17792 on September 17.
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SGX Nifty was down 140 points ahead of the opening bell. Nifty futures trading deep in red ahead of the opening was hinting at a negative start for domestic markets.
The Shapoorji Pallonji Group on Sunday announced the sale of its consumer durables business under the Eureka Forbes label to American private equity fund Advent International. Under a Rs 4,400-crore deal, the PE firm will acquire a controlling stake of 72.56% in the business, which will come under a standalone company.
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