Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: BSE Sensex fell 85 points while Nifty 50 ended flat with a positive bias on Wednesday.
We expect states to act swiftly and adopt the law, have the necessary regulatory structure in the form of state tribunals to adjudicate on the required matters and provide a common framework across the country.
The move will help address the high number of vacant residential units in India, which is over 11 million houses, making it economically productive, reducing litigation, and encouraging trust between the landlord and the tenants.
A good support lies at 15300 and as long as that level holds on a closing basis, the market trend is in the hands of the bulls.
Global cues, monsoon progress, inflationary concerns and tackling the COVID-19 pandemic, will continue to be the key drivers for the markets in coming weeks.
The Reserve Bank’s rate-setting panel, Monetary Policy Committee , began its three-day deliberations on Wednesday amid expectations of a status quo on benchmark rate mainly on account of uncertainty over the impact of the second wave of COVID-19 pandemic.
The major area of concern is the VIX which stands at one of its lowest levels of the recent months; the present levels were seen only in the early 2020.
“In the short term, if GREED & fear had to favour one area of the cyclical trade the most it would be oil stocks,” the Global Head said in his weekly newsletter.
This is just a minor profit booking after seeing a good move recently and importantly after reaching record highs.
We expect MPC to persist with its accommodative policy stance, keep abundant system liquidity and strive for an orderly evolution of yield curve via GSAP, OMOs and OTs Churchil Bhatt, EVP & Debt Fund Manager, Kotak Mahindra Life Insurance Co.
Lupin share price surged as high as 4.7 per cent to Rs 1,266.35 apiece in intraday deals on BSE, in an otherwise weak market.
While overall trade activity took a leg down in May, the disruption to trade flows has been significantly less during the current lockdown compared with the 2020 lockdown.
With the second phase of the pandemic impacting consumption and growth, the MPC will likely maintain status quo on policy rates, continue with an accommodative policy stance and ensure adequate liquidity in the system – all in an effort to stimulate growth.
Low-interest rate in the economy has been a very strong supportive factor for the bounce back in the housing sector, witnessed before the second wave of COVID 19.
With the second wave of COVID – 19 that has brought about a new phase of economic uncertainties, we expect RBI to remain growth supportive and leave the policy interest rates unchanged in the upcoming policy.
Venkata Subramaniam, senior principal, corporate accounting, Infosys; and Pranshu Bhutra, senior corporate counsel, Infosys; along with six other entities have been banned from buying or selling stocks until further orders.
Paytm stock has almost doubled in the unlisted market to up to Rs 24,000, according to the people who deal in shares of unlisted companies.
In the upcoming Credit policy, RBI has a tough task at hand, navigating between galloping commodity prices, which raise inflationary expectations – and the unpredictable impact of the lockdowns on employment, production and general welfare in the real economy.
ITC share price fell 2% on Wednesday morning to trade at Rs 210 per share, after the company reported a fall in fiscal quarter net profit, largely in line with expectations.
Rupee which had appreciated more than 3% in the month of May, is signaling that it can again start depreciating in upcoming days due to MSCI Rebalancing outflow, rising crude price above $70 per barrel and RBI’s buying aggressively buying between 72.30 to 72.50 levels.
Since there is a good support at 15300, every dip or intra day correction can be utilized to accumulate long positions.
Gold prices fell in India on Wednesday on the back of muted international trends, where yellow metal retreated from a 5-month high on rise in bond yields.
The Nifty 50/ Sensex 30 Index has closed below 15600/52000 which indicates day traders may take a cautious stance near all-time high level.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were kept unchanged on Wednesday across major cities.
S&P BSE Sensex settled at 51,934 while the 50-stock NSE Nifty ended the day at 15,574, after hitting a record high of 15,660 during the day.
India’s petrol and diesel sales fell by about 17 per cent in May from a month ago as restrictions clamped to curb the world’s worst outbreak of coronavirus infections stifled demand.
In overnight trade on Wall Street, the S&P 500 fell on Tuesday with declines in healthcare and tech shares.
According to the Centre for Monitoring Indian Economy data, barring April, May and June last year, the monthly unemployment had never breached the double-digit mark at least since January, 2016.