Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity benchmark indices reached fresh all-time highs on Friday but failed to hold and scaled lower as the day progressed.
After scaling fresh all-time highs on Friday morning, Sensex and Nifty trimmed some advance but managed to close the day’s trade in the positive territory.
Bajaj Finance share price gained as much as 2.3 per cent to hit a record high of Rs 6,228.60 apiece in intraday on BSE.
With a few minutes left before the day’s closing bell, Bank Nifty was still trading in the red.
India VIX, the volatility index, was down 6% on Friday.
We expect the recovery to sustain over the upcoming 12 to 18 months, strengthening TCL’s debt/EBITDA leverage to comfortably below 4.5x and EBITA margin towards 20%,” says Kaustubh Chaubal a Moody’s Vice President and Senior Credit Officer.
By the end of Q1 2021, the POS terminal count came down from all-time high figure of 6.03 million in January 2021 to 4.72 million in March 2021.
“We also believe that the sector likely should command a valuation premium to the broader market given the improving quality of companies within the space — a growing number of recurring revenue sources, strong balance sheets and strong overall EBITDA margins — and their growth characteristics,” he added.
IT sector valuations on Wall Street now seem to be receding to reasonable levels, after having remained elevated early in 2021, according to Jonathan Curtis Research Analyst, Portfolio Manager, Franklin Equity Group.
Coal India share price surged as high as 5.4 per cent to Rs 164.90 apiece in intraday on BSE, taking the total market capitalisation above Rs 1 lakh crore.
Hopes of a quick economic revival post unlock and expectation of large number of adult population vaccinated in 2021, are keeping markets excited.
“Markets have moved from resilience to exuberance as Bulls continue to march towards mount 16,000 in Nifty with sector rotation & earnings keeping the momentum alive.
Even though the 5% consumer inflation print in May came worse than the consensus estimate of 4.4 % the market shrugged it off & the S&P 500 touched record highs.
Positive global markets & reducing Covid cases along with the easing of lockdown in several states has ensured that broader indices like BSE Sensex & Nifty have hit another all-time high today.
The index has good support at the 15600 levels and until we do not disrespect this level on a closing basis, the overall trend remains bullish,” Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.
Dodla Dairy will enter Dalal Street next week to raise Rs 520 crore through an initial public offering , comprising of a fresh issue of equity shares and an offer for sale by existing shareholders.
On Multi Commodity Exchange, gold August futures were trading Rs 52 up at Rs 49,250 per 10 gram, as against the previous close of Rs 49,198.
Overall we are quite bullish on markets and believe that any significant dip is a good opportunity to accumulate quality stocks,” said Mohit Nigam, Head, PMS – Hem Securities.
Long build up in Nifty futures, Unwinding seen in the Bank Nifty Futures & Put writing at 15700 Indicates that one should be optimistic for the markets.
Broad-based recovery along with improving internals suggest more upside for Nifty.
The maximum PUT open interest was seen at 15,700 strike, implying a support for Nifty 50 at 15,700 level.
Amid all this, we reiterate our bullish view and suggest using dips or further consolidation to accumulate quality stocks,” said Ajit Mishra, VP – Research, Religare Broking.
“The short term uptrend status of Nifty remains intact and the recent weakness is expected to be overtaken in the short term.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hiked once again today, after a short one-day pause.
Nifty futures were trading in the green, up 28.25 points at 15,785.80 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Friday.