Sectorally, the Nifty Pharma index ended 2 per cent higher while the Nifty Auto, IT, Metal, and FMCG indices were up in the range of 0.6-1.2 per cent.
The breakout on Thursday, 15th April above the resistance level of the Nifty50 Index level of 14500 is positive from a short-term perspective.
Further, midcap and small cap indices outperformed broader indices today as recent fall in the space made investors to do bargain trading in quality midcap and small cap space.
“After reading the new methodology and analysing the numbers we continue to believe Adani Group of stocks hold high probability of getting included in MSCI Standard Index in May Review which will get announced on May 12, 2021,” they said.
The company’s Board of directors has declared the dividend of Rs 2 which is subject to the approval of shareholders in AGM.
This note is our first in the series where we have analysed the on ground situation in e-2W space based on our interaction with Ather, Hero Electric and channel partners operating in this segment.
We also expect PVC resins prices to cool off 2QFY22 onwards, which should be positive for demand from the price-sensitive agri segment.
The rise in the number of COVID-19 cases, fear of the next wave coupled with rising inflation in the US, lower yields, weak US Dollar, and the QE program by the US government has also provided strength to the gold prices.
after a positive retail sales and weekly jobless claims market participants will keep an eye on housing data and inflationary expectation from the U.S.
Besides Titan Company, Rakesh Radheshyam Jhunjhunwala’s stake in VIP Industries fell to 32.73 lakh shares or 2.32 per cent in Q4, with only wife Rekha Jhunjhunwala’s name among the key shareholders.
The main object This Investment will provide Quess full and complete ownership over Conneqt, allowing it to better realize synergies between its various divisions, Conneqt and Allsec and It will strengthen Quess’ position to accelerate growth in the IT/ITES space,” said Yash Gupta Equity Research Associate, Angel Broking.
Now, as the second wave of covid-19 wreaks havoc, Dalal Street is expected to witness market volatility and correction, paving the way for investors to add cyclical stocks on dips, said domestic brokerage firm Motilal Oswal in a recent note.
The failure rates of auto-debit transactions on the National Automated Clearing House .
Wipro share price surged as much as 9.5 per cent to Rs 471.75 apiece, a fresh 52-week high, on BSE on Friday, a day after the IT firm posted the best results in the last 10 years.
Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February 23, 2021, in the previous session.
Data available on the stock exchanges show that Rakesh Jhunjhunwala bought 5 lakh shares of the company during the previous quarter, taking his stake in the company to 25 lakh equity shares.
Sensex jumped 200 points on Friday to regain 49,000.
And hence, the ‘carry trade’ which was seen unwinding heavily over the last two weeks could be seen returning again on rising domestic recovery prospects, weaker US dollar despite strong US data, and RBI’s active intervention to curb volatility.
Today Petrol price in Delhi is Rs 90.40 per litre, 16 paise cheaper than yesterday, while Diesel prices were at Rs 80.73 per litre, down 14 paise.
Gold has benefitted from a decline in the US dollar index and bond yield on the back of Fed’s dovish monetary policy stance.
BSE Sensex and Nifty 50 may open flat with some positive bias on Friday, after ending over half a per cent up in the previous session.
On Friday morning, SGX Nifty was trading in the negative, hinting at a gap-down start for equity markets.
The Dow industrials closed above 34,000 for the first time on Thursday as the blue-chip benchmark and S&P 500 posted fresh record highs on a tech stock rally fueled by falling bond yields and strong March US retail sales, according to Reuters.
Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that unit to be in the range of USD 2,195 to USD 2,238 million in the June 2021 quarter.