Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading down on Monday amid mixed cues from their Asian peers.
The Rs 909-crore IPO of Shyam Metalics and Energy has fixed price band at Rs 303-306 per share for the IPO.
Sona BLW Precision Forgings’ by existing shareholders worth Rs 5,250 crore, including Blackstone’s affiliate Singapore VII Topco III Pte Ltd.
Gold may remain under pressure amid firmer US dollar however a sharp fall is unlikely as Fed is likely to maintain a dovish stance.
The near-standstill in industrial activity due to the national lockdown in Apr’20 created an extremely subdued base, leading to explosive growth in Apr’21, de- spite a re-imposition of restrictions in Apr’21 due to the second wave.
Latest GDP print indicates economic recovery is led by investments as the real investment rate rose to a 2-year high of 34.3% driven by robust construction and manufacturing sector along with higher government spending.
Recently we have noticed that recovery in dollar and bond yield put pressure on gold prices and fade out the Gold demand as safe-haven demand.
As dollar has appreciated in the early Asian trading session, the outlook for gold is bearish for intraday.
Should the FOMC not un-nerve markets, we would look for gold to be pushed higher, but ahead of the decision, volatility is keeping the dollar afloat.
The index continues to be nervous at higher levels; 15700-15800 is posing to be a resistance and this has happened multiple times over the last few trading sessions.
Overall, after benefiting the importers with lower spot and premium, the market is slightly turning in favor of the exporters where higher spot could offset lower premium a bit.
The stock has seen significant trading in the last few weeks, even hitting upper circuits after the resolution plan was approved by the National Company Law Tribunal.
On expected lines, small cap index scaled to fresh all time high supported by faster retracement as nine quarters decline retraced in just five quarters, indicating structural improvement.
The chart pattern suggests that if Nifty crosses and sustains above 15850 level it would witness buying which would lead the index towards 15950-16100 levels.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hikes once again today, after a brief one-day pause.
However, carrying the momentum forward might face some hurdles with SGX Nifty sitting down in the negative territory, hinting that Dalal Street might face some hurdles in carrying forward the positive momentum.