Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market indices BSE Sensex and Nifty 50 turned negative after opening at new record high levels on Monday.
Dodla Dairy shares got listed at Rs 550 per share on NSE, up Rs 122 or 28.50% from the issue price of Rs 428 apiece.
We suggest short-term investors to book profit at ₹977, with gains of 17.8%, and recommend that long-term investors may book partial profit and hold the remaining quantity as the company can perform well in the long run.
The Market opened at all-time high but could not sustain the higher levels and soon lost all the gains.
With the stock lagging on the bourses, global brokerage firm Macquarie Group has reiterated its ‘underperform’ rating on the stock with a 12-month target price of Rs 1,350 apiece, translating to 35% downside potential from the current market price.
At least three research and brokerage firms have recommended to buy Federal Bank stocks, and expect it to rally up to 28 per cent from the current levels.
The issue was reasonably priced at 16.4x FY21 P/E vis-à-vis its peers, which also led to strong interest in the counter apart from its presence in niche space.
Currently, the stock is trading at around 1370 per share and we expect the stock to remain in this range for some time.
Technically Nifty is poised to break above 15900 but it remains to be seen whether it will sustain above that level.
Gold is struggling to build momentum and unless we see fresh positive triggers or a break past the $1800/oz level, gold may remain sideways.
Exporters to sell at the extreme range of 74.40 and importers to buy near 73.90 or wait for the level which may come by 30th June when exporters sell for quarter end.
Shares of the debutant company began trading at Rs 550 per share on NSE, up Rs 122 or 28.50% from the issue price of Rs 428 apiece.
Shares of Krishna Institute of Medical Sciences opened for trading at Rs 1,008 per share, up 22% or Rs 183.9 apiece from the IPO price of Rs 825 per share.
15700-15750 is a good support range for the markets and if we can continue to respect that, every dip can be utilized to accumulate long positions for higher targets.
In today’s session, an “Ascending Triangle” candlestick chart pattern has been formed, whose neckline is resting at 74.25 mark, even if prices breach this mark, there is another hurdle on the higher level of 74.3.3-74.35 where prices can test resistance, so it seems difficult for buyers to take prices at higher levels.
It will be watchful whether RBI shows any intervention for the decline of the rupee with its high reserves and control the losses in the rupee.
Outlook for gold is positive for intraday as US reported below forecast consumer spending figures on Friday and market may shrug off a rise in the US dollar.
BSE Sensex surged above 53,100, gaining over 100 points, to hit a fresh record high.
BSE Sensex surged above 53,000, gaining over 300 points in the pre-opening session.
The Asia-pacific region opening before the Indian markets, has shown steadiness despite the surge in COVID-19 cases due to delta+ variant.
The chart pattern suggests that if Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 16100-16300 levels.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of Petrol and Diesel was left unchanged by oil marketing companies today, taking a breather after two consecutive hikes.
“This week marks the beginning of the new month also, so participants will be eyeing the high-frequency indicators like auto sales and manufacturing PMI during the week.
Krishna Institute of Medical Sciences and Dodla Dairy, which recently concluded their initial public offerings, will make debut on the stock exchanges on Monday, information with bourses showed.
Ahead of the first trading session of the week, SGX Nifty was trading in the green, hinting at some positive momentum for domestic equities.