Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices failed to continue their upward march on Tuesday, as Sensex and Nifty closed in the red.
S&P BSE Sensex ended 109 points lower at 60,029 while NSE Nifty 50 dropped 40 points to end at 17,888. Maruti and NTPC were the top gainers on Sensex, followed by Titan, SBI, and Larsen & Toubro.
The rate of interest is running at the lowest levels and major Central banks can not increase as the current situation is required more jobs, more support to the economy.
In terms of volume, Tata Power was the most active stock on NSE while Tata Motors led the way in terms of value.
Kotak Securities has revised its Annual Maintenance Charges – DP charges for customers who have holdings of less than Rs 10,000 having to pay zero AMC charges going forward.
White Oak Capital group has today announced completion of the transaction to acquire the mutual fund business of YES BANK.
RIL partly paid-up shares are trading at Rs 1,879 per share today, while the fully paid-up shares of the oil-to-telecom conglomerate of Mukesh Ambani are trading at Rs 2,521 per share.
With the end to the CAPEX cycle, the favorable outlook in the medium term, and sufficient capacity in place, we believe RKFL volumes would be able to post volume CAGR of 29% over FY21-23E.
State-run power giant NTPC on Tuesday said its 80 MW solar power generation capacity at Jetsar in Rajasthan has stared commercial operations from October 22, 2021.
Technically speaking, Nifty has precisely closed at the ‘200-SMA’ on the hourly chart and not far from here, we can see previous important support zone of 18000 – 18100, which is now likely to act as strong resistance.
The influx of liquidity has gone into riskier assets like equity and property which helped those assets give high returns leaving precious metals like Gold and Silver struggling to find momentum.
The big bull Rakesh Jhunjhunwala has been a shareholder of Titan for over a decade and his stake in the company is the largest among his portfolio.
“The 258-point surge in Nifty yesterday, despite massive sustained selling by FIIs for several days, has again proved that FII selling can impact the market only in the short run.
In the last session, BSE Sensex rallied 831 points or 1.40 per cent to 60,138.46, while NSE’s Nifty 50 index surged 258 points or 1.46 per cent to 17,930.
This may lead to pull back rally upto 18200-18250 levels and if market sustains at these levels we can again witness levels of 18500 in near term,’ said Mohit Nigam, Head – PMS, Hem Securities.
The Call writer’s positions are still lower than Put writer’s which means the declines in the index should be arrested and it should be a more stock specific market.
“Nifty is expected to open flat around yesterday’s close at 17930.Nifty has support at 17600 and 17450 levels and resistance at 17950 and 18050 levels.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of petrol and diesel were increased by oil marketing companies for the seventh day straight on Tuesday.
18033-18098 is the next band of resistance while 17799 is the support,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
The primary market saw 3 new IPOs open yesterday while Nykaa’s issue closed and Fino Payments Bank’s IPO saw decent interest from investors.