Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading volatile on Tuesday.
The portion reserved for retail investors saw 1.03 times subscription, while the reserved portion of non-institutional investors was subscribed just 3 per cent, and qualified institutional buyers have put in bids for 76.70 lakh shares against 2.63 crore shares reserved for them.
On Tuesday, Sapphire Foods shares were ruling at Rs 1,305, up Rs 125 or 10.6 per cent over the issue price, in the grey market, according to the people who deal in unlisted shares of the companies.
On Multi Commodity Exchange, gold December futures were trading weak at Rs 48,009 per 10 gram, while silver December futures were ruling at Rs 64,774 per kg, down Rs 107.
However, on the back of IMF’s suggestion of lower interventions to India’s Central bank, it will be watchful if RBI jumps in or let the rupee flow through the market.
If we can sustain this for today, buy signals would allow the Nifty to scale higher to 18400 and then to 18600.
Nifty futures added fresh long positions while Bank Nifty shed OI indicating short-covering plus exit of weak hands.
On the other hand, FED intact its previous outlook on bond tapering and interest rate hikes which supported the Gold and Silver prices.
18050 to 18100 may act as a resistance zone while 17950 and 17800 will act as support levels.
39700 would be the next intraday breakout level for the day traders and above this level, the uptrend momentum will continue up to 40,000-40,100.
If Nifty is able to sustain above 18,000-18050 levels the Index can move towards 18250-18400.
Upside breakout of the current range at 18060-18100 levels could open further upside towards the next resistance of 18250-18350 levels in the next few sessions.
Nifty advanced for the second straight day with higher volumes and a positive advance-decline ratio.
Nifty futures turned red in early trade, falling 12.50 points to 18,125 on Singaporean Exchange, suggesting a weak start for BSE Sensex and Nifty 50.
The benchmark indices staged a sharp recovery on Monday, led by advances in technology, automobile and financial stocks.
The portion reserved for retail investors saw 73 per cent subscription, while the reserved portion of non-institutional investors was subscribed just 2 per cent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares reserved for them.
Asian peers were seen trading in green, following overnight gains on Wall Street that took the major indexes to record closing highs.