Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets were deep in red on Friday afternoon as bears ran riot on Dalal Street.
Telecom operator Bharti Airtel on Friday said it has paid Rs 15,519 crore to the government towards prepayment of its entire deferred liability pertaining to spectrum acquired in the 2014 auction.
The Index continues to make fresh lows, as it remains below 17,500-17,400 zone.
Bharti Airtel today said that it has paid Rs 15,519 crores to the Department of Telecom of the Government of India, towards prepayment of the entire deferred liabilities pertaining to the spectrum acquired in the 2014 auction.
We have a Subscribe rating on Supriya Lifescience Limited IPO, IPO has been priced at an EV/EBITDA of 11.2 times and price to earnings of 16.2 times at the upper price band of the IPO.
Fund houses poured in a total of Rs 4,050 crore in major offerings such as PB Fintech, Paytm, and Go Fashion among others, data sourced by Edelweiss Alternative Research showed.
“US Fed’s pivot towards an hawkish stance and an aggressive timeline for tapering of asset purchases as well as rate hikes will in the near term shape the trajectory of markets, rupee and global flows.
Due to last couple of days’ price development, 17200 has now become a key support and the moment we see market sustaining below it, the recent downtrend will certainly get resumed to see sub-17000 territory again.
Star Health and Allied Insurance Company share price could soar as much as 36% from current levels, said analysts at brokerage firm Emkay Global, initiating coverage on the stock with ‘buy’ rating.
Star Health and Allied Insurance shares began trading on stock exchanges last week at a discount to the IPO price of Rs 900 apiece.
Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets abroad.
“17,185 remains a crucial level to defend for bulls while bears need to defend 17,375.
We expect, index to trade with a positive bias while sustaining above the past two sessions an identical low of 17190.
So more consolidation is expected till this premium doesn’t start getting lower.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 more stock specific market.
17380-17185 is the band for the Nifty in the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
Let’s see how things pan out going ahead and banking becomes the key component here, which is likely to dictate the immediate trend.