Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 were trading in the negative territory on Thursday, on the weekly F&O expiry day.
This growth was broad-based coming from both CPCU businessand Non-CPCU business, across both India & International markets.
The retail investor portion has been subscribed 6.16 times; the non-institutional investor portion is undersubscribed at 34 per cent; and the qualified institutional buyers’ portion has been subscribed only 3 per cent so far.
After this Rs 800 crore deal in key Agrochemicals products, Navin Flourine is expected to give a 10-15% return in near term.
On Multi Commodity Exchange, gold December futures were trading Rs 127 or 0.26 per cent up at Rs 48,981 per 10 gram, against the previous close of Rs 48,854.
We are caught in a range and would require to break out or break down in order to witness a meaningful direction.
Fed Officials already quoted that if inflation keeps rising at its current pace then a more aggressive policy response may be adopted.
Expectations of earlier tightening were revived as Fed had mentioned for a potential increase in interest rates once inflation peaks beyond control and employment reaches the target.
Going ahead, we expect index to prolong the ongoing consolidation amid stock specific action that would make market healthy.
As long as the lower support of 17900-17850 is protected, there is a possibility of another round of upside bounce towards 18150 in the short term.
Nifty futures were trading 50.50 points or 0.28 per cent down at 17,965 on Singaporean Exchange, suggesting a weak start for BSE Sensex and Nifty 50 on Thursday.
Stating that growth impulses and the fast-moving indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence of the economy clipping at the projected 9.5 per cent this fiscal.