Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices started Wednesday’s session in the green.
India’s services PMI expanded sharply in October, with the index moving to 58.4 – the highest in over a decade The robust recovery likely signals strong pent-up demand of the domestic economy amid an ongoing festive season.
Amid the positive market momentum, Vodafone Idea was the top volume gainer with more than 3.47 crore equity shares exchanging hands between investors.
Domestic market’s correction may soon be over and Nifty 50 index could once again challenge life-time highs at 18,600, said domestic brokerage and research firm ICICI Direct.
The 17350 view will be revisited once this move unfolds, but will be forced to revert to it if 17760 gives away today.
Some traders look at it from an industrial point of view also as it is used in the manufacturing of electronics.
“The underlying trend of Nifty remains positive and the immediate resistance of 18050 is expected to be taken out on the upside soon.
Given Diwali on Thursday, this week is a truncated one with all eyes awaiting the outcome of US Fed MPC which could provide direction to the future course of the market.
Traders are suggested to book profits on every rise and not initiate new long positions till we see a closing above 18350 levels,” said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of petrol and diesel were left unchanged by oil marketing companies on Wednesday, after seven days of successive hikes.
Failure to do wo would lead to base formation 17500 -18000, in the process, stock specific action would prevail amid progression of Q2FY22 earning season.
While loose monetary policies adopted by global central banks was a big factor that drove markets, strong retail participation was also a key trend that emerged.
IPOs of Policybazaar, SJS Enterprises, and Sigachi Industries will close for subscription today.