Sensex and Nifty start the day on a high note amid long interest in computer and financial stocks. Titan is the top Nifty50 winner in early trades. RIL, Hindalco, Adani Ports and ONGC among other top notch winners. Most sector indices in green. Sugar, metals and real estate stocks are recovering. Bajaj Auto, Cipla and Nestlé among the latecomers on Nifty.
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Top winners and losers in a larger market
Prestige Estates, Adani Total Gas, LIC Housing, Balrampur Chini Mills, Rossari Biotech and Mazdock Shipbuilders are gaining space while UTI AMC, KEC International, CDSL, Indiamart Intermesh, Bharat Forge and Gujarat Gas are under selling pressure.
Yields, dollar decline
The 10-year US Treasury yield fell below 1.60%. The dollar index abandoned its gains overnight and traded around 89.913 against its rivals. This makes emerging markets like India more attractive to foreign investors.
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Asia shares 3-month highs
Japan’s Nikkei added 0.4%. Australian stocks hit all-time highs as investors applauded stronger-than-expected economic growth data released on Wednesday.
Bull markets can surprise on the upside. It is therefore logical to remain invested in this market. Bank Nifty still has room to go up. Investors should remember that at high valuations, corrections can occur at any time
– Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The midcap and small cap indices continue to outperform; PNB Housing Finance jumps by 10%
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India VIX drops sharply 8% to 15.9
Most Sensex stocks open in green; RIL first contributor to Sensex earnings
OPENING BELL: Sensex climbs 300 points, Nifty50 exceeds 15,650; sugar stocks go up to 10%
Wipro sells its stake in Denim Group for Rs 160 crore
Computer company Wipro sold its entire stake in Denim Group for $ 22.42 million (around Rs 160 crore). In March 2018, Wipro acquired a 33.33% stake in Denim Group Ltd and Denim Group Management, LLC, an independent application security company, for $ 8.83 million, Wipro said in a filing. regulatory.
Fourth Quarter Results Today
General Insurance Corporation of India, APL Apollo Tubes, Gujarat State Petronet, Quess Corp, Nilkamal, Arvind Fashions, Cupid and Roto Pumps are among the companies that will report their March quarter results today.
Pre-open session / l Sensex wins 170 points, Nifty over 15,650
SGX Nifty reports a positive start
The crafty futures on the Singapore Stock Exchange traded at 80.50 points, or 0.52%, at 15,710 points, a sign that Dalal Street was heading for a positive result on Thursday.
Technical view: Nifty50 turns sideways
Nifty50 on Wednesday closed flat after trading in the negative zone for most of the session. The index ended up forming a small bullish candle on the daily chart, with a long lower wick, suggesting that the bulls weren’t ready to give way easily. Analysts said the general trend remains bullish, despite the intermediate sideways move.
Dollar index stagnates, Brent approaches $ 72 a barrel
The dollar index, which measures the greenback against a basket of major currencies, held steady at 89.899, not far from a five-month low of 89.535 reached last week. Brent rose 24 cents to $ 71.59 a barrel, its highest level since January 2020. US West Texas Intermediate (WTI) crude rose 25 cents to $ 69.08 a barrel, its highest level since October 2018.
Asia shares 3-month highs
Asian stocks were slightly below a recent three-month high on Thursday, with China slightly weaker as investors weighed in inflation concerns ahead of major US economic data as oil prices hit record highs. peaks close to a year and a half. The largest MSCI index of Asia-Pacific stocks excluding Japan rose 0.3% to 711 points. Japan’s Nikkei added 0.4 percent. Australian stocks have hit all-time highs. Chinese stocks were slightly weaker.
US stocks have stabilized
Wall Street stocks ended slightly higher as oil-related stocks continued to rally and AMC, the darling of retail investors, soared. The Dow Jones Industrial Average ended up 0.1% at 34,600.38. The broad S & P500 index also rose 0.1% to close at 4,208.12, as did the technology-rich Nasdaq Composite Index, which finished at 13,756.33.
The rupee slips for the 3rd day, closes below 73
Extending losses for the third session in a row, the rupee fell another 19 pounds on Wednesday to end at 73.09 against the US dollar amid a stronger dollar in foreign markets and higher crude oil prices.
Sensex, nice wednesday
Stock indexes staged a smart rally from intraday lows to close flat for the second straight session on Wednesday, as a surge from the market heavyweight RIL offset the recognition of profits in FMCG, finance and IT counters. . After falling to a low of 51,450.58 in the late afternoon, the BSE Sensex regained lost ground to finish at 85.40 points or 0.16% decline to 51,849.48. The broader NSE Nifty index rose 1.35 points or 0.01% to close at 15,576.20.
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