The Nifty PSU bank index has extended its correction and is now down over 1 percent, while the Bank Nifty is trading in the green. Metals, too, are witnessing some weakness, down over 1 percent on the index.
Market Update: Benchmark indices have maintained their uptrend in morning trade, with the Sensex rising over 100 points, while the Nifty is above 11,050 as well. The Nifty PSU bank index has extended its correction and is now down over 1 percent, while the Bank Nifty is trading in the green. Metals, too, are witnessing some weakness, down over 1 percent on the index. Midcaps, too, have seen some selling since morning, thereby dragging the indices from opening highs. ONGC, Bajaj Auto, and Indiabulls Housing are the top gainers, while Tata Steel, Airtel, Lupin, and Hindalco have lost the most. Shares of Sintex Industries soared over 9 percent on Wednesday morning as investors cheered its Q1 results.
Click here To know about the Best Stock Advisory India
Market Update: After opening at a record high, the Sensex is currently off its opening levels, while the Nifty is hovering around 11,050-mark.
Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.
Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.
The share price of PNB, IOB, Andhra Bank, Corporation Bank and Allahabad Bank reacted positively on the government capital infusion plan.
IPO Update: Women's apparel maker TCNS Clothing Company raised over Rs 337 crore from the anchor investors, ahead of its initial share-sale tomorrow. The firm sells its products under W, Aurelia, and Wishful brands.
TCNS Clothing has allotted 47,14,210 equity shares to 18 anchor investors at Rs 716 per scrip, garnering Rs 337.54 crore, according to a regulatory filing.
Among the anchor, investors are Goldman Sachs India Ltd, Auburn Ltd, Fidelity Securities Fund Fidelity Blue Chip Growth Fund, DB International Asia Ltd, ICICI Prudential Life Insurance Company Ltd and UBS Principal Capital Asia Ltd.
Market Opens: It’s a strong start to the market on Wednesday morning, with the Sensex hitting a fresh record high, rising 200 points, while the Nifty opened above 11,050-mark.
The Sensex is up 198.95 points or 0.54% at 36718.91, while the Nifty is up 62.50 points or 0.57% at 11070.50. The market breadth is positive as 354 shares have advanced, while 79 shares have declined, and 46 shares are unchanged.
Among sectoral indices, all of them are trading in the green, with strength seen among PSU banks pharmaceuticals, energy, and auto names. In the broader market, midcaps are trading higher as well, up over half a percent on the index.
Click here to get Free Commodity Tips
IPO Update: Women's apparel maker TCNS Clothing Company raised over Rs 337 crore from the anchor investors, ahead of its initial share-sale tomorrow. The firm sells its products under W, Aurelia, and Wishful brands.
TCNS Clothing has allotted 47,14,210 equity shares to 18 anchor investors at Rs 716 per scrip, garnering Rs 337.54 crore, according to a regulatory filing.
Among the anchor, investors are Goldman Sachs India Ltd, Auburn Ltd, Fidelity Securities Fund Fidelity Blue Chip Growth Fund, DB International Asia Ltd, ICICI Prudential Life Insurance Company Ltd and UBS Principal Capital Asia Ltd.
Market Opens: It’s a strong start to the market on Wednesday morning, with the Sensex hitting a fresh record high, rising 200 points, while the Nifty opened above 11,050-mark.
The Sensex is up 198.95 points or 0.54% at 36718.91, while the Nifty is up 62.50 points or 0.57% at 11070.50. The market breadth is positive as 354 shares have advanced, while 79 shares have declined, and 46 shares are unchanged.
Among sectoral indices, all of them are trading in the green, with strength seen among PSU banks pharmaceuticals, energy, and auto names. In the broader market, midcaps are trading higher as well, up over half a percent on the index.
Click here to get Free Commodity Tips
Rupee update: The Indian rupee opened marginally higher at 68.42 per dollar on Wednesday versus 68.45 yesterday.
Yesterday, rupee broadly consolidated in a range but traded with a slight positive bias despite strength in the dollar against its major crosses. Crude oil came under pressure API after reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to expectations that this week would see a draw in crude oil inventories of 3.62mbpd, said Motilal Oswal.
Crude has been one of the major factors that are supporting the rupee and sustained fall in the same could continue to keep losses capped for the rupee.
Yesterday, rupee broadly consolidated in a range but traded with a slight positive bias despite strength in the dollar against its major crosses. Crude oil came under pressure API after reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to expectations that this week would see a draw in crude oil inventories of 3.62mbpd, said Motilal Oswal.
Crude has been one of the major factors that are supporting the rupee and sustained fall in the same could continue to keep losses capped for the rupee.
-------------------------------------------------------------------------------------------------------------------------
For More Information regarding Stock market news updates & Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.
No comments:
Post a Comment