Dow Jones Stock Market Today – sensex today: CLOSING BELL: Financials, IT stocks give Sensex 272-pt lift; Nifty tops 14,700; Mastek soars 13%, IDBI Bank 7%
Sensex and Nifty extend gains to second straight day. Strong buying interest in auto, metal and IT stocks. PSU bank stocks and select pharma names face selling pressure. Analysts cheer US decision to support waiving IP protections for Covid-19 vaccines, but roaring cases continue to keep investors on back foot. Hindalco top Nifty gainer, up 6%. Hero MotoCorp, Wipro, Tata Motors and Tata Steel among other gainers. UPL top laggard, down 1%. Bajaj Finserv, Sun Pharma, Power Grid and NTPC among other losers. Market participants await more Q4 earnings for cues.
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This is how the 30-pack Sensex moved in today’s session. It touched a high of 49,011.31 and a low of 48,614.11 to finally settle at 48,949.76
CLOSING BELL: Financials, IT stocks give Sensex 272-pt lift; Nifty tops 14,700; Mastek soars 13%, IDBI Bank 7%
- RIL, financials and IT stocks lead the market gains
- 20 of 30 Sensex stocks end the day in the green
- Index contributors: HDFC, Infosys, ICICI Bank, RIL, Kotak Bank
- Top Index gainers: Bajaj Auto (2.53%), HDFC (2.34%), TechM (1.28%)
- Top Index losers: Bajaj Finserv (0.97%), Power Grid (0.94%), Sun Pharma (0.78%)
- All BSE sectoral indices end the day in the green
- S&P BSE METAL biggest sectoral gainer, up 2.74%
- Volume toppers: SBI, TCS, Bajaj Finance, HDFC Bank, RIL
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How market is faring 10 mins before the Closing Bell
Nifty IT jumps 1.9%; most components in the green
price as on 06 May, 2021 03:17 PM, Click on company names for their live prices.
S&P BSE METAL biggest sectoral gainer, up 2.5%. This is how the index stocks are faring
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Forex Center: This is how the major currencies are faring against each other
Here are the top gainers and losers in the tourism and hospitality space
price as on 06 May, 2021 02:55 PM, Click on company names for their live prices.
Nifty PSU Bank top laggard among NSE sectoral gauges, down 1.3%; PNB, Bank of Baroda, Canara Bank fall up to 3%
price as on 06 May, 2021 02:54 PM, Click on company names for their live prices.
Companies like Maruti operating way below capacity utilisation levels: Chakri Lokapriya
The factories of such companies are operating at lower capacities and workers not coming back, says Chakri Lokapriya, CIO and MD, TCG AMC. Unlike last year, now rural India is also getting impacted by Covid, hurting two-wheeler and tractor sales to an extent, he adds.
FII selloff an opportunity for domestic investors: Sunil Subramaniam
Sunil Subramaniam, MD and CEO, Sundaram Mutual Fund, says volatility will continue because FIIs have dominated.
Coforge, Aarti Drugs, Motilal Oswal Financial, Wockhardt, IOC Chem top BSE 500 gainers; KEC Int, Affle, EID Parry worst hit among 145 laggards
price as on 06 May, 2021 02:11 PM, Click on company names for their live prices.
J&K Bank board to meet next week to consider raising of capital; shares up 1%
The J&K government will infuse up to Rs 500 crore into the lender as its promoter shareholder.
Here’s what else the RBI can do as pandemic rages on
Benchmark rates have remained unchanged for a year amid sticky inflation, so the RBI has relied on a string of unorthodox policies.
The domestic market is hesitant to move in a clear direction. There have been many positive and negative news developments recently, like mixed state election results, further lockdowns, and RBI and Fed measures. The core domestic issue is the continued increase in Covid cases… We are in a mixed trajectory that is expected to continue in the near term. Any more Covid issues will have a detrimental effect while the long-term trend is intact.
– Vinod Nair, Geojit Financial Services
IT, financial, auto sectors top boosts for Nifty50
On the other hand, pharma sector stocks were the biggest drags. Here’s how 13 sectors fared in afternoon trade.
Market breadth improves, advance-decline ratio at 5:4
Overall market breadth was in favour of bulls, as 1,019 stocks traded higher on NSE against 778 that languished in the negative territory. On BSE, 1,549 securities advanced while 1,286 declined. In morning deals, market breadth had stood almost neutral with a positive bias.
World’s costliest steel stock delivers on promise; analysts see better time ahead
Tata Steel, one of the world’s largest steel producers, shattered records and reported best-ever quarterly numbers. However, much of it was expected, as steel prices have risen sharply.
Nifty has traded in a consolidated manner near 14,650. If it breaches 14,700, we might see a small rally. Technical factors show the index will trade in a 14,500-14,900 range, with 14,500 an important support level in the short term.
– Gaurav Garg, CapitalVia Global Research
10 stocks that can deliver good returns in near term
Surging Covid-19 infections, which have already taken a toll on businesses, are likely to hit the performances of companies further going forward, say analysts. Here are a few stocks that analysts believe can help traders bag significant returns in the next few weeks.
Trading strategies for gold, silver, crude & other commodities
Crude oil prices are capped on the downside on stronger fuel demand recovery from the US and China, while easing in lockdown measures in Europe have improved investment sentiments, according to Tapan Patel of HDFC Securities.
Sectoral matrix mixed on NSE
The sectoral matrix was mixed on NSE at noon, with the Nifty Bank index down 0.26% and the Nifty PSU Bank gauge 1.12%. Nifty Pharma was down 0.49%. On the other hand, Nifty Auto was up 1.18%, Nifty Metal 1.61% and Nifty IT enjoyed a gain of 0.87%.
What’s boosting IDBI Bank shares
price as on 06 May, 2021 12:06 PM, Click on company names for their live prices.
This is how the Sensex pack fared in late morning deals
Bajaj Auto, HDFC, Maruti Suzuki and Nestle were among the top gainers in the S&P BSE Sensex index. On the other hand, Asian Paints, IndusInd Bank and Axis Bank were the worst hit among 16 laggards in the pack.
Volatility gauge India Vix eases by 0.15%
Amid their worst selloff since March 2020, FPIs raised bets in two sectors in April
April foreign portfolio outflows from Dalal Street turned out to be highest since March 2020 at $1.29 billion. Yet there were at least two sectors in which foreign portfolio investors (FPIs) kept on buying.
Rupee rises 7 paise to 73.84 against US dollar
The rupee opened appreciated by 7 paise to touch the 73.84 mark against the US dollar in early deals amid a lacklustre trend in equities. It hit a low of 73.98 during the session so far.
850% jump in a year! This textile midcap is riding a new Covid-induced trend
As athletic and casual wear became the go-to option for individuals locked up at homes due to Covid restrictions and remote working, readymade textile products manufacturers are having their day in the sun.
RIL, ICICI Bank, TCS, SBI, Airtel top drags on Sensex
On the other hand, buying interest in HDFC, ITC and L&T offered some support to the 30-scrip index.
What really drove Tata Steel’s bumper show in Q4
Tata Steel NSE 2.64 % Ltd today reported a firm set of earnings for the quarter ended March even though the company’s standalone bottomline missed Street’s estimates by some distance.
Cognizant posts 38% jump in Q1 net income, guides for 7-9% revenue growth in 2021
US-based Cognizant Technology Solutions Corp on Thursday reported a 37.60 per cent year-on-year rise in consolidated net income at $505 million for the March quarter compared with $367 million reported for the same quarter last year.
Bajaj Auto, Bajaj Finance, ITC, HDFC, Titan top Sensex gainers
On the other hand, HCL Tech, Sun Pharma and Power Grid were the worst hit among the 10 laggards in the 30-scrip benchmark index.
Overall market breadth positive
Market breadth favoured gains as 1,376 scrips on BSE traded higher in morning deals against 1,157 that moved lower. On NSE, 973 stocks advanced while 769 declined.
OPENING BELL | Sensex rises 150 points, Nifty near 14,650
IDBI Bank surges 10%, Morepen Labs tanks 5%
There are two broad views regarding the peaking of the second wave: One, peaking by mid-May; two, peaking by July. If the first scenario plays out, the hit to economic growth will be a marginal, say, 1% decline from the estimates of 11% growth in FY22. In the second scenario, the hit will be worse. It remains to be seen which scenario will play out. Investors may wait and watch. IT, pharma, metals and telecom are likely to remain resilient even under difficult times.
– VK Vijayakumar, Geojit Financial Services
Pre-open session: Sensex climbs 300 points, Nifty above 14,650
SGX Nifty signals positive start
Nifty futures on the Singapore Exchange traded 71.5 points, or 0.49 per cent, higher at 14,764.50 in signs that Dalal Street was headed for a positive start on Thursday.
Tech View: Nifty forms Inside Bar; choppy sessions ahead
Nifty50 on Wednesday formed an Inside Bar pattern and also what looked like a Harami Cross on the daily candle, indicating a tug of war between the bulls and the bears. Analysts see choppy trades ahead. Nifty50 can remain choppy inside the 14,461-14723 range. A close above 14,723 level can be considered as the initial sign of strength, which can expand the bounce towards 14,900 level.
Oil prices fall as US gasoline stocks rise for a fifth week
Oil prices fell on Thursday as gasoline inventories in the United States, the world’s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices. Brent crude oil futures fell by 16 cents, or 0.2 per cent, to $68.80 barrel, and US West Texas Intermediate (WTI) crude futures dropped by 20 cents, or 0.3 per cent, to $65.43 a barrel.
China shares edge higher
The Chinese mainland benchmark Shanghai Composite index edged up 0.14 percent, or 4.94 points to 3,451.79, while the Shenzhen Composite Index on China’s second exchange slipped 0.50 percent, or 11.50 points to 2,287.43.
Hong Kong stocks begin with gains
Hong Kong stocks opened higher on Thursday following a positive lead from Wall Street as data showed the US services sector added hundreds of thousands of jobs last month, while Shanghai edged up as it reopened after an extended holiday weekend. The Hang Seng Index rose 0.81 percent, or 229.99 points, to 28,647.97.
Tokyo stocks open higher with eyes on earnings
Tokyo stocks opened higher on Thursday after rallies on Wall Street with investors watching corporate earnings in Japan. The benchmark Nikkei 225 index was up 0.74 percent or 214.29 points at 29,026.92 in early trade, while the broader Topix index advanced 1.10 percent or 20.96 points to 1,919.20.
Dow ends at record high, Nasdaq falls
The Dow Jones Industrial Average index ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped. The Dow closed at 34,230.34, up by 0.29 per cent, while the S&P500 index gained 2.93 points, or 0.07 per cent, to 4,167.59. The Nasdaq Composite ended 51.08 points, or 0.37 per cent, lower at 13,582.43.
Rupee snaps 2-day winning run on stronger dollar, forex outflows
The rupee snapped its two-day winning streak and closed 6 paise lower at 73.91 against the US currency on Wednesday due to forex outflows and a stronger dollar in overseas markets. Gains in Indian equities and the COVID relief steps announced by the RBI on Wednesday restricted the rupee’s fall.
Sensex up 424 points as RBI unveils Covid relief measures
Key equity indices traded in the green on Wednesday as RBI Governor Shaktikanta Das launched the second round of loan restructuring and other relief measures to counter the impact of Covid-19‘s second wave across the country. At the closing bell, the BSE S&P Sensex was up by 424 points or 0.88 per cent at 48,678 while the Nifty 50 advanced by 121 points or 0.84 per cent to 14,618,
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