The NSE Nifty 50 closed 0.35% lower at 21,378.20, while the BSE Sensex closed 0.44% lower at 70,751.21.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in the negative territory. The NSE Nifty 50 closed 101.35 points or 0.47% lower to settle at 21,352.60, while the BSE Sensex lost 359.64 points or 0.51% to settle at 70,700.67. The broader indices closed in the red, with midcap stocks falling the most. Bank Nifty index lost 214.75 points or 0.45% to settle at 47,208.65.
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GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up 83 points or 0.14% at 21,423, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 jumped 256.35 points or 1.23% to settle at 21,182.70, while the BSE Sensex soared 926.60 points or 1.34% to 70,514.20.
“The index has broken out of consolidation, driven by an increase in long positions compared to short trades among participants. Sentiment remains robust as the index maintains a position comfortably above crucial moving averages. Support is situated at 21,000, where Put writers have significant position. Looking ahead, there’s a potential for the index to advance towards 21,400 and beyond on the higher side.,” said Rupak De, Senior Technical analyst at LKP Securities.…
In a recent analysis, Jefferies delved into the market dynamics of two giants – Hindustan Unilever Limited and Bharti Airtel. The report highlights a shift in fortunes and preferences, providing an insightful perspective for investors.
Comparing the two companies, Jefferies notes that while HUL and Bharti Airtel currently share similar market capitalization, their journeys over the past decade have been markedly different.
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Bharti Airtel faced challenges such as adverse regulatory environments and rising competition until 2019, whereas HUL experienced margin-led earnings growth that propelled its market capitalization to three times that of Bharti Airtel at one point.
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Yatra Online shares listed at 10.21% discount over IPO price on bourses today. The share debuted at Rs 127.50 on the NSE, as compared to the issue price of Rs 142.
“The YOL’s shares witnessed a negative listing. This is likely due to the company’s high P/E valuation, its reliance on the airline ticketing business, and the competitive nature of the travel industry. Overall, YOL is a risky investment, and investors who receive an allotment of this IPO should consider exiting their position,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
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Indian government bond yields are expected to climb on Wednesday, with the benchmark bond yield set to test levels seen before the budget announcement, as Treasury yields jumped after an uptick in inflation further pushed back rate cut hopes.
India’s benchmark 10-year yield is expected to fluctuate in the 7.10-7.16% range, following its previous close of 7.0998%. “This is exactly what traders were fearing, and with the 10-year U.S. yield hitting the 4.30% mark, there should be a gap-up opening for Indian bond yields, as the global scenario can definitely be not ignored despite favourable local fundamentals,” the trader said.
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U.S. yields climbed on Tuesday, with the 10-year yield breaking the crucial level of 4.20% by a large margin. The 10-year yield had been protected since the December Federal Reserve policy, which had a dovish t…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 53.50 points or 0.22% at 24,189.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended up by 175.70 points or 0.74% to settle at 24,044.50 while the BSE Sensex gained 568.93 points or 0.72% to 79,243.18.
“The benchmark indices exhibited bullish momentum, buoyed by expected revival in the IT sector and consolidation in the cement industry. However, the broader market remained sideways due to valuation concerns and FII selling owing to rising US bond yields,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L…
TBO Tek IPO opened for retail investors on May 08 at a price band of Rs 875 to Rs 920 per equity share.
About TBO Tek
TBO Tek is a travel distribution platform offering travel inventory according to customers’ needs and supports a wide range of currencies along with forex help. The company was earlier known by the name of Tek Travels Pvt. Ltd. The company’s main job is to simplify the travel business of suppliers such as airlines, car rentals, hotels, cruises, insurance, and others. They also cater their services to retail customers such as travel agencies and independent travel consultants. TBO Tek has a two-sided technology platform that connects suppliers and customers.
Issue Size
The company wants to raise a total of Rs 1,550.81 crore through a combination of fresh issue and an offer for sale.
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