HomeBusinessSensex Today: Stock Market LIVE Updates: Sensex Rises 100 Points, Nifty Nears 18K; Adani Power wins 4%, Emami 3%
Sensex Today: Stock Market LIVE Updates: Sensex Rises 100 Points, Nifty Nears 18K; Adani Power wins 4%, Emami 3%
August 19, 2022
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BLOCK DEAL IN CAMS: 3.8% Shares Change Ownership
Price on Aug 19, 2022 09:43 o’clockClick on company names for their live prices.
Indian yields slightly higher ahead of new 10-year bond sales
Indian government bond yields rose on Friday, a day after the Reserve Bank of India raised inflation concerns, while traders remained focused on the impending debt provision, including a new 10-year bond.
India’s central government will sell bonds worth 330 billion Indian rupees ($4.14 billion) in an auction that includes a new 10-year bond worth 130 billion rupees.
The benchmark yield on 10-year government bonds was 7.2593% as of 0340 GMT. Yields rose 6 basis points on Thursday to end at 7.2421%.
What should you do with the shares of Reliance Infra?
After a quick short-term correction, the stock gained support near Rs 115 and rebounded sharply. In this week so far, it is up more than 13 percent. On the daily and weekly charts, it has formed a long bullish candle supporting a further upward trend from current levels. For the trend that traders are following, Rs 125 would act as a key support level. If the stock manages to trade above the same, we can expect a continuation of the uptrend wave to Rs 140-145.
The market momentum that pushed the Nifty up 18% from its June lows is likely to face headwinds from now on. The sudden sharp spike in the dollar index to 107.6 will impact capital flows to emerging markets such as India. The consistent FII buying in August is likely to lose steam affecting sentiments. The high valuations do not justify a further rise in the markets. Any profit posting and money transfer to fixed income can be considered a short term strategy. Buying on dips can be considered in high-quality financial institutions, leading names in capital goods and autos.
– dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
IIFL Finance, Yes Bank one of the most active stocks on NSE
Price on Aug 19, 2022 9:21 amClick on company names for their live prices.
Rupee opens 0.12% lower at 79.7575 per US dollar; previous close 79.6725
India’s bond yields may exceed supply, RBI’s inflation comments weigh on
Indian government bond yields are likely to rise in early deals on Friday as investors wait for a fresh supply of debt and the central bank highlighting inflation concerns weighed on sentiment. 10-year Treasury yields are likely to trade in a range of 7.21%-7.27% until a government debt auction later in the day, a trader at a private bank said. Yields rose 6 basis points on Thursday to end at 7.2421%.
Asian equities in limbo as the dollar takes the lead
Asian equities remained in limbo on Friday, while the US dollar took a beating as recession clouds gathered over Europe, highlighting the relative outperformance of the US economy.
SGX Nifty signals a negative start
Handy futures on the Singapore Exchange traded 43.5 points, or 0.24 percent, lower at 17,960.50, indicating Dalal Street is headed for a negative start on Friday.
Oil scores higher on optimism for stronger crude demand
Oil prices rose at the start of trading Friday, extending a rally into a third day as investors weighed hopes of strong fuel demand after a larger-than-expected drop in US crude inventories, raising concerns about a global economic crisis. delay were removed.
Tokyo Shares Open Higher
Tokyo stocks opened higher Friday as investors looked for new clues ahead of next week’s annual central bankers’ meeting in Jackson Hole, Wyoming. The benchmark Nikkei 225 index rose 0.58 percent, or 167.65 points, to 29,109.79 in early trading, while the broader Topix index rose 0.49 percent, or 9.78 points, to 2,000.28.
Tech View: Nifty50 bulls look tired; stay careful
Nifty50 somehow pushed its winning streak on Thursday to the eighth day in a row. The index made a similar high to Wednesday’s as the bulls looked tired at highs.
Wall Street Ends Higher, Cisco Systems Jumps on Prediction
US stocks closed higher on Thursday as an optimistic sales forecast from Cisco Systems helped revive the technology sector, while data showed the economy remained relatively strong. Investors were still reviewing Wednesday’s minutes of the Federal Reserve’s July meeting, which they initially saw as supporting a less aggressive central bank stance.
Rupee drops 19 paise to 79.64 against US dollar
The rupee depreciated 19 paise to close at 79.64 against the US dollar on Thursday, as a strong US currency abroad and the recovery in crude oil prices weighed on investor sentiment.
Sensex, Nifty on Thursday
The Sensex 30-stock package recovered 352 points from the low for the day, finishing just 37.87 points higher, but still above 60,200. Its wider counterpart, Nifty50, also managed to settle above 17,950.
Good morning, dear reader! Here’s something to kickstart your trading day