Sensex Today: Live Stock Market Updates: Sensex Up 700, Nifty Surpasses 17,500; Pirmala shares become ex-split; India’s VIX drops 5%

Benchmarks rebounded in early trades on Tuesday after falling sharply in the previous trade amid buying at bank tellers and mixed global trends.

In the Sensex pack, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Maruti, Tata Steel, NTPC, UltraTech Cement, State Bank of India and Axis Bank were among the top winners.

Bharti Airtel and Dr Reddy’s were the only laggards.

Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green while Shanghai and Hong Kong traded lower in mid-term trades. US markets ended lower on Monday.

“Compared to the sell-off in the US markets last Friday, the correction in the Indian market yesterday was relatively subdued. This reflects the resilience of the Indian market,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

Meanwhile, the international oil benchmark, Brent, fell 0.83% to $104.22 a barrel.

Foreign Institutional Investors (FIIs) unloaded shares worth Rs 561.22 crore on Monday, according to exchange data.

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3 Adani shares hit 52-week highs in trading today

These 10 stocks move with the mood of the market, bounce up to 10%

Price as of August 30, 2022 11:05 a.m.Click on company names for their live prices.

NIFTY is sailing comfortably above 17,500

NIFTY is sailing comfortably above 17,500

Top Sensex Contributors Right Now

Top Sensex Contributors Right Now

Sensex extends gains and rallies over 600 points

Sensex extends gains and rallies over 600 points

Tamilnad Mercantile Bank’s IPO will begin on September 5; fixed price range

  • The initial public offering (IPO) of private lender Tamilnad Mercantile Bank (TMB) is set to hit Dalal Street on Monday, September 5.

  • The company will sell its shares in the range of Rs 500-525 each. The proposed primary offering is open for subscription until September 7 (Wednesday).

  • The IPO is entirely a new issue of up to 1,58,40,000 shares with a par value of Rs 10 each, aggregating Rs 831.6 crore. TMB is a professionally managed bank and has no identifiable promoters.
Tamilnad Mercantile Bank's IPO will begin on September 5;  fixed price range

DEAL BLOCK: Tata Teleservices

DEAL BLOCK: Tata Teleservices

Export order for Ramkrishna Forgings bags worth Rs 20.5 cr/year for supply of metal bars in non-automotive segment

Price as of August 30, 2022 10:18 a.m.Click on company names for their live prices.

Piramal Enterprises Divests Pharmaceutical Business; Lists of NBFC companies at Rs 1050

Piramal Enterprises Divests Pharmaceutical Business;  Lists of NBFC companies at Rs 1050

Vodafone Idea, Tata Steel, YES Bank among the most active stocks on NSE

Price as of August 30, 2022 09:38Click on company names for their live prices.

The bears lost momentum on testing the 17160 region triggering attempts to rise on the early lines. This ideally targets the 17800-520 region, but expect the bears to resurface as you approach 17500-520. The bearish marker can be placed at 17250, but it is performance in the 17450-520 region that will set the tone today.

– Anand James – Chief Market Strategist at Geojit Financial Services

Global brokerages on RIL after the AGM

JP Morgan

  • Maintain overweight, target at Rs 3065/share
  • Capex for RIL resumed in FY22
  • Capital expenditure would remain high over 2-3 years
  • With the AGM behind us, the focus should return to profits

CLSA

  • Maintain BUY, target at Rs 3180/share
  • 5G launch within 2 months and investment plans announced
  • More than 9 billion dollars of investments announced for petrochemicals
  • JioMart has officially launched its grocery store experience

BofA

  • Maintain BUY, target at Rs 2805/share
  • Keep buying on a favorable risk-reward ratio
  • Focus more on investments with limited visibility on value unlocking events (Source: ET NOW)

Opening bell: Sensex up over 350 points, Nifty over 17,400; Bajaj Finserv increases by 4%, IndusInd by 2%

Opening bell: Sensex up over 350 points, Nifty over 17,400;  Bajaj Finserv increases by 4%, IndusInd by 2%

Asian markets mixed as traders brace for further rate hikes

Asian markets were mixed on Tuesday with confidence at a premium as traders weigh the prospect of further Federal Reserve interest rate hikes and a possible recession.

SGX Nifty reports positive start

Nifty futures on the Singapore Stock Exchange traded 55 points, or 0.32%, at 17,435.5, signaling that Dalal Street was heading for a positive start on Tuesday.

Quarterly results today

MMTC, The Orissa Minerals Development Company, Mcdowell Holdings, Bombay Rayon Fashions, Shreyas Intermediates, Kesar Petroproducts, Mohite Industries, Marg, Celestial Biolabs, UBE Industries and IEC Education are among the companies to announce their quarterly results today.

Tech View: Nifty Breaks Below 20-Day SMA, Signals Weakness

Nifty50 on Monday plunged more than 1% and barely managed to hold the 17,300 level on the close. The 50-pack index failed to meet its 20-day simple moving average (SMA), but managed to form a bullish candle on the daily chart, posting a lower open, reflecting the intraday rally. Some analysts think more weakness is in sight. The upside will be capped at the 17,500-600 levels, they said.

Oil prices fall as inflation concerns outweigh possible OPEC+ production cuts

Oil prices fell on Tuesday after posting their highest gains in more than a month in the previous session, as concerns over global inflation overshadowed the prospect of possible oil production cuts. OPEC+.

Tokyo stocks open higher after sell-offs

Shares in Tokyo opened higher on Tuesday, rebounding from strong sell-offs in the previous session following a pledge by U.S. Fed chief Jerome Powell to “forcefully” fight inflation. The benchmark Nikkei 225 rose 0.63%, or 176.57 points, to 28,055.53 yen in early trading, while the broader Topix index rose 0.58%, or 11 .31 points, at 1,955.41.

Wall Street retreats as concerns over rate hike persist

U.S. stocks closed lower on Monday, adding to last week’s steep losses on lingering worries about the Federal Reserve’s determination to raise interest rates aggressively to fight inflation even as the economy slows.

Rupee drops 7 paise to 79.91 on strong dollar

The rupee depreciated by 7 paise on Monday to close at 79.91 against the US dollar on risk aversion in global markets and a strong greenback overseas after hawkish comments from the Reserve US Federal.

Sensex, nice on Monday

The 30-pack Sensex shares lost 861.25 points to close at 57,972.62. Its broader counterpart, Nifty50, slipped below 16,350. RIL closed down 0.84% ​​after Reliance’s 45th Annual General Meeting.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day

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