This often overlooked Nifty stock has suddenly come into reckoning after bouncing nearly 33 per cent in the last one month – the most for any stock in the elite pack.
Sensex, Nifty lack direction, down marginally
May 19, 2021
Domestic investors remain optimistic owing to a decline in Covid-19 cases
The benchmark indices were trading in the red Wednesday afternoon on profit-taking, dragged by metal, auto and financials.
After opening down marginally, the domestic market was little changed despite weak global markets that were reflecting mounting inflation worries. However, domestic investors remain optimistic owing to a decline in Covid-19 cases in the country.
At 1 pm, BSE Sensex was at 50,127.66, down 65.67 points or 0.13 per cent. It hit an intra-day high of 50,279.01 and a low of 50,015.57. Nifty 50 was at 15,087.45, down 20.65 points or 0.14 per cent. It hit an intra-day high of 15,133.40 and a low of 15,049.65.
Daily Monitor
Saturday May 15 2021
Old Jogoos? SC Villa’s Karim Abudallar (right) attempts to get past Vipers Siraj Sentamu in the first leg encounter. PHOTO/JOHN BATANUDDE
Summary
Too tight. URA, Vipers and Express go into the league’s Matchday 24 separated by just two points with none playing a title rival in the remaining seven matches.
Vipers are breathing down the necks of URA with a point deficit and when the two title protagonists went head to head at St Mary’s Stadium Kitende this week, it was visible they shared a lot in common.
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The thrilling StarTimes Uganda Premier League race is at its climax. Don’t blink. The remaining seven-game run promises to be the tightest in recent memory - having morphed and expanded from a two-horse race between leaders URA and Vipers to accommodate Express.
Larsen & Toubro, Dr Reddy s Laboratories, Cipla and Aditya Birla Capital will declare their Q4 earnings
The domestic markets are flat, with a negative bias, on the last trading day of the week, amid choppiness. At 11:55 am, the BSE Sensex was trading at 48,569.15, lower by 118.10 points or 0.24 per cent and the NSE Nifty was at 14,626.15, down 71.85 points or 0.50 per cent. The broader markets are underperforming their largecap peers, with the BSE Midacap and BSE Smallcap index losing 0.6 per cent each.
Overnight, Wall Street advanced in a broad rally, bouncing back from three straight days of selling, as upbeat labor market data prompted investors to buy shares that stand to gain most from economic revival. All three major U.S. The Dow Jones rose 1.38 per cent, S&P 500 gained 1.27 per cent and Nasdaq Composite added 0.7 per cent.