Ahead of Market: 12 things that will decide stock action on Tuesday
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Nimish Shah of Waterfield Advisors said, a correction of up to 10 per cent from Nifty50’s peak value of 15,200 would be a good support level.
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Analysts said it was testing of the 14,200 level that brought buying on Nifty50 at lows.
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NEW DELHI: Nifty opened gap down and traded with deep cuts in the initial session, as the benchmarks bucked the global trend due to a spike in Covid 2.0 cases in India and imposition of curfew in the national capital and few other places. However, Nifty made a comeback due to the buying in dips approach in the market and formed a green Hammer like candle for the day.
Welspun Corp has allotted 65,000 equity shares of Rs. 5 each fully paid-up upon exercise of Employee Stock Option.
The said equity shares shall rank pari-passu in all respect with the existing equity shares of the Company.
Post this allotment, the paid up equity share capital of the Company stand increased from Rs.1,304,421,975/- divided in to 260,884,395 equity shares of Rs. 5 each to Rs.1,304,746,975/- divided in to 260,949,395 equity shares of Rs. 5 each.
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The domestic equity benchmarks ended with minor gains after a volatile day on Thursday. Metal stocks surged while banks and financials corrected. The Nifty closed below the 14,900 mark.
As per provisional closing data, the barometer index, the S&P BSE Sensex, gained 84.45 points or 0.17% to 49,746.21. The Nifty 50 index rallied 56.70 points or 0.38% to 14,875.75.
The broader market rallied. The S&P BSE Mid-Cap index rose 0.60%. The S&P BSE Small-Cap index added 0.73%.
Buyers outnumbered sellers. On the BSE, 1873 shares rose and 1046 shares fell. A total of 166 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
The domestic equity benchmarks ended with minor gains on Thursday, rising for the third straight session. Metal stocks surged while banks and financials corrected. The Nifty closed below the 14,900 mark.
The barometer index, the S&P BSE Sensex, gained 84.45 points or 0.17% to 49,746.21. The Nifty 50 index rallied 54.75 points or 0.37% to 14,873.80.
The Sensex rose 1.19% and the Nifty climbed 1.61% in three consecutive sessions.
The broader market outperformed the benchmarks on Thursday. The BSE Mid-Cap index rose 0.60% and the BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1,857 shares rose and 1,061 shares fell. A total of 167 shares were unchanged.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
Benchmarks extend gains; Nifty near 14,850 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.