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Markets scrap early gains; Metal stocks in a nosedive; JSW Steel, Tata Steel, Hindalco top bears; Titan leads

Markets scrap early gains; Metal stocks in a nosedive; JSW Steel, Tata Steel, Hindalco top bears; Titan leads In the early deals, Sensex jumped nearly 264 points with an intraday high of 50,901.18, while Nifty 50 climbed over 50 points with an intraday high of 15,258.60. May 26, 2021 9:35 IST | India Infoline News Service A volatile session was recorded during Wednesday s opening bell as investors headed into the highest close for derivative contracts in the last 3 months. Unlike Asian counterparts, Indian benchmarks Sensex and Nifty traded rather with lacklustre demand. Metal stocks were the worst hit, while media stocks entered a rally. In the early deals, Sensex jumped nearly 264 points with an intraday high of 50

Market may remain range-bound amid lacklustre global clues - The Hindu BusinessLine

May 26, 2021 Expectation of stimulus, falling Covid cases to anchor market direction The Indian market on Wednesday will likely open on a flat note on lack of clear direction from global markets. However, with with May derivative contracts expiring on Thursday (tomorrow), the market is likely to witness volatility. However, according to analysts, reports of a Government stimulus package and falling Covid-19 cases are positive triggers. The SGX Nifty futures is currently ruling at 15,240 (8 am IST), indicating a flat opening for the Nifty. The Nifty May and June futures on Tuesday closed at 15,218 and 15,248.10 respectively. After opening positive on Tuesday, US stocks too ended flat surrendering initial gains. Similarly, Asia-Pacific markets such as Japan, China, Hong Kong, Australia, Taiwan and Korea are also witnessing a lackadaisical trading on Wednesday.

Shreyas Shipping and Logistics Limited board to consider dividend, FY21 results on May 26, 2021

Shreyas Shipping and Logistics Limited board to consider dividend, FY21 results on May 26, 2021
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

Shipping shares in focus; GE Shipping surges 14% to hit over 3-year high

Shares of shipping companies were in focus at the bourses, on Wednesday, with the stock of Great Eastern (GE) Shipping hitting an over three-year high of Rs 391.80 after rallying 14 per cent on the BSE in intra-day trade. The stock surpassed its previous high of Rs 349.75, touched on Tuesday. It is trading at its highest level since February 2018. Among the other individual stocks, Shreyas Shipping & Logistics was locked in 20 per cent upper circuit at Rs 98, also its 52-week high, on the BSE. Essar Shipping soared 17 per cent to Rs 9.26 on the BSE, followed by Shipping Corporation of India (7 per cent to Rs 114.70) and Seacoast Shipping Services (up 3 per cent at Rs 161). In comparison, the S&P BSE Sensex was up 0.48 per cent at 48,486 points, at 12:26 pm.

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