BSE Oil & Gas index rises 1 percent supported by the Adani Total Gas, IOC, Indraprastha Gas
Subscribe to Vijaya Diagnostic Centre: Arihant Capital
BSE Healthcare index up 1 percent supported by the Thyrocare Technologies, Kilitch Drugs, Apollo Hospitals Enterprise
SRF Board approves bonus issue of 4 shares for every 1 held, stock hits 52-week high
Shilpa Medicare gets Indian regulator nod
Kotak Mahindra Bank to sell 20 crore shares of Airtel Payments Bank to Bharti Enterprises
Nifty add around 8% gains in August: Rahul Sharma
Market at record highs, Nifty hits 17000 for the first time
Nifty Metal index rises 1 percent led by the Adani Enterprises, NALCO, Vedanta
Gold gains as dollar weakens; US jobs data in focus
Oil dips on hurricane impact on US refining, weak China data
Sun Pharma has exclusive right to commercialise Winlevi in US & Canada
BSE Power index up 1 percent led by the Indian Energy Exchange, Adani Power, Adani Transmission
Bharti Airtel share price rises as brokerages maintain buy; foresee up to 22% upside
L&T concludes the divestment of 99 MW hydro power plant with Renew Power
Divis Laboratories share price touches 52-week high
HFCL share price rises 1% on fundraising plans
Nifty IT index gains 1 percent led by the Coforge, HCL Technologies, Mphasis
Dollar near 2-week low as investors look to U.S. jobs data
Oil falls as US refiners shut down by damage from Hurricane Ida
Indian markets likely to open on a flat to negative note: ICICIDirect
Go Airlines gets Sebi nod for Rs 3,600 crore IPO
China's factory activity expands at slower pace in August, services contract
Japan's July factory output slips as COVID-19 hits car production
Asia shares ease as weak China data weighs
US stocks end at record highs as oil prices gain
SGX Nifty indicates a flat to negative start for the Indian indices:
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 62,625.63 | -223.01 | -0.35% |
| Nifty 50 | 18,563.40 | -71.15 | -0.38% |
| Nifty Bank | 43,989.00 | -6.25 | -0.01% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| IndusInd Bank | 1,331.05 | 27.20 | +2.09% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Hero Motocorp | 2,899.30 | -65.50 | -2.21% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Infra | 5574.25 | 3.30 | +0.06% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 4035.30 | -49.50 | -1.21% |
Rupee kept its upstream scaled to 73.10 up 0.30 on back of strong capital market performance. The softness in crude & dollar index prices also kept the pressure on USDINR helping the rupee scale higher.
With strong vaccination drive in India and economy opening strongly pushed the prices higher. Going ahead range for rupee can be seen between 72.75-73.25.
Bulls went on a rampage to notch up the fastest 1000 point rise in the Nifty this month to cross 17k with ease. FMCG & IT biggies together with the wireless & Bajaj twins made it look effortless ahead of the Q1 GDP numbers today.
Metal stocks too lent good support as indices soared over a percentage in late afternoon trade today as the street awaits the 4W auto numbers tomorrow with optimism.
Markets traded buoyant for yet another session and gained over a percent. The beginning was muted amid mixed cues however healthy buying across sectors such as financials, metal and pharma aided Nifty to test a new milestone i.e. 17,000. Finally, it ended near day’s high at 17,100 levels, up by 1%. The broader markets too remained optimistic and ended in the range of 0.6-0.7%.
It’s been a phenomenal move in Nifty as it inched from 16,000 to 17,000 in August month, after spending nearly two months in consolidation. Going ahead, participants will first react to GDP data in early trade on Wednesday i.e. September 1. Besides, the auto sales will also start pouring in.
We reiterate our bullish view on markets, with a focus on stock selection. The catch-up move in banking would now be the next deciding factor for the prevailing momentum to continue.
Led by bulls, domestic indices breached record highs amid broad-based buying due to continuation of Fed’s dovish policy and the expected release of domestic GDP data. Many business activities have rebound to pre-covid levels, the RBI had forecast June quarter GDP to grow at 21.6% on a YoY basis.
Benchmark indices rose to the record high levels for the second consecutive day on August 31 supported by the IT, power, healthcare and metal stocks.
At close, the Sensex was up 662.63 points or 1.16% at 57,552.39, and the Nifty was up 201.20 points or 1.19% at 17,132.20. About 1434 shares have advanced, 1537 shares declined, and 105 shares are unchanged.
Bharti Airtel, Bajaj Finance, Eicher Motors, Hindalco Industries and Shree Cements were the top Nifty gainers. Tata Motors, Nestle, IndusInd Bank, Reliance Industries and BPCL were among the top losers.
All the sectoral indices ended in the green, with IT, power, healthcare, metal, oil & gas indices up 1 percent each, while BSE midcap and smallcap indices up over 0.5 percent each.
The market witnessed the continuation of a positive trend, after sustaining above the level of 16900. The market has reached an important resistance level of 17000. It is suggested that if the market sustains above the level of 17000, the market expects to gain momentum, leading to an upside projection till 17200-17250 level.
The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook.
Vijaya Diagnostic Centre is the largest integrated diagnostic chain in southern India, by operating revenue, and also one of the fastest growing diagnostic chain by revenue for fiscal year 2020.
It offers an one-stop solution for pathology and radiology testing services to their customers through their extensive operational network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana; Andhra Pradesh; the National Capital Region and Kolkata.
Based on the above factors we recommend subscribe for listing gains for the issue.
Indian benchmark indices extended the gains in the final hour of trading with Nifty around 17100.
The Sensex was up 546.81 points or 0.96% at 57436.57, and the Nifty was up 164.00 points or 0.97% at 17095. About 1389 shares have advanced, 1554 shares declined, and 117 shares are unchanged.
The Board of Directors of SRF at their meeting considered and approved bonus issue of equity shares in the proportion of 4 equity share of Rs 10 each for every 1 equity shares of Rs 10 each held by the shareholders of the Company as on the record date, subject to the approval of shareholders. The stock was trading at Rs 10,279.15, up Rs 567.60, or 5.84 percent. It has touched a 52-week high of Rs 10,354.25.
