Investors will continue to watch the newsflow related to COVID-19 vaccine, rising coronavirus cases, oil prices, rupee movement and other global cuesShare Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 are likely to open in positive territory on Thursday, as suggested by the trends on SGX Nifty. Nifty futures were trading 21 points up at 13,175 on Singaporean Exchange in the early deals. Market participants will await RBI MPC meeting outcome scheduled to be announced on Friday. Besides, investors will continue to watch the news flow related to COVID-19 vaccine, rising coronavirus cases, oil prices, rupee movement and other global cues. Asian stock markets were little unchanged in the early morning deals. The Shanghai Composite was down 0.33 per cent while the Shenzhen component shed 0.39 per cent. While Japan’s Nikkei 225 was marginally higher. According to Reuters, Wall Street stocks were mixed on Wednesday, with the Nasdaq dipping and S&P 500 index climbing as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package with a bleak private jobs report.
Quick service chain Burger King India initial public offer (IPO) got fully subscribed on the day one. The Rs 810-crore IPO was subscribed 3.1 times on the first day. The company has reserved up to 75 per cent of the issue for Qualified Institutional Buyers (QIB) while 15 per cent for Non-Institutional Investors (NIIs).
Highlights
Nifty futures were trading 29.50 points up at 13,183.50 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Thursday. In the previous session, Sensex ended flat while Nifty 50 posted a record closing at 13,114 levels. Analysts expect December to witness significant consolidation with any meaningful dip being a good buying opportunity.
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Nifty continued its upside momentum amidst a volatility on Wednesday and closed the day on a flat note. After opening on a slightly positive note, Nifty slipped into weakness in the early to mid-part of the session. A sharp upside recovery has emerged from intraday low in the afternoon to later part of the session and Nifty finally closed near the upper end of a range.
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On Wednesday, foreign institutional investors (FIIs) bought shares worth Rs 357.35 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 1,635.97 crore in the Indian equity market on a net basis, according to the provisional data available on the NSE.
Maximum Call Open Interest (OI) is placed at 13,000 strike 27.51 lakh contracts, followed by 19.45 lakh contracts at 13,500 strike. Put OI is maximum at 12,000- strike with 30.4 lakh contracts for the December series. This is followed by 13,000 strike with 27.21 lakh contracts
After nearing their all-time highs, Sensex and Nifty ended yesterday’s volatile trading session flat. S&P BSE Sensex now sits at 44,618 points while the NSE Nifty 50 is at 13,113. “A small negative candle was formed on Wednesday with lower shadow, which signal a formation of hanging man type candle pattern. Normally, a formation of hanging man after a reasonable upmove are considered as a warning signal for reversal of trend post confirmation,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He, however, casted doubts on immediate negatives.
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BSE Sensex ended 37 points or 0.08 per cent down at 44,618, while the broader Nifty 50 index settled 5 points up at 13,114.
The S&P 500 climbed to a record high close on Wednesday and the Nasdaq Composite Index dipped as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package against a bleak private jobs report.
Asian stock markets were little unchanged in the early morning deals. The Shanghai Composite was down 0.33 per cent while the Shenzhen component shed 0.39 per cent. While Japan’s Nikkei 225 was marginally higher.