Asian stock markets were trading mixed in the early trade on Friday.Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a gap-up start on the last day of the week. The trend on SGX Nifty was positive, with Nifty futures trading 24 points up at 13,768 on the Singaporean Exchange. In the previous session, Sensex and Nifty logged record closing peaks for the fifth consecutive session, at 46,890 and 13,740, respectively. Asian stock markets were trading mixed in the early trade on Friday. Japan’s Nikkei 225 dipped 0.05 per cent while the Topix index advanced 0.13 per cent. In overnight trade, Wall Street’s three main indices ended at record highs. The Dow Jones Industrial Average rose 0.44 per cent, while the S&P 500 gained 0.53 per cent and the Nasdaq Composite added 0.68 per cent.
Mrs Bectors Food Specialities initial public offer (IPO) was subscribed a whopping 197.34 times on the last day of subscription. Non-institutional Investors showed the most interest in Mrs Bectors, subscribing 621 times. Mrs Bectors Food is the largest supplier of buns in India to quick service restaurants (QSR) chains such as Burger King, McDonald’s, KFC, Carl’s Jr, Pizza Hut and Dominos Pizza. Investors are now rallying behind Mrs Bectors to replicate the gains of Burger King.
Highlights
Domestic bullion could start flat this Friday morning, tracking the international prices. Technically, MCX Gold February gave a breakout above the 65-Daily Moving Average at 50000 levels which will continue its upside momentum upto 50500-50750 levels. Support is at 50100-49900 levels. MCX Silver March is trading above 68000 levels which will continue its bullish momentum up to 68800-69400 levels. Support is at 67500-66300 levels. MCXBULLDEX December ended on a positive note above 15700 will continue its Bullish momentum. It could trade in a range of 15600-15950 levels: Sriram Iyer, Senior Research Analyst at Reliance securities
Stock markets rose on Thursday and closed the day at record highs once again. S&P BSE Sensex now sits at 46,890 while the 50-stock NSE Nifty is at 13,740. The rally in recent weeks has been aided by foreign institutional investors who have been pumping money into Indian stock markets as the country’s economic activity picks up pace. Broader markets underperformed the benchmarks with midcap and smallcap gauges closing in the red. Sectorally, Nifty Media, Metal, and PSU Bank were the top drags while Nifty Financial Services and Nifty Realty gained.
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Foreign institutional investors (FIIs) bought shares worth Rs 2,355.25 crore while domestic institutional investors (DIIs) sold shares worth Rs 2,494.36 crore on a net basis in the Indian equity market, according to provisional data available on the NSE.
In overnight trade, Wall Street’s three main indices ended at record highs. The Dow Jones Industrial Average rose 0.44 per cent, while the S&P 500 gained 0.53 per cent and the Nasdaq Composite added 0.68 per cent.
Asian stock markets were trading mixed in the early trade on Friday. Japan’s Nikkei 225 dipped 0.05 per cent while the Topix index advanced 0.13 per cent.
Mrs Bectors Food Specialities’ IPO was subscribed a massive 197.36 times by investors at the time of closing bell on Thursday. The three day bidding process came to a close with all categories of investors oversubscribing their portion of the issue. Non-institutional Investors showed the most interest in Mrs Bectors, subscribing 621 times. With this Mrs Bectors has out-done the subscription rate of Burger King — the youngest stock to debut on Dalal Street. Burger King — one of the most profitable listings on the bourses this year — was subscribed 156 times by investors.
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