Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a gap-up opening on the first day of the week. Image: ReutersShare Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a gap-up opening on the first day of the week. The trend on SGX Nifty was largely positive, with Nifty futures trading 81 points or 0.53 per cent up at 15,239 on Singaporean Exchange in early trade. Headline indices gained nearly one per cent in the previous week. Stocks in the Asia Pacific were seen trading higher on Monday, while markets in China, Hong Kong, Taiwan stock markets were closed for Lunar New Year holidays. South Korea’s Kospi was up 1.35 per cent and Japan’s Nikkei 225 rose 1.09 per cent. In overnight trade on Wall Street on Friday, US stocks ended marginally higher. The Dow Jones Industrial Average gained 0.1 per cent, while the S&P 500 and the Nasdaq Composite both rose half a per cent.
The Rs 100-crore Nureca Ltd initial public offering (IPO) is scheduled to open for subscription today in the price band of Rs 396-400 apiece. On Friday, the company raised Rs 44.55 crore from two anchor investors – Nexpact Ltd and Next Orbit Ventures Fund. Nureca IPO will close for subscription on February 17, 2021. The bids for the public issue can be made for a minimum of 35 equity shares and in multiples thereafter.
Highlights
A total of 23 BSE-listed companies including Jet Airways, CDG Petchem, Emmsons International, Eureka Industries, Hawa Engineers, Hindustan Everest Tools, JIK Industries, Sunraj Diamond Exports, Vishvprabha Ventures and Vantage Knowledge Academy, among others are slated to announce their quarterly earnings on February 15.
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Sensex and Nifty were net gainers in the previous week even though they traded flat for most of the days. S&P BSE Sensex now sits at 51,544 points while the broader 50-stock NSE Nifty is at 15,163. The upward march could continue on Monday as SGX Nifty jumped over 75 points during the early hours of trade. “Based on the chart of large-cap companies, the weakness is increasing in the short term and it would probably lead to a quick correction to the level of 50,500 or 50,600. If the Sensex crosses 51,900 for the 52,750 levels, it would be advisable to buy. Below the level of 51300 would lead to further weakness,” said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
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On Friday, foreign institutional investors (FIIs) offloaded shares worth Rs 37.33 crore on a net basis, while domestic institutional investors (DIIs) too sold shares worth Rs 597.62 crore in the Indian equity market, according to the provisional data available on the NSE.
The trend on SGX Nifty was largely positive, with Nifty futures trading 81 points or 0.53 per cent up at 15,239 on Singaporean Exchange in early trade.
Stocks in the Asia Pacific were seen trading higher on Monday, while markets in China, Hong Kong, Taiwan stock markets were closed for Lunar New Year holidays. South Korea’s Kospi was up 1.35 per cent and Japan’s Nikkei 225 rose 1.09 per cent.
The Rs 100-crore Nureca Ltd initial public offering (IPO) is scheduled to open for subscription today in the price band of Rs 396-400 apiece. The issue will be sold in the price band of Rs 396-400 apiece. The company enables its customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle. Nureca Ltd is a B2C company engaged in the business of home healthcare and wellness products, and sells its products through online channel partners such as e-commerce players, distributors and retailers.
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