Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets soared higher on Thursday’s opening bell. S&P BSE Sensex was up 450 points or 0.84% to breach 54,200 while NSE Nifty 50 index gained 138 points or 0.87% to sit above 16,100. Bank Nifty was above 1% while India VIX slipped below 20 levels, falling 2.57%. Titan was the top gaining stock, up more than 6%, followed by Asian Paints, and Kotak Mahindra Bank. Bharti Airtel and Hindustan Unilever were the only two Sensex stocks in the red.

The Reserve Bank of India (RBI) has announced a slew of measures to boost foreign exchange inflows, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route. The move is expected to help the tumbling rupee. In a statement laying down easier norms for sourcing of deposits from non-resident Indians (NRIs), debt investments by foreign portfolio investors (FPIs) on the shorter end and foreign currency borrowings, the central bank said that all capital flows, barring portfolio investments, remain stable and an adequate level of reserves provide a buffer against external shocks.

Sensex rose more than 450 points or 0.85% on opening bell to regain 54,200 while the Nifty 50 index breached 16,100.

The Federal Reserve was committed to lowering inflation, according to the minutes from its most recent monetary policy meeting, which helped the US markets conclude the day higher on Wednesday. According to the minutes, the central bank's members predicted a further rise of 50 or 75 basis points at the July meeting. There may be some caution as the head of the International Monetary Fund (IMF) stated that the outlook for the world economy had dramatically worsened since April and that, given the increased risks, she could not rule out the possibility of a worldwide recession next year. A private report claims that the edible oil sector has informed the government that retail prices will be further reduced by at least Rs 10-15 per litre in the coming weeks. This will put edible oil industry stocks in the spotlight,” 

Nifty Put options OI distribution shows that 15,800 has highest OI concentration followed by 15,900 and 15,700 which may act as support for current expiry and on the Call front 16,200 followed by 16,300 & 16,100 witnessed significant OI concentration and may act as resistance for current expiry. Options data suggest an immediate trading range between 15,800 and 16,200 levels with 16000 acting as pivotal levels

“Nifty rose on July 06 despite not so encouraging Asian cues and retested 16000 levels. At close, Nifty was up 1.13% or 178.9 points at 15989.8. In the process, Indian markets were the best performer in the Asian region. Nifty rose well on July 06. A move above 16026 could result in more upsides while 15785 could be near-term supports