Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices began Friday’s trading session in the green. S&P BSE Sensex was up more than 400 points or 0.75% to breach 59,200 while the NSE Nifty 50 index crossed 17,600 gaining more than 100 points. Bank Nifty moved past 39,200 while India VIX was down below 19 levels. Tata Steel was the top gainer on Sensex, up 2%, followed by Mahindra & Mahindra, and Tech Mahindra. Bharti Airtel was the worst-performing stock, down 0.37%, followed by Nestle India and Asian Paints.

Syrma SGS Technology shares listed on the stock exchanges today at a premium to the IPO price amid the positive market momentum. Shares of the company began trading on the NSE at Rs 260 per share, up 18.18% from the IPO price of Rs 209-220 apiece per share and on the BSE the stock debuted at Rs 262 apiece. The Rs 840 crore IPO was subscribed by investors earlier this month and was fully subscribed by all categories. The company had a market capitalisation of Rs 4,617.20 crore on its market debut. This was the first company in over two months to hit the market with an IPO.

Syrma SGS Technology shares listed on the stock exchanges today at a premium to the IPO price amid the positive market momentum. Shares of the company began trading on the NSE at Rs 260 per share, up 18.18% from the IPO price of Rs 209-220 apiece per share and on the BSE the stock debuted at Rs 262 apiece, rising 19.09 per cent. The Rs 840-crore IPO was subscribed by investors earlier this month and was fully subscribed by all categories. The company had a market capitalisation of Rs 4,617.20 crore on its market debut. This was the first company in over two months to hit the market with an IPO.

Though the approach to 17730 exposed vulnerability on anticipated lines, upside prospects remain alive as long as above 17550 on a closing basis. The day’s positive bias could be lost though if below 17640. A repeat breach of17500 could call for 17000.

Sensex and Nifty opened above 59,100 gaining 400 points on Friday morning. nifty 50 regained 17,600 while Bank Nifty was above 39,200. India VIX tanked 6%.

“Even though markets are focused on what the Fed chief Jerome Powel will say at Jackson Hole today, his comments are unlikely to trigger a market trend. Market knows, and has discounted, a hawkish Fed. More important will be the trends in the economy like the employment numbers. On this front there is optimism like the latest US unemployment claims which have come lower than expectations. This indicates a tight labor market and strong economy. In brief, the possibility of a soft landing for the US economy is increasing. This is good news for the market. Back home in India yesterday's 200 point correction from the peak in Nifty is due to expiry issues. This remains a 'buy on dips' market for the near term. Bank Nifty appears to be the strongest segment.”

Nifty has formed a bearish engulfing top on daily charts and seems to have formed a lower high on a short term basis. Unless the high of 17727 is breached, Nifty could witness declines/sell on rallies. A downward breach of 17345 could lead to acceleration in the fall,”