Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened on a positive note amid mixed global cues. The BSE Sensex rose 773.08 points or 1.46% to 53565.31, and the NSE Nifty 50 was up 240.40 points or 1.52% at 16049.80. All Sensex shares opened higher, led by gains in Tata Steel, SBI, Axis Bank, IndusInd Bank, Bharti Airtel, Titan, HUL and L&T, up 1.7-3%. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, rising up to 1.7%. JSW Steel, Hindalco Industries, Tata Steel, Tata Motors and Hero MotoCorp were among major gainers on the Nifty

Prudent Corporate Advisory Services is going to list on the exchanges today. The public offer opened between May 10-12 with a price band of Rs 595-630 a share. The issue received bids for 73.29 lakh equity shares against an offer size of 60.18 lakh equity shares, subscribing 1.22 times on May 12, the final day of bidding. Retail investors have bought 1.29 times of the allotted quota and employees bid for shares 1.23 times the reserved portion. The part set aside for non-institutional investors has been booked 99 percent, while qualified institutional buyers (QIB) portion was booked 1.26 times.

All Sensex shares opened higher, led by gains in Tata Steel, SBI, Axis Bank, IndusInd Bank, Bharti Airtel, Titan, HUL and L&T, up 1.7-3%. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, rising up to 1.7 per cent.

Indian indices opened on positive with Nifty above 16,000. The Sensex was up 773.08 points or 1.46% at 53565.31, and the Nifty was up 240.40 points or 1.52% at 16049.80. About 1547 shares have advanced, 257 shares declined, and 64 shares are unchanged.

“SGX Nifty bucking the overnight weakness in US markets is indicating Nifty's downward momentum from yesterday's trades is likely to fizzle out. Another positive catalyst is the 3% drop in U.S Treasury bond yields and 1?ll in the US Dollar Index. However, Nifty is still at the risk of a collapse due to concerns of FII selling, higher oil prices, rising inflation, hawkish US Federal Reserve, and a probable aggressive rate hike by the RBI. Technically speaking, sell-off on Dalal Street can gain steam if Nifty slips below 15671 mark and below the same, it could slip further to 15000 mark. Bulls have a chance to fight only above 16411 mark.”

Benchmark indices are trading higher in the pre-opening session. The Sensex was up 352.16 points or 0.67% at 53,144.39, and the Nifty was up 194.80 points or 1.23% at 16,004.20.

“Benchmark indices is expected to make gap up opening today as suggested by early trends on SGX nifty. Indices is set to trade with firm gains amid positive signals from its Asian peers. US markets ended the day in red as fear of rising inflation and slowdown in economic growth looms. On Thursday bears continued the downward pressure as nifty fell more than 2.5% amid global sell off. The IPO of eMudhra will be opening today for subscription. On the technical front, the key resistance level for Nifty50 is 15,900 followed by 16100 and on the downside 15,750 and 15,600 will act as strong support. They key resistance level for bank nifty is 33,550 followed by 33,800 and on the downside 33,100 and 32,900 will act as strong support.”

“The tussle between bulls and bears is likely to intensify amidst optimism about a global recovery in the backdrop of easing Covid-19 related restrictions in China as against stagflation fears. Technically, benchmark Nifty has support at 16027 and below the same, it could swiftly move to 15671 mark. The index could find strength only above 16607 mark on closing basis with 200- DMA at 17256 mark.”