06 Jul , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets began Wednesday’s trading session with gains. S&P BSE Sensex rose more than 250 points or 0.50% to breach 53,400 while NSE Nifty 50 added 60 points or 0.40% to sit above 15,850. Bank nifty index was above 34,000 mark while India VIX was in the red but still above 20 levels. Asian Paints was the top Sensex gainer, up 2.67%, followed by Bajaj Finance, and IndusInd Bank. Tata Steel was the top laggard, down 1.46%, accompanied by Power Grid, and NTPC.
“Nifty may spend more time in the band of 15500 to 15890 before making any further attempt to change its track. The silver lining is the fall in oil prices and slight positive action by FIIs For the day, bearish if we sustain below 15,800,”
Sensex was up 250 points or 0.45% at 53,400 on Wednesday morning. Nifty 50 index gained 50 points or 0.35% to sit comfortably above 15,800 mark.
Following the dramatic decline in crude oil prices, which plunged 8% to drift below $100 a barrel for the first time since May, Indian markets are poised to make an upbeat start. A sudden reversal in banking and IT equities caused Indian markets to give up intraday gains of more than 1% in the final hour of trading and end negative on Tuesday. After a tumultuous session, the US markets closed mainly higher on Tuesday. Data from the Labor Department revealed that close orders for manufactured goods grew 1.6 percent month over month in May after increasing by a month earlier that had been upwardly revised by 0.7 percent. According to preliminary data made public on the NSE, foreign institutional investors (FIIs) became net purchasers on July 5 for the first time since May 30, purchasing shares worth Rs 1,295.84 crore. The food ministry has convened a meeting with edible oil industry bodies and manufacturers to discuss lowering the retail pricing of cooking oils in light of falling worldwide prices, so there will be some reaction in the stocks of the edible oil business,”
Sensex and Nifty were down in the red in pre-open session. Sensex was down 90 points while Nifty 50 was just above 15700.
Nifty gave up morning gains on July 05 and ended in the negative. At close Nifty was down 0.15% or 24.5 points at 15810.9. Expectedly, Nifty ran into resistance at higher levels. As long as it stays above 15704, there is a hope of an upward move till 16173.
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