05 May , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened with strong gains tracking robust global sentiment after the US Fed’s in-line rate hikes. The BSE Sensex rose 500 points to 56,175, while the NSE Nifty 50 climbed 150 points to 16,828. Infosys, Tata Steel, Tech M, Wipro, Mahindra and Mahindra, Kotak Bank, ICICI Bank, Axis Bank, and IndusInd Bank were the top gainers in the Sensex pack, while Nestle, HUL, Bharti Airtel and NTPC, meanwhile, were the sole losers. In the broader markets, the BSE MidCap and SmallCap indices also opened firmly in the positive territory, up to 0.9% higher.
Prudent Corporate Advisory Services has set the price band for its IPO (Initial Public Offering) at Rs 595-630 per equity share of face value Rs 5 each. The independent retail wealth management services firm’s IPO will open on Dalal Street on May 10 next week. The issue is entirely an offer for sale by existing investors of the company. Prudent Corporate Advisory is amongst the top mutual fund distributors in terms of average assets under management (AAUM) and commission received. Ahead of the issue, shares of Prudent were trading at a grey market premium of Rs 35 per share in the unlisted space.
While, HeroMotocorp, ONGC, and Hindalco were the top Nifty winners, Tata Consumer, Apollo Hospitals, Nestle, HUL, Bharti Airtel, and NTPC, meanwhile, were the top losers.
Infosys, Tata Steel, Tech M, Wipro, Mahindra and Mahindra, Kotak Bank, ICICI Bank, Axis Bank, and IndusInd Bank were the top gainers in the Sensex pack, while Nestle, HUL, Bharti Airtel and NTPC, meanwhile, were the sole losers.
Indian indices opened on positive note with Nifty above 16,800 on the back of firm global cues. The Sensex was up 516.68 points or 0.93% at 56185.71, and the Nifty was up 157.20 points or 0.94% at 16834.80.
“Benchmark Indices are expected to open on a positive note as suggested by trends on SGX Nifty. US markets closed higher yesterday after FED announced interest rate hike of 50 bps. Jerome Powell said “75 bps hike is not something that the committee is actively considering”. This statement led to market rally as the FED signalled similar moves for nest few meetings. Investors should be cautious in these markets and can use these dips to make fresh positions in fundamentally sound stocks. Asian markets are also trading in green in the early morning trade. Earnings today include Adani Transmission, Dabur, Marico, Indus Towers, Voltas, TVS Motor, Sona BLW Precision Forgings, Happiest Minds, CEAT etc. Immediate support and resistance for Nifty are 16,500 and 17,000 respectively. Immediate support and resistance for Nifty are 34,800 and 36,000 respectively.”
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