25 May , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets started Wednesday’s trade with gains. S&P BSE Sensex rose more than 280 points or 0.5% to breach 54,300 while the NSE Nifty 50 index was above 16,200. Bank Nifty too was up with gains, rising nearly 1%. India VIX, the volatility gauge, was down in red, giving up 25 levels. IndusInd Bank was the top gainer on Sensex up nearly 2%, followed by NTPC, Kotak Mahindra Bank, HDFC, and ICICI Bank. Asian Paints was the worst-performing stock on Sensex, down 2.2%, accompanied by Tech Mahindra, TCS, HCL Tech and Infosys.
Aether Industries’ IPO witnessed decent demand on the first day of subscription with the overall subscription reaching 0.33 times. Qualified Institutional Buyers (QIB) have subscribed their portion of the issue 0.36 times so far while the non-institutional investor portion has been subscribed 0.05 times. Retail investors have bid for their quota 0.42 times. Employees of the company have bid for their portion of the issue 0.54 times. Aether Industries IPO will close for subscription on May 26.
“Global equity markets have been turbulent as investors analyse the future for monetary policy, inflation, and the impact of China's tough capital controls. Investor sentiment is unstable, with foreign institutional investors pulling out of Indian shares due to a global collapse, rising inflation, and impending central bank tightening. In these situations, investors should exercise caution and take advantage of any declines in fundamentally sound companies. Immediate support and resistance for Nifty are 16,000 and 16,400 respectively. Immediate support and resistance for Bank Nifty are 34000 and 35,000 respectively,”
“We expect index to trade with a positive bias while sustaining above Tuesday’s low of 16035. Hence, use intraday dip towards 16074-16108 for creating long position for the target of 16194,”
Adam Smith famously said – “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest.” What was left unsaid was that the baker makes money because society at large is willing to pay for bread. In capitalistic economies, while profit maximization is the goal, it is not divorced from the demands of society. In fact, it is intricately entwined with them. And what society wants today is undergoing a massive shift. A shift towards sustainability and social responsibility. Businesses that fail to deliver on these demands face serious risks.
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