Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets started the day’s trade in the positive territory. S&P BSE Sensex rose more than 250 points or 0.4% to sit above 59,300 while the NSE Nifty 50 index breached 17,650. Bank Nifty was above 39,200 and India VIX tanked 4.5% to give up 18 levels. Bharti Airtel was the top gainer on Sensex, up 1%, followed by Bajaj Finserv, and Titan. Asian Paints was the only laggard on the index. Broader markets were mirroring the up-move.

DreamFolks Services IPO enters the second day of subscription today after having been oversubscribed on day one itself. The Rs 562 crore initial public offering (IPO) saw massive interest on the first day of sale with both Non-Institutional Investors (NII) and retail investors oversubscribing their portions. Retail portion of the issue has been subscribed 7.93 times so far while the NII quota has been bid for 1.39 times. Qualified Institutional Buyers (QIB) portion saw the least activity at 0.25 times. Investors can continue to bid for the issue today and tomorrow as well in a fixed price band of Rs 308-326 per share.

“A revisit of 17966 is on the cards with 17730 and 17800 poised to ask questions. Alternatively, inability to float above 17690 would diminish upside hopes, but we prefer to keep the downside marker at 17550,”

S&P BSE Sensex rose more than 250 points on Thursday morning to sit above 59,300 while the NSE Nifty 50 index breached 17,650. Bank Nifty neared 39,200.

“The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: One, the strong growth momentum in the economy and two, the steady FII flows even when the Dollar has been appreciating. The FII inflows are steady since the market perception is that the dollar has peaked. So the near-term texture of the market is likely to remain 'buy on dips.' The Bank Nifty is strong and is likely to remain strong since it has fundamental support. Large-caps are better placed in the current phase of the market. The resilience of the capital goods segment reflects the expanding capex cycle theme,”

Indian share market may open higher on Thursday. Ahead of the monthly futures & options (F&O) expiry session, SGX Nifty was up with gains, suggesting a flat to positive start for frontline indices BSE Sensex and NSE Nifty 50. In the previous session, domestic equities witnessed a volatile trading session but managed to end the day with marginal gains. “Nifty consolidated for the second consecutive day wherein the declines are getting bought. Amidst fragile global sentiments, FII buying is providing support to the market though investors are staying on sideline ahead of monthly F&O expiry on Thursday and are cautiously awaiting the outcome of Jackson Hole symposium meeting and US GDP data, due later this week,”