Benchmarks recovered on July 27 after a two-week rally with Sensex and Nifty making gains on IT.
The BSE 30-share index rose 547.83 points, or 0.99%, to 55,816.32. It rose 584.6 points, or 1%, to 55,853.09.
The broader NSE Nifty rose 157.95 points, or 0.96%, to 16,641.80.
Sun Pharma led the Sensex pack up 3.39%, followed by Bank of India, Larson & Toubro, Asian Paints, TCS, Ultratech Cement, Bajaj Finance, and IndusInd Bank.
Bharti Airtel, Kotak Mahindra Bank, NTPC, Bajaj Finserv, and Reliance Industries lost 1.32%.
Depending on the outcome of the FOMC (Federal Open Market Committee) meeting, the Indian market will react to global trends. We are in for a month and a half rally that will push prices higher. After
The market is not breaking since the stock is still only marginally trading above the long-term trend. Purchasing stocks should be a wise investment, even if the risk is minimal, according to Vinod Nair., director of financial services research at JioG. . . . . . . . . . . . . . . . .
Maruti Suzuki India’s net profit for the financial year ended June 30 increased by 1.62% to Rs 1,036 crore on Wednesday. . . . .
“The domestic market is positive again after a two-day break.” The strong performance of index heavyweights like Asian Paints, L&T, Maruti, and Tata Steel boosted investor confidence.
The US Federal Reserve is anticipated to announce another 75 basis point rate hike to prevent runaway inflation, and all eyes will be on them. Moreover, the Fed’s perspective on future historical performance will boost the market, said Siddharth Khemka, head of retail research at MathilalOswal Financial Services Ltd.
- US Markets Today
- Rs 10,000 crore from ICICI Bank in one or more phases.
- MM Forgings made a profit after announcing the acquisition of an 88% stake in Abhinava Rizel.
- India’s GDP is expected to grow by 13.5% from April to June 2022.
Sensex 56,000, shrewd 16,700; Ultratech shines.
Equity markets close: India’s benchmark ended the day on a strong note, up 0.7%. Sensex increased by 390 points and Nifty by 115 points. While banking stocks are healthy in today’s session, the IT sector is strong. Asian markets had a mixed day, with China leading the way with losses, while the Nikkei was in losses.
Asian markets had a mixed day today with the Nikkei, Sensex, and Nifty closing positive, while Chinese indices ended the day higher. Europe was on high alert in July as investors considered the ramifications of financial crisis news.
Sensex and Nifty ended the trade up 0.7%. Sensex was up 390 points while Nifty gained 115 points.
After a flat morning, India’s future is finally assured. The indices have closed positive for six consecutive days. Sensex gained 390 points at 56,072 and Nifty gained 114 points at 15,700.
Banking stocks had a good day, with shares of HDFC advancing. Finally, I.T. Ultratech gained 5% on strong quarterly medical/healthcare stock reports. Infosys fell 1.5% during today’s session.
Asian markets had a mixed day. Chinese stocks fell sharply yesterday amid heightened concerns about growth prospects and geopolitical risks related to the COVID-19 pandemic. The Shanghai Composite fell 0.1% to 3,269.97 and the Hang Cheng gained 0.2% to 20,609.14.
Tokyo stocks erased most of Thursday’s losses on better business confidence amid Japanese corporate earnings. The Nikkei 225 was last up 0.40% to 27,914.
The RBI chief said the rupee is appreciating but excessive volatility and volatility will not be tolerated and will continue to invest in foreign currencies.
European stocks fell on Friday after the ECB raised interest rates on Thursday, a report said, as a slowdown in manufacturing and inflation in eurozone economic activity weighed on government spending. consumption. . . .
Nifty Realty rose 22% in three days. According to sector experts, this is the sweet spot
Timber real estate has seen tremendous growth this year, with the real Nifty index up 57 percent year-on-year compared to 27 percent for the benchmark Nifty50.
The real estate Nifty has fallen 22 percent in the past three quarters as global markets struggle to digest the Evergrande crisis.
Evergrande – China’s second-largest property developer – has defaulted on debt, which could send China’s stock market into a slump and send shockwaves around the world.
But this fluctuation is not felt in the Indian market, especially in the real market, although some of these companies have a lot of debt.
Some analysts say that India’s Overgrand plan is a mystery.
There are few quick exits from the Indian market, and Chinese firms looking for foreign investment to replace lost sales have few options. Investors are investing more in India,” said Vijay Kumar Gaba. Director of Equal India Foundation.
in sweet place
The Evergrande sector is likely to be more expensive than the Indian real estate sector due to several factors such as low-interest rates, government policies, and signs of economic recovery…
Ashis Biswas, head of technology research at Capital V Global said: “The real estate index has performed well in recent days supported by high-interest rates and government policies. Technology development in the country is one of the reasons for this investment.”. inquiry
Some financial institutions such as HDFC, State Bank of India (SBI), Bank of Baroda, Kotak Mahindra Bank, and Punjab National Bank (PNB) have reduced their mortgage lending which is expected to increase. . .
Also Read: Sensex, Nifty open higher despite weak global cues
According to trading firm Motilal Oswal Financial Services, more than 6,000 units were registered in the first few days of September 21 and a total of 5,913 units till September 2018.
“Though registrations dropped after Shradd’s entry, where 50 to 100 units were registered daily, registrations were close to 7,000 units, a decade-long record,” says MethilOswal.
While it’s clear that Evergrande, the second largest real estate company in China, has a huge impact on China’s economy and economy in general, it may not have an impact on the players.
“The Evergrande segment is affected by global prices. But it is not part of India’s significant investment. The maximum cost of production will reduce India’s cost of doing business,” he said. Mitul Shah, Head of Securities Research Trust.
“We expect housing prices to remain stable. In addition, the development of affordable housing and the support of financial institutions for low-income buyers will increase the value of cash,” Shah explained.
Doresh Vakil, Vice President of Market Research, HDFC Securities, noted: Favorable government policies will help this sector.
The stamp duty reduction implemented by the Karnataka government has reduced the stamp duty from 5% to 3%. This lawyer said: This action encourages middle-class buyers to buy these houses.
Vakil said: Many stock market participants are worried about the problems of the Chinese real estate market, and we think that these concerns will increase and will not affect Indian real estate.