Bombay Stock Exchange
Bombay Stock Exchange

As indicated by SGX Nifty, the stock markets opened on a flat note on Tuesday amid tepid cues from global markets.

The 30-share BSE index was trading 54.44 points or 0.10 percent higher at 52,382.95 in initial deals. Similarly, the broader NSE Nifty advanced 13.85 points or 0.09 per cent to 15,765.50.

Tech Mahindra was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Finance, Infosys, HCL Tech, NTPC and TCS.

On the other hand, ONGC, SBI, IndusInd Bank, Sun Pharma and ICICI Bank were among the laggards.

In the previous session, Sensex rose 228.46 points or 0.44 per cent to finish at its all-time high of 52,328.51, and Nifty surged 81.40 points or 0.52 per cent to a record 15,751.65.

FMCG and auto sectors were capped by losses in heavyweight banks, financials. Reliance Industries was down Rs 7.40 or (-) 0.33 percent at Rs 2,220.00 share apiece at 9.32 AM.

At 9:18 am, the Sensex was up 6 points at 52,335 while the Nifty rose 8 points to 15,760.

Tech Mahindra, NTPC, HCL Tech were the major gainers while State Bank of India, ICICI Bank and Reliance were the losers.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth 186.46 crore on Monday, as per provisional exchange data.

“Domestic equities look to be modestly good as of now. Daily caseload falling below one lakh yesterday first time after two months and government assuring state governments to supply Jabs at own cost for all offer additional comfort,” said Binod Modi, Head-Strategy at Reliance Securities.

Q4 FY2021 results today

Stock specific actions due to Q4 results can be witnessed in stocks like EIL, Galaxy Surfactants, Max Fin. Services, Prestige Estates, Petronet LNG, Suven Pharma etc. Immediate resistance levels for Nifty 50 are 15850 and 16000 while key support levels for Nifty 50 are 15500 and 15300, said Mohti Nigam, Head-PMS, Hem Securities

A total of 46 companies including Engineers India, Petronet LNG, Max Financial Services, Essar Shipping, Galaxy Surfactants, Jindal Hotels, KM Sugar Mills, Prestige Estates Projects, Shemaroo Entertainment, Surya India, Suven Pharmaceuticals, Talbros Automotive Components, Titagarh Wagons, Vipul Organics, Winsome Textile Industries, and Wonderla Holidays among others are scheduled to announce their January-March 2021 results today.

Asian stocks up

US equities ended mixed with Dow and S&P 500 recording moderate contraction. However, soft bond yield, supported by lower-than-expected Job data for May, helped tech-led Nasdaq to extend gain, said Modi, Head-Strategy at Reliance Securities.

Elsewhere in Asia, bourses in Shanghai, Tokyo and Hong Kong were in the red in mid-session deals, while Seoul was trading with gains.

Australia’s S&P/ASX 200 was up 0.32 percent at 0130GMT, while Japan’s Nikkei 225 edged up 0.35 percent, as the country revised first-quarter data showing the economy shrank at a slower pace than initially reported, said Reuters.

MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.11percent, following the path taken by its All-Country World Index which advanced 0.1 percent on Monday, hitting its sixth record close in seven days. Hong Kong’s Hang Seng Index opened up 0.4 percent while China’s benchmark CSI300 Index opened flat.

Petrol, diesel prices unchanged

Petrol and diesel prices remain unchanged on Tuesday after two consecutive days of price hike. The price of petrol in the national capital is at an all-time of Rs 95.31 per litre in Delhi and diesel at Rs 86.22 per litre.

In Mumbai, petrol is being retailed at Rs 101.52 per litre and diesel at Rs 93.58; in Kolkata petrol is priced at Rs 95.28 and diesel at Rs 89.07 per litre each while in Chennai, petrol is retailed at Rs 96.71 per litre and diesel at Rs 90.92 per litre.

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