Stock markets open on positive note amid positive global cues; Nifty above 15,800-mark

The benchmark indices opened in the green today (June 25). The 30-share BSE index was trading 65.90 points or 0.13 percent higher at 52,764.90 in initial deals. Similarly, the broader NSE Nifty advanced 32 points or 0.20 percent to 15,822.45.

Tata Steel was the top gainer in the Sensex pack, rising over 3 per cent, followed by Maruti, HCL Tech, ICICI Bank, Maruti, Axis Bank and SBI.

On the other hand, Reliance Industries, HUL, Asian Paints, Kotak Bank and Nestle India were among the laggards.

In the previous session, the 30-share index Sensex ended 392.92 points or 0.75 per cent higher at 52,699. Similarly, the broader NSE Nifty surged 103.50 points or 0.66 per cent to 15,790.45.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 2,890.94 crore on Thursday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be muted as of now. "While Indian equities remained buoyant led by improved prospects of economic recovery in the backdrop of sharp contraction in daily caseload and ramp-up in vaccination programme, a sharp rise in crude price with Brent surpassing $75/barrel and recent weakness in INR have emerged as key overhangs for the market,” he said, PTI reported.

Asian markets up

Asian markets were mostly higher tracking US markets overnight. Nikkei and Hang Seng rose 0.5 percent each, while Kospi and Taiwan index gained 0.7 percent each.

Company to announce results today

Key companies announcing their quarterly results today are Atul Auto, Banco India and Finolex Industries. Immediate support and resistance for Nifty 50 are 15,600 and 15,900 respectively," said Mohit Nigam, Head, PMS - Hem Securities.

Fuel prices unchanged

Fuel retailers spared consumers of a further increase in fuel prices by keeping retail rates of petrol and diesel unchanged on Friday.

Accordingly, the price of petrol continues to remain at Tuesday's level of Rs 97.76 a litre and diesel Rs 88.30 per litre in Delhi.

In Mumbai, the price of petrol was held unchanged at an all-time high of Rs 103.89 per litre. Diesel price also continues to be at Rs 95.79 a litre, the highest among metros.

In Chennai, petrol is priced at Rs 98.88 per litre while the price of diesel is Rs 92.89 per litre. The price of petrol in Kolkata is Rs 97.63 per litre while diesel is sold at Rs 91.15 per litre.

international oil benchmark Brent crude was trading 0.22 percent higher at $75.73 per barrel.

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