stock market today, BSE Sensex And the Indian equity benchmark index Nifty 50 hit new highs in trade today, with the 30-share index breaching the 80,000 mark for the first time ever. The Nifty 50 also hit a new high of 24,292. At 9:22 am, the BSE Sensex was trading at 79,935.12, up 494 points or 0.62%. nifty 50 It was up 134 points or 0.75% at 24,257.60.
On Tuesday, the benchmark Nifty experienced profit booking after scaling new highs above the 24,200 level. Motilal Oswal Financial Services has said, “We expect this upward momentum to continue with Nifty consolidating in the higher region while there will be some volatility due to Fed Chairman Powell's speech and the release of the meeting minutes.”
According to Nagaraj Shetti of HDFC Securities, Nifty remains strong as per the long term chart, and the upside momentum is expected to resume soon after the consolidation movement. The immediate support is at 23,980, while the next resistance to watch is around 24,400.
global market S&P 500 futures and Nasdaq 100 futures showed mixed trends, with S&P 500 futures little changed. Hang Seng futures rose 0.5%, Japan's Topix gained 0.2%, Australia's S&P/ASX 200 gained 0.3%, and Euro Stoxx 50 futures rose 0.3%. In the foreign exchange market, the euro, Japanese yen, offshore yuan, and Australian dollar all changed little against the U.S. dollar.
Oil prices jumped in early Asian trade on Wednesday, with Brent crude oil futures rising 16 cents to $85.60 a barrel and US West Texas Intermediate crude futures gaining 14 cents to $82.95 a barrel. The rise was driven by industry data that showed a bigger-than-expected drawdown in US crude inventories, raising hopes of a rise in demand for the solid fuel during the summer season in the top oil-consuming nation.
India Cements and Indus Towers are the two stocks in F&O ban today. Foreign portfolio investors became net sellers of Rs 2,000 crore on Tuesday, while DIIs bought shares worth Rs 648 crore. The rupee declined by 4 paise to close at 83.48 against the US dollar on Tuesday, tracking a stronger dollar overseas and a rise in global crude oil prices.
FIIs' net long declined from Rs 3.5 lakh crore on Monday to Rs 3.46 lakh crore on Tuesday.
On Tuesday, the benchmark Nifty experienced profit booking after scaling new highs above the 24,200 level. Motilal Oswal Financial Services has said, “We expect this upward momentum to continue with Nifty consolidating in the higher region while there will be some volatility due to Fed Chairman Powell's speech and the release of the meeting minutes.”
According to Nagaraj Shetti of HDFC Securities, Nifty remains strong as per the long term chart, and the upside momentum is expected to resume soon after the consolidation movement. The immediate support is at 23,980, while the next resistance to watch is around 24,400.
global market S&P 500 futures and Nasdaq 100 futures showed mixed trends, with S&P 500 futures little changed. Hang Seng futures rose 0.5%, Japan's Topix gained 0.2%, Australia's S&P/ASX 200 gained 0.3%, and Euro Stoxx 50 futures rose 0.3%. In the foreign exchange market, the euro, Japanese yen, offshore yuan, and Australian dollar all changed little against the U.S. dollar.
Oil prices jumped in early Asian trade on Wednesday, with Brent crude oil futures rising 16 cents to $85.60 a barrel and US West Texas Intermediate crude futures gaining 14 cents to $82.95 a barrel. The rise was driven by industry data that showed a bigger-than-expected drawdown in US crude inventories, raising hopes of a rise in demand for the solid fuel during the summer season in the top oil-consuming nation.
India Cements and Indus Towers are the two stocks in F&O ban today. Foreign portfolio investors became net sellers of Rs 2,000 crore on Tuesday, while DIIs bought shares worth Rs 648 crore. The rupee declined by 4 paise to close at 83.48 against the US dollar on Tuesday, tracking a stronger dollar overseas and a rise in global crude oil prices.
FIIs' net long declined from Rs 3.5 lakh crore on Monday to Rs 3.46 lakh crore on Tuesday.