On the day of Weekly Expiry, the market was in full swing today. RIL’s boom has added to the market. Nifty today crossed 11,400 in day trading. Nifty Bank Intraday’s decision on interest waiver cases reached over 22,650 in the Nifty Bank Intraday. At the end of trading, Nifty closed at 11,449.25, with a gain of 171.25 points, or 1.52 percent today. At the same time, Sensex closed at the 38,840.32 level with an increase of 646.40 i.e. 1.69 percent. The Nifty Bank has closed 199 points up at 22,466. The midcap has gained 203 points to close at 16,653. 20 of the 30 Sensex stocks were traded. 32 out of 50 Nifty stocks were traded. 9 out of 12 stocks of Bank Nifty moved up.
Adani Ent can Raise Rs 7500 Crore
Adani Ent can sell shares in its airport business. The company is set to raise Rs 7500 crore from this share sale. PE funds are in discussions with Middle East Sovereign Funds to sell a stake in Adani Airport Holdings, a company close to the sources. Talks with Qatar Invt Authority have also gone ahead. The money from this sale will be used for the expansion of Mumbai Airport. The airport may be the demerger of the business. ADANI ENT may later launch an IPO for Mumbai Airport. Let us know if Adani Group has a majority share in MIAL.
Gold is being Supported by Weakness in the Dollar
The rupee has strengthened 6 paise to close at 73.47 against 73.53 today against the dollar. Gold on MCX is close to Rs 51,500. Gold prices are seen at the upper level of 1 week. It is being supported by weakness in the dollar. The dollar has slipped from a 4-week high. Gold is getting support due to the possibility of a delay in the corona vaccine. Markets will now keep an eye on the ECB meeting. Silver on MCX is looking at a 1 week high. Silver’s gains have been supported by weakness in the dollar. After yesterday’s recovery, crude oil is seeing weakness again today. There are concerns about demand recovery, which is putting pressure on prices. However, Brent prices remain above $ 40.
RIL’s Market Cap has Crossed 14 Lk Cr
Indian markets are seeing volatility due to global markets before the weekly expiry. Dow futures are witnessing a decline of about 180 points. In RELIANCE, there are many big deals for 73.62 lakh shares at a 2300-2344 / Sh price. RIL’s market cap has crossed 14 Lk Cr. The RIL record is visible at height. The price of RIL has crossed Rs 2200 for the first time.
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