The Nifty closed today at 11529 with an increase of 88.95 points, or 0.78 percent. At the same time, the Sensex closed at a 39,044.35 level with a gain of 287.72 points, or 0.74 percent. Today the market got good support from IT giants and Reliance. There was also buying in pharma stocks. The nifty midcap index closed strongly for the fourth consecutive day on the strength of a buyout in midcap stocks.
Today was the last date for tendering shares for the delisting of Hexaware. So far, 7.9 million shares have been tendered under this offer. Most bids have come at Rs 475 per share. So far, confirmed bids of 5.43 crore shares have been received. This delisting is taking place under the reverse book building. MFS has tendered about 3.5 crore shares in the offer. As of 12.30 pm, around 70 percent of the shares have been tendered. Today is the last day for tendering shares in delisting. The floor price was fixed at Rs 265 per share.
Gold, Silver and Crude Oil
Today, gold and silver are seeing a good boom for the second consecutive day. Gold has reached close to 52 thousand on MCX, while silver is trading near 69500. Gold and silver are getting support due to weakness in the dollar. Markets will be eyeing a meeting of the U.S. Federal Reserve, which is scheduled to begin today. Crude oil prices remain under constant pressure. Despite the impact of the Sally storm in the Gulf of Mexico, Brent is still under $ 40. Concern over demand dominates the market. Base metals are strong today. Metals are getting support due to weakness in the dollar. The rupee has weakened by 16 paise to close at 73.64 against 73.48.
Status of Global Markets
Today, after the sharp rise in the price of gold in the global markets, the prices of B gold were seen today. The spot gold was priced at $ 1,956.17 an ounce. At the same time, silver gained 1% and its price rose to $ 27.44 an ounce. There was a slight change in platinum, and it stood at $ 960 per ounce. While Palladium closed down 0.1 percent at $ 2,311.78.