IT stocks are seeing a boom for the fourth consecutive day. The IT index is visible at record heights. It has risen over 7 percent in 4 days. The Sensex and Nifty have started with gains today amid mixed global cues. Sensex is seeing an increase of about 135 points. Along with heavyweight stocks, midcap stocks are also being seen. The midcap index of the BSE was trading at 0.50 percent. Small-cap shares were also seen buying. The BSE Smallcap index was trading at a gain of 0.92 percent. Oil and gas stocks are also seen today. The BSE oil and gas index was trading up 0.27 percent. At present, the 30-share BSE Sensex is trading around 38,935 with a gain of about 180 points ie 0.45 percent. The NSE’s Nifty 50-share index was trading around 11475 with a gain of about 35 points ie 0.31 percent.
Relief in terms of Sugar Export Subsidy
Today the sweetness of sugar stocks can increase. The government has given relief in terms of sugar export subsidy. Companies will now be able to claim a subsidy within 180 days instead of 90. A claim is possible within 270 days with a deduction of 10 percent. Explain that there is a subsidy on marketing costs for Chinese exports.
PVR Revenue Declined by 99 Percent
PVR incurred a loss of Rs 225 crore due to the closure of the multiplex in the lockdown. The company’s revenue declined by 99 percent. Apollo Hospital has also lost profits. The company’s EBITDA has fallen by 90 percent. There has been some respite on the retail inflation front since August. In August, retail inflation declined from 6.73% to 6.69%, inflation in food items also decreased but there was a slight increase in the prices of vegetables. WPI has also increased after 5 months.
JP Morgan, HEXAWARE Shares
JP Morgan bought 16.28 lk shares for Rs 1768.2 per share. HEXAWARE’s delisting offer will close today. The offer price is around Rs 265 per share. Deutsche Boerse AG has sold 1.2 million shares at a price of 549 / share. 3 funds of ACACIA have bought shares.
The Dow closed up 327 points in yesterday’s trade. At the same time, S&P closed above its 200 DMA by climbing 42 points. At the same time, the Nasdaq also managed to close above 88 sessions 200 DMA. The FOMC’s 2-day meeting on interest rates will start today, which the market is eyeing. But signs from Asia are mixed. SGX NIFTY is also seeing sluggish business. Today, mixed business is being seen in Asian markets. SGX NIFTY appears above 10 points. At the same time, the Nikkei was seen around 23,377.72 with a weakness of 0.77 percent. Straight times are seeing a gain of 0.51 percent. At the same time, the Taiwan market is trading at a level of 12,800.92 with a gain of 0.10 percent. Hangseng was last seen at 24,674.01 with a gain of 0.14 percent. At the same time, the Kospi is looking strong at 0.27 percent. Meanwhile, the Shanghai Composite was down 0.41 percent at the 3,265.34 level.