Share Market LIVE: Sensex Recovers nearly 600 Points and Nifty 200 Points

Sensex and Nifty have come in green mark due to heavy buying at lower levels. The Sensex has risen almost 600 points from today's low of 51,936.
Share Market LIVE: Sensex Recovers nearly 600 Points and Nifty 200 Points

Sensex and Nifty have come in green mark due to heavy buying at lower levels. The Sensex has risen almost 600 points from today's low of 51,936. Nifty has recovered around 200 points. Nifty is near 15,800 and Sensex is near 52,500.

There was selling pressure on the market till 1.20 pm. There was weakness in both Sensex and Nifty. The stock index of small and medium companies had fallen more than the index containing frontline stocks. Half of the Sensex shares have come in the green mark due to large-scale buying in the afternoon.

Nifty's mid-cap index is currently down about half a per cent. There is a slight weakness in the small-cap index. Nifty's IT, Pharma, PSU Bank and FMCG indices are strong. Metal and realty have fallen sharply by almost 1% each.

The beginning of the stock market on the first trading day of the week was mixed. The Sensex opened with a slight gain of 17.58 points and the Nifty with a slight decline of 7.95 points. There is a sharp decline in the shares of all the companies of the Adani Group.

In early trade, 20% in Adani Enterprises, 16.61% in Adani Ports and Special Economic Zone, 5% in Adani Power, 5% in Adani Transmission, 5% in Adani Green Energy and Adani Total Gas stock declined 5%.

It is reported that the accounts of three such foreign funds have been frozen, which have an investment of about Rs 43,500 crore in four companies of the Adani Group. It is said that the action against these funds has been taken due to the violation of the rules of the Money Laundering Act.

Shyam Metallics IPO is open for subscription today. Analysts expect the company to benefit if the metal prices rise in the global market and improve domestic demand. It has been rated 'Subscribe' by most of the analysts. Sona Comstar's IPO has also opened for subscription.

IPO launching has started again after April in the primary market. The issues of Shyam Metallics and Sona Comstar are open today on June 14. In April, the IPO of the realty sector company Microtech Developers came. Due to the second wave of Corona, many companies postponed the IPO launch. Meanwhile, due to heavy buying in the stock market, important stock indexes reached record levels.

Earlier on Friday, the domestic stock market closed with gains. The Sensex was up 174.29 points at 52,474.76 while the Nifty gained 61.60 points to end at 15,799.35.

Financial results

Today the third quarter results of these companies are coming: BF Utilities, Coal India, Gayatri Projects, Globus Spirits, Greenply Industries, IDFC, IFB Industries, Indian Overseas Bank, JB Chemicals & Pharma, Kajaria Ceramics, Tips Industries, Uttam Sugar Mills

Mixed trend in Asian markets

There is a mixed trend in the stock markets of Asia. Japan's Nikkei index is up 0.60%. There is a slight weakness in Korea's Kospi index. Stock markets in Hong Kong, China and Australia are closed due to the holidays.

US Market closed with gains

On Friday, the US markets closed with gains. The Dow Jones was up 13.36 points at 34,479 with a gain of 0.04%. The Nasdaq ended up 0.35% at 14,069, up 49.09 points. The S&P 500 index was up 8.26 points at 4,247. Here the markets of France and Germany also closed with gains.

FII and DII data

According to provisional data available on the NSE, on June 11, foreign institutional investors (FIIs) had bought shares worth a net Rs 18.64 crore. That is, he had bought more shares than what he had sold. Domestic Institutional Investors (DIIs) had bought shares worth a net Rs 666.36 crore.

Like and Follow us on :

Related Stories

No stories found.
logo
Since independence
www.sinceindependence.com