Stocks In The News | PNC Infratech, Wipro, Ceat, Dixon Technologies, IIFL Finance, Lupin
Stocks In The News | PNC Infratech, Wipro, Ceat, Dixon Technologies, IIFL Finance, Lupin” title=”Stocks In The News | PNC Infratech, Wipro, Ceat, Dixon Technologies, IIFL Finance, Lupin
“>
Wendt, Dish TV India, Capital Trust, Maruti Suzuki, Kanpur Plastipack, Take Solutions, Archidply Industries, Ramco Systems, Sterling Tools, Saint-Gobain Sekurit India, are also among the stocks in…
Market opens: Sensex is up 285.67 points or 0.59 percent at 48459.73, and the Nifty added 83.70 points or 0.59 percent at 14230.
Top Buy And Sell Ideas By Sudarshan Sukhani, Mitessh Thakkar For Short Term
Mitessh Thakkar of mitesshthakkar.com suggests buying Ultratech Cement with a stop loss of Rs 5,400, target at Rs 5,600 and Bharti Airtel with a stop loss of Rs 518, target at Rs 540.
ICICIdirect on gold: Gold prices started Wednesday’s trade on a weak note opening slightly lower and rose gradually during the first half of the session till a high of Rs 51,875. However, prices did not sustain at higher levels and corrected sharply in the remaining session till a low of Rs 50,401. Prices corrected sharply in the last session as the dollar pared losses while investors focused on the outcome of the US Senate run-off election in Georgia. Therefore, we believe gold prices will remain in the range of Rs 50,300-51,000 levels in the short-term.
RBI to be on a long-pause in rates on sticky non-food inflation: Report
The non-food component in the price basket will continue to keep inflation at a high level and result in a “long pause” in interest rates, a foreign bank said on Wednesday. The central bank is likely to pare the pandemic-driven emergency response as well, the report by Singaporean lender DBS said.
Hot Stocks | UBL, Gujarat Ambuja Exports, Havells Three Trading Ideas For Short-term
The trend in Nifty may remain bullish to sideways. On the higher end, the rally may extend towards 14,350.
Maharashtra cabinet clears proposal to cut govt levies on real estate by 50% until Dec 31, 2021
After reducing stamp duties in the state to boost residential sales, the Maharashtra government on January 6 approved the proposal to cut the premium on real estate projects by half till December 31, 2021. Developers availing of the scheme would have to pay full stamp duty and registration charges on behalf of homebuyers.
At the cabinet meeting chaired by chief minister Uddhav Thackeray, it was decided that the urban development department will give premium concession to construction projects. Projects will have to pay full stamp duty to customers. It was decided at the meeting that as recommended by the Deepak Parekh Committee, a 50 percent discount will be given on all the various premiums levied by the state government on construction projects till December 31, 2021 and also concessions in the premiums levied by all planning authorities/local administrations at their level.
Oil prices: Oil prices were steady on Thursday after supporters of President Donald Trump stormed the U.S. Capitol, with investors focusing on the likelihood of tighter supplies after Saudi Arabia unilaterally agreed to cut output. Brent crude was up 8 cents at $54.38 a barrel by 0125 GMT, after gaining 1.3% overnight. U.S. West Texas Intermediate (WTI) gained 11 cents to $50.74, having slipped earlier in the Asian session. The contract rose 1.4% on Wednesday.
What Changed For The Market While You Were Sleeping? Top 10 Things To Know
Trends on SGX Nifty indicate a positive opening for the index in India with a 74 points gain.
Asian Markets: Asian stocks perked up on Thursday as investors remained confident that violence in Washington would not disrupt a legitimate transition to a new presidency or derail political support for a U.S. economic recovery. However, investors remained defiantly bullish in early Asian trade with S&P 500 futures up 0.3%, Japan’s Nikkei 225 rising 1.24% and the S&P/ASX 200 1.25% higher.
US Markets: The Dow and the S&P 500 ended higher, soaring to all-time highs on Wednesday, as investors piled into financial and industrial stocks on bets a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending. The Dow Jones Industrial Average closed 437.8 points higher, or 1.44%, to 30,829.4, the S&P 500 gained 21.28 points, or 0.57%, to 3,748.14 and the Nasdaq Composite dropped 78.17 points, or 0.61%, to 12,740.79.
Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.
