Share Market News Today | Sensex, Nifty, Share Prices Highlights: Among sectoral indices, only Nifty Realty, Nifty Pharma, and Nifty Financial Services closed in the red.
According the market watchers, Indian stock markets are in overbought zone as Nifty 50 index closed the previous session with a P/E multiple of 38.92. Image: Reuters
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty closed the day’s trading session on flat note. S&P BSE Sensex ended 24 points lower to close at 49,492 while Nifty 50 ended above 14,550 as the broader index closed in the green. Dalal Street saw a volatile trading session on Wednesday with Sensex and Nifty setting fresh highs and then erasing them entirely, only to close flat. Mahindra & Mahindra gained 5.7% while State Bank of India surged 5% to end as top Sensex gainers. Bajaj Finance and HDFC were the top laggards. Broader markets mirrored the fall, except Nifty Smallcap 50, which ended 0.12% higher.
India’s leading telecom giant Bharti Airtel on Tuesday informed the bourses that it has received the relevant approvals for its relevant downstream investments. With this, Bharti Airtel has initiated the process to revise its foreign investment limit to 100% with immediate effect. NSDL updated its website while changing Bharti Airtel’s FPI limit to 100%. This is likely to elicit a response from MSCI, increasing the firm’s weightage in the global indices.