Share Market Highlights: Nifty ends at 16,294, Sensex closes shy of 54,500; Bharti Airtel, ITC top index gainers

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Updated: August 5, 2021 4:26:41 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity benchmark indices reached fresh all-time highs on Thursday and closed in the green. Broader markets ended mixed.

Share Market Today, Share Market LiveIndia VIX closed in the red. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices claimed fresh all-time highs on Thursday with Sensex touching 54,717 while Nifty 50 claimed 16,349. On the closing bell, Sensex was at 54,492, up 0.23% while NIfty 50 was at 16,294 or up 0.22%. Bank Nifty fell 0.54% and closed at 35,834. Broader markets closed mixed as smallcap indices ended in the red. Bharti Airtel jumped 3.97% to end as the top Sensex gainer, followed by ITC, Tech Mahindra, and Tata Steel. SBI, IndusInd Bank, ICICI Bank, and Bajaj Finance were the top laggards on Sensex. India VIX fell 2.57%.

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    16:23 (IST)05 Aug 2021
    Sensex, Nifty scale fresh highs for third day straight; here's what experts make of today's trade

    Headline indices reached new all-time highs on Thursday as bulls continued to dominate Dalal Street. Sensex reached a record high of 54,717 but slipped during the dying hours to close at 54,492. Nifty touched 16,349 during the day and settled at 16,294 on the closing bell. Bharti Airtel jumped 3.97% to end as the top Sensex gainer, followed by ITC, Tech Mahindra, and Tata Steel. SBI, IndusInd Bank, ICICI Bank, and Bajaj Finance were the top laggards on Sensex. India VIX fell 2.57%. Bank Nifty fell 0.54% and closed at 35,834. Broader markets closed mixed as smallcap indices ended in the red.

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    15:33 (IST)05 Aug 2021

    Domestic equity benchmark indices reached fresh all-time highs on Thursday and closed in the green. Broader markets ended mixed. Bank Nifty fell 0.54%.

    15:27 (IST)05 Aug 2021
    Sensex, Nifty trim gains

    Sensex and Nifty trimmed gains ahead of the closing bell on Thursday. Sensex was below 54,500 while Nifty 50 was shy of 15,300.

    15:20 (IST)05 Aug 2021
    Robinhood shares surge 50% in just one day as investors lap up shares; Cathie Wood increases stake

    Robinhood’s share price soared a massive 50.41% on Wednesday as investors continued to buy shares of the newly listed trading platform. Robinhood, trading under the stock ticker HOOD on NASDAQ, closed at $70.39 per share on Wednesday, extending its gains to 95% so far this week. As the price rose, ARK Investment Management’s star stock picker Cathie Wood added more shares of Robinhood to various funds. Robinhood made a lukewarm debut on the stock exchanges earlier last month, falling below more than 8% below the IPO price on the listing day.

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    15:10 (IST)05 Aug 2021
    Stocks to buy in August 2021: Bharti Airtel, ICICI Bank HCL Tech, SBI, Lupin, others may rally up to 26%

    Benchmark indices BSE Sensex and Nifty 50 hit a fresh record high on Thursday, 5 August 2021. The Nifty 50 index surged past the crucial 16,300, while the 30-share Sensex crossed 54,700 levels. After delivering strong returns in July, the broader market rally has cooled off so far in August. However, Axis Securities continues to see the broader market doing well but believes that the focus is shifting towards sustainability of the returns. It has maintained the December 2021 Nifty target of 17,400 (22x FY23E earning). Overall, the domestic brokerage firm remains constructive on the market and believes that the dips should be utilized to build positions.

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    14:59 (IST)05 Aug 2021
    India VIX in red

    India VIX, the volatility gauge, was down in the red on Thursday. The index fell 2% during the day's trade to slip below 13 levels.

    14:38 (IST)05 Aug 2021
    Banking indices stay in red

    Bank Nifty, Nifty PSU Bank, and The Nifty Private Bank index were all trading with losses on Thursday. State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank were all in the red.

    14:37 (IST)05 Aug 2021
    True Beacon launches True Beacon II – Dynamic Equity and Fixed Income fund

    True Beacon, the Indian asset management company led by Nikhil Kamath and Richard Pattle, today announced the launch of a new Category III AIF - True Beacon II, a multi-asset fund that will comprise dynamic equity and a tax-free fixed income component. The fund endeavours to deliver low-risk stable returns by dynamically rebalancing between asset classes. Ideal for new investors who are looking to scale equity exposure, True Beacon II will invest in India's largest 200 companies to capture value appreciation combined with a sovereign-backed debt component to hedge against inflation/volatility.

    "True Beacon II is a long-only alpha oriented scheme aimed at diminishing the inflationary pressures of the economy while generating superior risk-adjusted returns," said Nikhil Kamath, Co-founder, True Beacon.

    14:34 (IST)05 Aug 2021
    ITC share price jumps

    ITC share price soared more than 3% on Thursday making it the second best performing stock on Sensex. The hospitality to cigarette major was trading at Rs 215 per share.

    Check live price: ITC

    14:27 (IST)05 Aug 2021
    Nucleus Software issues the 14th release edition for FinnOne Neo, GA 6.0

    Nucleus Software, a provider of lending and transaction banking products to the global financial leaders, came out with their latest release of FinnOne Neo, GA 6.0. FinnOne Neo is Nucleus Software’s award-winning retail lending product. The latest release aims at expansion of solution to cater to wider lending business segment of SME, MSME and Corporate business while continuing the momentum of retail and digital lending solution by strengthening regional, technical and API capabilities across the modules. This release focused on following three main pillars i.e. introducing next generation Corporate lending solution on FinnOne Neo platform with 3 new line of business through Bill Discounting, Cash credit and Business Term loans; Strengthening regional capabilities for ensuring a robust lending ecosystem solution by bringing in leading fintech and API integration touchpoints; and Widening the lending solution footprint by introduction of Payout management solution, that facilitates management of complex and dynamic payout plans for collection agency business.

    Check live price: Nucleus Software

    14:26 (IST)05 Aug 2021
    Reliance BP Mobility Limited announces EV commitment in partnership with Swiggy

    In a concerted effort to contribute towards the creation of a robust electric vehicle (EV) ecosystem, Reliance BP Mobility Limited and Swiggy today announced the commencement of trials that will increase the deployment of EVs in the delivery fleet of India’s largest food delivery platform. The partnership is aimed at promoting the adoption of battery-operated electric vehicles (EV), including deployment of electric 2-wheelers that will be supported by Jio-bp’s network of battery swap stations and Swiggy’s network of delivery partners.

    14:21 (IST)05 Aug 2021
    Continued improvement in economic activities positive for markets; third Covid wave will be the key risk

    While manufacturing has rebounded strongly post the second wave, services continue to remain in a contractionary mode as indicated by the services PMI numbers which registered the third reading of below 50 at 45.4. However, the pact of contraction slowed down as the reading improved from 41.2 in June. The services sector witnessed a contraction across all parameters including business activity, new orders and employment. Due to the contraction in the services PMI numbers, the composite index too registered a reading of 49.2 in July up from 43.1 in June but still marginally below the 50 mark. Manufacturing activities however was the bright spot as the PMI increased from 48.1 to 55.3. However, we expect the services sector to bounce back into the expansionary mode going forward due to continued unlocking of the economy while manufacturing activities are expected to strengthen further from current levels. Overall we expect continued improvement in economic activities which will be positive for the markets though the possibility of a third Covid wave will be the key risk to watch out for. Jyoti Roy - DVP- Equity Strategist, Angel Broking

    14:02 (IST)05 Aug 2021
    Nifty target: 17,400 by December; current rally a repeat of 2004-07 bull run?

    NSE Nifty 50 index poised to hit 17,400 levels by December 2021, as volatility continues to reduce signaling the continuance of strong bull run, said Axis Securities. In July 2021, India VIX, the volatility index fell to 13, which is significantly lower than the long-term average of 22. This suggests a positive setup for the market with limited downside. The domestic research firm believes that if VIX continues to head southward, it will trigger a further rally in the broader market. 

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    13:50 (IST)05 Aug 2021
    Bank Nifty trims losses

    Bank Nifty was trading flat with a positive bias on Thursday afternoon as the index rebounded from lows and reclaimed 36,000.

    13:37 (IST)05 Aug 2021
    Midcap, smallcap indices underperform

    Midcap and smallcap indices were underperforming benchmarks on Thursday. While Sensex and Nifty were scaling fresh highs the midcap and smallcap indices were down in the red.

    13:02 (IST)05 Aug 2021
    Top gainers

    Bharti Airtel, up 6.3%, followed by HCL Technologies, and Tech Mahindra are the top three gainers on Sensex at this hour.

    12:56 (IST)05 Aug 2021
    Sensex, Nifty touch fresh highs

    Nifty crossed 16,300 for the first time ever while the BSE Sensex reached a fresh all-time high above 54,600.

    12:38 (IST)05 Aug 2021
    More airports coming soon! Govt to spend around Rs 25,000 crore in 4-5 years to boost Civil Aviation sector

    More airports in India soon! For reforms in the country’s civil aviation sector, the Modi government has taken several steps by providing top-class infrastructure and facilities. In the coming years, India to witness massive development in the aviation sector along with 21 new airports. So far, six Greenfield airports have been operationalized across the country namely, Shirdi in Maharashtra, Pakyong in Sikkim, Durgapur in West Bengal, Kannur in Kerala, Kalaburagi in Karnataka and Orvakal in Andhra Pradesh. According to the Minister of State of Civil Aviation, V.K. Singh’s recent reply to a query in Rajya Sabha, the Modi government has provided support to India’s Civil Aviation sector which includes the following:

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    12:09 (IST)05 Aug 2021
    Bharti Airtel stock top Sensex gainer; brokerages maintain ‘Buy’ call, check target price

    Bharti Airtel’s share price soared 4.8% on Thursday, hitting an intra-day high of Rs 602 per share to be the top Sensex gainer. The telecom major recently reported its April-June quarter results where the company recorded a net profit of Rs 284 crore against a net loss in the same period a year ago. Airtel’s revenue grew 15.3% from the previous year to Rs 26,854 crore during the first quarter ended June 30. Bharti Airtel’s share price has jumped 16.8% so far this year, outperforming the benchmark NSE Nifty 50 by a slender margin.

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    11:59 (IST)05 Aug 2021
    Should you buy Rakesh Jhunjhunwala's favourite stock?

    "During the 1QFY22, Titan Company recorded revenue growth of ~120%  and profit of Rs 20 crore against loss of Rs 291 crore in 1QFY21. Titan is targeting to gain market share in the Jewellery segment due to strong focus on the wedding segment, huge scope for store expansion (40-50 stores every year), and gold harvest & gold exchange schemes. Further, the shift from unorganized (currently 70%) to organized (currently 30%) in the Jewellery segment will benefit branded players like Titan due to strong brand positioning and superior quality. Thus, we are positive on the stock," said Amarjeet Maurya - AVP - Mid Caps, Angel Broking.

    11:39 (IST)05 Aug 2021
    Sensex, Nifty trim losses

    Sensex and Nifty were rebounding from the red and trimming losses on Thursday. Nifty was hovering around 16,250 while Sensex regained 54,300.

    11:31 (IST)05 Aug 2021
    Despite rising Coronavirus tally, Kerala lifts all major restrictions from today, check details

    In a surprising move, the state government of Kerala decided to substantially relax the Covid-19 restrictions despite the state continuing to record a high number of daily Covid-19 tally. In a decision taken on Wednesday, the state government has allowed the functioning of all shops, markets, hotels, banks, financial institutions, factories, industries, tourist places, banks among others without any restrictions. The establishments will be able to operate fully on six days of the week between Monday and Saturday, the Indian Express reported. The decision, which comes into effect from today, will allow the establishments to operate from 7 AM in the morning to 9 PM in the evening.

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    10:49 (IST)05 Aug 2021
    Consolidation on cards?

    "Bank Nifty broke out yesterday with a huge spin in volumes but no major change in both Nifty and Bank Nifty OI. Open Interest concentration now at 16,200 and 16,300. Bank Nifty saw good put writing across strikes. Short-covering seen in HDFC Bank while SBI witnessed fresh longs. For the day, support is at 16,210 while resistance is at 16,285. Bank Nifty can see more upside is 36,000 is sustained," said Rahul Sharma, Director & Head - Research, JM Financial.

    10:29 (IST)05 Aug 2021
    Gold has immediate resistance at Rs 48,100

    Gold gave up yesterday's gain of 1% as investors jitter on the expected hawkish FED outlook. Fed's Clarida said he can certainly see FED announcing tapering later this year. In Comex Gold slipped 25$ and traded near the 1810$ during US market hours. Silver also fell 1$ and reached at the level of 25.40$. In MCX, Gold has support at 47700 below this level selling pressure may get momentum towards 47200 levels. It has immediate resistance at 48100. Silver has support at 67000 below this level it may test previous week's low level of 66000. Abhishek Chauhan, Head Commodities and Currency, Swastika Investmart

    10:28 (IST)05 Aug 2021
    Vodafone Idea share price tanks over 24% as Kumar Mangalam Birla steps down as chairman

    Vodafone Idea share price tumbled over 24 per cent to Rs 4.55 apiece, a 52-week low, on BSE, after the telecom company announced that Kumar Mangalam Birla will step down as non-executive director and non-executive chairman. These changes have come into effect from the close of business hours on 4 August 2021. 

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    10:27 (IST)05 Aug 2021
    Need three private sector players in telecom market: Bharti Airtel CEO Gopal Vittal

    The call for a relief package for the telecom industry grew louder on Wednesday with Bharti Airtel saying that the financially stressed sector needs the government’s help and efforts should be made to ensure that three private sector players remain in the market.

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    10:08 (IST)05 Aug 2021
    Aptus Value Housing Finance IPO opens August 10; check price band, grey market premium, other details

    Aptus Value Housing Finance India IPO will open for subscription next week on August 10, as the company looks to raise Rs 2,780 crore from the primary market. The price band of the issue has been fixed at Rs 346-353 per share of face value Rs 2. Aptus’ issue will be a mix of an offer for sale (OFS) by existing shareholders, including a promoter of the company, and a fresh issue of equity shares. Aptus Value Housing Finance is an entirely retail focussed housing finance company primarily serving low and middle-income self-employed customers in the rural and semi-urban markets of India. 

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    10:03 (IST)05 Aug 2021
    Markets may consolidate

    "A major factor favoring the rally is the improving macros as reflected by buoyant tax collections, falling fiscal deficit, low CAD, ample forex reserves, expanding PMI,  booming exports, and softening crude. Business micros will improve under such a benign macro environment assisted by lower tax and low-interest costs. Markets might be factoring in this emerging promising scenario. The return of FIIs with buying of Rs 4946 cr in cash market during the last two days is bad news for the bears. An important feature of yesterday's market action is that while Nifty gained 128 points thanks to the rally in leading financials, the broader market underperformed. Markets may consolidate for a while before making fresh moves in response to emerging triggers," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

    09:28 (IST)05 Aug 2021
    Chemplast Sanmar IPO opens Aug 10; check price band, grey market activity, issue size, other details

    Chemplast Sanmar Rs 3,850-crore will open for subscription on Tuesday, 10 August 2021, at a price band of Rs 530-541 per share of face value of Rs 5 each. The company is eyeing stock market listing, after it got delisted nearly a decade ago. Specialty chemicals manufacturer public issue will close on Thursday, 12 August. The offer comprises fresh issue shares worth Rs 1,300 crore and an offer for sale (OFS) of up to shares worth Rs 2,550 crore by promoters. 

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    09:24 (IST)05 Aug 2021
    Sensex, Nifty trade flat

    Down from opening highs, Sensex and Nifty were trading flat with a positive bias on Thursday morning. Sensex opened above 54,500 while Nifty crossed 16,290 earlier in the day.

    09:23 (IST)05 Aug 2021
    Will Nifty cross 16,300 today?

    "The consolidation that had ensued through the day, after the initial spurt yesterday, suggest bullish exhaustion, especially given the negative divergence in weekly charts. But, patterns remain accommodative towards achieving the 16350 that we have been eying in the last few days. Alternatively, persistent inability to float above 16245 today would have to be considered as a depletion in upside momentum, raising the chances of slippages to 16140-16030," said Anand James, Chief Market Strategist at Geojit Financial Services. 

    09:17 (IST)05 Aug 2021

    Domestic equity benchmark indices began Thursday’s trading session in the green, setting fresh all-time highs. Bank Nifty was down in the red.

    09:06 (IST)05 Aug 2021
    Sitting in green

    Sensex and Nifty were looking poised for a positive start to the day's trade as Sensex sat above 54,500 during the pre-open session while Nifty 50 was above all-time highs.  

    09:02 (IST)05 Aug 2021
    Sesnex, Nifty surge

    Sensex and Nifty soared higher during the pre-open session on Thursday. Nifty crossed 16,300 while Sensex was above 54,600.

    08:54 (IST)05 Aug 2021
    Any intraday correction can be used to accumulate long positions

    "If we can get past 16300, the next target for the Nifty should be 16600. The new support for the market is at 15700 and hence any dip or intraday correction can be used to accumulate long positions for higher targets," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    08:52 (IST)05 Aug 2021
    Nifty is expected to open flat at 16270

    "Nifty is expected to open flat at 16270, 11 points above yesterday's close. Nifty has been rising for the last 5 days. We may see some intraday corrections to 16200 levels which will act as strong support.  Nifty may see 16400 and 16450 levels in the coming days," said Gaurav Udani, Founder & CEO, ThincRedBlu Securities.

    08:50 (IST)05 Aug 2021
    Kumar Mangalam Birla steps down as Vodafone Idea chairman

    KM Birla has stepped down as the non-executive chairman of financially-troubled Vodafone Idea, the company said in a regulatory filing on Wednesday. “The board of directors of Vodafone Idea, at its meeting held today (Wednesday), have accepted the request of Kumar Mangalam Birla to step down as non-executive director and non-executive chairman of the board with effect from close of business hours on August 4, 2021,” the filing said.

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    08:49 (IST)05 Aug 2021
    Further upsides likely if immediate resistances at 16310 taken out

    "The reiteration of positive bias above 15960 (from 2nd August) has benefited as Nifty almost achieved its target of 16300 . The underlying trend remaining up as the index formed higher lows along with increased in index PCR OI , indicating trader sentiment is bullish and fresh put writing was seen at strike price 16200-16150 , Combined with a fall in the option price and IV, it indicates that put writing has happened at these strikes implying immediate support at these levels for the near term. Further upsides are likely once the immediate resistances of 16310 are taken out," said Raushan Kumar, Derivative Analyst, IIFL Securities.

    08:46 (IST)05 Aug 2021
    Petrol and diesel price today 5 August 2021: Rates unchanged for 19th day; check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and Diesel prices have been left untouched by oil marketing companies for the nineteenth consecutive day. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since the rates started increasing more than 2 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

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    08:43 (IST)05 Aug 2021
    F&O watch: Nifty to generate profits if closes in 16,150-16,350 range; Bank Nifty remains positive

    Nifty Put options OI distribution shows that 16,000 has highest OI concentration followed by 15,900 and 16,200 which may act as support for current expiry and on the Call front 16,300 followed by 16,400 & 16,500 witnessed significant OI concentration and may act as resistance for current expiry.

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