Market HIGHLIGHTS: Sensex snaps two-day gaining spree, Nifty ends just above 15,200; HDFC Bank falls

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Updated: May 25, 2021 4:26:47 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 index ended flat on Tuesday.

Share Market Today, Share Market LiveNifty Bank index fell 0.81 per cent, Nifty PSU Bank was down 1.34 per cent

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended flat after a range bound trade on Tuesday. BSE Sensex ended 14 points down at 50,637, while the broader Nifty 50 index gained just 11 points to end at 15,208. HDFC Bank, Axis Bank, Reliance Industries Ltd (RIL), IndusInd Bank, Housing Development Finance Corporation (HDFC), ITC and Bharti Airtel were among top index laggards. On the flip side, Asian Paints, Titan Company, Bajaj Finserv, ONGC, TCS, Infosys, Power Grid Corporation of India and Nestle India among others were top Sensex gainers. Sectoral indices ended mixed on Tuesday. Nifty Bank index fell 0.81 per cent, Nifty PSU Bank was down 1.34 per cent and Nifty Private Bank index lost 0.90 per cent. While Nifty IT index gained one per cent, the Auto index was up 0.66 per cent.

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    15:42 (IST)25 May 2021
    Sensex, Nifty end flat on Tuesday

    BSE Sensex ended 14 points down at 50,637, while the broader Nifty 50 index gained just 11 points to ned at 15,208

    15:05 (IST)25 May 2021
    Banks bracing for second-wave impact after navigating first-wave; HDFC Securities picks these stocks

    The fourth-quarter earnings season is now drawing to a close and most large lenders, that have reported their results so far, have navigated through an extremely difficult pandemic year with strong provisions. Domestic brokerage and research firm HDFC Securities, in a report, said that banks in its coverage reported full-year slippages at 2.1% during the fiscal year 2021. This is down from 2.5% in the financial year 2020. But now, lenders are gearing up to dodge the second wave of the pandemic, which has been more severe, in term of loss of human life. 

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    14:46 (IST)25 May 2021
    Distribute subsidised edible oils via PDS to give relief to poor from rising prices: SEA

    Trade body SEA has suggested the government to distribute edible oils at subsidised prices through the Public Distribution System (PDS), in a bid to give relief to the poor from rising edible oil prices.

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    14:23 (IST)25 May 2021
    Global commodity prices surged in CY21

    According to the India Strategy report of Motilal Oswal Financial Service, global commodity prices have surged in CY21, with the CRB core commodity index rising 70% YoY in Apr’21. The recent comments of Chinese policymakers have resulted in some moderation and volatility in prices. Nonetheless, the rise in global commodity prices in CY21 has brought the focus back on inflation. While food/agri prices have shown a faster increase, the CRB index is supported by a lower base of Apr'20. The rise in prices comes amid an increase in COVID cases and restricted economic activity. With the uncertainty in the demand environment, it would prove challenging for companies to pass on the rise in commodity costs.

    14:10 (IST)25 May 2021
    BPCL may sell some stake in IGL, Petronet to shed promoter status

    Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India’s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

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    13:55 (IST)25 May 2021
    Barclays cuts India’s FY22 GDP estimate to 9.2 pc on second wave, slow pace of vaccinations

    A British brokerage on Tuesday cut India’s FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than initially expected. Barclays chief India economist Rahul Bajoria also mentioned the slow pace of vaccinations in the country and the rolling lockdowns across many states for the estimate.

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    13:54 (IST)25 May 2021
    Strides Ventures announces new fund, targets corpus of up to Rs 1,875 crore

    Investment firm Strides Ventures on Tuesday announced a debt fund for Indian startups with corpus that can go up to Rs 1,875 crore. The firm will continue investing in early to late-stage startups with ticket size from the new fund expected to go up to Rs 70 crore, Strides Ventures said in a statement.

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    13:22 (IST)25 May 2021
    Sensex, Nifty trade flat with positive bias

    Sensex is up 50 points in the green while the Nifty 50 index is up 31 points at this hours, as headline indices trade flat with positive bias. 

    13:12 (IST)25 May 2021
    Ethereum price jumps 1187% in a year! Here’s a look at interesting Ether buying trends in India

    Ethereum price has Jumped 1187.3 per cent since last year, giving this cryptocurrency backing a namesake blockchain platform a market valuation of around $313.9 billion. Ethereum is a blockchain-based platform for developing decentralized apps and smart contracts. Ether is the native cryptocurrency used for all the transactions on Ethereum’s blockchain.

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    12:54 (IST)25 May 2021
    Barbeque-Nation share price soars 20% on net profit in Jan-Mar quarter of FY21, zooms 56% since listing

    Barbeque-Nation Hospitality share price hit 20 per cent limit of upper circuit at Rs 767.50 apiece in intraday deals on BSE after the company posted revenues of Rs 226 crore in Jan-Mar quarter of FY21, a growth of 18.5 per cent on-year. It stood at Rs 190 crore in the same quarter last year. The company’s operating profit or EBITDA stood at Rs 56 crore, up 128 per cent on-year with margins of 24.8 per cent. 

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    12:14 (IST)25 May 2021
    Nifty, Sensex rally but institutions’ absence, retail investors short term trades may spell bad news

    While Sensex and Nifty near all-time highs, the pillars of Dalal Street are getting shaky as big money opts to stay out. Institutional participation, both foreign and domestic, is close to 14-year lows, while retail investors continue to favour short-term trades. This change in market dynamics could result in bad news in the event of a correction, creating liquidity scarcity, global brokerage and research firm JP Morgan highlighted in a recent note. Sensex and Nifty are near all-time highs once again. Earlier in April, the headline indices slipped just 5% from highs while India fought the second wave and lockdowns were re-imposed.

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    12:12 (IST)25 May 2021
    Barbeque Nation share price hits 20% upper circuit post Q4 results

    Barbeque-Nation Hospitality share price hit 20 per cent limit of upper circuit at Rs 767.50 apiece in intraday deals on BSE after the company posted revenues of Rs 226 crores in Jan-Mar quarter of FY21, a growth of 18.5 per cent on-year.

    11:20 (IST)25 May 2021
    Everest Organics share price hits 20% upper circuit on Posaconazole API launch to treat Black Fungus

    Everest Organics share price hit a 20 per cent upper circuit of Rs 399.50, also its record high on the BSE after the company announced the successful development of an anti-fungal API "Posaconazole" meant to treat black fungus patients, at the lab scale in the existing R & D facility of Everest Organics Limited.

    11:15 (IST)25 May 2021
    S D Shibulal buys Infosys shares worth Rs 100 cr from wife Kumari Shibulal

    Infosys co-founder S D Shibulal has bought shares worth Rs 100 crore of the IT major from wife Kumari Shibulal through an open market transaction. “…We are hereby informing you about the sale of 7,45,150 equity shares (representing 0.02 per cent) of Infosys to S D Shibulal by way of block sale on the platform of the stock exchange on May 24, 2021,” Kumari Shibulal said in a regulatory filing.

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    11:12 (IST)25 May 2021
    Panacea Biotec hits 5% upper circuit, nears 52-week high on Sputnik V vaccine production in India

    Panacea Biotec share price hit 5 per cent upper circuit at Rs 406.10 apiece on BSE after the company along with the Russian Direct Investment Fund (RDIF) announced the launch of production of the Russian Sputnik V vaccine against coronavirus. The first batch produced at Panacea Biotec’s facilities at Baddi will be shipped to the Gamaleya Center for quality control. Panacea Biotec stock was trading close to its 52-week high of Rs 407.20 apiece, touched on April 28, 2021.

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    10:34 (IST)25 May 2021
    Gold weakens amid reduced safe haven buying due to Israel-Hamas ceasefire

    COMEX gold trades 0.2% lower near $1880/oz after a 0.4% gain yesterday. Gold weakened amid reduced safe haven buying on back of stability in equity markets and Israel-Hamas ceasefire and concerns about Indian consumer demand. However, supporting price is continuing ETF inflows and loose monetary policy stance of major central banks. Gold's struggle to break past the $1900/oz level and stability in equity market may make it vulnerable to profit-taking. Ravindra Rao, CMT, EPATVP-Head Commodity Research, Kotak Securities Ltd

    10:00 (IST)25 May 2021
    If Nifty closes above 15,300, next target would be 15,600

    After getting past the resistance of 14700 on a closing basis, the markets are in fine form. 15300 is the target that we need to keep an eye on. If we can close above this level, the next target for the Nifty would be 15550-15600. A strong support lies at 14900-15000 and till that is not pierced, we are in the bull territory and can continue buying on dips. Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

    09:59 (IST)25 May 2021
    Gold price today, 25 May 2021: Yellow metal falls on weak global cues; if gold holds 49,000, it may hit 50,500

    Gold prices were trading lower in India on Tuesday, following global rates as hopes of quick economic recovery lifted demand for riskier assets, while a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal. On Multi Commodity Exchange, gold June futures were trading Rs 103 or 0.21 per cent down at Rs 48,450 per 10 gram, as against the previous close of Rs 48,553. 

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    09:33 (IST)25 May 2021
    Rupee's strong near-term resistance lies at 73.50

    Currently dollar index is consolidating between 89.50 to 90.50 levels as Fed continues to reassure that they will not increase the interest rate soon. Domestically, rupee remains supportive on account of broad dollar weakness and inflows. That apart, a sharp decline in covid cases that could lead to ease of lockdown restrictions and reopening of economy in upcoming days has also boosted risk sentiments. Further drive in rupee movement will be tracked whether RBI gets lenient on rupee appreciation or capped its gains thereof. Technically, rupee has maintained its strong support at 72.80 levels that the pair hasn’t broken and bounced back from these levels near the resistance zone. On the upside, 73.50 remains a strong near term resistance. If rupee holds above 72.80 levels, one can cover import payments around 72.85-73.00 levels. For selling, one can look for upticks above 73.00-73.30 levels. Amit Pabari, managing director, CR Forex Advisors

    09:29 (IST)25 May 2021
    Nifty Metal index top sectoral gainer

    Except for Nifty PSU Bank and Nifty Private Bank indices, all the sectoral indices were trading in the positive territory. Nifty Metal index gained 1.4 per cent, and Nifty FMCG index was up nearly one per cent.

    09:27 (IST)25 May 2021
    HDFC Bank the only Sensex laggard

    HDFC Bank was the only Sensex laggard, down over half a per cent.

    09:24 (IST)25 May 2021
    Nestle India top Sensex gainer

    Nestle India was the top Sensex gainer, followed by Asian Paints, Titan Company, Bajaj Finsv, Mahindra & Mahindra, ONGC, Tech Mahindra among others.

    09:22 (IST)25 May 2021
    Sensex jumps over 200 pts, Nifty less than 1% away from record high

    BSE Sensex jumped 226 points or 0.45 per cent to 50,878, while the broader Nifty 50 is now less than a per cent away from its all-time high of 15,431. Nifty was trading at 15,270, up 73 points or 0.48 per cent.

    Check live Sensex, Nifty levels

    09:04 (IST)25 May 2021
    Sensex jumps 200 pts, Nifty above 15,200 in pre-open

    Sensex jumped over 200 points or 0.42 per cent to 50,864, while the broader Nifty 50 index was ruling above 15,200 in the pre-opening session on Tuesday.

    Check live Sensex, Nifty levels

    08:46 (IST)25 May 2021
    Petrol and diesel price today 25 May 2021: Rates hiked 13th time this month; check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were once again revised upwards on Tuesday morning. So far this month, fuel prices have been increased 13 times. Petrol in Delhi today costs Rs 93.44 per litre, an increase of 23 paise. Diesel in the capital city costs Rs 84.32 litre today, up 25 paise. Petrol price in Delhi has been increased by Rs 3.04 so far in May, while diesel price has surged Rs 3.59 per lire. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

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    08:45 (IST)25 May 2021
    Indian share market remains positive from long term perspective

    The global cues are positive as reopening of economies in western countries and encouraging economic data points points towards quick global economic recovery. Even domestically, with fresh cases subsiding continuously, investors are positive on soon uplifting of the restrictions by several states. Thus the overall structure of the market remains positive from the long term perspective. However, the risk of inflation and development on the Covid-19 front domestically would decide the market direction going ahead. Investors this week would watch out for US GDP data on global front while monthly F&O expiry would keep markets volatile on domestic front. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

    08:41 (IST)25 May 2021
    Reliance Home, India Cements, Bharti Airtel, Cadila, Cipla, Panacea Biotec, Alembic Pharma stocks in focus

    BSE listed companies such as Alkem Laboratories, Bayer CropScience, Emami, AIA Engineering, Thermax, Bajaj Electricals, Computer Age Management Services, TTK Prestige, AstraZeneca Pharma India, Vardhman Textiles, Laxmi Organics Industries, LUX Industries, VIP Industries, Transport Corporation of India, Stove Kraft, Ramco Systems, GATI, TVS Srichakra, among others will report their quarterly results on May 25.

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    08:08 (IST)25 May 2021
    SGX Nifty zooms 100 points on Tuesday morning; 5 things to know before today's opening bell

    Dalal Street got this week’s trading going with some positive momentum as benchmark indices closed with gains. S&P BSE Sensex was up 111 points on Monday’s closing, sitting at 50,651 points, while the Nifty 50 ended at 15,197. Broader markets outperformed benchmark indices while volatility was seen inching higher. On Tuesday morning, stock markets might attempt to soar further, with SGX Nifty sitting 100 points higher, hinting at a gap-up start. Cues from global peers were also positive after Wall Street equity indices closed in the green. 

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    08:06 (IST)25 May 2021
    Nifty support at 15,085

    The short term trend of Nifty remains up. Further consolidation or any weakness from here could be a buy on dips opportunity. A sustainable upside breakout of 15K mark and the positive chart pattern of higher tops and bottoms indicate a strength of upside in the market and one may expect upside bounce from the lower levels. Immediate support is placed at 15085. Nagaraj Shetti, Technical Research  Analyst, HDFC Securities

    08:04 (IST)25 May 2021
    Nifty remains indecisive even as it crosses resistance levels

    Nifty has closed mildly higher on May 24, forming a doji after a rise, suggesting indecision at higher levels even as the Nifty approached past resistance levels. Largecaps are finding it difficult to rise as a group while the broader market still keeps doing well. 15256-15108 is the band for the Nifty for the near term. Deepak Jasani, Head of Retail Research, HDFC Securities

    08:03 (IST)25 May 2021
    FY21 data: FDI equity inflows rise 19% to $60 bn

    Foreign direct investment (FDI) in equity in India rose 19% year-on-year last fiscal to a record $59.6 billion despite the onslaught of the pandemic. However, such inflows, which had jumped as much as 40% between April and December, seem to have lost some momentum in the March quarter.

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