Market HIGHLIGHTS: Sensex posts record closing high, Nifty above 15,900 for 1st time on F&O expiry day

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Updated: July 15, 2021 4:40:52 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market indices BSE Sensex and Nifty 50 posted record closing highs on Thursday, a day of weekly F&O expiry day

Share Market Today, Share Market LiveTrend in Nifty sectoral indices was largely positive. Nifty Realty index surged over 4 per cent to a new 52-week

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market indices BSE Sensex and Nifty 50 posted record closing highs on Thursday, a day of the weekly F&O expiry day. BSE Sensex ended above 53,100 for the first time ever, at 53,159 levels. While the Nifty 50 index broke out the 15,900 levels and managed to end at 15,924. HCL Technologies was the top index gainer, adding 5 per cent, followed by Larsen & Toubro (L&T), Tech Mahindra, HDFC Bank, Ultratech Cement, ITC, Tata Steel, SBI, Infosys. On the flip side, stocks of Bharti Airtel, Mahindra & Mahindra, Asian Paints, Titan Company, TCS and Maruti Suzuki, among others, capped the gains in BSE Sensex.  Trend in Nifty sectoral indices was largely positive. Nifty Realty index surged over 4 per cent to a new 52-week and Bank Nifty was up 0.7 per cent.

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    15:38 (IST)15 Jul 2021
    Sensex Nifty post record closing highs on weekly F&O expiry day

    BSE Sensex surged 245 points or 0.5 per cent to end at 53,158, a record closing high level. While the broader Nifty 50 index ended at 15,924, up 70 points or 0.44 per cent

    15:24 (IST)15 Jul 2021
    Money flow, liquidity continue to guide markets to new highs

    Money flow and liquidity continue to guide markets to new highs. We anticipate this pattern to continue going forward. The Banking Index is still about 10% off from its previous highs, giving the markets the comfort of possible sector rotation. This should keep the Nifty well supported. The RBI and the policymakers continue to enjoy sufficient room and levers to trigger an economic recovery. All in all, the markets remain healthy. Harsh Agarwal, Co-founder, RAIN Technologies

    15:19 (IST)15 Jul 2021
    Mid Cap, Small Cap, Large Cap values remain key allocation themes

    Mid Cap, Small Cap, and Large Cap values remain key allocation themes as these themes will continue to deliver strong returns. Overall, we remain constructive on the market and believe the dips should be utilized to build positions in the recommended themes. However, rising inflation, dollar index, rising concern over delta variant and the management commentaries post Q1 will be the near term monitorable indicators for the market. Neeraj Chadawar, Head - Quantitative Research, Axis Securities

    15:18 (IST)15 Jul 2021
    Valuations of IT companies likely to sustain in near future

    The Indian market surged to record high levels, led by positive global cues and a robust Q1FY22 earnings for the IT sector. Yesterday, the US market closed in green after a dovish commentary from the FED chairman, suggesting the central bank is not likely to begin the tightening of monetary policy anytime soon. This led to optimism in the equity market, which was further supported by the positive revision in the revenue guidance by the major Indian IT companies. We believe this will augur well for IT companies and valuations will be likely to sustain in the near future. However, the execution will be monitored for the upcoming quarters of FY22. Neeraj Chadawar, Head - Quantitative Research, Axis Securities

    15:16 (IST)15 Jul 2021
    IT, Realty, Metals, Financials and Banks sectoral leaders

    Indian markets started on a positive despite mixed Asian market cues with China reporting its economy grew in the second quarter by 7.9% year-on-year which was marginally lower than expectations of 8.1%. During the afternoon session markets went from strength to strength escalating to all-time high point on sustained buying activities by funds and retail investors. Sentiments were upbeat with a private report stated that IT spending in the country is expected to grow at 8% to $92.7 billion in 2021. The growth at 8% is a shade less than the world average of 8.6% and global spends on information technology are estimated to come at $4.2 trillion. The sector leaders for today's move were IT, Realty, Metals, Financials and Banks. Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers

    15:04 (IST)15 Jul 2021
    Infosys, Wipro, Tech Mahindra hit record high; Nifty IT scales all-time high on upbeat Q1 results

    Infosys, Wipro, Tech Mahindra and other IT stocks surged to record high levels in intraday on Thursday, pushing the Nifty IT index to a record high of 29,835.90. S&P BSE IT index surged to a fresh record high of 30,507.48, rising 1.5 per cent. The rally in IT stocks has come on the back of upbeat April-June quarter results for the current fiscal. 

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    14:12 (IST)15 Jul 2021
    RBI Guv Shaktikanta Das address at 3 PM today

    RBI Governor Shaktikanta Das RBI Governor to address ET Financial Inclusion Summit 2021 at 3 PM on July 15, 2021.

    13:32 (IST)15 Jul 2021
    Tatva Chintan Pharma Chem IPO opens Juy 16; should you subscribe?

    The company is going to list at PE of 41.62X with a market cap of Rs. 24004.76 Mn, while its peers namely Aarti Industries Ltd and Navin Fluorine International Ltd is trading at a PE of 59.54X and 73.95X respectively. We recommend to “Subscribe” this IPO as it is a niche global player in speciality chemicals with SDAs in centre stage, having a globally renowned clients list and reasonable valuation as compared to its listed peers. Marwadi Shares and Finance

    13:17 (IST)15 Jul 2021
    Cut in repo rate, stamp duty, ready reckoner rate drive sales in real estate in H2

    With an aggressive vaccination drive coupled with limited restrictions on businesses, the second wave had less impact on the real estate sector. From real estate standpoint, the reduction in repo rate, stamp duty, ready reckoner rate has been crucial in driving the sales momentum in H2 2020 and Q2 2021. Moreover, post the stamp duty revision, lucrative offers from developers have managed to sustain the momentum. As a result, real estate witnessed historic growth Y-o-Y in H1 2021. With the foresight of first-wave, developers recalibrated their approach towards new launches to suit the current time while developing properties that address the current new age home buyer demand. Overall, H1 2021 has been fantastic in terms of sales and partial recovery. Rohit Poddar, Managing Director, Poddar Housing and Development

    13:14 (IST)15 Jul 2021
    Nifty to head to 16,200 if it closes above 15,900 today

    We witnessed some positive movement in the market and an attempt to hold the support level around the Nifty 50 Index level of 15900. Sustaining above 15900, we expect the market to gain momentum, leading to an upside projection till 16150-16200 level. On the sectoral front a few sectors have shown some weakness, despite the positive momentum in the market. LT and HCLTech are the top gainers while ONGC and Eichermot are the top losers on Nifty. Gaurav Garg, Head of  Research, CapitalVia Global Research

    13:13 (IST)15 Jul 2021
    ICRA Rating poll boosts domestic markets

    In morning trades, Indian equity benchmarks remained in the green, despite strong indications from other Asian markets. Sentiments were supported by claims from a private report that IT investment in the country is predicted to expand at an annual rate of 8% to $92.7 billion in 2021. Another positive in the market for investors came after an ICRA Rating poll in which, roughly 42% of non-banking financial companies (NBFCs) predict a 15% increase in their asset under management (AUM) in fiscal 2021-22. Gaurav Garg, Head of  Research, CapitalVia Global Research

    12:57 (IST)15 Jul 2021
    Rakesh Jhunjhunwala buys stake in SAIL; PSU steel stock jumps 2%

    Billionaire investor Rakesh Jhunjhunwala has purchased an additional stake in Steel Authority of India (SAIL) during the April-June quarter, data available with the stock exchange shows. According to the latest shareholding pattern available on the BSE website, Rakesh Jhunjhunwala now holds 5,75,00,000 equity shares of SAIL or a 1.39% stake. SAIL stock price has been rallying since the end of March 2020 and the recent rally has been helped by soaring commodity prices among other factors. SAIL share price was up 2.3% on Thursday, trading at Rs 127.4 per share.

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    12:27 (IST)15 Jul 2021
    If Bank Nifty closes above 35,810, it may head to 36,800 in coming days

    The region around 35810 has acted as a formidable resistance for Bank Nifty since the start of last month. Closing above this level is likely to resume the uptrend in the index and signal at a move towards 36500-36800 in the days ahead. Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

    12:26 (IST)15 Jul 2021
    Closing above 15,920 could end consolidation in Nifty; Nifty may hit 16,300 in short-term

    Benchmark indices in India hit a record high today, boosted by advance among the index heavyweight banking and IT stocks. While the Nifty has surpassed 15900, Sensex has crossed the 53000 mark. Strength is seen among the broader markets as well, with both CNX Smallcap and Midcap 100 index advancing to their life-time highs. For exactly a month, the 15900-15920 zone has acted as a strong barrier to Nifty. With supports rising and the index now trying to surpass a key resistance zone, a closing above 15920 today could signal an end to the recent consolidation and propel the index higher towards 16100-16300 in the short-term. Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

    12:22 (IST)15 Jul 2021
    Zomato's IPO subscribed 1.22 times so far on day two

    Zomato's Rs 9,375 crore IPO was subscribed 1.22 times so far on day two. Retail portion was subscribed 3.54 times, while qualified institutional buyers subscribed their portion 98 per cent. NIIs saw a subscription of 18 per cent and employees category 21 per cent

    12:12 (IST)15 Jul 2021
    Bullish momentum could trigger above 16,057 in Nifty; Bulls in control for Bank Nifty

    Nifty hits the new all-time high of 15,940 but hovering in the range 15,500-15,600 for past few weeks. The Bollinger Band squeeze indicates the bullish momentum could only trigger above 16,057. As per derivatives structure, 16000CE writers are still comfortable with new highs and unwinding can be expected above 16,050. Bank Nifty on the other hand has broken out of Bullish/Inverted Head & Shoulder followed by Cup & Handle pattern indicating the bulls are in control of Bank Nifty. The risk for Bank Nifty at current level is an addition of Open Interest to the tune of 62,000 in 36000CE (15th  July 2021 Expiry) totalling to 1.3L at 11:30 AM today. If these writers unwind positions, the short covering rally can be expected, else we might end the day within the range of 35,700-36,000 zone. Brijesh Bhatia, Senior Research Analyst Equitymaster

    12:03 (IST)15 Jul 2021
    Expect Nifty to go above 15,975 today; Bank Nifty crosses resistance of 35,900

    After a long consolidation, Nifty made an all-time high today. Today, it has been rising on good volumes. We can expect to go above 15975 levels in the day itself. In the coming few days traders can look at 16100 and 16300 targets with a stoploss of  15750 on closing basis.Bank Nifty also crossed its resistance of 35900 today. Now a closing above 35900 with higher volumes will take Bank Nifty to 36500 and 37000 levels. Overall markets remain bullish and traders are advised to initiate long positions with strict stop losses. Gaurav Udani, Founder & CEO, Thincredblu Securities

    11:34 (IST)15 Jul 2021
    Wipro hits new 52-week high ahead of Q1 results

    Wipro share price jumped over 2.31 per cent to Rs 579.75 apiece, a new 52-week high, on BSE, ahead of Apr-Jun quarter earnings

    11:30 (IST)15 Jul 2021
    Expect bullish trend in Nifty today; 36150 resistance for Bank Nifty

    Nifty has given a breakout. One can expect a continuation of a bullish trend in Nifty today. As far as Bank Nifty is concerned, 36150 is a resistance zone for the day. Vishal Wagh, Head of Research, Bonanza Portfolio Ltd

    11:13 (IST)15 Jul 2021
    Nifty support shifts to 15,800; unlikely to hit 16,000 intraday

    Nifty hit a record high of 15,940 on Thursday. It has shifted supports higher to 15800, on the higher side. It is absolutely unlikely for Nifty to move past 16,000 intraday. While Bank Nifty upside resistance is at 36,000, meaning not much upside likely. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services

    11:10 (IST)15 Jul 2021
    Rakesh Jhunjhunwala cuts stake in Titan, sells Rs 384 crore shares in Apr-Jun; stock falls 1%

    Titan Company share price fell over 1 per cent to Rs 1,693.65 apiece intraday on BSE, a day after Rakesh Jhunjhunwala cut his stake in watch-to-jewellery maker for the third consecutive quarter. Ace investor Rakesh Jhunjhunwala sold 22.50 lakh shares in the first quarter of the current fiscal. His wife Rekha Jhunjhunwala’s stake remained unchanged at 96.40 lakh shares or 1.09 per cent in Titan. 

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    11:10 (IST)15 Jul 2021
    Fund managers lap up newly listed cos; Sona Comstar, KIMS, Dodla Dairy most bought stocks in June

    Newly listed shares including Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences (KIMS), and Dodla Dairy were some of the most bought stocks by mutual fund houses in June. While Sona Comstar was the top buy among midcap shares, Dodla Dairy and KIMS were the most bought smallcap stocks, data sourced by ICICI Direct showed. Another debutant Shyam Metalics and Energy was also among the stocks purchased by fund managers. 5 new stocks were listed on the stock exchanges last month, all have risen over their IPO price since listing.

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    10:13 (IST)15 Jul 2021
    Zomato set to step up hiring after successful IPO; report tells which functions will gain focus

    Zomato is possibly staring at big expansion plans after it goes public this month, raising Rs 9,375 crore in its ongoing IPO. It is likely that food delivery behemoth Zomato may step up its hiring post the IPO success, London-based data analytics and consulting firm GlobalData said. “The company is likely to hire more and script a new chapter in its business expansion plans to remain competitive in the Indian online food delivery market,” Ajay Kumar Thalluri, Business Fundamentals Analyst at GlobalData, said.

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    10:08 (IST)15 Jul 2021
    Rakesh Jhunjhunwala, wife Rekha, others settle Aptech insider trading case with Sebi; pay Rs 37 cr

    Ace investor Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala, and eight other individuals on Wednesday settled a case related to insider trading in the shares of Aptech Ltd after paying more than Rs 37 crore. The amount included settlement charges, disgorgement of ill-gotten gains along with interest charges.

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    10:06 (IST)15 Jul 2021
    If Nifty closes above 15,900, it will head to 16,100

    The Nifty is slowly inching towards the 15900 level. 15915 (the high recorded on 28 June 2021) is the precise level we need to close above. If the index manages to do that, we should be able to scale higher to 16100. The bias for the current market is on the upside and hence dips and corrections can be used to accumulate long positions. 15400 is good support and as long as we do not break that on a closing basis, we are in bullish terrain. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    10:05 (IST)15 Jul 2021
    Gold Price Today, 15 July 2021: Gold trades near 4-week high; may hit Rs 49,000 in coming sessions

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading near a four-week high on Thursday, mirroring the global trends. On Multi Commodity Exchange, gold August futures were trading flat with positive bias at Rs 48,307 per 10 gram, as against the previous close of Rs 48,299. Silver September futures were ruling at Rs 69,575 per kg, up Rs 163 or 0.23 per cent.

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    09:29 (IST)15 Jul 2021
    Rupee to take cues from India’s June trade balance

    Domestically, equity markets are trading into the consolidation phase as both global and domestic cues are very much mixed. However, FII/FPIs seems booking their profits as they have sold almost INR 3670 crore worth of Indian stocks in July after whopping investments of more than INR 17,000 in June. Probably, easing the domestic COVID situation and IPO spree could limit the outflow. Now the focus shift towards today’s release of India’s June trade balance. After easing COVID restrictions up to some extent in June, both business activity and demand for goods have picked up well. Overall, we might see a jump in both the import and exports figures. Broadly, on account of higher oil import prices, the deficit is likely to remain elevated. On the fiscal front, this year also the deficit is likely to miss the target easily as the government is going the extra mile to support the economy. This could keep the Rupee on its toes and limit the appreciating move beyond 74.00 levels over the medium term. Amit Pabari, managing director, CR Forex Advisors

    09:28 (IST)15 Jul 2021
    Bank Nifty gains 0.2%

    Barring Nifty Auto, all the sectoral indices were trading in the green on Thursday. Bank Nifty was up 0.21 per cent, Nifty IT 0.4 per cent. 

    09:25 (IST)15 Jul 2021
    Rakesh Jhunjhunwala favorite Titan stock top Sensex loser

    Titan Company, Mahindra and Mahindra, Housing Development Finance Corporation (HDFC), Asian Paints, ITC, Maruti were top index laggards

    09:23 (IST)15 Jul 2021
    Infosys, RIL, HUL top Sensex gainers

    L&T, HCL Tech, Tech Mahindra, HDFC Bank, Dr. Reddy's Laboratories, Infosys, RIL, HUL were among top Sensex gainers

    09:22 (IST)15 Jul 2021
    Infosys share price hits record high post Q1 results

    Infosys share price fell after hitting a record high level of 1,597.25 apiece on BSE, a day after it announced Apr-Jun quarter earnings.

    09:20 (IST)15 Jul 2021
    Sensex crosses 53,000, Nifty nears 15,900

    BSE Sensex jumped over 100 points to trade above 53,000, while the broader Nifty 50 index neared the crucial 15,900 on F&O expiry day.

    Check Live Sensex, Nifty levels

    09:00 (IST)15 Jul 2021
    Why 1000 pts Nifty rally is on cards?

    Rising DXY, falling bond yields and FII outflows did affect our markets but it seems domestic flows have helped the market stay afloat. Monsoon picking up, re-opening of travel, steady vaccinations and low impact of a third covid wave, should help the markets stay up. Rahul Sharma, Head, Technical and Derivatives Research, JM Financial Services

    08:55 (IST)15 Jul 2021
    Bank Nifty may cross 36,000 resistance on F&O expiry day

    In the July series till now, we have seen Bank Nifty outperforming Nifty and we expect it to continue from here on as well. Traders should create long in the Bank Nifty with the stop loss of 35400 levels. On the higher side, we expect Bank Nifty to cross 36000 resistance and go beyond. Nandish Shah, Senior Derivative & Technical Analyst, HDFC Securities

    08:54 (IST)15 Jul 2021
    Remain bullish with the stop loss of 15750 levels in the Nifty

    Nifty continued its northward journey for the third day on the trot where it gained by 42 points to close at 15854 levels. We have seen long build up in the Nifty Futures where OI has risen by 5%(Prov) with rising by 0.26%. Nifty Open Interest Put Call ratio rose to 1.24 levels from 1.10 levels on the back of Put writing at 15750-15800 levels. Therefore, for Thursday's weekly expiry, we expect Nifty to do well. For traders our advice is to remain bullish with the stop loss of 15750 levels. On the higher side 15950-16000 levels to act as a resistance where calls have been written. Nandish Shah, Senior Derivative & Technical Analyst, HDFC Securities

    08:51 (IST)15 Jul 2021
    F&O watch: Nifty support at 15,700-15,800 for weekly expiry; remain cautious at higher levels in Bank Nifty

    In the Nifty current series, a Long Build up has been witnessed with marginal increase in price of 0.23% and increase in OI by 2.14% as on Wednesday wherein there was addition of 1.99Lac shares in OI, increasing from 93.23lac to 95.22Lac shares. Nifty July rollover stands at 8.48% as on Wednesday. Nifty Put Call Ratio, a sentiment indicator used by traders to gauge the market sentiment and mood, is currently at 1.23 compared to 1.06 of last week, indicating positive bias.

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    08:48 (IST)15 Jul 2021
    Nifty may see weekly F&O expiry closer to 15,900

    It has again reached closer to the upper band of its prevailing consolidation range i.e. 15,900 ahead of the weekly expiry. On Thursday, markets will first react to the earnings announcements of Infosys which came in after the market hours. Needless to say, a decisive breakout above 15,900 would help the index to inch higher, else we might again see the resumption of profit taking. Taking cues from the derivatives stats, 15,900 CE holds the OI of nearly 75k contracts and 16,000 CE having the OI of 80k. On the downside, 15,800 PE strike holds the highest OI of more than 81k contracts. This indicates we may see the weekly expiry closer to 15,900 levels. Ajit Mishra, VP – Research, Religare Broking

    08:46 (IST)15 Jul 2021
    F&O expiry view for Nifty, Bank Nifty

    Nifty started the week marginally positive and managed to form a support base around the 15650 mark. During the week, initially call writers were aggressively forming positions at 15800 strike, but as the index surpassed that hurdle on Tuesday, they ran to cover their positions. Now, 15800 put has highest open interest indicating support level for the expiry day, while resistances are seen at 15900 followed by 16000. Further, FII's have covered some of their shorts in last couple of days and also formed marginal longs. The data indicates probability of a rangebound expiry session with more stock specific action is likely to continue. One can keep a close eye on BANKNIFTY and if the index sustains above 35810 (spot level) for 5 - 10 mins, one can look to buy at-the-money CALL for BANKNIFTY, because this development will lead to a strong buying in the banking space. Sameet Chavan, Chief Technical Analyst, Angel Broking

    08:44 (IST)15 Jul 2021
    Petrol and diesel price today 15 July 2021: Rates hiked once again; check prices in Delhi, Mumbai, Pune here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of Petrol and Diesel were hiked on Thursday by oil marketing companies, after a brief two-day pause. Petrol in the national capital now costs Rs 101.54 per litre, up 34 paise since yesterday, while Diesel in the capital city is retailing at Rs 89.87 per litre, an increase of 15 paise. Fuel prices have increased 40 times since May 4. The price of petrol in Delhi has increased by Rs 10.85, while diesel price has surged Rs 10.80 per litre since the rates started increasing. 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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    08:27 (IST)15 Jul 2021
    Infosys, Titan, Wipro, L&T, ITC, Marico, LTTS, Tata Steel, Aditya Birla Money stocks in focus

    BSE-listed companies such as Larsen & Toubro Infotech, Wipro, Tata Elxsi, Cyient, Angel Broking, Tata Steel, Long Products, Aditya Birla Money, Cyient, Rama Paper Mills and Rollatainers will announce quarterly earnings on 15 July 2021.

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