India sees record 2.17 lakh single-day rise in Covid cases
Mindtree Q4 PAT falls 3%, but beats estimates
Exports rise to $13.72 billion in April so far
IMD predicts normal monsoon rainfall during June-Sept period
Petrol, diesel price revision on hold again a day after cuts
Centre to review Covid situation in UP, Chhattisgarh
Quess Corp to acquire remaining 30% stake in Conneqt
Let us take a quick glance at what happened on the Dalal Street today.
A fag-end selling on Friday cut most of the gains benchmark indices made earlier in the day. However, Nifty50 managed to close above 14,600 level, while the BSE Sensex settled above 48,800, gaining just 28 points for the day. Four stocks ended higher for every three that fell for the day. A healthy 156 stocks hit fresh 52-week highs, while another 255 hit their upper circuit limits. Asian Paints climbed 3 per cent, while UltraTech Cement, ONGC, M&M and Sun Pharma gained 2 per cent each. Wipro, HCL Tech and TechM advanced up to 8 per cent, but IT majors Infosys and TCS ended lower. ICICI Bank, SBI, Kotak Mahindra Bank and HDFC Bank fell up to 2 per cent. Index heavyweight Reliance Industries also fell half-a-per cent.
We have Asutosh Mishra, Institutional Equity of Ashika Stock Broking with us to share his views on the market.
Welcome to the show, sir.
Did quarterly earnings of three big IT majors this week meet your expectations?
Do you see high chances of earnings downgrades in the next one month due to rising Covid cases? What’s your view on the prevailing market valuations?
We also caught up with Nilesh Jain of Centrum Broking to decode the technical charts for you.
Nifty50 breached 14,600 at close. What are the charts suggesting?
Do you expect consolidation in Nifty Bank to continue?
Asian markets ended mostly higher for the day. European markets were trading up to 1 per cent higher in the first few hours of trade. US stock futures were hinting at a flat start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
