sensex today: Live stock market updates: RBI warns of bubble in stocks; pledges to stay focused on growth, says impact of Covid is expected to disappear by July; Nifty Bank rises; Most Sensex Bank Shares Save HDFC Bank
The Reserve Bank of India has said its monetary policy will remain pro-growth until it is restored to a sustainable basis. The central bank also said it sees the impact of the second wave of COVID-19 infections limited to the June quarter with fallout until July. Smart bank stocks are increasing and most of the Sensex bank stocks are increasing, with the exception of HDFC Bank.
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Despite weak global trends, Indian stock indices were trading with an upward bias at the start of trading before the monthly futures expired. According to a report by the rating agency Crisil due to rising input prices and disruption to the rural economy, inflation is expected to be higher than estimated inflation. US stocks ended the day with small gains on Wednesday, as recent statements by Federal Reserve officials helped allay fears of runaway inflation and keep bond yields under control. Asian markets were trading in the red zone. The Indian market is able to maintain the positive dynamics of the first half of the market. 15400 will act as a resistance in the market. The market is aligned to remain in the 15,000 to 15,400 range for the next few days. Sector-wise, most sectors were positive, but real estate and telecoms showed weakness in the first half of the year. Wipro and Tata engines are the top winners while Bajajfinsv and Bajfinance are the top losers on Nifty.
– Gaurav Garg, Head of Research at CapitalVia Global Research
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Burger King India shares fall more than 7% after profits
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10.5% real GDP growth forecast for 2021-2022 threatened by Covid 2.0, but pick-up in capital spending poses upside risk
The RBI acknowledged that its 10.5% real GDP growth forecast for 2021-22 was threatened by the resurgence of the virus, but it also said that the resumption in capital spending also presented a risk to the upside. “The direction of fiscal policy is an important factor that informs the prospects for recovery. The push on infrastructure can create the conditions to broaden the recovery of activity by exploiting forward and backward links and multiplier effects, ”the central bank said. However, the country’s umbrella bank has warned policymakers that the pandemic “will not go away for a while” and urged the country to learn the lessons of the second wave tragedy that has plagued the country.
RBI report: Central bank to support growth as it hopes COVID impact remains limited in first quarter
The Reserve Bank of India has said its monetary policy will remain pro-growth until it is restored to a sustainable basis. The central bank also said it sees the impact of the second wave of COVID-19 infections limited to the June quarter with fallout until July. “This is the most optimistic scenario that can be considered at this point – it offers a limited window to establish strict pandemic protocols and logistics, accelerate production of vaccines and medical supplies, fill gaps in health infrastructure. and build up stocks, in particular of vaccines. , in anticipation of the next wave of infections, ”the central bank said in its annual report for 2020-2021.
How will BPCL shares and F&O strikes adapt to the mega dividend
Analysts now say BPCL’s larger-than-expected dividend payout could be a sign the government is gearing up for the long-awaited divestment from the oil UPE. Given the size of the dividend, there would be a strike price adjustment in the options segment of the BPCL stock, they said. The stock traded around 1% higher at Rs 474 at the start of trading on Thursday. The WTO declared a final dividend of Rs 58 per share, including a one-time special dividend of Rs 35 per share.
Bharti Airtel share fate tied to ARPU numbers
Karnataka Bank recedes 7.57% after plunging 9% as NPAs rise, NII falls
Price as of May 27, 2021 11:14 a.m.Click on the names of the companies for their live prices.
How are pharmaceutical stocks doing: Cadila Healthcare in the green, Sun Pharma, Cipla, Laurus Labs in the red
Price as of May 27, 2021 11:01 a.m.Click on the names of the companies for their live prices.
Explained: Why the risk of inflation is increasing in India
Rally over or temporary blip? The metal’s outlook oscillates between hope and gloom
Reliance Securities Intraday Choice
MARUTI (PREVIOUS CLOSE: 7,034) BUY For today’s trade a long position can be initiated in the range of Rs 7.005- 6-970 for the target of Rs 7.140 with a strict stop loss of Rs6.915 . SUNTV (PREVIOUS CLOSE: 539) BUY For today’s trade, a long position can be initiated in the range of Rs536-530 for the target of Rs553 with a strict stop loss of Rs 524. BALKRISIND (PREVIOUS CLOSE: 2,165) SELL For today’s trade, a short position can be initiated in the range of Rs 2,178-2,195 for the target of Rs2,120 with a strict stop loss of Rs 2,215.
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20 of 30 Sensex in the red
India VIX fear gauge eases 0.38%
Opening bell: Sensex wins 50 points, Nifty at 15,320; BPCL jumps by 3%; Karnataka Bank reservoirs 7%
Pre-open session: Sensex wins 80 points, Nifty stays above 15,300
SGX Nifty signals negative start
Shrewd futures on the Singapore Stock Exchange traded 28.5 points, or 0.19%, down to 15,308, a sign that Dalal Street was heading for a negative start on Thursday.
Tech View: Buy in Nifty50 Intraday Troughs
Nifty50 released its immediate resistance of 15,300 levels on Wednesday. Analysts said a sustained rise above the 15335 level could push the 50-pack index to all-time highs. Any intraday drop should be accepted, they said. Support levels are rising, said Ruchit Jain of Angel Broking, who sees immediate support for the index at 15,235 and 15,163 levels. This analyst advised traders to continue with a positive bias and look for opportunities on intraday declines.
Asian markets mixed in early trade
The Japanese Nikkei was down 0.51 percent to 28,496.27, and futures on the S & P500 E-minis index were down 0.75 points, or 0.02 percent. Australia’s S & P / ASX 200 index rose 0.2% to 7,103.5. Hong Kong’s Hang Seng Index fell 0.57 percent, or 167.62 points, to 28,998.39. China’s Shanghai Composite Index fell 0.21%, or 7.62 points, to 3,585.75.
Dollar firms as traders brace for US inflation gauge
The dollar found support from emerging views on Thursday, the Federal Reserve is slowly but surely moving towards a discussion of tightening monetary policy, and as traders wait for crucial US inflation data this week. US yields rose overnight, as the yield on benchmark 10-year Treasuries rose 1.7 basis points to 1.5808 percent. The US dollar index followed suit and rose 0.4% on Wednesday, holding at 90.076 on Thursday.
Fed Quarles Announce Bond Program Talks Open
A senior Federal Reserve official said on Wednesday he was ready to open talks on reducing some of the US central bank’s emergency support to the economy, if only to clarify plans of the Fed to do so as the economy booms and prices rise. “I don’t want to overstate my concern,” Fed vice chairman for oversight Randal Quarles said at a Brookings Institution event.
Wall Street closes with modest gains
US stocks posted modest gains on Wednesday after a lackluster session that saw positive business news struggling with lingering concerns about the global recovery and US inflation. The Dow Jones Industrial Average ended mostly flat at 34,323.05. The broad S & P500 index edged up 0.2% to close at 4,195.99, while the tech-rich Nasdaq Composite Index rose 0.6% to 13,738.
Sensex, Nifty Wednesday
At the closing bell, the BSE S&P Sensex was up 380 points or 0.75% to 50,018 while the Nifty 50 was up 93 points or 0.61% to 15,301. was mixed with a 1.8 percent drop in the Nifty metal when traders reserve profits. Nifty PSU bank was also down slightly, but Nifty realty was up 2.8% and IT was up 1.7%.