stock market today, BSE Sensex Indian equity benchmark index Nifty 50 saw gains in early trade on Friday. The BSE Sensex opened above 80,000. nifty 50 At 9:20 am, the BSE Sensex was trading at 79,982.54, up 85 points or 0.11%. The Nifty 50 was at 24,350.65, up 35 points or 0.14%.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal believes, “Overall, the market is witnessing strength as every dip is being bought, supported by strong domestic inflows coupled with FII buying in the last few days.”
Nagaraj Shetti of HDFC Securities believes that the underlying trend of Nifty remains volatile with a positive bias, and a sustainable move above 24,500 levels could open up the next upside target of 24,900 levels in the near future. Immediate support for Nifty is at 24,150.
global market Showed a mixed trend, with S&P 500 futures little changed, Hang Seng futures rose 0.7%, Japan's Topix fell 0.8%, Australia's S&P/ASX 200 gained 0.7%, and Euro Stoxx 50 futures rose 0.4%. In the foreign exchange market, the euro, Japanese yen and offshore yuan were little changed against the US dollar.
Oil prices rose in Asian trade on Friday, with Brent crude futures up 37 cents at $85.77 a barrel and US West Texas Intermediate crude futures up 50 cents at $83.12 a barrel. The rise in oil prices is due to strong summer demand and easing inflation pressures in the US.
Ten stocks are currently in the F&O ban period, including India Cements, IEX, ABFRL, Bandhan Bank, PEL, GNFC, Chambal Fertilizers, Indus Tower, Balrampur Chini Mills and RBL Bank.
Foreign portfolio investors turned net sellers and sold shares worth Rs 1,137 crore, while domestic institutional investors bought shares worth Rs 1,676 crore.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal believes, “Overall, the market is witnessing strength as every dip is being bought, supported by strong domestic inflows coupled with FII buying in the last few days.”
Nagaraj Shetti of HDFC Securities believes that the underlying trend of Nifty remains volatile with a positive bias, and a sustainable move above 24,500 levels could open up the next upside target of 24,900 levels in the near future. Immediate support for Nifty is at 24,150.
global market Showed a mixed trend, with S&P 500 futures little changed, Hang Seng futures rose 0.7%, Japan's Topix fell 0.8%, Australia's S&P/ASX 200 gained 0.7%, and Euro Stoxx 50 futures rose 0.4%. In the foreign exchange market, the euro, Japanese yen and offshore yuan were little changed against the US dollar.
Oil prices rose in Asian trade on Friday, with Brent crude futures up 37 cents at $85.77 a barrel and US West Texas Intermediate crude futures up 50 cents at $83.12 a barrel. The rise in oil prices is due to strong summer demand and easing inflation pressures in the US.
Ten stocks are currently in the F&O ban period, including India Cements, IEX, ABFRL, Bandhan Bank, PEL, GNFC, Chambal Fertilizers, Indus Tower, Balrampur Chini Mills and RBL Bank.
Foreign portfolio investors turned net sellers and sold shares worth Rs 1,137 crore, while domestic institutional investors bought shares worth Rs 1,676 crore.