sensex today: Live stock market updates: Sensex up 200, Nifty above 17,550; Nelco bounces back 10%; Syrma SGS up 30%

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Indian stocks opened higher on Friday, lifted by gains in tech and metal stocks after an overnight rally on Wall Street, but were heading for their first weekly loss in six.

The Nifty IT index climbed 1.6% after four consecutive losing sessions, while the Nifty Metal index gained 2%.

However, investors should be cautious ahead of the US Federal Reserve’s annual monetary policy conference, looking for clues about the depth and duration of US interest rates.

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Foreign portfolio investors (REITs) are increasingly focusing their Indian bets on a handful of stocks.

Top winners and losers of the Nifty50 pack

Top winners and losers of the Nifty50 pack

Compilation of IT actions; Discover the best winners in the sector

Price as of August 26, 2022 11:13 a.m.Click on company names for their live prices.

Supreme Court lifts cap on iron ore mining in Karnataka state

Gensol Engineering booked orders worth Rs 153.16 crore for the construction of solar power projects with a total capacity of 58.8 MW in August.

Price as of August 26, 2022 11:04 amClick on company names for their live prices.

The share of daily cash volumes falls to its lowest level in ten years

India’s equity trading activity as a proportion of total market value is at its lowest level in nearly a decade as increased preference for derivatives and tighter margin standards have led to a decrease in trader participation. Average daily cash market volumes (equities) have been 0.23% of market capitalization so far in 2022 compared to 0.32% in 2021. This ratio was 0.3% in 2010 and 0 .86% in 2021, according to an ET study.

The share of daily cash volumes falls to its lowest level in ten years

The Adani Group on Friday launched its open offer of Rs 31,000 crore to acquire an additional 26% stake from public shareholders of the two Indian listed entities of Swiss company Holcim, ACC Ltd and Ambuja Cements.

Price as of August 26, 2022 10:37Click on company names for their live prices.

Although the approach to 17730 has exposed vulnerability on the early lines, the bullish outlook remains alive as long as it is above 17550 at the close. However, the positive bias for the day could be lost if below 17640. A further breakout of 17500 could call for 17000.

– Anand James – Chief Market Strategist at Geojit Financial Services

The rupee rises 6 paise to 79.86 against the US dollar in early trading

The rupee appreciated 6 paise to 79.86 against the US dollar at the opening of trade on Friday, driven by inflows of foreign funds and a firm trend in domestic equities. On the interbank exchange, the national unit opened at 79.87 against the dollar and rose slightly to touch 79.86, recording a gain of 6 paise from its previous close. During the previous session, the rupee fell 6 paise to close at 79.92 against the US currency. (Source: PTI)

Syrma SGS Technology subscribes to a 19% premium on the issue price

Syrma SGS Technology made a strong debut on Dalal Street as the engineering and design company was listed at Rs 262, a 19% premium to its issue price of Rs 220 on BSE. The company debuted with an 18% premium at Rs 260 on the National Stock Exchange (NSE). A day before the listing, shares of Syrma SGS Technology were trading hands at a premium of Rs 55-60 on the gray market, signaling a strong quote for the company.

Syrma SGS Technology subscribes to a 19% premium on the issue price

BUZZING: NDTV shares hit 5% upper circuit for 3rd day in a row

Price as of August 26, 2022 09:56Click on company names for their live prices.

Adani Enterprises Says Regulatory Restrictions Do Not Apply to NDTV Promoter Group

Adani Enterprises said on Friday that the regulatory restrictions did not apply to New Delhi Television Ltd’s largest shareholder, RRPR Holding Private Limited, as part of the conglomerate’s bid to take over the news network.

NDTV on Thursday sought to block billionaire tycoon Gautam Adani’s bid to acquire a majority stake in the news network, saying regulatory restrictions meant the bid could not go ahead.

Adani Enterprises Says Regulatory Restrictions Do Not Apply to NDTV Promoter Group

Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Even though markets are focused on what Fed Chief Jerome Powel will say in Jackson Hole today, his comments are unlikely to trigger a market trend. The market is experiencing, and has expected, a hawkish Fed. More important will be economic trends such as employment figures. On that front, there is optimism as the latest jobless claims in the US have been below expectations. This indicates a tight labor market and a strong economy. In short, the possibility of a soft landing for the US economy is growing. This is good news for the market.

Back home in India, yesterday’s 200 point correction from Nifty’s peak is due to expiration issues. This remains a short-term “buy on the downside” market. Bank Nifty appears to be the strongest segment.

Satellite company and broadband company Intelsat announced the start of Intelsat’s in-flight connectivity services in Indian skies through an agreement with Tata Group’s satellite services company Nelco; the stock reaches 10% of the upper circuit

Price as of August 26, 2022 09:28Click on company names for their live prices.

RBL Bank, Vodafone Idea, Tata Steel among most active stocks on NSE

Price as of August 26, 2022 09:26Click on company names for their live prices.

OPENING BELL: Sensex exceeds 400 points, Nifty exceeds 17,600 points; Nelco rebounds 10%, RBL Bank 3%

OPENING BELL: Sensex exceeds 400 points, Nifty exceeds 17,600 points;  Nelco rebounds 10%, RBL Bank 3%

Asian stocks rise as hopes of audit deal boost Chinese tech

Asian stocks rose on Friday, buoyed by news of possible progress for China and the United States in reaching an audit deal, as traders eagerly awaited a speech from the Chairman of the Federal Reserve, Jerome Powell, on the path to higher rates later today.

SGX Nifty reports positive start

Nifty futures on the Singapore Stock Exchange traded 85.5 points, or 0.49%, at 17,673.50, signaling Dalal Street was heading for a positive start on Friday.

Quarterly results today

Adhbhut Infrastructure, Indian Sucrose, Oceanic Foods and Nilkanth Engineering are among the companies that will announce their quarterly results today.

Tech View: Nifty50 Shows Signs of Weakness; support seen at 17,480

Nifty50 on Thursday fell after two days of gains and formed a bearish candle on the daily chart. Analysts said the index may find support in the 17,480-500 range, failing which it may test the 17,390-350 level.

Oil prices rise slightly on signs of improving demand

Oil prices rose in early trading on Friday on signs of improving fuel demand, although gains were capped as the market awaited hints from the chairman of the US Federal Reserve on the outlook for higher prices. rate in a speech later in the day.

Tokyo stocks open higher on US gains ahead of Powell speech

Tokyo shares opened higher on Friday, buoyed by U.S. gains as investors awaited a speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. The benchmark Nikkei 225 added 0.76%, or 216.90 points, to 28,695.91 in early trading, while the broader Topix index rose 0.50%, or 9.93 points, at 1,986.53.

Wall Street ends sharply higher, fueled by Nvidia and Amazon

Wall Street ended sharply higher on Thursday, buoyed by gains from Nvidia and other tech-related stocks, as investors focused on the Federal Reserve conference in Jackson Hole for clues on the bank’s policy outlook central.

The Rupee drops 7 paise to close at 79.93 against the US Dollar

The rupee fell 7 paise to close at 79.93 (provisional) after trading in a narrow range against the US dollar on Thursday. On the interbank foreign exchange market, the national currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.93 during the session.

Sensex, Nifty on Thursday

After opening with healthy gains, the 30-pack Sensex shares slipped into the red, losing 710 points from the day’s high to end 311 points lower at 58,774.72. Its broader counterpart, Nifty50, fell 82.50 points to end August’s futures and options (F&O) series at 17,522.45.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day

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