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The benchmark indices closed on a strong note on Thursday with the Nifty50 scaling above 14,700 levels.
The BSE Sensex rallied 272.21 points to close at 48,949.76, and the Nifty50 was up 106.90 points at 14,724.80. The broader markets also traded in line with frontliners as the Nifty Midcap 100 and Smallcap 100 indices gained 0.94 percent and 0.7 percent respectively.
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Topic :- Time:1.10 PM
Nifty is showing a good recovery. Nifty spot if manages to trade and sustain above 14720 levels then expect some further upmove and if it breaks and trade below 14680 levels then some decline can be seen in the market.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 766.50. If it manages to trade and sustain above 767 level then expect some upmove and if it breaks and trades below 766.00 level then some decline can be seen in this base metal.
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Topic :- Time:12.10 PM
Just In:
Bitcoin rises 6.8% to $56,852.03.
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Topic :- Time:12.00 PM
Consolidation is going on. Nifty spot if manages to trade and sustain above 14700 levels then some upmove can be seen in the market and if it breaks and trade below 14640 levels then some decline can be seen in the market.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex, Nifty volatile; metals, auto stocks up, PSU banks drag
2. BoB sanctions Rs 500 cr to Serum after RBI liquidity tap for healthcare firms
3. Coronavirus: India records 412262 new cases; 3,982 deaths
4. China halting flights to India could hurt pharma supplies, say companies
5. IDBI Bank shares zoom 15% as Cabinet gives in-principle nod to divestment
6. Tata Steel gains 6%, hits new high on strong March quarter results
7. Indian Energy Exchange gains 5% on a strong business update for April
8. US-listed Emerging Markets ETFs see 26th straight week of inflows
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Topic :- Time:11.00 AM
Right now nifty is trading in a range. Nifty spot if manages to trade and sustain above 14680 levels then expect some further upmove and if it breaks and trade below 14640 levels then some decline can follow in the market.
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Topic :- Time:10.20 AM
After a positive opening nifty is still trading in the green zone. Nifty spot if manages to trade and sustain above 14640 levels then expect some further upmove and if it breaks and trade below 14600 levels then some decline can follow in the market.
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Topic:- Stocks under F&O ban on NSE
1. SUNTV
2. TATA CHEM
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Topic:- Stocks in News
Tata Steel: The company posted a consolidated profit of Rs 6,644.1 crore for Q4FY21 against a loss of Rs 1,481.3 crore in the year-ago period. Consolidated revenue increased to Rs 49,977.4 crore from Rs 36,009.4 crore in Q4FY20.
Maharashtra Seamless: ONGC has issued the letter of award to Jindal Drilling & Industries for the deployment of Jack-up drilling rig Jindal Explorer owned by Maharashtra Seamless on charter hire contract for a period of 3 years.
Praj Industries: HDFC Mutual Fund sold 4,34,583 equity shares (0.24 percent) in Praj Industries via an open market transaction on May 3, reducing shareholding to 6.51 percent from 6.75 percent earlier.
IDBI Bank: Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. LIC may reduce its shareholding in IDBI Bank through divesting its stake along with strategic stake sales envisaged by the government, said the bank.
Adani Green Energy: The company reported a consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore reported in Q4FY20, revenue rose to Rs 986 crore from Rs 696 crore in the year-ago period.
Wipro: The company partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence.
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Topic:- Results on May 6
Hero MotoCorp, Adani Power, Adani Transmission, Apcotex Industries, Blue Star, Caplin Point Laboratories, Century Textiles & Industries, Coforge, CreditAccess Grameen, Hindoostan Mills, ICRA, IIFL Finance, Josts Engineering, Ludlow Jute & Specialities, Procter & Gamble Health, Praj Industries, Raymond, Solara Active Pharma Sciences, Sundram Fasteners, Tata Consumer Products, Five X Tradecom, Foseco India, Hikal, Ashika Credit Capital and Bombay Burmah Trading Corporation will release quarterly earnings on May 6.
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Topic:- Nifty Opening Note
Indian Stock Market Trading View For 6 May 2021:
Yet another volatile session is expected. Global cues to be a critical factor.
Nifty spot if manages to trade and sustain above 14660 levels then expect some up move in the market and if it breaks and trade below 14560 levels then some decline can be seen in the market. Please note this is just an opening view and should not be considered as the view for the whole day.
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