Sensex Today: Stock Market Live Updates: Sensex Rises 100 Points, Nifty Nears 18K; Adani Power wins 4%, Emami 3%

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CAMS BLOCK DEALING: 3.8% Equity Shares Change Hands

Price as of August 19, 2022 09:43Click on company names to see their prices live.

India yields slightly higher ahead of new 10-year bond sale

Indian government bond yields rose on Friday, a day after the Reserve Bank of India highlighted inflation concerns, while traders remained focused on the upcoming supply of debt, including a new note to 10 years.

India’s central government will sell bonds worth 330 billion Indian rupees ($4.14 billion) at an auction that includes a new 10-year bond worth 130 billion rupees.

The benchmark 10-year government bond yield was at 7.2593% at 0340 GMT. The yield rose 6 basis points on Thursday to close at 7.2421%.

What should you do with Reliance Infra shares?

After a quick short-term correction, the stock took support near Rs 115 and rallied sharply. So far this week, it has recovered more than 13 percent. On the daily and weekly charts, it has formed a long bullish candle that supports further uptrend from current levels. For traders following the trend, Rs 125 would act as a key support level. If the shares manage to trade above the same, we can expect a continuation of the uptrend wave to Rs 140-145.

The market momentum that pushed the Nifty up 18% from June lows is likely to face some hurdles from now on. The sudden rise in the dollar index to 107.6 will affect capital flows to emerging markets like India. Steady FII buying seen in August is likely to lose momentum and weigh on sentiments. High valuations do not justify higher markets. Some profit bookings and the diversion of money into fixed income can be seen as a short-term strategy. Buying on dips can be considered in high-quality financials, leading names in capital goods and automobiles.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

IIFL Finance, Yes Bank among the most active stocks on NSE

Price as of August 19, 2022 09:21Click on company names to see their prices live.

OPENING BELL: Sensex Up 100 Points, Nifty Closes In On 18K; Adani Power wins 4%, Emami 3%

OPENING BELL: Sensex Up 100 Points, Nifty Closes In On 18K;  Adani Power wins 4%, Emami 3%

Rupee opens 0.12% lower at 79.7575 per US dollar; previous close 79.6725

Rupee opens 0.12% lower at 79.7575 per US dollar;  previous close 79.6725

India bond yields may rise ahead of supply, RBI inflation comments weigh

Indian government bond yields are likely to trend higher in early trading on Friday as investors await a new debt offering and the central bank highlights inflation concerns weighing on sentiment. The benchmark 10-year government bond yield is likely to trade in a 7.21%-7.27% band until a government debt auction later in the day, a private bank trader said. . The yield rose 6 basis points on Thursday to close at 7.2421%.

Asian stocks in limbo as dollar takes the lead

Asian equities were left in limbo on Friday, while the US dollar pulled out all the stops as recessionary clouds gathered over Europe and highlighted the relative outperformance of the US economy.

SGX Nifty signals a negative start

Nifty futures on the Singapore Stock Exchange traded 43.5 points, or 0.24 percent, at 17,960.50, indicating that Dalal Street was headed for a negative start on Friday.

Oil rises on optimism over higher crude demand

Oil prices rose in early trading on Friday, extending a rally into a third day, as investors weighed hopes of strong fuel demand after a larger-than-expected drop in US crude stocks. ., brushing aside concerns about a global economic slowdown.

Tokyo stocks open higher

Tokyo stocks opened higher on Friday as investors looked for new signals ahead of next week’s annual meeting of central bankers in Jackson Hole, Wyoming. The benchmark Nikkei 225 index rose 0.58 percent, or 167.65 points, to 29,109.79 in early trading, while the broader Topix index advanced 0.49 percent, or 9.78 points, to 2,000.28.

Technical view: Nifty50 bulls look tired; stay cautious

Nifty50 somehow took their winning streak to the eighth day in a row on Thursday. The index made a similar high as on Wednesday as the bulls looked tired at the highs.

Wall Street closes higher, Cisco Systems jumps after forecast

US stocks ended higher on Thursday as an upbeat sales forecast from Cisco Systems helped boost the tech sector, while data showed the economy remained relatively strong. Investors were still weighing Wednesday’s minutes from the Federal Reserve’s July meeting, which they initially saw as support for a less aggressive stance from the central bank.

Rupee falls 19 paise to 79.64 against the US dollar

The rupee depreciated 19 paise to close at 79.64 against the US dollar on Thursday, as a strong US currency abroad and a rebound in crude oil prices weighed on investor sentiment.

Sensex, Nifty on Thursday

The pack of 30 Sensex shares recovered 352 points from the day’s low and finished just 37.87 points higher but still above the 60,200 mark. Its widest pair, Nifty50, also managed to get above the 17,950 mark.

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

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

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