Explore Now
New Delhi: The domestic equity market on Monday managed to extend gains to a second straight day amid a volatile session. Strong buying interest seen in financial, power and realty counters helped the market end the day in the green.
Though the Nifty breached the 15,200 level at the open, it fell shy of the said level on a closing basis and ended at 15,198. The index formed an indecisive Doji candle on the daily chart indicating investor indecisiveness at a higher level. Analysts said Nifty will need to hold above the 15,150 level to witness any further bounce. Can the Nifty inch towards the 15,300 level and hit new highs?
ET Markets RadioTune in now for Markets news, views & cues
Market Watch (ETMarkets.com)
04:54 Min | May 07, 2021, 6:56 PM IST
Tune in as we discuss why D-Street is ignoring earnings downgrade, what Nifty charts are suggesting, and more!
Tags
Transcript
Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour.
New Covid cases jump 4.14 lakh in 24- hours
Petrol price hits Rs 102-mark in Rajasthan, MP
Fitch says India may breach FY22 fiscal deficit target
HDFC Q4 profit rises 42% YoY, beats estimates
Study says Pfizer-BioNTech vaccine effective against variants
Sugar stocks in sweet spot, as shares hit roof
May 03, 2021
Brazil’s loss is India’s gains, say analysts
Shares of sugar prices surged on Monday, as analysts expect the commodity price to go up following Brazil woes. According to reports, sugar output for April in Brazil was down 35 per cent year-on-year. Analysts said Brazi’s loss could be India’s gain.
A Reuters report quoting industry group Unica said: “Brazil s center-south sugar output was only 624,000 tonnes in the first half of April versus 971,000 tonnes in a similar period last year. Cane crush was seen at 15.6 million tonnes, 30 per cent less than in 2020.”
Stocks in the news | Bata India, Indraprastha Gas, Titan, Magma Fincorp, Majesco, Mawana Sugars
Aurobindo Pharma, Bank of India, Titan Company, Ador Welding, Magma Fincorp, Entertainment Network India, Sadbhav Infrastructure Project, JB Chemicals are also among the stocks in focus today. Here is a list of stocks in the news today. Results today | ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch, Capacite Infraprojects, CRISIL, General Insurance Corporation of India, Gujarat Pipavav Port, Graphite India, HUDCO, Infibeam Avenues, ITDC, ITD Cementation, Jaypee Infratech, KNR Constructions, MRF, Natco Pharma, NCC, NHPC, Oil India, Petronet LNG, Power Finance Corporation, Prestige Estates Projects, Spencers Retail, VA Tech Wabag and Zee Media Corporation are among 442 companies to announce their quarterly earnings.